BEST META TRADER 4 BROKER - AMarkets Review

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Overview

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

Features

• Provision of a VPS server
• API capabilities
• Trading signals
• Support of the Autochartist system
• Web-based platform
• Cashback rebate
• Guaranteed stop loss

Trading Accounts

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

Trading Features:

• Scalping
• Hedging
• Trading with expert advisers
• Trailing stop
• Trading 24 hours a day
• Mailing the documents

Fixed account

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

Standard account

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

ECN account

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

Bitcoin Account

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

Security of Funds

Can you count on AMarkets to secure your funds? The answer is yes. Before that, it is essential for you to understand that the broker provides a wide range of trading products. That is inclusive of 50 currency pairs, stocks, commodities, CFDs, Metals, ETFs and so on.

More so, the broker uses popular and reliable trading platforms like xStation and MetaTrader4. The Financial Services Authority also registers the broker. The responsible regulatory body, the Financial Commission sees to it that any conflict arising between the participants of the financial markets are settled accordingly. More so, traders and clients are also offered protection through a compensation fund that goes up to $10,000 for each case.

The fact that the broker is also a member of the Russian Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) offers the members funds another layer of protection. Huge funds are encouraged to execute their trade via direct API trading. Reason being it allows them direct access to the market and advanced technology execution.

Trading Conditions

Minimum Initial Deposit

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

Average Spreads & Commissions

With AMarkets Forex broker, you can have access to both variable and fixed spreads. The nature of the spreads is such that the fixed spreads are 2 pips on EUR and USD while the variable spreads vary according to account types. For instance1.5 pips is for the accounts that are free and for ECN accounts it is 0.3 pips.

Maximum Leverage

What are the leverage rates for AMarkets brokers trading accounts? The broker provides high leverage which goes up to 1:500. If you study the market well, you will realize that most of the brokers give maximum leverage of between 1:200 and 1:400. Also, as you work with higher leverage, it is also important to know that it also comes with higher risk.

Trading Platforms

AMarkets have two types of trading platforms to pick from. You can choose to either work with MetaTrader4 and xStation. Both trading platforms are popular and give you as a trader the best trading experience.

MetaTrader4 is available for mobile, PC and web use. It is mostly a darling to the more experienced traders in the market. The platform has unlimited options for usability. The interface is user-friendly, it provides the traders with Expert Advisors, automatic trading plans and charting technology.

xStation, on the other hand, can be tailor-made to suit the individual needs of the different clients. The platform is also coupled with advanced features meant to help the trader make an analysis of the market and execution by just a click. Also, the traders can be able to access the market through the charts directly.

Promotions

This broker has a variety of promotions running from time to time. In the recent past, the broker was running a promotion of compensating the traders for funding costs and referral bonuses. Starting this month, the broker will be giving the clients 25% of every deposit they make in the month of December. More so, fund disposals and withdrawals are commission-free. For new clients using the MetaTrader4 platform, they will be getting a double on their deposits, that is for fixed and standard accounts. The broker also allows payments to be made through several modes. You can make deposits through Skrill, Perfect Money, FasaPay, using a prepaid card or via Union Pay.

Summary

The reason why you should consider AMarkets for Forex trading owes to the fact that it is a reliable broker. The broker has managed to secure itself a good name in the Forex market and a quick look through Amarkets customer reviews and comments will give you a better picture. Its years of experience in the market is proof of how much the broker has its way around the market. Get to trade with the assortment of instruments offered by the trader and enjoy its competitive trading conditions.

Reprinted from Topbrokers, the copyright all reserved by the original author.