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Do you want to know which is the better broker between MONEY SQUARE and AM Markets ?
In the table below, you can compare the features of MONEY SQUARE , AM Markets side by side to determine the best fit for your needs.
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EURUSD:0.2
EURUSD:0.1
EURUSD:45.57
XAUUSD:48.63
EURUSD: -5.76 ~ 2.39
XAUUSD: -28.93 ~ 13.7
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of money-square, am-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Registered Country/Region | Japan |
Regulation | FSA |
Minimum Deposit | No minimum initial deposit requirement |
Maximum Leverage | 1:25 |
Minimum Spreads | 0.1 pips on for USD/JPY |
Trading Platform | A Proprietary trading platform |
Demo Account | Yes |
Trading Assets | 15 currency pairs |
Payment Methods | Quick deposits and Transfer Payment |
Customer Support | Phone, Email, Online Chat |
General Information & Regulation
MONEY SQUARE, INC. was established in October 2002 as a company mainly engaged in over-the-counter foreign exchange trading. The company is authorized and regulated by the Financial Services Agency of Japan (FSA) under License No. 5010401112058. Also, MONEY SQUARE is authorized and regulated by the Securities Dealers Association of Japan under Financial Instrument Operator No. 2797 of Kanto Finance Bureau Director (Financial Instruments).
Market Instruments
Users can trade 15 currency pairs, generally 1,000 currency units at a time, except for 10,000 units for South Oran/JPY and Mexican Peso/JPY.
Spreads
MONEY SQUARE does not set transaction fees for users, but charges a certain amount of spreads, for example, from 0.1 pips for USD/JPY, 0.1 pips for GBP/JPY and 0.1 pips for NZD/JPY.
Margin & Leverage
If placing an order, individual users must guarantee at least 4% margin (25:1 leverage) on the value of each currency pair traded. However, corporate users have a slightly different margin rate, which is 0.96% for USD/JPY for example.
Open an account
MONEY SQUARE only supports online account opening, if a client needs to apply for both Forex and CFD accounts, then he/she needs to apply separately. In addition, MONEY SQUARE does not charge any account opening fees and account maintenance fees.
Trading Platform
MONEY SQUARE provides clients with access to the world financial markets through Tralipi®, a trading platform developed by the trader itself, which supports both PC and cell phones.
Deposit & Withdrawal
Users can make deposits via both quick deposit and transfer payments. MONEY SQUARE recommends the former because it is instant and free of charge, while the latter requires the client to bear the transfer fees. Note that MONEY SQUARE only accepts Japanese Yen for deposits/withdrawals.
Trading Hours
MONEY SQUARE offers forex trading hours based on the US market, including daylight saving time - Monday: 7:20am to 5:50am the next day; Tuesday to Friday: 6:20am to 5:50am the next day; winter time - Monday: 7:20am to 6:50am the next day; Tuesday to Friday: 7:20am to 6:50am the next day.
Pros & Cons
Pros | Cons |
FSA-regulated with long establishment | Limited currency trading |
A series of trading tools | Conservative leverage |
No transfer fees | Only accepting Japanese Yen for depsoits and withdrawals |
Competitive spreads | Non-MT4/MT5 trading platform |
No trading fees applied | |
No account opening & maintenance fees |
Frequently Asked Questions
Does MONEY SQUARE offer leverage?
MONEY SQUARE provides leverage capped at 1:25.
What deposit and withdrawal payment does MONEY SQUARE accept ?
MONEY SQUARE support payment through quick deposit and transfer payments.
Does MONEY SQUARE offer demo accounts ?
No clear information about this part is disclosed.
Does MONEY SQUARE charge a commission?
No, MONEY SQUARE does not charge commissions, only spreads calculated.
What is trading hour set by MONEY SQUARE ?
MONEY SQUARE offers forex trading hours based on the US market, including daylight saving time - Monday: 7:20am to 5:50am the next day; Tuesday to Friday: 6:20am to 5:50am the next day; winter time - Monday: 7:20am to 6:50am the next day; Tuesday to Friday: 7:20am to 6:50am the next day.
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.
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 |
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 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 |
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.
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.
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.
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 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.
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.
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.
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 |
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.
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.
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.
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.
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.
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. |
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive money-square and am-markets are, we first considered common fees for standard accounts. On money-square, the average spread for the EUR/USD currency pair is -- pips, while on am-markets the spread is 0.1.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
money-square is regulated by FSA. am-markets is regulated by NBRB.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
money-square provides trading platform including -- and trading variety including --. am-markets provides trading platform including STD,STP,ECN and trading variety including Forex/precious metals/energy/indices/digital currencies.