Amega review and ratings

Established 2017
Location Saint Vincent and the Grenadines
Regulation None
Offices Kingstown
Broker type STP | ECN
Leverage up to 1:1000
Deposit from 1 USD
Spreads low  low
Platforms Web MetaTrader 4 MetaTrader 5
Instruments Currencies Crypto Indices Metals Energies Stocks
Funding methods Wire Transfer Perfect Money Bitcoin Bitсoin Cash Ethereum Liteсoin Dash Ripple Tether EcoPayz AstroPay

Company information

Amega is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.

Availability

Amega accepts clients from all over the world, excluding USA and some other countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

30+ Currency Pairs Based on major and minor world currencies.
13 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, Ripple, Stellar, Uniswap, Doge, Neo, Miota, Link, EOS.
10 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal CFDs Based on Gold and Silver.
2 Energy CFDs Based on Crude Oil (WTI, Brent).
40+ Stock CFDs Based on shares of US companies.

Comprehensive review

Set up in 2017 and registered offshore in Saint Vincent and the Grenadines, 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 4 & 5 platforms.

As an offshore forex broker, it’s important to note that Amega is completely unregulated. However, this also brings some benefits for users, especially in terms of trading leverage and the ability to fund new accounts with cryptocurrency. In addition, the account sign-up and verification process is usually also much easier to go through with unregulated brokers.

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, which 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 of about 40 US-listed companies.

Other than these shortcomings, Amega’s offering is pretty good, with a wide selection of forex pairs, cryptocurrencies, 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 type first and foremost depends on whether the client wants to trade on the MT4 or MT5, and secondly on what type of strategy the trader employs.

The account types are categorized as either Premium, Standard or Scalper, with the Premium option obviously being the most elite type. However, this trading account also requires the highest minimum deposit, with USD 1,000 necessary to start trading. For all the other account types, no minimum deposit is required.

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

Another great thing about Amega is the welcome bonus it offers to all new clients. The bonus, worth USD 40 at the time of writing, can be claimed by any new users, even without making a deposit first, and hence gives traders the opportunity to trade without any risk on their part.

For users who decide to take the step and fund their new trading account with real money, Amega accepts deposits via either international bank wire transfer, the e-wallets PerfectMoney, EcoPayz, Jeton Wallet and AstroPay, or directly with a whole range of cryptocurrencies. At the time of writing, this included bitcoin, bitcoin cash, ethereum, litecoin, dash, ripple xrp and the stablecoin tether usd, to name just a few.

For any customer support needs, Amega can be contacted by email, live chat or the messaging app Telegram between 7 am and 2 pm UTC time on weekdays. Unfortunately, the broker has not provided any direct phone number clients can use, but instead chosen to rely entirely on written communication.

For clients in Vietnam, a separate support department has been set up that can be reached via email on weekdays from 10 am to 6 pm local time.

In conclusion, we believe it should be reiterated that Amega is an offshore forex broker that is not regulated by any government agencies. As such, deposits should only be made once a new user fully trusts this broker. Having no regulation also means that there are no compensation schemes in place in case the broker goes out of business, and this should also be kept in mind.

Having said that, however, the leverage available from Amega is certainly attractive, and the selection of trading instruments and opportunity to fund accounts with cryptocurrency could make it an attractive broker overall.

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