AMEGA is an international Forex & CFD broker who offers a range of trading services and features that may be of interest to traders, including direct market access with no middleman, leading trading platforms, over 100 account currencies, and commission-free deposits and withdrawals. The broker also offers a variety of trading contests and promotions, as well as fast withdrawals 24/7 and no minimum deposit requirements.

Broker offers trading in over 40 currency pairs, metals, CFDs, and cryptocurrencies, and provides different account types, including ECN, Scalper, and Swap-Free accounts. The broker also allows scalping and advisor trading, which may be beneficial to some traders.

Additionally, AMEGA has an affiliate program that allows individuals to earn commission by referring traders to the broker. The affiliate program offers up to $16.10 per lot, up to $1,000 for each referred trader, and the opportunity to profit from 2nd and 3rd-tier affiliates.

Account Options

• Broker Type: ECN
• Minimum Deposit: 1
• Majors Spread: EUR/USD: 0.3, GBP/USD: 0.5, USD/JPY: 0.4
• Maximum Leverage: 1000:1
• Scalping: Yes
• Hedging: Yes
• Free Demo Account: Yes
• Traders From USA: No

ECN stands for Electronic Communication Network, which is a type of Forex broker that offers direct market access (DMA) to traders, allowing them to trade directly with liquidity providers such as banks and other financial institutions. This can result in tighter spreads and better pricing for traders.

The minimum deposit required to open an account with this broker is 1, which may be attractive to traders who are just starting out or who want to test the broker’s services before investing more money.

The major spread offered by this broker is relatively low, with the EUR/USD spread at 0.3 pips, GBP/USD at 0.5 pips, and USD/JPY at 0.4 pips. This could potentially result in lower trading costs for traders.

The maximum leverage offered by this broker is 1000:1, which is a relatively high amount of leverage. While high leverage can amplify profits, it can also increase risk, so traders should exercise caution when using high leverage.

Scalping and hedging are both allowed by this broker, which may be beneficial to some traders who use these strategies.

The broker offers a free demo account, which can allow traders to test the broker’s services and trading platforms before investing real money.

Finally, it’s important to note that this broker does not accept traders from the USA. Traders who reside in the USA should look for a broker that is regulated by the relevant US authorities and accepts US clients.

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
• 24hr Trading: Yes
• Charting Package: No
• Streaming News Feed: Yes

One-click trading allows traders to enter and exit trades with just one click, which can help to streamline the trading process and potentially improve execution speed.

Trading off charts allows traders to place trades directly from the price chart, which can provide a more visual and intuitive trading experience.

Email and mobile alerts can help to keep traders informed about market events and price movements, even when they are not actively monitoring their trading accounts.

Stop orders, market orders, trailing stop orders, OCO orders, and limit orders are all different types of orders that can be used to enter and exit trades in different ways, and the fact that this broker offers all of these order types can be beneficial to traders who use different trading strategies.

24-hour trading is available, which means that traders can access the market and trade at any time of the day or night, depending on market conditions and their own personal trading preferences.

It’s worth noting that this broker does not offer a charting package, which means that traders may need to use external charting software or platforms to analyze price charts and identify trading opportunities.

Finally, a streaming news feed is available, which can provide traders with access to the latest news and market developments that may impact their trading decisions.

Regulation and Security

Based on the information available on Amega’s website, the broker claims to be regulated by the Financial Services Commission (FSC) in the Republic of Mauritius under the registration number C113012295. However, it is important to note that regulatory information can change over time, so it’s a good idea to verify the broker’s current regulatory status.

In terms of security, Amega claims to use advanced security measures to protect their clients’ data and funds, including 2-factor authentication for account access and SSL encryption for data transmission. They also claim to use segregated accounts to keep client funds separate from the broker’s operating funds.

That being said, it is always important to exercise caution when selecting a Forex broker and to thoroughly research their regulatory status and security measures before opening an account. It can also be helpful to read reviews and feedback from other traders to get a sense of their experiences with the broker.

Amega Pros and Cons

Pros:

• Amega offers a wide range of trading instruments, including over 40 currency pairs, metals, CFDs, and cryptocurrencies.
• The broker offers multiple account types, including ECN, Scalper, and Swap-Free accounts, as well as a demo account for practice trading.
• Amega offers commission-free deposits and withdrawals, as well as over 200 payment systems for easy funding.
• The broker offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, as well as mobile and web-based trading options.
• Amega offers fast withdrawals 24/7, which can be a big plus for traders who prioritize quick access to their funds.
  

Cons:

• While Amega claims to be regulated by the Financial Services Commission (FSC) in the Republic of Mauritius, the regulatory information could be subject to change, so traders may want to verify the broker’s current regulatory status.
• Some traders may find the minimum deposit requirement of $1 to be too low, which could lead to increased risk and potentially lower-quality services.
• Amega does not appear to offer a charting package, which could be a drawback for traders who rely heavily on technical analysis in their trading strategies.
• While Amega offers a variety of trading tools and order types, some traders may find the lack of a built-in charting package to be a limitation.
• Traders from the United States are not accepted by Amega, which could be a disadvantage for American traders looking for a Forex broker.
  
  

Conclusion on Amega

Amega Forex broker appears to offer a range of trading instruments and account types, as well as multiple trading platforms and fast withdrawals. The broker’s commission-free deposits and withdrawals and no minimum deposit requirement may also be appealing to some traders.

However, traders should be aware of the potential drawbacks, such as the lack of a built-in charting package and the broker’s low minimum deposit requirement, which could increase risk and potentially lower the quality of services. Additionally, while Amega claims to be regulated by the Financial Services Commission (FSC) in the Republic of Mauritius, regulatory information can change over time, so traders should verify the broker’s current regulatory status.

Overall, traders should carefully consider their trading needs and priorities and conduct thorough research before selecting a Forex broker. It can also be helpful to read reviews and feedback from other traders to gain insights into their experiences with a particular broker.