Amega review and ratings

Established 2017
Location Mauritius
Regulation FSC
Offices Ebene
Broker type STP | ECN
Leverage up to 1:1000
Deposit from 20 USD
Spreads low  low
Platforms Web MetaTrader 5
Instruments Currencies Indices Metals Energies Softs Stocks
Funding methods Wire Transfer Skrill Neteller SticPay DusuPay

Company information

Amega is a forex broker located in Mauritius, regulated by the Financial Services Commission (FSC).

Availability

Amega accepts clients from all over the world, excluding USA, North Korea and Iran.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

20+ Currency Pairs Based on major and minor world currencies.
8 Indice CFDs Based on baskets of different blue-chip stocks.
4 Metal CFDs Based on Silver, Gold, Palladium, Platinum.
3 Energy CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
7 Soft CFDs Based on Cocoa, Coffee, Corn, Cotton, Soybean, Sugar, Wheat.
20+ Stock CFDs Based on shares of US companies.

Comprehensive review

Set up in 2017 and registered offshore in Mauritius, Amega is a forex broker that offers extremely high leverage, a pretty good selection of instruments to trade on, and trading on the classic MetaTrader 5 (MT5) platform.

Although Amege is considered an offshore forex broker, it is still regulated by Mauritius’ national financial regulator, the Financial Services Commission (FSC). With this type of regulation, Amega can offer many of the things that typically characterize offshore brokers, such as more flexible trading conditions and a simple account sign-up and verification process.

Despite its young age, Amega was already in 2018 recognized for its work, receiving the Global Brands award for the Best New Forex Brand, as well as the Opening of the Year award from IAFT the same year.

In terms of trading instruments offered, Amega has pretty much everything a retail forex & CFD trader would want. The only exceptions to this would be government bonds and crypto, which for some reason are missing from the broker’s offering.

Another thing that could be improved would be the selection of single stock CFDs, which now only includes stocks from about 25 US-listed companies. For example, smaller US stocks and stocks from companies listed in other parts of the world would be a great addition in our view.

Other than these shortcomings, Amega’s offering is pretty good, with a wide selection of forex pairs, stock indices, metals, and energies to choose from.

As almost all forex brokers do, Amega also offers its clients a choice of different types of trading accounts. With this broker, the account type first and foremost depends on what type of strategy the trader employs, and whether hedging will be used or not. The broker also offers a separate Islamic account where no swap fees are charged, as well as a demo account for those who want to practice without risking real money.

A maximum leverage of 1:1,000 is available for all account types with Amega, and all accounts must be denominated in US dollars.

The minimum deposit to start trading is just $20.

Another great thing about Amega is the welcome bonus it offers to all new clients. At the time of writing, the bonus is 150% of the deposit amount, with a maximum bonus limit of $9,000.

For users who decide to take the step and fund their new trading account with real money, Amega accepts deposits via the e-wallets Sticpay, DusuPay, Skrill and Neteller. The broker does not charge any fees for accepting deposits other than any third-party fees charged by the payment provider.

Amega does not currently accept crypto deposits and withdrawals.

For any customer support needs, Amega can be contacted by phone, email or live chat between 7 am and 2 pm UTC time on weekdays.

In conclusion, we believe it should be reiterated that Amega is an offshore forex broker and that this comes with certain risks. As such, deposits should only be made once a new user fully trusts this broker. For those who do, however, this broker offers good opportunities to profit from high trading leverage on a range of interesting instruments with relatively tight spreads.

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