Amiran forex broker provides various trading information, with an average trading speed of 0ms, a trading cost of null, an average slippage of , a liquidation rate of %, a spread cost of 0.00, etc
The forex market is the largest and most liquid financial market globally, with trillions of dollars traded daily. Among the numerous brokers facilitating this trading, Amiran Trade has emerged as a notable player since its inception. This review aims to provide insights into Amiran Trades offerings, trading conditions, and overall market position.
In this article, we will address three core questions:
Established | Regulatory Authority | Headquarters | Minimum Deposit | Leverage Ratio | Average Spread |
---|---|---|---|---|---|
2021 | None | Israel | $100 | Up to 1:500 | 1.5 pips |
Amiran Trade, founded in 2021, operates without a regulatory license, which raises concerns about its credibility. The broker is headquartered in Israel and offers competitive trading conditions, including a minimum deposit of $100 and a leverage ratio of up to 1:500, appealing to both novice and experienced traders. The average spread of 1.5 pips is relatively competitive compared to industry standards, where many brokers offer spreads below 1 pip for major currency pairs.
However, the lack of regulation is a significant drawback, as traders typically prefer brokers that are overseen by reputable regulatory bodies, ensuring a level of security and compliance. In comparison to other brokers in the market, Amiran Trade's trading conditions are attractive but come with inherent risks due to the absence of regulatory oversight.
Amiran Trade supports the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their user-friendly interfaces and extensive functionalities. These platforms are equipped with advanced charting tools, automated trading capabilities, and a variety of technical indicators, making them suitable for traders of all levels.
Currency Pair Category | Number Offered | Minimum Spread | Trading Hours | Commission Structure |
---|---|---|---|---|
Major Currency Pairs | 30 | 1.0 pips | 24/5 | No commission |
Minor Currency Pairs | 20 | 1.5 pips | 24/5 | No commission |
Exotic Currency Pairs | 10 | 3.0 pips | 24/5 | No commission |
Amiran Trade offers a total of 60 currency pairs, including 30 major pairs, 20 minor pairs, and 10 exotic pairs. The minimum spread for major pairs starts at 1.0 pips, which is competitive, while minor pairs have a spread of 1.5 pips. Exotic pairs, however, have wider spreads, starting at 3.0 pips, reflecting the higher volatility and lower liquidity of these currencies.
Execution speed is generally favorable on the MT4 and MT5 platforms, with many users reporting minimal slippage during high-volatility periods. However, it is essential to note that execution speed can vary based on market conditions and liquidity.
In terms of safety, Amiran Trade does not offer negative balance protection, which could expose traders to the risk of losing more than their initial investment. It is crucial for traders to exercise caution and implement risk management strategies when trading with unregulated brokers.
One effective trading strategy suitable for Amiran Trades platform is the "Breakout Trading Strategy." This strategy involves identifying key support and resistance levels on the MT4 or MT5 platforms and placing trades when the price breaks through these levels. Traders can set stop-loss orders just below the breakout point to minimize potential losses while allowing for profit-taking on favorable price movements.
In summary, Amiran Trade presents a mix of competitive trading conditions and advanced trading platforms. However, the lack of regulatory oversight and potential customer support issues may deter some traders. This broker may be suitable for experienced traders who are comfortable with higher risk levels and are looking for flexible trading conditions.
Is Amiran Trade regulated?
No, Amiran Trade operates without regulatory oversight, which poses risks for traders.
What trading platforms does Amiran Trade offer?
Amiran Trade supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), known for their user-friendly interfaces and advanced features.
What is the minimum deposit required to start trading?
The minimum deposit required to open an account with Amiran Trade is $100.
Forex trading involves significant risk and may not be suitable for all investors. You may lose more than your initial investment. It is crucial to understand the risks involved and trade responsibly.
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