About AMarkets
Who is AMarkets?
AMarkets is a forex and CFD broker established on 1 April 2019 and registered in Saint Vincent and the Grenadines, with its operational office at T&F Chambers, Main Road, Rarotonga, Cook Islands. The company operates under the legal name AMarkets LTD and offers trading services to a global clientele, with a particular focus on Asian markets.
The broker positions itself as a provider of flexible trading conditions, including high leverage and a wide range of instruments, accessible through popular platforms like MetaTrader 4 and MetaTrader 5. It also offers a proprietary mobile app for Android and iOS, enabling traders to manage their accounts from anywhere.
Regulation and Licensing
AMarkets is regulated by the MISA (Comoros) under a Forex Trading License (EP), with the status marked as 'Regulated'. The licence is listed in the public register, though no specific licence number is provided in the broker's disclosures.
It is important to note that the broker is based in Saint Vincent and the Grenadines, a jurisdiction known for its offshore financial services, and the MISA licence is not a top-tier regulatory approval. Traders should consider the level of regulatory oversight when choosing this broker.
Account Types
AMarkets offers three main account types to cater to different trading styles:
- Zero Account: Designed for traders who prefer raw spreads, with spreads from 0 pips and a commission of $5.5 per lot per side. This account includes 28 forex pairs, 7 metals, 11 indices, 10 commodities, 29 cryptocurrencies, 19 ETFs, and 400 stocks.
- Standard Account: A straightforward account with spreads from 1.3 pips and no commission. It offers 39 forex pairs, 7 metals, 11 indices, 10 commodities, 40 stocks, 19 ETFs, and 29 cryptocurrencies.
- ECN Account: For those seeking tighter spreads, this account has spreads from 0.2 pips and a commission of $2.5 per lot per side. It includes the same instrument range as the Standard account.
All account types offer a maximum leverage of 1:3000 and a minimum deposit of $10 for clients in the Asian region, or $100 for global clients.
Trading Platforms and Instruments
AMarkets supports the industry-standard MetaTrader 4 and MetaTrader 5 platforms, which are available for desktop, web, and mobile devices. These platforms are known for their advanced charting tools, automated trading capabilities, and user-friendly interfaces.
The broker provides access to a diverse range of tradable instruments, including forex, metals, indices, commodities, cryptocurrencies, ETFs, and stocks. The exact number of instruments varies by account type, with the Zero account offering the broadest selection, including 400 stocks and 29 cryptocurrencies.
Funding and Withdrawals
AMarkets supports deposits and withdrawals in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), reflecting its focus on cryptocurrency-based funding. This approach appeals to traders who prefer digital assets for their transactions.
The minimum deposit is set at $10 for Asian clients and $100 for global clients, making it accessible for retail traders. Withdrawal methods mirror the deposit options, allowing for a streamlined process.
Who is AMarkets For?
AMarkets is aimed at traders who value high leverage, a wide range of instruments, and the convenience of cryptocurrency transactions. Its low minimum deposit and flexible account types make it suitable for both beginners and experienced traders.
However, given its offshore regulation and the mixed user feedback, it may not be the best choice for those who prioritize strict regulatory oversight or have had negative experiences with withdrawal delays. Traders should conduct their own due diligence before committing funds.
Overview compiled by FXCanary from regulatory records and public data. full AMarkets review