Overview of AMarkets 2021
AMarkets is a broker that allows its clients to work on the exchange without their own intervention. Brokers of this type are called -ECN-brokers. The company was established in 2007 and is registered in the island state of Saint Vincent and the Grenadines. Initially, the target audience consisted of clients residing in Latin America, Asia and the CIS. Now the broker has offline offices in Europe, Asia and Africa. According to the latest data, the audience of the broker is not less than 350,000 people.
Among the assets offered, you will find Forex and CFD contracts. The software is presented by two platforms, and the number of accounts allows traders of any level to choose the most comfortable conditions for work at the exchange. All the most popular trading tools are represented, including copy trading and Autochartist.
MT4 is the most famous trading platform from all over the world. It supports both the simplest tools for basic market analysis and powerful analytical capabilities for the most demanding players. It contains 30 indicators for technical analysis and nine time intervals. You can use the built-in strategy tester to test your strategy. If necessary, you can activate the trading robot, get access to the most important news.
MT5 is a more modern trading terminal, in fact it is MT4 with an increased toolkit. The number of indicators has been increased due to the growing needs of market participants.Here the trader gets 38 indicators that are already part of the platform, the number of timeframes, as compared to MT4, has increased by 12, and is 38. To plan transactions on upcoming economic events, the trader is offered to use the calendar of economic events. It is possible to create an order with specific parameters to be triggered when the market reaches the desired indicators (6 types of orders). There is live chat, hedging and DoM options (This is the so-called market depth, where you can see all the buy and sell orders, so you can determine the mood of the market for a particular asset).
A wide range of assets represented by AMarkets consists of currency pairs (42). This is enough for the most demanding players, cryptocurrencies – Bitcoin and six Altcoins with the largest capitalization, bonds – two futures: Eurobond and 10-year Treasury bonds (are as the rules of the corporation or state in a foreign currency, usually the minimum value of the bond at the $1,000 level. Have a certain term, at a certain time coupons are paid in the currency of the bond), stocks – with good predictability, such as Tesla, Google, Facebook, Amazon etc., seven types of metals, including silver and gold. For customers planning long-term investments, the company offers investments in indices, of which there are about sixteen, and raw materials – eleven assets.
AMarkets offers a variety of asset classes, from currencies to commodities:
- Forex – 42 major, minor and exotic currency pairs, including EUR / USD
- Cryptocurrencies – 7 digital coins are available, including Bitcoin and Ethereum.
- Bonds – 2 futures bonds are available: Euro Bund and 10-year Treasury bonds.
- Shares – 144 popular global shares such as Amazon and Pfizer Inc.
- Metals – 7 precious metals including gold, silver and copper.
- Indexes – 16 indexes including FTSE 100 and Dow Jones
- Commodities – 11 energy and agricultural products
Spreads and commission
The spreads are different for each asset and depend on the type of account. For example, trades opened on the currency market have the smallest spread, which starts from 0.2 pips, oil from 3 pips, gold from 21 pips. I would like to point out that standard accounts have wider spreads, for example, on the currency pair EUR/USD, the spread already starts from 1.5 pips.
Overview of leverage
For ECN accounts, the leverage offered by the company is 1:200, for standard accounts, its value is much higher – 1:1000. You shouldn’t be happy about high leverage; for a professional, it will bring you profit but for a beginner it will lead to loss or high risk.
The ease of use of the platform does not depend on the type of software, the speed of execution of transactions is the same when using the desktop version of the software, and when working with MT application, which is available for download in AppStore and Google Play.
You can pay your account by international bank card, direct transfer to the company details, and with the help of electronic payments – Skrill and Fasapay. All costs of making a deposit, the company takes care of, the speed of receipt of funds depends on the method of deposit and, in most cases, enrollment is instant. Fisks exclusion is interbank transfer by requisites, here the term may take up to 5 days.
The company states that there are fees for withdrawals from your trading account. The level of commissions from 0.5 percent for Perfect Money and Fasapay, 2.2 percent if withdrawing funds to the bank card, and at the bank’s rate for the withdrawal of profits immediately to the bank account. The minimum fee is $10 per transaction. Withdrawal time will not differ from the time required to credit the trading account.
A demo account, as in many companies, is provided without payment with a balance of $10000 virtual dollars.
Due to the fact that the broker is regulated offshore, the company can provide bonuses to attract customers, for example. A bonus of 25 percent if starting from $500 American dollars.
The company places self-study materials on its website, where traders will also find news bulletins on the most current topics and a blog. Where you will learn about the most important trends in the world of finance. A calendar of upcoming events in the world of economy, which can influence the quotes, is also presented on the website. The client can use the margin calculator and the copy-trading service which allows to get income at the level of half of the investor’s income when opening a deal.
It’s enough to understand the accounts offered; each of them suits a trader with certain goals and experience. The variety of accounts consists of three main accounts: ECN, Standard and Fixed. Also there is an Islamic account (without swaps), PAMM and RAMM – accounts.
The Company has set the minimum initial investment amount at the level of 100 USD, and for the ECN account – 200 USD. The minimum lot volume is the same for all accounts – 0.01 lot. Company’s commission is present only on ECN account. Company’s client is protected from the negative balance.
There are also disadvantages with this broker, one of the main ones is the regulation by a little-authoritative organization located in an offshore zone. And the second is the small amount of materials that traders could use to improve their professional skills, in particular, we have not found any videos.
The disadvantages of registering with AMarkets include:
- Offshore regulation
- No tutorial videos or webinars
⦁ AMarkets offers 24/7 support from Monday to Friday:
- Email – firstname.lastname@example.org
- WhatsApp – +44 77 234 229 89
- Phone – +44 330 777 22 22
⦁ Both MetaTrader platforms use industry standard security procedures, including Secure Sockets Layer (SSL) encryption, to protect data exchanged between servers. Traders can also add two-step verification on login, which protects against hackers from entering from an unknown device.
Working with this broker, you will be assured of the safety of your personal and financial data thanks to the company’s internal rules and the use of two-factor encryption. It’s possible to add additional verification when authorizing a client on the platform. The MetaTrader platforms use standard security procedures, including encryption.
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