AMarkets review and ratings

Established 2007
Location New Zealand Saint Vincent and the Grenadines Mwali
Regulation FSC, MISA
Offices Fomboni, Kingstown, Avarua
Broker type MM | STP | ECN
Leverage up to 1:3000
Deposit from 100 USD
Spreads low  low
Platforms Web MetaTrader 4 MetaTrader 5
Instruments Currencies Crypto Indices Metals Energies Softs Stocks Bonds
Funding methods Wire Transfer Credit Cards Neteller FasaPay Perfect Money AdvCash Bitcoin Ethereum Liteсoin Tether

Company information

AMarkets group includes 3 related companies.

AMarkets CI - located in the Cook Islands (self-governing island country in association with New Zealand), regulated by the Financial Supervisory Commission (FSC).
AMarkets SVG - legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.
AMarkets MW - located in Mwali, regulated by the Mwali International Services Authority (MISA).

AMarkets is also a member of The Financial Commission (FinaCom), an independent dispute resolution organization.

Availability

AMarkets accepts clients from all over the world, excluding USA, UK, European Economic Area and some countries from the OFAC list.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

40+ Currency Pairs Based on major and minor world currencies.
20+ Crypto Pairs Based on Cardano, Algorand, Cosmos, Aave, Axie Infinity, Bitcoin Cash, Binance Coin, Bitcoin, Polka Dot, Dashcoin, EOS, Ethereum, ChainLink, Litecoin, Decentraland, Matic, Synthetix, Solana, Theta, Tron, Uniswap, Stellar, Monero, Ripple, Tezos.
17 Indice CFDs Based on baskets of different blue-chip stocks and US Dollar Index.
7 Metal CFDs Based on Gold, Silver, Platinum, Copper, Aluminum, Nickel and Zinc.
4 Energy CFD Based on Crude Oil (WTI, Brent), Carbon Emissions and Natural Gas.
7 Soft CFDs Based on Cocoa, Coffee, Corn, Cotton, Soybean, Sugar, Wheat.
2 Bond CFDs Based on 10-Year Treasury Note (US) and Euro-Bund (German).
400+ Stock CFDs Based on shares of US and EU companies.

Comprehensive review

AMarkets is an offshore CFD & forex brokerage company registered in the Cook Islands, Saint Vincent and the Grenadines, and Mwali in the Comoros. The broker is not regulated by any reputable onshore government agencies, but has instead chosen to join the private dispute resolution organization known as The Financial Commission (FinaCom), along with many other unregulated offshore forex brokers.

One positive consequence of not being regulated by any government agency is that the broker’s sign-up process is quite simple, without the need to submit and verify a lot of documents. Be aware, however, that the issue of document verification often arises when it’s time to withdraw money from offshore brokers. It is therefore advisable to ensure you have all relevant documents in order before depositing any funds into your trading account at AMarkets, or any other offshore broker for that matter.

Another typical benefit of trading with forex brokers based in offshore jurisdictions like the Cook Islands or Saint Vincent and the Grenadines is that the leverage available on trading instruments is usually quite high.

In the case of AMarkets, leverage is capped at 1:3,000, which is far more than what is available in the EU, North America, and Australia/New Zealand. In fact, it is even higher than the 1:400-1:500 leverage that is common with many brokers in other offshore jurisdictions.

The trading assets that are available from AMarkets includes such things as forex, stock CFDs, commodities, cryptocurrencies, bonds, and indices. Perhaps most notable here is the pretty large selection of more than 400 individual stock CFDs to choose from, based on US and various European companies.

When it comes to trading instruments, we also appreciate the fact that spreads on most instruments are in fact pretty low. This is particularly true for major forex pairs like the EUR/USD and USD/JPY, but also for a lot of the single stock CFDs that are offered through this broker. As an example, the beginner-friendly FIXED account offers spreads from 3 pips and no commissions, while the ECN account offers spreads from 0 pips with a commission of $2.5 per lot per side.

All instruments that are offered by AMarkets can be traded on either the MetaTrader 4 or 5 (MT4/MT5), which are the two only desktop trading platforms this broker supports. Although this may seem like a limitation for some traders, the MT4 & 5 are still the most popular trading platforms in the retail trading segment, with a huge user base spread across the world.

Both trading platforms also give access to a vast library of automated trading strategies (“Expert Advisors”) and technical trading indicators via a built-in marketplace.

Trading accounts with AMarkets can be funded through all the usual methods like major payment cards and the popular e-wallets ADVcash, PerfectMoney, and TopChange. In addition, this broker also accepts deposits via a range of cryptocurrencies, including Tether (USDT), USD Coin (USDC), Bitcoin (BTC), Ethereum (ETH) and others.

Unlike certain other brokers, AMarkets does not charge any fees for accepting deposits via any of these payment methods (other than the fees charged by the payment provider).

Contacting customer support at AMarkets should also be a hassle-free experience in most cases. The broker has provided contact information for Telegram, in addition to a regular web-based live chat, email, and a UK phone number. The broker also assures clients that their support line is open 24/7, which is something we appreciate.

In conclusion, we consider AMarkets to be a decent choice for people who feel comfortable trading with forex brokers based offshore. Given the fact that the broker is a member of FinaCom, it is in our view a better choice than many other offshore forex & CFD brokers out there that have no system for dispute resolution whatsoever.

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5/5
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