Home Forex Brokers AMarkets Review

AMarkets Review

665
0

AMarkets is a leading online broker offering a comprehensive range of trading services for both beginner and advanced traders. Founded in 2007, the company has steadily built a reputation for reliability, transparency, and innovation. With a broad selection of trading instruments, including Forex, commodities, stocks, and indices, AMarkets caters to a diverse clientele worldwide. This review delves into the distinguishing features of AMarkets, assessing its platform, pricing structure, customer service, and the unique benefits it offers to its users.

Features

AMarkets offers a range of features to enhance the trading experience for its clients. Here are some notable features:

  1. Multiple Account Types: AMarkets provides various account types to cater to different trader profiles, including demo accounts for beginners, standard accounts for regular traders, and ECN accounts for advanced traders.
  2. Trading Platforms: AMarkets offers a selection of robust and user-friendly trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned in the industry for their advanced charting tools, customizable interface, and automated trading capabilities.
  3. Wide Range of Tradable Instruments: Traders can access a diverse range of financial instruments on AMarkets, including forex currency pairs, stocks, commodities, indices, and cryptocurrencies. This enables traders to diversify their portfolios and take advantage of various market opportunities.
  4. Competitive Spreads and Commissions: AMarkets aims to provide competitive pricing to its clients. They offer tight spreads on major currency pairs and other tradable instruments, along with low commissions on trades.
  5. Leverage Options: Traders on AMarkets can utilize leverage to amplify their trading positions. The leverage options vary depending on the account type and instrument being traded, providing flexibility for different risk preferences.
  6. Educational Resources: AMarkets is committed to empowering its clients with knowledge and skills. They offer a range of educational resources, including webinars, video tutorials, articles, and trading guides to help traders enhance their understanding of the markets and improve their trading strategies.
  7. Risk Management Tools: AMarkets provides risk management tools to assist traders in managing their exposure effectively. These include stop-loss orders, take-profit orders, and trailing stop orders, which help limit potential losses and protect profits.
  8. Mobile Trading: AMarkets offers mobile trading capabilities through its trading platforms. Traders can access their accounts and trade on the go using smartphones and tablets, ensuring they never miss out on trading opportunities.
  9. Customer Support: AMarkets is known for its responsive customer support team that is available 24/5 to assist clients with any inquiries or issues they may have. Support is offered through various channels, including live chat, email, and phone.

It’s important to note that features may vary depending on the specific account type and regulatory requirements in different regions. Traders are advised to review the official AMarkets website or contact their customer support for the most up-to-date information on features and offerings.

See What Everyone’s Talking About: Our 5-Star Excellence
#1
Discover why more businesses are choosing TechBerry as their go-to mobile app and explore ten reasons why it stands out from the competition.
Our rating:
5.0/ 5.0
#2
Learn all about the leading online broker, Topstep Forex, including features, fees, and customer reviews. Get a comprehensive overview of this top forex platform before you start trading!
Our rating:
4.2/ 5.0
#3
Learn how TrendSpider can help you take advantage of market opportunities and make more informed decisions.
Our rating:
4.0/ 5.0
#4
Read our comprehensive review of SurgeTrader to find out if it's worth your time and investment.
Our rating:
3.7/ 5.0
#5
Unlock all the secrets today with this comprehensive resource!
Our rating:
3.3/ 5.0

Account Types

AMarkets offers three main types of accounts to cater to the varied needs of traders:

  1. Demo account: This account type is ideal for beginners who are new to online trading. It allows traders to practice and learn the ins and outs of trading without risking any real money. It’s also a great way for experienced traders to test new strategies without incurring any real loss.
  2. Standard account: This account type is designed for regular traders. It offers a balance of affordability and a wide range of trading features. Standard account holders can trade on all the instruments offered by AMarkets, enjoy reasonable spreads and leverage, and have access to all educational resources.
  3. ECN account: This account type is tailored for advanced traders and professionals. ECN (Electronic Communication Network) accounts provide direct access to the interbank market, allowing for faster execution of trades, tighter spreads, and higher liquidity. ECN account holders have the flexibility to trade on high volumes and can take advantage of more competitive pricing.

In addition to these, AMarkets also offers Islamic accounts that are compliant with the Sharia law. These accounts do not incur or pay interest, adhering to the principle of no ‘Riba’ in Islamic finance. Traders are advised to review the terms and conditions of each account type thoroughly and choose the one that best suits their trading style and risk tolerance. It’s also worth reaching out to AMarkets’ customer support for any clarification or further information.

Trading Platforms

AMarkets provides access to two of the most well-respected trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

  1. MetaTrader 4 (MT4): MT4 is widely recognized for its user-friendly interface, superior charting tools, and robust technical analysis features. It enables automated trading through the use of Expert Advisors (EAs), which can execute trades based on predefined strategies even when the trader is away from their computer. MT4 also allows for customization, allowing traders to tailor the platform to their specific needs and preferences.
  2. MetaTrader 5 (MT5): An upgrade from MT4, MT5 offers additional features such as more timeframes, advanced market depth, and improved order management capabilities. It also supports algorithmic trading and provides more technical analysis tools. Like its predecessor, MT5 allows customization and automated trading through EAs.

Both platforms are available on desktop for Windows and Mac users and also feature mobile versions for traders who want to keep track of the markets on the go. The mobile applications are available for both iOS and Android devices, offering full trading functionality, real-time charts, and technical analysis tools. A web-based version is also available for those who prefer to trade directly from their browsers without having to download any software.

Regardless of the platform you choose, AMarkets provides full support and step-by-step guides to help you navigate and make the most out of your trading experience.

Advantages

  • Competitive and transparent spreads
  • Leverage of up to 500:1 in some regions
  • Educational resources to help traders enhance their knowledge and trading skills
  • Risk management tools, such as stop-loss orders and take-profit orders, to protect profits and limit losses
  • Mobile trading capabilities for on-the-go access
  • Support is available 24/5 through live chat, email, and phone

Disadvantages

  • Limited product portfolio for some regions
  • Fees may apply for deposits and withdrawals depending on the payment method used
  • High minimum deposit requirements in some regions
Go to AMarkets website
REVIEW OVERVIEW
Account Types
9
Trading Platforms
9
Customer Support
7
Fees
8
Education Resources
6
Previous articleIC Markets Review
Next articleVantage Review

LEAVE A REPLY

Please enter your comment!
Please enter your name here

4  +  6  =