Compare AMarkets vs Amega
What is AMarkets? What is Amega ?
AMarkets is a forex and CFD broker that offers trading on various instruments, such as currency pairs, commodities, indices, stocks and cryptocurrencies. AMarkets was founded in 2007 and is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines.
Amega is also a forex and CFD broker that provides trading on similar instruments as AMarkets. Amega was established in 2017 and is regulated by the Financial Services Commission (FSC) of Mauritius and the FSA of Saint Vincent and the Grenadines.
AMarkets vs Amega Regulation Comparison
Both brokers are regulated by the FSA of Saint Vincent and the Grenadines, which is a low-tier jurisdiction that does not offer much protection or oversight to traders. However, Amega has an additional license from the FSC of Mauritius, which is a more reputable regulator that requires brokers to adhere to certain standards, such as maintaining adequate capital, segregating client funds, submitting regular reports and participating in a compensation scheme.
AMarkets vs Amega Trading Assets Comparison
Both brokers offer a wide range of trading assets, including forex, commodities, indices, CFDs on stocks and cryptocurrencies. However, AMarkets has a slightly larger selection of instruments, with over 1000 available, compared to Amega’s 800+. AMarkets also offers more currency pairs (over 50) than Amega (over 40).
AMarkets vs Amega Trading Fees Comparison
Both brokers charge variable spreads and commissions on their trading accounts, depending on the account type and platform chosen. AMarkets has four account types: Standard, Fixed, ECN and Crypto. Amega has three account types: Premium MT5, SwapFree MT5 and ECN MT5. The spreads and commissions vary widely among these accounts, so it is advisable to compare them carefully before choosing one. In general, AMarkets has lower spreads than Amega on its Standard and Fixed accounts, but higher spreads on its ECN and Crypto accounts. AMarkets also charges higher commissions than Amega on its ECN account.
AMarkets vs Amega Account Types Comparison
AMarkets has four account types and Amega has three account types. The main differences between them are the minimum deposit, the leverage, the platform and the trading fees. Here is a brief overview of each account type:
- Standard (AMarkets): Minimum deposit of $100, leverage up to 1:1000, MetaTrader 4 platform, variable spreads from 0.3 pips, no commissions.
- Fixed (AMarkets): Minimum deposit of $100, leverage up to 1:1000, MetaTrader 4 platform, fixed spreads from 3 pips, no commissions.
- ECN (AMarkets): Minimum deposit of $200, leverage up to 1:200, MetaTrader 4 or MetaTrader 5 platform, variable spreads from 0 pips, commissions from $2.5 per lot per side.
- Crypto (AMarkets): Minimum deposit of $1000, leverage up to 1:10, MetaTrader 4 platform, variable spreads from 15 pips, commissions from $15 per lot per side.
- Premium MT5 (Amega): Minimum deposit of $1000, leverage up to 1:1000, MetaTrader 5 platform, variable spreads from 0.5 pips, commissions from $3 per lot per side.
- SwapFree MT5 (Amega): Minimum deposit of $1000, leverage up to 1:1000, MetaTrader 5 platform, variable spreads from 0.5 pips, commissions from $3 per lot per side, no swap charges.
- ECN MT5 (Amega): Minimum deposit of $10, leverage up to 1:1000, MetaTrader 5 platform, variable spreads from 0 pips, commissions from $1 per lot per side.
AMarkets vs Amega Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options for their clients. These include bank wire transfer, credit/debit cards, e-wallets, cryptocurrencies and local payment methods. However, AMarkets has a wider range of options than Amega, with over 200 available, compared to Amega’s 100+. Both brokers claim to process withdrawals within 24 hours, but the actual time may vary depending on the method and the bank involved.
AMarkets vs Amega Trading Platforms Comparison
Both brokers offer the popular MetaTrader 4 and MetaTrader 5 platforms for their clients. These platforms are widely used and trusted by traders around the world, as they offer advanced charting, technical analysis, automated trading, custom indicators and more. However, AMarkets also offers its own web-based platform called xStation, which is designed to be user-friendly, fast and intuitive. xStation has some features that are not available on MetaTrader, such as market sentiment, trading calculator, economic calendar and more.
AMarkets vs Amega Analytical Tools Comparison
Both brokers provide their clients with various analytical tools to help them make informed trading decisions. These include market news, economic calendar, trading signals, webinars, educational materials and more. However, AMarkets has a more comprehensive and diverse range of tools than Amega, such as market reviews, trading ideas, technical analysis, fundamental analysis, copy trading and more.
AMarkets vs Amega . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, risk appetite and other factors. However, you can see that AMarkets and Amega have some advantages and disadvantages over each other. For example, AMarkets has more trading assets, lower spreads on some accounts, more deposit and withdrawal options, web-based platform and more analytical tools than Amega. On the other hand, Amega has an additional stipulation, lower commissions on some accounts, no swap fees on one account and a lower minimum deposit on ECN accounts compared to AMarkets.
In the end, you should weigh these pros and cons carefully and decide which broker suits your needs better. You can also try out their demo account to test their platform and services before making your final decision.
