Latest updated information about Amarkets Broker
Reviewed broker: AMarkets
Operated by AMarkets Ltd
Established in 2007
Location: 2b Moskovska st., 7th floor, Podgorica, Montenegro
Regulation: The broker claims to be regulated by the Financial Services Authority (FSA) of Saint Vincent under number 22567 IBC 2015, however, during this review we were unable to verify this regulation from the FSA. AMarkets is not regulated by financial regulators such as CySEC or the FCA.
ECN trading environment: available
Trading instruments: Forex, Indices, Crypto, CFDs, Metals, Bonds, Commodities
Currency pairs: 50 Currency pairs
US traders: yes
AMarkets Account, Payments and Trading Conditions
Account Types: Fixed, Standard, ECN
ACCOUNT COMPARISON
| FixedInstant execution | Standard – Best To Start withInstant execution/Market execution | ECNMarket execution | |
| Initial Deposit | $100/€100 | $100/€100 | From $200 |
| Leverage | Up to 1:1000 | Up to 1:1000 | Up to 1:200 |
| Order Volume | From 0.01 with step 0.01 | From 0.01 with step 0.01 | 0.01 – 100 lots |
| Spread | Fixed from 3 pips | Floating from 1.3 pips | Floating from 0 pips |
| Commission | no | no | $2.5/€2.5 per 1 lot |
| Stop Out Level | 20% | 20% | 40% |
| Account Currency | USD, EUR, RUB | USD, EUR, RUB | USD, EUR, RUB |
- The maximum allowed total volume of all open positions in cryptocurrency – $25 000
- On Standard accounts, all currency pairs are available in Market Execution mode upon request.
- For CFDs on Indices, Commodities, Bonds and Stocks, as well as instruments with Market execution, the spread is floating.
- On Stocks CFD commission is 0.1% (lot size*market price).
- On Indices, Commodities, Bonds CFDs commission is $10 per lot.
- On Cryptopairs comission is 0.5% per lot.
- Fixed accounts with Market execution are available in MetaTrader 5 platform only
- Commission per side
Standard Account Features
Ideal solution for both beginning and experienced traders. This account type has a floating spread and no minimum deposit requirements or any transaction fees, while it provides most of the features of a professional ECN account. Both Instant and Market execution are available for this type of account.
Fixed Account Features
The main feature of this account is that it has a fixed spread. It’s a classic choice for those who prefer to pay a fixed amount for each trade. The account suits best for position trading.
ECN Account Features
On ECN account every order is executed directly at the Prime broker. Liquidity is aggregated from the top-tier Liquidity Providers, allowing instant execution of orders of any size. The account is also good for scalping and has the fastest order execution speed, with a minimum deposit of $200.
Islamic accounts Review
Do you want to trade Forex instruments, but you can’t due to religious restrictions? We are pleased to inform you that AMarkets ensures that trading in financial markets is available to everyone and offers its clients who practice Islam and comply with the requirements of Sharia law to open a special Islamic account, free of any interest payment/charges.
Trading platforms: Metatrader 4, Metatrader 5
MT4 is rightfully considered the best trading platform among amateurs and professionals.
- 30 indicators available
- supports 9 time frames
- beginner friendly
- single thread strategy tester
- locking option
It offers a perfect combination of convenience and functionality. MT4 is the industry’s standard for online trading.
MT5 is a revised, state-of-the-art multi-asset platform.
- partial order filling
- 38 indicators available
- supports 21 time frames
- built-in economic calendar
- updated strategy tester
- embedded MQL5 community chat
- 6 types of pending orders
- market depth
- hedging option
Offers advanced trading functions and superior tools for comprehensive price analysis, algorithmic trading and copy trading.
Advanced charting: available
Technical indicators: yes
Back testing environment: yes
Expert Advisors: yes
Hedging: allowed
Scalping: allowed
One-click trading: yes
AMarkets Automated Trading, Expert Advisors and Payment Options
Automated trading: available
Demo practice account: available
Islamic swap free accounts: available
Deposit/withdrawal fees: no
Minimum deposit requirement: $100
Payment methods: Credit Cards, Wire Transfer, Perfect Money, WebMoney, FasaPay, Neteller, Skrill
Deposit accepted in USD, EUR
AMarkets Learning Material and Latest Promotions
An excellent offer for those who are ready to switch from a demo to a live account. Make a profit on your demo account and transfer it to your live trading account. It’s as simple as that!
- Open a demo account, trade successfully using virtual funds within 5 days.
- On the 5th day, lock in your profits. Open a live trading account (Fixed or Standard account in the MetaTrader 4 platform).
- Fund your live trading account for the amount equal to or greater than the profit received on your demo account.
- Contact your personal manager and ask him to add the profit from the demo account to your live trading account. Contact details of the manager are available in your Personal account area.
Bonus terms and conditions:
- The offer is only available for trading Forex instruments on Standard and Fixed accounts in MetaTrader 4 platform only.
- To get the offer, you need to fund your live trading account for the amount equal to or greater than the profit received on your demo account.
- If the profit on the demo account is more than the amount that you are ready to deposit into your live trading account, you can negotiate the bonus amount with your manager individually.
- To receive the bonus, you need to fund your live trading account no later than 5 days after you make a profit on your demo account.
- The bonus is credited only to verified clients of the company.
- Bonus is paid in the form of non-withdrawable credits and displayed in the Credit line of the MetaTrader 4 platform. Bonus funds are not added to the real funds on your account balance.
- Only closed trades are included in the turnover calculations. The minimum price change per trade – 3 pips.
- Only new trades are taken into account in calculations of the turnover. Trading account history doesn’t affect turnover calculations.
- Earned profit can be withdrawn with no restrictions, regardless of the amount of bonus funds in the account.
- The maximum amount of bonus funds per client – $10 000.
- This offer is not cumulative with any other AMarkets’ bonuses and promotions.
- Bonus funds will be available for withdrawal after reaching the required level of trading turnover*. The bonus can not be used in a “drawdown” situation. It will be written off from the client’s trading account when the “Stop out” level is reached.
- If fraudulent activity with credit funds is detected, the Company reserves the right to block the client’s trading account and write off all bonus payments from the trading account without prior notification and explanation.
*How to calculate trading turnover required for bonus withdrawal?
The turnover required for bonus withdrawal will be calculated according to the formula: bonus amount / 3 USD. That is, 3 USD per each full lot. The bonus will be available for withdrawal after fulfilling the requirements for the trading volume.
Get cashback from AMarkets
We are happy to announce the launch of a new Loyalty Program from AMarkets. AMarkets pays back part of the spread to its regular clients. The more you trade, the greater part of the spread will be returned to your trading account!
How it works?
The program has 5 levels. The higher is your level, the more cashback per lot you receive. To advance to the next level you need to reach a required monthly trading volume – 5 lots (it’s predetermined and remains unchanged for each level). Clients perform trades and get cashback for their trading activity depending on their level in the program.
Loyalty Program Conditions
- Only Standard and Fixed accounts on MT4 platform can participate in the loyalty program.
- Cashback is calculated based on the trading activity in Forex pairs and Metals.
- To advance to the next level, you need to reach a required monthly trading volume, specified in the table.
- The position holding time for each trade should be at least 3 minutes.
- The price change in each trade should be at least 10 pips.
- The cashback is credited daily to the trading account, participating in the loyalty program, in the form of a trading bonus after the position is closed.
- If a Client withdraws funds from his trading account or fails to achieve the required trading volume during the period of 30 days, the progress will be lost, and the account will return back to level 1.
- The minimum monthly trading volume to participate in the program is 2 lots
Bonuses
- To activate the Bonus, please contact your personal manager (Find Contact information in the Personal Area).
Terms and conditions:
- Maximum amount of bonus funds per client — $10 000;
- Bonus is paid in the form of non-withdrawable credits and displayed in Credit line of the MetaTrader 4 platform. Bonus funds are not added to the real funds of your account balance;
- This offer is not cumulative with any other AMarkets’ bonuses and promotions;
- Bonus funds will be available for withdrawal after reaching the required level of trading turnover*;
- Only closed trades are counted in the turnover. The minimum limit for a trade is 3 pips;
- Only new trades are taken into account in calculations of the turnover. Trading account history doesn’t affect turnover calculations;
- The bonus can not be used in a «drawdown» situation. It will be written off from the account when the «Stop out» level is reached;
- The client will have to calculate «Stop out» level himself as the MetaTrader 4 platform takes into account only real assets with no regard to bonus funds, that can’t be used during the drawdown. Therefore, you can reach your «Stop out» level sooner, than indicated in MetaTrader 4;
- Bonus for the reporting period will be cancelled, if a client fully or partially withdraws his initial deposit, the above-mentioned bonus has been calculated from;
- If fraudulent activity with credit funds is detected, the Company reserves the right to block the client’s trading account and write off all bonus payments from the trading account without prior notification and explanation.
- The offer is valid for trading Forex instruments on Standard and Fixed accounts in MetaTrader 4 platform only.
- Please, pay attention that your bonus is valid for 30 days. If your trading account has shown no activity during this period, the bonus will be cancelled.
*How to calculate trading turnover required for bonus withdrawal? The turnover required for bonus withdrawal will be calculated according to the formula: bonus amount / 3 USD. That is, 3 USD per each full lot. The bonus will be available for withdrawal after fulfilling the requirements for the trading volume.
Is AMarkets regulated?
No. They are registered as an International Business Company in Saint Vincent and the Grenadines and are members of the Financial Commission.
Where is AMarkets located?
AMarkets’s registered address is AMarkets Ltd., Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines. AMarekts is represented internationally with a European office in Montenegro as well.
How do I deposit in AMarkets account?
Funds can be deposited commission-free through bank wire transfer, credit card, Neteller, Skrill, FasaPay and WebMoney, among others.
What is the min. deposit for AMarkets?
The minimum deposit varies depending on the account being opened. Standard and Fixed Accounts require a minimum of $100/€100. The ECN Account requires a minimum of $200/€200.
What is the max leverage in AMarkets?
The maximum leverage offered by AMarkets is 1:1000 and is available on their Fixed and Standard Accounts.
How do I open an account with AMarkets?
An account can be opened at the click of a button on the AMarkets website, through clicking the ‘Create Account’ button.
Does AMarkets use MetaTrader?
Yes, AMarkets does offer MetaTrader 4 and MetaTrader 5 for Desktop, Web and Mobile.
How was the rating of Amarkets performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Amarkets FX broker performance and features.
Overall our online Amarkets review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Amarkets or you find inaccurate details Amarkets broker review please get in touch with us and the changes will be applied.
AMarkets Details
