AMarkets

AMarkets is an online forex and CFD broker operating under the brand name AMarkets, run by AMarkets LTD and trading since October 2007. The group is headquartered offshore and serves retail clients across Asia, the CIS, the Middle East, Africa and Latin America through a network of localised regional sites.

Regulation. AMarkets holds licences from offshore authorities only. Its trading entities are licensed by the Mwali/Moroni International Services Authority in the Comoros under number T2023284, by the Financial Services Commission in the Cook Islands under number LLC14486/2023, and by the Financial Services Authority in Saint Vincent and the Grenadines under number 22567 BC 2015. None of these is a top tier onshore regulator such as the FCA, ASIC or CySEC, and none of the three offers a statutory investor compensation scheme. Clients therefore carry more counterparty risk than they would with an onshore licensed broker, and dispute resolution is limited to the broker's own complaints process. WIKILIX has not been able to confirm these licences against the regulators' own public registers, so they should be treated as claims supported by the certificates the broker presents.

Accounts and trading conditions. The broker offers a Standard account from a 100 USD minimum deposit with no commission on selected instruments, an ECN account from 200 USD charging about 2.50 USD per lot per side, and a Zero Spread account from 200 USD charging about 5.50 USD per lot per side. A swap free Islamic option is available across the account range. Leverage runs as high as 1:3000, which is far above the caps applied in regulated markets and can erase an account balance very quickly. Traders should size positions on the leverage they actually need rather than the maximum on offer.

Platforms. MetaTrader 4 and MetaTrader 5 are both available, alongside the broker's own mobile application and a copy trading service. The MetaTrader platforms carry the familiar charting, automated trading and expert advisor support that most clients expect.

Funding. Deposits and withdrawals are handled by card, cryptocurrency and the Volet e-wallet. Card withdrawals carry a fee of around 1.8 per cent with a 5 USD minimum and a 3,000 USD ceiling per transaction, Volet charges roughly 0.5 per cent on both directions with a 10 USD minimum, and stablecoin withdrawals in USDT or USDC carry a flat charge of about 1 USD. Bank transfer is not currently supported.

Support. Clients can reach the broker by live chat during business hours, by email at support@amarkets.com, or by telephone on +44 330 777 22 22. Support is offered in English alongside the languages covered by the regional sites.

Who it suits. AMarkets suits experienced traders in regions where onshore brokers are hard to access, who value high leverage, low entry deposits, fast crypto funding and MetaTrader access, and who understand what an offshore licence does and does not protect. Traders who want segregated client money backed by a compensation scheme, a statutory ombudsman and leverage caps should look to an onshore regulated firm instead. As with any leveraged CFD trading, losses can exceed expectations and only risk capital should be committed.