Amega Broker Review For 2024

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 online broker that surely attracts with its trading features, especially zero-commission trading across various asset classes. This approach has easily made Amega a go-to platform for traders around the globe. However, it would be very important to mention that the services of Amega are restricted, if not banned, in certain countries like the USA, North Korea, and Iran.

The broker offers competitive trading conditions, which are good for professional and beginner traders. One of the unique propositions of this broker is education through the Ideas Hub. As Amega does not have a demo account, the traders can practice and get familiar by making low-cost trades directly in the real markets, starting from only $1. This will practically allow the users to learn and improve in trading with minimum financial risk.

Amega works on just one account type that has combined advantages of a few accounts, including Islamic-friendly conditions and competitive spread. It allows being versatile for both the sharks and small fish of various traders. What’s more, an instant cashback program upscales this incentive to active traders, increasing the degree of trust in the overall trading experience.

Regulation And Safety

Amega is a regulated forex broker. This means that they are registered with an appropriate financial authority and abide by the relevant regulations for financial service providers. Amega Global LTD is regulated by the Financial Services Commission (“FSC”) in Mauritius under Investment Dealer License No. GB22200548.

Client Fund Safety

Amega takes client account security very seriously. For example, they apply a segregated account policy. This means that they keep client funds separate from its own funds, in segregated accounts, and they use client money for their own business purposes. This is especially important for forex traders who want high levels of client fund protection. They also apply a negative balance protection policy. This means that they never allow client balances to fall below zero. This is especially important for new forex traders who have little experience on the financial markets.

Amega: Legit or Scam?

Amega is a legit broker. They have been offering online trading services for many years and have a large, international client base. They are registered with an official financial body, apply good client fund safety measures, and offer a secure online trading environment. In terms of their trading services, they provide good account types, a nice variety of trading instruments, and fair pricing. They also have a good selection of payment options and withdrawal methods.

Key Features of Amega Broker

1. Zero-Commission Trading: Amega stands out in the market for offering a zero-commission trading model, which allows traders to perform trade activities without extra charges. This aspect is surely important for those who want to minimize costs in trading and maximize potential profits.
2. Diversified Asset Classes: It offers a fantastic variety in asset classes. It will be relatively easy for traders using this broker to diversify their portfolio across various markets.
3. One Account Type: Amega makes it very easy for the traders to select account types. They pack all features into one account. The accounts boast competitive spreads as well as Islamic-friendly conditions. This satisfies the requirement of a wide range of traders.
4. Cashback Loyalty Program: From all the features of the broker, perhaps one of its unique selling propositions is an immediate cashback on every trade.
5. Educational Tools via Ideas Hub: Amega promotes the traders’ growth with wide-ranging educational tools via Ideas Hub. With this tool, it is possible to get a closer view of the market, trading strategies, and updates that will help traders make better decisions.
6. Amega App: The newly designed Amega App allows mobile trading from anywhere in the word. The application can be used to access Ideas Hub, current market updates, and free trading signals, thus making it a powerful tool for any modern trader.

Trading Assets

Amega offers traders a long array of instruments to trade, majorly CFDs. The diversified offering allows for strategic investment across various markets.

1. Soft Commodities: Traders have access to nine different soft commodities with popular ones such as sugar, soybean, and coffee. These commodities are definitely needed by anyone who wishes to diversify their portfolios with agricultural products.
2. Global Company Stocks: Amega provides more than 25 global company stocks comprising some of the most well-known brands such as Amazon, Netflix, and Tesla. Thus, the avenue is opened for traders to invest in leading companies across various industries.
3. Global Indices: The platform offers access to 10 of the major Global Indices, including but not limited to the ASX200, S&P500, FTSE100, and DAX30. This provides exposure to the general market trend. Such a portfolio would suit one looking to invest in overall market performance.
4. Forex Pairs: Amega facilitates trading in over 70 major, minor, and exotic forex pairs, including some of the most liquid, widely traded pairs (EUR/USD, GBP/CAD, and USD/JPY). This huge coverage opens up great opportunities to diversify almost any forex trading strategy.
5. Precious Metals & Fiat Currency Pairs: The broker provides an opportunity for trading seven pairs of precious metals for fiat currencies. Among them are: Gold versus US Dollar, Silver versus Euro, and so on. Such a wide range is interesting for traders who need hedging against currency fluctuation and economic turmoil.
6. Energy Futures & Spot Energies: Amega offers two energy futures and three spot energies, brent oil, and natural gas amongst them. These are must-haves for the energy sector interested trader.

Amega Accounts

Having only one account type makes life easy for traders. It is a feature-rich account that can aptly meet the needs of a wide range of traders. This enables Amega to streamline its services while still managing to provide a highly competitive environment for trading.

One of the great attributes of this account is that it does not charge any commission. Hence, it eliminates extra costs a trader might incur. It simply means that a trader will only get his/her profits alone without any other extra costs.

Also, the trade execution in this type of account is fast and swift, with an execution speed of 0.1 seconds. That means traders can enter or exit positions at the simplest critical volatility of the market.

This account also comes with low-cost trading, thus making it accessible for traders of different levels, including those with low initial capital.  Amega can leverage up to 1:1000. This high leverage offers greater returns, though careful risk management is called for because of the increased exposure.

Lastly, this account offers unlimited cashback loyalty program. It basically continues incentivizing active trading, adding a financial advantage to active trading. This type of account, with the combined features noted above, is quite versatile for the inexperienced and professional trader alike.

Mobile Trading and Tools

With the newly introduced Amega App, mobile trading, market news updates, and absolutely free signals can be right at one’s fingertips. Equally important, this app includes Ideas Hub for an even further trader support, education, and market commentary.

You can take a glimpse of their free market analysis and news about the market. Other top brokes usually provide more trading resources, but Amega’s tools should be enough for a new trader to successfully make their way in the markets.

Amega Cashback Loyalty Program

Amega has its own unique bonus structure that applies to its cashback loyalty program. While most traditional brokers will give several different types of bonuses, Amega has chosen to reward traders with instant cashback on trades. The idea behind this is to incentivize people to actually be active traders, providing an instant financial reason to do so. This means that the more you trade, the more cashback you build up.

The loyalty program is easy and painless to participate in, as the cashback automatically gets credited to the user’s account after every trade. This approach not only simplifies the whole process of bonuses but also ensures that traders regularly benefit from their activity on the platform. This effective bonus strategy by Amega improves the general trading experience and gives real value back to its clients.

Amega Registration – How To Open A Trading Account

As part of our Amega broker review, we looked at their online registration process. Signing up is easy. The first step is to visit their website, fill in the application form, and choose your login details. This is so they can create your account. The next step is to take a quick online trading test. This is so that they can see how much you know about online trading. Lastly, the last step is to verify your account, submit copies of your documents, and choose your account type.

Amega Registration – How To Verify A Trading Account

As part of our Amega broker review, we took a look at their online verification process. To open a live trading account, you’ll need to send Amega copies of certain personal documents.This is so that they can check your identity and verify your account. You can send them a copy of your National ID card, Passport or Driving License. You can also send them copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.

Amega Payment Methods

Amega Forex Broker offers traders a range of convenient deposit and withdrawal methods:

Deposit Methods	Processing Times	Fees
SticPay, Dusupay, Skrill, Neteller	Instant	There are no fees from Amega, but payment providers may charge
Online Naira, Perfect Money	Instant	There are no fees from Amega

Withdrawal Methods	Processing Times
SticPay, Dusupay, Skrill, Neteller	1-2 business days
Online Naira, Perfect Money	1-2 business days

Trading Platforms

Amega has one of the most popular online trading platforms in the industry – MetaTrader5. The Amega MetaTrader5 (MT5) platform is a fantastic choice for forex traders. It has a simple interface and many built-in trading tools. During trading hours, you can use it to access and trade the financial markets. You can also use its wide selection of trading tools which include 6 order execution types, 38 indicators, and 37 analytical objects.

Trading Education 

Amega offers a nice selection of free educational content. Their articles cover basic trading terminology and teach you about important terms such as pips, margin, leverage, and spreads. Their articles also cover basic skills including market analysis, trading psychology, and risk management.

Customer Support

Amega has a great customer support team and offers a high standard of customer service. Their team is available from 07:00 until 14:00, Monday to Friday. You can reach them via live chat, email, or phone.

Amega Trading Hours

Amega trading hours are in line with standard trading hours. You can open trades whenever the financial markets are open. Trading hours may vary on public holidays.

Our Verdict

Amega is an award-winning forex broker that has been offering online trading services for many years. The company has a great reputation in the industry and is now a well-known brand. They provide good market access, reliable trading platforms, and secure trading accounts. They also provide great trading conditions and a nice choice of financial instruments.

Amega also values education and support. When it comes to trading technology, they provide customers with helpful tools, analysis, and market news, enabling forex traders to navigate the markets successfully. They also provide free educational content and helpful articles to help more forex traders progress with their trading journeys.

Conclusion

Amega is a reliable forex broker that offers a great online trading service. It has good account options, excellent trading conditions, and powerful trading platforms. It also has helpful educational resources, a great bonus plan, and regular trading contests. As such, it could be a good choice for forex traders.

Ready to get started? To open an online trading account with Amega, sign up here.

Amega Forex Broker Review – FAQ

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 available. Here are some similar brokers.

Looking for more options? Here is our full list of forex brokers.