There are a lot of questions asked in the marketplace whether AMarkets is legit or not. As a result, I decided to investigate and do an in-depth review of Amarkets to know if it is worth your time and money.
A-Markets is a Forex and CFD broker that offers trading in many assets spanning commodities, indices, stocks, currency pairs, and cryptocurrencies. They have their address at Marshall Islands, and AMarkets Ltd owns them.
Who is AMarkets?
AMarkets is a Forex broker that offers brokerage services in Forex, CFD, Cryptocurrencies. The broker provides technical analysis, news updates, forex signals, analytics, and trading signals for free for every client.
AMarkets is a forex broker. AMarkets offers the MT4, MT5, and AMarkets trading currency platforms. AMarkets.com offers over 100 currency pairs, crypto, stocks, indices, gold, and silver for your investment and trading options.
Admiral Markets is a regulated brokerage firm based in the United Kingdom, licensed by the Financial Conduct Authority (FCA) of the United Kingdom and the Australian Securities and Investments Commission (ASIC) of Australia. The broker offers trading services in more than 30 countries with offices spread around the globe to serve its clients.
AMarkets also offers CFD trading. The company is headquartered in St Vincent and the Grenadines, a known offshore zone for financial companies. Although it has been in existence for more than two decades, Admiral Markets has not been able to penetrate key markets like South Africa, Canada, and India. However, this does not make it a lousy broker as Admiral Markets can be trusted since it is regulated by some of the world’s most authorized regulatory bodies.
This broker caters to the needs of different traders by offering various account types with other features and conditions. Traders can choose from the Standard, Micro, Zero Spread, and ECN account type. The minimum deposit to trade with AMarkets is $100, considered standard for the industry.
There are three ways to fund your account: with a bank card (VISA or MasterCard), bank transfer (domestic or international), and through an e-wallet like Skrill or Neteller. The processing time for all deposit methods is instant, except for wire transfers which may take up to 3 business days to complete.
Is AMarkets a reliable Forex Broker?
A-Markets is not regulated by any significant financial authorities such as CySEC, ASIC, or the FCA. Their unregulated status means that you are not protected from fraud if you deposit money with them. It also means that it’s straightforward for them to scam traders as no law stops them from doing so. It is not simple for an unregulated broker to get regulation from these major watchdogs such as CySEC or ASIC, as it requires a lot of capital. The minimum capital requirements for the best regulators in the world are very high, and this serves as a deterrent for unscrupulous brokers who can’t afford it but would still like to scam traders.
Is AMarkets Legit?
Yes, AMarkets is a legitimate company. Admiral Markets is a regulated brokerage firm based in the United Kingdom, licensed by the Financial Conduct Authority (FCA) of the United Kingdom and the Australian Securities and Investments Commission (ASIC) of Australia. It ensures that financial companies comply with Vanuatu’s economic laws and regulations. AMarkets has been in operation for more than ten years and is headquartered in Cyprus.
AMarkets has a good reputation. They are a registered broker with the Financial Commission (FinaCom PLC), an independent third party that provides dispute resolution services to traders. They have not been fined or sanctioned by any regulator, which is a good sign. They do not have negative reviews online either. They are fully transparent about their company and have many positive customer reviews on TrustPilot, an independent review site. For more information, you can visit the Traders Union website. Also, check out top Forex brokers for 2022 at Traders Union.