AMarkets

AMarkets is an online forex and CFD broker that operates under the AMarkets brand. According to our records, the company was founded in 2019 and is registered in Saint Vincent and the Grenadines, with an additional registration in the Cook Islands. The broker holds a Forex Trading License from the Mwali International Services Authority (MISA) in Comoros, which is listed on its website as a regulatory body. However, it is important to note that the broker's own website claims to have been providing service 'since 2007,' a discrepancy that potential traders should be aware of.

The broker's official domain is amarkets.com, and it offers its services globally, with specific accommodations for the Asian region, such as a lower minimum deposit of $10. AMarkets primarily targets retail traders seeking high leverage and a wide range of trading instruments, including forex, metals, indices, commodities, cryptocurrencies, ETFs, and stocks.

AMarkets is registered with the Mwali International Services Authority (MISA) in the Comoros under license number T2023284. MISA is an offshore regulator that provides licensing for international brokerage and clearing companies. While this license indicates that the broker is supervised, it does not offer the same level of investor protection as regulation by top-tier authorities such as the FCA or CySEC. The broker also states that its entity in the Cook Islands is registered with the Financial Supervisory Commission (FSC), though this entity's role in client fund protection is not clearly defined.

In addition, AMarkets claims membership with the Financial Commission, an external dispute resolution service that covers its clients up to a certain amount. However, this is not a substitute for formal regulatory compensation schemes. Our FXCanary Scam Risk Score for AMarkets is 32 out of 100, indicating a guarded risk level, primarily due to its offshore regulation and the discrepancy in its claimed founding date.

AMarkets offers three main account types: Standard, ECN, and Zero. The Standard account has spreads from 1.3 pips with no commission, suitable for beginners and casual traders. The ECN account provides spreads from 0.2 pips with a commission of $2.5 per lot per side, appealing to more experienced traders who prefer lower spreads. The Zero account features spreads from 0 pips on majors and metals 90% of the time, with a higher commission of $5.5 per lot per side.

All accounts offer leverage up to 1:3000, which is exceptionally high and carries significant risk, especially for inexperienced traders. The minimum deposit for global clients is $100 for Standard and $200 for ECN and Zero accounts, but for clients in Asia, the minimum deposit is reduced to $10 across all accounts, making it highly accessible. The broker also provides Islamic (swap-free) accounts upon request.

Traders at AMarkets can choose between MetaTrader 4 (MT4) and MetaTrader 5 (MT5), industry-standard platforms known for their advanced charting tools, automated trading capabilities, and user-friendly interfaces. The broker also offers a proprietary mobile app for both Android and iOS, which it rates highly on its website. The mobile app allows traders to manage accounts, execute trades, and access markets on the go.

The broker boasts a diverse range of trading instruments, including 44 forex pairs, 7 metals, 11 indices, 10 commodities, 29 cryptocurrencies, 19 ETFs, and 400 stocks. This wide selection allows traders to diversify their portfolios and explore various markets. However, the exact number of instruments may vary, and some asset classes, such as bonds, are mentioned in the company description but not explicitly listed on the account types page.

AMarkets supports various payment methods, including bank cards, cryptocurrencies like Bitcoin, and stablecoins like Tether (USDT). The broker claims to process withdrawals quickly and without fees, but specific processing times are not disclosed on its website. Clients may need to verify their payment methods before transacting, which is standard practice among brokers.

Customer support is available through the website's contact form and social media channels. The broker also maintains an FAQ section covering common questions about deposits, withdrawals, and account management. While the website does not explicitly mention phone support, its active social media presence suggests multiple channels for assistance.

AMarkets is best suited for traders who are comfortable with offshore regulation and seek high leverage, low spreads, and a wide range of instruments. The low minimum deposit in Asia makes it particularly accessible to retail traders in that region. Experienced traders may appreciate the ECN and Zero accounts for their tighter spreads and faster execution.

However, the broker is not suitable for traders who prioritize strict regulation from top-tier authorities, such as those in the EU or UK. The high leverage of up to 1:3000 can amplify losses, making it risky for beginners. Additionally, the discrepancy in the broker's claimed history and its offshore registration may raise concerns for risk-averse investors.