AMarkets. Can you use them without any problems?
There are a huge variety of brokers that you can choose from when you are considering trading online. However, this is the problem. There are too many brokers. Not many of them are legit and so many of them aren’t registered or regulated.
AMarkets are one of the brokers that you can choose online. But, you need to make sure that they are legit and recommended before you can register and deposit any money with them. This is what we could found out about them.
AMarkets are known as forex and CFD brokers. They are offshore brokers and is situated in Saint Vincent and the Grenadines. AMarkets do offer a variety of cryptocurrency pairs that you can choose from for trading.
With further investigation, we found that they have a valid address, email and telephone number. However, this is all the information that we could find about them as a company.
Are they registered and regulated?
One of the most important things that you should make sure about before you start using a broker is if they are registered as international brokers and if they are regulated. This is to protect you as a trader.
With AMarkets it has been found that they aren’t registered internationally. There are claims that they are registered in the country of origin. However, there isn’t any proof. The most important thing to know is that they aren’t regulated. Meaning that they can basically do anything they want to do. There aren’t any rules that they need to obey, and no one to make sure that they are legit. Making them risky to use.
Account and minimum required a deposit
The great thing about AMarkets is that they are offering four different accounts. They are offering the Classic, Direct, ECN and Institutional account to traders. Making it easier to choose an account that will be best for you.
With the minimum required deposit, we are also impressed. They only ask a minimum required deposit of $1 for the first two accounts. The ECN account has a larger deposit requirement of $1000 and the Institutional account is the most expensive account with a huge deposit of $100,000. This is a huge amount and can be risky. They are also offering an Islamic account with a deposit of $1000.
The platform that they are using
This is one of the benefits of using AMarkets. They are offering one of the best platforms on the market. They are offering the MT4 platform. Most traders know that this is a great and reliable platform that only a couple of brokers are making use off.
However, this doesn’t mean that this is now a recommended broker, just because of the platform that they are offering to their traders.
Bonusses available with terms and conditions
Something else that you won’t get with many other brokers is the bonusses that they are offering. This sounds great and this is always a way to get traders to register and to start using them for trading.
One thing that you should make sure about, is that you are reading the terms and conditions before you are going to register with them, for the bonusses that they are offering. You might just be disappointed when you read the terms before you can qualify for the bonus.
No history information about the company
This is something that is strange to us. With most companies, even those online, there is always a history. A history like the founders of the business, the founding date and some of the brokers that you can work with online.
With AMarket, you will not find any of this information. Not on their site, and not anywhere else on the internet. Making us wonder why aren’t there any other information about the company. This is something to consider before you start using them as your broker.
What are traders saying about AMarkets?
What are traders saying about AMarkets? The traders that have used these brokers before? There are many complaints about struggling to withdraw funds and other complaints that you should consider.
Reviews are negative in general and many traders don’t recommend the brokers to any trader. So, if there are so many negative reviews, why are you still considering using them as your brokers?
What are regulators saying about AMarkets?
This is something serious to consider. What regulators are saying about these brokers. Most of the regulators are warning traders about using them as brokers. This is mostly because of the lack of information about the company and the services that they are offering.
There are many regulators that have blacklisted the brokers because they are not registered and they aren’t regulated. Something else really essential to consider.
AMarkets might not be as recommended as what you might have thought. There are many irregularities that are making these brokers dodgy. And, it is important to consider if you should use these brokers or not. With all this mentioned information it is clear that there are much better and much more recommended brokers out there that you can use instead of AMarkets.