A-Markets is an unregulated online forex broker that will be of particular interest to investors looking to deal in high-risk, high-reward trading, largely due to the considerable leverage ratios available. This article will analyse the leverage rates and spreads on offer, while also giving you an objective evaluation and useful summary of the services provided to help you decide whether or not to open an account with A-Markets.
WHAT DID OUR TRADERS THINK AFTER REVIEWING THE KEY CRITERIA?
Summary and spreads
A-Markets offers three different account tiers: Fixed, Standard and ECN. These can be accessed through MT4 WebTrader, MT4 MultiTerminal and MT5 WebTrader, in addition to a number of compatible device and desktop platforms for PC, Mac and iOS. The Fixed and Standard accounts require a minimum initial deposit of $100 or €100, while the ECN account starts at $200.
Because of the fact that A-Markets is a company operating without international regulation, the trustworthiness of the broker may be a cause for concern. However, A-Markets holds membership with the Financial Commission (FinaCom). This organisation specialises in forex, blockchain and digital currencies and operates with a mission statement to ensure all trades are enacted with transparency and rapidity, while striving to ensure that all members remain educated with regards to their trades.
As the name suggests, the Fixed account will fix spreads at 3 pips, and the stop out level is 20%. The Standard account offering includes floating spreads starting at 1.3 pips, while the ECN account is floating from 0. A-Markets claims that it often has spreads as low as 0.2 pips available across the board, and each account is available in EUR, RUB and USD. The low spreads on offer from A-Markets ensures more favourable trading conditions because of the negligible difference between bidding price and asking price. Furthermore, clients can request Market Execution mode to trade all popular currency pairs, although you’ll have to sign up to the Standard account first.
Leverage
A-Markets has a reputation as a forex broker offering competitive leverage rates when compared to the rest of the market. In fact, A-Markets recently announced that it has increased the leverage ratios on Fixed and Standard accounts in order to ensure that its clients are endowed with the essential trading conditions to facilitate a return on investment.
A-Markets currently offers rates up to 1:1000. The Fixed and Standard account types with A-Markets offer the maximum leverage, while the ECN account runs up to 1:200.
Higher leverage means you enjoy more comprehensive exposure to the market you’re trading in when compared with the initial deposit used to open the trade. This offers you the opportunity to amplify potential gains – but it also increases the potential for losses.
There are three main advantages when you decide to trade with higher leverage through A-Markets:
- Trade even with lower starting capital
- Earn more with less effort
- Gain access to a wider spectrum of trading strategies
Augmented leverage rates are available provided the equity level on the respective account is set below $5,000. Wherever equity exceeds the $5,000 limit, leverage will be automatically decreased to A-Market’s default ratio of 1:500. If you open a new account with A-Markets, ensure that the equity level does not exceed $5,000, and the 1:1000 leverage rate will automatically be applied to your account.
The bottom line
A-Markets is a broker that will appeal to those with a smaller initial deposit but who are looking to get involved in big-ticket deals. The leverage rate of 1:1000 is applicable to all forex instruments except, of course, those that entail fixed leverage ratios. The high leverage combined with lower spreads and the array of different trading platforms on offer makes A-Markets an accessible marketplace with a competitive edge.
