AMarkets review

When dealing with money, it’s vital to cover all bases and choose reputable companies. The same advice applies to choosing a broker. There are many companies that provide broker services, but are they the best choice? Every person has specific and personalized needs, so it’s vital to take the time to research and compare. 

This review will discuss AMarkets. Founded in 2007, this company has a range of features for all trading needs. However, no company is without its possible downsides. For that reason, we will explore this broker in detail. By the end of this AMarkets review, it will be easy to make an informed choice.

TL;DR

• AMarkets offers high leverage up to 1:3000 and a wide range of tradable assets.

• Competitive ECN trading environment with fast order execution.

• Offshore regulation may be a concern for some traders.

• Mixed user reviews, with praise for trading conditions but concerns about withdrawals.

• Best suited for experienced traders comfortable with high-risk, high-reward strategies.

Criteria Breakdown

To create this AMarkets review, we needed a set of strong criteria to measure it against. To that aim, we came up with several elements that deserve attention. These include regulation, trading conditions, assets, trading platforms, customer support, educational resources, withdrawals and deposits, and user reviews. 

AMarkets: What It’s Best Known For

High Leverage and Diverse Asset Selection

AMarkets is a popular broker that, as mentioned, was founded in 2007. An offshore broker regulates it yet it is a member of the Financial Commission. For some people, this may be off putting, but it’s important to weigh up the pros and cons and make a personal decision. 

This broker offers services to clients in over 100 countries. They’re known for high leverage levels and a large range of assets to choose from. These include forex, stocks, and cryptocurrency. They also offer a range of trading platforms, along with an app for on the go trading. 

Another advantage of choosing AMarkets is language accessibility. Trading is available in several languages, making it an ideal choice for those who want to trade in their native language. While AMarkets is available to a wide number of Latin America, Asian, and African citizens, there are many limitations. Residents of the EU/EEA, and UK cannot use this broker, along with US residents. 

Features

AMarkets broker has many features for all trading abilities levels. It is an ideal choice for multilingual, international traders thanks to its multiple language support. It also offers commission-free deposits, and traders are reimbursed for any fees incurred via their chosen payment system. This is ideal for keeping trading costs low. 

Additionally, the VIP program is open to clients with at least $20,000 in an account. This status gives access to increased cashback, bonus trading funds, priority withdrawals, free VPS, and reduced swaps up to 30%.

With a range of tradable instruments and several trading platforms, AMarkets is a flexible choice regardless of trader experience. 

Pros

To fully assess AMarkets, it’s important to look at their pros and cons. In this section, we will explore the broker’s main advantages. 

High Leverage Options

One of the biggest advantages of choosing AMarkets is its leverage sizes. It offers one of the largest on the market, making big gains more likely. The standard leverage amount goes up to 1:3000, however the crypto account gives access of up to 1:100 leverage. 

Of course, the amount of leverage depends on the equity when trading in forex. For that reason, it’s important to check before making a trade, to ensure the specific leverage amount. Despite that, AMarkets certainly has one of, if not the, highest leverages in the forex world. This is one of the reasons many forex aficionados choose this broker. 

Wide Range of Tradable Assets

AMarkets offers many types of tradable instruments. This includes 44 currency pairs, 7 metals, 11 indices, 11 commodities, 2 bonds, 433 stocks, 230 ETFs, and 27 cryptocurrencies. 

This wide range makes it easier to diversify trading, therefore reducing risk. Even beginner traders can branch out from forex into cryptocurrency or beyond. This boosts skill development and creates a more enjoyable trading experience. 

Many Accounts to Choose From

In addition to a range of tradable instruments, AMarkets also offers several different account types to choose from. These are designed to suit different trading needs, styles, and preferences. There is also a Demo account which allows new users to practice without risking real money, along with an Islamic account. 

The Standard account is ideal for beginners but also for experienced traders too. It offers floating spreads from 1.3 pips, no FX and metals trading fees, and supports instant and market execution. This account requires a minimum deposit of $100, with leverage up to 1:3000. As mentioned, this is one of the highest on the market. 

Trading hours start Monday at midnight and end Friday at 23.00 EET. This account works with USD and EUR and has negative balance protection. 

The next option is a Fixed account which is a good choice for traders who want to pay a fixed amount per trade. It is also a good choice for position trading and has many similarities with the Standard account. However, this account has fixed spreads and offers 28 forex trading instruments instead of the full 44. 

The ECN account is a good choice for experienced traders. It has direct order execution and is suitable for scalping. Its execution speeds are very fast. The minimum deposit is $200, with spreads starting at 0 pips. However, this account requires commission to be paid, at $2.50 per lot per side. All trading instruments are available with this account, along with negative balance protection. 

AMarkets also offers a Crypto account, and is similar to the Standard account. This account has the lowest leverage amount at 1:100 and floating spreads from 1.3 pips. Negative balance protection is also available. 

Quality Trading Platforms

Another advantage of choosing AMarkets broker is its range of trading platforms. It offers MetaTrader 4 & 5. The first option is ideal for beginner traders, yet many experienced traders also enjoy its features. This platform has a number of analytical tools and is available via an app, web, or PC/Mac download. The app is available on both iOS and Android. 

MetaTrader 5 is the upgrade to the previous option. It has many advanced analytical and charting tools. This platform offers partial order filling, community chat, and six types of pending orders. It also has a hedging option. This particular platform is a good option for copy traders and for algorithmic trading too. Again, it is available via an app, web, and download. 

AMarkets also has its own app, ideal for trading on the go. It is available for both iOS and Android. The app supports several different languages, alongside 24/7 customer support, lime and demo trading, and the ability to withdraw and deposit funds. 

Fast Order Execution

The final advantage we identified in this AMarkets review is fast order execution. This is an important feature as it means a potentially profitable trade will never be missed. High speeds are consistent across all account types and platforms, including the AMarkets app. 

Cons

While AMarkets has many advantages, it has some clear downsides that we must highlight to give a balanced view. 

Offshore Regulation

AMarkets has offshore regulation, which means it isn’t regulated by any of the “major” regulatory bodies. In this case, it is regulated by Saint Vincent and the Grenadines Financial Services Authority (FSA). The likely reason for this is that this broker doesn’t offer its services to many European countries, and the USA and Australia. 

While offshore regulation may be concerning to some, AMarkets is a member of the Financial Commission and has been since 2013. This is an independent financial services mediator that ensures transparency and integrity of a broker. Within this, there is a compensation fund of up to €20,000 per trade claim. 

While offshore regulation may not be ideal for some, there is considerable peace of mind due to Financial Commission membership. AMarkets also has a feature called Verify My Trade. Every month, the broker opens its books to an independent third party for auditing. This ensures that the broker follows strict standards. 

Limited Educational Resources

Another potential downside of AMarkets is its relative lack of educational resources. This is quite apparent compared to other brokers with more in the way of courses, tutorials, and ebooks on offer. Experienced brokers may not be too concerned about this, but it may affect beginners who want to develop trading skills. 

Despite that, AMarkets does offer some resources, albeit limited. They have a blog and a detailed FAQ section. There are occasional webinars but these don’t focus on the basics of learning new trading skills. 

Limited Availability in Some Countries

The biggest disadvantage of AMarkets is its limited availability. It has wide reach in Latin American countries, Asia, and Africa, in fact over 100 countries. However, it isn’t available in the UK, EU, Australia, or the US to name the biggest omissions. 

This is limiting for traders and means that residents of these areas cannot benefit from the many advantages that AMarkets offers. 

Mixed User Reviews

While AMarkets has many happy customers, there are almost as many giving mixed reviews. We will discuss this further customer reviews section but the lack of educational materials is a sticking point. Additionally, offshore regulation makes some users nervous. 

Criteria Evaluation

Regulation and Safety: 3/5

Trading Conditions: 4/5

Asset Selection: 4.5/5

Trading Platforms: 4/5

Customer Support: 4/5

Educational Resources: 3.5/5

Deposit/Withdrawal Options: 3.5/5

User Reviews: 3.5/5

Community Reviews and Expert Recommendations

AMarkets receives a mixed bag when it comes to community reviews. While many users are very happy with what this broker offers, some have reservations. Many users enjoy the high leverage rates, which are among the best in the market. Customer service is also mentioned several times as being responsive and high quality. Additionally, the number of assets available is also something many users enjoy.

However, some users mention slow withdrawals on occasion, although it isn’t a constant problem. Offshore regulation is also mentioned occasionally, which makes some users a little nervous. 

Industry experts agree that AMarkets are a strong choice, with competitive trading conditions. They particularly highlight the range of accounts on offer, which cater to all users. However, they do mention that high leverages are positive, yet users should be cautious to avoid large losses. Industry experts also mention the lack of top-tier regulation. 

Price

AMarkets offer competitively priced trading, with minimum deposits starting at $100 for the Standard account. However, the ECN account requires a $200 minimum deposit. Withdrawals are free and there are no hidden fees to consider. Additionally, there is no inactivity fee either. 

Alternatives to AMarkets

AMarkets isn’t a suitable option for every single trader. For residents of countries which this broker doesn’t accept, there are several other notable options to consider. 

eToro

eToro is a highly regarded broker with top-tier regulation and many features. It offers copy trading and algorithmic trading, alongside a range of account types. Additionally, this broker has many educational resources for skill development. 

Read more in our eToro review. 

OANDA US

Established in 1996, Oanda US is a popular broker that accepts many US clients. It has a range of top quality platforms and tradable instruments on offer. Additionally, this broker offers several unique features, such as TradingView, a financial visualization platform. 

Discover more in our Oanda US review. 

Forex.com US

Forex.com is a reputable broker with low fees and a user-friendly interface. This broker accepts US clients and offers many tradable instruments. As far as educational resources go, Forex.com offers many options. 

Learn more in our Forex.com review. 

AvaTrade

Our final alternative is AvaTrade. Established in 2006, this broker is highly regarded and has strong regulatory oversight. It offers a large number of educational resources, and several platforms and an app. 

Learn more in our AvaTrade review. 

Final Thoughts

The journey toward choosing the ideal broker is long. There is no use in rushing the process as it will only lead toward the wrong decision. Time and effort is key, and reading reviews and comparisons is a positive first step. 

In this AMarkets review, we have covered a lot of ground. We have talked about the pros and cons, pricing, customer reviews, and main features. It’s important to remember that this broker isn’t available for everyone, due to geographical restrictions. However, for those who can sign up, there are many positive aspects. 

AMarkets offers high leverage and diversified assets. For that reason, it appeals to experienced traders in particular. Additionally, traders who are comfortable with high risk will enjoy the leverage amounts. However, due to the lack of top-tier regulation and educational resources, new or conservative traders may not enjoy this broker. 

Whether you decide to go with AMarkets or not, remember that the key to successful trading isn’t just about choosing the right broker. 

It’s about developing a solid strategy, managing your risk, and continually educating yourself about the markets. Forex risk management is crucial, especially when dealing with high leverage.

Ultimately, this is a personal decision. 

At TopBrokers, we have a range of resources and comparisons to help with such decisions. We also have many guides for trading, such as counter trading strategies in forex. Our aim is to share as many insights as possible, making trading more comfortable and successful.