AMarkets Review | Complete Online Broker Verdict
AMarkets is a forex broker registered in 2007 in Saint Vincent and the Grenadines. The website lets you trade with a minimum deposit of $100 and has mobile trading options for iOS and Android. In today’s AMarkets review, we’ll cover the broker’s main features, tools that offer leverage, and more.
In a time when choosing a viable and reliable online brokerage firm can be difficult and overwhelming, let’s find out the truth about this broker and whether AMarkets is a scam or a legitimate place to deposit your funds. indicate.
Amarkets Broker Review: Is It Legit?
The main problem with most brokers online is that they are unreliable and most of them are scams and trick users into trading.Our goal at DC Forecasts is to make better decisions. and shine a light on a popular online trading broker called AMarkets. According to AMarkets reviews, this broker is popular and has a lot of endorsements over the years.
One thing worth noting is that AMarkets is a member of the Financial Services Commission. It is an independent external dispute resolution organization that enables traders and brokers to resolve disputes quickly, efficiently and impartially. There is insurance up to €20,000 per claim from the Compensation Fund, and the quality of order execution is audited and evaluated monthly by an independent service.
Copy trading on AMarket
For those of you who don’t know, copy trading is basically an advanced investment service where traders can earn income in the financial markets by copying trades following specific strategies of experienced traders. increase. Investors reading this his AMarkets broker review should know that they have full control over their funds and that they can adjust their level of risk. Profits are earned through commissions for using strategies.
bonuses and promotions
Regarding bonuses and promotions, according to AMarkets online review, this broker regularly holds promotional events to help clients increase the profitability of their trading. Every new client who chooses a standard or fixed account type on the MetaTrader 4 platform can use a welcome bonus offer based on his double of the first deposit amount.
There are also loyalty programs where the broker returns a portion of the spread and cashback programs based on multi-level marketing (MLM). The more trading activity your clients show, the more funds you can return to your trading account.
There are four main accounts that you can choose from when trading on AMarkets, depending on the type of trading you wish to perform. This results in:
- Fixed account: Here you can make instant executions and there are no limits on the first deposit. There are no commissions, leverage up to 1:1000 and fixed spreads of 3 pips. The main currencies are the US dollar and the euro.
- Standard account: The Standard account has no initial deposit limit (similar to the fixed account) and leverage is 1:1000. However, the spread fluctuates from his 1.3 pips and there are no commissions.
- ECN account: Many AMarkets reviews indicate that this account type deals with market execution. The minimum deposit is $500, the maximum leverage is 1:100 and the commission is $5 per lot. Besides USD, there is support for EUR and the spread floats from 0 pips.
- Bitcoin account: There is no first deposit limit, leverage is 1:100 and spreads flow from 1.3 pips. Also, there are no fees for this account type and the primary currency is his BTC.
As for the trading platform, you can choose between MetaTrader4 and xStation. Both are popular and are featured in this AMarkets review. It is also suitable for providing traders with the best possible trading experience.
So should you trade on AMarkets?
Eventually. AMarkets is a good forex broker and a reliable one, but not the best. The broker has managed to secure a proper name in the forex market and a quick look at AMarkets reviews online shows that there are a lot of users trading there. However, there may be other limitations and issues that need to be resolved.
https://www.dcforecasts.com/reviews/amarkets/ AMarkets Review | Complete Online Broker Verdict