Compare Amega vs FXTM
What is Amega? What is FXTM?
Amega is an online forex broker that was established in 2018 and is regulated by the Financial Services Commission (FSC) of Mauritius. Amega offers trading on various instruments, such as forex, CFDs, metals, and cryptocurrencies, with low spreads, high leverage, and no commission fees. Amega also provides various account types, payment methods, and trading platforms, including MetaTrader 4 and MetaTrader 5.
FXTM is an online forex broker that was established in 2011 and is regulated by several authorities, such as the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) of the UK, the Financial Sector Conduct Authority (FSCA) of South Africa, and the Capital Markets Authority (CMA) of Kenya. FXTM offers trading on hundreds of instruments, such as forex, CFDs, stocks, indices, commodities, metals, energies, and cryptocurrencies, with competitive spreads, low commissions, and fast execution. FXTM also provides various account types, payment methods, and trading platforms, including MetaTrader 4 and MetaTrader 5.
Amega vs FXTM Regulation Comparison
Amega is regulated by the FSC of Mauritius, which is a reputable regulator that ensures the safety and security of clients’ funds and personal data. Amega also complies with the Anti-Money Laundering (AML) and Know Your Customer (KYC) policies to prevent fraud and identity theft.
FXTM is regulated by multiple authorities in different jurisdictions, which means that it has to adhere to strict rules and standards regarding the protection of clients’ funds and personal data. FXTM also follows the AML and KYC policies to prevent fraud and identity theft. Moreover, FXTM is a member of the Investor Compensation Fund (ICF) in Cyprus and the Financial Services Compensation Scheme (FSCS) in the UK, which provide compensation to eligible clients in case of insolvency or default.
Amega vs FXTM Trading Assets Comparison
Amega offers trading on more than 100 instruments across various asset classes, such as forex, CFDs, metals, and cryptocurrencies. Amega has a wide range of currency pairs, including major, minor, exotic, and cross pairs. Amega also has a variety of CFDs on metals (gold, silver, platinum), cryptocurrencies (Bitcoin, Ethereum, Litecoin), and indices (Dow Jones, NASDAQ).
FXTM offers trading on more than 250 instruments across various asset classes, such as forex, CFDs, stocks, indices, commodities, metals, energies, and cryptocurrencies. FXTM has a wider range of currency pairs than Amega, including major, minor, exotic, cross pairs. FXTM also has a larger variety of CFDs on stocks (Amazon, Apple), indices (DAX30), commodities (oil), metals (gold), energies (natural gas), futures (VIX), and cryptocurrencies (Bitcoin).
Amega vs FXTM Trading Fees Comparison
Amega does not charge any commission fees on its trading accounts. However, it does charge spreads that vary depending on the account type and market conditions. The average spread for EUR/USD on Amega’s Standard account is 1.3 pips.
FXTM charges commission fees on some of its trading accounts. However, it also offers accounts with zero commissions but higher spreads. The average spread for EUR/USD on FXTM’s Standard account is 1.9 pips.
Amega vs FXTM Account Types Comparison
Amega offers six types of trading accounts: Standard ($1 minimum deposit), Premium ($100 minimum deposit), Scalper ($100 minimum deposit), SwapFree ($1 minimum deposit), Mini ($0 minimum deposit), and ECN ($10 minimum deposit). Each account has different features and benefits depending on the trading style and preferences of the client.
FXTM offers four types of trading accounts: Standard ($10 minimum deposit), Cent ($10 minimum deposit), ECN ($500 minimum deposit), and ECN Zero ($200 minimum deposit). Each account has different features and benefits depending on the trading style and preferences of the client.
Amega vs FXTM Deposit Options Comparison
Amega offers a wide range of payment methods for deposits and withdrawals: wire transfer; credit/debit cards; e-wallets such as Skrill and Neteller; cryptocurrencies such as Bitcoin; local bank transfers; mobile payments; prepaid cards; vouchers; etc. Amega does not charge any fees for deposits or withdrawals.
FXTM offers a variety of payment methods for deposits and withdrawals: wire transfer; credit/debit cards; e-wallets such as Skrill; Neteller, WebMoney, and YooMoney; cryptocurrencies such as Bitcoin; local bank transfers; mobile payments; etc. FXTM does not charge any fees for deposits, but it does charge fees for some withdrawal methods
Amega vs FXTM Trading Platforms Comparison
Amega offers two types of trading platforms: MetaTrader 4 and MetaTrader 5. Both platforms are popular and widely used by traders around the world. They offer advanced trading tools, such as charts, indicators, expert advisors, scripts, etc. They also support multiple languages, order types, and execution modes. They are available for desktop, web, and mobile devices.
FXTM offers the same trading platforms as Amega: MetaTrader 4 and MetaTrader 5. However, FXTM also offers additional features and services on its platforms, such as FXTM Trader (a mobile app), FXTM Invest (a copy trading program), FXTM Pivot Points Strategy (a technical analysis tool), etc.
Amega vs FXTM Analytical Tools Comparison
Amega provides some analytical tools for its clients, such as economic calendar, market news, market analysis, etc. However, these tools are not very comprehensive or updated regularly. Amega also does not offer any educational resources or customer support for its clients.
FXTM provides a lot of analytical tools for its clients, such as economic calendar, market news, market analysis, trading signals, webinars, seminars, ebooks, videos, articles, etc. These tools are very comprehensive and updated regularly. FXTM also offers a lot of educational resources and customer support for its clients.
Amega vs FXTM. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a very important decision that depends on your personal preferences, trading style, and goals. There is no definitive answer to which forex broker is better, as each one has its own advantages and disadvantages. However, here are some points you may want to consider:
- If you are looking for a broker that is regulated by multiple authorities in different jurisdictions, offers a wider range of trading instruments and features, and provides more analytical tools and educational resources, then FXTM may be a better choice for you.
- If you are looking for a broker that does not charge any commission fees or fees for deposits or withdrawals, offers low spreads and high leverage, and supports various payment methods and cryptocurrencies, then Amega may be a better choice for you.
Ultimately, the best way to decide which forex broker suits you best is to try them out yourself. You can open a demo account with both brokers and test their trading platforms, conditions, and services.
