Compare Admiral Markets vs Amega
What is Admiral Markets? What is Amega?
Admiral Markets is a trading platform for forex, contracts for difference (CFDs) and foreign exchange transactions across various financial markets. Established in 2001 by Alexander Tsikhilov, it is listed on the Nasdaq Nordic stock exchange. It offers trading on MetaTrader software, with competitive spreads, leverage up to 1:500, and commission-free trading on some instruments.
Amega is a trading platform for forex and CFDs on indices, commodities, cryptocurrencies, stocks and ETFs. It was launched in 2019 and claims to offer zero-commission trading, instant cashback, ultra-low spreads and leverage up to 1:1000. It also offers trading on MetaTrader software, as well as a web-based platform.
Admiral Markets vs Amega Regulation Comparison
Admiral Markets is regulated by the world’s top regulators, such as the Financial Conduct Authority (FCA) in the UK, the Estonian Financial Supervision Authority (EFSA), the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC).
Amega is regulated by the Financial Services Authority of Saint Vincent and the Grenadines (FSA SVG), which is a less reputable regulator that does not offer much protection or oversight to traders.
Admiral Markets vs Amega Trading Assets Comparison
Admiral Markets offers more than 8,000 trading instruments, including 80 forex pairs, 43 indices, 3000+ share CFDs, hundreds of ETFs, CFDs on metals, energies, agriculture commodities, US Treasuries, Germany Bunds and cryptocurrencies.
Amega offers more than 100 trading instruments, including forex pairs, stocks, commodities, precious metals and energy.
Admiral Markets vs Amega Trading Fees Comparison
Admiral Markets charges no commission on most of its instruments, except for some stock CFDs and ETFs. It also offers competitive spreads starting from 0.6 pips on EURUSD and charges no deposit or withdrawal fees.
Amega charges no commission on any of its instruments and offers ultra-low spreads starting from 0.1 pips on EURUSD. It also offers instant cashback of up to $13 per lot on each trade and charges no deposit or withdrawal fees.
Admiral Markets vs Amega Account Types Comparison
Admiral Markets offers four main account types: Trade.MT4, Trade.MT5, Zero.MT4 and Zero.MT5.
- The Trade accounts offer commission-free trading on most instruments with variable spreads, while the Zero accounts offer commission-based trading on forex and metals with tight spreads.
- The minimum deposit for all accounts is $100 or equivalent.
Amega offers three main account types: Premium MT5, Scalper MT5 and SwapFree MT5.
- The Premium account offers commission-free trading on all instruments with variable spreads, while the Scalper account offers commission-based trading on all instruments with tight spreads.
- The SwapFree account offers commission-free trading on all instruments with variable spreads and no swap charges for Islamic traders.
- The minimum deposit for all accounts is $1 or equivalent.
Admiral Markets vs Amega Deposit Options Comparison
Admiral Markets offers various deposit and withdrawal options, such as bank transfer, credit/debit card, Skrill, Neteller, PayPal and more. The processing time varies depending on the method, but it usually takes up to one business day for deposits and up to three business days for withdrawals.
Amega offers more than 200 deposit and withdrawal options, such as bank transfer, credit/debit card, Skrill, Neteller, Bitcoin and more. The processing time is instant for most methods, except for bank transfer which may take up to five business days.
Admiral Markets vs Amega Trading Platforms Comparison
Admiral Markets supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for PC/Mac and mobile devices. It also offers a web trader platform that can be accessed from any browser without downloading any software.
Amega supports only MetaTrader 5 (MT5) platform for PC/Mac and mobile devices. It does not offer a web trader platform.
Admiral Markets vs Amega Analytical Tools Comparison
Admiral Markets provides various analytical tools to enhance the trading experience, such as free real-time charts, market news and research, trading signals, economic calendar, trading calculator and more. It also offers exclusive features such as the MetaTrader Supreme Edition plugin, which adds advanced indicators, expert advisors, trading simulators and more to the MT4 and MT5 platforms.
Amega does not provide any analytical tools on its website or platform, except for the basic ones that are built-in to the MT5 platform, such as charts, indicators, expert advisors and more.
Admiral Markets vs Amega. Which forex broker is better? Which forex broker should you choose?
Choosing a broker it depends on your personal preferences, trading goals, risk appetite and other factors. Both brokers have their pros and cons, and you should weigh them carefully before making a decision. You may also want to consider other factors, such as customer service, reputation, reviews, awards, and more.
Ultimately, the best broker for you is the one that meets your needs and expectations. I recommend you try their demo account first to get a feel for their platform and services.
