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AMarkets

Saint Vincent and the Grenadines|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://amarketsmoney.co/

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Contact

https://amarketsmoney.co/
Beachmont Business Centre, 272, Kingstown, Saint Vincent and the Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

AMarkets

Company Abbreviation

AMarkets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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AMarkets · Company Summary

AMarkets Review Summary
Registered Country/Region Saint Vincent and the Grenadines
Regulation No Regulation
Market Instruments 500 trading instruments, Currency pairs, Shares, Metals, Indices, Bonds
Demo Account Available
Leverage 1:3000
Spread From 0.2 pips
Trading Platforms MetaTrader5, available on iOS, Android, MacOS, Windows
Customer Support Social Media: Telegram, Facebook, Youtube, Linkedin, Instagram

What is AMarkets?

AMarkets is an unregulated online forex and CFD broker that offers trading services to a global client base, providing its traders with access to a diverse range of market instruments across different asset classes and trading platforms. It offers competitive spreads, high leverage of up to 1:3000, and does not charge commissions on each account, supporting more than 20 different deposit and withdrawal methods for convenience. Its customer service is accessible through various social media platforms to cater to the diverse communication preferences of their clients.

AMarkets homepage

Pros & Cons

Pros Cons
  • High Leverage
  • No regulation
  • Multiple account types
  • Multiple customer support channels

Pros:

  • High Leverage: AMarkets offers a high maximum leverage of 1:3000 that allows traders to control large positions with a relatively small amount of capital, providing the potential for higher returns on investment.

  • Multiple account types: The platform offers diverse account types, including the EUR, RUB, and USD, catering to various trading needs and experience levels.

  • Multiple Customer Support Channels: AMarkets provides various customer support channels including Telegram, Facebook, Youtube, Linkedin and Instagram, 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. There are also reports of being unable to withdraw and scams, adding to the cons of the platform.

Is AMarkets Safe or Scam?

AMarkets currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, potential scams, and inadequate consumer protection.

Market Instruments

AMarkets a wide range of over 500 financial assets across different classes. You have the privilege to select from a vast range of trading instruments such as Currency pairs, Shares, Precious Metals, Indices, and Bonds. With this option, you can have the freedom to expand the scope of your investment portfolio and explore new and exciting trading opportunities. This would enable you to diversify your investments and mitigate the risks associated with having a narrow investment portfolio.

Account

AMarkets provides an inclusive trading experience by offering a diverse range of account base currencies, including the Euro (EUR), Russian Ruble (RUB), and U.S. Dollar (USD). This variety of options caters to different types of traders and their specific trading preferences, thereby establishing an accommodating trading environment.

How to Open an Account?

Steps:

  • Visit the AMarkets website.

  • Click on the ''OPEN LIVE ACCOUNT'' button on the homepage.

open an account
  • Fill in the required information, such as your name, email address, phone number, and complete the verification process.

fill in required info
  • Choose the type of account you prefer, then select your base currency and leverage.

  • Read and agree to the terms and conditions then submit your registration.

  • You'll receive an email to confirm your account registration. Follow the instructions in the email to activate your account.

  • Log into your account, complete any remaining account setup steps and proceed to deposit funds.

Leverage

AMarkets provides a maximum leverage ratio of 1:3000. This ratio signifies that for every dollar deposited, traders can potentially control $3000 worth of trades. By providing high leverage, investors can potentially earn substantial profits even with minor market fluctuations. This advantageous feature enables investors to increase their purchasing power and make larger trades without having to put up a significant amount of capital upfront.

Spreads & Commissions

AMarkets features an advantageous offering by providing a highly competitive spread, starting from as low as 0.2 pips for accounts denominated in Euro (EUR), Russian Ruble (RUB), and U.S. Dollar (USD). Additionally, the appeal of trading with AMarkets is further enhanced through the elimination of commissions on each account, which potentially means more profit for the traders.

Account Type Commission Spreads
EUR $0 From 0.2 pips
USD $0 From 0.2 pips
RUB $0 From 0.2 pips

Trading Platforms

AMarkets provides an accessible trading experience to its clients by offering the advanced trading platform, MetaTrader5. This platform is widely recognized for its comprehensive features and tools that facilitate efficient trading. To ensure flexibility and convenience for its users, AMarkets has made MetaTrader5 available across multiple operating systems including iOS, Android, MacOS, and Windows. This way, traders can manage their trading activities seamlessly, regardless of their device or location.

Deposits & Withdrawals

AMarkets ensures seamless funding and withdrawal processes for its clients by accepting transactions via an array of more than 20 different methods. These include globally recognized and trusted providers like VISA and Mastercard, as well as popular online payment platforms such as NETELLER, WebMoney, Fasapay, Perfect Money, and Skrill. In addition, they also facilitate transactions via Swift for those who prefer to conduct their banking through traditional means. This extensive range of options aims to cater to various client preferences, thus simplifying their overall trading experience at AMarkets.

Deposits & Withdrawals

Customer Service

AMarkets has extended its customer service to popular social media platforms. These include Telegram for instant messaging, Facebook for regular updates, Youtube for video content, Linkedin for professional networking, and Instagram for visual updates. This comprehensive social media presence allows them to cater to the various communication preferences of their clients and ensure they get the assistance they need in a convenient and accessible manner.

Conclusion

In conclusion, AMarkets presents a comprehensive array of features that cater to a wide spectrum of traders. They offer a vast range of over 500 financial instruments, flexible account options with competitive spreads starting from as low as 0.2 pips, and a high leverage ratio of up to 1:3000. The broker utilizes the advanced MetaTrader5 trading platform and with more than 20 different transaction methods, it simplifies the deposit and withdrawal process. It also provides accessible customer support through various social media channels.

However, a significant concern associated with AMarkets is its lack of valid regulation, which leads to questions about its overall safety and legitimacy.

Frequently Asked Questions (FAQs)

Q 1: Is AMarkets regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: Does AMarkets offer demo accounts?
A 2: No.
Q 3: Does AMarkets offer the industry leading MT4 & MT5?
A 3: Yes. It offers MT5.
Q 4: What is the maximum leverage available at AMarkets?
A 4: 1:3000.

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. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

News

WikiFX Broker Assessment Series | AMarkets: Is It Trustworthy?

ExposureWikiFX Broker Assessment Series | AMarkets: Is It Trustworthy?

2024-01-29 17:25

This article provides an in-depth analysis of AMarkets, scrutinizing key features, fees, safety measures, deposit and withdrawal options, trading platforms, and customer service.

WikiFX
2024-01-29 17:25
Exposure
WikiFX Broker Assessment Series | AMarkets: Is It Trustworthy?

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Fager
more than one year
I had a bit of trouble registering with AMarkets; failed a couple of times. Not sure why your team suggested paying for MetaTrader 4 right away. Obviously, if there's no explanation for my registration issues, how can I agree to that???
2024-01-12 17:58
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