AMarkets Forex Broker

AMarkets Review Summary Founded2007 Registered Country/RegionComoros RegulationNo Regulation Market InstrumentsForex, Metals, Cryptocurrencies, Bonds, Commodities, Indices, Stocks, and Futures Demo Account✅ LeverageUp to 1:3000 SpreadFloating from 1.3 pips (Standard account) Trading PlatformsMT4, MT5, AMarkets app Minimum Deposit$100 Bonus✅ Customer SupportPhone: +44 330 777 22 22 Email: support@amarkets.com Address: 1257 Bonovo Road, Fomboni, Comoros, KM Telegram, Facebook, LinkedIn, YouTube, Instagram Founded in 2007 and registered in the Comoros, AMarkets is an unregulated financial brokerage offering lots of trading instruments, including Forex, Metals, Cryptocurrencies, Bonds, Commodities, Indices, Stocks, and Futures. It provides four account types (Standard, ECN, Fixed, and Zero) with a minimum deposit of $100. Traders can use popular platforms like MT4, MT5, and the AMarkets app.Pros and Cons ProsCons Demo accounts availableNo regulation A wide range of productsHigh leverage risks Diverse account types Multiple customer support channels MT4 and MT5 platforms Promotions offeredIs AMarkets Legit? At present, AMarkets lacks valid regulation. Its domain was registered on Jan 29, 2019, and the current status is “client Delete Prohibited, client Renew Prohibited, client Transfer Prohibited, client Update Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.What Can I Trade on AMarkets? On AMarkets, you can trade with Forex, Metals, Cryptocurrencies, Bonds, Commodities, Indices, Stocks, and Futures. Tradable InstrumentsSupported Forex✔ Commodities✔ Indices✔ Cryptocurrencies✔ Stocks✔ Bonds✔ Options❌ ETFs❌ Mutual Funds❌Account Type AMarkets provides four types of accounts: Standard, ECN, Fixed, and Zero.The minimum deposit requirement is $100 for the ECN and the Fixed account. Account TypeSTANDARDECNFIXEDZERO Minimum Deposit$100$200$100$200Leverage The leverage goes up to 1:3000, which is pretty wild. Note that such high leverage is a double-edged sword, amplifying both profits and losses.Spreads and Commissions The Standard and Fixed accounts don't charge any commission. However, the Standard account features floating spreads starting from 1.3 pips, while the Fixed account offers wider but static spreads from 3 pips. In contrast, the ECN account provides tighter floating spreads beginning at 0.2 pips but charges a commission of $2.5 per lot per side, and the Zero account offers the tightest spreads from 0 pips with a commission starting from just $0.01 per side. Account TypeSTANDARDECNFIXEDZERO SpreadFloating from 1.3 pipsFloating from 0.2 pipsFixed from 3 pipsFloating from 0 pips Commission❌$2.5 per 1 lot per side❌From $0.01 per sideTrading Platform Trading PlatformSupportedAvailable DevicesSuitable for MT4✔WebTrader, Windows, MacOS, iPhone/iPad, AndroidBeginners MT5✔WebTrader, Windows, MacOS, iPhone/iPad, AndroidExperienced traders AMarkets app✔App Store, Google Play, APK/Copy Trading AMarkets provides a copy trading service that allows users to replicate the trades of other traders on its platform. This feature enables users to automatically execute trades based on the activities of selected traders. The company states that users retain control over their capital and offers a platform for this service with a focus on transparent fees.Deposit and Withdrawal Deposit Options Deposit OptionsMinimum DepositDeposit FeesDeposit Processing Time VISA, Mastercard, Tether, USD Coin, Binance Coin, Litecoin, Ethereum, Volet/❌Instant Bitcoin//1 hour Withdrawal Options Withdrawal OptionsMinimum WithdrawalWithdrawal FeesWithdrawal Processing Time VISA, Mastercard1 USD1.80%Up to 24 hours Tether5 USDT1 USD/EUR USD Coin1 USDC Binance Coin0.05 BNB❌ Bitcoin0.002 BTC❌ Litecoin0.1 LTC❌ Ethereum0.02 ETH❌ Volet10 USD/EUR0.50%Bonus & Promotion AMarkets provides several promotions, including a referral program (“Invite a Friend”), a raffle (“AMarkets' Grand Raffle”), and a cashback offer based on trading volume. Users can also receive a deposit bonus when switching brokers. Additionally, there's a promotion where profits from demo account trading can be transferred to a live account. Partners can also receive a 20% trading bonus by transferring affiliate rewards to their trading account and can withdraw funds without commission. Finally, AMarkets reimburses deposit fees and payment system commissions.