AMarkets review.

Overview

TrueBroker is a free broker safety checker, and this page is our review of AMarkets, scored 6.5 out of 10 across regulation, fees, platform, support and reviews. Our previous review of this firm scored it 5.1 out of 10; this review restates that verdict from current evidence, and the move reflects our assessment changing, not the firm. The regulation score sits at 4 because the firm’s own regulation page distinguishes a licence from a registration and we scored accordingly, fees sit at 8.6 on the strength of a published, fee-free deposit schedule, platform sits at 6.9, support sits at 4.8, and reviews sits at 8, helped by a clean result across 1441 mirrored warning-list entries.

Who runs AMarkets

AMarkets operates through more than one corporate entity. The firm’s own regulation page names AMarkets LTD as “registered and licensed as an international brokerage and clearing company in the Island of Mwali (Comoros)” and supervised there by the Mwali International Services Authority (MISA), under licence T2023284, issued 29/05/2023, with status “Active” on the MISA register we checked directly. The same page also names AMarkets LLC as a registered company in the Cook Islands, and a separate AMarkets LTD entity registered in Saint Vincent and the Grenadines. The firm’s own wording matters here: the Comoros entry is the one the page calls a “license”, while the Cook Islands and Saint Vincent and the Grenadines entries are described as company registrations in registries run by the Financial Supervisory Commission (FSC) and the Financial Services Authority (FSA) respectively, not as financial-services licences. We hold no register entry for either the FSC or the FSA under those names, so those two numbers, LLC14486/2023 and 22567 BC 2015, are not checked in this review; that is a gap in our own directory, not a finding about AMarkets.

AMarkets also lists membership of The Financial Commission, and we checked that membership body’s own table directly: AMarkets LLC is listed there as a member, with compensation fund cover of EUR 20,000. The Financial Commission is a private dispute resolution body that brokers pay to join, not a government regulator, and it does not publish membership numbers, which is why none appears in the register check above.

Overview Table

Facts List

• AMarkets LTD holds an active licence, T2023284, from the Mwali International Services Authority in the Comoros, confirmed on the MISA register we checked directly.
• AMarkets LLC and a second AMarkets LTD entity are also registered, not licensed, in the Cook Islands and in Saint Vincent and the Grenadines, on the firm’s own account of the difference.
• AMarkets is a listed member of The Financial Commission, a private dispute resolution body, with compensation fund cover of EUR 20,000 per claim.
• We searched 1441 warning-list entries mirrored from CYSEC, the FCA and FSC Mauritius, and AMarkets appears on none of them.
• Two lookalike domains, naga-markets.online and quantoria-markets.net, appear on CySEC’s list of non-approved domains, and a separate firm, INTELVITA Markets Limited, appears in an FSC Mauritius investor alert; none of these three is AMarkets.
• The firm’s own fee page states deposits by all methods carry 0% commission.
• The Standard account has a $100 minimum deposit, floating spreads from 1.3 pips, no commission on currency pairs and metals, and leverage up to 1:3000, per the firm’s account page.
• The ECN account charges $2.5 per lot per side in commission, and the Zero account charges $5.5 per lot per side and runs on MetaTrader 5 only, per the firm’s account page.
• Trading platforms are MetaTrader 4, MetaTrader 5, a proprietary AMarkets App, and a Copy Trading platform on which, per the firm’s own risk warning, strategies come from independent third-party traders and losses from copying them cannot be claimed against AMarkets.
• The firm’s own terms state that a “Double Your Starting Capital” bonus is cancelled on any withdrawal, partial or full, from the account it was credited to.

The one thing to read before funding an AMarkets account

The clearest single distinction in the evidence is the one AMarkets draws on its own regulation page: only the Comoros entry, licence T2023284 with MISA, is called a licence. The Cook Islands and Saint Vincent and the Grenadines entries are called registrations in a registry, and The Financial Commission membership is described as dispute resolution, not regulation. A reader who treats all four as equivalent oversight is reading more protection into the arrangement than the firm’s own wording supports.

Key Takeaways

The score moves from 5.1 to 6.5 in this rewrite. That is our assessment changing against current evidence, not AMarkets changing what it does. The fee schedule and the register checks below carry the weight of the new number.

Regulation is the weak link

• The Mwali International Services Authority register lists AMarkets ltd as an authorised brokerage company under licence T2023284, issued 29/05/2023, status Active. That is the one entry in our evidence we could confirm directly against a public register.
• The firm’s own Regulation page calls the Comoros MISA authorisation a “license” but describes the Cook Islands entry (FSC, number LLC14486/2023) and the Saint Vincent and the Grenadines entry (FSA, number 22567 BC 2015) as company “registered” and “registry” entries, not licenses. We hold no register entry for either the Financial Supervisory Commission or the Financial Services Authority named here, so those two numbers are not checked, a gap in our directory rather than a finding about the firm.
• The Financial Commission member check table lists AMarkets LLC as a member, with compensation fund cover of EUR 20,000. The Financial Commission is a private dispute resolution body brokers pay to join, not a regulator, and it publishes no membership numbers.
• Three separate entities carry the AMarkets name across the firm’s own country versions of the site: AMarkets LTD in Mwali (Comoros), AMarkets LLC in the Cook Islands, and AMarkets LTD in Saint Vincent and the Grenadines. A client should know which entity they are actually contracting with before funding an account.

What AMarkets charges

• The firm’s own fee page states all deposits, across all methods, carry 0% commission.
• The Standard account (minimum deposit $100) carries a floating spread from 1.3 pips with no commission on currency pairs or metals, leverage up to 1:3000, and a 20% stop out level, per the firm’s account page.
• The ECN account (minimum deposit $200) carries a floating spread from 0.2 pips plus $2.5 commission per lot per side, leverage up to 1:3000, and a 40% stop out level.
• The Zero account (minimum deposit $200) advertises a floating spread from 0 pips, described as zero spreads on majors and metals 90% of the time, plus $5.5 commission per lot per side, MetaTrader 5 only, leverage up to 1:3000, and a 40% stop out level.
• Our earlier review reported a 1.8% card withdrawal fee ($50 minimum, one to five business days), a 0.5% e-wallet withdrawal fee ($20 minimum, one to two business days), a 0.5% to 1% cryptocurrency withdrawal fee ($20 worth minimum, one to three hours), and a bank wire withdrawal with no AMarkets fee but possible bank charges ($500 minimum, three to five business days). These figures are from that earlier review, not from a page we fetched in our evidence.

The bonus terms bind harder than the fees

• The “Double Your Starting Capital” promotion terms state the bonus is cancelled on any full or partial withdrawal from the account it was credited to, or if there is no trading activity for 30 calendar days, or if a stop out occurs. The trading turnover required to unlock it equals the bonus amount divided by 3 USD. The company reserves the right to deduct all bonus funds from the client’s account without prior notice or any stated reason if fraud is suspected.
• The Deposit and Withdrawal terms confine withdrawals to the exact card or account used to deposit, with no support for transactions from or to third party payment accounts.
• Risk Warning clause 7 makes the client indemnify the company against claims and losses arising from giving a third party or an automated trading system access to their account, meaning full liability for EA or manager losses sits with the client.
• Risk Warning clause 10 states that for Copy Trading, strategies come from independent third party traders not affiliated with AMarkets, and the company is not liable for losses arising from their use or performance, even though Copy Trading is run on AMarkets’ own platform.

Platform and instrument range

• MetaTrader 4 and MetaTrader 5 are both offered, alongside a proprietary AMarkets App for iOS and Android and an in-house Copy Trading platform.
• The Standard and ECN accounts list 44 Forex pairs, 7 Metals, 11 Indices, 10 Commodities, 400 Stocks, 19 ETF and 33 Cryptocurrencies; the Zero account drops to 28 Forex pairs while keeping the rest.
• Our earlier review’s Fixed and Crypto account types, with their own minimum deposits and leverage figures, do not appear on the firm’s current account pages fetched in our evidence, which list only Standard, ECN and Zero.

Support and the clean warning list search

• Support runs a 24/7 email line for both Customer Support and Dealing, a UK phone number, a Cook Islands office phone line and address, and a Telegram channel, but no live chat appears among the channels in our evidence.
• We searched 1441 warning list entries mirrored from CySEC, the FCA and FSC Mauritius, running a positive control on two of those registers first so an empty result means absence rather than a broken search, and AMarkets appears on none of them.
• Three unrelated entries on those same lists carry similar names: naga-markets.online and quantoria-markets.net are listed by CySEC on its List of Non Approved Domains, published without naming any broker they imitate, and INTELVITA Markets Limited is named in an FSC Mauritius Investor Alert as carrying on financial services business without a licence. None of these three is AMarkets, but a reader searching the name should know they exist.

Licenses & Regulation

AMarkets operates under three separate entities, and its own Regulation page treats them very differently even though its marketing does not. We read that page directly.

What AMarkets is actually licensed for

AMarkets LTD is registered and licensed as an international brokerage and clearing company on the Island of Mwali, Comoros, supervised by the Mwali International Services Authority. We searched the Mwali International Services Authority (MISA) register directly and confirmed licence T2023284, issued 29/05/2023, status “Active”, against AMarkets ltd, and the number matches what the firm’s own page quotes. Before relying on that result we ran a positive control against the register, checking a firm known to be listed, so an absence would have meant something; here we got a hit.

The other two entities are registrations, not licences

The same page lists two further entities: AMarkets LLC in the Cook Islands, under Financial Supervisory Commission (FSC) number LLC14486/2023, and AMarkets LTD in Saint Vincent and the Grenadines, under Financial Services Authority (FSA) number 22567 BC 2015. AMarkets’ own page describes both as “registered” in a “registry,” not as licensed, and we hold no register entry for either the Cook Islands FSC or the Saint Vincent FSA, so neither number has been checked against a public source; that is a gap in our own directory, not a finding about the firm one way or the other. The distinction matters because a company registration confers no financial-services oversight, while the Comoros entry is the one place AMarkets’ own wording claims supervision.

The Financial Commission membership

AMarkets LLC is also listed as a member in the Financial Commission member check table, which we searched directly, showing compensation fund cover of EUR 20,000 per claim. The Financial Commission is a private dispute resolution body that brokers pay to join, not a government regulator, and it publishes no membership numbers, so there is nothing beyond the listing itself to cite. AMarkets’ own page calls it “an independent external dispute resolution (EDR) organization,” which matches how the register describes itself. A reader weighing that EUR 20,000 figure should treat it as a membership-funded arbitration pool rather than a statutory scheme like the FSCS or an ICF, since no government stands behind the payout.

Warning-list search

We searched 1,441 warning-list entries mirrored from CySEC, the FCA and FSC Mauritius, and AMarkets appears on none of them. That search covers only the regulators we mirror, not every authority worldwide, but it is a clean result across those three lists. The same search turned up three unrelated names a reader chasing “AMarkets” by search engine could stumble into: naga-markets.online and quantoria-markets.net, both listed by CySEC on its List of Non Approved Domains as unauthorised to provide investment services under any Cypriot licence (CySEC does not name the firm either domain imitates), and INTELVITA Markets Limited, named in a 15 September 2014 FSC Mauritius Investor Alert as carrying on financial services business without a licence. None of these three is AMarkets, and nothing here places AMarkets itself on a warning list.

Reach and access restrictions

AMarkets’ own pages state services are not available to citizens and residents of the United Kingdom or of Germany, and a risk warning on the firm’s site says services are not provided to citizens or residents of a further set of unnamed countries, without listing which ones. The same risk warning states AMarkets LLC and its affiliates do not target EU/EEA/UK/US clients. For a trader in most of the jurisdictions where CFD brokers are typically tightly supervised, that leaves a Comoros brokerage licence, two company registrations, and a private arbitration membership as the full extent of oversight on offer.

Score

Our previous review scored AMarkets’ regulation at 5.1/10 overall; this review’s regulation criterion now scores 4/10. That reflects separating what AMarkets’ own page actually claims: one confirmed offshore brokerage licence in the Comoros, two entities held out elsewhere as company registrations rather than licences, and a compensation figure that rests on a paid dispute-resolution membership rather than a statutory protection fund.

How to Trade

AMarkets runs three account types on the pages we fetched: Standard, ECN and Zero. All three share the same instrument list and a leverage ceiling of 1:3000, but they split sharply on how execution is priced and which platform they run on.

Accounts and pricing on AMarkets

The firm’s account page gives Standard a $100 minimum deposit, a floating spread from 1.3 pips, and no commission on currency pairs or metals, with a 20% stop-out level. ECN steps up to a $200 minimum, a floating spread from 0.2 pips, and a flat $2.5 per lot per side commission, with the stop-out level raised to 40%. Zero, also a $200 minimum, advertises a floating spread from 0 pips, with the same page noting zero spreads on majors and metals “90% of the time,” paired with a higher $5.5 per lot per side commission and the same 40% stop-out. Zero is also the one account restricted to MetaTrader 5 only; Standard and ECN run on both MetaTrader 4 and MetaTrader 5. An earlier review of this firm described two further tiers, Fixed and Crypto, with their own minimum deposits and spread terms, but neither appears on the account-selector pages our evidence fetched, so we can’t confirm they’re still offered.

What AMarkets lists to trade

The account page’s instrument counts for Standard and ECN run to 44 Forex pairs, 7 Metals, 11 Indices, 10 Commodities, 400 Stocks, 19 ETFs and 33 Cryptocurrencies; the Zero account trims the Forex list to 28 pairs while keeping the rest the same. The same page caps total open position size in cryptocurrencies at $1,000,000 for Bitcoin and $300,000 for any other cryptocurrency. A prior review mentioned two bond CFDs, but that instrument doesn’t appear in the Trading Instruments categories on the pages we fetched for our evidence, so we’re not carrying it forward as current.

Platforms and copy trading

Trading runs through MetaTrader 4 and MetaTrader 5, with MT4 listed as offering 30 indicators and 9 time frames across Windows, Mac, iOS, Android and WebTrader. AMarkets also publishes its own mobile app for iOS and Android, downloadable directly as an APK outside the app stores. Alongside these, the firm runs a Copy Trading platform, but its own risk warning is explicit about where liability sits: clause 10 states that copy-trading strategies are provided by independent third-party traders not affiliated with AMarkets, and the Company shall not be liable for any losses or damages arising from the use or performance of these strategies. A client copying a losing strategy on AMarkets’ own platform has no claim against AMarkets for it.

Execution quality checks

AMarkets’ own Regulation page states that its order-execution quality is audited monthly by Verify My Trade (VMT), and that keeping the certification requires submitting 5,000 trades a month for comparative analysis against first-tier liquidity providers, with the resulting report described as available in the public domain. That’s a specific, checkable claim rather than a general one about execution quality, and it’s the firm’s own page making it.

Terms that bind a position

Two clauses in AMarkets’ risk warning shift liability onto the client for how a position gets managed. Clause 7 states that if a client “voluntarily or involuntarily” gives a third party or an automated trading system (an EA or robot) access to their account, the client indemnifies the Company against any claims and losses arising from that activity, meaning any loss caused by a third-party manager or a bot on the account is the client’s to absorb, not AMarkets’. Separately, the firm’s terms and conditions state that it reserves the right to transfer its functions and powers to a third person, and that a client’s personal data may be disclosed to third parties, their agents, and other authorized persons for compliance purposes.

The “Double Your Starting Capital” bonus

AMarkets’ promotion page sets out terms for a promotion called “Double Your Starting Capital.” The bonus is cancelled outright on any full or partial withdrawal from the account it was credited to, on 30 calendar days without trading activity, or on a Stop Out. To use it at all, a client has to clear a trading-turnover requirement equal to the bonus amount divided by 3 USD, and the company reserves the right to deduct the entire bonus from the client’s account without prior notice or any stated reason if it suspects fraud. Any withdrawal forfeits the whole bonus, not a pro-rated part of it, and the clawback carries no notice requirement.

Account Types

AMarkets sells three account types on the pages we fetched: Standard, ECN and Zero. Our earlier review also lists Fixed and Crypto accounts with their own minimum deposits and leverage, but those two do not appear on the firm’s current account-selector pages in our evidence, so a client going by that older description could turn up looking for account types AMarkets is not currently showing.

What AMarkets’ three current accounts buy

The Standard account opens at a $100 minimum deposit. The firm’s account page states a floating spread from 1.3 pips, no commission on currency pairs or metals, leverage up to 1:3000, a 20% stop-out level, and access to MetaTrader 4 and MetaTrader 5. The instrument count given for this account is 44 forex pairs, 7 metals, 11 indices, 10 commodities, 400 stocks, 19 ETFs and 33 cryptocurrencies.

The ECN account needs a $200 minimum deposit. The same page gives a floating spread from 0.2 pips, a commission of $2.5 per lot per side, leverage up to 1:3000, a 40% stop-out level, and MetaTrader 4 and MetaTrader 5 access.

The Zero account also opens at $200. AMarkets’ page describes a floating spread from 0 pips, with zero spreads on majors and metals quoted as occurring 90% of the time, a commission of $5.5 per lot per side, leverage up to 1:3000, a 40% stop-out level, and MetaTrader 5 only (no MT4). Its instrument list is narrower on forex, 28 pairs against the 44 offered on Standard and ECN, while metals, indices, commodities, cryptocurrencies, ETFs and stocks are given as the same counts across all three accounts.

All three accounts carry negative balance protection according to the same page, and none of the three account descriptions we fetched frame the pricing as a promotional offer; each is described in terms of its own spread and commission structure.

What the account page leaves out

AMarkets’ fee page states deposits are fee-free across all methods regardless of the method used. What withdrawal costs, and what a cryptocurrency-funded account or a fixed-spread account would cost, are not covered on the account or fee pages fetched here; those figures, where we have them, come from our earlier review rather than from AMarkets’ own current pages, and are covered in the fees section rather than here.

The bonus terms attached to AMarkets accounts

AMarkets’ own promotion page sets out a “Double Your Starting Capital” promotion with conditions that bind a client hard. The bonus is cancelled outright on any full or partial withdrawal of funds from the account it was credited to, on 30 calendar days without trading activity, or on a stop-out. To unlock it at all, the client must generate trading turnover equal to the bonus amount divided by 3 USD. And AMarkets reserves the right to deduct all bonus funds from the client’s account without prior notice or any stated reason if it suspects fraud. Taken together, a client who takes this bonus cannot touch their own deposited funds without losing it, has to trade a set volume before the bonus becomes usable, and can have it clawed back unilaterally at any time.

Account-level restrictions worth flagging

Withdrawals on any AMarkets account are processed only back to the exact card or account used to deposit, and the firm states it does not support transactions from or to third-party payment accounts, so a client cannot redirect funds to a different account even one they still control. AMarkets’ risk warning also states that services are not provided to citizens or residents of the UK, Germany, or the EU/EEA/US more broadly, plus an unnamed further list of restricted countries that is not shown or linked from any page in our evidence, so a reader in an affected jurisdiction may not be able to open any of these three accounts regardless of the minimum deposit quoted.

This review scores AMarkets 6.5 out of 10, up from a previous score of 5.1. Fees is the strongest criterion here at 8.6, which fits what these account pages show: no commission on Standard for currency pairs and metals, fee-free deposits across all methods, and commission figures on ECN and Zero that are stated plainly rather than buried. Regulation sits at 4 and support at 4.8, both criteria this section does not carry directly, but the account terms above, the bonus clawback clause and the single-destination withdrawal rule, are the kind of binding fine print that keeps a fees score from translating into an easy account-opening decision.

Negative Balance Protection

AMarkets states negative balance protection on all three of its live accounts. The firm’s own account-comparison page lists “Negative balance protection: Yes” for Standard, ECN and Zero alike, alongside the leverage and stop-out figures for each.

Stop-out levels differ by account

The stop-out point, where AMarkets closes open positions automatically once margin falls too low, is not the same across accounts. The Standard account’s stop out is set at 20%, while both the ECN and Zero accounts carry a 40% stop out. A trader running the same position size and leverage will have positions closed at a different margin level depending on which of the three accounts they opened. Leverage on all three accounts is available up to 1:3000, which widens the gap between the account’s nominal exposure and the equity cushion that triggers the stop out.

What breaching the stop out does to a bonus

AMarkets’ own promotion terms for its “Double Your Starting Capital” bonus tie the bonus directly to the stop-out mechanism: the bonus is cancelled if a Stop Out occurs, and it is also cancelled on any full or partial withdrawal from the account it was credited to, or after 30 calendar days without trading activity. Unlocking it at all requires trading turnover equal to the bonus amount divided by 3 USD, and the firm reserves the right to deduct all bonus funds from the client’s account without prior notice or any stated reason if it suspects fraud. A client whose account gets stopped out therefore loses the bonus on top of the margin call itself.

Liability that survives negative balance protection

Negative balance protection covers losses from a client’s own trading, but AMarkets’ risk warning carries clauses that shift liability back onto the client for losses caused by other means. Clause 7 of that risk warning states that if a client gives a third party or an automated trading system access to their account, the client indemnifies the company against claims and losses arising from that activity, meaning a losing expert advisor or a mismanaging third party is the client’s liability, not AMarkets’, with no recourse against the broker. Clause 10 covers the firm’s own Copy Trading platform in the same way: strategies are provided by independent third-party traders not affiliated with AMarkets, and the company states it is not liable for losses or damages arising from the use or performance of those strategies. So a client copying a strategy through AMarkets’ own platform has no claim against AMarkets if that strategy loses money, even though the loss occurred inside an AMarkets product.

What we could not check

We read AMarkets’ own account-comparison and risk-warning pages, and the promotion terms for the bonus described above, all from the firm’s gb-market pages fetched in our evidence. We did not fetch a page setting out the mechanics of how negative balance protection is credited back to an account after a stop out, so we cannot describe that process here; the account pages confirm the protection exists and name it “Yes” for each account, without describing the operational steps that follow a breach.

Trading Instruments

AMarkets’ own account-selector page lists the same instrument range for the Standard and ECN accounts: 44 Forex pairs, 7 Metals, 11 Indices, 10 Commodities, 400 Stocks, 19 ETFs and 33 Cryptocurrencies, according to the firm’s accounts page. That page also gives the Zero account a shorter Forex list, 28 pairs rather than 44, while holding the other categories at the same counts (7 Metals, 11 Indices, 10 Commodities, 400 Stocks, 19 ETFs, 33 Cryptocurrencies). The Zero account is also the only one restricted to a single platform, MetaTrader 5, where Standard and ECN both offer MetaTrader 4 and MetaTrader 5, per the same accounts page.

Cryptocurrency limits on AMarkets accounts

The instruments page caps total open position volume on crypto CFDs at $1,000,000 for Bitcoin and $300,000 for every other cryptocurrency on the list. That is a position-size ceiling, not a leverage or margin figure, and it applies across the 33 cryptocurrencies the firm lists rather than to Bitcoin alone.

What the account pages don’t show

Our earlier review describes two further account types, Fixed and Crypto, each with its own minimum deposit and spread: a Fixed account from $100 with spreads from 3 pips and no commission, and a Crypto account fundable from $10 in Bitcoin with spreads from 1.3 pips and no commission. Neither appears on the current account-selector pages our evidence fetched, which show only Standard, ECN and Zero. We cannot say whether AMarkets has withdrawn those two account types, renamed them, or simply left them off the pages we pulled; we can only say the pages in front of us don’t list them, and a reader going by our earlier review’s account list could end up looking for tiers, minimum deposits and leverage terms that the firm’s own current pages don’t offer.

The same earlier review mentions two bond CFDs, citing US 10-Year Treasury Notes and German Bunds as examples, and a separate 2015 company-history note on the firm’s site says bonds “became available” that year. Bonds are not one of the instrument categories shown on the Trading Instruments navigation we fetched for our evidence, which lists Forex, Metals, Indices, Commodities, Stocks, ETFs and Cryptocurrencies but not a bonds category. We’re reporting what our earlier review and the old history note said, in our own words, not as something we read on a current AMarkets page.

Execution quality claim

AMarkets’ own regulation page states that its order execution is audited monthly by Verify My Trade (VMT), and that keeping the certification requires submitting 5,000 trades a month for comparison against first-tier liquidity providers, with the resulting report described as available in the public domain. That is a specific, checkable claim rather than a general one about execution quality, though our evidence did not fetch the VMT report itself to confirm what a given month’s audit found.

Gaps in what we could check

A number of the pages our evidence tried to pull for other markets, including Indonesia, Australia, the UAE and parts of the UK site, came back empty on repeated attempts, and the Singapore and South Africa root pages failed outright. Where a country-specific instrument list or account page sits behind one of those failed fetches, we have no basis to say what it shows, and we’re not treating that gap as evidence that the content doesn’t exist.

Our previous review of AMarkets scored 5.1/10 overall; this review scores 6.5/10. The move is our assessment being rebuilt from current evidence rather than any claim that AMarkets itself has changed, and the fees score in particular, 8.6, reflects fee-free deposits across all methods and published per-account commission figures that this pass was able to check directly against the firm’s own fee and account pages, alongside a regulation score of 4 that still reflects the gap between the one MISA licence and the two entries the firm’s own regulation page itself labels as company registrations rather than licences.

Education & Analysis

AMarkets scores 6.9/10 on platform this time, up from the piece it replaces; the account pages we fetched and the platform pages give a narrower but more current picture than the account list this review was built from, which we address below.

The platforms AMarkets actually offers

AMarkets’ own account-selector page lists MetaTrader 4 and MetaTrader 5 as the trading platforms across its Standard and ECN accounts, with the Zero account running on MetaTrader 5 only, according to the firm’s UK accounts page. The firm’s platforms page describes MetaTrader 4 with 30 indicators and 9 time frames, MultiTerminal support, and downloads for Windows, Mac, iOS, Android and a WebTrader version, per the firm’s UK platforms page. MetaTrader 5 is listed separately as available on live accounts, with Real and Demo WebTrader versions in the site’s own navigation, according to the firm’s UK about page. Neither MetaTrader edition is proprietary to AMarkets; both are the standard MetaQuotes platforms that most CFD brokers offer, and the firm’s pages don’t claim otherwise.

Alongside the two MetaTrader builds, AMarkets runs its own mobile app for iOS and Android, also downloadable as an APK, according to the firm’s UK about page. The firm’s risk warning page also describes a Copy Trading platform for investors and traders, with strategies supplied by independent third-party traders who are not affiliated with AMarkets, per the firm’s UK risk page. That same risk warning states plainly, in clause 10, that the company is not liable for losses or damages arising from the use or performance of those copied strategies, which means a client who loses money following a signal provider on AMarkets’ own copy-trading platform has no claim against AMarkets over it.

Charting and analysis tools

The evidence gathered for this review does not include a dedicated charting or market-analysis tools page from AMarkets’ own site, only the account, platform and about pages listed above. That means whatever technical analysis capability a client gets comes bundled into MetaTrader 4 and MetaTrader 5 themselves, as neither AMarkets page we hold describes proprietary charting packages, TradingView integration, or an in-house analysis suite layered on top of the MetaTrader clients. Where MetaTrader’s own indicator count is quoted, it is the 30 indicators and 9 time frames given on the platforms page for MT4, per the firm’s UK platforms page; no equivalent breakdown for MT5’s tools is given on the about page we fetched.

What each account gets access to

Platform access is tied to account type. The Standard account, opened from $100, runs on both MetaTrader 4 and MetaTrader 5, carries a floating spread from 1.3 pips with no commission on currency pairs and metals, leverage up to 1:3000 and a 20% stop-out level, and covers 44 Forex pairs, 7 Metals, 11 Indices, 10 Commodities, 400 Stocks, 19 ETFs and 33 Cryptocurrencies, according to the firm’s UK accounts page. The ECN account, from $200, also runs on both MetaTrader platforms, with spreads from 0.2 pips plus a $2.5 per-lot, per-side commission, the same 1:3000 leverage cap, and a 40% stop-out level, per the same page. The Zero account, also from $200, is MetaTrader 5 only: AMarkets’ own accounts page describes zero spreads on majors and metals “90% of the time,” a $5.5 per-lot, per-side commission, the same leverage and a 40% stop-out level, with a slightly narrower instrument list of 28 Forex pairs alongside the same metals, indices, commodities, cryptocurrency, ETF and stock counts as Standard, according to the firm’s UK accounts page.

An earlier review of AMarkets that this piece draws on also described Fixed and Crypto account types, the former with fixed spreads from 3 pips and no commission, the latter opened from as little as $10 in Bitcoin. We did not find either account type on the current firm pages fetched for this review; the firm’s UK accounts page and the firm’s German home page show only Standard, ECN and Zero. That doesn’t establish AMarkets no longer runs Fixed or Crypto accounts, only that the account-selector pages we were able to fetch for our evidence don’t list them, so a reader relying on the older account list should check the firm’s current live selector before assuming those terms still apply.

Where the picture is incomplete

A number of the pages our evidence tried to pull for AMarkets’ Indonesia, Australia, UAE and UK markets, across the About, Contact, Accounts, Fees, Platforms, Legal, Terms and Risk sections, came back as 0 bytes on repeated attempts, and the Singapore and South Africa root pages failed to load at all when we fetched them. That means any platform or tooling differences AMarkets might offer by market, whether a different instrument list, a region-specific app build, or additional analysis features tied to a particular licence, could not be checked against the firm’s own pages for those markets, because the fetch failed rather than because nothing exists there.

Special Offers

The promotions menu on AMarkets’ own site lists Invite a Friend, Cashback from AMarkets, a Switch your broker bonus, Double Your Starting Capital, GOLD status, an AMarkets Prize Draw, 0% commission, Trade on Demo, Earn Real Cash, and account transfer to AMarkets. The only one whose page we read is “Double Your Starting Capital”, and it sets out how the bonus is won and, at length, how it is lost.

How AMarkets’ “Double Your Starting Capital” bonus unwinds

The promotion page offers a credit bonus to new clients with Standard accounts in USD on MetaTrader 4, activated by contacting customer support after a deposit of $100 or more, with a maximum of $10,000 in bonus funds per client. It states that the bonus is cancelled on any full or partial withdrawal from the account it was credited to, after 30 calendar days without trading activity, or if a Stop Out occurs. In practice that means touching the account’s balance at all, even to take out money that has nothing to do with the bonus, forfeits the credit. The same page sets the trading turnover needed to unlock the bonus at the bonus amount divided by 3 USD, counting only closed currency pair trades opened after the bonus was received, with a minimum trade size of 3 pips.

The clawback clause

The promotion page also states that, to prevent fraudulent transactions involving bonus funds or in the event of their detection, the company reserves the right to deduct all bonus funds from the client’s account without prior notice or providing any reason. The page itself defines neither suspected fraud nor a dispute step; it refers to separate Bonus Terms and Conditions for detail, which we did not read.

Taken together, the three conditions (a withdrawal, 30 days of inactivity, or a Stop Out) function as the practical off switches on the bonus, while the turnover requirement is the tollgate that has to be cleared before any of the credited amount is a client’s to keep. A trader who deposits, takes the bonus, and then wants to withdraw even a small amount before finishing that turnover loses the credit outright. We did not read the terms of the cashback, referral, prize draw or other promotions the menu lists.

Opening an Account

Opening an account with AMarkets runs through a Personal Area signup rather than a single-page form the fetched pages describe in step detail; the account itself is what determines what follows. The firm’s account-selector page lists three live account types: Standard, requiring a $100 minimum deposit; ECN, requiring $200; and Zero, also requiring $200. All three carry negative balance protection and offer leverage up to 1:3000, and Standard and ECN run on MetaTrader 4 or MetaTrader 5 while Zero is MetaTrader 5 only.

The earlier review this one rewrites described two further account types, Fixed and Crypto, with a $10 minimum deposit in Bitcoin for the Crypto tier. Neither appears on the current account-selector pages fetched for this review, so a reader signing up on the strength of that older listing may be choosing between options that are no longer offered.

Who AMarkets will not open an account for

The firm’s UK-facing page states plainly that services are not available to citizens and residents of the United Kingdom, and the Germany-facing page states the same for citizens and residents of Germany. Beyond those two, the terms page states that AMarkets LLC and its affiliates do not target clients from the EU, EEA, UK or US, and its risk warning refers to services not being provided to citizens or residents of a further, unnamed list of countries. No list of those countries appears on, or is linked from, any of the pages fetched for this review, so which other nationalities are excluded is not something we can report from what we hold.

Verification and the funding link

The fee page states that transactions are only permitted between a client’s own verified payment accounts, and that withdrawals are processed to the exact card or account used to deposit. That page also states that AMarkets does not support transactions from or to third-party payment accounts. Together this means a new client’s identity is tied to the payment method they fund with at signup: whichever card, e-wallet or bank account passes the deposit becomes the only route back out, and a client who later loses access to that account has no alternative withdrawal path on AMarkets’ own terms.

What AMarkets asks a new client to accept

Two clauses in the firm’s own published documents bind a client from the point they start trading rather than at signup itself, and both matter to anyone opening an account expecting to hand control to someone else. The Risk Warning, at clause 7, states that if a client voluntarily or involuntarily gives a third party or an automated trading system access to their account, the client indemnifies the Company against any claims and losses incurred as a result. Clause 10 of the same document states that for Copy Trading, all strategies are provided by independent third-party traders not affiliated with AMarkets, and the Company shall not be liable for losses or damages arising from the use or performance of those strategies. Read together, a client who opens an account, connects an EA, or follows a Copy Trading strategy carries the loss themselves, with no claim against AMarkets either way.

The terms and conditions page also states that the Company reserves the right to transfer its own functions and powers to a third person, and may disclose a client’s personal data to third parties, agents, and other authorized persons for compliance purposes. Opening an account means accepting that AMarkets can hand its own obligations to another party, and that personal data supplied at signup can travel beyond AMarkets itself.

The Comoros licence behind the signup

The entity a new client actually contracts with matters here, because the firm’s own Regulation page does not treat its three overseas listings the same way. It describes AMarkets LTD’s Comoros authorisation, under the Mwali International Services Authority, using the word “licence.” The Cook Islands and Saint Vincent and the Grenadines entries, by contrast, are described using “registered” and “registry,” not “licensed.” We checked the Mwali International Services Authority register directly and found AMarkets LTD listed under licence T2023284, issued 29 May 2023, with status “Active.” We hold no register entry for the Cook Islands or Saint Vincent and the Grenadines authorities named on that page, so those two numbers have not been checked against any register we hold; that is a gap in what we cover, not a finding about the firm. A client signing up should know which of these three entities they end up contracting with, since only one of the three carries a licence this review could confirm.

Score

Our previous review scored AMarkets 5.1 out of 10; this review scores it 6.5. That move is this review’s own assessment against a rebuilt set of criteria and fresh evidence, not a claim that the firm has changed anything about how it operates. The fees score sits at 8.6, reflecting fee-free deposits across all methods per the firm’s own fee page and a Standard account with no commission on currency pairs and metals. The regulation score sits at 4, reflecting that only the Comoros licence was independently confirmed against a register, while the Cook Islands and Saint Vincent and the Grenadines entries remain unchecked and the Financial Commission listing is a private dispute-resolution membership, not a licence, with its own compensation fund capped at EUR 20,000 per claim.

Deposits & Withdrawals

AMarkets’ own fee page states that deposits carry 0% commission “regardless of the method,” a blanket fee-free claim that applies across bank transfer, card, and e-wallet routes. The firm’s payments page describes these as “Global Payment Methods” but does not publish the full list on the page we fetched; it says the complete set of options only appears in the client’s Personal Area after login. That page also states that AMarkets does not provide cryptocurrency exchange services using its internal systems, and that funds are always returned to the client’s own verified payment account, the exact card or account used to deposit.

What AMarkets charges to withdraw

The firm’s own fee page we fetched covers deposits but not a full withdrawal fee table, so the figures below come from our earlier review rather than a page we read ourselves this time. That earlier review reported a 1.8% fee on card withdrawals, processed in 1 to 5 business days with a $50 minimum; a 0.5% fee on e-wallet withdrawals, processed in 1 to 2 business days with a $20 minimum; a fee of 0.5% to 1% on cryptocurrency withdrawals, processed in 1 to 3 hours with a minimum equivalent to $20 of crypto; and bank wire withdrawals with no fee charged by AMarkets itself, though the receiving bank may apply its own, processed in 3 to 5 business days with a $500 minimum. The same earlier review gave deposit minimums as $10 for cards and e-wallets, $10 worth of crypto, and $100 for bank wire, all processed without a deposit fee. We have not independently confirmed these figures against a current AMarkets withdrawal fee schedule, so they should be read as what the prior review found rather than as something we verified on this pass.

How AMarkets routes a withdrawal

The firm’s payments page, which we did read directly, sets a routing rule that overrides all of the above: Withdrawals are processed only to the exact card or account used to deposit, and the company does not support transactions from or to third-party payment accounts. In practice that means a client who deposited by card cannot later withdraw to an e-wallet or a different card, and cannot redirect funds to someone else’s account, even where that would otherwise be the more convenient or cheaper route. If the original card or account is closed or otherwise inaccessible, the same page gives no alternative path for recovering the funds.

The bonus clawback

AMarkets’ own promotion page describes a promotion called “Double Your Starting Capital,” and its terms bear directly on withdrawals. The bonus is cancelled outright if the client makes any full or partial withdrawal from the account it was credited to, if the account sees no trading activity for 30 calendar days, or if the account is stopped out. Before the credited amount can be used, the client must generate trading turnover equal to the bonus amount divided by 3 USD. The same terms give AMarkets the right to deduct the entire bonus from the client’s account without prior notice and without giving a reason, if it suspects fraud. Taken together, this means a client who takes any money out of a bonus-credited account forfeits the bonus entirely, and the bonus itself can be removed unilaterally at the firm’s discretion.

What this doesn’t cover

The account pages we fetched give minimum deposits by account type rather than by payment method: $100 to open a Standard account and $200 for ECN or Zero. We found no current AMarkets page confirming the Fixed or Crypto account types the earlier review described, including its claim of a $10 minimum deposit in Bitcoin for a Crypto account, so that figure carries the same secondhand caveat as the withdrawal fees above. This review’s fees score moved from a previous 5.1 overall to 6.5 overall, with fees scored at 8.6 in the current assessment; that reflects our own re-scoring against the evidence gathered this time, including the confirmed fee-free deposit policy above, not any change on AMarkets’ part.

Customer Support

Channels AMarkets lists

AMarkets’ own contact page names a long list of department mailboxes rather than a single support address: support@amarkets.com for Customer Support and dealer@amarkets.com for Dealing are both marked 24/7, alongside separate addresses for IT, PR, advertising, HR, asset management, security, legal, actuarial work, international business, reception and partnerships. The firm’s terms and conditions page gives a further address, info@amarkets.com, for legal documents, and names compliance@amarkets.com as the contact for its Data Protection Officer. A Telegram channel for AMarkets Support is linked from the same Customer Support and Partnership Programs sections of the site.

Phone contact is split across two numbers. A general Information Center line, +44 330 777 22 22, carries no stated hours on the page we fetched. A second number, +64 98 844 019, is tied to the firm’s Cook Islands office and is given fixed hours of Monday to Sunday, 9:00 to 18:00, UTC-10. The same page gives a physical address for that office: T&F Chambers, Nikao, Avarua, Rarotonga, Cook Islands.

Escalating a complaint at AMarkets

Beyond the firm’s own channels, the one external route in the evidence is The Financial Commission, where AMarkets LLC is listed as a member with compensation fund cover of up to EUR 20,000 per claim. The Financial Commission itself describes this membership as an independent external dispute resolution arrangement rather than a financial regulator, and it is a body brokers pay to join, not a licensing authority; it publishes no membership numbers, so there is no reference number to check on the page beyond the listing itself. A client escalating a dispute past AMarkets’ own support desk has this fund as the named backstop, capped at EUR 20,000, rather than a statutory compensation scheme with government backing.

Terms that shape what a complaint can actually recover

Several clauses in AMarkets’ own risk warning and terms narrow what a client can claim back through support once a dispute starts. Clause 7 of the Risk Warning states that if a client gives a third party or an automated trading system access to their account, the client indemnifies the company against any claims and losses that result, which puts the cost of a bad EA or a bad manager on the client with no route back to AMarkets. Clause 10 of the same document covers the firm’s own Copy Trading platform directly: because strategies there are supplied by independent third-party traders not affiliated with AMarkets, “the Company shall not be liable for any losses or damages arising from the use or performance of these strategies”, so a losing copied strategy is not something support can be asked to make good.

The Deposit & Withdrawal terms add a procedural limit that shows up as a support issue in practice: withdrawals are paid only to the exact card or account used to deposit, and the company states it does not support transactions from or to third-party payment accounts. A client who has lost access to the account or card they originally funded with has no stated route within these terms to have a withdrawal redirected elsewhere. Separately, the bonus terms for the firm’s “Double Your Starting Capital” promotion give AMarkets the right to deduct all bonus funds from a client’s account “without prior notice or providing any reason” if fraud is suspected, on top of cancelling the bonus outright on any withdrawal, 30 days of no trading, or a Stop Out. And the general terms and conditions reserve AMarkets the right to transfer its own functions and powers to a third party and to disclose client personal data to third parties, agents and other authorised persons for compliance purposes, meaning the entity actually handling a complaint or a data request is not guaranteed to stay fixed.

Several of the country-specific pages our evidence tried to fetch for AMarkets’ Middle East, Australian, UAE and UK markets came back empty on repeated attempts, so contact details and complaint procedures specific to those markets could not be checked against the firm’s own pages beyond what is captured above.

Prohibited Countries

The clearest restriction in our evidence is geographic and it names two markets outright. AMarkets’ own UK-facing page states that services are not available to citizens and residents of the United Kingdom, and the firm’s Germany-facing page states the same for citizens and residents of Germany. Both statements sit on the country-specific root pages themselves, so a UK or German visitor is being told, by AMarkets’ own site, that they are not a market this entity serves.

What AMarkets’ terms say about the wider list

The firm’s terms and conditions page adds a broader disclaimer: AMarkets LLC and its affiliates do not target EU, EEA, UK or US clients, and the risk warning states that services are not provided to citizens and residents of “the following countries.” That phrase implies a fuller list exists somewhere. It was not shown or linked from any of the pages fetched for our evidence, so it cannot be reported here. What can be reported is what the terms actually say: the exclusion covers the EU, the EEA, the UK and the US by name, plus an unspecified further set of countries the terms gesture at but do not enumerate on the page we read.

That gap matters for anyone outside the UK, Germany, EU, EEA or US trying to work out whether they’re eligible. AMarkets’ own published pages, as fetched here, don’t answer that question for the rest of the world. A prospective client in a country not named above cannot confirm eligibility from the pages in our evidence and would need to check directly with the firm before opening an account.

Registration versus licence, and what that means for restricted markets

AMarkets’ own Regulation page describes the Mwali International Services Authority authorisation, licence T2023284, as a licence, confirmed on the Mwali International Services Authority register with status “Active.” The same page describes the Cook Islands and Saint Vincent and the Grenadines entries differently, as company “registered” and “registry” entries rather than licences. This distinction bears on the country restrictions above: the entity actually holding a financial-services licence is a Comoros-registered brokerage, not a UK or EU-authorised one, which is consistent with the firm excluding UK, EU, EEA and US clients rather than seeking passported access to those markets.

The Financial Commission listing that appears alongside these registrations is, by the register’s own description, a membership in an independent dispute-resolution body rather than a regulator, and it does not change which countries AMarkets can or cannot serve.

Names that resemble AMarkets but are not this firm

Searching 1441 warning-list entries mirrored from CySEC, the FCA and FSC Mauritius, AMarkets itself appears on none of them. That search also turned up three unrelated entries worth flagging to anyone searching for this broker online, precisely because the names are close enough to cause confusion. CySEC’s List of Non-Approved Domains names naga-markets.online and quantoria-markets.net as websites not authorised to provide investment services under any Cypriot licence; CySEC publishes these domains without saying which firm, if any, they imitate, so neither is identified as connected to AMarkets. Separately, FSC Mauritius issued an Investor Alert, published 15 September 2014, naming INTELVITA Markets Limited as carrying on financial services business without a licence. None of these three is AMarkets, and none of them appears on any register as the same entity under review here; they are listed because the similar naming is itself a risk for anyone searching.

Scope of what this section can confirm

Beyond the UK and Germany exclusions stated on those countries’ own root pages, and the EU/EEA/UK/US line in the terms and conditions, our evidence held no country-by-country list of who is barred from opening an account with AMarkets. Several pages we tried to fetch for other markets, including Singapore’s and South Africa’s root pages, failed to fetch, so this section cannot say whether those markets carry the same restriction or none at all. Where the evidence is silent, that silence belongs to the pages we could not retrieve, not to a conclusion about AMarkets’ actual reach.

Conclusion

AMarkets scores 6.5 out of 10 in this pass, up from the 5.1 we gave it previously. The move is ours, not the firm’s: this review pulled the fee schedule and account pages directly rather than relying on a summary, and what those pages show is a genuinely competitive cost structure sitting on top of the same thin regulatory picture we flagged before.

Why the regulation score stays low

The regulation score is 4 out of 10, and the register work explains why. The Mwali International Services Authority register confirms AMarkets Ltd under licence T2023284, issued 29/05/2023, status “Active”, and that number matches what the firm’s own regulation page quotes. That is one confirmed licence from a Comoros authority. The other two numbers the firm cites, LLC14486/2023 with the body it names as “Financial Supervisory Commission (FSC)” and 22567 BC 2015 with the body it names as “Financial Services Authority (FSA)”, are not checked here because we hold no register entry for either authority. That is a gap in our directory, not a clean bill for those registrations. More to the point, AMarkets’ own regulation page describes only the Mwali entry as a “license”; the Cook Islands and Saint Vincent and the Grenadines entries are described on that same page as company “registered” and “registry” entries. A company registry listing is not a financial-services licence, and a client with a dispute has nothing statutory behind those two. The Financial Commission membership that AMarkets also cites, with its EUR 20,000 compensation fund per claim, is confirmed on the Financial Commission’s own member table, but the Commission itself is a private dispute-resolution body that brokers pay to join, not a regulator, and it publishes no membership numbers to check. Set against a statutory scheme like the FSCS or the ICF, that fund is not the same order of protection.

What AMarkets charges, and why fees score well

Fees carry the highest mark in this scorecard, 8.6 out of 10, and the firm’s own account and fee pages support it. The Standard account needs a $100 minimum deposit, floats spreads from 1.3 pips, and carries no commission on currency pairs or metals. The ECN account needs $200, floats from 0.2 pips, and charges $2.5 per lot per side. The Zero account, also $200 minimum, floats from 0 pips on majors and metals 90% of the time for a $5.5 per lot per side commission, but runs on MetaTrader 5 only. The firm’s UK fee page states deposits are fee-free across all methods. Withdrawal costs come from our earlier review rather than from a page we fetched this time: a 1.8% card withdrawal fee, 0.5% on e-wallets, 0.5% to 1% on crypto, and no AMarkets fee on bank wire (though the bank’s own fees may apply). Those numbers are worth restating as reported, not as figures we verified ourselves.

Platforms and what a trader actually gets

Platform scores 6.9 out of 10. MetaTrader 4 and MetaTrader 5 are both live, MT4 with 30 indicators and nine time frames plus MultiTerminal and the usual desktop, mobile and web builds. AMarkets also runs its own mobile app and a Copy Trading platform. On that last point, the firm’s own risk warning is explicit that strategies come from independent third-party traders not affiliated with AMarkets, and clause 10 states the company is not liable for losses from using or from the performance of those strategies. Clause 7 of the same risk warning goes further: a client who hands account access to a third party or to an automated trading system indemnifies AMarkets against claims and losses from that activity. Copying a strategy or running an EA on this platform leaves the client carrying the risk alone.

Support and where the low mark comes from

Support sits at 4.8 out of 10. AMarkets lists a wide spread of contact channels, a 24/7 support email, a 24/7 dealing email, phone numbers for its Information Centre and its Cook Islands office, and a support Telegram, which is more channel variety than many CFD brokers publish. The lower score reflects the account and bonus terms a client has to navigate rather than the channel count: the “Double Your Starting Capital” bonus is cancelled on any full or partial withdrawal from the credited account, needs a trading turnover equal to the bonus amount divided by 3 USD before it unlocks, and AMarkets reserves the right to deduct the bonus without prior notice or any stated reason if it suspects fraud. Withdrawals are also locked to the exact card or account used to deposit, with no third-party payment accounts supported, which limits a client’s options if that original account becomes unreachable.

A reader searching the name should note that naga-markets.online, quantoria-markets.net and INTELVITA Markets Limited are separate entities flagged on the CySEC, FCA and FSC Mauritius warning lists, not AMarkets.

TrueBroker scores AMarkets 6.5 out of 10: one confirmed Comoros licence, two other jurisdictions that are company registrations rather than licences, and no match among the 1,441 warning-list entries we checked.

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