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.
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. with their main headquarters located at #2B Moskovska St. 7th Floor, Podgorica, Montenegro. The brokerage also has head offices located in Almaty, Kazakhstan, Tbilisi, Georgia, and Armenia Yerevan. These international offices help to serve AMarkets global community of traders and fully offers their services in 6 different languages including English, Russian, Chinese, Indonesian, Malay, and Turkish and supports translation in over 100 more languages.
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 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
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 the Mirror Trader and RoboX platforms. These platforms are great for beginner traders as they allow them to follow and copy the moves of more established and experienced traders. All in all, AMarkets provides their clients with an extensive array of trading platforms that are sure to meet their individual trading needs.
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: 147
- Currency pairs: 50
- Bonds: 3
- Precious metals: 7
- Commodities: 11
- Cryptocurrencies: 3
- Investment portfolios: 6
- Indices: 27
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
- Two Bitcoins for the price of 1
- 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
As mentioned earlier, AMarkets provides their clients with a wide selection of trading platforms including the MetaTrader 4, 5, and WebTrader trading platforms, the Mirror Trader platform, and the RoboX platform. While this is an extensive array of trading platforms, it gets even bigger because 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.
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.
- 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
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.
- 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 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, 5 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.
- Excellent array of trading platforms to choose from
- Superior customer service
- Regulated and trusted broker
- Wide selection of tradeable assets
- Support is only available in 6 languages
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.