AMarkets

AMarkets is an online broker offering leveraged trading in forex, CFDs, stocks, and other instruments. According to regulatory records, the company was founded in April 2019 and is registered in Saint Vincent and the Grenadines, with additional registration in the Cook Islands. It operates under the brand AMarkets, providing MetaTrader 4 and MetaTrader 5 to retail clients.

The broker's customer-facing website targets a global audience, including traders from Asia and other regions, with low minimum deposits as low as $10 for Asian clients. AMarkets does not hold a licence from a major financial regulator such as the FCA or CySEC; instead, it is regulated by the Mwali International Services Authority (MISA) in the Comoros, an offshore jurisdiction often associated with higher-risk forex brokers.

Our review confirms that AMarkets holds a single active regulatory licence: a Forex Trading License (EP) from the Mwali International Services Authority in Comoros, issued in 2023 with status 'Regulated'. The broker is also registered as a company in the Cook Islands with an FSC-related registry, but this is not an operational trading licence. No authorisation from a Tier-1 regulator (e.g., FCA, ASIC, BaFin) has been identified.

Traders should note that the Saint Vincent and the Grenadines registration (number 22567 BC 2015) does not confer regulatory oversight for forex activities. The reliance on an offshore licence means that client fund protection and dispute resolution mechanisms are limited compared to brokers under stricter regimes.

AMarkets offers three account types: Standard, ECN, and Zero. The Standard account has floating spreads from 1.3 pips and no commission. The ECN account offers spreads from 0.2 pips with a $2.5 commission per lot per side. The Zero account features spreads from 0 pips on major pairs and metals most of the time, with a commission of $5.5 per lot per side. All accounts provide maximum leverage of 1:3000, which is extremely high and increases risk.

Minimum deposit for Asian clients is $10 for all accounts; for other regions, it is $100 for Standard and $200 for ECN and Zero. The broker uses market execution for all account types and offers Islamic (swap-free) accounts as an option. Margins for hedged positions are set at 50%, and the stop-out level is 20%.

According to our research, AMarkets provides access to 28 forex pairs, 7 metals, 11 indices, 10 commodities, 29 cryptocurrencies, 19 ETFs, and 400 stocks. This range is moderately broad, covering multiple asset classes. The broker exclusively offers MetaTrader 4 and MetaTrader 5, both of which are industry-standard platforms known for reliability and advanced charting tools. A proprietary mobile app is also available for Android and iOS.

The broker claims order execution speeds under 0.03 seconds and a fill rate of 99.9%. While these figures are common claims among brokers, independent verification is lacking due to the absence of transparent audit reports.

Funding options include major credit cards, bank wire transfers, and cryptocurrencies such as Bitcoin, Tether (USDT), and others. The broker does not charge commission on deposits, and the minimum deposit for the Standard account is $100 (or $10 for Asian clients). Withdrawal methods are available via the same channels, with 'fast-track' processing mentioned but no specific timelines provided.

Traders should be aware that transaction times can vary depending on the method, and bank transfers may take several business days. The broker's websites lists a detailed FAQ covering common issues, but no independent audits of payment processing efficiency are available.

AMarkets appears to target both beginner and experienced traders, with its low minimum deposits and high leverage appealing particularly to retail traders in emerging markets. The availability of a demo account and Islamic account suggests an effort to accommodate diverse trading styles and cultural requirements.

However, the broker's offshore regulation and high leverage make it less suitable for conservative traders or those who prioritise regulatory protection. The company's own materials highlight growth and adrenaline, indicating a marketing focus on excitement rather than risk management.

The legal entity behind AMarkets is AMarkets LTD, registered in Saint Vincent and the Grenadines (reg. 22567 BC 2015). An affiliated entity, AMarkets LLC, is registered in the Cook Islands (reg. LLC14486/2023), and the broker's regulatory presence in Comoros is through AMarkets LTD applying for the MISA licence. The group claims over 3 million clients, though this figure is not independently verifiable.

The broker's website domain was registered in 2007 according to the company's own timeline, but our records indicate incorporation in 2019. This discrepancy suggests either a rebranding or an earlier start date for a related entity. For our review, we rely on the 2019 founding date. The company operates from 'T&F Chambers, Main Road, Rarotonga, Cook Islands' as its registered address.