Founded in 2007, AMarkets is a veteran of the forex and CFD industry. Registered and licensed offshore on the island of Mwali (Comoros), it provides access to trading in CFDs on currency pairs, commodities, indices, shares, ETFs, bonds, futures, and cryptocurrencies.
AMarkets is a global broker providing services in Latin America, Asia, and the Commonwealth of Independent States (CIS). Traders can choose from various account types, including an ECN account with floating spreads starting from 0 pips.
Three robust platforms are available: the sophisticated MetaTrader 4, MetaTrader 5, and an intuitive web-based platform. AMarkets offers its own copy trading platform and third-party tools such as AutoChartist. Read on to learn if this innovative broker is a good fit for you.
Pros | Cons |
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AMarkets has focused on delivering fast order execution, with trades executed in as little as 0.03 seconds. Such rapid execution speeds are made possible thanks to No Dealing Desk technology, trading servers in one data center with liquidity providers, and advanced order routing technologies.
AMarkets is a crypto-friendly broker. Traders can access a wide range of crypto pairs, and deposits and withdrawals are available in cryptocurrencies. In addition, I recorded competitive Bitcoin spreads in my tests.
AMarkets can cater to both beginners and advanced traders. Beginners can benefit from reliable 24/7 customer service, demo accounts, micro-lot trading, and a robust range of research materials.
Experienced and professional traders can use the advanced features within MetaTrader, VPS hosting, a trade analyzer, and the opportunity to earn additional income as a strategy provider via the copy trading platform. Competitive trading conditions are available via the ECN account type, allowing active traders to keep costs to a minimum.
We performed tests with a Standard account using the MetaTrader 5 desktop/web platforms and the MetaTrader 5 mobile app. We opened accounts with the AMarkets LTD entity of AMarkets, supervised by the Mwali International Services Authority (MlSA). Some features and services may vary depending on where you reside.
☑️ Regulations | MISA (Comoros), FSC CA (Cook Islands), SVG FSA (Saint Vincent and the Grenadines) |
🗺 Supported Languages | Turkish, English, Russian, Indonesian, Malaysian |
💰 Products | Currencies, Stocks, Crypto, Bonds, Indices, Commodities |
💵 Min Deposit | $10 |
💹 Max Leverage | 1:1000 (MISA), 1:3000 (FSC CA), 1:3000 (SVG FSA) |
🖥 Trading Desk Type | STP, ECN |
📊 Trading Platforms | MT5, MT4 |
💳 Deposit Options | Cryptocurrencies, PerfectMoney, Credit Card, Visa, Mastercard |
💳 Withdrawal Options | Cryptocurrencies, Credit Card, PerfectMoney, Mastercard |
🤴 Demo Account | Yes |
🗓 Foundation Year | 2007 |
🌎 Headquarters Country | Comoros |
AMarkets has a lengthy operating history of over 16 years. In terms of regulatory oversight, there is little to none, as all three entities of this broker are based offshore. Client funds are held separately from the company’s operating accounts.
In our trust category, we place the most importance on how a broker is regulated. This section will cover how the different entities of AMarkets are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.
Different regulators provide different levels of protection. The table below lists the protections and benefits by entity, regulator, and region.
Entity | AMarkets LTD | AMarkets LLC | AMarkets LTD |
Country/Region | Island of Mwali (Comoros)/Global | Cook Islands/Global | Saint Vincent and the Grenadines |
Regulator | Mwali International Services Authority (MlSA) | Cook Islands Financial Supervisory Commission (FSC) | Saint Vincent and the Grenadines Financial Services Authority (FSA) |
Segregated Funds | Yes | Yes | Yes |
Negative Balance Protection | Yes | Yes | Yes |
Compensation Scheme | Yes | Yes | Yes |
Maximum Leverage | 1:3000 | 1:3000 | 1:3000 |
*We gathered the data listed above in July 2023. Regulatory requirements are subject to change.
AMarkets is a certified member of The Financial Commission, an independent mediator in the financial services industry that ensures the transparency and integrity of a broker and provides a Compensation Fund for up to €20,000 per client.
In our tests for the Trust category, we also evaluate factors relating to stability and transparency. Here, we focus on the broker’s longevity in business, company size, and the level of transparency they provide with readily available information.
AMarkets has a long operating history of 16 years, placing it among the older forex and CFD brokers that give a positive signal. The three entities of AMarkets are listed in the website’s footer, with details such as registration and license numbers.
Spreads and swap fees are clearly detailed in the Trading Instruments section of the website. Prospective clients can review the Customer Agreement on the Documents page. The About page covers the company history, mission statement, how client funds are protected, and awards.
Overall, I judged that there is room for improvement in transparency. The AMarkets LinkedIn page could be improved by properly listing the company name. Although we can see where the offshore entities are registered and licensed, it is not clear where the company is headquartered.
AMarkets Standard Account spreads ranged from relatively wide to competitive in some cases. More competitive pricing is available via the ECN account type. AMarkets beats the industry average by not charging any inactivity fees.
I tested the spreads at AMarkets across different asset classes using the MetaTrader 5 platform at 8:00 a.m. GMT and 4:00 p.m. GMT on 27 July 2023. I measured the spreads at two different times of day to allow for a greater perspective. 8:00 a.m. GMT is the London open when there is high liquidity in the forex market and tighter spreads in currency pairs. 4:00 p.m. GMT is during the New York trading session.
Instrument | Spread AM | Spread PM |
EUR/USD | 1.6 Pips | 1.6 Pips |
GBP/JPY | 4.2 Pips | 4.3 Pips |
Gold | 26 Pips | 31 Pips |
WTI Crude Oil | 6 Pips | 6 Pips |
Apple | n/a | 18 Cents |
Tesla | n/a | 86 Cents |
Dow 30 | 9 Pips | 8 Pips |
Dax 30 | 4.2 Pips | 4.2 Pips |
Bitcoin | $12 | $12 |
Swap fees (the cost of holding a position overnight) were average at AMarkets.
In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of maintaining a sell position overnight) for one full-sized contract. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). I recorded the data on 27 July 2023.
Instrument | Swap Long | Swap Short |
EUR/USD | Charge of $8.90 | Credit of $3.90 |
GBP/JPY | Credit of $9.70 | Charge of $25.40 |
AMarkets does not charge any account maintenance fees or inactivity fees.
Via the Standard Account, the spreads at AMarkets could be more competitive. However, I also tested the ECN Account and recorded spreads of 0.4 pips in EUR/USD and 3.4 pips in spot gold. A commission of $2.5 per lot per side is added for all instruments. These trading costs are much more competitive.
AMarkets offers the popular MetaTrader 4 and MetaTrader 5 platforms and an intuitive web-based platform. MetaTrader provides robust charting, and a wide range of order types, and can cater to algorithmic traders. The AMarkets lineup of platforms can cater to both beginners and advanced traders.
AMarkets offers MetaTrader 5 (MT5) for desktops, which includes advanced functions such as copy trading and automated trading. In the hands-on testing process, I used the MT5 platform.
MetaTrader 5 is available in 52 languages, from Arabic to Vietnamese. The platform provides popular features such as:
MetaTrader also delivers when it comes to the range of available order types. The platform offers the following order types:
Charting features are robust. MetaTrader 5 offers:
MetaTrader is also popular due to its copy trading and automated trading features.
The MetaTrader 5 desktop platform is one of the most feature-rich and popular trading platforms. However, it may present a steep learning curve for beginners.
AMarkets offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart.
The MetaTrader 5 mobile app also provides many order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop. To change the language of the MT5 app, you must change the language for your entire phone. As with the desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features.
The AMarkets web platform includes popular features like one-click trading, trading from the chart, and watchlists. In my experience, placing trades and managing open positions and pending orders from this platform is smooth and easy.
All standard order types are available, including market, limit, and stop-loss orders. Traders also have the option to apply time-in-force conditions such as Good-Til-Canceled (GTC).
The Copy Trading service at AMarkets allows clients to select strategies based on parameters such as profitability, number of investors, and age. Traders can set a loss limit to limit their risk. There is no need to download or install any software as trades are copied automatically in the web-based platform. Traders pay a set percentage of profits for the right to copy a strategy.
AMarkets shines in its breadth of available CFD instruments. As well as offering a robust number of assets within forex, metals, energies, indices, shares, and cryptocurrencies, the broker provides less commonly found CFDs, including bonds, ETFs, futures, and soft commodities like cotton.
CFDs (Contracts for Differences) are financial derivative products that allow traders to speculate in various markets without owning the underlying assets. I found the range of tradable instruments at AMarkets to be better than average. Here are the major categories of tradable assets available:
Forex Major | Forex Minor |
USD/CHF | EUR/USD | USD/JPY | EUR/GBP | AUD/CAD | GBP/JPY |
Forex Exotic | Indices |
USD/CNH | USD/RUB | USD/PLN | DAX 30 | ASX 200 | Nikkei 225 |
Metals | Energies |
Silver | Gold | Platinum | WTI Crude Oil | Brent Crude Oil | Natural Gas |
Soft Commodities | US Stocks |
Wheat | Cotton | Corn | Citigroup | Ford | Netflix |
European Stocks | ETFs |
Adidas | Rolls-Royce | BNP Paribas | iShares MSCI Japan | Schwab US Dividend Equity | Financial Select Sector SPDR |
Bonds | Crypto |
Euro-Bund Futures | 10-Year T-Note Futures | Ripple | Solana | Dashcoin |
I experienced a strong level of customer support at AMarkets. My email inquiries were answered almost immediately, and the live chat support was reliable. I was also able to reach an operator by phone quickly. The agents I worked with were helpful and well-informed.
AMarkets provides support 24/7 via email, live chat, and phone. While writing my review, I made dozens of inquiries covering fees, regulatory status, platforms, and account types. Responses were fast: same day for email and almost instantly via live chat. A phone operator answered within a couple of rings. Across all channels, I received thorough and satisfactory responses.
Overall, my experience with customer support at AMarkets was positive and better than average for the industry. Help is available in multiple languages to assist clients across various global regions.
Customer Support Languages |
English | Malay | Indonesian | Russian | Uzbek | Turkish |
With 11 funding and withdrawal methods, including credit cards, digital wallets, and cryptocurrencies, AMarkets makes transferring money in and out of your account easy. Withdrawal requests are processed internally within 24 hours, which is relatively fast. Deposits are free, but AMarkets charges fees for withdrawals.
AMarkets supports many payment providers, making depositing and withdrawing from your brokerage account a snap. While there are no deposit fees, withdrawals come with a charge and are the most costly via credit card. Deposits and withdrawals via bank wire are not available.
In the tables below I break down the fees and processing times for each deposit and withdrawal method.
Deposit Method | Fees | Processing Time |
Visa | 0% | 5-10 minutes |
Mastercard | 0% | 5-10 minutes |
USDT | 0% | 1 hour |
USD Coin | 0% | 1 hour |
Binance Coin | 0% | 1 hour |
Bitcoin | 0% | 1 hour |
Litecoin | 0% | 1 hour |
Ethereum | 0% | 1 hour |
ADVcash | 0% | Instant |
Perfect Money | 0% | Instant |
TopChange | 0% | Instant |
Withdrawal Method | Fees | Processing Time |
Visa | 1.8% | Up to 24 hours |
Mastercard | 1.8% | Up to 24 hours |
USDT | 0% – 1% | Up to 24 hours |
USD Coin | $1 | Up to 24 hours |
Binance Coin | $0.50 | Up to 24 hours |
Bitcoin | 0.5% – 1% | Up to 24 hours |
Litecoin | 0.5% – 1% | Up to 24 hours |
Ethereum | 0.5% – 1% | Up to 24 hours |
ADVcash | 0.5% | Up to 24 hours |
Perfect Money | 0.5% | Up to 24 hours |
TopChange | 0% | Up to 24 hours |
Note: When you are making a withdrawal from AMarkets, it must be sent to the same payment method used for the deposit.
Opening an account at AMarkets is smooth and straightforward. The process is fully digital, and I completed the application via the broker’s website within a couple of minutes. AMarkets offers four main trading account types: Crypto, Fixed, Standard, and ECN. Each account type has unique features suitable for different trader profiles.
To open an individual account at the AMarkets LTD entity of AMarkets:
The table below breaks down the main features of each account type.
Feature | Crypto | Fixed | Standard | ECN |
Execution | Market | Instant / Market | Instant / Market | Market |
Initial deposit | MBT 10 | $100 / €100 | $100 / €100 | $200 / €200 |
Leverage | 1:500 | Up to 1:3000 | Up to 1:3000 | Up to 1:3000 |
Order volume | From 0.01 | From 0.01 | From 0.01 | From 0.01 |
Spread | Floating from 1.3 pips | Fixed from 3 pips | Floating from 1.3 pips | Floating from 0 pips |
Commission | $0 | $0 | $0 | $2.5 / €2.5 per 1 lot per side |
Stop Out level | 20% | 20% | 20% | 40% |
Account Currency | MBT | USD, EUR | USD, EUR | USD, EUR |
AMarkets offers demo accounts for MetaTrader 4 and MetaTrader 5. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. A demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users are up to speed on a demo account, they can easily switch to a live version.
AMarkets offers a swap-free Islamic account that adheres to the principles of Sharia law.
One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.
The maximum leverage at AMarkets is 1:3000. This means that with an account of $1,000, you can control up to $3,000,000 worth of positions in the market. Leverage is often described as a ‘double-edged sword’ as it can hurt you as much as it helps you. Traders must remember that it can amplify both their profits and their losses.
AMarkets utilizes a hybrid model for order execution which involves two main components: Straight Through Processing (STP) and Market Maker (Dealing Desk) Execution.
AMarkets takes clients from many countries globally. However, it does not provide services to citizens in the countries:
Angola, Armenia, Afghanistan, Benin, Botswana, Burundi, Cape Verde, Cambodia, Chad, Comoros, Ethiopia, Gabon, Gambia, Grenada, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Jamaica, Japan, Kiribati, Kosovo, Laos, Lesotho, Liberia, Madagascar, Malawi, Maldives, Mauritania, Mongolia, Montenegro, Mozambique, Namibia, Nauru, Nepal, New Zealand, Nicaragua, Niger, North Korea, Palestine, Paraguay, Republic of the Congo, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Suriname, The United Kingdom, The United States of America, Zambia and Zimbabwe.
Services are also not available to the following 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.
AMarkets earned the highest score in the research category with a blend of actionable in-house analysis, innovative tools, and trade ideas from Autochartist. Materials are accessible to both beginners and advanced traders. I rate the research offering at AMarkets as above average for the industry.
AMarkets provides a steady flow of market-moving stories via the FXStreet Newswire published on the website. Reports are focused mainly on major economic releases but also include data on key price levels from respected sources such as SocGen.
More in-depth analysis is available in the Main Trade Ideas section of the website. Here, in-house analysts cover major markets from a mostly fundamental perspective. The content provides trade ideas with a long or short bias, along with suggested take profit and stop loss levels.
AMarkets has an active YouTube channel, providing video analysis to complement its written market commentary. The Analytics in 3 Minutes series focuses on the US dollar and covers major market themes such as central bank policy. Head of Analytics Tim Deev does a good job of explaining key economic data and major support and resistance levels.
AMarkets provides free trading signals from third-party Autochartist. Autochartist automatically identifies chart patterns and key price levels, using this information to predict the most likely direction of the trend.
AMarkets offers a selection of insightful and practical educational materials. These include articles in the blog section and a comprehensive knowledge base. The educational offering could be improved by adding courses and live webinars.
There is some great educational content on the AMarkets blog, covering practical topics like how to set up your MT4 platform professionally and what the MACD indicator is. I assess the articles as concise, insightful, and providing traders with concepts that can be quickly applied in the market.
The FAQ, which forms part of the Knowledge Base, is in-depth and covers questions relating to complex topics like copy trading and expert advisors. Questions beginners may have relating to the CFD market, MetaTrader basics, and trading, in general, are also addressed.
Generally, I found that AMarkets is a broker with a client-centric approach. It has many positive qualities: above-average customer service, extensive research materials, access to a wide range of markets, and flexible account types. Copy trading, fast order execution, and innovative tools such as the sentiment indicator go beyond what the average CFD broker offers.
Based offshore, AMarkets offers the advantages of high leverage, a wide range of deposit and withdrawal methods, and an easy sign-up process. However, this comes with the risks of a lightly regulated broker. AMarkets could improve by offering private account insurance from Lloyds of London and cutting their withdrawal fees.
Headquarters Country | Comoros |
Foundation Year | 2007 |
Regulations | MISA (Comoros), FSC CA (Cook Islands), SVG FSA (Saint Vincent and the Grenadines) |
Publicly Traded | No |
Trading Desk Type | STP, ECN |
Trading Platforms | MT5, MT4 |
Restricted Countries | Honduras, Algeria, Armenia, Austria, Benin, Bulgaria, Burundi, Cape Verde, Chad, Croatia, Cyprus, Czech Republic, Estonia, Finland, France, Gabon, Germany, Italy, Jamaica, North Korea, Nauru, Laos, Latvia, Lesotho, Guinea-Bissau, Guyana, Montenegro, Liberia, Liechtenstein, Lithuania, Namibia, Luxembourg, Malawi, Maldives, Mauritania, Nepal, New Zealand, Nicaragua, Niger, Hungary, Norway, Iceland, Poland, Romania, Greece, Grenada, Iraq, Democratic Republic of the Congo, Afghanistan, Suriname, Senegal, United States, Zambia, Angola, Slovakia, Paraguay, United Kingdom, Kosovo, Somalia, Sweden, Mongolia, Slovenia, Belgium, Switzerland, Botswana, Sierra Leone, Cambodia, Comoros, Denmark, Madagascar, Ethiopia, Gambia, Japan, Kiribati, Malta, Mozambique, Myanmar, Netherlands, Portugal, Haiti, Ireland, South Sudan, Spain, Sudan, Zimbabwe |
Supported Languages | Turkish, English, Russian, Indonesian, Malaysian |
Min Deposit | $10 |
Max Leverage | 1:1000 (MISA), 1:3000 (FSC CA), 1:3000 (SVG FSA) |
Deposit Options | Cryptocurrencies, PerfectMoney, Credit Card, Visa, Mastercard |
Withdrawal Options | Cryptocurrencies, Credit Card, PerfectMoney, Mastercard |
Time to Withdrawal | 1 |
Time to Open an Account | 5 |
Crypto | Ethereum, Bitcoin, Litecoin, Bitcoin Cash, Ripple, Dash, Cardano, Stellar, EOS, Polkadot, Binance Coin, Chainlink, Tezos, Uniswap, Solana, Cosmos |
Products | Currencies, Stocks, Crypto, Bonds, Indices, Commodities |
Demo Account | Yes |
OCO Orders | Yes |
Offers Hedging | Yes |
Automated Trading | Yes |
API Trading | No |
Guaranteed Stop Loss | Yes |
Guaranteed Limit Orders | Yes |
Guaranteed Fills / Liquidity | Yes |
Economic calendar | Yes |
Trading From Chart | Yes |
One-Click Trading | Yes |
Expert Advisor | Yes |
Social Trading | Yes |
Autochartist | Yes |
Trading Signals | Yes |
Platform Languages | Arabic, Turkish, English, Russian, Malaysian, Indonesian |
24 Hours Support | Yes |
Support During Weekends | Yes |
Live Chat | Yes |
Daily Market Commentary | Yes |
News (Top-Tier Sources) | Yes |
Webinars | No |
Deposit Fee | No |
Withdrawal Fee | No |
Inactivity Fee | No |
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
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