low
Amega is a forex broker located in Mauritius, regulated by the Financial Services Commission (FSC).
Amega accepts clients from all over the world, excluding USA, Mauritius, North Korea, Russia, Iran.
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. |
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 Amega 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.
Amega offers competitive trading conditions for both experienced and novice traders, along with comprehensive educational tools through their Ideas Hub, however, they do not offer a demo account. Traders instead have the option to practice and learn through low-cost trades starting from $1 in the real markets. Additionally, the platform features an instant cashback program which serves as an added incentive for traders to engage with the platform and provides additional benefits for users.
Amega only offers one account type, which is designed to combine the benefits of multiple accounts, such as Islamic-friendly conditions and competitive spreads. The recently launched Amega App is also a beneficial addition, providing access to the Ideas Hub, market updates, free signals, and trading on the go.
The minimum deposit to start trading is just $20.
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, Perfect Money, 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 accept crypto deposits and withdrawals.
For any customer support needs, Amega can be contacted by phone, email or live chat between 8 am and 5 pm (GMT+3) 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.
