AMarkets Review: A Top-Down Analysis of a Premier Forex Brokerage

Homepage of AMarkets

Summary of AMarkets Forex Broker

Whether you’re an experienced investor or it’s your first time trading, you need to know exactly what to expect from a broker.

That’s true even when you’re considering one that’s been around 16 years, like AMarkets.

In this article, I will take a close look at AMarkets and provide you with all the information you need to decide whether it’s the right platform for you.

AMarkets earns a TB (Trading.Biz) evaluation score of 5.4 after being carefully examined across multiple parameters.

Pros and Cons of AMarkets

Pros

• A sound customer support system
• Multiple trading assets and hundreds of instruments
• Support for seven languages
• Multiple account types to choose from
• Simple and easy verification process

Cons

• Poorly developed educational content
• Limited deposit and withdrawal options for e-wallets
• Minimum deposit of $100, which is rather high
• Landing page lacks interactive features

Evaluating High Impact Factors

Trade with AMarkets If:

• You’re seeking exceptional trading features and outcomes
• You want to benefit from low spreads, starting at 0.2
• You value swift order execution times (as quick as 0.03 seconds) across all instruments
• You want access to tools to simplify your trading experience

Don’t Trade with AMarkets If:

• You’re interested in integrating and using multiple trading terminals like cTrader, which is not available through this broker
• You prefer a broker with low or no deposit minimums
• You’re looking for a broker that will help you learn how to trade

Verified Office Addresses for AMarkets

Verified office address for AMarkets

AMarkets has two verified offices, located in the Cook Islands and Serbia:

• T&F Chambers, Main Road, Rarotonga, Cook Islands
• Mite Ružića 1/9, Novi Sad, Republic of Serbia

Security and Regulation

AMarkets is registered and licensed by several financial authorities.

• MISA: AMarkets LTD is licensed as an international brokerage and clearing company by the Mwali International Services Authority (MISA) under the license number T2023284

Available regulatory licenses

• FSC: AMarkets registered under the name AMarkets LLC in the Cook Islands and claims to be under the jurisdiction of an agency operated by the Financial Supervisory Commission (FSC)
• FSA: AMarkets is registered in Saint Vincent and the Grenadines, claiming registration by an appropriate agency under the Financial Services Authority (FSA)
• The Financial Commission: AMarkets is a member of The Financial Commission, a well-known financial mediator that provides up to €20,000 in compensation per trade claim

While all of this seems promising, I am concerned that there isn’t more clarity about the company’s registration under agencies linked to the FSA and FSC. This ambiguity does not inspire trust for its users.

Just in case, I verify my trade audits on AMarkets every month to ensure accurate trade execution.

Security

You’re potentially dealing with large sums of money when using a broker. That makes a high level of security essential – and AMarkets provides it.

The platform allows users to set Two-Factor Authentication (2FA) for various actions on the platform. This option is listed under the Security section and is easy to set up.

AMarkets also has several other security measures, including giving users security tips to safeguard their funds. Unlike many other brokers, AMarket has no record of selling their users’ data or using it without their authorization.

Expert Opinion on AMarkets

Assistance Refund raised the same concerns I have about the broker’s licensing, stating that “AMarkets is not one of the secure forex brokers since it does not hold a license from any serious forex authority worldwide, meaning the broker is suspected of being a fraud company.”

Assistance Refund Review of AMarkets

In contrast, SA Share had a more favorable outlook on the broker, emphasizing its longevity and the awards it has received over the years:

“AMarkets is an award-winning social trading broker founded in 2007, regulated by the Financial Services Authority of Saint Vincent and the Grenadines, and trusted by over one million clients worldwide.”

Expert Review of AMarkets

Expert review of AMarkets

I found the signup process slightly tedious, since it only allowed me to enter my information manually. However, things turned around for me during the verification process, which was smooth and uncomplicated. The initial hassle during the signup is a small price to pay for that kind of convenience.

I didn’t have any issues placing a deposit or withdrawal order, either.

My biggest issue with it is the lack of clarity with regards to its licensing and regulation. Although the platform is reputable, users should use it with caution.

The Signup and Verification Process on AMarkets

The signup process for AMarkets is more complex than what you’d normally expect from a broker. While many allow you to sign up using a Google or Facebook account, AMarkets requires you to fill in all your information manually.

Signup process for AMarkets

During signup, I was asked to provide basic personal information (first name, last name, email address, phone number) and select my preferred trading platform (MT4 or MT5).

After this, I had to confirm my email using a link sent to my mailbox. I also received my password and a link to the login area. With one click, I was automatically taken to my account.

Email verification when signing up on AMarkets

Verification Process

The verification process was quite easy and straightforward. I had to provide a valid form of identity verification (passport, driver’s license, or ID card). Once my documents were reviewed and approved, my account was ready. Then, I had to verify my phone number.

Verification page on AMarkets

AMarkets Dashboard

The AMarkets dashboard is very interactive and engaging. The homepage displays the type of account you’re trading with and your selected trading terminals.

The three vertical lines at the top left corner reveal four options:

AMarkets dashboard

• Finance: Complete deposits, withdrawals, and internal transfers here
• Copy Trading: Select whether you’re a trader and investor and start earning by placing trades or copying those of more experienced professionals
• Service: Here is where you’ll find a number of useful features like trading plans, trade analyzers, trading signals, expert advisors, and VPN servers
• Settings: Manage your account, open new live or demo accounts, apply for an Islamic account (which has special features that allow you trade in accordance with the principles of Islamic finance), change your leverage, and opt for a 30% swap

Additionally, there are more options that will simplify your use of the app, such as a livechat icon to instantly communicate with customer support.

Depositing and Withdrawing Funds on AMarkets

Making a Deposit to Your AMarkets Account

AMarkets offers various deposit options, which is very convenient. These include cryptocurrencies (USDT, BTC, ETH, LTC, and USDC), Advcash, Perfect Money, Payment Agent, Visa Card, and MasterCard.

The processing time for each of these options varies:

• Visa or MasterCard: Instant
• Crypto: One hour
• Wire Transfer: A few business days

Deposit page on AMarkets

Withdrawing Funds from Your AMarkets Account

Refreshingly, the platform offers the same withdrawal options that were available for deposits.

To reiterate, that includes Visa, MasterCard, cryptocurrencies (USDT, BTC, ETH, LTC, and USDC), Advcash, and Perfect Money.

They have about the same processing time as well, so you can retrieve your funds quickly.

Withdrawal page on AMarkets

Trading Conditions

Trading features on AMarkets

• Maximum leverage: 1:3000
• Spreads as low as 0.2 pips
• Orders executed within 0.03s (with a 99.9% guarantee)
• 0% commission on deposit
• Minimum deposit of $100
• No minimum withdrawal amount

How to Start Trading with AMarkets

After I had decided to try out AMarkets, here are the steps I took so I could start trading:

1. I signed up for an AMarkets account and completed the verification process
2. I downloaded the desired trading terminal supported on AMarkets (I chose MT4)
3. I linked my MT4 trading terminal to my AMarkets account
4. I made a $100 deposit so I could start trading on a live account
5. I began placing trades on any desired currency supported on the platform

Account types on AMarkets

Useful Trading Tools on AMarkets

The platform offers several trading tools designed to simplify your trading journey. Let’s take a quick look at the most important ones.

Trading services and tools on AMarkets

Expert Advisors

These expertly trained bots are designed to offer advice that will assist you in trading. On this page, I found a list of expert advisors, the recommended deposit for each, their gains over the past six months, their maximum drawdown, and options to download them.

AutoChartist

This automated feature offers several benefits, such as precise market entry and optimization of stop loss. It takes profit, reacts quickly to price movements, and follows 16 sorted patterns to increase profitability.

Economic Calendar

This kept me informed with daily forex indicators and updates on market events that could influence the value of various currencies. I could also review present, past, and future events to make better informed decisions.

Trader’s Calculator

This section gave me details on the spread, cost of pip, swap (long and short), and margin for all instruments on AMarkets across different account types (standard, fixed, and ECN).

Sentiment Indicator

This tool displays the overall trading positions of AMarkets’ clients, indicating whether most traders are buying or selling a particular asset. This gave me an easy way to gauge market sentiment and identify trends before making moves.

Trader Analyzer

This tool offers personalized analytics on your historical performance, including win/loss ratios and average profits/losses. This tool was particularly helpful in helping me identify the strengths and weaknesses of my trading strategies.

Trading Plan

This includes guides to help you set risk management rules, define trading strategies, establish goals, and conduct regular performance evaluation.

Investment Opportunities on AMarkets

Investment opportunities on AMarkets

As a trader on AMarkets, I have access to various investment opportunities across different asset classes.

The feature that stood out the most, however, was copy trading. It’s an easy way to earn with minimal active involvement, but it’s not available on every platform.

After completing the registration and following all required protocols, I selected a successful trader specializing in the types of assets I was interested in trading. Then, the copy trading feature replicated their trades automatically. Every time their trades paid out, I earned.

While it’s possible to be very successful copy trading, it’s important to note that it could incur losses. The goal is to take the time to carefully select a trader to improve the odds that your gains will outweigh your losses.

AMarkets Affiliate Program

AMarkets features one of the least descriptive affiliate program pages I’ve encountered, making it difficult to navigate and get a clear sense of what to expect.

Despite this, the broker has achieved significant milestones with its partnership program, including paying out $30,000,000 in partner remuneration.

They also maintain dedicated social media handles on Instagram and Facebook for their affiliates.

Affiliate program page on AMarkets

Conclusion

After using AMarkets, I found it a suitable broker for traders at various levels of experience. Although not everything about the platform is perfect, their offerings strike the right balance between accessibility and advanced features.

My one real hesitation is the regulation and licensing. While it seems solid at first blush, some of the language is vague, which makes me more careful when using the platform. The company would benefit greatly from clarifying this or seeking better licensing.

The user interface on the landing page could also use a redesign to make it more interactive and engaging. Same with the personal area (the user trading dashboard).

Overall, AMarkets is a fine broker. However, given its murky regulatory status, I recommend traders exercise caution and stay informed if they choose to use their services.

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