Amarkets is an online trading broker founded in 2007 that offers trading in various markets via the popular Meta trader platforms and serves over 350,000 clients in various countries. Basically, they provide brokerage services in the CIS countries, Asia and Europe. The broker offers a range of instruments from different asset classes including Forex, indices, stocks, commodities, bonds, and metals.
Their reputation has earned them some brokerage awards to their credit, including the Fastest Growing Forex Broker in the Middle East 2019 and the Best Educational Program at show FX in 2011.
Amarkets Review Introduction
In this Amarkets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Amarkets.
Amarkets Platforms & Tools
Amarkets provide traders with the MetaTrader 4 and MetaTrader 5 platforms that are developed by Metaquotes. MetaTrader is considered to be the choice for most online brokers and traders of all experience levels. It is well known for its user-friendly interface, quick learning curve, and many built-in charting tools. Amarkets also offer traders the MT4 MultiTerminal, which allows them to use several accounts at the same time with no need to re-login.
MT5 is a revised and updated version of MT4 with extended capabilities, such as a built-in economic calendar, multi-currency strategy tester, additional technical indicators, and more. Apart from tools included within the meta trader platforms, Amarkets traders benefit from some additional tools such as Autochartist which aid in identifying chart patterns for potential trading opportunities, Economic Calendar that displays daily events that affect the markets, and Trader’s Calculator which is used in choosing an instrument, lot value, leverage, and account currency.
Amarkets Research & Education
The broker keeps their traders informed and updated on the latest developments in the online trade through various means, including the Forex News on the Amarkets’ website where users get real-time news. There is also the Market Analytics — a daily and monthly analytical articles and the Trading Blog, which has a lot of articles from industry experts about trading in financial markets. Finally, there is the FAQ section, which helps traders find answers to the frequently asked questions about trading with Amarkets.
Amarkets Trading Accounts
Amarkets has 3 trading accounts, namely:
- Fixed- $100 Minimum deposit, maximum 1:1000 leverage, fixed spreads from 3 pips, no Commission
- Standard- $100 Minimum deposit, maximum 1:1000 leverage, floating spreads from 1.3 pips, no Commission
- ECN- $200 Minimum deposit, maximum 1:200 leverage, floating spreads from 0 pips, Commission from $2.5 per 1 Lot
There is also the Demo account wherein new traders try out the various available platforms and practice their trading strategy using virtual funds.
Amarkets Account Funding
The broker offers their clients a variety of methods for depositing and withdrawing funds from their trading account. They include bank wire, credit/debit card, and online payment systems, such as NETELLER, perfect money, and FasaPay. The processing time of transactions can vary depending on the payment provider and method.
Amarkets Customer Service
Amarkets offers customer support services that are available 24/5. The support team can be contacted via email, telephone, and online chat.
Amarkets is registered with and regulated by the Financial Services Authority (FSA) of Saint Vincent with registration number 22567IBC2015. The broker execution quality is confirmed by Verify My Trade (VMT) and complies with the execution standards set.
Amarkets Review Summary
Amarkets is an online trading broker that offers trading via the MetaTrader platforms. The broker has a range of trading instruments with different account types.
It is worth mentioning that some of the trading products and services in this Amarkets review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Amarkets broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage 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.