Quick AMarkets Review SummaryFounded in2007Registered inSt. Vincent and the GrenadinesRegulated byNo regulationTrading Instruments500+, forex, metals, cryptocurrencies, bonds, commodities, indices, stocksDemo Account✅($10,000 virtual balance)Min Deposit$100LeverageUp to 1:3000EUR/USD SpreadFrom 0.2 pipsTrading PlatformMT4/5, AMarkets AppCopy Trading✅Deposit Fee❌Deposit and withdrawal MethodMasterCard, uzcard, bitcoin, tether, litecoin, ethereum, advcash, etceteraCustomer Service24/7 live chat, TelegramTel: +44 330 777 22 22Email: support@amarkets.comBonus 15% first deposit bonusOverview of AMarkets AMarkets is an unregulated forex broker based in St. Vincent and the Grenadines, offering various appealing trading conditions such as high leverage, and access to popular trading platforms like MetaTrader4 and MetaTrader5. It provides a wide range of trading instruments across seven asset classes, including forex, metals, cryptocurrencies, bonds, commodities, indices, and stocks. AMarkets also offers a mobile trading app for both Android and iOS users, allowing traders to access their accounts on the go.Pros and ConsProsConsWide range of trading instruments availableNo regulationMultiple account types to suit different needsCommission fees for the ECN AccountDemo accountsRegional restrictionsMT4/MT5 trading platformsNo deposit fees24/7 live chat support Note: AMarkets does not offer services to clients from American Samoa, Angola, Armenia, Afghanistan, Benin, Botswana, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Comoros, Cuba, Ethiopia, Federated States of Micronesia, Gabon, Gambia, Grenada, Guam, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Jamaica, Japan, Kiribati, Kosovo, Laos, Lebanon, Lesotho, Liberia, Madagascar, Malawi, Maldives, Mali, Marshall Islands, Mauritania, Mongolia, Montenegro, Mozambique, Namibia, Nauru, Nepal, New Zealand, Nicaragua, Niger, Northern Mariana Islands, North Korea, Palau, Palestine, Paraguay, Puerto Rico, Republic of the Congo, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Suriname, Syria, Tanzania, The United Kingdom, The United States of America, The US Virgin Islands, Venezuela, Yemen, Zambia and Zimbabwe. EU/EEA/EFTA countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland.Is AMarkets Legit or a Scam? As mentioned earlier, AMarkets is registered in St. Vincent and the Grenadines, but it is not regulated by any recognized financial authority. This lack of regulation may raise concerns for some traders regarding the safety and security of their funds. It is advisable for traders to exercise caution and conduct thorough research before engaging with unregulated brokers. It is recommended to prioritize brokers that are regulated by reputable regulatory agencies, as they provide an additional layer of oversight and protection for traders.Market Instruments AMarkets offers 500+ trading instruments, including forex, metals, cryptocurrencies, bonds, commodities, indices, and stocks.Trading AssetsAvailableForex✔Metals✔Cryptocurrencies✔Bonds✔Commodities✔Indices✔Stocks✔Options❌ETFs❌Account Types AMarkets offers a total of 4 account types: crypto, fixed, standard, and ECN. The minimum deposit to open an account is MBT10, $100, $100, and $200 respectively. It also offers an Islamic account option for traders who adhere to Islamic rules on trading. It also provides traders with a demo account, which can develop trading skills and reduce trading risk for traders. Standard: The standard account is for beginning and experienced traders. It offers a floating spread (starting from 1.3 pips), zero transaction fees for FX and metals, and supports Instant and Market execution. The minimum initial deposit requirement is $100/€100, and traders can access up to 1:3000 leverage. The trading hours start Monday at 00:00 and end Friday at 23:00 Eastern European Time (EET). The account is denominated in USD and EUR. Clients also get negative balance protection. Fixed: The fixed account has a fixed spread, so it's ideal for clients who prefer to pay a fixed amount for each trade. It is suitable for position trading. It shares many similarities with the standard account. The differences are that it has a fixed spread and offers only 28 Forex trading instruments instead of the 44 currency pairs offered by the standard account. ECN: The ECN features direct order execution at the Prime broker. It is suitable for scalping due to its swift order execution speed. The minimum deposit is $200 €200, and the spread starts from as low as 0 pips. Users of this account will pay a commission charge of $2.5 / €2.5 per 1 lot per side. It offers all trading instruments and offers negative balance protection. Stop out the requirement is 40%, while the margin for a hedged position is 50%. Crypto: The crypto account is denominated in MBT (1 MBT = 0,001 BTC) and shares similarities with the Standard account. It offers the lowest leverage (1:100) and spreads floating from 1.3 pips. Users of the Crypto account have access to all trading instruments and negative balance protection. Islamic account (swap-free): Clients who want to comply with Sharia law can ask for an Islamic account. The Islamic account is a variation of the Fixed, Standard, and ECN accounts with no swap charges or additional fees. It is not available for Crypto accounts. To use the Islamic account, open any of the supported accounts and send a request to activate the Islamic option in the Personal Area. The swap-free service does not apply to stocks, indices, cryptocurrencies, commodities, and bonds. Demo Account: AMarkets provides a demo account with $10,000 virtual balance that allows you to try out the financial markets without the risk of losing money.Leverage AMarkets provides traders with a maximum leverage of up to 1:3000, which is considered to be one of the highest leverage options available in the forex trading industry. This generous leverage can be advantageous for experienced and professional traders who are looking to maximize their potential profits. However, it is crucial to acknowledge that high leverage also carries a higher level of risk. It is important to note that the maximum leverage of 1:3000 is applicable to standard trading accounts, whereas the Crypto account offers a maximum leverage of 1:100. Traders should consider their trading strategy and risk management practices when deciding on the appropriate leverage size for their specific needs.Spreads & Commissions If you want to trade with AMarkets, we recommend that you take the time to calculate these transaction costs. As for the spread, we have given a brief explanation when describing account types. When it comes to the ECN Account, users of this account will pay a commission charge of $/€2.5 per lot per side. For the other three account types, AMarkets website shows that there are no commission fees.Trading platforms AMarkets supports MetaTrader4 and MetaTrader5 in addition to the AMarkets App it offers for iPhone and Android smartphone users. AMarkets App: The AMarkets App is an ideal solution for people who want to trade with AMarkets on the go. It is available for iPhone, iPad, and Android devices. It offers trading instruments in 7 asset classes and is available in English, Indonesian, Malay, Persian, Russian, Turkish, and Uzbek languages. Users of the app have 24/7 customer support, real-time quotes, live and demo trading, and the ability to deposit and withdraw funds. MetaTrader4: MT4 is regarded as the best trading platform for beginners and experienced traders. The app offers 30 indicators and supports 9 time frames, a locking option, and a single-thread strategy tester. It is accessible via mobile apps (iOS and Android), web terminals, and PC/MAC downloads. MetaTrader5: MT5 is an advanced version of the MT4 trading platform. It offers more indicators, time frames, and updated strategy testers compared to the MetaTrader4. It also offers partial order filling, a built-in economic calendar, embedded MQL5 community chat, 6 types of pending orders, market depth, and a hedging option. It's ideal for copy traders (social trading) and algorithmic trading. It is accessible via mobile apps (iOS and Android), web terminals, and PC/MAC downloads.Deposit & Withdrawal In terms of deposit and withdrawal, like many other brokers, AMarkets provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc. The feasible payment methods are Visa, MasterCard, USDT, Bitcoin,Litecoin, Ethereum, Advcash, Perfect Money, FasaPay, Neteller, and Topchange. Deposits are free of charge while the broker may charge withdrawal fees.Conclusion AMarkets is a global forex broker for beginners and experienced traders who want a user-friendly platform, plenty of trading instruments, and support for specialized strategies such as copy trading and algorithmic trading. It offers generous leverage, fast order execution, and direct access to global financial markets. It offers different account types for various trading needs and Islamic trading options for those who want to adhere to Sharia laws. However, it is worth highlighting that AMarkets is not regulated by any recognized financial authority. This lack of regulation may raise concerns for traders who prioritize the safety and security of their funds. It is advisable for traders to exercise caution and conduct thorough research before engaging with unregulated brokers.FAQs Is this broker well-regulated? No, it is currently not effectively regulated. Does this broker offer MT4/MT5? Yes, AMarkets offers both MT4 and MT5, as well as the proprietary AMarkets App for you to choose from. How much leverage does this broker offer? The maximum leverage of AMarkets is 1:3000. What is copy trading? Copy trading is an investment service that allows investors to earn income in the financial markets by following the strategies of experienced traders and copying their trades. Professional traders, in their turn, profit by earning commissions from using Strategies.