AMarkets Review - Does It Support MT4 and MT5? - WikiFX

Founded in 2007 and registered in the Comoros, AMarkets is an unregulated financial brokerage offering lots of trading instruments, including Forex, Metals, Cryptocurrencies, Bonds, Commodities, Indices, Stocks, and Futures. It provides four account types (Standard, ECN, Fixed, and Zero) with a minimum deposit of $100. Traders can use popular platforms like MT4, MT5, and the AMarkets app.

Pros and Cons

Is AMarkets Legit?

At present, AMarkets lacks valid regulation. Its domain was registered on Jan 29, 2019, and the current status is “client Delete Prohibited, client Renew Prohibited, client Transfer Prohibited, client Update Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.

What Can I Trade on AMarkets?

On AMarkets, you can trade with Forex, Metals, Cryptocurrencies, Bonds, Commodities, Indices, Stocks, and Futures.

Account Type

AMarkets provides four types of accounts: Standard, ECN, Fixed, and Zero.The minimum deposit requirement is $100 for the ECN and the Fixed account.

Leverage

The leverage goes up to 1:3000, which is pretty wild. Note that such high leverage is a double-edged sword, amplifying both profits and losses.

Spreads and Commissions

The Standard and Fixed accounts don't charge any commission. However, the Standard account features floating spreads starting from 1.3 pips, while the Fixed account offers wider but static spreads from 3 pips.

In contrast, the ECN account provides tighter floating spreads beginning at 0.2 pips but charges a commission of $2.5 per lot per side, and the Zero account offers the tightest spreads from 0 pips with a commission starting from just $0.01 per side.

Trading Platform

Copy Trading

AMarkets provides a copy trading service that allows users to replicate the trades of other traders on its platform. This feature enables users to automatically execute trades based on the activities of selected traders. The company states that users retain control over their capital and offers a platform for this service with a focus on transparent fees.

Deposit and Withdrawal

Deposit Options

Withdrawal Options

Bonus & Promotion

AMarkets provides several promotions, including a referral program (“Invite a Friend”), a raffle (“AMarkets' Grand Raffle”), and a cashback offer based on trading volume. Users can also receive a deposit bonus when switching brokers.

Additionally, there's a promotion where profits from demo account trading can be transferred to a live account. Partners can also receive a 20% trading bonus by transferring affiliate rewards to their trading account and can withdraw funds without commission. Finally, AMarkets reimburses deposit fees and payment system commissions.