Amega FX was established back in 2017, and so far, it was able to send mixed signals to its clients. On one hand, it received a lot of praise for its astounding spreads and asset selection. Still, others claim that it is just another scam broker that uses flashy advertisement to make false promises. So, what is the truth?
Amega FX is a company mainly focused on providing services to Russian clients, and it is owned by the 1X Corp N.V. Sadly, no other details about licensing or regulation are available, which is quite concerning. Nevertheless, the company seems to have settled within the Russian trading community. They are successfully bringing in more clients, and the next step in their business structure is national expansion. So far, the company’s biggest advantage is a great selection of CFDs, which give you quite satisfying profits overtime. Still, no safe profit is guaranteed in trading, so Amega FX cannot exactly promise you the world.
Amega FX also takes pride in providing the handiest and efficient robust data for its customers, as well as a guarantee of the smoothest executions you have ever experienced. Amega FX has the goal of attracting and including the widest possible variety of customers, and they do so by providing them as much freedom in their trading as possible. Some of these advantages include bonuses, free deposits and withdrawals, and many more which will be discussed in the following passages.
Platform and Execution SCORE: 71%
The Amega FX trading platform is one of the most modern ones we have ever had a chance to use. It is user-friendly but advanced at the same time, and it offers the ability to apply your knowledge and skills to create the most satisfying results yet.
Amega FX clients have the unique opportunity to use both the MT5 or MT4 platform, whichever is the most suitable for their needs. The MT5 platform is the latest invention of the trading market, and it allows you to access the platform in its full glow on any device. This platform also offers the most advanced trading indicators and market news, as well as the latest trends within the tradeable assets. Overall, this type of platform is a neatly organised package that helps you on your trading journey.
The MT4 platform, on the other hand, is a step lower but it is also a popular choice. Here, you can find sections and lists about all the latest stocks, currency pairs and CFDs. Also, when you click on each one you will find the information about the spreads and leverage of up to 1:1000, which is quite useful.
Amega FX offers different types of bonuses for new and existing clients, which serve as an additional encouragement for you to get more active in your trading life. There are two types of bonuses available, which take into consideration both of these groups of clients. Those are:
- The welcome bonus
The welcome bonus is another useful push in the right direction for all the newcomers. It includes a 100% bonus on your first deposit of minimum $100, which you can use during the first 10 days of your trading journey with Amega FX.
- Next deposit bonus
This is 50% for your next deposit, which means that an additional sum of 50% will be added to your initial depositing amount.
Withdrawal Speed SCORE: 56%
Amega FX offers some of the widest variety of payment methods for both deposits and withdrawals. From credit and debit cards to e-wallets and bank wire transfer, you name it. But this isn’t even the greatest thing about it. Namely, the company made sure that there are over 100 different currency types available for your deposits and withdrawals. Also, they do not require any additional fees and commissions, which is quite rare in the trading world.
In addition, you can also use other less-known options such as prepaid cards, cash and even collectables and electronic vouchers. And the best part is that the time required for processing your withdrawal requests is immediate for most of the e-wallets, while other options depend on your bank, as well as the company’s ability to check your identity for safety.
Support and Assistance SCORE: 68%
Amega FX takes into consideration its primary base of users which are Russians, but also clients of other countries that they are trying to attract. As a result, they created a handy menu that allows you the opportunity to choose from 29 languages to contact their customer support team!
Their agents are available 24/7 on the phone, email or live chat. Live chat might be the best option, especially if you are impatient to continue your trading journey right away. The agents are quite helpful and friendly, which is also a huge advantage that may determine if you will ever use the broker company again.
Education and Tools SCORE: 41%
The educational section of Amega FX is not particularly admirable. You can find it under the tab called Analysis. There, you will see the dropdown menu of three sections which are divided into the technical analysis, economic calendar and the economics news feed.
Each one of these sections has updated information that will help you navigate your trading journey. However, it certainly lacks dedication to its newest members, especially the ones that do not have a lot of experience in trading. There are no tutorials, ebooks and other tools that explain the basics of trading, which is a huge downside.