Amega Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | Financial Services Commission, Mauritius |
| 💰 Minimum Deposit | $20 |
| 💳 Deposit Options | SticPay, Dusupay, Skrill, Neteller, OVO, Dana, Wire Transfers |
| 💳 Withdrawal Options | SticPay, Dusupay, Skrill, Neteller, OVO, Dana, Wire Transfers |
| 📌Open an account | Start Trading with Amega |
About Amega Forex
Amega is an excellent forex broker and online trading provider. They have been offering services to forex traders around the world for many years now. They are also a regulated company. As such, they are a reliable and trustworthy broker, offering a secure online trading environment, and ensuring a good level of client fund safety.
Amega has competitive online trading conditions, as well as fair and transparent pricing. They offer a wide selection of over 100+ trading instruments including forex, energies, metals, shares, indices, and commodities. Another great thing about Amega is that they have a good selection of online trading accounts. They have a total of 6 different account types – above average for the industry – all of which have low commissions, good spreads, and fast trade execution. They also have one of the top forex platforms in the industry – MetaTrader5 – which offers a great choice of trading tools.
If you’re looking for good trading support, then you’ll be pleased to know that Amega offers plenty of free trading resources. They have regular offers and promotions – including forex bonuses – which give you the chance to boost your trading capital. They also have plenty of trading tools including market news, market analysis, and free educational content. If you’re looking for great customer service then you’ll also be pleased to know that Amega also has multilingual customer support.
Regulation
Amega is a regulated forex broker. It is regulated by the Financial Services Commission (“FSC”) in Mauritius under Investment Dealer License No. GB22200548.
Client Fund Safety
Amega has good client fund protection measures in place. For example, they store client money in segregated accounts, separate from their own funds. This means that they don’t use client money for their own business purposes. They also offer their clients negative balance protection. This means that they have security measures in place to protect clients from falling into debt. This is especially important for new traders who have less experience on the financial markets and are still learning how to apply risk management when trading.
Amega: Legit or Scam?
Amega is a legit broker. They have been offering forex trading services for many years and have a large client base in Africa. They are regulated by a well-known financial authority, and operate under a reasonable level of regulatory oversight. One of the nice things about Amega is that they offer multiple account options and a nice variety of online trading instruments. They also have a good choice of payment methods and a fast withdrawal process.
Trading Instruments
It offers a wide range of trading instruments including forex, metals, energies, stocks, and indices.
- Forex: They have trading on many major, minor, and exotic currency pairs.
- Commodities: They offer trading on metals, crude oil, and natural gas.
- Stocks: They give you access to popular US stocks such as Alphabet and Apple.
- Indices: The provide trading on major US indices such as the S&P 500.
Amega Trading Accounts
At Amega, you can choose between the following trading accounts:
- Standard – The Live account offers a wide range of tradable assets as CFDs, as well as the advantages and security of a regulated brokerage.
- Standard Bonus – This account includes a deposit bonus of up to 150% of the original investment, depending on the amount.
- Islamic – The Live Islamic Account is a swap-free account offering a wide range of tradable CFDs as well as the advantages and security of a regulated brokerage.
- Islamic Bonus – The Live Islamic Bonus account, is a swap-free account that offers a wide range of instruments that can be traded as CFDs.
- RAW – The ECN account provides direct access to hundreds of tradable assets in the FOREX, Precious Metals, and Energy markets, that can be traded as CFDs. .
- RAW Bonus – The ECN account provides direct access to hundreds of tradable CFD assets in the FOREX, Precious Metals, and Energy markets.
Demo Accounts
The Amega demo account is great for new traders who want to learn how to trade in a safe trading environment. It comes with similar trading conditions to the live accounts – which means tight spreads and high leverage. It is only available on MetaTrader5. Access to the demo trading account is free. All trading is done with virtual capital.
PAMM Accounts
Amega does not offer a PAMM service. PAMM accounts allow you to invest in other people’s trading strategies. This service can be very helpful for beginner traders, as it means they can get access to a fully-managed investment portfolio, as well as live investment updates.
Amega Registration – How To Open A Trading Account
As part of our Amega broker review, we looked at their online registration process. It is easy to open a trading account under the SVG-registered business entity. To get started, you simply go to their website, complete the online form, and provide your preferred login details. Next, you spend a few minutes taking their online trading test. After that, you go through the ID checks, choose your account types, and add trading funds.
Amega Registration – How To Verify A Trading Account
As part of our Amega broker review, we also looked at their verification process. To open a live trading account you’ll need to verify your identity. This means you need to send Amega a proof of ID and a proof of address. You can provide copies of your National ID card, Passport or Driving License. You can also provide copies of a utility bill or a bank statement registered in your name.
Amega Bonuses
If you’re looking for a good forex bonus, then you’ll be pleased to know that Amega has a great selection of offers and promotions. Their offers typically include welcome bonuses, deposit bonuses, cashback offers, and trading competitions. Their promotions change regularly and you can always find the latest deals on their website.
Payment Methods
Amega has many deposit methods such as SticPay, Dusupay, Skrill, Neteller, OVO, Dana, and Wire Transfers. Their deposit process is quick and easy. Amega deposit times vary depending on which deposit method you use. Their withdrawal process is also fairly standard. You can also withdraw your funds using these same payment methods. Amega withdrawal times vary depending on which payment option you choose.
Amega Platforms
Amega offers trading on MetaTrader5. It is available on various devices. The Amega MetaTrader5 (MT5) platform is a great option for forex traders. It has easy to set up and comes with many built-in trading tools. You can use it to access the financial markets. You can also use its many trading features – which include 6 order execution types, 38 indicators, and 37 analytical objects.
Trading Tools
Amega has a few free trading tools. For example, they offer an economic calendar, market analysis, and market news. Other brokers typically offer more options, but Amega still has enough tools for new traders to be able to navigate the markets successfully.
Trading Education
Amega offers a small selection of free educational articles. They are designed to help you learn more about the forex market. The articles cover basic trading terminology such as pips, margin, leverage, and spreads. They also cover trading skills including market analysis, trading psychology, and risk management.
Amega Customer Support
Amega offers a good level of customer service. Their customer support team is available from 07:00 until 14:00, Monday to Friday. You can reach them via live chat, email, or phone.
Our Verdict
Amega is an established forex broker that provides a good all-round service. The company was founded in 2018 and is now a well-known name in the forex industry. They provide easy market access, good trading conditions, and a variety of account types. They also provide a safe trading environment and a high level of client fund protection.
Amega also values education and support. They have an industry-leading trading platform. They offer helpful tools, analysis, and market news, enabling traders to navigate the markets more successfully. They also provide free educational content and helpful articles to help more traders progress with their trading journeys.
Amega Forex Broker Review – FAQs
Yes, Amega is a registered forex broker. Amega is registered in St. Vincent and the Grenadines. The broker is incorporated IBC by the Registrar of International Business Companies. As an SVG-registered broker, they have less regulatory requirements than other regulated brokers. However, they still implement strict security and client fund safety protocols.
Amega is a good forex broker. They have great trading bonuses, helpful trading tools, and sophisticated trading platforms. They have great learning materials, helpful customer support, and good client fund security. However, if you want to look at alternative options, there are many other great forex brokers as well. We recommend looking at HotForex, FXTM, FXPro, FXPrimus, and Instaforex.
Amega Forex Broker Review – Similar Brokers
Amega is a great forex broker. However, if you want to look at other options, there are also many other forex brokers in Africa. Here are some similar brokers.
Looking for more options? Here is our full list of forex brokers.