AMarkets Review 2020

AMarkets is an offshore broker providing online trading services to clients around the globe. They offer the popular MetaTrader platforms, flexible account types and a choice of trading tools along with educational materials. However, the brokers regulation is not satisfactory enough for us to consider them amongst our best trading brokers.

AMarkets Review 2020, Pros & Cons
  • MetaTrader platforms
  • Virtual Private Server (VPS)
  • Trading tools & educational resources
  • Offshore regulation
  • Clients from many countries are not accepted
  • No proprietary platforms or other choices apart from MT4
  • Not the tightest spreads

In this detailed AMarkets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

AMarkets is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including AMarkets.

AMarkets Review: Summary

AMarkets is an online trading broker that offers trading various markets via the popular MetaTrader platforms to around 350,000 clients in a limited number of countries. The broker was founded in 2007 and is registered in Saint Vincent and the Grenadines. We consider AMarkets to be an offshore broker that may not offer the same protection to clients and thus we would look for an alternative online broker.

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.

AMarkets Review: Broker Features

AMarkets Review: Broker Features

AMarkets have won some brokerage awards over the years they have been operating including Fastest Growing Forex Broker in the Middle East at the Egypt Investment Expo in 2019 and Best Educational Program at Show FX in 2011. It must be noted that we were unable to validate the quality of these awards compared to the well know industry standard awards.

AMarkets Review: Brokerage Awards

AMarkets Review: Brokerage Awards

AMarkets Review: Regulation

AMarkets is Registered by the Financial Services Authority (FSA) of Saint Vincent, with registration No. 22567 IBC 2015. It must be noted that this does not give the same protection to clients as regulation by another regulatory authority such as the FCA, CySEC or ASIC would.

AMarkets claim to keep all clients’ funds separate from the company’s operating accounts
and diversify Company’s assets among reliable global banks. They state that the brokerage is a member of the Financial Commission, which settles disputes between financial market participants, and can provide protection for each of their clients through the Commission’s compensation fund, for up to €20,000 per case.

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 clicking on the Verify My Trade Execution Certification on the official AMarkets website.

AMarkets Review: Countries

AMarkets does not provide services to citizens and residents in the countries: Angola, Armenia, Bangladesh, Benin, Botswana, Burkina Faso, Burundi, Cape Verde, Cambodia, Cameroon, Chad, Comoros, Democratic Republic of the Congo, Ethiopia, Gabon, Gambia, Ghana, Grenada, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, India, Ireland, Jamaica, Japan, Kiribati, Kosovo, Laos, Latvia, Lesotho, Liberia, Liechtenstein, Lithuania, Madagascar, Malawi, Maldives, Mauritania, Mongolia, Mozambique, Myanmar (Burma), Namibia, Nauru, Nepal, New Zealand, Nicaragua, Niger, North Korea, Paraguay, Republic of Ivory Coast, Rwanda, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Suriname, Swaziland, United States of America, Zambia and Zimbabwe. The broker states that in the case of violation of this condition, they reserve the right to block the trading account of the client.

Some AMarkets broker features and products mentioned within this AMarkets review may not be available to traders from specific countries due to legal restrictions.

AMarkets Review: Trading Platforms

AMarkets offer traders a range of the ever popular MetaTrader platforms. MetaTrader is developed by Russian 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).

MetaTrader 4 (MT4)

AMarkets Review: MetaTrader 4 Platform

AMarkets Review: MetaTrader 4 Platform

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. MT4 features include:

  • Fully customisable
  • Real time price quotes in the market watch window
  • 30 technical indicators for chart analysis
  • Charting over 9 timeframes
  • Multiple order types supported
  • User friendly interface
  • 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
  • Locking option
  • Alert notifications via SMS, email and pop-ups

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.

MetaTrader 5 (MT5)

AMarkets Review: MetaTrader 5 Platform

AMarkets Review: MetaTrader 5 Platform

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

  • Fully customisable
  • Real time price quotes in the market watch window with DOM level 2 pricing
  • 38+ technical indicators for chart analysis
  • Charting over 21 timeframes
  • 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

AMarkets Review: Trading Tools

Trading Robots

AMarkets Review: Trading Robots

AMarkets Review: 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.

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.

Autochartist

AMarkets Review: Autochartist

AMarkets Review: Autochartist

Clients of AMarkets get free access to the Autochartist market analysis software. This can be very useful to help identify chart patterns for potential trading opportunities. 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.

Trader’s Calculator

AMarkets have a 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.

AMarkets Review: 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.

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.

Trading Blog

Through the AMarkets blog users can get insights and articles about trading in financial markets from industry experts.

FAQ

The FAQ section will help you find answers to the most frequently asked questions about trading with AMarkets.

AMarkets Review: Trading Instruments

AMarkets offer the following instruments for trading via the MetaTrader platforms:

  • Forex
  • Stocks CFD
  • Metals
  • Bonds
  • Commodities
  • Indices

AMarkets Review: Trading Accounts & Fees

AMarkets accounts have a maximum leverage of 1:1000, spreads from 0.2 pips and orders executed within 0.03 seconds. The broker has a choice of 3 trading accounts which are as follows:

  • Fixed: Min $100 deposit, max 1:1000 leverage, fixed spreads from 3 pips, no commission
  • Standard: Min $100 deposit, max 1:1000 leverage, floating spreads from 1.3 pips, no commission
  • ECN: Min $200 deposit, max 1:200 leverage, floating spreads from 0 pips, commission from $2.5 per 1 lot
AMarkets Review: Trading Account Types

AMarkets Review: Trading Account Types

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 that comply with Sharia law are also available upon request.

As broker fees can vary and change, there may be additional fees that are not listed in this AMarkets review. It is imperative to ensure that you check and understand all of the latest information before you open an AMarkets broker account for online trading.

AMarkets Review: Customer Service

AMarkets customer support is available from Monday to Friday, 24 hours day. They can be contacted via email, telephone and online chat.

AMarkets Review: Deposit & Withdrawal

AMarkets have a variety of methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems such as Neteller, Perfect Money and FasaPay. 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 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 Vantage FX 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.

AMarkets Review: Trading Account Funding

AMarkets Review: Trading Account Funding

AMarkets Review: Account Opening

To open a trading account with AMarkets you simply need to fill out the short account opening form on the website and agree to their terms and conditions. You will then need to verify your personal information before a member of the account team verify your account. Once verified, you will be able to fund your brokerage account and commence trading online.

AMarkets Review: Account Opening Process

AMarkets Review: Account Opening Process

AMarkets Review: Conclusion

AMarkets has a range of trading instruments with flexible trading platforms and account types for different levels of traders. They also offer a selection of useful trading tools and educational materials to assist traders. Despite this, it is hard to look past the regulation status of AMarkets when compared to other online brokers. For this reason, we would look for an alternative option. They also do not offer any social trading platform integration. Please see our best trading brokers for alternative options.

Trading in financial instruments is a risky activity and can bring not only profits but also losses. The amount of possible losses is limited by the amount of the Deposit. The client must decide for himself whether this type of activity is suitable for him, taking into account his financial capabilities.

Min $100 Deposit

AMarkets is an offshore broker providing online trading services to clients around the globe. They offer the popular MetaTrader platforms, flexible account types & trading tools. However, regulation is not satisfactory enough for us.