General Risk Warning: Before deciding to participate in the Forex trading market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
There are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connection. Intro Forex Brokers is not responsible for communication failures or delays when trading via the Internet. Intro Forex Brokers employs backup systems and contingency plans to minimize the possibility of system failure, and trading via telephone is always available.
Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice. Intro Forex Brokers is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Intro Forex Brokers Review has taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice.
General Risk Warning: Before deciding to participate in the Forex trading market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
There are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connection. Intro Forex Brokers is not responsible for communication failures or delays when trading via the Internet. Intro Forex Brokers employs backup systems and contingency plans to minimize the possibility of system failure, and trading via telephone is always available.
Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice. Intro Forex Brokers is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Intro Forex Brokers Review has taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice.
English, Russian, Ukranian, Turkish, Farsi, Chinese, Hindi, Thai, Vietnamese, Indonesian and others
Demo Account
Yes
Pros
Low forex CFD fees
Free and fast deposit and withdrawal
Straightforward account opening
Cons
Product portfolio limited mostly to CFDs
Inactivity fee
No 24/7 customer service
Description
Amarkets Overview
AMarkets is an international company with dozens of offices in Europe and the CIS. It was established in 2007, but its structure has gone through major changes since then. Initially, the company was called AForex. Over time, the brand became a symbol of reliability and European quality service standards. Today, AMarkets is a modern ECN broker, actively developing both “trading for beginners” and professional algorithmic trading.
Regulation and Licensing
One of the best means of determining the safety of a broker like AMarkets is to establish which regulating authorities are watchdogs over its actions.
AMarkets is a member of the Financial Commission, an independent external dispute resolution organization that ensures that traders and brokers resolve their disputes quickly, efficiently, and unbiasedly. The Financial Commission provides insurance for up to €20,000 per claim from its Compensation Fund. In addition, the quality of order execution at AMarkets is audited and assessed monthly by an independent service, Verify My Trade (VMT).
Apart from being a Hong Kong Financial Commission member, AMarkets is also a professional member of the Russian Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN). Regulated brokers will not manipulate market prices, and withdrawal requests will be honored. If AMarkets violates any regulatory rules, their regulated status could be stripped.
Trading Platform
MetaTrader 4
The MT4 platform is the forex industry’s top choice for online trading, offering reliability and convenience. The platform is beginner-friendly but boasts powerful and sophisticated price analysis tools for traders of any level.
The platform includes 30 technical indicators, which are supported on 9 different time frames. There’s also a single thread strategy tester, access to global news and the option to use automated strategies with trading robots (Expert Advisors).
MetaTrader 4 can be run directly from an internet browser, or you can download it onto your Windows or MacOS computer.
MetaTrader 5
MT5 is the revised version of MT4, offering superior tools for comprehensive analysis of the markets and access to copy-trading. Traders enjoy 38 pre-loaded indicators supported by 21 time frames, a built-in economic calendar, an updated strategy tester, 6 types of pending orders, an embedded community chat, Depth of Market (DoM) and hedging options.
MT5 is also available as the Web Trader version, or the downloadable terminal for Windows and MacOS users. Both solutions offer the same features and functionality.
AMarkets Account Types
AMarkets offers traders a choice between three main accounts namely a Standard, Fixed, and ECN account. Each of these accounts has its own competitive and dynamic trading conditions following the table:
Account Type
Feature
Standard Account
Instant/market execution
A minimum deposit of 100 USD or currency equivalent in EUR.
Leverage of up to 1:1000.
Order volume starts from 0.01 lots with step 0.01.
Spreads from 1.3 pips.
Zero-commission trading.
A stop-out level of 20%
The option of opening an account either in USD or in EUR, and
The option to convert this account to that of an Islamic Account.
Fixed Account
Instant/market execution
An initial deposit of 100 USD or currency equivalent in EUR.
Leverage of up to 1:1000.
Order volume from 0.01 lots with step 0.01.
Fixes spread which start from 3 pips.
Zero-commission trading when using this account.
Stop-out level of 20%.
The option of opening a live account either in USD or in EUR, and
The option of converting this live trading account to an Islamic Account.
ECN Account
Market execution on trades
An initial deposit of 200 USD or currency equivalent in EUR.
Leverage of up to 1:200.
Order volume from 0.01 lots with step 0.01.
Floating spreads from 0.0 pips.
Commissions of $2.5/€2.5 charged per lot.
Stop-out level of 40%.
The option of opening a live account either in USD or in EUR, and
The option of converting this live trading account to an Islamic Account.
Fees, Spreads, and Commissions
Making AMarkets review, we made fees, spreads, and commissions clear:
To be able to fund your trading account, you have to complete the identity verification;
The minimum initial deposit is $100/€100;
AMarkets’ withdrawal fees vary on the payment method;
AMarkets does not charge a fee for inactive accounts;
AMarkets does not charge deposit fees.
With AMarkets, spreads start from 0.0 pips on EUR/USA. Spread types and commission fee charges with AMarkets depend on the type of live account, the financial instrument, and the market conditions. Spreads and commissions that traders can expect from AMarkets are from 1.3 pips on the Standard Account, from 3 pips on the Fixed Account, and 0.0 pips on the ECN Account. On the ECN Account, commissions of $2.5/€2.5 are charged per lot.
Thus, the AMarkets review shows that commission fees can differ depending on the trading type, financial asset type, and your trading account level.
Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. It is expressed as a ratio of 50:1, 100:1, or 500:1.
Assuming you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1. Margin is the amount of collateral to cover any credit risks that may arise during your trading operations.
It is expressed as the percentage of position size (e.g., 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin. AMarkets provides high leverage of up to 1:1000, while most brokers give maximum leverage between 1:200 and 1:400. Leveraged products, such as forex trading, magnify your potential profit and increase your possible loss.
Payment Methods
Deposits
There are plenty of payment options available, including wire transfer, bank cards and electronic payment systems such as Skrill and FasaPay. AMarkets does not charge for deposits and processing times are instant for all methods, except for bank transfers, which take 3 – 5 business days.
Withdrawals
Withdrawal fees start from 0.5% for Perfect Money and Fasapay. Bank cards are charged from 2.2% and fees for bank transfer will depend on your bank. The minimum withdrawal amount for most methods is 10 USD or EUR. Processing times are generally instant but can be up to a few hours for bank cards and up to 5 days for bank transfer.
Customer Support
As part of our AMarkets review we review customer service options, response times and AMarkets trading platform problem resolution effectiveness. AMarkets support a limited number including .
AMarkets have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Less customer support features compared to other brokers like live chat, phone and email support.
Livechat Support at AMarkets
AMarkets does not offer LiveChat Support.
Email Support at AMarkets
AMarkets does not offer Email Support.
Phone Support at AMarkets
AMarkets does not offer Phone Support.
Conclusion
AMarkets can be summarily described as a worthwhile company for potential traders and is a reliable award-winning FX broker with many years of experience in the industry, which offers a good variety of trading instruments, platforms, account types, and solutions.AMarkets is a leading online broker that provides direct access to global markets and executes nearly 10,000 trades per day, with comfortable trading conditions that include no commission and tight spreads.Each of AMarkets’ account types comes with unique features and benefits for both beginner and advanced traders and users can trade on globally recognized trading platforms.
Before starting to trade, never invest too much money in one trade and always follow the rules of risk management. Focus on long-term profits instead of short-term trading. To make the right decisions, always follow financial news and events. It is necessary to create a clear trading plan and strategy and stick to it. Use technical analysis tools to support decision making. Focus on the difference between return and risk instead of just focusing on profit.
Avoid emotional pressure when trading and stay relaxed and patient. In addition, learn and constantly improve your skills and knowledge of Forex trading to achieve success in the field.
The above notes will help you get the best results when participating in forex trading and ensure that you minimize your risks and maximize your profits.