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Rating Index

Pros

Wide range of financial instruments available for trading, including forex, CFDs, commodities, and indices.
User-friendly trading platform with good execution speed and customer support.
Competitive spreads that may appeal to traders looking for cost-effective trading options.

Cons

Lack of proper regulation, which raises concerns about the safety of funds and overall trustworthiness.
Not utilizing popular trading platforms like MT4 or MT5, which may limit features and tools familiar to many traders.
Mixed reviews regarding the broker's overall reputation and trustworthiness in the forex industry.

Amalga broker Accounts

Amalga Securities Account Type

Amalga Securities offers a variety of account types to cater to different trading needs and preferences. The primary account types include:

  • Standard Account: This is suitable for most traders, providing access to over 30 exchanges globally and more than 30,000 instruments across various asset classes including stocks, cryptocurrencies, futures, currencies, bonds, and funds.

  • Margin Account: This account allows traders to borrow funds to trade larger positions than their account balance, providing greater leverage. Margin requirements vary by instrument, with examples including:

    • AUD/USD: 0.25% margin requirement
    • BTC/USD: 25% margin requirement
    • PAMM Account: Designed for investors looking to have their funds managed by experienced traders. This account allows for pooled investments, enabling clients to benefit from the expertise of professional money managers.

    • White Label Account: For businesses looking to provide trading services under their own brand, Amalga offers a white label solution that includes a fully branded trading platform and liquidity access.

    • Amalga Securities Broker Account Opening Process

      Opening an account with Amalga Securities is a straightforward process that typically involves the following steps:

      • Choose Your Account Type: Decide which type of account best suits your trading needs (Standard, Margin, PAMM, or White Label).

      • Complete the Application: Fill out the online application form with your personal details, including:

        • Name
        • Email address
        • Phone number
        • Address
        • Date of birth
        • Verify Your Identity: Upload required documents for identity verification, such as a government-issued ID (passport or driver's license) and proof of address (utility bill or bank statement).

        • Fund Your Account: After your application is approved, you will need to fund your account. This can typically be done via:

          • Bank transfer
          • Credit/debit card
          • Alternative payment methods
          • Start Trading: Once your account is funded, you can start trading using the Amalga platform, which provides access to a wide range of financial instruments and markets.
          • For more detailed information, you can visit the official website of Amalga Securities: Amalga Securities.

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Amalga accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
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