Amega is an online broker that offers zero-commission trading on hundreds of assets such as currencies, stocks, commodities, indices, energy, and precious metals. With ultra-low spreads from 0.1 pips and leverage up to 1:1000, Amega provides great trading conditions for everyone, regardless of the deposit amount. They accept clients from 50 countries and offer the popular MetaTrader 5 platform. Amega is regulated by the Financial Services Commission in Mauritius and offers segregated customer accounts for added safety. Please note that Amega is unavailable to American, North Korean, and Iranian residents or citizens.
Pros and Cons
Pros
- Offers commission-free trading on all assets, including forex and stocks
- Provides Loyalty Cashback Program rewarding traders based on their traded volume
- Accepts all trading strategies, including robots and scalping.
- High leverage of up to 1:1000 allows traders to amplify their profits
Cons
- Limited regulatory oversight as Amega is not regulated in Europe, North America, or Asia Pacific, it only has oversight from the Financial Services Commission in Mauritius
- High affiliate commissions are offered to attract new clients, which could potentially lead to biased reviews
Recommended For
Amega is an online broker that stands out for its zero-commission trading and diverse asset classes, making it an attractive option for traders globally. However, it is important to note that the platform is not available to individuals residing in the USA, North Korea, and Iran. While Amega offers competitive trading conditions for both novice and experienced traders, it may not be the best choice for beginners who rely on comprehensive educational tools to enhance their trading skills and knowledge. However, Amega does offer free demo versions. This allows users to practice and learn at their own pace, even though there may not be dedicated educational tools. Additionally, the platform features an instant cashback program, which serves as an added incentive for traders to engage with the platform and provides an additional benefit for users. Moreover, it offers Islamic accounts which are specifically designed for traders who adhere to Islamic principles and guidelines.
Regulated By
- Financial Services Commission (Mauritius)
Top Features
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Commission-free Trading: Amega believes in low-cost trading, which is why it does not charge any commission on trades. This feature is particularly helpful for traders who are just starting and do not want to lose money on commission fees.
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Wide Range of Asset Classes: Amega offers its clients access to a wide range of asset classes, including currencies, stocks, commodities, precious metals, energy, and indices. This feature allows traders to diversify their portfolios and take advantage of different market conditions.
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High Leverage: With leverage up to 1:1000, Amega provides its clients with the ability to trade with a much larger position than their account balance would allow. This high leverage enables traders to maximize their profits, but it also comes with higher risks.
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Instant Cashback Loyalty Program: Amega offers a unique loyalty cashback program that rewards its clients based on their traded volume, regardless of market direction. This program offers monetary rewards that can be instantly withdrawn without any restrictions.
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Ultra-Fast Execution: Amega boasts an execution speed of 0.1 seconds, which is incredibly fast compared to other online brokers. This feature ensures that traders can take advantage of market movements quickly and efficiently.
Overview
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Type of Broker
Non-Advisory/Executionary Broker -
Regulation & Licensing
Financial Services Commission (Mauritius) -
Assets Offered
100+ -
Platforms Available
MetaTrader 5 (Desktop, Web) -
Payment Types Accepted
Sticpay, DusuPay, Skrill, Neteller, Ovo, Dana, Wire Transfer
Account Types
|
Standard Account |
Islamic Account |
RAW Account |
|
|
Account Currencies |
USD |
USD |
USD, NGN |
|
Available Leverage |
1:1000 |
1:1000 |
1:1000 |
|
Commission Per Trade |
$0 |
$0 |
|
|
Trading Instruments |
|
|
|
|
Min. Lot Size Per Trade |
0.01 |
0.01 |
0.01 |
|
Spreads |
From 0.1 pips |
From 0.1 pips |
From 0.0 pips |
|
Demo Account |
Yes |
No |
No |
|
Swap Free |
No |
Yes |
No |
|
Copy Trading Support |
No |
No |
No |
|
Affiliate Program |
Yes |
Yes |
Yes |
|
Loyalty Program |
Yes |
Yes |
Yes |
|
Deposit Bonus |
Yes |
Yes |
Yes |
Trading Platforms
- MetaTrader 5 (Desktop, Web)
Trading and Investment Tools
-
One Click Trading
Yes -
Trade off Charts
Yes -
Email Alerts
Yes -
Mobile Alerts
Yes -
Stop Order
Yes -
Market Order
Yes -
Trailing Stop Order
Yes -
OCO Orders
Yes -
Limit Order
Yes -
Charting Package
Yes -
Streaming News Feed
Yes
Compliance & Regulation
Based in Mauritius, Amega is regulated by and therefore compliant with the standards of the Financial Services Commission (FSC). However, the online broker is not regulated by any major regulatory authorities in Europe, North America, or Asia Pacific. This can raise concerns about the overall safety and transparency of the company’s operations.
Service Details
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Supported Languages
Albanian, Arabic, Azerbaijani, Bulgarian, Chinese, Czech, English, French, German, Greek, Hebrew, Hindi, Indonesian, Italian, Japanese, Korean, Latvian, Persian, Polish, Portuguese, Romanian, Russian, Spanish, Turkish, Ukrainian, Uzbek, Vietnamese. -
Customer Service By
Chat and Telephone Support, FAQ Support Center -
Customer Service Hours
24/5 -
Telephone Orders
No -
Account Manager
Yes
Reliability & Security
Amega maintains customer-segregated accounts with authorized third parties, safeguarding client assets against potential misuse by the licensed corporation. Additionally, these segregated accounts help protect clients’ funds from adverse economic conditions that could affect the broker’s financial stability.
User Experience
Amega’s website is user-friendly and easy to navigate, offering a seamless experience for potential clients. The broker uses the widely recognized MetaTrader 5 (MT5) platform, known for its efficiency and ease of use. Account opening is a straightforward process, and the company provides attentive customer support. Overall, Amega delivers an excellent user experience for online trading enthusiasts.
Final Thoughts
In conclusion, Amega is an online broker offering zero-commission trading, appealing to cost-conscious traders with diverse strategies. They provide a wide range of asset classes, including currencies, stocks, and commodities, as well as an attractive Loyalty Cashback Program. Their use of the popular MetaTrader5 platform ensures a user-friendly experience. However, the lack of regulatory oversight in major regions can raise concerns about the broker’s credibility. Amega’s services are also restricted in countries, including the U.S., Iran, and North Korea. Overall, while Amega has attractive features, it is always important for clients to weigh benefits against the limitations and risks associated with any broker’s regulatory status.
Contact Info
Website:
https://www.amega.finance
Email:
support@amegafx.com
Telephone:
+23052970273
Company Address:
The Cyberati Lounge, Ground Floor, The Catalyst, 40 Silicon Avenue, Cybercity, Ebene, 72201, Republic of Mauritius
FAQs
Q: Are there any country restrictions?
A: Yes, Amega has country restrictions. Services are not available to residents or citizens of the USA, North Korea, and Iran. The information on their site is not intended for distribution or use in any country or jurisdiction where it would violate local laws or regulations.
Q: What is the Amega Loyalty Program?
A: The Amegas Loyalty Program rewards traders with cash for every lot they trade, regardless of the trade’s result. Each lot earns $1, which is deposited into a cashback wallet. There are no limits on earnings or time constraints. Traders can choose to withdraw the funds (after reaching $100) or add them to their equity. Enrollment is automatic for all clients.
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