AM Broker foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.ambroker.com/en, about the company's legal and temporary regulatory information, the company's address .
Am Broker, officially known as AM Globe Services Ltd., was founded in 2018 and is headquartered in Kingstown, Saint Vincent and the Grenadines. This brokerage operates as a private entity and does not have any public listings. The primary market served by Am Broker includes retail forex traders, professional traders, and institutional clients, with a focus on providing a range of trading instruments and services.
Since its inception, Am Broker has aimed to establish itself as a reliable trading partner for clients around the globe, excluding certain regions such as the United States and Japan. The company's development has been marked by the introduction of various trading accounts and the adoption of advanced trading technologies. Am Broker broker operates primarily in the retail forex space, offering services that cater to individual traders as well as larger institutional clients.
The business model of Am Broker is based on facilitating access to the forex market, enabling clients to trade various financial instruments including currency pairs, CFDs on indices, commodities, and cryptocurrencies. By leveraging technology and customer service, the broker seeks to enhance the trading experience for its clients.
Am Broker is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, under registration number 24863 IBC 2018. However, it is important to note that the FSA does not impose stringent regulations on forex brokers, which raises concerns about the safety and security of client funds. As a result, Am Broker operates as an offshore broker with limited regulatory oversight.
The lack of robust regulatory frameworks means that Am Broker does not provide the same level of investor protection as brokers regulated by top-tier authorities such as the FCA in the UK or the ASIC in Australia. The broker does not participate in any investor compensation schemes, which could leave clients vulnerable in the event of financial difficulties.
In terms of compliance, Am Broker implements basic Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. However, the effectiveness of these measures is questionable due to the broker's offshore status and the regulatory environment in Saint Vincent and the Grenadines.
Am Broker offers a diverse range of trading products across multiple asset classes. Traders can access over 100 currency pairs, including major, minor, and exotic currencies. The broker also provides a selection of CFDs on indices, commodities, stocks, and cryptocurrencies.
The CFD offerings include:
Am Broker broker continuously updates its product offerings, although specific details on the frequency of new additions are not disclosed. The broker primarily focuses on retail trading services, while also catering to institutional clients with tailored solutions.
Am Broker supports the widely recognized MetaTrader 5 (MT5) trading platform, which is known for its advanced features and user-friendly interface. The platform provides traders with robust analytical tools, multiple order types, and automated trading capabilities through Expert Advisors (EAs).
In addition to the MT5 platform, Am Broker offers:
The broker employs an ECN execution model, which facilitates direct market access and reduces the likelihood of slippage. The server infrastructure is designed to support fast order execution, although specific details regarding server locations and technological capabilities are not publicly available.
Am Broker also offers API access for automated trading, allowing traders to integrate their own trading systems with the broker's platform.
Am Broker provides several account types designed to meet the needs of different traders. The primary account options include:
Additionally, Am Broker offers a demo account that allows prospective clients to practice trading with virtual funds, providing a risk-free environment to familiarize themselves with the platform.
Leverage options at Am Broker can reach up to 1:500, allowing traders to control larger positions with a smaller capital outlay. However, this high leverage can also increase the risk of significant losses, especially for inexperienced traders.
Am Broker supports various deposit methods, including credit and debit cards (Visa and Mastercard) as well as electronic payment options such as Neteller, Fastpay, and Skrill. The minimum deposit requirement varies by account type, with the retail account requiring $1,000.
Deposits are generally processed quickly, but specific processing times are not disclosed. There are no stated deposit fees, but traders should confirm any potential costs with the broker directly.
Withdrawals can only be made through Visa or Mastercard, which has been noted as a disadvantage due to the processing time, which can take up to a week. Additionally, withdrawal requests may face delays if account verification documents are not provided in a timely manner. No specific withdrawal fees are mentioned, but traders should be aware of potential charges from financial institutions.
Am Broker offers customer support through multiple channels, including email, phone, and live chat. The support team is available 24 hours a day, five days a week, providing assistance to clients across different time zones. The primary language of support is English, with additional support available in other languages.
The broker also provides a range of educational resources, including online courses, video seminars, and market analysis tools. These resources are designed to help traders enhance their knowledge and skills, enabling them to make informed trading decisions.
Market analysis services include daily updates, research reports, and economic calendars, which are essential for traders looking to stay ahead of market trends.
Am Broker primarily serves clients from various regions, although it explicitly excludes residents from the United States, Canada, Japan, New Zealand, and European Union member states. This limitation is due to regulatory restrictions in these jurisdictions, which often have stricter oversight of financial services.
The broker's services are primarily targeted at clients in developing markets, where the regulatory environment is less stringent. However, traders should exercise caution and conduct thorough research before engaging with Am Broker, given its offshore status and lack of robust regulatory oversight.
In summary, while Am Broker offers a range of trading products and services, potential clients should carefully consider the associated risks of trading with an unregulated broker.
MrTrader
Brazil
I asked before i deposit if there was any fees and the support team answer me NO. after i deposit, i start my trades and there was a BIG SLIPPAGE AND EXECUTION TIME for each and every trade i took. Clearly they use plugins. Fine, i went to withdrawal my money and surprise 1% fee of NOWERE. I have deposit via skrill USD and when i went to withdrawal there was the only option i had ( of course) and there is a 1%fee of different currency from the one i withdrawal. I went to live chat to clarify and completely LOST OF TIME. RIDICULOUS live chat. they dont know their job nether help an issue from their side. NEVER AGAIN. DONT DEPOSIT ON THIS COMPANY. SCAM!!!!!
Exposure
2020-11-30
FX3949609030
Vietnam
Scam.
Exposure
2020-11-25
News AM Broker review discusses the broker’s features in detail
AM Forex broker offers its service to different types of traders including retail traders, professionals, and even institutional ones. It means that the broker should have a very diverse service and offerings to the traders.
FX2177465712
Nigeria
am broker is a big scam they control their server 4time for me to lose the trades and at the end they remove all my money because of inactive of 2month without notifying me.
Exposure
2021-03-17