Is AMarkets Scam or Legit broker?

AMarkets is not one of the secure Forex Brokers since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes.

  • It is not safe to trade with AMarkets as it is an offshore broker. AMarkets is registered by the Financial Services Authority (FSA) of Saint Vincent, registration No. 22567 IBC 2015. AMarkets is a member of The Financial Commission, an independent external dispute resolution (EDR) organization.


About AMarkets
🗺️ Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is AMarkets safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is AMarkets?

AMarkets is a Forex and CFDs broker that provides trading through the MT4 and MT5 trading platforms. Providing brokerage services in the CIS countries, Asia and Europe, AMarkets focuses on offering high-quality services and comprehensive support to its clients and partners.

  • However, in terms of regulation AMarkets is not safe at all. The fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements for the company operation. Therefore, it became an offshore zone for shady forex brokers such as CVC Markets, AAG Markets, and more. Read more about St. Vincent and the Grenadines regulation by the link.
  • According to the website, AMarkets is a Member of the Financial Commission, which settles disputes between financial market participants, and protects each of our clients with the Commission’s compensation fund, for up to 20 000 EUR per case. Even though FinaCom is a well-respected organization, it is a self-regulatory organization that cannot guarantee the safety of the trading environment and does not regulate the daily operations of the company, therefore can’t provide necessary protection to the client.


Overall AMarkets Ranking 

Our research showed multiple issues in respect of the regulation and reliability of AMarkets, we do not rank positively AMarkets, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • AMarkets Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
RankingAMarketsIC MarketsBDSwiss
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneEducationTrading Instruments

AMarkets Alternative Brokers

Based on the AMarkets safety and regulations issues we found during our research, we suggest much better Alternatives to AMarkets with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below: 

AMarkets in India

AMarkets has no mention of complying with any Indian regulators on its website. The broker does not hold any license from the regulatory body in India. This means, that the investments with the broker might be at risk. 

AMarkets in the USA

The United States is one of the countries that is not accepted by AMarkets. As per U.S law, brokers regulated by CFTC are the only brokers allowed for USA traders. So, except for AMarkets, you are only permitted to trade with the U.S-regulated platforms.

Deposits and Withdrawals

The minimum deposit to start trading is $100/€100. To be able to fund your trading account, you have to complete the identity verification (Also read about Fortrade minimum deposit). 

  • AMarkets does not charge any additional commission on withdrawal in its favor. When withdrawing funds from your account, you only pay transaction fees charged by the payment system. The payment system might also deduct the fixed commission on withdrawal.
  • The broker offers the following payment methods: VISA, MasterCard, Bank Transfer, ADVcash, Skrill, WebMoney, Perfect Money, FasaPay, Neteller, and TopChange. 


AMarkets offers its traders MT4 Mobile and MT5 trading options for both iOS and Android. With smartphones, forex traders no longer need to be tied up to their desks, spending hours watching their trading screens. Instead, they can monitor the markets through their mobiles whenever they are. Mobile trading with MT4 allows you to have complete control over a trading account and trade from anywhere 24/5.

  • The MetaTrader 5 (Check the best MT5 brokers here) custom trading app condenses the core features of the desktop platform into a simple and user-friendly smartphone interface. Trade on the go in your iOS or Android device and access current price quotes, analyze data with customizable candlestick and line graphs with the tap of a finger.

Demo Account 

AMarkets offers a demo account so you can try the AMarkets platform with virtual trading before you put down a payment. A demo account is a great opportunity to practice strategies and become familiar with the platform with their demo account option. Also, check FBS Broker Review which offers a Demo account.

AMarkets Review Conclusion

Even though the trading offering might seem attractive, in our opinion, you may find something more interesting among the regulated brokers. But an offshore status of the company does not guarantee the provision of services at the necessary level of client and funds protection. For that reason, we would advise choosing the broker more carefully and checking its regulation status first. The reputable firms that hold FCA, FINMA, or other licenses are established by international standards, protecting clients at every step and even compensating the trader in case things go wrong with the company. Thus, sign in with reliable brokers, such as  Pepperstone and TMGM.

  • Overall ranking and experience for AMarkets is Negative

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8 responses to “AMarkets”

  1. Push notifications really remain one of the best ways to send traffic, at least they come to me, and there are never any problems with push notifications. And the approval is quite high, so they don’t offend them at all in terms of money.

  2. Commission for replenishment was not removed)). There are enough instruments, and I am quite satisfied with the speed of order execution.

  3. I trade on oil and there is no swap here, hold the position as long as you like. Withdrawal commissions are not horsey, like some, but I replenish without commissions, but it’s a pity not all cards are accepted, there were difficulties.

  4. Normal company for trade and education. Interesting analytics, cryptocurrency with a leverage of 1:3000, and support responds quickly. I’m satisfied!

  5. You can start with a small deposit. I first traded on a standard account, then switched to an ECN account. This account has zero spread plus a small commission.

  6. Basically everything is perfect here. Nice to visit the site and good technical support. I had a bonus from this company that honestly worked and withdrew profit. Nothing bad I can say only positive emotions.

  7. From my personal experience, I can say that the brokers are really reliable and responsible and the conditions are quite acceptable and everything is always good when it comes to withdrawals and assistance. But I also want to note that now the use of copy trading is very popular and interesting.

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