Compare Amega vs Forex.com
What is Amega? What is Forex.com?
Amega is an online 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. It offers trading on over 50 currency pairs, as well as CFDs on metals, cryptocurrencies, and indices.
Forex.com is an online broker that was founded in 1999 and is regulated by several authorities, including the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the US, the Financial Conduct Authority (FCA) in the UK, and the Investment Industry Regulatory Organization of Canada (IIROC) in Canada. It offers trading on over 80 currency pairs, as well as CFDs on stocks, indices, commodities, metals, and cryptocurrencies.
Amega vs Forex.com Regulation Comparison
Both brokers are regulated by reputable authorities, but Forex.com has more licenses and operates in more jurisdictions than Amega. Forex.com is also a member of the Financial Services Compensation Scheme (FSCS) in the UK, which protects clients’ funds up to £85,000 in case of insolvency. Amega does not offer such protection to its clients.
Amega vs Forex.com Trading Assets Comparison
Both brokers offer a wide range of trading assets, but Forex.com has more products and markets than Amega. Forex.com offers CFDs on stocks, commodities, futures, options, ETFs, and bonds, while Amega does not. Forex.com also has more currency pairs and indices than Amega.
Amega vs Forex.com Trading Fees Comparison
Both brokers charge variable spreads and commissions on their trades, but the fees may vary depending on the account type, trading platform, and market conditions. Amega’s average spread for EUR/USD is 0.8 pips with a commission of $2 per lot, while Forex.com’s average spread for EUR/USD is 0.9 pips with no commission. However, these figures may not reflect the actual costs that traders incur when trading with these brokers.
Amega vs Forex.com Account Types Comparison
Both brokers offer different types of accounts to suit different trading styles and preferences. Amega has four account types: Mini, Standard, Premium, and Swap-Free. The minimum deposit for these accounts ranges from $1 to $1000, and the maximum leverage from 1:10 to 1:1000. Amega also offers a PAMM service for investors and money managers.
Forex.com has three account types: Standard, Commission, and Direct Market Access (DMA). The minimum deposit for these accounts is $250 for US clients and £100 for UK clients. The maximum leverage is 1:200 for non-US clients and 1:50 for US clients. Forex.com also offers an Active Trader program for high-volume traders who can benefit from lower spreads, cash rebates, and dedicated support.
Amega vs Forex.com Deposit Options Comparison
Both brokers offer various methods for depositing and withdrawing funds from their accounts. Amega accepts wire transfers, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. The processing time and fees may vary depending on the method chosen.
Forex.com accepts wire transfers, credit/debit cards, PayPal (for non-US clients only), Skrill (for UK clients only), SOFORT (for EU clients only), BACS (for UK clients only), SEPA (for EU clients only), EFT (for Canadian clients only), ACH (for US clients only), and check (for US clients only). The processing time and fees may also vary depending on the method chosen.
Amega vs Forex.com Trading Platforms Comparison
Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as their main trading platforms. These platforms are popular among traders for their user-friendly interface, advanced charting tools, technical indicators, automated trading systems (Expert Advisors), and market news. However, Amega offers MT4 and MT5 for both desktop and mobile devices, while Forex.com offers MT4 for desktop only and MT5 for mobile only.
In addition to MT4 and MT5, Forex.com also offers its own proprietary platforms: DealBook 360 (for desktop), FOREXTrader PRO (for web), and Forex.com Website Trading (for web). These platforms are designed to provide traders with fast execution, customizable layouts, integrated trading tools, and market analysis.
Amega vs Forex.com Analytical Tools Comparison
Both brokers provide their clients with various analytical tools to help them with their trading decisions. Amega offers an economic calendar, a market news feed, a trading calculator, and a trading signals service.
Forex.com offers an economic calendar, a market news feed, a trading calculator, a performance analytics tool, a sentiment analysis tool, and a smart signals service.
Amega vs Forex.com. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their trading style, preferences, goals, and risk appetite. However, here are some possible factors that you may want to consider when choosing between Amega and Forex.com:
- Regulation and security: If you value the safety and protection of your funds and personal information, you may prefer Forex.com over Amega, as Forex.com is regulated by more authorities and operates in more jurisdictions than Amega. Forex.com also offers compensation schemes for its UK clients in case of insolvency, while Amega does not.
- Trading assets and markets: If you want to diversify your portfolio and access more products and markets, you may prefer Forex.com over Amega, as Forex.com offers more trading assets and markets than Amega. Forex.com offers CFDs on stocks, commodities, futures, options, ETFs, and bonds, while Amega does not. Forex.com also has more currency pairs and indices than Amega.
- Trading fees and costs: If you want to minimize your trading costs and maximize your profits, you may want to compare the trading fees and costs of both brokers carefully. Both brokers charge variable spreads and commissions on their trades, but the fees may vary depending on the account type, trading platform, and market conditions. You may want to check their websites for the latest spreads and commissions for the instruments you want to trade.
- Account types and features: If you want to choose an account type that suits your trading style and preferences, you may want to compare the account types and features of both brokers. Both brokers offer different types of accounts with different minimum deposits, maximum leverages, trading platforms, and services. You may want to check their websites for the details of each account type and see which one meets your needs.
- Deposit and withdrawal options: If you want to deposit and withdraw funds from your account easily and conveniently, you may want to compare the deposit and withdrawal options of both brokers. Both brokers offer various methods for depositing and withdrawing funds from their accounts, but the methods may differ depending on your location. You may want to check their websites for the available methods for your country and see which one is more convenient for you.
- Trading platforms and tools: If you want to trade with a user-friendly and reliable trading platform that offers advanced trading tools and features, you may want to compare the trading platforms and tools of both brokers. Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as their main trading platforms, but they also offer their own proprietary platforms with different functionalities. You may want to try out their demo accounts or watch their video tutorials to see which platform suits your trading style.
- Analytical tools and resources: If you want to enhance your trading skills and knowledge with analytical tools and resources, you may want to compare the analytical tools and resources of both brokers. Both brokers provide their clients with various analytical tools such as economic calendars, market news feeds, trading calculators, sentiment analysis tools, performance analytics tools, smart signals services, etc. You may want to check their websites for the details of each tool and see how they can help you with your trading decisions.
