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The WikiFX Score of this broker is reduced because of too many complaints!

AM Markets

Belarus|5-10 years| Benchmark A|
Regulated in Belarus|Retail Forex License|White label MT4|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.amtopzone.com/en

Website

Rating Index

Benchmark

Benchmark

A

Average transaction speed (ms)

388.6 Good

MT4/5

White Label

AdvancedManagementGroup-Demo

United Kingdom
MT4
2
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:AA

Slippage:B

Cost:C

Disconnected:C

Rollover:AA

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
AdvancedManagementGroup-Demo MT4
Server Location United Kingdom

Contact

support@ammarkets.com
https://www.amtopzone.com/en

Licenses

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

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

Advanced Management Capital Limited

Company Abbreviation

AM Markets

Platform registered country and region

Belarus

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 5
Previous Detection : 2024-05-22
  • This broker bas been verified to be stoppage of business, and it has been listed in WikiFX's Stoppage of Business list. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

AM Markets · Benchmark
Average transaction speed(ms)
388.6 Good
The highest transaction speed(ms)
270
The highest speed of opening positions(ms)
270
The highest speed of closing position(ms)
277
The lowest speed of opening positions(ms)
1594 Good
The lowest speed of closing position(ms)
1422 Good
Ranking: 61 / 134
Test user 253
Orders 1,648
Ocuppied margin $376,946 USD
Data Source WikiFX Data provide
Updated: 2024-05-21 01:05:SS

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Pyramid scheme complaint
Expose
Severe Slippage

Fradu operation from fraud platform

The background operation of the unscrupulous platform intentionally pulls the spread to steal money, the ECN account opens a position to get a price, and the gold 1 lot closes a position and pulls 20 dollars. Traders who see want to open an account are careful to be hacked,

2023-01-28 17:33
Unable to Withdraw

I made profit but can not withdrawal

I opened an account and deposited funds on AMMarkets. Because I caught up with unilateral rising market, I had a full position and long positions, and all profits were not lost. Just because there is no loss-making, they were saying that I have violated the rules, withdrawal application has not been processed since May 4th, until the platform asked me to sign unfair agreement on May 31st, which is to give a part of profit (30%). I was forced to collect money from bank, and online loan platform urged me to pay back money, so I could only get a part of it back to solve the immediate difficulties. They did not return remaining 10,532 US dollars, and asked to close my background. Such a black heart [d83d][dda4] platform is too disgusting, the platform hacks my hard-earned money. The unfair terms given by platform are as follows: Please initiate a withdrawal application of $4515.00 USD in CRM background of customer, and send an email to cs@ammarkets.com. The content of the email: I, XXX, admit to obtaining profits in AM MARKETS through abnormal trading methods, and now agree to distributor’s proposal plan. 30% profit ($4515.00) in addition to the principal that has been withdrawn. After the withdrawal is successful, the CRM background login is closed, and the MT trading account is closed. Such a black-hearted [d83d][dda4] platform invites everyone to comment on why the profit is not given. Keep your eyes open [d83d][dc40] and don’t be blackmailed by AM platform again. Please also ask relevant departments to come out to uphold justice for me and return my hard-earned money. I promise that everything I said is true, and I will bear full legal responsibility if there is any fiction.

2023-07-01 18:28
Resolved

Please stay away from unscrupulous platforms

The exchange rate for deposit and withdrawal is high, and it is said that it will not be allowed within a few days of deposit. They claimed that there was an internal problem with the platform, which frightened me into withdrawing money soon. Please stay away from such a platform without integrity.

2023-08-16 09:20
Unable to Withdraw

Make profits to the platform without giving money

I opened an account and deposited funds on the AM Markets platform. Because I caught up with the unilateral rising market, I had a full position and long positions, and all profits were not lost. Just because there is no loss-making, platform said that I have violated the rules.The withdrawal application has not been processed since May 4th, until the platform asked me to sign the Overlord agreement on May 31st, which is to give a part of the profit (30%). I was forced to collect the money from the bank, and the online loan platform urged me to pay back the money, so I could only get a part of it back to solve the immediate difficulties. The remaining 10,532 US dollars platform did not give me, and asked to close my background. Such a black-heart platform is too disgusting, the platform hacks my hard-earned money. The Overlord terms were provided by the platform as follows: Please initiate a withdrawal application of $4515.00 in the CRM background of the customer, and send an email to cs@ammarkets.com. The content of the email: I, XXX, admit to obtaining profits in AM MARKETS through abnormal trading methods, and now agree to the distributor’s proposal plan. 30% profit ($4515.00) in addition to the principal that has been withdrawn. After the withdrawal is successful, the CRM background login is closed, and the MT trading account is closed. I invite everyone to comment on why the profit is not given for this black-heart platform. Keep your eyes open and don’t be blackmailed by the AM platform again. Please also ask the relevant departments to come out to uphold justice for me and return my hard-earned money. I promise that everything I said is true, and I will bear full legal responsibility if there is any fiction.

2023-06-06 13:54
Resolved

Unable to withdraw. Stay away from this broker

Unable to withdraw money, stay away from this dealer, and traded on this platform for about two months. Continue to do more than 400 orders. Earned more than 4,000 US dollars. I didn't expect that if I want to withdraw money, I won't give money. To deduct 80% of the profit, saying that the transaction violated the rules, I asked them to explain where the violations did not get any reply!

2022-12-24 21:55
Unable to Withdraw

$10532 without payment

I opened an account and deposited funds on the AMMarkets platform. Because I caught up with the unilateral rising market, I had a full position and long positions, and all profits were not lost. Platform said that I have violated the rules just because there is no loss-making .The withdrawal application has not been processed since May 4th, until the platform asked me to sign the overlord agreement on May 31st, which is to give a part of the profit (30%). I was forced to collect the money from the bank, and the online loan platform urged me to pay back the money, so I could only get a part of it back to solve the immediate difficulties. The platform did not give the rest of $10,532 , and asked to close my background. Such a black platform is too disgusting, the platform was robbing me of my hard-earned money. The overlord agreement provided by the platform were as follows: Please initiate a withdrawal application of $4515.00 USD in the CRM background of the customer, and sent an email to cs@ammarkets.com. The content of the email: I, XXX, admit to obtaining profits in AM MARKETS through abnormal trading methods, and now agree to the distributor’s proposal plan. 30% profit ($4515.00) in addition to the principal that has been withdrawn. After the withdrawal was successful, the CRM background login was closed, and the MT trading account was also closed. So I invited everyone to comment this black platform on why the profit was not given. Keep your eyes open and don’t be blackmailed by the AM platform again. Please also ask the relevant departments to come out to uphold justice for me and return my hard-earned money. I promise that everything I said was true, and I would bear full legal responsibility if there was any fiction.

2023-06-05 12:07
Unable to Withdraw

Refuse to give me my profits

I opened an account with AMMarkets platform and deposited money for trading. Because of the upward trend of the market, I held a full position of long stocks, and all my profits were profitting. However, the platform said I violated trading rules because I did not have any losses. Since May 4th, I have been applying for a withdrawal and have not received any response. On May 31st, the platform asked me to sign an imparity clause, which stated that I would give up 30% of my profits. Due to pressure from my bank and payment platform, I was only able to retrieve part of my money to address my current difficulties. The remaining $10,532 was not given to me, and the platform requested that my CRM be closed. This platform is extremely greedy and unethical. They are stealing my hard-earned money. Here is the imparity clause that the platform provided: "Please submit a $4,515 USD withdrawal request through the CRM backend and send an email to cs@ammarkets.com with the following content: 'I, XXX, acknowledge that I have obtained profits through illegal trading methods at AM MARKETS, and I agree to accept the vendor's proposal. The withdrawal will be processed after the principal has been withdrawn, and a 30% profit ($4,515 USD) will be released. After the withdrawal is successful, the CRM backend will be closed and the MT account will be closed." This platform is extremely unethical and should be judged by all. Please help me retrieve my money and restore my faith in trading platforms. I promise to assume all legal responsibility if any of my statements are false.

2023-06-08 12:01
Unable to Withdraw

10532 USD without payment

I opened an account for deposit trading on the AMMarkets platform, and due to the unilateral upward trend, I had a full position with multiple orders, all of which were profitable without any losses. Just because no loss making platform accused me of illegal trading, I applied for a deposit on May 4th and was not processed until May 31st when the platform asked me to sign the Overlord Agreement, which means that I will receive a portion of the profit (30%). I am facing the situation of being urged by banks to collect money and being urged to repay money by online lending platforms. I am forced to retrieve a portion of it to solve the current difficulties. The platform refused to give me the remaining $10532 and requested to close my backend. This kind of black hearted platform is too disgusting, platform black I sweat money. The overbearing terms provided by the platform are as follows: Please request the customer's CRM backend to initiate a $4515.00 USD withdrawal request and send an email to cs@ammarkets.com Email content: I, XXX, acknowledge that I have obtained profits from AM Markets through abnormal trading methods, and now agree to the proposal of the circulation merchant. 30% profit ($4515.00) in addition to the principal already paid out. After successful withdrawal, the CRM backend login is closed, and the MT trading account is closed. This kind of unscrupulous platform invites everyone to comment and reason why profits are not given. Everyone should keep their eyes open and not be blackmailed by the AM platform again. Please also ask relevant departments to come out and uphold justice for me, and repay my hard-earned money. I promise that everything I say is true, and if there is any fiction, I will bear all legal responsibilities

2023-05-31 15:42

    AM Markets · Company Summary

    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 contained in this article is for general information purposes only.

    General Information

    AM Markets Review Summary in 10 Points
    Founded 2019
    Registered Country/Region Belarus
    Regulation NBRB
    Market Instruments Forex, Metals, Spot Energies, Index
    Demo Account N/A
    Leverage 1:500
    EUR/USD Spread 1.6 pips
    Trading Platforms MT4
    Minimum deposit $100
    Customer Support 24/5 multilingual live chat

    What is AM Markets?

    AM Markets is an online broker offering forex and CFD trading on MT4 trading platform. AM Markets is a trading name operated by AM Markets Capital Limited, authorized and regulated by the National Bank of the Republic Belarus (NBRB), with Regulatory License No. 193583860.

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    AM Markets' website

    Pros & Cons

    AM Markets offers a wide range of CFD instruments and account types on the leading MT4 platform. However, the unauthorized status of National Futures Association (NFA) license may raise some concerns for potential traders. Additionally, the limited information available about their trading conditions may be a drawback for some traders.

    Pros Cons
    • Wide range of CFD products • NFA license is unauthorized
    • Multiple account types and demo accounts available • Clients from Israel and the Islamic Republic of Iran are not accepted
    • No commission • Negative reviews complaining unable to withdraw
    • MT4 platform for Windows and Mobile • No specific info on trading conditions
    • Multilingual customer support available 24/5

    AM Markets Alternative Brokers

      There are many alternative brokers to AM Markets depending on the specific needs and preferences of the trader. Some popular options include:

      • FBS - offers a variety of account types and a user-friendly trading platform;

      • HotForex - provides multiple trading instruments and excellent customer service;

      • Swissquote - offers a comprehensive range of trading instruments and reliable trading platforms.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is AM Markets Safe or Scam?

    AM Markets being regulated by the National Bank of the Republic of Belarus (NBRB) means that it follows certain rules and regulations put in place by the government. However, the fact that its National Futures Association (NFA) license is unauthorized and negative reviews from their clients complaining unable to withdraw raise some concerns. It is important to note that the NFA is a US-based regulatory body, and AM Markets is not a US-based broker. That being said, traders should do their due diligence and research the broker thoroughly before deciding whether to trade with them. It is always recommended to choose a regulated broker with a strong reputation to ensure the safety of funds and trading experience.

    Market Instruments

    AM Markets offers a diverse range of CFDs products, including popular foreign exchange currency pairs, such as EUR/USD, GBP/USD and USD/JPY, as well as futures, indices, precious metals, energy and equity CFDs products. This means that traders have access to a wide range of financial instruments to choose from and can diversify their trading portfolios with ease. With such a variety of products available, traders can take advantage of market opportunities in various sectors, depending on their trading strategies and preferences.

    Accounts

    AM Markets provides traders with a variety of account types to choose from, including STD, STP, and ECN accounts. Each account type has a minimum deposit requirement of $100, which makes it accessible to traders with different budget levels. The STD account type is suitable for traders who are new to trading and prefer fixed spreads. STP accounts are for traders who prefer variable spreads, and the ECN account type is for more experienced traders who require the best market execution and competitive spreads. Additionally, demo accounts are also available for traders to test the trading conditions and strategies without risking any real money.

    Leverage

    Leverage is available up to a maximum of 1:500 on forex trading. New traders should note that leveraged trading carries a high level of risk and may result in heavy losses.

    Spreads & Commissions

    AM Markets offers spreads on major pairs around 1.6 pips, which is in line with the industry standard. The broker does not charge any commission on trades, which means that clients can enjoy low trading costs. Traders can also benefit from the broker's low rollover rates, which can help them to reduce their trading costs further.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commission
    AM Markets 1.6 pips None
    FBS From 0.3 pips $6 per lot
    HotForex From 0.1 pips $6 per lot
    Swissquote From 0.1 pips $7 per lot

    Note: Spread and commission information may vary depending on the account type, market conditions, and trading instrument. The table above provides a general idea of the spreads and commissions offered by each broker on the EUR/USD currency pair.

    Trading Platforms

    In terms of trading platform available, AMarkets offers MT4 trading platform, available for Windows, Mobile. The platform is renowned for its stability, user-friendly interface, and advanced charting capabilities. Traders can also benefit from a wide range of customizable indicators and automated trading strategies. Additionally, MT4 allows for one-click trading and features a variety of order types, including market, limit, stop-loss, and take-profit orders.

    MT4

    Overall, AM Markets' MT4 platform offers a comprehensive trading experience for both novice and experienced traders alike. See the trading platform comparison table below:

    Broker Trading Platforms
    AM Markets MT4 for Windows and Mobile
    FBS MT4, MT5, FBS Trader
    HotForex MT4, MT5, HotForex WebTrader, HotForex App
    Swissquote Advanced Trader, MT4, MT5, Swissquote App

    Deposits & Withdrawals

      AM Markets offers traders three ways to inject capital into their account, including the following:

      • The deposit terminal (online banking) will be received within 2 hours.

      • Bank telegraphic transfer (accepting US dollar, Pound sterling, euro, etc.), 3-5 working days.

      • Union Pay remittance, 2-3 working days to the account.

    AM Markets minimum deposit vs other brokers

    AM Markets Most other
    Minimum Deposit $100 $100

    As for withdrawal, Withdrawals under $100 from an international bank will incur a bank fee of $5 or the equivalent. Under the anti-money laundering policy, withdrawals from accounts without any transactions are subject to an additional 2.5 per cent fee. Withdrawal processing time depends.

    Customer Service

    The AM Markets customer support can be reached 24/5 multilingual through online chat and email, as well as some social media platforms including Twitter, Facebook, Instagram, and Linkedin.

    Customer Service
    Pros Cons
    • 24/5 multilingual support through various channels • No 24/7 customer support
    • Quick response time through online chat and email • No phone support

    Note: The information in this table is based on the provided context and may not be exhaustive.

    User Exposure on WikiFX

    On our website, you can see that some users have reported that AM Markets is a fraud platform and they are unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Conclusion

    AM Markets is a forex and CFDs broker regulated by National Bank of the Republic of Belarus (NFA), offering a wide range of tradable assets and competitive spreads. The broker provides multiple account types, including the Standard, STP, and ECN account, with a minimum deposit of $100. AM Markets supports popular payment methods and provides customer support via various channels, including email and online chat.

    However, the National Futures Association (NFA) license the broker holds is unauthorized, and there are some negative reviews from their clients saying that they have difficulty withdrawing money. Additionally, educational and research resources are not available on their website. Overall, traders should carefully consider the pros and cons of trading with AM Markets before opening an account.

    Frequently Asked Questions (FAQs)

    Q 1: Is AM Markets regulated?
    A 1: Yes. It is regulated by National Bank of the Republic of Belarus (NBRB).
    Q 2: At AM Markets, are there any regional restrictions for traders?
    A 2: Yes. AM Markets cannot serve residents of specific countries / regions, such as the Israel and the Islamic Republic of Iran, as well as war-torn countries.
    Q 4: Does AM Markets offer the industry-standard MT4 & MT5?
    A 4: Yes.
    Q 5: What is the minimum deposit for AM Markets?
    A 5: The minimum initial deposit to open an account is $100.
    Q 6: Is AM Markets a good broker for beginners?
    A 6: No. It is not a good choice for beginners. Though it is regulated, it lacks transparency - info on trading conditions and more is not specified.

    User Reviews

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    Comments

    Write a review

    Tard
    6-12months
    so far I have no problem this platform its safe and reliable
    2023-06-14 19:41
    Reply
    0
    0
    FX1228253299
    more than one year
    This is my 4th month, and so far, no requotes and no slippage. I had a delay in my withdrawal once but I later got to know it was my bank that had issues. So far it has been good here. Good trading goodies are also available.
    2023-02-20 15:29
    Reply
    0
    0
    FX1142150269
    more than one year
    The website of AM Markets cannot be opened, and I saw many complaints from wikifx. Good thing I didn't deal with this company! Hope they recover the funds soon.
    2022-12-12 11:03
    Reply
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