AMarkets.com (.org .biz) Review

3.205 • 12 REVIEWS
Updated: Feb 8, 2024
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AMarkets is a forex broker. A Markets offers the MT4 and MT5 forex trading top platform. AMarkets.com offers over 40 forex currency pairs, cfds, commodities, stocks, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
It has come to the attention of the FPA that Denis Kulagin, the former Head of Marketing for MFX Broker, now works for AMarkets.  While at MFX, Denis personally attacked the FPA and defended MFX Broker for sponsoring an event by one of the world's most notorious financial scammers.

Denis Kulagin also spent over a year promoting and defending an obvious Ponzi scheme run by MFX Broker before the company stopped paying withdrawals and then disappeared along with money belonging to clients.

The FPA wonders about the safety of any financial company that would employ someone like Denis Kulagin.

Other websites of this company include Amarkets.org

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $100
Established: 2007
Address: Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent And Grenadines
Contact: support@amarkets.com, +44 20 380 869 68
Regional offices:
Regulators: SVGFSA #22567 IBC, FC #
Prohibited countries: Show all >>
Trading platforms: MT4, MT5
Web Trading: βœ… Yes
Mobile Trading: βœ… Yes
ECN: βœ… Yes

Trading Instruments

Currencies: (40+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (180+) Gold, Silver, Stocks, Stock Indexes, Bonds, Oil, Other Commodities

Trading Conditions

EAs/Robots: βœ… Yes
Scalping: βœ… Yes

Managed Accounts & Social Trading

Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Neteller, PerfectMoney, Skrill, WebMoney
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Neteller, PerfectMoney, Skrill, WebMoney
* Please check broker website for more information
3.205 • 12 REVIEWS

Recent User Reviews of AMarkets.com (.org .biz)

F
FXFORME
Stockholm, Sweden,
Jan 16, 2024,
Registered user

Denis Kulagin Again !!!!!

Service use: Live Length of use: 6-12 Months
When I saw Denis Kulagin name in FPA again , I withdrew all of my balance right away.
The same thing will happen again with this scammer in this broker.
L
Lone Forexer
Capital, Iran, Islamic Republic of,
Sep 18, 2021,
Registered user

Utterly Irresponsible!!!

Service use: Live Length of use: 0-3 Months
Amarkets lets traders trade cryptocurrencies like any other instrument in Forex market times of the week (Monday-Friday~ Almost). What they never inform their traders is that they can't open, close or edit cryptocurrency trades on the weekends!
It gets worse: SLs or TPs set for any open trades doesn't work on weekends!!! So you may be in a profitable trade on Friday, trailing your stop manually, and in the weekend that same trade is a loss cause the stop didn't execute due to their servers not working!!!
This is an unprofessional irresponsible behavior letting traders hang out to dry without any previous notifications.
L
Reply by AMarkets Company submitted Sep 22, 2021:
Hello Lone! Thanks for your feedback! We are very sorry for your negative experience.
We want to note, that the current trading schedule for any instrument can always be checked on the website (section with Trading Instruments) and in the terminal.
And also, we would like to announce the great news. Cryptocurrency trading 24/7 will be available in the near future!
So if you have any question, support team will be happy to help you via the online chat on our website amarkets.com or by email support@amarkets.com
Best wishes, AMarkets Team
K
Kalu Peter
Nigeria, Nigeria,
Jul 2, 2021,
Registered user

My experience with AMarkets Ltd

Service use: Live Length of use: 6-12 Months
I have traded forex with this Brocker for over a year now, their bonuses lured me to them and they kept their promise. I have made huge profits and withdrawal has been pretty easy and fast with no extra charges attached. I do recommend the brocket AMarkets Ltd To friends trading forex and other instruments in the financial markets because you will benefit more from their spread ( very minut), fast execution above all their bonus are tradable. So I recommend AMarkets to my fellow traders in Nigeria and Africa too.
1 trader has found this review helpful
X
Xylophone
Johannesburg, South Africa,
Mar 13, 2021,
Registered user

Untrustworthy

Service use: Live Length of use: 0-3 Months
Because i took the offered bonus, after making 250$ profits ,I tried to withdraw and they told me I can't withdraw since I haven't traded all required lots because I took bonus.i ask,but you told me you are closing trading operations in my country and told me to withdraw my funds, how does that add up.no response, no money came back to me after trying to withdraw 7 times getting a "withdrawal declined" email after a couple if minutes.i never belived that one can be scammed by a broker,not until the previous week.i was shunned, all my hard work eaten by this broker.thank you markets for showing me your true colors while I haven't made big profits .
X
Reply by AMarkets Company submitted May 25, 2021:
Dear sir

Thank you for your feedback!

The company always fulfills its obligations for withdrawing funds. If you participated in the bonus promotion, you may not have fulfilled all the necessary conditions for the withdrawal of the capital. We kindly ask you to indicate your wallet ID or trading account number in the AMarkets system. We will check the information and provide you with a detailed answer.

We remind you that AMarkets is regulated by the Financial Commission, an independent mediator, which includes brokers regulated around the world. Since September 1, 2016, AMarkets clients' funds have been insured in the amount of € 20,000 by the compensation fund of the commission for each claim.

Also, we would like to inform you, that you can contact the customer support service for an immediate answer to your question using the following details: https://www.amarkets.com/about-amarkets/contacts/

Best regards,
AMarkets Team
J
Jlu
Moscow, Russian Federation,
Jul 16, 2020,
Registered user

a double cabinets on different domens ? what was that ?!?

Service use: Live Length of use: over 1 Year
after a long period of time, I decided to log to my personal account
from the main page of the site with .com I was transferred to the site with the .biz domain !!!
after contacting the chat support, the employee gave a link to the account with the domain .org !!!
after asking how this is possible ? one aacount could reached to its cabinet on 2 different domains ?, no one answered me, the specialist said goodbye and disconnected
all screenshots as a proof maded,
what it is and how to react I do not know yet
J
Reply by AMarkets Company submitted Jul 22, 2020:
Hello Jlu.

AMarkets is a global and international company, which has a plenty of various domains for different purposes. For example, '.com' domain is a global one, while the '.org' one is to be used by Russian-speaking clients. The AMarkets Personal area also has its own domain.

We don't really understand what your complaint is mainly about. If you're unsatisfied with the Customer Support work, please, kindly let us know the name of a manager you were chatting with and other details of the conversation as you have all screenshots and some other proof.
A
Atif Iqbal
Multan, Pakistan,
Mar 26, 2020,
Registered user

Don't Trust Their Support Staff and Personal Manager and Website

Service use: Live Length of use: 0-3 Months
i opened account with AMarkets they showed me message to deposit within 48 hours to avail 25% bonus. I provide all verification documents. i talked on chat they said me to deposit earliest. But i want to know about bonus so i talked to my Personal Manager. Her name is Daria she asked me to deposit asap so that she give me bonus. But when i deposited $1000 she refuse to give bonus and said Risk department don't allow.
i did 3 transaction then i asked on chat i want to withdraw my funds the person on chat told me to deduction of 1% skrill fee. but when i receive my funds they deduct 6% charges.
So my result is this This Company is misguiding they give you greed of bonus then refuse and keep 60$ of clients. In this way company is making money by keeping clients funds.
I request all of you to stay away from this company.
2 traders have found this review helpful
A
Reply by AMarkets Company submitted May 5, 2020:
Hello Atif Iqbal!

AMarkets doesn't guarantee the trading bonus provision, as this is an additional privilege, but not an obligation. AMarkets bonuses regulation (https://static.amarkets.trade/s2.amarkets.org/docs/bonus_reglament_en.pdf) states that the Company may refuse to accrue the bonus.

The commission is determined by the payment system solely. AMarkets doesn't earn on either funding and withdrawals commissions or conversion operations.

We fully reimburse all funding's commissions at our own expenses. But if a client doesn't perform any trading operation and withdraws the funds immediately after the account has been topped up, the company reserves the right to charge the funding commission's reimbursement from the client.
K
khauhelo
South africa, South Africa,
Sep 16, 2019,
Registered user

Amarket took my 100 dollar without any explanations

Service use: Live Length of use: 3-6 Months
Deposited 100 dollar and it was taken without any explanations. My maneger dont reply to my emails.
K
Reply by AMarkets Company submitted Sep 27, 2019:
Dear khauhelo,

We're sorry you've faced such unpleasant situation.

Could you kindly tell us in details about your problem and provide with your account information in AMarkets due to our manager could contact you?

Best regards,
AMarkets
K
Kaarm tayea
Egypt,
Jan 14, 2019,
Registered user

More than a year ago I opened an account The customer service is great and quick withdrawals are made very quickly within minutes.
Good broker.
M
madoras
jawa barat, Indonesia,
Oct 24, 2018,
Registered user

Amarkets is good broker, they give me no deposit bonus, and i can withdrawal profit after making 2 lot trading, im using emoney fasapay for withdrawal. as i know they dont have live support and its weird. but overall they are good and paid my withdrawal
O
oxygenx
Turkey,
Sep 25, 2018,
Registered user

Amarkets

Amarkets processed my withdrawal request after ten days, the problem was solved. ........

Jun 28, 2018 - 1 Star they have not processed my withdrawal request for on week. Their customer service is terrible,

Reply by Andrew AMarkets submitted Aug 15, 2018 Dear Valued Customer,

Please provide us with your wallet number so that we can solve your problem if such exists.

Please email us at partner@amarkets.com

We will address your problem shortly and get back to you with the most suitable solution.

Frequently Asked Questions

What is the minimum amount to start trading in AMarkets?

The minimum deposit to start trading with AMarkets depends on the account types.
  • Fixed account: $100/€100
  • Standard account: $100/€100
  • ECN account: $200/€200

What is the maximum leverage for AMarkets?

The maximum leverage offered by AMarkets depends on the account types.
  • Fixed account: 1000:1
  • Standard account: 1000:1
  • ECN account: 200:1

Does AMarkets offer Islamic accounts and how to open one?

Islamic (Swap-free) accounts are available in AMarkets.

To open an Islamic account takes a few simple steps:
  • Open a Standard, ECN or Fixed account
  • Get verified and deposit funds into your account
  • Request to change your account type to Islamic in the Personal area
  • Once your request is processed your account will be changed
    to Islamic
However the Swap-free service does not apply to CFD Indices, Commodities, Bonds, Metals, Cryptopairs, Equities.

What is AMarkets?

AMarkets is an online forex broker, founded in 2007. AMarkets offers the following assets to be traded on MetaTrader 4 and 5.
  • Forex
  • Indices
  • Commodities
  • Bonds
  • Metals
  • Cryptopairs
  • Stock CFD