Atom Markets Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Risk Control
License
ASIC Regulated 
Fast trading speed, low spreads, rich variety of products, and convenient fund deposits and withdrawals. The customer service is professional and patient, making it very reassuring to use. Highly recommended for friends who want to engage in forex trading!
Summary: AM Broker has garnered mixed reviews, with some users praising its trading conditions and customer support, while others express concerns over its regulatory status and withdrawal processes. Key features include a minimum deposit requirement of $1,000 and leverage up to 1:500.
Note: It is essential to consider the varying regulatory environments and the implications of AM Broker's offshore status when evaluating this broker.
| Criteria | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 5 |
| Customer Service and Support | 6 |
| Trading Setup (Experience) | 7 |
| Trustworthiness | 4 |
| User Experience | 5 |
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding the broker's offerings.
Founded in 2018, AM Broker operates under AM Globe Services Ltd., based in Kingstown, Saint Vincent and the Grenadines. The broker offers a wide range of trading options, including forex, CFDs on indices, stocks, commodities, and cryptocurrencies. Trading is facilitated through the popular MetaTrader 5 platform, which is known for its user-friendly interface and advanced trading features. However, AM Broker is only regulated by the Financial Services Authority of Saint Vincent and the Grenadines, which raises concerns regarding its credibility and trustworthiness.
AM Broker is registered but not regulated by any major financial authority. It operates under the jurisdiction of the SVG FSA, which does not provide the same level of protection as regulatory bodies like the FCA or CySEC. This lack of regulation is a significant red flag for potential investors, as it implies limited oversight and potential risks associated with fund security. The broker does not accept clients from the United States, Japan, Canada, the EU, and New Zealand, further indicating its focus on less regulated markets.
AM Broker requires a minimum deposit of $1,000 for retail accounts, which is relatively high compared to industry standards. Accepted payment methods include credit and debit cards (Visa and MasterCard), as well as electronic payment methods such as Neteller, FastPay, and Skrill. However, withdrawals can only be made via Visa or MasterCard, which has led to complaints regarding slow processing times, often taking up to a week. This is a notable drawback for traders who value quick access to their funds.
The broker offers a 25% deposit bonus for new clients, which is an attractive feature for those looking to maximize their initial trading capital. However, the terms for withdrawing bonus funds may involve specific trading volume requirements, which could limit the actual benefit for new traders.
AM Broker provides access to a diverse range of trading instruments, including over 100 currency pairs, CFDs on 20 indices, more than 3,000 stocks, and various commodities like gold and oil. Additionally, the broker offers CFDs on popular cryptocurrencies, including Bitcoin and Ethereum. This extensive asset selection is a significant advantage for traders seeking to diversify their portfolios.
The broker advertises competitive spreads starting from 0.6 pips for retail accounts, with no commissions on forex trades. Professional accounts can access spreads as low as 0.0 pips but incur commissions on certain trades, such as $3 per lot for indices and $7 per lot for commodities. While the spreads appear attractive, the lack of transparency regarding additional fees and commissions has raised concerns among users.
AM Broker allows a maximum leverage of up to 1:500, which can be appealing for experienced traders looking to amplify their trading potential. However, this high leverage also increases the risk of significant losses, particularly for inexperienced traders. It is crucial for clients to understand the implications of using such high leverage in their trading strategies.
Traders can access AM Broker's services through the MetaTrader 5 platform, which is highly regarded in the trading community for its advanced features, including automated trading capabilities. The broker also offers web-based trading and mobile applications for iOS and Android, providing flexibility for traders who prefer to manage their accounts on the go.
As mentioned earlier, AM Broker does not accept clients from the United States, Japan, Canada, the EU, and New Zealand. This restriction is primarily due to regulatory concerns and the broker's offshore status.
AM Broker provides customer support in English, with additional language support for specific regions, including Vietnamese and Indonesian. The support team can be reached via email, phone, or live chat; however, users have reported inconsistencies in response times and overall service quality.
| Criteria | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 5 |
| Customer Service and Support | 6 |
| Trading Setup (Experience) | 7 |
| Trustworthiness | 4 |
| User Experience | 5 |
Account Conditions (6/10): The minimum deposit requirement of $1,000 is higher than average, which may deter beginner traders. However, the range of account types, including retail, professional, and institutional, offers some flexibility.
Tools and Resources (5/10): While the broker provides access to the MT5 platform and various trading tools, the lack of educational resources and transparency regarding fees limits its appeal.
Customer Service and Support (6/10): The availability of multiple contact methods is a positive aspect, but user feedback indicates that response times and service quality can be inconsistent.
Trading Setup (Experience) (7/10): The trading experience is generally favorable, with competitive spreads and a wide range of assets. However, the slow withdrawal process is a notable downside.
Trustworthiness (4/10): The unregulated status of AM Broker raises significant concerns about its reliability and the safety of client funds. This is compounded by the negative feedback regarding withdrawal issues.
User Experience (5/10): The overall user experience is mixed, with some users appreciating the platform's functionality, while others express frustration with customer support and withdrawal delays.
In conclusion, while AM Broker offers some attractive features, such as a wide range of tradable assets and competitive spreads, its lack of regulation and mixed user feedback raise significant concerns. Traders should carefully consider these factors before engaging with this broker.
