AMarkets review 2020
At the currency market Forex you can meet a large number of participants – not only individuals, but also various firms, funds, banks, brokers, exchanges. Each of the participants performs its task. In order for a private trader to enter the Forex market, it is necessary to conclude a contract with a broker, which, in fact, is a link between the market and a person.
There are many brokerage companies today. They differ from each other in the range of services offered to clients, trading conditions, the amount of commission, etc. In order to choose a suitable broker, a future trader needs to analyze the companies available on the market, read the offers, independent ratings and read reviews.
We present an overview of one of the Forex brokers – AMarkets.
The Сompany focuses on professional trading and the success of its clients, providing them with different trading tools and services for free. AMarkets is the official member of the Financial Commission which means that every trader has 20 000 EUR protection per each claim.
AMarkets : spreads and commissions
Like many other brokers, AMarkets earns on spreads, i.e. the difference between the amount of currency sold and bought. The spread in the Standard Account is floating and is 1.3 pips. There is an account with fixed spread, it is equal to 3 pips.
On some accounts there is a commission for lots. On Institutional account it is 20 USD per lot, on ECN account it is 2.5 USD, 2.5 EUR or 175 RUB.
What can you trade with AMarkets?
AMarkets allows trading currencies, shares, bonds, metals, indices, commodities, including coffee, cotton, corn, etc.
AMarkets is available for trading:
- 42 currency pairs;
- 2 metal pairs;
- 16 pairs of goods
- 7 crypt currency pairs;
- 16 indexes;
- 72 CFD.
Globgal experience with AMarkets
Available platforms and applications
AMarkets provides its clients with two most popular trading platforms in the World: MetaTrader 4 and MetaTrader 5. You can choose from desktop versions, mobile applications or Web-terminal. Moreover, the signal copying system RAMM is available for traders and investors from all other the World.
There are four account types available in AMarkets: from Standard for beginners to Institutional for serious market players. Accounts can be opened in roubles, euros or dollars. The Institutional currency selection is limited to dollars. The minimum deposit is 100 USD or EUR, or 5000 RUB. The minimum trade is 0.01 lots.
Withdrawal of funds from the account in most cases is made instantly. Transfer to a card can take from 1 hour to 3 hours. Bank transfer – from 3 to 5 working days.
AMarkets offers its clients a developed system of technical support. You can apply for help by phone, e-mail, WhatsApp or Telegram messenger, online chat on the company’s website. The service is available 24 hours a day, Monday to Friday. Support is available in different languages: Russian, English, Ukrainian, Kazakh and Persian. The answer time in online chat is about 1 minute.
The company also offers training in trading: basic course for beginners, webinars, offline conferences and seminars for more experienced traders.
How to open an account with AMarkets?
In order to open a simple account you need to enter your name, email address and phone number on the AMarkets website. After that the client will be transferred to the account data page: numbers and password. To start trading, you will need to download MetaTrader platform and deposit funds into your account. The account can be funded with a card or payment systems Qiwi, Yandex, WebMoney and others.
When you open a demo account, the trading platform will be opened in your browser immediately after entering your registration data. Opening an Institutional account is a bit more complicated.
You need to submit an application and scan the following documents: passport and the second document (it may be rights), bank account statement, utility bill receipt. It is also necessary to fill in a questionnaire indicating sources and level of income, to confirm your trading experience.
Get an exclusive 25% trading bonus within 48 hours after the registration. Maximum bonus amount is $5000. To activate the bonus you need to send a request to your account manager or the AMarkets’ support desk
Account replenishment methods
In general, AMarkets as a Forex broker is trusted. Content site, prompt technical support, training opportunities, fast account opening. No significant disadvantages were found in the analysis.