AMarkets review 2026: $100 minimum deposit, MT4/MT5, and spreads from 0 pips on Zero
AMarkets is an Avarua, Cook Islands-based ECN/STP forex broker founded in 2007. It holds offshore MISA license T2023284 (Mwali, Comoros) and trades on MT4, MT5, and the AMarkets App with Standard, ECN, Zero, and Islamic account options. It serves retail clients across 44 forex pairs, metals, indices, commodities, stock CFDs, ETFs, and cryptocurrencies.
What is AMarkets?
AMarkets is a forex and CFD (Contract for Difference) broker that traces its operating history to 2007. The group uses several legal entities, including AMarkets LTD and AMarkets LLC. Its current contact page identifies Avarua, Cook Islands as an operating location, while the group also maintains registrations in Comoros and Saint Vincent and the Grenadines. The structure is therefore offshore rather than based around a UK, EU, US, or Australian investment-firm license.
The broker describes its execution model using ECN (Electronic Communication Network) and STP (Straight Through Processing) terminology. Its retail product range covers forex, metals, indices, commodities, stock CFDs, ETFs, and cryptocurrencies. The official account schedule lists 44 forex pairs on Standard and ECN accounts, alongside 400 stock CFDs and 33 cryptocurrencies. AMarkets also states that its companies do not target EU, EEA, UK, or US clients.
Is AMarkets regulated? Verification check
AMarkets discloses Mwali International Services Authority supervision for AMarkets LTD under license T2023284. The MISA register lists AMarkets LTD, company number HY00523405, under license T2023284 with status Active, issued May 29, 2023 and valid until May 29, 2027 (source: Mwali International Services Authority register, checked September 29, 2026). MISA is an offshore authority in Comoros, so this license does not carry the supervision or investor protection of a Tier-1 or Tier-2 regulator.
Correction, September 29, 2026: an earlier version of this review said the MISA license could not be verified as current, based on a record that showed a May 29, 2025 end date. The MISA register lists the license as active until May 29, 2027, and the review has been updated.
The broker also lists AMarkets LLC in the Cook Islands under registration LLC14486/2023. Its Saint Vincent entity uses company number 22567 BC 2015. A certificate dated March 18, 2026 confirms that the Saint Vincent company remained on the Business Companies Register. That certificate establishes corporate registration, not a forex brokerage license.
The Saint Vincent and the Grenadines Financial Services Authority states that it does not license forex trading or brokerage activities. Its public notice explains that locally registered business companies conducting forex brokerage operate without a forex license from that jurisdiction (source: SVG FSA, Unlicensed Forex/Binary Options notice, February 3, 2022). The distinction matters because corporate registration does not provide the investor-protection framework of an FCA, ASIC, or CySEC investment license.
What trading platforms does AMarkets offer?
The broker supports MT4 and MT5 (MetaTrader 4 and MetaTrader 5) together with its own AMarkets mobile application. Standard and ECN accounts support both MetaTrader versions, while the Zero account uses MT5. MetaTrader also supports Expert Advisors, which are automated trading programs written for the platform.
Platform availability is one of the broker's stronger operational areas. Traders can use familiar desktop and mobile infrastructure instead of relying only on a proprietary web terminal. The platform choice does not change the regulatory status of the legal entity holding the account.
Red flags and warning signs
The main risk signal is the regulatory tier rather than the license status. AMarkets' only forex authorization is the offshore MISA license T2023284, which the MISA register lists as active until May 29, 2027. MISA oversight is not comparable to FCA, ASIC, or CySEC supervision, and no statutory investor compensation scheme was identified.
The Cook Islands entry is a company registration, and the Saint Vincent entry is also a business-company registration. Neither record was treated as equivalent to a Tier-1 investment-firm authorization. The broker's advertised maximum leverage reaches 1:3000, a level associated with offshore retail trading rather than major-jurisdiction retail caps.
Minimum deposit
The minimum deposit is 100 USD for the Standard account. ECN and Zero accounts each require 200 USD according to the broker's current account pages. The Standard account starts with a floating spread (the gap between bid and ask prices) from 1.3 pips.
ECN pricing starts from 0.2 pip and carries a commission of 2.50 USD per lot per side. Zero pricing starts from 0 pip and carries a 5.50 USD commission per lot per side. A pip is the standard small price increment used to quote most currency pairs.
Regulator warning-list check
The September 19, 2026 scan did not identify an AMarkets entry in the FCA, ASIC, CySEC, BaFin, FINMA, FSCA, DFSA, or FINRA warning searches performed for this review. Absence from a warning list is not the same as holding authorization from that regulator. No Tier-1 license was verified for the broker in this assessment.
The relevant documented regulatory issue is therefore not a public Tier-1 warning. It is the status of the offshore license claim and the distinction between corporate registration and financial-services authorization. Readers comparing regulatory protection should keep those categories separate.
User complaint patterns
AMarkets has a user-aggregate rating of 4.8/5 from 3,740 reviews at the September 19, 2026 scan. Aggregate feedback is predominantly positive, especially around support and routine deposits and withdrawals. Recent negative feedback also includes cases involving withdrawal verification, banking holds, and delayed resolution.
User reviews are evidence of customer experience, not proof of regulatory status. A high aggregate score cannot substitute for an active financial-services license. Complaint data is most useful for identifying recurring operational themes when read alongside the broker's formal withdrawal rules.
Withdrawal reports and verification steps
Withdrawals follow a proportional-return rule based on the original funding methods. The broker states that all payment methods used for deposits must be verified before funds can be withdrawn. Deposits made across several methods must be returned in the same proportions, including the allocation of trading profits.
The official funding guidance lists bank cards, Perfect Money, Volet, and cryptocurrencies among supported routes. Visa and Mastercard are specifically documented for card funding. Some recent user reports describe additional verification or banking issues during withdrawals, while other reviewers report routine processing without difficulty.
How to verify the license claim yourself
License verification means matching the legal entity, license number, website, and current status on the regulator's own register. A broker-site badge or footer statement is not enough by itself. For AMarkets, the relevant identifiers are the Mwali license and the two company registrations.
- Search the Mwali register for AMarkets LTD and license T2023284.
- Check whether the displayed license period covers the current date.
- Match the licensed website to the broker domain being used.
- Separate Cook Islands registration LLC14486/2023 from a financial-services license.
- Separate Saint Vincent company number 22567 BC 2015 from forex regulation.
A genuine register result should identify both the legal entity and authorization status. If the public record shows an expired date or no current status, the authorization should not be assumed active without further regulator confirmation.
Customer support
Customer support includes email, telephone, account chat, and Telegram support channels. The official support material lists support@amarkets.com, while the international information number shown on the contact page is +44 330 777 22 22. The Cook Islands contact page also lists a local Avarua address and telephone number.
Support availability is operational rather than regulatory evidence. Questions about account ownership, withdrawal verification, or the legal entity serving a client should be answered with the entity's full registered name. That name can then be matched against the relevant public register.
Where is the broker actually based?
The broker operates through several offshore registrations rather than one single national investment-firm entity. The company used for this review is AMarkets LLC in Avarua, Cook Islands. Its contact page gives T&F Chambers, Nikao, Avarua, Rarotonga, Cook Islands as the Cook Islands address.
AMarkets LTD also appears in Mwali, Comoros, and Saint Vincent and the Grenadines. These locations serve different legal-registration functions. The broker's own website states that the group operates through several companies under one brand, so users should identify which entity appears in their account agreement.
Broker features
The table below consolidates the operational details used throughout this review. Trading specifications come from the broker's current account and funding pages, while registration status follows the verification findings described above.
| Feature | AMarkets Information |
|---|---|
| Founded | 2007 |
| Headquarters | Avarua, Cook Islands |
| Disclosed regulators | MISA T2023284; Cook Islands LLC14486/2023; SVG 22567 BC 2015 |
| Registration verified | MISA T2023284 active until May 29, 2027 (checked September 29, 2026); Cook Islands and SVG are company registrations |
| Trading platforms | MT4, MT5, AMarkets App |
| Minimum deposit | 100 USD |
| Maximum leverage | 1:3000 |
| Account types | Standard, ECN, Zero, Islamic |
| Islamic account | Available |
| Customer support | Email, phone, account chat, Telegram |
| Deposit methods | Visa/Mastercard, Perfect Money, Volet, crypto, bank transfer |
Is AMarkets safe? Honest assessment
AMarkets combines an 18-year operating history with established MetaTrader infrastructure and clearly published trading conditions. Its Standard account starts at 100 USD, and its product schedule covers 44 forex pairs plus multiple CFD categories. Negative balance protection is disclosed for Standard, ECN, and Zero accounts.
The regulatory position is the limiting factor in this assessment. AMarkets' forex authorization is the offshore MISA license T2023284, listed as active until May 29, 2027, and no Tier-1 or Tier-2 license was identified. The Cook Islands and Saint Vincent records are company registrations rather than equivalent forex licenses.
The broker also advertises leverage up to 1:3000, with stop-out levels of 20% on Standard and 40% on ECN and Zero accounts. Those terms increase the importance of margin control because small market moves can consume account equity rapidly. The FXSharp methodology produced an overall score of 3.0/10.
Forex and derivative products carry high leverage; some or all invested capital may be lost. This content is for information only, not investment advice. Verify the broker's current regulation status with the relevant authority's official site before any investment decision.
