Contact Info
- Website: www.amarkets.com
- 24/7 chat support
- Office address:
- Kingstown, Griffith Corporate Centre, Suite 305
- Saint Vincent and the Grenadines
AMarkets Broker Review
The online trading industry has expanded exponentially in recent years. There are more online trading brokerages to choose from than ever before, many of them cannot be trusted, and many of them simply do not offer quality services. Therefore, it’s difficult to choose a proper online trading brokerage to deal with. Thankfully for you, we found a reputable online trading brokerage known as AMarkets that’s worth reviewing. This online trading brokerage has seen tremendous growth over the years, won numerous awards, and many people recommend them. Therefore, in the following review we’ll delve deep into all aspects of the AMarkets online trading brokerage and see what sets them apart from the competition and whether or not they can be trusted.
Company Information
AMarkets is a leading financial online trading brokerage who services traders from around the globe. The brokerage features a wide array of electronically traded investment products across a variety of lucrative markets. AMarkets provides their traders with all the sophisticated tools and features for self and algorithmic trading, as well as advanced trading management solutions. AMarkets has been providing these services for a number of years and have become one of the most well-respected and competent brokers in the space. AMarkets is owned and operated by AMarkets Ltd. and was founded in 2007. Since their establishment, AMarkets has grown tremendously and now operates around the world. As well, AMarkets is registered at Saint Vincent and the Grenadines, Kingstown, Griffith Corporate Centre, Suite 305.
While AMarkets maintains an international presence, there are countries in which they do not provide their services due to legal and regulatory reasons. These unserved countries include USA, Great Britain, Japan, Lithuania, North Korea, Algeria, Myanmar, Iraq and others. AMarkets does not service clients from these countries because of their regulations. AMarkets is regulated by the Financial Services Authority (FSA) of Saint Vincent with license number 22567 IBC 2015. As well, AMarkets is a member of an international dispute resolution organization known as the Financial Commission. Another thing, the financial credibility of AMarkets has been verified by Ernst & Young which is an international auditing company a part of the “Big Four”. In the online trading industry this is a massive step towards transparency and legitimacy, making them a well respected and highly reputable online trading brokerage.
To compliment this reputation, AMarkets has been awarded numerous awards across all areas of their services. These awards have been granted by prestigious and international publications. See some of their most respected rewards listed below.
- Best Copy-Trading Platform Nigeria International Business Magazine Awards 2021
- Best Affiliate Program International Business Magazine Awards 2021
- Best IB Program World Forex Award 2021
- Best Value Broker – Middle East Global Forex Awards 2020
- Fastest Growing Forex Broker in the Middle East Egypt Investment Expo 2019
- Best Forex Introducing Broker Program Award JFEX Awards 2019
- Dynamic Development IAFT Awards 2017
- Best affiliate programs on the financial markets RACE Awards 2016
- Best FOREX broker on the affiliate programs market RACE Awards 2015
- Best Execution Speed IAFT Awards 2014
- Highest Clients` Success Rate IAFT Awards 2014
- Fastest growing STP broker Asia 2013
- Dynamic development IAFT Awards 2012
- Best educational program Show FX 2011
- Discovery of the Year Newsland 2009
Assets Available
AMarkets offers their traders an extensive array of financial instruments and markets to participate in trading. For instance, traders can find opportunities trading forex, precious metals, commodities, stocks, indices, and cryptocurrencies. See below, the extent of the financial assets offered.
Stocks
- Over 165 company shares
- Global market access
Forex
- 45 currency pairs
- Majors, Minors, Exotics
Bonds
- 2 government bonds
Precious metals
- Trade 7 precious metal CFDs
Commodities
- Trade 11 of the world’s most popular equity indices
Cryptocurrencies
- 5 of the most popular cryptocurrencies
Indices
- 16 of the most popular indices across the global market
Commissions & Spreads
AMarkets has a very flexible fee structure in which traders can choose how they would like to incur fees through trading. For instance, traders can choose between fixed or variable spreads, market execution or instant execution, commission free trading or trades with tighter spreads but involve commission. No matter which type of trader you are, AMarkets has a favorable fee structure that suites your trading style. Another point worth mentioning is that traders do not incur any fees for deposits or withdrawals. See below the average spreads or commission for different account types.
Fixed Accounts
- Fixed spread, 3 pips
Standard Accounts
- Floating spread, 1.3 pips
ECN Accounts
- Floating spread, 0.2 pips on EUR/USD + commission 5$ per lot
Bonuses & VIP Program
AMarkets features very enticing and lucrative bonuses and promotions for their new and on-going clients. The bonuses and features change from time to time but are always plentiful and very attractive. See AMarkets current bonuses and promotions listed below.
- Welcome Trading bonus of up to 15% + 3rd level of cashback
- Transfer your trading account to AMarkets and keep all your open trades
- Zero commissions for deposits
- ECN accounts from only $200
- Practice with a live demo account
- 100% initial deposit bonus for new traders
- Cashback loyalty program: receive up to 14 EUR back to your account
RAMM Copy Trading
RAMM is one of the most popular AMarkets services. It is a copy-trading service that allows investors to make money in the financial markets by following the strategies of experienced traders. The system transmits trading signals from the source (i.e. managing trader) to the recipient (i.e. the investor). The signal when a trader opens or closes a trade is copied to the investor’s account automatically. So the investor does not need to open trades manually.
RAMM utilizes a modern platform with a user-friendly interface. Clients can use both a web-based version of the platform or a mobile application. An investor can choose a trading strategy based on various parameters such as profitability, commission%, number of investors, age of the strategy, etc. At the same time, the investor’s funds always remain in his account. He has full control over the investment and can pause the copying process at any time. In the news section of its website, AMarkets publishes the top five best-performing RAMM strategies that showed the greatest profitability at the end of the month.
AMarkets clients can also create their own strategies in the RAMM system and earn additional income from the investments. The trader himself determines the fee rate and commission for copying his strategy. Follow this link to learn more about the RAMM Copy Trading service.
Mobile
AMarkets features not 1 but 3 different mobile trading applications for their various trading platforms. Traders can download these applications for both Apple and Android mobile devices such as smart phones and tablets.
Deposit & Withdrawals
Depositing and withdrawing funds with AMarkets is simple, fast and easy. Also, AMarkets has plenty of options for traders to choose from. They really do their best to accommodate the payment needs of every trader, no matter where they’re from. See below, the supported deposit and withdrawal methods along with their associated fees and processing times.
Plastic Cards (Visa, MasterCard, Prepaid Card)
- Deposit Fee: Zero commission
- Deposit Processing time: instant availability
- Withdrawal Fee: 2.5% + $5 USD
- Withdrawal Processing time: 1 – 3 hours
SWIFT Bank Wire Transfer
Deposit and withdrawal fees and processing times are the same for this method. See the details below.
- Fee: Depends on the bank
- Processing time: 3 – 5 business days
Electronic Payment Systems
- Perfect Money (fee: 0.5%, processing time: 1 – 3 hours)
- WebMoney (fee: 0.8%, processing time: instant availability)
- FasaPay (fee: 0.5%, processing time: 1 – 3 hours)
- Union Pay (fee: 0%, processing time: up to 3 business days)
- Skrill (fee: 1%, processing time: 1 – 3 hours)
Customer Support
One area that AMarkets really excels in is their level of customer support. AMarkets has some of the best customer support in the online trading industry and they have won awards for just this. The available methods of support include email, skype, live chat, telegram, and telephone which are available in 6 different languages. These support methods are available 24 hours a day, 5 days a week and each contact method provide a specialized service. For instance, email is best for traders looking for a well thought out and detailed response, skype is best for new traders with many questions, live chat is best for quick and short responses, telegram is good for general communication with traders and support representatives, and telephone is good for gaining further details on certain issues. All support methods serve their purpose well and are very responsive, helpful, and friendly in their own unique way. Also, additional methods of support include the websites extensive and comprehensive FAQ page, as well as the overall content found throughout the AMarkets website.
Verdicts
Pros
- Excellent selection of trading platforms
- Very competitive trading fees
- Extensive array of tradeable assets across numerous markets
- Excellent customer support
Cons
- Support is only available in 6 different languages
- Caters more towards advanced traders
FAQ
Is AMarkets regulated?
Yes. AMarkets is regulated by the Financial services Authority (FSA).
Where is AMarkets based?
AMarkets is based out of Saint Vincent and the Grenadines.
How does AMarkets make money?
AMarkets charges trading fees through commissions and spreads.
How do I deposit in AMarkets account?
AMarkets accepts Bank Wire transfer, Credit cards and eWallets.
How do I withdraw money from AMarkets?
You can withdraw from AMarkets through Bitcoin deposits, Bank Wire transfer, Credit cards and eWallets.
Can I trade on AMarkets with my mobile device?
Yes, you can use your mobile device to trade on AMarkets through their downloadable mobile application.
Is AMarkets reliable?
AMarkets has proven to be a reliable and trusted exchange that has yet to be hacked.
Is AMarkets a scam?
No. AMarkets is a very legit exchange and is not a scam.