10 years of helping traders like you become better.

Amega – Forex Broker Review 2022

About Amega

Amega is an established online trading broker. It has high leverage, tight spreads, low trading costs, and fast execution. Amega also has lots of great promotions. It offers a 150% welcome bonus for new clients, and a further 100% deposit bonus for existing clients. It also runs trading contests and gives traders the chance to win trading funds.

Key Benefits

Regulation

Amega is registered in St Vincent and the Grenadines. While this means that Amega has less formal regulatory requirements, it is still a highly reputable company offering a great level of client fund protection. For example, they use segregated account and many other important security measures. As such, they still offer a great service and a secure trading environment.

Trading Platforms

Amega has one of the best online trading platforms in the industry – MetaTrader5.

MetaTrader5

MetaTrader5 (MT5) is also 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. As such, it has more functionality than MetaTrader4. That said, it it still very for new forex traders to use.

Trading Instruments

It offers a wide range of trading instruments including forex, metals, energies, stocks, and indices.

  • 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 Alphapet and Apple.
  • Indices: Amega lets you trade major US indices such as the S&P500.
Amega Banner

Account Types

Amega offers a wide range of account options including their Premium, Standard, and Scalper accounts. All of these accounts come with a leverage of 1:1000.


Spreads

Instruments

Minimum Deposit

Max. Leverage

Commission

Premium

From 0.4 pips

70+

$1000

1:1000

N/A

Standard

From 0.8 pips

70+

$0

1:1000

N/A

Scalper

From 0.0 pips

70+

$0

1:1000

N/A

Standard Accounts

This is their best trading account for new traders. It has the lowest minimum deposit which makes it a great choice for traders who are starting out with less capital. This account also comes with tight spreads and low commission. It also comes with high leverage of up to 1:1000 on forex. The Amega minimum deposit for this account is $0. It is worth nothing that this account is only available on MT5.

Premium Accounts

This is their best choice for intermediate traders. It comes with floating spreads that start from 0.4 pips. It also comes with high leverage of up to 1:1000. The minimum order size is 0.1 lots. There are no fees on forex, shares, metals, indices, or US stocks. The minimum deposit for this account is $1000. It is worth nothing that this account is only available on MT5.

Scalper Accounts

This is their best choice for intermediate traders. It comes with floating spreads that start from 0.8 pips. It also comes with high leverage of up to 1:1000. The minimum order size is 0.1 lots. There are no fees on forex, shares, metals, indices, or US stocks. The minimum deposit for this account is $0. It is worth nothing that this account is only available on MT5.

Demo Account

The Amega demo account is great for beginners who need to time to learn about the 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.

Deposits & Withdrawals

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.

Fund Safety

Amega keeps client funds in segregated bank accounts. This means that it keeps client funds separate from its own funds and that it doesn’t use client funds for operational purposes.

Trading Tools

Amega offers free resources including technical analysis, market news, and an economic calendar.

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 analyzing 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.

Amega Banner

Education

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.

Extra Trading Services

For more advanced traders, Amega offers PAMM trading services.

Industry Awards

Amega has won 3 industry awards. These are Best New Forex Brand 2018, Dynamic Development 2018, and Opening Of The Year 2018.

Documents

To open an online trading account, you will need to provide Amega with certain documents. These include a proof of ID and a proof of address.

Amega Customer Support

Amega prides itself on its high level of customer service. Their Customer Service Team is available from 07:00 until 14:00, Monday to Friday. You can contact them via live chat, email, or phone.

Conclusion

Amega is a trustworthy broker with a great reputation within the forex industry. It has great account options, excellent trading conditions, and powerful trading platforms. It also has helpful trading resources, a generous bonus plan, and a fun selection of trading contests. As such, it could be a good choice for more experienced traders.

Ready to get started? To open an online trading account with Amega, sign up here.