Amega
Disclaimer:The information provided on this site should not be distributed or used by any individual in any country or jurisdiction where such distribution would violate local laws or regulations.
Popularity | |
Leverage | Up to 1:1000 |
Minimum Deposit | $1 |
Regulation | Not regulated |
Payment Methods | Bank Wire, Visa/MasterCard, Cryptocurrencies, Skrill, Neteller |
Trading Assets | Forex, Commodities, Indices, Cryptocurrencies |
MT4 | ✅ |
MT5 | ✅ |
Spreads | Extremely low |
Average cost: EUR/USD | 0.8 pips |
Demo Account | ✅ |
Islamic Account | ✅ |
MAM | ❌ |
PAMM | ✅ |
CopyTrading | ✅ |
ZuluTrade | ❌ |
Scalping | Yes |
Signals | ✅ |
EAs/Robots | Available |
Negative Balance Protection | Yes |
Deposit Fee | ❌ |
Withdrawal Fee | ❌ |
Inactivity Fee | No |
Year Established | 2017 |
Address | First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines |
Contact Information | Email: [email protected], Phone: Not available |
Mobile Trading APP | Not Available |
Rating | ★★★★☆ |
Website |
Pros and Cons
- Extremely low spreads enhance profitability
- Support for both MT4 and MT5 platforms
- Wide range of payment methods including cryptocurrencies
- Offers demo and Islamic accounts
- High leverage options available up to 1:1000
- Not regulated by any recognized financial authority
- Limited educational resources for beginners
- No mobile trading app available
- Customer support lacks phone contact option
- Limited asset classes compared to other brokers
Introduction
Amega is an online Forex and CFD broker that has been gaining attention in the trading community for its wide range of trading instruments, competitive spreads, and flexible account types.
This review aims to provide an in-depth analysis of the broker, covering its trading platforms, account types, fees, regulation, customer service, and more, to help traders make an informed decision.
Open a free accountTrading Platforms and Tools
MetaTrader 4 (MT4)
MT4 is renowned for its advanced trading features, customizable charts, and extensive library of indicators and automated trading robots (EAs).
Key Features:
- User-friendly interface suitable for beginners and professionals
- Advanced charting tools and technical indicators
- Supports automated trading through Expert Advisors (EAs)
- Mobile trading apps for iOS and Android
MetaTrader 5 (MT5)
An upgrade to MT4, MT5 offers additional features such as more timeframes, technical indicators, and enhanced order management tools.
Key Features:
- Depth of Market (DOM) access
- Additional charting tools and technical indicators
- Built-in economic calendar
- Improved strategy tester for EAs
Account Types
Amega offers different account types to suit the needs of different traders, from beginners to professionals.
Each account type comes with its set of conditions, including spreads, leverage, and minimum deposit requirements.
Account Type |
Minimum Deposit |
Leverage |
Spread |
Mini |
$1 |
1:1000 |
From 0.5 pips |
Premium |
$100 |
1:1000 |
From 0.1 pips |
Swap-Free |
$1 |
1:1000 |
From 0.5 pips |
- Mini Account: Ideal for beginners, offering low minimum deposit and high leverage.
- Premium Account: Designed for experienced traders, featuring tight spreads.
- Swap-Free Account: An option for traders who require Islamic accounts, with no swap fees.
Trading Instruments
Amega broker offers a wide range of trading instruments across various markets:
- Forex: Access to major, minor, and exotic currency pairs.
- Commodities: Trade precious metals like gold and silver, along with energy commodities such as oil.
- Indices: Access to global equity markets through major indices.
- Cryptocurrencies: Trade popular cryptocurrencies against the USD.
Fees and Spreads
One of its competitive advantages is its low fees and tight spreads, making it an attractive option for traders looking to minimize trading costs.
- Forex: Spreads start from 0.5 pips for major currency pairs.
- Commodities and Indices: Competitive spreads without additional commissions.
- Cryptocurrencies: Transparent pricing with spreads from $1.
Leverage
- High leverage up to 1:1000, allowing traders to control large positions with a small amount of capital.
- Risk Warning: High leverage increases the risk of trading. It’s important for traders to use leverage wisely and manage their risk accordingly.
Regulation and Safety of Funds
- Regulation: Currently, the company is not regulated by any major financial authority.
- Safety Measures: Segregation of client funds in top-tier banks and SSL encryption for data protection.
Customer Support
- 24/5 Customer Support: Accessible via live chat, email, and call-back service.
- Languages: Support is available in multiple languages, catering to a global clientele.
Education and Resources
- Educational Materials: Includes webinars, tutorials, and articles for traders of all levels.
- Trading Tools: Economic calendar, market analysis, and trading signals.
Conclusion
Amega offers a comprehensive trading solution for traders looking for competitive spreads, a wide range of trading instruments, and flexible account types.
While the lack of regulatory oversight may be a concern for some, its commitment to safety and customer support helps in mitigating these concerns.
As with any broker, it’s important for traders to conduct their own due diligence and consider their trading needs and risk tolerance before opening an account.
Why Choose Amega?
- Competitive Spreads and Low Fees: Maximizes trading profitability.
- Flexible Account Types: Catering to a wide range of traders.
- Comprehensive Trading Platforms: Access to MT4 and MT5.
- Wide Range of Trading Instruments: Offers diversification opportunities.
- Dedicated Customer Support: Ensures a seamless trading experience.
User Reviews
Featured Broker Video
Frequently Asked Questions (FAQ)
What is the minimum deposit?
The minimum deposit required to open an account is $1, making it accessible for traders of all levels.
Is Amega regulated?
No, it is not regulated by any recognized financial authority. This is an important consideration for traders looking for regulatory protection.
Does Amega offer a mobile trading app?
No, the broker does not currently offer a mobile trading app, which may be a disadvantage for traders who prefer to manage their trades on the go.
Can I trade cryptocurrencies?
Yes, Amega offers a wide range of cryptocurrency trading options, allowing traders to diversify their portfolio with digital assets.
Are there any fees for depositing or withdrawing funds?
Amega does not charge any fees for depositing or withdrawing funds, making financial transactions cost-effective for traders.
Does the broker offer demo accounts?
Yes, Amega provides demo accounts for traders to practice their strategies without risking real money.
What platforms does it support?
Amega supports both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, offering traders a choice of powerful trading platforms.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Last update: April 27, 2024