Compare AMarkets vs SimpleFX
What is AMarkets? What is SimpleFX ?
AMarkets is a forex and CFD broker that offers over 250 trading instruments, including currency pairs, metals, indices, commodities, stocks, bonds, and cryptocurrencies.
SimpleFX is a forex and CFD broker that offers over 200 trading instruments, including currency pairs, metals, indices, commodities, stocks, and cryptocurrencies.
AMarkets vs SimpleFX Regulation Comparison
AMarkets is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines and the Financial Commission (FinaCom). SimpleFX is not regulated by any authority, but it claims to follow the rules and regulations of the European Union and the United Kingdom.
AMarkets vs SimpleFX Trading Assets Comparison
AMarkets and SimpleFX both offer a wide range of trading assets, but AMarkets has more variety and diversity in its portfolio. AMarkets offers 50 currency pairs, 11 metals, 15 indices, 7 commodities, 176 stocks, 5 bonds, and 18 cryptocurrencies. SimpleFX offers 60 currency pairs, 4 metals, 15 indices, 4 commodities, 120 stocks, and 10 cryptocurrencies.
AMarkets vs SimpleFX Trading Fees Comparison
AMarkets and SimpleFX both have competitive trading fees, but they differ in their pricing models and spreads. AMarkets offers two types of accounts: Standard and ECN. The Standard account has no commission but wider spreads, while the ECN account has lower spreads but a commission of $2.5 per lot per side. SimpleFX offers only one type of account with variable spreads and no commission. The average spread for EUR/USD is 1.2 pips for AMarkets Standard account, 0.3 pips for AMarkets ECN account, and 0.9 pips for SimpleFX account.
AMarkets vs SimpleFX Account Types Comparison
AMarkets and SimpleFX both have simple and easy account opening processes, but they have different minimum deposit requirements and leverage options. AMarkets requires a minimum deposit of $100 for both Standard and ECN accounts, while SimpleFX has no minimum deposit requirement. AMarkets offers a maximum leverage of 1:1000 for Standard account and 1:200 for ECN account, while SimpleFX offers a maximum leverage of 1:500 for all accounts.
AMarkets vs SimpleFX Deposit Options Comparison
AMarkets and SimpleFX both support various deposit and withdrawal methods, but they have different fees and processing times. AMarkets accepts bank transfers, credit/debit cards, e-wallets (such as Skrill, Neteller, WebMoney), and cryptocurrencies (such as Bitcoin, Ethereum).
SimpleFX accepts bank transfers, credit/debit cards (via Skrill), e-wallets (such as Skrill, Neteller), and cryptocurrencies (such as Bitcoin, Ethereum). AMarkets does not charge any deposit or withdrawal fees, except for bank transfers which incur a $30 fee. SimpleFX does not charge any deposit fees, but it charges a withdrawal fee of 0.5% for e-wallets and cryptocurrencies. AMarkets processes deposits and withdrawals within one business day, while SimpleFX processes them within one hour.
AMarkets vs SimpleFX Trading Platforms Comparison
AMarkets and SimpleFX both provide access to the popular MetaTrader 4 (MT4) trading platform, which is compatible with Windows, Mac OS X, Linux, Android, iOS devices. MT4 offers advanced. In addition to MT4, AMarkets also offers its own web-based platform called xStation, which is accessible from any browser and device. xStation has a user-friendly interface, fast execution speed, advanced charting tools, market sentiment analysis, trading calculator, and social trading features.
SimpleFX also offers its own web-based platform called SimpleFX WebTrader, which is designed for easy and intuitive trading. SimpleFX WebTrader has a customizable layout, one-click trading, advanced charting tools, market news feed, and social trading features. Both AMarkets and SimpleFX also have mobile apps for Android and iOS devices that allow traders to access their accounts and trade on the go.
AMarkets vs SimpleFX Analytical Tools Comparison
AMarkets and SimpleFX both provide various analytical tools and resources to help traders make informed decisions and improve their trading skills. AMarkets offers market analysis, economic calendar, trading signals, webinars, seminars, articles, videos, and ebooks. SimpleFX offers market analysis, economic calendar, trading ideas, webinars, articles, videos, and ebooks. Both brokers also have a blog and a social media presence where they share market updates, news, tips, and promotions.
AMarkets vs SimpleFX . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals and risk appetite. Both AMarkets and SimpleFX have their own advantages and disadvantages and they cater to different types of traders. You should carefully weigh the pros and cons of each broker and decide which broker best suits your needs and expectations. You can also try a demo account or a real account with a small amount of money to test their service and performance before making your final decision.
