Score

1.48 /10
Danger

AMarkets

Island

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.79

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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Broker Information

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Company Name

AMARKETS LLC

Company Abbreviation

AMarkets

Platform registered country and region

Island

Company website

Facebook

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

AMarkets · Company summary
AMarkets Review Summary
Founded2007
Registered Country/RegionCook Islands
RegulationNo Regulation
Market Instruments500, Currency pairs, Shares, Metals, Indices, Bonds
Demo AccountAvailable
Leverage1:3000
EUR/USD SpreadFrom 0.2 pips (ECN account)
Trading PlatformMetaTrader5
Minimum Deposit$0
Customer SupportFacebook: https://www.facebook.com/AMarketsFirm/;
Instagram: https://www.instagram.com/amarkets/;
YouTube: https://www.youtube.com/c/AMarketsGlobal
Address: T&F Chambers, Main Road, Rarotonga, Cook Islands.
Live chat

What is AMarkets?

AMarkets is an unregulated financial brokerage firm that offers online trading services to clients worldwide. Founded in 2007, the company provides access to a wide range of trading instruments, including currency pairs, shares, metals, indices, and bonds, allowing traders to diversify their investment portfolios.

Additionally, AMarkets offers instant processing of deposits and withdrawals through over 20 payment methods, including popular options like VISA, MASTERCARD, NETELLER, WebMoney, Fasapay, Perfect Money, SWIFT, and Skrill. The firm utilizes the MetaTrader 5 (MT5) trading platform.

AMarkets homepage

Pros & Cons

ProsCons
  • Multiple Market Instruments
  • No Regulation
  • Multiple Customer Support Channels
Leverage up to 1:3000
Innovative MT5

Pros:

  • Multiple Market Instruments: The platform offers diverse Market Instruments, including 500 trading instruments, Currency pairs, Shares, Metals, Indices, and Bonds, catering to various trading needs and experience levels.
  • Multiple Customer Support Channels: AMarkets provides various customer support channels including social media, address, and live chat, enhancing accessibility and assistance for clients.

Cons:

  • No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency.

Is AMarkets Legit or a Scam?

AMarkets currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.

No license

Market Instruments

AMarkets offers a comprehensive range of trading instruments, providing traders with access to over 500 assets across various markets. This diverse selection includes currency pairs, allowing traders to engage in the dynamic foreign exchange market and capitalize on currency fluctuations. Additionally, traders can trade shares, enabling them to invest in leading companies and diversify their portfolios.

With access to metals such as gold and silver, traders can hedge against inflation and take advantage of safe-haven assets. Indices trading provides opportunities to speculate on broader market trends and the performance of major stock indices. Moreover, the availability of bonds allows traders to invest in fixed-income securities and diversify their investment strategies.

Market Instruments

How to Open an Account?

  • Step 1: Click the button ''OPEN LIVE ACCOUNT'' on the homepage.
Click the button ''OPEN LIVE ACCOUNT''
  • Step 2: Follow the on-screen instructions to input your personal and contact details.
  • Step 3: Tick the box to agree to the “By submitting this form, l confirm my consent to the processing of my data.”
  • Step 4: Click on the ''Open account'' option to finalize the creation of your account.
fill in required info

Leverage

AMarkets provides traders with a maximum leverage of 1:3000, allowing them to amplify their trading positions significantly. This high leverage ratio signifies that for every dollar deposited, traders can control up to $3000 worth of trades. Such extensive leverage offers traders the potential to maximize their returns even with minor market fluctuations. However, it also magnifies the losses.

Spreads & Commissions

AMarkets boasts competitive spreads and transparent commission structures to enhance the trading experience for its clients. With spreads starting from as low as 0.2 pips for major currency pairs like EUR/USD in the ECN account, traders can access favorable pricing dynamics and execute trades with precision. Additionally, AMarkets imposes zero commissions on trades, ensuring that clients can trade without incurring additional costs beyond the spreads.

Trading Platform

AMarkets provides its clients with access to the advanced MetaTrader 5 (MT5) trading platform, renowned for its comprehensive features and user-friendly interface. With MT5, traders can execute trades across a wide range of financial instruments, including currency pairs, shares, metals, indices, and bonds, offering ample opportunities for diversification and trading strategies.

The platform offers powerful charting tools, customizable indicators, and advanced order management features, empowering traders to analyze market trends and execute trades with precision and confidence. Moreover, MT5 supports automated trading through expert advisors (EAs) and allows for algorithmic trading strategies to be implemented seamlessly.

MT5

Deposits & Withdrawals

AMarkets prioritizes convenience and efficiency when it comes to deposits and withdrawals, offering instant processing and a wide range of payment methods. Clients can fund their accounts seamlessly with instant deposit options, ensuring that they can quickly access the markets and capitalize on trading opportunities without delay.

Moreover, AMarkets imposes zero commissions on deposits, allowing clients to fund their accounts without incurring any additional fees. With over 20 deposit and withdrawal methods available, including popular options like VISA, MASTERCARD, NETELLER, WebMoney, Fasapay, Perfect Money, SWIFT, and Skrill, clients have the flexibility to choose the method that best suits their preferences and needs.

Deposits & Withdrawals

Customer Service

AMarkets provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

  • Facebook: https://www.facebook.com/AMarketsFirm/
  • Instagram: https://www.instagram.com/amarkets/
  • YouTube: https://www.youtube.com/c/AMarketsGlobal
  • Address: T&F Chambers, Main Road, Rarotonga, Cook Islands.
  • Live chat

Conclusion

In conclusion, AMarkets offers an extensive range of trading instruments, a high maximum leverage, MT5 trading platforms, and a wide range of accepted payment methods, making it an advantageous platform for various investors with varying investment styles and goals. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform.

Frequently Asked Questions (FAQs)

Question 1:Is AMarkets regulated?
Answer 1:No. It has been verified that this broker currently has no valid regulation.
Question 2:Does AMarkets offer demo accounts?
Answer 2:Yes.
Question 3:What financial instruments can I trade with AMarkets?
Answer 3:Currency pairs, Shares, Metals, Indices, and Bonds.
Question 4:Does AMarkets offer industry-leading MT4 & MT5?
Answer 4:Yes. It offers MT5.
Question 5:Is AMarkets a good broker for beginners?
Answer 5:No. It is not a good choice for beginners because of its unregulated condition.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors.

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Over again.
more than one year
I'm a verified member with my account, it's easy and friendly to use AMarkets on Metatrader 4, I also appreciate their support of Live Chat in website and also the quick response on emails! I'm proud you AMarkets team.
I'm a verified member with my account, it's easy and friendly to use AMarkets on Metatrader 4, I also appreciate their support of Live Chat in website and also the quick response on emails! I'm proud you AMarkets team.
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2024-07-05 10:04
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ODIE
more than one year
I've been using AMarkets and honestly, it's been great. They offer super tight spreads and the instant deposit and withdrawal system is a total win for me. Trading on their MT5 platform is smooth and having access across multiple devices is super convenient. Also, the 15% bonus on my first deposit was a nice perk. Really appreciate that they insure up to €20,000 of my investments too. Definitely recommend AMarkets if you're looking for a reliable broker with fast transactions!
I've been using AMarkets and honestly, it's been great. They offer super tight spreads and the instant deposit and withdrawal system is a total win for me. Trading on their MT5 platform is smooth and having access across multiple devices is super convenient. Also, the 15% bonus on my first deposit was a nice perk. Really appreciate that they insure up to €20,000 of my investments too. Definitely recommend AMarkets if you're looking for a reliable broker with fast transactions!
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2024-06-04 14:04
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