Compare FP Markets vs Amega
What is FP Markets? What is Amega ?
FP Markets is a global contract for differences (CFD) and online retail foreign exchange (Forex) broker established and regulated in Australia since 2005. It offers trading on over 10,000 instruments across Forex, stocks, indices, commodities, metals, bonds and futures.
Amega is a commission-free trading broker that offers trading on Forex, stocks, indices, commodities, metals and bonds. It is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadine.
FP Markets vs Amega Regulation Comparison
FP Markets is regulated by the Australian Securities and Investment Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the European Securities and Markets Authority (ESMA). These are reputable and strict regulators that ensure high standards of investor protection, transparency and security.
Amega is regulated by the FSA of Saint Vincent and the Grenadines. This is a less reputable and less strict regulator that does not impose stringent requirements on brokers such as capital adequacy, segregation of client funds, or compensation schemes.
FP Markets vs Amega Trading Assets Comparison
FP Markets offers trading on over 10,000 instruments across Forex, stocks, indices, commodities, metals, bonds and futures. It has access to leading global markets such as NASDAQ, Dow Jones, S&P 500, ASX 200, DAX 30 and more.
Amega offers trading on Forex, stocks, indices, commodities, metals and bonds. It does not specify the number of instruments or the markets it covers on its website.
FP Markets vs Amega Trading Fees Comparison
FP Markets charges competitive spreads and commissions depending on the account type and the trading platform chosen by the trader. It offers ECN pricing with spreads from 0.0 pips on major currency pairs such as EUR/USD, USD/JPY and GBP/USD. It also charges a commission of $3.50 per lot per side on some accounts.
Amega claims to offer zero-commission trading with ultra-low spreads from 0.1 pips on all instruments. However, it does not provide any details on how it calculates its spreads or whether it charges any other fees such as swap rates or inactivity fees.
FP Markets vs Amega Account Types Comparison
FP Markets offers four account types: Standard, Raw, Platinum and Premier. The minimum deposit for the Standard account is $100 AUD or equivalent. The Raw account has ECN pricing with a commission of $3.50 per lot per side. The Platinum account requires a minimum deposit of $25,000 AUD or equivalent and offers lower spreads and commissions than the Raw account. The Premier account requires a minimum deposit of $50,000 AUD or equivalent and offers the best spreads and commissions among all accounts.
Amega offers three account types: Premium MT5, Scalper MT5 and SwapFree MT5. The minimum deposit for all accounts is $1 USD or equivalent. The Premium MT5 account has zero commission and spreads from 0.5 pips. The Scalper MT5 account has zero commission and spreads from 0.1 pips but requires a minimum trade size of 0.01 lots. The SwapFree MT5 account has zero commission and spreads from 0.7 pips but does not charge any swap rates for overnight positions.
FP Markets vs Amega Deposit Options Comparison
FP Markets supports various deposit and withdrawal options such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller), online payment systems (PayPal) and cryptocurrencies (Bitcoin). It does not charge any fees for deposits or withdrawals but some third-party providers may apply their own fees.
Amega supports various deposit and withdrawal options such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller), online payment systems (Perfect Money) and cryptocurrencies (Bitcoin). It does not charge any fees for deposits or withdrawals but some third-party providers may apply their own fees.
FP Markets vs Amega Trading Platforms Comparison
FP Markets offers four trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS and WebTrader. MT4 and MT5 are popular and user-friendly platforms that support various trading tools, indicators, charts and automated trading. IRESS is a sophisticated platform that offers advanced features such as direct market access, depth of market, customisable layouts and alerts. WebTrader is a web-based platform that allows traders to access their accounts from any browser without downloading any software.
Amega offers only one trading platform: MT5. MT5 is a powerful and versatile platform that supports various trading tools, indicators, charts and automated trading. However, it does not offer any other platform options for traders who prefer different features or interfaces.
FP Markets vs Amega Analytical Tools Comparison
FP Markets provides various analytical tools for traders such as market news, economic calendar, trading signals, technical analysis, webinars, ebooks and videos. It also offers a personal account manager for each trader who can provide support and guidance.
Amega does not provide any analytical tools for traders on its website. It only offers a basic FAQ section and a live chat option for customer support. It does not offer any personal account manager or educational resources for traders.
FP Markets vs Amega . Which forex broker is better? Which forex broker should you choose?
FP Markets seems to be a better forex broker than Amega in terms of regulations, trading assets, trading fees, account types, trading platforms and analytical tools. FP Markets is regulated by reputable and rigorous agencies, offers a wider range of instruments and markets, charges competitive spreads and commissions, offers different account platforms and options, and offers a wide range of analytical tools and resources to traders. Amega is regulated by a less reputable and less rigorous agency, offers a limited number of tools and markets, does not provide any details on spreads or fees, offers only one platform option, and does not provide any analytical tools or resources to traders. However, choosing a forex broker depends on your personal preferences, trading style, goals and risk appetite. You should do your own research and due diligence before opening an account with any broker. You should also consider factors such as customer service, security, reputation, and user reviews.
