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Amega foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://client.amega.finance/register, about the company's legal and temporary regulatory information, the company's address The Cyberati Lounge, Ground Floor, The Catalyst, 40 Silicon Avenue, Cybercity, Ebene, 72201, Republic of Mauritius.

Amega Forex Broker

Basic Information

Registered Region
Mauritius
Operating Period
--
Company Name
Amega Global Ltd
Abbreviation
Amega
Company employee
--
Customer Service Email Address
support@amegafx.com
Contact Number
+23052970273
Company address
The Cyberati Lounge, Ground Floor, The Catalyst, 40 Silicon Avenue, Cybercity, Ebene, 72201, Republic of Mauritius
Keywords
2-5 years
Suspicious Regulatory License
MT5 Full License
Self-developed
Regional Brokers
High potential risk

Company profile

Broker Name AmegaRegistered CountryChinaFounded Year2014RegulationUnregulatedMinimum Deposit10 dollars or eurosMaximum Leverage1:1000Trading PlatformsMetaTrader 5 (MT5)Tradable AssetsCFD assets, including Forex, Stocks, Indices, Commodities, Precious metals, and EnergiesCommissionszero-commission SpreadsFrom 0.8 pipsDemo AccountAvailableCustomer SupportPhone and E-mailDeposit & WithdrawalSticPay, DusuPay, Skrill, Neteller Amega Information Amega Global Ltd. operates in a regulated environment and offers trading services for various CFD assets, including Forex, Stocks, Indices, Commodities, Precious metals, and Energies, with leverage up to 1:1000. They use MetaTrader 5 (MT5) and provide Islamic account options, among others. Customer support is available through phone, email, and live chat, and they accept payments via many region-based providers, including SticPay, DusuPay, Skrill, Neteller, and many more.Is Amega Legit? Amega is unregulated by any authorities. Investors should be cautious when trading with this brokerage.Pros and Cons ProsConsPopular trading instrumentsVariable spreads (from 0 pips)High Leverage Option up to 1000:1Potential fees for withdrawals (based on PSP)MetaTrader 5 (MT5) platformUnregulated statusIslamic account optionsDeposit Bonus up to 150%Cashback on every tradeNo CommissionsAccount Types Amega offers three live account options to suit different trading preferences:Standard Bonus Account: This account offers zero commissions and a bonus of up to 150%. It is ideal for those who are looking for an account with no additional charges on their transactions and a high bonus on deposits.Islamic Bonus Account: This account is designed for traders who follow Islamic finance rules, offering swap-free trading and a bonus of up to 150%. Swap-free accounts do not incur or earn swap or interest on any trades, in compliance with the prohibition of Riba (interest) in Islamic finance.Raw Bonus Account: With spreads from 0 pips, this account is ideal for those who prioritize low spreads. It also offers a bonus of up to 150% on deposits. This type of account is optimal for traders who are looking for cost-efficient trading where they can maximize their profits. Spreads & Commissions Amega spreads are subject to variation based on the chosen trading account and asset. Forex Trading: In Forex trading, spreads are relatively low. For example, the AUD/CAD pair has a spread of 0.00147. Stock Trading (as CFDs): Amega provides Stock CFDs with spreads that can vary depending on the trading account. AAPL, for instance, comes with a spread of 0.05. Indices Trading: Trading indices involves spreads that may differ based on the trading account. The ASX200, for example, has a spread of 3.1. Commodities Trading: Amega offers trading in agricultural commodities, with spreads varying by account. COCOA, for instance, features a spread of 4. Precious Metals Trading: Precious metals spreads can also vary depending on the account type. For example, XAG/USD has a spread of 0.01. Energy Trading: Energy commodity spreads fluctuate based on the trading account. NGAS has a spread of 0.013, for reference.Deposit & Withdrawal Deposit: Sticpay: Deposits using Sticpay do not incur any fees. You can fund your trading account without any additional charges. DusuPay: Deposits made via DusuPay also do not have any associated fees. You can transfer funds to your trading account at no extra cost. Skrill: Deposits through Skrill are free of charge. You can add funds to your trading account without incurring any fees. Neteller: Similar to Skrill, Neteller deposits do not involve any fees. You can deposit funds without additional costs. Amega also offers many more region-based solutions that cater to both card-payments and bank transfers, as well as some QR code options. Withdrawal: Sticpay: Withdrawals using Sticpay will be subject to a 2% fee. When you request a withdrawal, 2% of the withdrawal amount will be deducted as a fee. DusuPay: For withdrawals via DusuPay, there is a fee of 2.5% of the withdrawal amount plus an additional $3 processing fee. This means you'll be charged 2.5% of the amount you want to withdraw along with a fixed $3 fee. Skrill: Skrill withdrawals incur a flat fee of $1. Regardless of the withdrawal amount, you'll be charged $1 for each Skrill withdrawal. Neteller: Neteller withdrawals come with a fee of 1% of the withdrawal amount, with a maximum fee limit of $30. This means that you'll pay 1% of your withdrawal amount, but it won't exceed $30 as the maximum fee.Promotions Amega offers three key promotions to enhance the trading experience and provide opportunities for additional earnings:Deposit Bonus: This exciting promotion can boost your trading capital significantly. When you make a deposit, you receive a bonus worth up to 150% of the amount deposited. This allows for extended trading and potentially higher profits from increased capital.Loyalty Cashback: This promotion rewards frequent trading. For every lot you trade, you get a cashback of $1. The process is simple: continue trading, collect your rewards, and repeat. This can result in a consistent cashback income, based on the volume of your trades.STICPAY Cashback: In partnership with STICPAY, Amega offers a cashback promotion when you top up your account. After activating this offer by contacting the Amega support team and adding AMEGA on the STICPAY Cashback page, you can get up to $13 per lot for each position you open. This offer provides unlimited cashback, making it an advantageous tool to maximize your earning potential. Customer Support Customer Support at Amega is available through multiple channels for the convenience of its clients. You can contact them through phone at +357 97857441, offering a direct and immediate way to get assistance or have your queries addressed. For written communication, you can reach out to their support team at support@amegafx.com. This is the primary channel for general support inquiries, where you can expect a timely response to your questions or concerns. Live chat provides convenient access to the support team during working hours, as well as a comprehensive help center during after-hours. If you are interested in affiliate-related matters or partnerships, you can contact the Affiliate department at partner@amegafx.com. For broader inquiries related to business collaboration and career opportunities, you can get in touch via email at info@amegafx.com. Conclusion To provide a summary, Amega is an unregulated broker offering various market instruments and high leverage options. Amega providethe user-friendly MT5 platform. Various account types and bonuses are available, as well as a Loyalty Program that offers volume-based cashback on every trade, regardless of the market direction.FAQs Is Amega Global Ltd a regulated broker? Amega is regulated under the Mauritius Financial Services Commission What trading instruments are available on Amega's platform? Amega offers a variety of trading instruments, including Forex, Stocks (as CFDs), Indices, Commodities, Precious Metals, and Energy. What is the maximum leverage offered by Amega? Amega provides leverage of up to 1:1000, although the specific leverage can vary based on the chosen asset and account type. What trading platform does Amega use? Amega uses the MetaTrader 5 (MT5) trading platform, known for its user-friendly interface and advanced charting tools. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors.

Rating Index

ONE

Minimum Deposit
$20
How to login to Amega ?
Amega Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Amega Account Creating an account with Amega is a straightforward process designed to get you trading quickly. Below are the detailed steps for Amega registration

  

Amega Forex Broker - Complete Information Guide

  

1. Broker Overview

  Amega is an online brokerage firm that was established in 2017. The company is headquartered in Mauritius and operates under the name Amega Global Ltd, which is regulated by the Financial Services Commission (FSC) of Mauritius. Amega is a private entity that provides trading services primarily in the retail forex market, catering to both novice and professional traders globally.

  Since its inception, Amega has made significant strides in the online trading industry, focusing on creating a user-friendly trading environment. The broker has gained recognition for its zero-commission trading model and the provision of high leverage options, appealing to a diverse clientele. Over the years, Amega has achieved several milestones, including expanding its range of tradable assets and enhancing its trading platform to meet the evolving needs of its users.

  The company operates on a no-dealing desk (NDD) model, which means it facilitates direct market access to liquidity providers, ensuring that traders can execute trades without any interference from the broker. This operational structure is designed to provide transparency and fairness in trading conditions, allowing clients to trade with confidence.

  

2. Regulation and Compliance Information

  Amega is regulated by the Financial Services Commission (FSC) in Mauritius, holding the investment dealer license number GB 22200548. While this regulation provides a level of oversight, it is important to note that the FSC is considered a tier-3 regulator, which may not offer the same level of protection as more robust regulatory bodies such as the FCA in the UK or ASIC in Australia.

  The broker adheres to several compliance measures, including:

  • Client Fund Segregation: Amega maintains client funds in segregated accounts, ensuring that traders' capital is protected in case of any financial instability within the company.
  • KYC and AML Compliance: Amega implements strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to verify the identity of its clients and prevent illicit activities.
  • Negative Balance Protection: This policy ensures that clients cannot lose more than their deposited funds, providing an additional layer of security for traders.

  However, it is crucial for potential clients to understand the implications of trading with an offshore broker, as the investor protection measures may not be as stringent as those offered by brokers regulated in more established jurisdictions.

  

3. Trading Products and Services

  Amega offers a diverse array of trading products, allowing clients to access various markets. The primary offerings include:

  • Forex Trading: Amega provides access to over 70 currency pairs, including major, minor, and exotic pairs. This extensive selection enables traders to capitalize on various market movements.
  • CFD Products: The broker offers Contracts for Difference (CFDs) on a range of asset classes, including:
  • Indices: Traders can speculate on major global indices such as the S&P 500 and FTSE 100.
  • Commodities: Amega allows trading in various commodities, including precious metals like gold and silver, as well as energy products like crude oil and natural gas.
  • Stocks: A selection of over 25 global stocks is available for trading as CFDs, allowing traders to speculate on the price movements of well-known companies.
  • Cryptocurrencies: Amega also offers cryptocurrency trading under its unregulated entity, Amega Markets LLC.

  The broker continuously updates its product offerings, responding to market demands and introducing new instruments to enhance trading opportunities for its clients.

  

4. Trading Platforms and Technology

  Amega supports the popular MetaTrader 5 (MT5) trading platform, known for its advanced features and user-friendly interface. This platform is designed to cater to both beginner and experienced traders, offering a variety of tools for market analysis and trade execution.

  Key features of the MT5 platform include:

  • Automated Trading: Traders can utilize Expert Advisors (EAs) to automate their trading strategies, allowing for more efficient trading processes.
  • Web-Based Trading: Amega also provides a web terminal, enabling clients to access their accounts without the need for software installation, which is ideal for trading on different devices.
  • Mobile Trading: The MT5 platform is available on mobile devices, allowing traders to monitor the markets and execute trades on the go.

  Amega employs a no-dealing desk (NDD) execution model, ensuring that orders are executed quickly and without slippage, which is essential for high-frequency trading strategies.

  

5. Account Types and Trading Conditions

  Amega offers a streamlined account structure with a single account type designed to meet the needs of a diverse trading audience. The key features of this account include:

  • Minimum Deposit: Traders can open an account with a minimum deposit of $20, making it accessible to a wide range of clients.
  • Spreads: The broker offers competitive spreads starting from 0.1 pips, depending on market conditions.
  • Commission Structure: Amega operates on a zero-commission basis, meaning that clients do not incur additional fees for trade execution.
  • Leverage: The maximum leverage offered by Amega is up to 1:1000, allowing traders to control larger positions with a smaller amount of capital.
  • Minimum Trade Size: The minimum trade size is set at 0.01 lots, accommodating both small and large traders.

  For clients seeking specific trading conditions, Amega also offers Islamic accounts, which are swap-free and comply with Sharia law principles. However, Amega does not currently provide demo accounts, which may limit practice opportunities for novice traders.

  

6. Fund Management

  Amega provides a variety of deposit and withdrawal methods to facilitate seamless fund management for its clients. The available options include:

  • Deposit Methods: Amega supports several payment methods, including bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and Sticpay. Notably, there are no deposit fees charged by the broker.
  • Minimum Deposit Requirement: The minimum deposit to open an account is $20, making it accessible for new traders.
  • Withdrawal Methods: Clients can withdraw funds using the same method they used for deposits. Amega does not charge withdrawal fees, although some payment providers may impose small fees.
  • Processing Times: Deposits are typically processed instantly, while withdrawal requests are usually approved within minutes during business hours.
  • Withdrawal Limits: Amega does not specify withdrawal limits, allowing traders flexibility in managing their funds.

  This comprehensive approach to fund management enhances the overall trading experience for Amega's clients.

  

7. Customer Support and Educational Resources

  Amega prides itself on providing responsive customer support to assist traders with their inquiries and issues. The support channels include:

  • Live Chat: Available during business hours, providing real-time assistance.
  • Email Support: Clients can reach out via email for detailed inquiries.
  • Phone Support: Amega offers telephone support for urgent matters.
  • Social Media: The broker maintains an active presence on platforms like Twitter and Facebook.

  Amega's customer support operates from 07:00 to 14:00 UTC, ensuring that clients receive timely assistance. The support team is multilingual, catering to a diverse client base.

  In addition to customer support, Amega offers various educational resources to enhance traders' knowledge and skills. These include:

  • Webinars: Regularly hosted sessions covering trading strategies and market analysis.
  • Tutorials: Video guides that help users navigate the trading platform and understand market dynamics.
  • Market Analysis: Daily reports and insights to keep traders informed about market trends.
  • Trading Tools: A range of tools, including economic calendars and calculators, to assist in effective trading.

  These resources aim to empower traders, particularly beginners, with the knowledge needed to succeed in the financial markets.

  

8. Regional Coverage and Restrictions

  Amega operates on a global scale, providing trading services to clients from various regions. However, there are specific restrictions in place:

  • Primary Service Markets: Amega primarily serves clients in regions such as Europe, Asia, and Africa, where demand for online trading is growing.
  • Regional Offices: The broker's main office is located in Mauritius, providing a central hub for its operations.
  • Restricted Countries: Amega does not accept clients from certain countries, including the United States, North Korea, and Iran, due to regulatory restrictions.
  • Special Restrictions: Potential clients are advised to check local regulations to ensure compliance with their respective jurisdictions.

  In summary, while Amega offers a range of trading services, prospective clients should carefully review the broker's offerings and regional restrictions to ensure suitability for their trading needs.

  In conclusion, Amega presents itself as a competitive option in the online trading landscape, offering a range of trading products, robust customer support, and educational resources. However, potential clients should consider the risks associated with trading through an offshore broker and ensure that it aligns with their trading goals and risk tolerance.

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Latest Reviews

Aluke876

Aluke876

Singapore

Honestly, I came here largely because of its attractive deposit bonus, but I never expected that I would be lured by its competitive spreads and quick order execution. Amega is amazing! 👍👍👍 I would definitely recommend it to my friends.

Positive

2024-07-26

hold on to

hold on to

Peru

Chris Weston is great, answers questions to his articles, has great insight into the markets. Better than your own Bloomberg terminal. Webinars are fantastic from Amega. They also treat you with respect and are generally helpful with most requests. Uptime with their cTrader platform has been like 99.999%. So far its been a good experience.

Positive

2024-05-29

Happyday

Happyday

United States

Amega offers a worthwhile trading experience so far. Their support team is always ready to troubleshoot issues, and I really appreciate their prompt withdrawal process. The flexibility in trading strategies definitely adds appeal. But they could make improvements in reducing commissions on raw accounts and refining the deposit and withdrawal processes. An increase in leverage on all account types would also be beneficial. Overall, a solid platform for trading. Contact Agent Tonia for further assistance, she's very helpful!

37130

2024-05-16

Amega Forex Broker has an overall rating of 2.19, Regulatory Index 0.00, License Index 0.00, Business Index 6.30, Software Index 9.13 Risk Control Index 0.00.