AMarkets Review

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Founded in 2007, AMarkets is an online broker registered in Saint Vincent and the Grenadines that provides CFD trading on various markets via the popular MetaTrader platforms to clients around the globe. They have flexible account types for all types of trading strategies, including scalping and automated trading with expert advisors. I like how there is a great range of powerful trading tools freely available which can be very helpful for market analysis and finding trading opportunities. New traders will be pleased to find lots of educational materials to help them learn more about the markets whilst there are free demo accounts to put what you have learned into action. The minimum deposit to start trading is not the cheapest at $100 and I would prefer if they were regulated by a top-tier regulator.

Summary

AMarkets primarily provides brokerage services in the CIS countries, Asia and Europe. They are focused on offering high-quality services and comprehensive support to their clients and partners. They have a professional team that is committed to finding the latest innovative trading solutions and incorporating new technologies. This helps to ensure that AMarkets offer good trading conditions to their clients from across the globe. The brokers experts take an active part in various industry conferences and events, where they discuss trends and prospects of financial markets.

The broker uses advanced, high-end technologies, to provide innovation combined with practical execution. You can trade with spreads from 0.0 pips and a very reasonable commission fee. Alternatively, you can have a spread mark-up but pay no commission fee on top. I have noticed they respond to both positive and negative feedback online which shows that they are being accountable to customers, making sure that they are happy with the products and services they provide, by putting their interests first as a number one priority.

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Regulation

When it comes to choosing a broker, regulation is one of the first things that I look for. I would always feel more confident using a regulated broker as they must follow strict rules and procedures that have been put in place to protect investors. AMarkets is registered by the Financial Services Authority (SVGFSA) of Saint Vincent and the Grenadines. It must be noted that this does not give the same protection to clients as regulation by another top-tier regulatory authority such as the FCA, CySEC or ASIC would. However, it does mean that the broker is able to provide certain products and services that they may not be able to if they were using another regulator. It is important that you understand the risks of using a broker with different regulations. As an alternative option, AvaTrade are regulated in multiple jurisdictions by some top-tier regulators.

AMarkets execution quality is confirmed by Verify My Trade (VMT) and must comply with the execution standards set. The trading history is analysed by VMT on a monthly basis and every client can get access to the audit data by checking the Verify My Trade Execution Certification. This broker is also an approved member of the Financial Commission which settles disputes between financial market participants, and provides protection for each eligible client with the Commission’s compensation fund.

Countries

AMarkets does not provide services to citizens and residents in lots of countries which you can find listed on the brokers website. The broker states that in the case of violation of this condition, they reserve the right to block the trading account of the client. If you find out that they cannot serve your country for whatever reason, please feel free to find an alternative option from our broker reviews.

Platforms

AMarkets offer traders a range of the ever popular MetaTrader platforms. MetaTrader is developed by software corporation MetaQuotes and is widely considered to be the platform of choice for most online brokerages and traders of all experience levels. It is well known for its user-friendly interface, quick learning curve and abundance of built in charting tools. AMarkets offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop, web and mobile (iOS & Android). I find the platform easy to navigate and use it for both manual and automated trading. You can customise the layout to your preferences and conduct market analysis using lots of built-in indicators. I think the platform is ideal for anyone who is looking to trade online with relative ease.

MetaTrader 4 (MT4)

MT4 is considered to be amongst the best trading platforms for both new and professional traders alike. It has an intuitive interface with an array of functionality to perform plenty of trading actions from chart analysis to multiple order types. MT4 offers a good combination of convenience and functionality for trading online. It is considered the industry’s standard for online trading and is available through many brokers which can means you don’t have to learn a new platform from scratch should you switch brokers down the line.

MetaTrader 4 Platform

Some of the key MT4 features include:

• Fully customisable user-friendly interface
• Real time price quotes in the market watch window
• 30+ technical indicators for chart analysis
• Excellent charting over 9 timeframes
• Multiple order types supported
• Automated trading with expert advisors (EAs)
• Single thread strategy tester for testing EAs over historical data
• MQL coding interface to programme custom indicators, scripts, EAs, etc
• MQL community and market place to share tools and ideas with other traders
• Alert notifications via SMS, email and pop-ups

MT4 MultiTerminal

AMarkets also offer traders the MT4 MultiTerminal which is an MT4 feature that allows you to use several accounts at the same time with no need to re-login. This feature was designed specifically for traders who use several accounts, and for investment managers who manage multiple investment accounts.

MultiTerminal

MetaTrader 5 (MT5)

MT5 is a revised version of MT4 that is a more recently updated, state-of-the-art multi-asset platform. Whilst MT5 maintains most of the core features and functionality of MT4, it also has extended capabilities. This includes additional technical indicators, fundamental analysis including a built-in economic calendar, multi-currency strategy tester and more. MT5 offers advanced trading functions and superior tools for comprehensive price analysis, algorithmic trading and copy trading. Despite that, MT4 remains the platform of choose among most online traders around the globe. I don’t think you can go wrong with either platform and they are so similar, if you can learn how to use one of them you shouldn’t have any problem using the other.

MetaTrader 5 Platform

Here are some of the core features of the MT5 trading platform:

• Fully customisable interface to match your trading style
• Real time price quotes in the market watch window with DOM level 2 pricing
• 38+ technical indicators for chart analysis
• Charting over 21 timeframes (compared to 9 in MT4)
• 6 types of pending orders
• Built-in economic calendar
• Automated trading with expert advisors (EAs)
• Multi-currency strategy tester for testing EAs over historical data
• MQL coding interface to programme custom indicators, scripts, EAs, etc
• MQL community and market place to share tools and ideas with other traders
• Embedded MQL5 community chat
• Alert notifications via SMS, email and pop-ups

Tools

The MetaTrader platforms are already fully loaded with more tools than most of you will ever need. There are plenty of built-in technical indicators and drawing tools for creating complex trading strategy templates. That is not to mention the fact that you can get loads more from the MQL marketplace and even build your own in the MetaEditor interface. That being said, it is great to see AMarkets provide you with some handy tools to further enhance the online trading experience.

Trading Robots

AMarkets offer clients access to over 100 trading robots along with their overview and demonstration of their effectiveness. Whilst they claim that all Expert Advisors have been tested in real market conditions and are a part of the largest database of trading robots available, there is no guarantee that these trading robots will perform well in the future. I think that robots can be a solution for anyone who does not have the time to trade but you should manage your expectations accordingly. Most of them will never live up to the claims that they make. I do run robots myself, but they are based on my own trading strategies that I have spent countless years on developing.

VPS Servers

A virtual private server (VPS) can be used to run the MetaTrader platforms 24/7 without needing your computer switched on. They can run remotely and you can connect to the VPS at any time to check the platform. A VPS is often useful for traders who need to run automated trading strategies around the clock or who need a reliable connection to the trade server. Clients who qualify can apply for a VPS service in their AMarkets personal area under the “Services” section. I actually have my own VPS and find it to be a great tool for simultaneously running multiple instances of the MetaTrader platforms. This enables me to effectively test my automated systems on different brokers to compare trading conditions and performance. It is worth noting that you can get a free VPS from other brokers including Switch Markets.

Autochartist

Clients of AMarkets get free access to the excellent Autochartist market analysis software. This can be very useful to help identify chart patterns for potential trading opportunities. As one of the world’s top trading tools, Autochartist uses its advanced recognition engine to sift through huge amounts of data, identifying chart patterns and key price levels across a wide range of Forex and CFD instruments. With an award-winning web platform and MT4/5 plugin, you’re able to scan the markets to filter out the noise, highlight actionable trading opportunities and predict future price movement with accuracy, speed and ultimate transparency.

Autochartist

Some of my favourite Autochartist features include:

• Around the clock graphic analysis and identification of the most effective technical analysis patterns
• 16 patterns sorted by efficiency, based on the data for the past 6 years
• Automated identification of support & resistance levels
• Volatility analysis tool to optimise stop & profit levels
• Macroeconomic events with the News event trading service
• High frequency price action monitor to react quickly to price changes
• Pattern signals are automatically sent to your email

Economic Calendar

The economic calendar displays daily indicators and events that can affect the markets. These can be filtered according to your own preferences and are often used as part of a fundamental market analysis. I think this is a vital tool for making sure you know what is happening in the global markets and I would always like to check it before taking a position. I can tell you from experience that it is not nice getting caught on the wrong side of a major news release!

Trade Calculator

The broker has a quite basic trader calculator where you can choose an instrument, lot value, leverage and account currency. You will then be able to calculate the spread, cost of point, swap (short), swap (long) and margin. This can help to speed up the trade planning process which could prove to be useful if you are in a hurry or just not great with maths.

Education

Forex News

The AMarkets website shows the latest news that can have the most noticeable market impact from FXStreet news wire. Users can get real-time news and recent developments in global financial markets. FXStreet is a leading source for reliable news and real time Forex analysis. They give you access to real-time exchange rates, charts and an economic calendar.

Market Analytics

The broker offers expert daily and monthly analytical articles and reviews to help you stay on top of important market events and refine your strategy using the analytical reviews from experts. I found this to be a good way to get inspiration for some possible trade ideas that I may have otherwise overlooked.

Trading Blog

Through the AMarkets blog users can get insights and articles about trading in financial markets from industry experts. Just like with the analysis, this can be a good way to get some inspiration for your trading activity so you can make informed trade decisions.

FAQ

The FAQ section will help you find answers to the most frequently asked questions about trading with AMarkets. This is nothing ground breaking but it is nice to have everything easily accessible in one place. It also means you might not need to wait to hear back from support to get answers to your questions.

Markets

I found the broker to have a reasonable selection of financial instruments. They do cover a good variety of asset classes with something for everyone to trade. However, they are lacking when compared to some of the best brokers such as Swissquote who have thousands of trading instruments to choose from. That being said, AMarkets offer the following CFD instruments for trading via the MetaTrader platforms:

• Forex
• Stocks
• ETFs
• Commodities
• Indices
• Cryptos

Accounts

I was pleased to see the broker has a good variety of trading accounts to choose from. This means that they can cater for traders of all different styles. You can choose an account depending on if you prefer low floating spreads with a commission fee or would rather not pay a commission fee and get access to fixed spreads. The AMarkets accounts have a maximum leverage of 1:1000, spreads from 0.0 pips and orders executed within 0.03 seconds. I think the conditions on all of the accounts are decent, although I would prefer the ECN account myself as I tend to use strategies that rely on the tightest spreads possible.

The broker has a choice of main trading account types which are as follows:

Fixed Spread Account

• Min $100 deposit
• Max 1:1000 leverage
• Fixed spreads from 3 pips
• No commission fee

Standard Account

• Min $100 deposit
• Max 1:1000 leverage
• Floating spreads from 1.3 pips
• No commission fee

ECN Account

• Min $200 deposit
• Max 1:200 leverage
• Floating spreads from 0.0 pips
• Commission from $5 per standard lot

RAMM Account

This is a copy trading account option for those of you who want to copy signals from the strategies of other traders. Whilst it can be a good solution for those who do not have the time or skills to trade manually, it should be strongly emphasised that there are no guarantees on the performance of managed accounts and you should have a clear understanding of all the significant risks involved with trading online.

Demo Accounts

Demo accounts are also available which can be useful for new traders who wish to try out the different platforms available and practice their trading strategy using virtual funds.

Islamic Accounts

It is great to see the broker supports Muslim traders with Islamic accounts that comply with Sharia law also available upon request.

Support

AMarkets customer support is available from Monday to Friday, 24 hours day. They can be contacted via email, telephone and online chat. It is good to see they have responded to both good and bad feedback online. I am always impressed when a broker takes the time out to address any concerns although of course, it would be even better if there weren’t such concerns in the first place.

Funding

AMarkets have a nice variety of methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems which are my preferred choice as I find them to be the quickest way to get access to my funds. This is important in case there is some market news that I need to quickly try and capitalise on. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.

The broker states that they charge 0% commission on deposit and withdrawals which is great but external payment providers may charge fees. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. AMarkets strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your trading account. Accounts can be opened in USD, EUR & RUB. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Conclusion

Overall, there is a lot to like about this broker and the good range of trading products and services that they offer. There is a decent amount of trading instruments with flexible trading platforms, trading apps and account types for different levels of traders. They also offer a selection of useful trading tools and educational materials to assist traders with making informed trading decisions. There are copy trading solutions for those who may not have the time to trade by themselves. Despite the many positives, I think they are let down by a lack of top-tier regulation. If this matters to you, please feel free to search for an alternative in our broker ratings. Otherwise, you could try an AMarkets demo account to see if they live up to your expectations.

$100

AMarkets provide a good variety of CFD trading instruments to clients via the popular MetaTrader platforms. You can choose from flexible account types and get some powerful trading tools to help find opportunities. Social trading is also supported but the broker is not currently regulated by a top-tier regulator which may concern some.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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