AMarkets-Overview of Minimum Deposit, Leverage, Spreads

General Information

AMarkets, a trading name of AMarkets Limited, is allegedly a broker based in Saint Vincent and the Grenadines since 2007, claiming to provide its clients with the industry-standard MetaTrader5 trading platform, leverage up to 1:1000 and variable spreads on 400 tradable financial products.

Market Instruments

AMarkets advertises that it offers 400 trading instruments in financial markets, including forex currency pairs, shares, metals, indices and bonds.

Account Types

From the information revealed on the home page of AMarkets official site, we only know this broker offers demo and live account types, as well as an ECN account, but we have no way to know something more specific about account types in the absence of login.

Leverage

The maximum leverage ratio provided by AMarkets is much higher than most brokers, up to 1:1000. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads are influenced by what type of accounts traders are holding. AMarkets reveals that the spreads start from 0.2 pips, while the clients on the ECN account can enjoy the industry average spreads of 0.31 pips. As for commissions, the broker claims that 0% commission on deposit.

Trading Platform Available

When it comes to trading platforms available,AMarkets gives traders the worlds most widely-used Metatrader5 trading platform, available on iOS, Android, macOS and Windows. MT5 is known as one of the most successful, efficient, and competent forex trading software, allowing traders to execute trades on different financial markets through a single account and there is a hedging option. While with the MT5 Mobile app, trading can be done from anywhere and at any time through the right mobile terminals.

Deposit & Withdrawal

AMarkets says it works with more than 20 deposit and withdrawal methods, which include but are not limited to Visa, MasterCard, Neteller, WebMoney, Fasapay, Perfect Money and Skrill, yet we cannot sure if these payment options are all available. The broker claims that new clients can obtain a 15% first deposit bonus. Also, traders can receive up to $14 per lot back to their trading account.

Customer Support

You can get in touch with AMarkets by online chat. Besides, you can also follow this broker on some social media platforms like Telegram, Facebook, YouTube, LinkedIn and Instagram. Company address: Beachmont Business Centre, 272, Kingstown, Saint Vincent and the Grenadines. However, this broker doesnt disclose other more direct contact information like telephone numbers or email while most brokers offer.