Information
AMarkets, an international broker, has evolved significantly since its establishment in 2007. Initially named Adrenalin Forex, it underwent a series of rebrandings, first to AForex in 2010 and eventually to AMarkets in 2015. This change was more than nominal, representing a shift from focusing solely on the Russian Forex market to becoming a prominent player in international trading, dealing in Forex, metals, and CFDs. The company has broadened its range of trading tools and introduced a suite of additional services for VIP clients, enhancing the overall quality of its offerings. Advanced technologies like STP, NDD, and ECN have been incorporated to expedite order execution.
Services Offered by AMarkets
AMarkets provides an array of services including:
- Trading in currencies, metals, and CFDs on commodities and indices.
- Copy trading through the xSocial platform.
- A system for PAMM-accounts.
- Market analytics and investment ideas.
- An economic sentiment indicator.
- AutoChartist signals.
- VPS server facilities.
- Free expert advisors.
- Education on trading.
- An affiliate program promising profitability.
Regulatory and Account Details
Regulated by the Russian Financial Commission, AMarkets offers a degree of accountability. In the event of a dispute, the Commission can offer compensation up to $20,000 from its insurance fund, although its non-state nature suggests a lower trust level.
AMarkets provides four account types:
- Classic Account: Suitable for beginners, with no minimum deposit, fixed spreads starting from 2 pips, and 4-digit quotes.
- Direct Account: Similar to Classic, but with floating spreads from 1.3 points and 5-digit quotes.
- ECN Account: Ideal for experienced traders, offering near-zero spreads and direct transactions to the interbank market. A minimum deposit of $1,000 is required.
- Institutional Account: Designed for professionals, offering zero spreads (with a $20 fee per lot) and a $100,000 minimum deposit.
Trading Features
- Scalping and automated trading are allowed.
- The PAMM-account system is available for investors and managing traders.
- The broker also offers copy trading services via xSocial.
Pros and Cons
Based on reviews from Compare Brokers, FXEmpire, and Traders Union, the pros and cons of AMarkets can be summarized as follows:
Pros
- A diverse range of trading instruments.
- Multiple account types catering to different levels of traders.
- Comprehensive customer support including 24/7 service.
- Robust trading platforms and tools, including MT4 and MT5.
- Competitive trading conditions for ECN accounts.
- A significant global reach and client base.
Cons
- Limited regulatory oversight, with entities based offshore.
- Withdrawal fees and wide spreads on some instruments.
- Lack of availability in certain countries like the USA and Japan.
- High minimum deposit for certain account types.
- No negative balance protection.
Geographic Reach and Popularity
AMarkets enjoys considerable popularity in several countries, with notable presence in Russia, Ukraine, Uzbekistan, Indonesia, and Turkey among others. The brand’s recognition reflects trust from a broad client base.
Educational Resources
AMarkets offers a substantial range of educational resources, making it a suitable platform for beginners to learn trading.
Conclusion
In conclusion, AMarkets has established itself as a reliable broker offering a wide range of services and tools. Its global presence, coupled with a focus on technological advancement and customer service, makes it an attractive choice for traders at various levels. However, potential users should be aware of the limitations regarding regulatory oversight and the associated risks.
For a more detailed and updated review of AMarkets, you can visit Compare Brokers, FXEmpire, Traders Union, Forex-Ratings, and IamForexTrader websites.
