Contents
- 1 Amega Basics
- 2 Our Opinion About Amega
- 3 Key Benefits
- 4 Regulation And Safety
- 5 Regulations In Nigeria
- 6 Fund Safety
- 7 Industry Awards
- 8 Amega: Legit or Scam?
- 9 Trading Assets
- 10 Trading Instruments
- 11 Account Types
- 12 Demo Account
- 13 Islamic Account
- 14 PAMM Account
- 15 Amega Registration – How To Open A Trading Account
- 16 Amega Registration – How To Verify A Trading Account
- 17 Amega Bonuses
- 18 Amega Payment Methods
- 19 Amega Trading Platforms
- 20 Trading Tools
- 21 Education And Research
- 22 Amega Trading Hours
- 23 Amega Customer Support
- 24 Our Verdict
- 25 Amega Forex Broker Review – FAQ
- 26 Amega Forex Broker Review – Similar Brokers
Amega Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | FSC, SVG |
| 💰 Minimum Deposit | $1 (400 Naira) |
| 💳 Deposit Options | Crypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire |
| 💳 Withdrawal Options | Crypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire |
| 📌Open an account | Start Trading with Amega |
Our Opinion About Amega
Amega is an established forex broker. They have been offering online trading services to clients worldwide for several years now. They are registered with both the FSC in Mauritius, and with the IBC in St Vincent, and the Grenadines. As such, they are a regulated company, offering a secure online trading environment, and providing a good level of client fund protection
Amega offers competitive online trading conditions with fair pricing. They have 100+ trading instruments including forex, energies, metals, shares, indices, and commodities. They also have a nice range of trading accounts. There are 6 different account types – all of which have low commissions, good spreads, and fast trade execution. They also have one of the top online trading platforms in the industry – MetaTrader5.
If you’re looking for great trading support, then Amega could be a good option. They have regular promotions and bonuses, giving you the opportunity to increase your trading capital. They also have a nice range of trading resources including market news, market analysis, and free learning materials. And if you’re looking for great customer service then you’ll be pleased to know that Amega also has multilingual customer support.
Key Benefits
Regulation And Safety
Amega is a regulated broker. The Amega Group consists of two companies, both operating under the same trade name. Here are the details:
- Amega Global LTD is regulated by the Financial Services Commission (“FSC”) in Mauritius under Investment Dealer License No. GB22200548.
- Amega Markets LLC is registered by the IBC in St Vincent, and the Grenadines, and incorporated under the registration number 1080 LLC 2021.
Regulations In Nigeria
Traders in Nigeria can open an account with the Amega Markets LLC business. As an SVG broker, Amega operates with slightly less regulatory oversight than other regulated brokers. However, they still implement strict security and client fund safety protocols. As such, they are a reliable provider.
Fund Safety
Amega takes client fund safety very seriously. It keeps client funds separate from its own funds in segregated accounts, meaning that it cannot use client money for its own operational purposes. This is especially important for traders who only want to open accounts with reputable providers. It also provides clients with negative balance protection, meaning that it cannot allow its traders’ balances to fall below zero. This is especially important for traders who are new to the financial markets and still learning about risk management.
Industry Awards
Amega has won 3 industry awards. These are Best New Forex Brand 2018, Dynamic Development 2018, and Opening Of The Year 2018.
Amega: Legit or Scam?
Amega is a legit forex broker. They have been providing trading services for several years and have a growing client base in Africa. They are registered with a well-known financial authority, apply good client fund safety measures, and have won awards for their trading services. In terms of their trading services, they offer multiple account options and a nice variety of trading instruments. They also have a good range of payment methods. In our opinion, they are a legit and reliable forex broker.
Trading Assets
Amega has a good variety of assets. You can choose from a wide range of trading instruments including forex, metals, energies, stocks, and indices.
Trading Instruments
- Forex: They offer access to many major, minor, and exotic currency pairs.
- Commodities: Amega lets you trade metals, crude oil, and natural gas.
- Stocks: They offer access to popular US stocks such as Alphabet and Apple.
- Indices: Amega lets you trade major US indices such as the S&P500.
Account Types
Amega offers a wide range of account options including a Live Account, a Live Bonus Account, Live MAX Account, and a Live Bonus MAX Account. There is also a Live Islamic MAX Account and a Live Islamic Bonus MAX Account.
On Amega Global, you can choose between:
- Live Account: This is Amega Global’s standard accounts. It comes with superb trading conditions and access to the MT5 platform. You can choose between Netting or Hedging.
- Live Bonus Account: This is Amega Global’s bonus account. It comes with competitive pricing and access to special promotions. You can choose between Netting or Hedging.
With Amega Markets, you have the option of:
- Live MAX Account: This is Amega Market’s standard accounts. It comes with high leverage and fast trade execution. You can choose between Netting or Hedging.
- Live Bonus MAX Account: This account is Amega Market’s bonus account. It comes with great trading conditions and access to special offers. You can choose between Netting or Hedging.
- Live Islamic MAX Account: This account is for Muslim clients looking for a swap-free trading account. It comes with good trading instruments. You can choose between Netting or Hedging.
- Live Islamic Bonus MAX Account: This account is for Muslim clients looking for a swap-free account and access to bonuses. You can choose between Netting or Hedging.
Demo Account
The Amega demo account is great for beginners who need more time to learn about the forex market and master some basic forex trading skills. It comes with similar trading conditions to the live accounts – with tight spreads and leverage of up to 1:1000. There is no minimum deposit as the trading is done with virtual capital. It is also worth noting that the demo account is only on MT5.
Islamic Account
Two of the Amega accounts are available as Islamic Accounts. These are the Islamic Max Account and the Islamic Max Bonus Account. You can choose this option when opening your online trading account.
PAMM Account
Amega does offer a PAMM service. PAMM accounts allow Nigerian traders to invest in trading strategies executed by experienced account managers. This service can be very helpful for new forex traders, as it means they can benefit from a fully-managed investment portfolio, as well as live investment updates.
Amega Registration – How To Open A Trading Account
As part of our Amega broker review, we looked at their online registration process. If you live in Nigeria, then you can open a trading account under the SVG-registered business entity. Signing up is easy. To get started, you need to go to their website, complete the form, and choose your preferred login details. Next, you need to take a quick test. This is so that they can see how much you know about online trading, and decide if their services are suitable for you. Lastly, you need to complete the KYC process, submit your documents, and choose your account type.
Amega Registration – How To Verify A Trading Account
As part of our Amega broker review, we looked at their account verification process. To open a live trading account you’ll need to show Amega a proof of ID and a proof of address. This is so that they can check your identity and verify your account. The account verification process is simple. You can provide copies of your National ID card, Passport or Driving License . You can also provide 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 Bonuses
If you’re looking for a good deal, Amega has a great selection of forex bonuses. Their promotions typically include welcome bonuses, deposit bonuses, cashback offers, and trading competitions. Their offers change regularly and they frequently add new offers to their website.
Amega Payment Methods
Amega offers 200+ payment methods including debit cards, credit cards, bank wire transfers, e-wallets, and cryptocurrencies. The payment process is very straightforward. You can also withdraw your funds using these same payment methods.
Amega Trading Platforms
Amega has one of the best online trading platforms in the industry – MetaTrader5. MetaTrader5 (MT5) is a great option for forex traders in Nigeria. It has a convenient setup with many built-in trading tools. As with MetaTrader4, you can use it to access all of your favourite markets. It has a simple, but modern interface. It also has a wide selection of trading tools including 6 order execution types, 38 indicators, and 37 analytical objects.
Trading Tools
Amega offers a small range of free trading tools. For example, you can trade using their analysis and news. Other brokers typically offer more options, but Amega still has enough tools for new traders to be able to navigate the markets successfully. They include:
- Market News -Their market news consists of a weekly market outlook. It summarises upcoming market opportunities across many markets. It also helps you find potential trades for forex, metals, and shares. As such, it makes analysing the markets and planning your weekly trades much easier.
- Technical Analysis – Their technical analysis helps you to understand market trends and to anticipate future price movements. It covers many popular instruments including forex, metals, shares, and indices. As such, it makes implementing strategies and managing trades much simpler.
- Economic Calendars – Their economic calendar helps you stay on top of market news. It covers all of the most important economic data releases from around the world. It also includes detailed explanations and forecasts of each data release. As such, it makes tracking news and predicting price movements much easier.
Education And Research
Amega offers free educational articles. These articles cover basic trading terminology and teach you the meaning of important terms such as pips, margin, leverage, and spreads. They also cover trading skills including market analysis, trading psychology, and risk management
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.
Amega Customer Support
Amega offers a high level 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.
Our Verdict
Amega is a reliable and trustworthy forex broker. The company was founded in 2018 and is now a well-known name in the forex industry. They provide easy account access, a rich assortment of trading resources, and fantastic customer support. They also provide a secure trading environment and a high level of client fund protection.
Amega values fair and transparent trading. When it comes to their trading services, they have built their account model around these values. They use a fair pricing model to ensure all Nigerian traders can benefit from great online trading conditions. They also offer a wide range of trading instruments and trading bonuses to ensure more Nigerian traders can get better access to the financial markets.
Amega also values education and support. When it comes to trading technology, they have a world-leading trading platform. They provide customers with helpful tools, analysis, and market news, enabling Nigerian traders to navigate the markets more successfully. They also provide free educational content and helpful articles to help more Nigerian traders progress with their trading journeys.
If you’re new to online forex trading and want to know where to start, or if you’re a seasoned Nigerian trader looking for a better platform to work with, check out Amega today. Either way, you won’t be disappointed.
Amega Forex Broker Review – FAQ
Yes, in our opinion, Amega is a good forex broker. The broker has a variety of different account types, some of which have low minimum deposits. They offer a nice selection of trading assets, including forex, stocks, commodities, indices, and metals. They also offer competitive trading conditions, including high leverage, tight spreads, and fast trade execution, enabling you to benefit from a good trading environment. In our opinion, they are a good forex broker and a great choice for traders in Nigeria.
Yes, Amega is a legit forex broker. They have been offering online trading services for several years and have a growing audience in Africa. They are registered with a well-known financial institution, apply strict safety measures, and have won awards for their trading services. In terms of their products, they have a good selection of trading instruments and trading bonuses. They also have a good range of payment methods, as well as fast withdrawals. In our opinion, they are a legit forex broker and a great choice for traders in Nigeria.
Yes, Amega in Nigeria is a registered forex broker. Amega is registered in St. Vincent and the Grenadines. The broker is incorporated IBC by the Registrar of International Business Companies. As an SVG-registered broker, they have less regulatory requirements than other regulated brokers. However, they still implement strict security and client fund safety protocols. As such, they are a reputable broker.
Amega in Nigeria is a good forex broker. They have great trading bonuses, helpful trading tools, and sophisticated trading platforms. They have great learning materials, helpful customer support, and good client fund security. However, if you want to look at alternative options, there are many other great forex brokers as well. We recommend looking at HotForex, FXTM, FXPro, FXPrimus, and Instaforex.
Yes, Amega in Nigeria is a safe forex broker. When it comes to fund safety, they choose to go beyond their minimum regulatory requirements, and provide good client fund security measures. This means that they value their clients and want to help them trade safely. Amega keeps all client funds in segregated accounts, separate from its operating capital. This means that they do not use client money for their own operational needs. In our opinion, Amega is a safe forex company.
Yes, Amega in Nigeria is good for beginners. The Amega trading accounts come with good trading conditions, low minimum deposits, and fair pricing. They also come with a nice range of trading resources and educational materials. For example, beginner traders, who may need more help with their trading, can access a library of trading articles. This will give them access to expert insights and increase their chances of trading profitably.
Ready to get started? To open an online trading account with Amega, sign up here.
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 in Nigeria. Here are some similar brokers.
Looking for more options? Take a look at more of our forex broker reviews.