Quick Links

• Our Review Method

• Is AMarkets Scam or Legit broker?

• What is AMarkets?

• Overall AMarkets Ranking

• Deposits and Withdrawals

• Apps

• Demo Account

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding AMarkets due to the issues we've identified.

Is AMarkets Scam or Legit broker? ▲

AMarkets falls into a category of brokers that raises significant concerns regarding its legitimacy and security of investments. It is not affiliated with any globally recognized financial regulatory body, casting doubts on its reliability and trustworthiness. The broker's registration under the Financial Services Authority (FSA) in Saint Vincent and its membership with The Financial Commission cannot substitute for the stringent oversight provided by reputable regulatory authorities. The lack of serious regulatory backing suggests that AMarkets is a high-risk trading environment, potentially classified as a fraudulent entity, operating without the necessary legal compliance and customer protection measures in place.

What is AMarkets? ▲

AMarkets emerges as a provider of Forex and CFDs trading services, utilizing the renowned MT4 and MT5 platforms to cater to traders across the CIS, Asia, and Europe. Despite striving to deliver quality services and support, AMarkets' credibility is severely compromised by its regulatory status. Operating from an offshore jurisdiction known for minimal regulatory requirements, AMarkets positions itself among various dubious brokers, making it an unattractive choice for traders seeking a secure and regulated trading environment. Membership with the Financial Commission, although notable, does not compensate for the absence of stringent regulatory oversight, leaving significant gaps in client protection and trading security.

Overall AMarkets Ranking ▲

Upon thorough examination and comparison with over 1000 other brokers, AMarkets receives a disheartening overall score of 0.4 out of 5. This low ranking stems from serious concerns about its regulatory status, reliability, and the safety of trader's investments. When juxtaposed with other leading brokers in the industry, AMarkets' offering falls short, particularly in areas critical to ensuring trader's security and trust.

Deposits and Withdrawals ▲

Information on Deposits and Withdrawals

AMarkets’ process for deposits and withdrawals, while offering various payment methods, remains overshadowed by its regulatory uncertainties. The absence of stringent regulatory oversight raises questions about the safety of funds and the integrity of financial transactions. Traders considering AMarkets should proceed with caution, as the broker's offshore status may complicate financial operations and potentially expose traders to unforeseen risks.

Apps ▲

Trading on the Go with AMarkets

AMarkets provides mobile trading capabilities through the MT4 and MT5 apps for both iOS and Android devices, recognizing the importance of accessibility and flexibility in trading. These apps allow traders to manage their accounts and execute trades from anywhere, at any time. While mobile trading features are commendable, they cannot overshadow the crucial shortcomings related to AMarkets' regulatory and security concerns.

Demo Account ▲

Practicing Trades with AMarkets

AMarkets offers a demo account, enabling traders to acquaint themselves with its trading platform and test trading strategies in a risk-free environment. While the provision of a demo account is a positive aspect, it's essential for traders to consider the broader context of AMarkets' regulatory deficiencies and the potential risks involved in transitioning to a live trading environment with this broker.

Conclusion ▲

Despite the allure of its trading offerings, AMarkets is marred by significant regulatory and security issues that cannot be overlooked. The broker's offshore status and absence of reputable regulatory oversight render it an unreliable choice for traders prioritizing the safety of their investments and the integrity of their trading environment. In the realm of Forex trading, where the protection of funds and fair trading practices are paramount, the importance of choosing a broker regulated by esteemed authorities cannot be overstated. Therefore, our final assessment and experience with AMarkets are overwhelmingly negative, urging traders to exercise caution and seek more secure and transparent trading partners.

Pros and Cons

Pros:

• Provides access to the popular MT4 and MT5 trading platforms.

• Offers mobile trading apps for iOS and Android.

• Includes a demo account for practice trading.

Cons:

• Lacks regulation from any reputable financial authority.

• Registered in an offshore jurisdiction, raising serious safety concerns.

• Membership with the Financial Commission does not ensure adequate protection.

• The overall ranking and trader experience with AMarkets are significantly negative.