|Stocks, Currency pairs, Bonds, Precious metals, cryptocurrencies and more|
When it comes to online trading, there are so many brokers/sites to choose from, it can be a daunting task. Although, an option that seems to stand out from the crowd and has gained significant popularity over the years, is AMarkets. AMarkets has attracted the attention of so many people in the online trading industry. The brokerage has come a long way since its inception in 2007 and has proven to be quite lucrative for many traders. We have discovered that many traders recommend the platform, and see it advertised all over the web. Let’s find out if AMarkets is all that it’s cracked up to be in our in-depth review.
AMarkets is an international online trading brokerage offering clients a wide variety of financial products such as Forex, Metals, Commodities and CFDs, as well as major cryptocurrencies. AMarkets has built up an outstanding reputation since their launch in 2007 and have won numerous international awards across all areas of their online trading services. The AMarkets brokerage is owned and operated by AMarkets Ltd. which is based out of Montenegro with their headquarters located at #2B Moskovska St. 7th Floor, Podgorica, Montenegro. Apart from this location, AMarkets has an international presence with offices located in Almaty, Kazakhstan, Tbilisi, Georgia, Armenia, and Yerevan. These international offices allow AMarkets to provide their services to traders from all over the world. However, AMarkets does not offer their trading services to traders who reside in any of the following countries; USA, Great Britain, Japan, Lithuania, North Korea, Algeria, Myanmar and Iraq. Besides these countries, AMarkets can operate and service traders from anywhere else in the world and offers their services in over 100 different languages.
Regarding regulation, AMarkets is 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. Also, the financial credibility of AMarkets has been verified by Ernst & Young which is an international auditing company. This verification is an extraordinary step towards openness and transparency which proves the stability and trustworthiness of AMarkets. In addition to this, AMarkets competently handles over 10,000 trading transactions per day in a safe and secure trading environment which connects traders from all around the world. This makes AMarkets one of the most highly liquid and sought-after trading brokers in the industry.
AMarkets offers their traders an extensive array of financial instruments and markets to participate in trading. For instance, traders can find opportunities trading forex, precious metals, commodities, stocks, indices, and cryptocurrencies. See below, the extent of the financial assets offered.
- Stocks: 147
- Currency pairs: 50
- Bonds: 3
- Precious metals: 7
- Commodities: 11
- Cryptocurrencies: 3
- Investment portfolios: 6
Bonuses & VIP Program
AMarkets has a wide variety of promotions to attract new clients to their trading brokerage. These promotions change from time to time, but many are continuous and always implemented by AMarkets. See the available promotions and their details below.
Trading Bonus of up to 25%
Traders who replenish their account in the last days of the month can receive a 20% bonus for deposits ranging from $300 -$999 and traders who deposit over $1000 in the last days will receive a bonus of 25% on this amount. This type of promotion does not occur month after month, but rather changes into other types of promotions.
Transfer all your open orders to AMarkets
New users can transfer all their open trades to AMarkets without losing them and starting over. This is an exclusive offer in the brokerage market.
Two Bitcoins for the Price of One
When funding an account in AMarkets you get twice the amount of funds.
Other more minor promotions include:
- Zero commissions for deposits and withdrawals
- No minimum deposit trade any amount you like
- ECN accounts from only $1000
- Practice with a live demo account
- 100% initial deposit bonus for new traders
- Broker change bonus of up to 25% of initial deposit
The trading platform featured by AMarkets is the very popular and sophisticated MetaTrader 4 (MT4) platform. This platform is fully optimized and compatible with all mobile devices including tablets and smart phones for both Apple and Android devices. The mobile application is available on the Apple App Store and the Google Play Store. The MT4 app for mobile devices comes complete with all the same functionality as the desktop platforms, with some minor changes and compatibility fixes. See below, some of the things the MT4 mobile trading application for AMarkets is capable of.
- Real-time quotes of all available financial instruments
- Lightning fast order execution on advanced order types
- Detailed trading history
- Very fast and smooth interface and charts
- Sound push notifications
- Customizable charts and app color scheme
- Interactive charts with order visualization of pending orders, as well as SL and TP values on the chart
- Financial news outlet with daily news
- Online chat with any registered MLQ5 community user
- Interactive and real-time charts
- 30 of the most popular technical indicators
- 24 analytical drawing & analysis tools (lines, channels, geometric shapes, as well as Gann, Fibonacci and Elliott tools)
- View charts in 9 time frames (M1, M5, M15, M30, H1, H4, D1, W1 and MN)
- View charts in 3 different modes (bars, broken line, and Japanese candlesticks)
Deposits & Withdrawals
AMarkets provides their traders with a wide selection of deposit and withdrawal methods so that they can accommodate traders from all over the world. The deposit and withdrawal methods are the same but incur different fees and processing times for each. For instance, all deposit methods are free of charge and offer instant availability, except for Bank Wire transfers take 3-5 business days, and Bitcoin take up to 1 hour. As for withdrawal fees and processing times, they vary from method to method. See below, the available deposit and withdrawal methods offered by AMarkets, along with the withdrawal fees and processing times.
- Method: Visa, MasterCard, Prepaid Card
- Fee: 2.5% + $5 USD
- Processing time: 1 – 3 hours
- Method: SWIFT
- Fee: Depends on the bank
- Processing time: 3 – 5 business days
Electronic Payment Systems
- Bitcoin (fee: 2%, processing time: up to 1 hour)
- 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)
The customer support provided by AMarkets is exceptional and traders have many methods of contact. For instance, customer support is available 24 hours a day, 5 days a week through email, skype, live chat, telegram, and telephone. AMarkets offers multilingual support in 6 different languages and are always very helpful and friendly with their responses. Also, the support received is very quick, and if you don’t receive a response right away, there are numerous other contact methods to try. Often times the telegram support option is good to receive fast responses to simpler questions and issues. Additional methods of support include the AMarkets extensive FAQ page and comprehensive education centre. Here, AMarkets provides traders with an immense amount of informative content which has been very well organized. Overall, the customer support is quite phenomenal.
Extra Features & Resources
AMarkets goes above and beyond than most online trading brokerages by providing their clients a wide array of additional resources, information, and many options when it comes to trading and various services. For instance, traders have access to a complete education program which has been developed and designed by AMarkets to provide both beginner and experienced traders with the necessary skills and knowledge for trading successfully. The education program includes a basic course with numerous in-depth modules such as First Steps, Trading Platform, Forecasting, Conducting Transactions on Forex Market and about CFD Trading. The education section of the AMarkets website also includes an extensive trader’s glossary and library with recommended books to read. In addition to their education program, AMarkets features news stories and articles as well as market analysis and analytics on a variety of financial assets. Traders will find plenty of extra features and resources with AMarkets.
- Excellent trading platforms
- Very competitive trading fees
- Extensive array of tradeable assets
- Excellent customer support
- Support is only available in 6 different languages
- Caters more towards advanced traders
Is AMarkets regulated?
Yes. AMarkets is regulated by the Financial services Authority (FSA).
Where is AMarkets based?
AMarkets is based out of Montenegro.
How does AMarkets make money?
AMarkets charges trading fees through commissions and spreads.
How do I deposit in AMarkets account?
AMarkets accepts Bitcoin deposits, Bank Wire transfer, Credit cards and eWallets.
How do I withdraw money from AMarkets?
You can withdraw from AMarkets through Bitcoin deposits, 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.