It can be an overwhelming task when choosing a viable online trading brokerage to trade with and it’s hard to make an important decision when there are so many viable options. This couldn’t be truer than with online forex and CFD brokers. The market is saturated with online platforms offering these services.
The problem is, some of these brokers cannot be trusted and may be fraudulent. We want to make your decisions easier by shining light on the popular online trading brokerage known as AMarkets. This broker has gained a massive following and interest over the years and is accepting traders from all over the world. Let’s delve in this in-depth review as we uncover the facts and aspects of this lucrative online trading brokerage.
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Company Information
AMarkets is a very successful and well established online trading brokerage offering traders flexible and comprehensive brokerage services for the trading of an extensive array of investment products. AMarkets was initially founded in 2007 as Adrenalin Forex, but later changed their name to AMarkets. The company is owned and operated by AMarkets Ltd. and others.
While AMarkets is an international trading brokerage who is accepting of traders from all over the world, there are countries in which they do not accept traders from including the United States, Great Britain, Japan, Lithuania, North Korea, Algeria, Myanmar and Iraq. AMarkets does not serve these countries because they can not legally serve them due to their different regulatory obligations. AMarkets is licensed and regulated by the Financial Services Authority (FSA) of Saint Vincent with license number 22567 IBC 2015. As well, AMarkets is a member of an international dispute resolution organization known as the Financial Commission. This membership provides clients protection for up to $20,000 through the Commissions compensation fund. Also, the financial credibility of AMarkets has been verified by Ernst & Young which is an international auditing company. With all these regulatory compliances and partnerships, AMarkets is proven to be a safe, secure, and transparent online trading brokerage.
We’ve established that AMarkets is a reputable, regulated and well established online trading brokerage, but have they won any awards for their services? Yes, they have won numerous prestigious awards for their services, see some of their most notable awards listed below.
- Best Copy-Trading Platform Nigeria International Business Magazine Awards 2021
- Best Affiliate Program International Business Magazine Awards 2021
- Best IB Program World Forex Award 2021
- Best Value Broker – Middle East Global Forex Awards 2020
- Fastest Growing Forex Broker in the Middle East Egypt Investment Expo 2019
- Best Forex Introducing Broker Program Award JFEX Awards 2019
- Best affiliate programs on the financial markets RACE Awards 2016
- Best educational program Show FX 2011
- Best Execution Speed IAFT Awards 2014
- Best FOREX broker on the affiliate programs market RACE Awards 2015
- Dynamic development IAFT Awards 2012
- Discovery of the Year Newsland 2009
- Fastest growing STP broker Asia 2013
- Highest Clients` Success Rate IAFT Awards 2014
- Dynamic Development IAFT Awards 2017
Trading Platforms
Since AMarkets services such an extensive array of traders from all over the world, they offer the ever popular MetaTrader 4 (MT4) trading platform as it is the most well-known and recommended trading platform in the world. In addition to this platform, AMarkets gives traders the option to use the upgraded MetaTrader 5 (MT5) platform as well. Both these platforms are highly sophisticated with a highly advanced charting package, numerous technical indicators and a whole suit of drawing and technical analysis tools. One of the more advanced features of these platforms is the integrated MQL4 programming language which allows traders to implement custom trading strategies. As well, the MT4 and MT5 platforms support automatic trading known as “Expert Advisors” or (EAs) which are programmable trading strategies that can be executed automatically.
In addition to the two platforms mentioned above, AMarkets supports the MT4 WebTrader platform which allows traders to login and trade from any computer or mobile device without the need to download any software. Also, AMarkets supports copy trading through RAMM copy-trading platform. All in all, AMarkets provides their clients with an extensive array of trading platforms that are sure to meet their individual trading needs.
Assets Available
AMarkets offers their traders a wide array of financial instruments to trade across numerous lucrative global markets. For instance, traders can find opportunities trading forex, precious metals, commodities, stocks, indices, and cryptocurrencies. See below, the extent of the financial assets offered in each of these markets.
- Stocks: 165
- Currency pairs: 45
- Bonds: 2
- Precious metals: 7
- Commodities: 11
- Cryptocurrencies: 5
- Indices: 16
Bonuses & VIP Program
AMarkets provides their traders with very enticing bonuses and promotions which are not commonly found on many other professional online trading brokerages. Often times, online trading brokers who are not very reputable offer clients enticing bonuses and promotions to attract new and existing customers to deposit funds and trade with them. AMarkets does the same, however, AMarkets is a reputable and trustworthy online trading brokerage. Therefore, the bonuses and promotions they offer really are good and highly enticing. See the available bonuses and promotions listed below.
- End of month Trading bonus of up to 25%
- Transfer your trading account to AMarkets and keep all your open trades
- Zero commissions for deposits
- ECN accounts from only $200
- Practice with a live demo account
- 100% initial deposit bonus for new traders
- Cashback Loyalty program: receive up to 14 EUR back to your account
RAMM Copy Trading
RAMM is one of the most popular AMarkets services. It is a copy-trading service that allows investors to make money in the financial markets by following the strategies of experienced traders. The system transmits trading signals from the source (i.e. managing trader) to the recipient (i.e. the investor). The signal when a trader opens or closes a trade is copied to the investor’s account automatically. So the investor does not need to open trades manually.
RAMM utilizes a modern platform with a user-friendly interface. Clients can use both a web-based version of the platform or a mobile application. An investor can choose a trading strategy based on various parameters such as profitability, commission%, number of investors, age of the strategy, etc. At the same time, the investor’s funds always remain in his account. He has full control over the investment and can pause the copying process at any time. In the news section of its website, AMarkets publishes the top five best-performing RAMM strategies that showed the greatest profitability at the end of the month.
AMarkets clients can also create their own strategies in the RAMM system and earn additional income from the investments. The trader himself determines the fee rate and commission for copying his strategy. Follow this link to learn more about the RAMM Copy Trading service.
Mobile
As mentioned earlier, AMarkets provides their clients with a wide selection of trading platforms including the MetaTrader 4, 5, and WebTrader trading platforms, and all of these platforms are fully compatible and available for mobile devices including smart phones and tablets. The mobile apps are available for download on the Apple App Store and the Google Play Store. All of the mobile platforms have been fully optimized to work on mobile devices and support the same basic tools and features as the desktop trading platforms. Moreover, you can download AMarkets app on the Apple App Store and the Google Play Store to verify and top up your trading account easily using only your smartphone.
Deposit & Withdrawals
Depositing and withdrawing funds with AMarkets is simple and easy, and like anything else with this online trading brokerage, there are plenty of options. See below, the supported deposit and withdrawal methods along with their associated fees and processing times.
Plastic Cards
- Method: Visa, MasterCard, Prepaid Card
- Deposit Fee: Zero commission
- Deposit Processing time: instant availability
- Withdrawal Fee: 2.5% + $5 USD
- Withdrawal Processing time: 1 – 3 hours
Bank Wire
Deposit and withdrawal fees and processing times are the same for this method. See the details below.
- Method: SWIFT
- Fee: Depends on the bank
- Processing time: 3 – 5 business days
Electronic Payment Systems
All deposits for e-payment systems are free and funds are processed instantly. As for withdrawals, see the details below.
- Perfect Money (fee: 0.5%, processing time: 1 – 3 hours)
- WebMoney (fee: 0.8%, processing time: instant availability)
- FasaPay (fee: 0.5%, processing time: 1 – 3 hours)
- Union Pay (fee: 0%, processing time: up to 3 business days)
- Skrill (fee: 1%, processing time: 1 – 3 hours)
Customer Support
The customer support offered by AMarkets is truly exceptional. It’s easy to tell that they care about the success of their clients and they show this through their high level of customer support. Support representatives can be reached via a variety of methods including email, skype, live chat, telegram, and telephone. These support methods are available 24 hours a day, 7 days a week. Clients have reported the support via these methods to be very helpful and prompt with their responses. Also, AMarkets has even won awards for their supreme level of customer support. All in all, AMarkets has superb customer service and is some of the best we’ve seen in the online trading industry.
Extra Features & Resources
As mentioned before, AMarkets is dedicated to helping their clients succeed. One of the ways they do this is by providing them with a wide range of additional features and resources. One of which is the comprehensive education portal. Here, both beginner and experienced traders can further their trading knowledge by participating in the AMarkets educational courses. Also, traders have access to an extensive trading glossary and library of recommended books. Other resources available to traders include various market sentiment indexes, an economic calendar, a news outlet, and various other informative content throughout the AMarkets website.
Verdicts
Pros
- Excellent array of trading platforms to choose from
- Superior customer service
- Regulated and trusted broker
- Wide selection of tradeable assets
Cons
- Support is only available in 6 languages
FAQ
Is AMarkets regulated?
Yes. AMarkets is regulated by the Financial services Authority (FSA).
Where is AMarkets based?
AMarkets is based out of Saint Vincent and the Grenadines.
How does AMarkets make money?
AMarkets charges trading fees through commissions and spreads.
How do I deposit in AMarkets account?
AMarkets accepts Bank Wire transfer, Credit cards and eWallets.
How do I withdraw money from AMarkets?
You can withdraw from AMarkets through Bank Wire transfer, Credit cards and eWallets.
Can I trade on AMarkets with my mobile device?
Yes, you can use your mobile device to trade on AMarkets through their downloadable mobile application.
Is AMarkets reliable?
AMarkets has proven to be a reliable and trusted exchange that has yet to be hacked.
Is AMarkets a scam?
No. AMarkets is a very legit exchange and is not a scam.