Based in Ireland, AMarkets offers forex, shares and more to trade through MT5 across many devices. However, despite the provided security measures, AMarkets is not regulated.
Pros and Cons
Is AMarkets Legit?
AMarkets offers several security measures. Firstly, the company ensures that client interests are insured by the Financial Commission's compensation fund, which covers up to €20,000 per claim. Secondly, AMarkets has undergone audits by Ernst&Young. Furthermore, AMarkets provides negative balance protection to each client. Lastly, AMarkets' execution quality complies with Verify My Trade's execution standards. However, AMarkets is not regulated.
What Can I Trade on AMarkets?
AMarkets offers over 500 products including currency pairs, shares, metals, indices, and bonds
Leverage
AMarkets offers a maximum leverage of 1:3000, which allows traders to control larger positions in the market with a relatively small amount of capital.
Trading Platform
AMarkets offers MT5, available on iOS, Android, MacOS, and Windows to trade. With MT5s advanced features and user-friendly interface, clients can analyze market trends, execute trades, and manage their accounts with unparalleled convenience and efficiency.
Deposit and Withdrawal
AMarkets claims it supports more than 20 deposit including VISA, mastercard, NETELLER, WebMoney, fasapay, Perfect Money, SWIFT, Skrill and more. There is 0% commission on deposit.
Customer Service
AMarkets offers only one way to contact them-contact form.
The Bottom Line
AMarkets offers diverse trading instruments through the MT5 platform. While AMarkets employs several security measures, it lacks regulatory oversight, which is a concern for some traders. Additionally, the brokerage provides limited customer support options and insufficient information about account types and fees, making it less transparent than regulated counterparts.
FAQs
Is AMarkets safe?
No. It is not regulated well.
Is AMarkets a good for beginners?
No. AMarkets does not offer transparent transaction information.
At AMarkets, are there any regional restrictions for traders?
Yes. AMarkets does not provide services to citizens and residents in countries:
American Samoa, Angola, Armenia, Afghanistan, Benin, Botswana, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Comoros, Cuba, Ethiopia, Federated States of Micronesia, Gabon, Gambia, Grenada, Guam, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Jamaica, Japan, Kiribati, Kosovo, Laos, Lebanon, Lesotho, Liberia, Madagascar, Malawi, Maldives, Mali, Marshall Islands, Mauritania, Mongolia, Montenegro, Mozambique, Namibia, Nauru, Nepal, New Zealand, Nicaragua, Niger, Northern Mariana Islands, North Korea, Palau, Palestine, Paraguay, Puerto Rico, Republic of the Congo, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Suriname, Syria, Tanzania, The United Kingdom, The United States of America, The US Virgin Islands, Venezuela, Yemen, Zambia and Zimbabwe.
EU/EEA/EFTA countries:
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland.
