AMarkets Forex Broker Review

amarkets broker

Amarkets is the finance broker that is part of the big international holding AF Markets LTD. Header office of Amarkets is located in Montenegro. Amarkets is regulated by an independent regulatory called The Financial Commission.

AMarkets is a member of the category of “A” The Financial Commission that is independent committee practices settlement of quarrels between the broker and its clients. That provides good work of broker, clearly interacting with him and that delivering an amends fund in the amount of 20 000 € on each trader’s dispute.

amarkets broker review

The broker also has a license of organization FSA (№22567 IBC 2015). Every month broker performs an audit in independent service called Verify My Trader. This organization inspects all brokers that count in a member of The Financial Commission. The certificate is proof of passed audit.

Trading conditions:

There are four types of account in Amarkets that can use by traders.

1. Standard – this type of account provides a wide of options and optimal terms for work. It’s a perfect solution for all traders.

  • The minimum deposit is $100
  • Leverage up to 1:1000
  • Floating spread from 1.3 pips
  • There is no commission
  • Stop out rate – 20%
  • Margin Call rate – 50%
  • Type of execution orders – market and instant

2. Fixed – main feature – fixed spreads

  • Leverage up to 1:1000
  • There is no commission
  • Fixed spreads – 3 pips
  • The minimum deposit is $100
  • Stop out rate – 20%
  • Margin Call rate – 50%
  • The type of execution – instant

3. ECN – this type of account has designed for professional traders of the Forex market that eager to get interbank liquidity of first level working according to STP technology.

  • The minimum deposit is $200
  • Leverage up to 1:1200
  • Floating spread from 0 pips
  • Stop out rate – 40%
  • Margin Call rate – 70%
  • Type of execution orders – market

4. Bitcoin – this type of account can open from user account interface

  • The minimum deposit is $200
  • There is no minimum deposit
  • Leverage up to 1:100
  • Floating spread from 1.3 pips
  • Stop out rate – 20%
  • Margin Call rate – 50%
  • There is no commission

amarkets broker review

At the moment of writing this article is available for traders three following platforms:

1. Meta Trader 4. It is a well-recognized platform for Forex that contains the best of everything you need for trading and analysis. Indicators, a convenient graphic of time frames forex, can be used strategies.

2. Meta Trader 4 MultiTerminal – this software is graded for various platforms including IOS and Android. That is the best solution for these traders who want to manage their trade on a different type of accounts at the same time.

3. MetaTrader 5 – conceptually new version of terminal that has a big line of useful functions like a Depth of Market, wide spectrum of timeframes, economic calendar, multithread tester of strategies, and so on.

Spreads

For major currencies, the range of floating spreads can be various from 0,1 to 1,2 basis pips. For exotic currencies spreads start at 10 pips. Value of spreads are relatively small, but at the moment of publication important news, they can grow up to 1,5 time.

amarkets broker review

Full list with data of spreads you will find here.

Order execution speed

Ultimate results of monitoring accounts are showing average value delay 1.35 s and it is very good. The ECN type of account can show off rate of 0.03 s. However if to scrape reviews of platforms from the network then we will be watching there are large of slippage occurs when a market order is executed or a stop loss closes the position at a different rate than set in the order. The rate of slippage is about 1-3 s at the moment of high server load.

It is worth noting that if in slippage time is occurring the deal, and at the same time the price has passed more than 3 basis pips the Meta Trader will notify you about essential price change and ask for confirmation of the order.

Account deposit and withdraw

For execution of operations with funds there are 13 options payment systems:

  • VISA/Mastercard
  • Bank Wire
  • Bitcoin wallet
  • Perfect Money
  • Yandex Money
  • WebMoney
  • QIWI
  • Skrill
  • Neteller

The company will compensate the commissions of deposit funds and while withdraw keep the reward for payment systems only. Through ePayments, all withdrawals alike not be kept rewards. The max time to withdrawal across Bank wire is 5 business days and for the rest systems, it is up to 3 working hours.

amarkets forex broker review
amarkets forex broker review

Terms for Beginners

  • Amarkets demo account. This type of account is available for Meta Trader 4 and Meta Trader 5.
  • Minimum Capital Required to Start is $10 000.
  • Minimum deposit – $100
  • Extended learning blocks that consist of basic course learning, webinars, conferences, a toolkit of trading strategies, etc.
  • Newsletters and analytical tape that is upgrading in real-time.
  • Laboratory with the data of statistics about a widening of spreads, quotes of archives, rate of successful positions that are specified by a robot.
  • Quality customers support

PAMM Service

As noticed early AMarkets trying to attract the maximum amount of clients and not left without attention investors for that was designed special section where they can familiarise yourself with managers, their trades and detailed information about their profitability. Additionally, in site realized PAMM-calculator that will choose some of the managers based on investor’s needs for risk diversification.

And now let’s look at information about managers more detailed. What there are on site?

1. Rating. Trader positions are depended on investor assessment. There is not any automatic

manager’s allocation in rating, in this regard this rating can be deemed reliable, clear and useful;

2. Duration of trade is expressed by days

3. Maximum drawdown

4. Maximum profitability

Based on experience, I would not recommend pay attention to high profitability, and instead of this to check the duration of existence, the curve of growing deposit, terms for investing. Special attention should forward to the curve of growing deposit because it will be better if it will be showed small grow instead of sharp spikes of high-risk managers.

AMarkets Forex Broker Reviews

Of course, a high level of competitively gives a start of plenty amount of fake reviews about AMarkets. Among all reviews and comments about the company substantially more positive feedback than negative ones. Basically, users are praised AMarkets for trading conditions, support, interface, and adaptation for each client while a negative has concentrated about spreads and difficulty of verification. However, it should be noted that really the process of verification very simple and will take for several hours.

Finally it should be noted that AMarkets is a reliable forex broker with more than 10 years of history and thousands of satisfied customers.

Welcome to Amarkets >>>

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