AMarkets

AMarkets is a retail forex and CFD broker that was founded in April 2019 and is registered in Saint Vincent and the Grenadines, with additional corporate entities in the Cook Islands and Comoros. The broker operates under the brand name AMarkets and targets both novice and experienced traders with a range of account types and high leverage options. Despite marketing claims of operating since 2007, official records indicate a foundation date of 2019.

The broker's primary regulatory oversight comes from the Mwali International Services Authority (MISA) in Comoros, which issues a Forex Trading License. This is an offshore license not generally considered equivalent to regulation by top-tier authorities such as the FCA or CySEC. AMarkets also holds a registration with the Cook Islands Financial Supervisory Commission (FSC), but this is a business registry rather than a financial regulator.

AMarkets offers three main account types: Standard, ECN, and Zero. The Standard account is marketed as a popular choice with comfortable conditions, featuring floating spreads from 1.3 pips and no commission on currencies and metals. The ECN account is designed for experienced traders and offers spreads from 0.2 pips with a commission of $2.5 per lot per side. The Zero account targets traders seeking tight spreads, with spreads from 0 pips (on majors and metals 90% of the time) and a commission of $5.5 per lot per side.

All accounts offer leverage up to 1:3000, market execution, and a minimum deposit of $100 for Standard and $200 for ECN and Zero accounts. An Islamic (swap-free) account option is available for clients who require it. The broker supports trading in micro lots (from 0.01) and decimal pricing up to 5 digits.

AMarkets provides the popular MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices. Additionally, the broker offers its own proprietary AMarkets App, available for both Android and iOS, which has a high rating of 4.9 on the website. The app allows traders to manage accounts, deposit and withdraw funds, and execute trades on the go.

The range of tradable instruments is extensive, covering over 400 instruments across seven asset classes: 28 forex pairs, 7 metals, 11 indices, 10 commodities, 29 cryptocurrencies, 19 ETFs, and 400 stocks. This variety allows traders to diversify their portfolios within a single platform.

AMarkets holds a license from the Mwali International Services Authority (MISA) in Comoros, which is an offshore regulator. The broker's registration in Saint Vincent and the Grenadines does not imply financial regulation, as that jurisdiction does not oversee forex brokers. Similarly, the Cook Islands registration does not provide investor protection.

While the broker claims membership in the Financial Commission, this is a private dispute resolution service and not a regulatory body. Traders should be aware that funds held with AMarkets are not protected by any investor compensation scheme in major jurisdictions. The broker's FXCanary Scam Risk Score of 32/100 (Guarded) reflects the elevated risks associated with an offshore, unregulated broker.

AMarkets claims to have served over 3 million clients worldwide, though independent verification of this figure is not available. The broker offers customer support via various channels, including live chat, email, and phone. The website is available in multiple languages, indicating an international client base.

The broker provides educational resources such as a FAQ section and trading tutorials. Additionally, it has a presence on social media platforms including Facebook, Instagram, LinkedIn, and YouTube, which can be used for updates and community engagement.

AMarkets requires a minimum deposit of $100 for the Standard account and $200 for ECN and Zero accounts. It accepts deposits via multiple methods, including bank cards, cryptocurrencies (such as Bitcoin), and e-wallets. The broker states that deposits are commission-free, and withdrawals are processed quickly, though specific processing times are not disclosed.

Withdrawals can be made using the same methods as deposits, and the broker requires verification of payment methods to comply with anti-money laundering regulations. There is no mention of withdrawal fees on the website, but traders should check the terms and conditions for any potential charges.