Amitell Capital

Amitell Capital is a Singapore-registered trading firm, established on 27 August 2024. The company lists its registered address at 76B Amoy Street, Singapore 069895. It presents itself as a multi-asset broker offering access to currency pairs, commodities, stock market indices, and cryptocurrencies.

According to the limited public information available, this broker is unregulated, with no verifiable licences from any financial authority. This absence of regulatory oversight is a significant factor for any trader considering opening an account. As an editorial desk, we must state plainly that the lack of regulation elevates the risk profile substantially.

Amitell Capital offers five account tiers, each with a different minimum deposit and the same maximum leverage of 1:100. The Beginner account requires a $2,000 minimum deposit, while the Standard tier starts at $10,000. There is also a Corporate account aimed at institutions, with a $150,000 minimum, and a VIP account that does not specify a minimum deposit but still offers 1:100 leverage.

Notably, the broker provides a Test account with a $100 minimum, which could appeal to traders wanting to try the platform with minimal commitment. However, all accounts carry the same maximum leverage, which is relatively conservative compared to the 1:500 or 1:1000 offered by some offshore brokers.

The broker claims to offer trading in several asset classes including currency pairs (forex), commodity exchange products, stock market instruments, indices, and cryptocurrencies. This suggests a broad product range that could cater to different trading strategies. However, without access to the actual platform or contract specifications, traders should verify the exact instruments and their trading conditions.

It is unclear from the facts we hold whether the broker offers CFDs, spot trading, or direct market access. The mention of leverage suggests derivative products such as CFDs are likely.

Our records show no regulatory licences for this broker. While being registered as a company in Singapore is not the same as being regulated by the Monetary Authority of Singapore (MAS), the broker does not claim a MAS licence. Traders should be aware that an unregulated broker offers no recourse to a financial ombudsman or compensation scheme in the event of a dispute.

The absence of any formal oversight is a major red flag. FXCanary's Scam Risk Score for this entity is 75 out of 100, indicating a severe risk level.

At the time of writing, there are no independent user reviews or testimonials available for Amitell Capital. This lack of feedback is common for very new brokers but also makes it impossible to gauge trader experiences. The absence of third-party information means traders have only the broker's own marketing to rely on.

Given the firm's recent establishment (August 2024) and the high minimum deposits for most accounts, traders should exercise extreme caution. We recommend searching for independent reviews and checking with regulatory bodies before committing funds.

Based on the account structure, Amitell Capital appears to target both retail traders (Beginner and Standard accounts) and high-net-worth or institutional clients (VIP and Corporate accounts). The Test account at $100 minimum is an entry point for new traders.

However, the high barrier to entry for the Standard account ($10,000) and the lack of regulatory oversight suggest this broker is not suitable for inexperienced traders seeking a safe environment. It may appeal to experienced traders willing to accept higher risk for potentially higher rewards.