AMarkets Broker

Advantages of AMarkets Broker

• Simple and functional personal account dashboard
• Wide range of tradable stocks
• High leverage
• 24-hour services and support
• Support for Rial-based deposits and withdrawals
• Professional Persian-language support
• Account insurance and reliability
• Good variety of account types

Disadvantages of AMarkets Broker

• The Fixed account has high spreads
• Not regulated by highly reputable authorities
• Does not offer Nano or Cent accounts

About AMarkets Broker

When reviewing AMarkets broker, the first notable point is the different names users call it. These names include AMarkets, A Markets, A Market, and E Markets.

Although its official name is AMarkets, among Iranian users, AMarkets is the more familiar name, which we will use in this review. However, be aware that all these names refer to the same broker, AMarkets.

Stay with us as we get to know one of the most exciting Forex brokers.

Is AMarkets Broker Reliable?

AMarkets is registered with LLC 14486/2023 in the FSC Cook Islands and is also supervised by the Financial Commission, an independent regulatory body.

This Financial Commission handles customer complaints and guarantees compensation of up to €20,000 per complaint, if necessary.

However, it’s important to note that AMarkets does not have a highly reputable regulation, but this point is less of a concern for Iranian users. Reputable regulatory bodies often do not serve Iranian users and, in fact, force brokers to cut ties with Iran.

One positive aspect of AMarkets is its 16-year track record. Additionally, there have been no reported issues regarding payments from this broker. Therefore, if you decide to work with AMarkets, there should be no concerns about its reliability.

Comprehensive Review of AMarkets Account Types

In this section, we will take a closer look at the different types of accounts offered by AMarkets. AMarkets provides four types of accounts for its users:

1. Fixed Spread Account: This account offers fixed spreads that do not change, making it ideal for traders who prefer more predictable market conditions and trading environments.
2. Standard Account: This account is suitable for traders looking for standard trading conditions in the Forex market.
3. ECN Account: Designed for professional traders seeking advanced trading conditions, this account provides direct access to financial markets with lower spreads.
4. Crypto Account: Specifically for traders interested in cryptocurrency trading.

AMarkets offers leverage up to 1:3000, allowing traders to make larger trades with smaller investments.

Additionally, spreads start from 0.2 pips, making AMarkets very competitive. The broker claims that in over 99% of cases, orders are executed in less than 0.03 seconds, highlighting the fast order execution speed on this platform.

Standard Account

The Standard Account in AMarkets is one of the most popular and common choices for users of this platform. This account provides a wide range of tradable instruments, including:

• Forex pairs and symbols: With 44 different symbols.
• Metals: Includes 7 different symbols.
• Trading indices: With 16 different symbols.
• Commodities: Offering 11 diverse symbols.
• Bonds: Includes 2 symbols.
• Cryptocurrencies: With 27 different cryptocurrencies.
• Stocks: Offering 427 stock symbols.
• ETFs: With 19 different symbols.

Additionally, the Standard account in AMarkets allows orders to be executed in two ways: Market Execution and Instant Execution. Traders can choose the order execution method based on their needs and trading style when opening an account.

• Market Execution: Orders are executed based on real-time market prices.
• Instant Execution: Orders are executed at the trader’s desired price.

This flexibility in order execution is one of the key advantages of the Standard account in AMarkets. Spreads in the Standard account are floating (variable) and start from 1.3 pips.

ECN Account

The ECN Account in AMarkets is designed for scalpers. Scalping is a trading strategy where traders aim to profit from small market fluctuations, requiring fast and accurate trade execution.

• Minimum deposit: $200 or EUR.
• Commission: $2.5 or EUR per lot (a total of $5 or EUR for opening and closing a position).

Tradable symbols in the ECN account include:

• Forex pairs and symbols: 44 symbols.
• Metals: 7 symbols.
• Indices: 16 symbols.
• Commodities: 11 symbols.
• Bonds: 2 symbols.
• Cryptocurrencies: 27 cryptocurrencies.
• Stocks: 427 symbols.
• ETFs: 19 symbols.
• Stop-out level: 40%, which is higher compared to other accounts.
• Margin for hedged positions: 50%.

All orders in the ECN account are executed via Market Execution, and the spreads start from 0 pips, but traders must pay a commission for opening and closing trades. These features make the ECN account ideal for traders who need fast execution and advanced trading conditions.

Fixed Spread Account

The Fixed Spread Account at AMarkets is suitable for traders who prefer predictable and stable spreads.

In this account, spreads are fixed for Forex pairs and metals, while spreads for other assets like indices, commodities, stocks, bonds, and cryptocurrencies are floating.

• Spreads: Start from 3 pips.
• Decimal points: Accounts have 4 decimal places, which is important when calculating pips or spreads.

Tradable symbols in the Fixed account include:

• Forex pairs and symbols: 28 symbols.
• Metals: 7 symbols.
• Indices: 16 symbols.
• Commodities: 11 symbols.
• Bonds: 2 symbols.
• Cryptocurrencies: 27 cryptocurrencies.
• Stocks: 427 symbols.
• ETFs: 19 symbols.

Orders in the Fixed account can also be executed using Market Execution or Instant Execution, depending on the trader’s preference.

Crypto Account

The Crypto Account in AMarkets is designed for individuals who prefer to hold their account balance and base currency in Bitcoin. In this account, the base currency is Bitcoin, and the unit is displayed as MBT (1 MBT = 0.001 Bitcoin).

• Minimum deposit: 10 MBT (equivalent to 0.01 Bitcoin).
• No commission: The Crypto account has no commission fees, and the spreads are floating, starting from 1.3 pips.
• Order execution: All orders are executed via Market Execution.

Tradable symbols in the Crypto account include

Standard Account

The Standard Account in AMarkets is one of the most popular and common choices for users of this platform. This account provides a wide range of tradable instruments, including:

• Forex pairs and symbols: With 44 different symbols.
• Metals: Includes 7 different symbols.
• Trading indices: With 16 different symbols.
• Commodities: Offering 11 diverse symbols.
• Bonds: Includes 2 symbols.
• Cryptocurrencies: With 27 different cryptocurrencies.
• Stocks: Offering 427 stock symbols.
• ETFs: With 19 different symbols.

Additionally, the Standard account in AMarkets allows orders to be executed in two ways: Market Execution and Instant Execution. Traders can choose the order execution method based on their needs and trading style when opening an account.

• Market Execution: Orders are executed based on real-time market prices.
• Instant Execution: Orders are executed at the trader’s desired price.

This flexibility in order execution is one of the key advantages of the Standard account in AMarkets. Spreads in the Standard account are floating (variable) and start from 1.3 pips.

ECN Account

The ECN Account in AMarkets is designed for scalpers. Scalping is a trading strategy where traders aim to profit from small market fluctuations, requiring fast and accurate trade execution.

• Minimum deposit: $200 or EUR.
• Commission: $2.5 or EUR per lot (a total of $5 or EUR for opening and closing a position).

Tradable symbols in the ECN account include:

• Forex pairs and symbols: 44 symbols.
• Metals: 7 symbols.
• Indices: 16 symbols.
• Commodities: 11 symbols.
• Bonds: 2 symbols.
• Cryptocurrencies: 27 cryptocurrencies.
• Stocks: 427 symbols.
• ETFs: 19 symbols.
• Stop-out level: 40%, which is higher compared to other accounts.
• Margin for hedged positions: 50%.

All orders in the ECN account are executed via Market Execution, and the spreads start from 0 pips, but traders must pay a commission for opening and closing trades. These features make the ECN account ideal for traders who need fast execution and advanced trading conditions.

Fixed Spread Account

The Fixed Spread Account at AMarkets is suitable for traders who prefer predictable and stable spreads.

In this account, spreads are fixed for Forex pairs and metals, while spreads for other assets like indices, commodities, stocks, bonds, and cryptocurrencies are floating.

• Spreads: Start from 3 pips.
• Decimal points: Accounts have 4 decimal places, which is important when calculating pips or spreads.

Tradable symbols in the Fixed account include:

• Forex pairs and symbols: 28 symbols.
• Metals: 7 symbols.
• Indices: 16 symbols.
• Commodities: 11 symbols.
• Bonds: 2 symbols.
• Cryptocurrencies: 27 cryptocurrencies.
• Stocks: 427 symbols.
• ETFs: 19 symbols.

Orders in the Fixed account can also be executed using Market Execution or Instant Execution, depending on the trader’s preference.

As mentioned earlier, in addition to the three types of accounts listed above, AMarkets also offers another type of account called the Crypto Account:

Crypto Account

The Crypto account at AMarkets is designed for individuals who prefer to hold the balance and base currency of their account in Bitcoin. In this account, the base currency is Bitcoin, and it is displayed in MBT units, where each MBT is equal to 0.001 Bitcoin (1 MBT = 0.001 BTC). The minimum deposit to open this account is 10 MBT (equivalent to 0.01 Bitcoin).

One of the key features of the Crypto account at AMarkets is that it has no fees or commissions, and the spreads are floating, starting from 1.3 pips. Additionally, all orders in this account are executed through Market Execution.

In the Crypto account, the variety of trading instruments includes the following:

• Forex pairs and symbols: 42 symbols.
• Metals: 7 symbols.
• Trading indices: 16 symbols.
• Commodities market: 11 symbols.
• Bonds: 2 symbols.
• Cryptocurrency market: 19 cryptocurrencies.

The stop-out level for the Crypto account is similar to the Standard account at 20%, and the margin requirement for hedged positions is set at 50%.

The maximum allowable leverage in this account is 1:500, which is lower than the maximum leverage available in other accounts (up to 1:3000). This account is a suitable option for those who wish to trade cryptocurrencies and maintain their balance in Bitcoin.

How to Register at AMarkets

Registering and opening an account at AMarkets is very simple and easy. It follows almost the same process as all other brokers introduced on the NikVest website. Therefore, we will briefly explain the steps you need to follow to register:

1. Enter your personal information: On the page that opens, you will need to enter your first and last name, email address, mobile phone number, and the trading platform you wish to use.
2. Review and accept the terms: After reading the terms and conditions, check the box to accept the terms, and then click the button to open an account.
3. Receive emails: After this step, you will receive three emails containing your account information. To log in to your account, note down the personal account details provided in the email and log in to your account.
4. Complete identity verification: At this stage, you will be asked to complete your identity verification. This includes confirming your email and phone number and uploading a copy of one of your identification documents (such as a passport or national ID card).

These steps will help you open your account easily while complying with all legal and security requirements.

How to Deposit and Withdraw Funds at AMarkets

AMarkets offers a variety of solutions for depositing and withdrawing funds, which can address traders’ concerns regarding these processes.

This broker is one of the few that offers the option to deposit and withdraw in Iranian Rials. In addition, you can also use Perfect Money, WebMoney, and TopChange for deposits and withdrawals.

Another popular option for transferring funds is the use of cryptocurrencies. AMarkets supports four cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Tether.

To make a deposit or withdrawal, first click on the sidebar of the dashboard, then select your desired currency and the amount, and transfer the funds. One important point to note is that the currency network for the transfer must match the network of the destination.

Also, be aware that some cryptocurrencies have high transaction fees. Among the available cryptocurrencies on AMarkets, Tether is considered a better option for transfers due to its lower fees compared to other cryptocurrencies.

Assets and Trading Platforms at AMarkets

After registering and opening a trading account with AMarkets, you will have access to a wide range of trading tools and instruments that can meet the needs of various traders:

• Forex: Ability to trade 42 forex currency pairs.
• Metals: Includes 7 different metals such as gold, silver, copper, zinc, aluminum, lead, and platinum.
• Commodities: Access to trading 11 commodities including crude oil, Brent oil, gas, wheat, soybeans, and more.
• Indices: Ability to trade 16 indices, including major ones like Dow Jones, NASDAQ, and stock indices from key markets such as Japan, Germany, the UK, Italy, China, Russia, as well as the Dollar Index.
• Stocks: Access to the shares of 334 major global companies such as Tesla, Apple, Google, Amazon, and Bank of America (BOA). AMarkets may be a leading broker in Iran in terms of the number of stocks available for trading.
• Cryptocurrencies: Ability to trade 27 cryptocurrencies including Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ethereum Classic, and others.
• Bonds: Opportunity to trade US and German bonds.

This wide variety of trading instruments allows investors to diversify across multiple markets and use various trading strategies, catering to traders of all experience levels and interests.

Trading Platforms

After signing up with AMarkets, you will have access to two of the most popular and widely-used trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are available for different operating systems such as Windows, Android, and iOS, and there is also a web-based version available without the need for downloading.

It is worth noting that there were some issues in the past with using the MetaTrader platform on iOS, but these issues have been fully resolved.

In addition, AMarkets provides access to the MultiTerminal platform, which is ideal for traders who want to manage and trade on multiple accounts simultaneously. The MultiTerminal platform allows traders to execute multiple trades efficiently and with ease.

Customer Support at AMarkets

One of the standout features of AMarkets that distinguishes it from other brokers is its high level of customer support. In the past, this broker was perhaps the only one operating in Iran that offered 24/7 customer support.

Although other brokers now also offer this type of support, AMarkets remains one of the leaders in this area.

Customers can contact the support team through live chat on the website, Telegram, or email to ask questions and resolve issues. The Persian support ID for the broker on Telegram is “amarkets_supportbot.”

In the last two to three years, AMarkets has been recognized as one of the best brokers in terms of customer support. However, with the growing number of clients, it seems that new team members with less technical knowledge have been added to the support team.

In some cases, these individuals may not fully understand the questions and may provide inaccurate responses. However, with further explanation, the correct answers are usually provided. This reflects AMarkets’ effort to maintain a high level of service and support for its customers.

Islamic Account at AMarkets

One of the key features that sets AMarkets apart from other brokers is the offering of an Islamic Account. An Islamic Account, or swap-free account, is one where no overnight interest (swap) is charged on forex and metals trades, in line with Islamic financial principles.

The benefits of an Islamic Account at AMarkets include:

• No time limit: This account is offered without any time restrictions on holding positions.
• No extra commission: In the AMarkets Islamic Account, no additional commission is charged to replace the swap.
• Access to ECN Accounts: While many brokers do not offer Islamic accounts for ECN (Electronic Communication Network) accounts, AMarkets does.

To convert your account to an Islamic Account at AMarkets, simply request the change in your user area after opening a trading account. Once your request is approved, the swap will be removed from your forex and metals trades.

However, note that swap will still apply to stocks, indices, and cryptocurrencies. This makes the AMarkets Islamic Account an attractive option for traders looking to adhere to Islamic financial principles in their trading activities.

Bonuses and Promotional Programs at AMarkets

AMarkets offers various promotional programs and bonuses for its users, including a welcome bonus and loyalty programs.

Double Deposit Bonus

If you are a new AMarkets customer and have selected a Standard or Fixed account in USD on the MT4 platform, you can take advantage of this special bonus. The bonus is credited to your trading account as a credit.

To use the double deposit bonus, the minimum required trading volume is 3 pips. The total trading volume, including closed trades and those opened after receiving the bonus, will be counted. Once the specified trading volume is reached, you will be able to withdraw the bonus.

Please note that the bonus cap for each customer is $10,000.

If you withdraw part or all of your capital, no bonus will be allocated to that account. Additionally, if no trades are made within 30 days or if your account gets stopped out, no bonus will be added to your account.

To receive the bonus, simply open a trading account with AMarkets and deposit at least $100 or more. Then, contact AMarkets support to activate the double deposit bonus.

Customer Support at AMarkets

One of the standout features of AMarkets that distinguishes it from other brokers is its high level of customer support. In the past, this broker was perhaps the only one operating in Iran that offered 24/7 customer support.

Although other brokers now also offer this type of support, AMarkets remains one of the leaders in this area.

Customers can contact the support team through live chat on the website, Telegram, or email to ask questions and resolve issues. The Persian support ID for the broker on Telegram is “amarkets_supportbot.”

In the last two to three years, AMarkets has been recognized as one of the best brokers in terms of customer support. However, with the growing number of clients, it seems that new team members with less technical knowledge have been added to the support team.

In some cases, these individuals may not fully understand the questions and may provide inaccurate responses. However, with further explanation, the correct answers are usually provided. This reflects AMarkets’ effort to maintain a high level of service and support for its customers.

Islamic Account at AMarkets

One of the key features that sets AMarkets apart from other brokers is the offering of an Islamic Account. An Islamic Account, or swap-free account, is one where no overnight interest (swap) is charged on forex and metals trades, in line with Islamic financial principles.

The benefits of an Islamic Account at AMarkets include:

• No time limit: This account is offered without any time restrictions on holding positions.
• No extra commission: In the AMarkets Islamic Account, no additional commission is charged to replace the swap.
• Access to ECN Accounts: While many brokers do not offer Islamic accounts for ECN (Electronic Communication Network) accounts, AMarkets does.

To convert your account to an Islamic Account at AMarkets, simply request the change in your user area after opening a trading account. Once your request is approved, the swap will be removed from your forex and metals trades.

However, note that swap will still apply to stocks, indices, and cryptocurrencies. This makes the AMarkets Islamic Account an attractive option for traders looking to adhere to Islamic financial principles in their trading activities.

Bonuses and Promotional Programs at AMarkets

AMarkets offers various promotional programs and bonuses for its users, including a welcome bonus and loyalty programs.

Double Deposit Bonus

If you are a new AMarkets customer and have selected a Standard or Fixed account in USD on the MT4 platform, you can take advantage of this special bonus. The bonus is credited to your trading account as a credit.

To use the double deposit bonus, the minimum required trading volume is 3 pips. The total trading volume, including closed trades and those opened after receiving the bonus, will be counted. Once the specified trading volume is reached, you will be able to withdraw the bonus.

Please note that the bonus cap for each customer is $10,000.

If you withdraw part or all of your capital, no bonus will be allocated to that account. Additionally, if no trades are made within 30 days or if your account gets stopped out, no bonus will be added to your account.

To receive the bonus, simply open a trading account with AMarkets and deposit at least $100 or more. Then, contact AMarkets support to activate the double deposit bonus.

Loyalty Cashback Program

AMarkets offers a cashback program for its loyal customers. For each lot traded, up to $14 (temporarily increased to $17) is added to the user’s account as tradeable cashback.

The amount of this bonus is determined across five different levels, and it is set by the user’s account manager based on the account’s age, balance, and trading volume.

To begin with, by opening a trading account at AMarkets and funding it with $100 or more, loyal customers can benefit from the first level of the cashback bonus, receiving $17 cashback for each lot traded.

Conditions for receiving the cashback bonus at AMarkets:

• Cashback is only calculated for trades on forex pairs and metals.
• Each trade must last a minimum of 3 minutes.
• Each trade must experience a minimum price change of 10 pips.
• These conditions only apply to closed trades.
• Cashback is calculated by 17:00 EET on the following business day and will be visible in the Credit section.
• If any part or all of the capital is withdrawn, cashback will not be allocated to that account. Additionally, if no trades are made within 30 days or the account experiences a stop-out, no cashback will be credited.

These promotional programs and bonuses encourage traders to participate more actively in their trades and enjoy additional benefits while expanding their trading activities.

Special Bonus for Switching Brokers to AMarkets

If you switch your current broker to AMarkets, you will be eligible for a 20% bonus.

Terms and conditions of this AMarkets bonus:

• To qualify for the bonus, you must provide an activity report from your previous broker or the investor password for your previous account for review.
• This bonus is available only to traders with real trading accounts.
• You can use the bonus only after fully completing your trading account information at AMarkets.
• This offer is valid only for Standard and Fixed accounts created on MT4/MT5 platforms.
• The maximum bonus amount available to each customer is $5,000.
• 20% of the deposited amount will be added as a non-withdrawable credit to the trading account, and it can be used in all trades, including losing trades.
• This bonus cannot be combined with other AMarkets bonuses and promotions.
• The bonus is offered only once, and each customer can benefit from it only one time.

Trading in Demo Account and Earning in a Real Account

AMarkets allows you to transfer profits from demo account trades to your real account.

Open a demo account and trade with virtual funds for 5 days. On the fifth day, close your profitable trades and then create a real account (Fixed or Standard account on the MetaTrader 4 platform). Fund your real account with the amount equal to or greater than the profit earned. To transfer the profit from your demo account to your real account, contact AMarkets support.

Bonus terms and conditions:

• This bonus is available only for forex trading symbols and only for Fixed and Standard accounts on the MetaTrader 4 platform.
• To receive the bonus, you must fund your real account with an amount equal to or greater than the profit earned in the demo account.
• The real account must be funded within 5 days of earning the profit in the demo account.
• The maximum bonus amount available to each customer is $10,000.
• The bonus is paid as non-withdrawable credit and is not added directly to the real account balance.

About AMarkets

AMarkets is a reputable and long-established broker in the global financial markets, having started operations in 2007.

This broker is also active in Iran and serves over one million users worldwide. AMarkets has several features that make it one of the most popular choices for traders:

• Diverse trading instruments: With over 500 professional and effective trading instruments.
• Support for multiple assets and symbols: With over 200 assets and trading symbols.
• International awards: AMarkets has received more than 18 international awards.
• No need for proof of residence documentation.
• Competitive spreads and commissions: Compared to other brokers.
• Easy and fast deposit and withdrawal processes.
• High execution speed: Less than 30 milliseconds.

For more information on spreads, commissions, bonuses, promotional programs, customer support, and guides for registration and deposits/withdrawals, you can visit the comprehensive guides available on the NikVest website.