Compare Amega vs AvaTrade
What is Amega? What is AvaTrade?
Amega is a forex broker that was established in 2018 and is regulated by the Financial Services Commission (FSC) of Mauritius and the Financial Services Authority (FSA) of St. Vincent and the Grenadines. Amega offers trading with various assets, such as forex, metals, crypto, and CFDs, on the MetaTrader 4 and MetaTrader 5 platforms.
AvaTrade is a forex broker that was founded in 2006 and is regulated by multiple authorities, such as the Central Bank of Ireland, the Australian Securities and Investments Commission (ASIC), the Financial Services Agency (FSA) of Japan, and the Financial Sector Conduct Authority (FSCA) of South Africa. AvaTrade provides trading with a wide range of instruments, such as forex, stocks, futures, indices, commodities, bonds, spread betting, crypto, and CFDs, on various platforms, such as MetaTrader 4, MetaTrader 5, AvaOption, and AvaTradeGO.
Amega vs AvaTrade Regulation Comparison
Amega is regulated by two entities: the FSC of Mauritius and the FSA of St. Vincent and the Grenadines. The FSC of Mauritius is a reputable regulator that oversees the non-banking financial sector in the country and ensures compliance with international standards. The FSA of St. Vincent and the Grenadines is a less strict regulator that does not impose any capital adequacy or segregation requirements on its licensed brokers.
AvaTrade is regulated by nine entities: the Central Bank of Ireland, ASIC, the FSA of Japan, the FSCA of South Africa, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi, the Israel Securities Authority (ISA), the British Virgin Islands Financial Services Commission (BVIFSC), the Cyprus Securities and Exchange Commission (CySEC), and the Polish Financial Supervision Authority (KNF). These regulators are among the most respected and stringent in the world and they impose various rules and protections on their regulated brokers, such as minimum capital requirements, client fund segregation, negative balance protection, compensation schemes, and regular audits.
Amega vs AvaTrade Trading Assets Comparison
Amega offers trading with four types of assets: forex, metals, crypto, and CFDs. AvaTrade offers trading with 12 types of assets: forex, stocks, futures, indices, agriculture, metals, energies, bonds, spread betting, crypto, CFDs.
Amega vs AvaTrade Trading Fees Comparison
Amega charges a commission fee of $2 per lot for forex trading on its Premium account type. Other account types do not charge any commission fees but have higher spreads instead. Amega does not charge any deposit or withdrawal fees but some payment methods may incur charges by third parties. Amega also does not charge any inactivity fees or maintenance fees.
AvaTrade does not charge any commission fees for any of its trading instruments but only charges the spread as the main trading cost. AvaTrade charges a deposit fee of up to 1.5% for some payment methods, such as credit cards and e-wallets. AvaTrade also charges a withdrawal fee of $25 for wire transfers and $5 for other methods. AvaTrade charges an inactivity fee of $50 per quarter after three months of no trading activity and a maintenance fee of $100 per year after one year of no trading activity.
Amega vs AvaTrade Account Types Comparison
Amega offers six account types: Mini, Standard, Premium, Scalper, SwapFree, and PAMM. The minimum deposit for all account types is $1 except for the PAMM account which requires $100. The maximum leverage for all account types is 1:1000 except for the PAMM account which has a leverage of 1:200. The Mini account has a fixed spread of 3 pips for forex trading and does not allow scalping or hedging. The Standard account has a fixed spread of 1.5 pips for forex trading and allows scalping and hedging. The Premium account has a fixed spread of 0.5 pips for forex trading and charges a commission fee of $2 per lot. The Scalper account has a fixed spread of 0.1 pips for forex trading and charges a commission fee of $6 per lot. The SwapFree account is an Islamic account that does not charge any swap fees but has higher spreads than the Standard account. The PAMM account is a managed account that allows investors to copy the trades of professional traders for a performance fee.
AvaTrade offers four account types: Retail, Professional, Options, and Spread Betting. The minimum deposit for all account types is $100 except for the Options account which requires $1000. The maximum leverage for the Retail account is 1:30 for forex trading and varies for other instruments according to the ESMA regulations. The maximum leverage for the Professional account is 1:400 for forex trading and varies for other instruments according to the AvaTrade policy. The Options account is a dedicated account for trading vanilla options on the AvaOption platform with fixed spreads starting from 0.9 pips. The Spread Betting account is available for UK and Ireland clients only and allows them to trade over 200 instruments on the MetaTrader 4 platform with fixed spreads starting from 0.9 pips.
Amega vs AvaTrade Deposit Options Comparison
Amega offers over 200 deposit and withdrawal options, including wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, Bitcoin, Ethereum, Litecoin, and many more. The processing time for deposits is instant for most methods except for wire transfer which may take up to five business days. The processing time for withdrawals is within one hour for most methods except for wire transfer which may take up to five business days. The minimum amount for deposits and withdrawals is $1 for most methods except for wire transfer which requires $100.
AvaTrade offers six deposit and withdrawal options, including wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, and UnionPay. The processing time for deposits is instant for most methods except for wire transfer which may take up to seven business days. The processing time for withdrawals is up to two business days after verification for most methods except for wire transfer which may take up to 10 business days. The minimum amount for deposits is $100 for most methods except for wire transfer which requires $500. The minimum amount for withdrawals is $50 for most methods except for wire transfer which requires $100.
Amega vs AvaTrade Trading Platforms Comparison
Amega offers two trading platforms: MetaTrader 4 and MetaTrader 5. MetaTrader 4 is the most popular trading platform in the world that offers advanced charting tools, technical indicators, automated trading systems, and customizable features. MetaTrader 5 is the newer version of MetaTrader 4 that offers more instruments, more order types, more analytical tools, more execution modes, and more features than its predecessor.
AvaTrade offers four trading platforms: MetaTrader 4, MetaTrader 5, AvaOption, and AvaTradeGO.
Amega vs AvaTrade Analytical Tools Comparison
- Amega:
- Amega offers two trading platforms: MetaTrader 4 and MetaTrader 5. These platforms provide advanced charting tools, technical indicators, automated trading systems, and customizable features for traders to analyze the market trends and patterns.
- Amega also offers a PAMM account, which is a managed account that allows investors to copy the trades of professional traders for a performance fee. This can be a useful tool for beginners who want to learn from experienced traders or for busy traders who want to delegate their trading decisions.
- Amega does not offer any other analytical tools or educational materials for its clients. It does not provide any market news, analysis, signals, or webinars.
- AvaTrade:
- AvaTrade offers four trading platforms: MetaTrader 4, MetaTrader 5, AvaOption, and AvaTradeGO. These platforms offer various analytical tools and features for traders to access different markets and instruments.
- AvaTrade also offers AvaProtect, which is a risk management tool that allows traders to protect their trades from losses for a small fee. This can be a useful tool for traders who want to trade with confidence and peace of mind.
- AvaTrade provides various educational and research materials for its clients, such as webinars, videos, articles, ebooks, market analysis, economic calendar, and trading signals. These materials can help traders improve their knowledge and skills in trading and stay updated with the market trends and events.
- AvaTrade also partners with Trading Central, which is a leading provider of technical analysis and market insights. Trading Central offers various tools and indicators for traders to enhance their trading strategies and performance.
Amega vs AvaTrade. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading experience and results. There are many factors to consider when comparing different brokers, such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, and analytical tools. You may also want to check the reviews and ratings of other traders who have used the brokers before.
To help you compare Amega and AvaTrade, here are some of their main advantages and disadvantages:
- Amega’s advantages:
- Amega offers more trading instruments, such as forex, metals, crypto, and CFDs, on the MetaTrader 4 and MetaTrader 5 platforms.
- Amega offers higher leverage of up to 1:1000 for most account types.
- Amega offers lower spreads starting from 0.5 pips for forex trading on its Premium account type.
- Amega offers more deposit and withdrawal options, including over 200 payment methods.
- Amega does not charge any deposit or withdrawal fees but some payment methods may incur charges by third parties.
- Amega does not charge any inactivity fees or maintenance fees.
- Amega’s disadvantages:
- Amega is less regulated than AvaTrade and does not offer the same level of protection or recourse for its clients.
- Amega charges a commission fee of $2 per lot for forex trading on its Premium account type.
- Amega does not offer negative balance protection for its clients.
- Amega does not offer any educational or research materials for its clients.
- AvaTrade’s advantages:
- AvaTrade is more regulated than Amega and offers more security and reliability for its clients.
- AvaTrade offers a wider range of trading instruments, such as forex, stocks, futures, indices, commodities, bonds, spread betting, crypto, and CFDs, on various platforms, such as MetaTrader 4, MetaTrader 5, AvaOption, and AvaTradeGO.
- AvaTrade offers negative balance protection for its clients.
- AvaTrade offers various educational and research materials for its clients, such as webinars, videos, articles, ebooks, market analysis, economic calendar, and trading signals.
- AvaTrade’s disadvantages:
- AvaTrade offers lower leverage of up to 1:30 for forex trading on its Retail account type according to the ESMA regulations.
- AvaTrade offers higher spreads starting from 0.9 pips for forex trading on its Retail account type.
- AvaTrade charges deposit fees of up to 1.5% for some payment methods.
- AvaTrade charges withdrawal fees of $25 for wire transfers and $5 for other methods.
- AvaTrade charges inactivity fees of $50 per quarter after three months of no trading activity and maintenance fees of $100 per year after one year of no trading activity.
As you can see, there is no clear answer to which broker is better or which one you should choose. It depends on your personal preferences, trading goals, risk appetite, budget, and experience level. You may want to try out both brokers with their demo accounts or minimum deposits before making a final decision. You may also want to consult with a professional financial advisor before investing your money in any broker.
