Compare MTrading vs Amega
What is MTrading? What is Amega?
MTrading is a global online broker that provides trading services on forex, stocks, indices, commodities, and cryptocurrencies. MTrading was founded in 2009 and is regulated by the International Financial Services Commission (IFSC) of Belize. MTrading offers both the MetaTrader 4 and MetaTrader 5 platforms, as well as a range of account types, payment methods, and educational resources.
Amega is an offshore online broker that offers trading services on forex, stocks, indices, commodities, and cryptocurrencies. Amega was established in 2017 and is registered in the Marshall Islands. Amega only offers the MetaTrader 5 platform, but has a zero-commission pricing structure, high leverage up to 1:1000, and flexible payment options including cryptocurrencies.
MTrading vs Amega Regulation Comparison
MTrading is regulated by the IFSC of Belize, which is a reputable financial authority that oversees the activities of financial service providers in the country. The IFSC requires brokers to adhere to certain standards of conduct, such as maintaining adequate capital, segregating client funds, and submitting regular reports. MTrading also participates in the Financial Commission’s compensation fund, which provides up to €20,000 of protection per client in case of broker insolvency.
Amega is not regulated by any trusted financial authority, which means that it operates under less strict rules and regulations. This poses a higher risk for traders who may not have any legal recourse or protection in case of disputes or issues with the broker. Amega does not provide any information about how it handles client funds or whether it has any compensation scheme in place.
MTrading vs Amega Trading Assets Comparison
MTrading offers over 1000 instruments for CFD trading, including 50+ forex pairs, 25+ global stocks, 8 indices, 10 commodities, and 5 cryptocurrencies. MTrading also offers access to precious metals and energies with leverage up to 1:200.
Amega offers over 100 instruments for CFD trading, including 70+ forex pairs, 25+ global stocks, 8 indices, 10 commodities, and 4 cryptocurrencies. Amega also offers access to precious metals and energies with leverage up to 1:20.
MTrading vs Amega Trading Fees Comparison
MTrading charges no commission fees on CFD trading, but applies spreads and swaps depending on the account type and instrument. MTrading offers four account types: Micro (minimum deposit $5), Standard (minimum deposit $100), ECN (minimum deposit $500), and Crypto (minimum deposit $100). The spreads vary from 0.0 pips on the ECN account to 1.7 pips on the Micro account. The swaps are based on the market rates and are tripled on Wednesdays. MTrading also charges a $5 monthly inactivity fee after 90 days of no trading activity.
Amega also charges no commission fees on CFD trading, but applies spreads and swaps depending on the instrument. Amega offers one account type: Premium (minimum deposit $20). The spreads start from 0.8 pips on forex pairs and vary depending on the market conditions. The swaps are based on the market rates and are tripled on Wednesdays. Amega does not charge any inactivity fee.
MTrading vs Amega Account Types Comparison
MTrading offers four account types: Micro, Standard, ECN, and Crypto. Each account type has different features and benefits, such as leverage, spreads, minimum lot size, margin call level, stop out level, and number of instruments available. The Micro account is suitable for beginners who want to trade with small volumes and low risk. The Standard account is suitable for experienced traders who want to trade with standard lots and competitive spreads. The ECN account is suitable for advanced traders who want to trade with tight spreads and fast execution. The Crypto account is suitable for traders who want to trade with cryptocurrencies only.
Amega offers one account type: Premium. This account type has the same features and benefits for all traders, such as leverage up to 1:1000, spreads from 0.8 pips, minimum lot size of 0.01 lots, margin call level of 50%, stop out level of 20%, and access to all instruments available.
MTrading vs Amega Deposit Options Comparison
MTrading offers a variety of payment methods for deposits and withdrawals, such as bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller), local bank transfers (in selected countries), cryptocurrencies (Bitcoin/Ethereum), and other online payment systems (WebMoney/Perfect Money). MTrading does not charge any deposit or withdrawal fees, but some payment providers may apply their own fees. The minimum deposit amount is $5 for most methods, except for bank wire transfer ($200) and cryptocurrencies ($50). The minimum withdrawal amount is $5 for most methods, except for bank wire transfer ($100) and cryptocurrencies ($50). The processing time for deposits and withdrawals varies depending on the method, but is usually instant or within 24 hours.
Amega also offers a variety of payment methods for deposits and withdrawals, such as bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller), local bank transfers (in selected countries), cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple), and other online payment systems (WebMoney/Perfect Money/SticPay). Amega does not charge any deposit fees, but charges withdrawal fees depending on the method. The minimum deposit amount is $1 for most methods, except for bank wire transfer ($100) and cryptocurrencies ($10). The minimum withdrawal amount is $1 for most methods, except for bank wire transfer ($100) and cryptocurrencies ($10). The processing time for deposits and withdrawals varies depending on the method, but is usually instant or within 24 hours.
MTrading vs Amega Trading Platforms Comparison
MTrading offers both the MetaTrader 4 and MetaTrader 5 platforms, which are the most popular and widely used trading platforms in the industry. The MT4 and MT5 platforms are available via web, desktop, or mobile devices. The platforms offer a range of features and tools, such as multiple chart types, technical indicators, market orders, pending orders, stop loss/take profit levels, one-click trading, automated trading with expert advisors (EAs), strategy testers, economic calendars, news feeds, and more.
Amega only offers the MetaTrader 5 platform, which is the newer and more advanced version of the MT4 platform. The MT5 platform is available via web, desktop, or mobile devices. The platform offers the same features and tools as the MT4 platform, plus some additional ones, such as more timeframes, more order types, more technical indicators, depth of market, multi-currency strategy testers, economic news indicators, and more.
MTrading vs Amega Analytical Tools Comparison
MTrading provides a range of analytical tools to help traders make informed decisions and improve their trading performance. Some of these tools include market sentiment indicators, fundamental analysis reports, strategy builders, trading calculators, trading signals service (for a fee), and an XM VPS service (for free or a fee depending on the account type). MTrading also offers premium research materials, such as daily market outlooks, weekly webinars, podcasts, videos, tutorials, and articles on various topics related to trading.
Amega does not provide any analytical tools or research materials on its website or platform. Traders have to rely on their own analysis and sources of information to conduct their trading activities. Amega only provides a basic economic calendar and a glossary of trading terms on its website.
MTrading vs Amega. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which broker is better, as each broker has its own advantages and disadvantages. In conclusion, MTrading and Amega are two online brokers that offer CFD trading on various instruments. Each broker has its own advantages and disadvantages, and the choice of which broker is better depends on your personal preferences, trading goals, and risk appetite.
