AMarkets Review 2020

AMarkets is a renowned Forex broker providing online trading services to traders. AMarkets has been in the market for 11 years providing quality order execution and exemplary service to the traders. The broker is regulated by the Financial Commission which is an independent self-regulatory body.

  • Start year:2007
  • Country of origin:Russia
  • Regulation:КРОУФР
  • Payment options:Credit/debit cards, FasaPay, Neteller, Perfect Money, QIWI, UnionPay, WebMoney, Wire transfer, Yandex.Money
  • Minimum account size:$10000
  • Minimum lot size:0,01 lot
  • Leverage:1:200
  • Spreads:0,3 points

Accounts

As an AMarkets trader, which trading accounts can you open? You have four accounts to choose from, depending on the type of trade you want to execute.

Fixed account

The fixed account allows instant execution. The account also has no limitations to initial deposits. No commission is required with this type of account. Leverage provided goes up to 1:1000 and fixed spreads ranging from 3 pips. The currencies used for this account are USB and EUR.

Standard account

The standard account allows for both instant and market execution. Also, with this account, there are no limitations to the initial deposits. Just like the fixed account, the leverage for the standard account is also 1:1000. However, the spreads float from 1.3 pips. There are no commissions for this account type and the currency used is USB and EUR.

ECN account

The ECN account deals with market execution. The account type, however, has an initial deposit of $500. Leverage goes up to 1:100. With this account, there is a commission of $5/ £5 per 1 lot. The spreads float from 0 pips and two currencies are used, that is USD and EUR.

Bitcoin Account

The Bitcoin account allows market execution. There are no limitations to the initial deposit. The leverage goes up to 1:100 and the spreads floating from 1.3 pips. There are no commissions for this account type and the currency used is the BTC.

Funding

To open an account, you will be required to have a minimum of $1. Considering the quality of the execution, you will get with the broker; the amount is very fair. Most of the brokers ask for up to $100 to open any account type they have available. For an ECN account, a minimum of $1000 is required.

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