AMEGA Review
AMEGA is a forex broker that is relatively new to the forex space. As a result, they don’t have a lot of “time-tested” credibility to their advantage. In this AMEGA review, I’ll be examining in detail the different aspects of forex brokerage as it pertains to AMEGA.
Overview and Background Information
AMEGA was founded in 2017 and is headquartered in the Marshall Islands. The broker is not regulated at the time of writing this review and is prohibited from quite a number of countries. Prohibited countries include Australia, France, Germany, Canada, UK, USA, among others.
The broker offers about 42 trading instruments including forex pairs, cryptos, and CFDs. This is likely to increase in future.
Summary
Regulation
AMEGA is not regulated by any authority at this moment.
Deposits and Withdrawals
Deposits and withdrawals can be made at AMEGA through a variety of payment options. Totaling about 110 options, the payment options may be more region-specific. According to the website, deposits are processed typically instantly, while withdrawal processing is 24/7.
Deposit and withdrawal methods include money transfers, credit and debit cards, cash, Perfect Money, WebMoney, UnionPay, Okpay, FasaPay, BPay, Qiwi, Bitcoin, AliPay, among others.
You can also open accounts in multiple currencies – about 100 of them. Account currencies include USD, GBP, EUR, CHF, JPY, RUB, NZD, CAD, DKK, SEK, BGN, PLN, SGD, HKD, ILS, TWD. Others include THB, ZAR, KRW, MXN, AUD, NOK, HUF, GLD, CZK, NGN, and many more.
Trading Platforms
AMEGA offers both MetaTrader 4 and 5. The MetaTrader platforms are just about the most versatile in the industry and very capable. The broker does not offer any proprietary platform although there are web-based and mobile platforms for MetaTrader.
Fees (spreads/commissions)
AMEGA offers competitive pricing with its spreads starting from 0.0 pip. The spread can be fixed or floating depending on the type of account.
Execution
AMEGA executes orders at market execution. The broker runs a STP brokerage model, therefore, it does not have a dealing desk.
Customer Support
Customer support is available through email and live chat on their website.
- E-mail: [email protected]
Account Types
There are a total of 7 account types at AMEGA to choose from. These are Premium MT4 & MT5, Scalper MT4 & MT5, Swap-free MT5, Mini MT5, and PAMM Premium MT5.
However, across all accounts, the minimum to open a live account is $1 and maximum offered leverage is 1:1000. The minimum trade size is 0.01 lot.
The trading instruments vary by the account with the MT5 accounts having more than the MT4 accounts. AMEGA also offers PAMM accounts for investors.
Instruments
AMEGA offers about 42 total instruments for trading. This includes about 34 currency pairs and 8 CFDs including metals and cryptocurrency. This is sizeable and is even poised to increase as the broker ages.
Education and Research
AMEGA at the moment does not offer any educational resources for its clients. However, there are research tools. Tools such as economic calendar, news, and technical analysis can be found on the website.
You can get more forex tools to ease your trading experience here at crackingfx.com.
Promotions
AMEGA currently runs promotions such as a 150% welcome deposit bonus, 100% deposit bonus, etc. You can view some of their bonuses here on this website, or visit their promotions page.
Final Words
AMEGA is still new to the forex brokerage space and has such does not have some of the perks that come with age. The broker has sure gotten to a good start and will surely become better and more trusted if they continue to improve upon their services.
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