AM Broker
Pros and Cons
Pros
- Diverse trading instruments: forex, commodities, indices, stocks, and cryptocurrencies
- Access to popular trading platform: MetaTrader 4
- Competitive pricing with low spreads and no commission on select accounts
- 24/5 multilingual customer support available
- Flexible account types including retail, professional, and Islamic accounts
Cons
- Not regulated by any recognized financial authority
- High minimum deposit requirement of $50 for retail accounts
- Lack of specific fund protection measures for client funds
- Limited transparency regarding fees and withdrawal processes
- Mixed customer feedback regarding support and withdrawal delays
Basic Information
User Reviews
AM Broker Overview
AM Broker, officially known as AM Globe Services Ltd, was established approximately 5-10 years ago and is headquartered in Saint Vincent and the Grenadines. This forex broker offers trading services through a platform that provides a range of financial instruments, catering to both retail and institutional clients. While the broker operates in a competitive online trading landscape, it is essential to note that it does not possess regulatory oversight from major financial authorities, which can be a critical factor for potential traders assessing the broker’s credibility and trustworthiness.
The core offerings of AM Broker include a diverse array of trading instruments such as forex, commodities, and indices. The broker claims to provide access to popular trading platforms, enhancing the trading experience with features like advanced charting tools and fast execution. Customer support is available 24/5 in multiple languages, ensuring clients receive assistance when needed. AM Broker distinguishes itself with competitive pricing and a user-friendly interface, appealing to traders seeking efficiency and reliability in their trading activities. Overall, AM Broker aims to deliver a comprehensive trading experience tailored to the needs of its clients, despite the absence of regulatory backing.
Is AM Broker Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| None | Saint Vincent and the Grenadines | No specific fund protection measures |
Is AM Broker Regulated and How Are Client Funds Protected?
The broker AM Broker is not regulated by any recognized financial authority. This lack of regulatory oversight raises concerns regarding the safety of client funds. Trading with an unregulated broker like AM Broker poses inherent risks, as there are no established investor protection mechanisms in place. Without regulatory backing, clients may face a higher potential for fraud or mismanagement of funds. Therefore, potential traders should be cautious and consider these risks before engaging with AM Broker.
Trading Products and Services
What trading instruments does AM Broker offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs (e.g., EUR/USD, GBP/JPY) | 60+ |
| Commodities | Gold, Oil, Silver, and more | Varies |
| Indices | S&P 500, NASDAQ, DAX | 19 |
| Stocks | US Stocks (e.g., Apple, Amazon), UK Stocks (e.g., BP) | 10,000+ |
| Cryptocurrencies | Bitcoin, Ethereum, Ripple | Varies |
AM Broker offers a diverse array of trading instruments across multiple asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This extensive selection caters to various trading styles and preferences, allowing beginners and experienced traders alike to engage with the markets effectively. With over 60 forex pairs, thousands of stock options, and popular commodities, traders can implement diverse strategies and achieve portfolio diversification. The broker’s focus on providing a user-friendly interface and competitive pricing enhances the trading experience, making it suitable for those looking to trade in dynamic markets.
Account Types and Trading Conditions
What Account Types and Fees Does AM Broker Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and individual traders | Low spreads, no commission on forex and metals | Suitable for small-capital practice |
| Professional Account | Experienced traders | Tighter spreads, commissions apply | Requires higher trading volume qualifications |
| Institutional Account | Corporate clients and institutional investors | Customized services, high trading limits | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free options | Complies with Sharia law | Available for all account types |
| Demo Account | New traders and those wanting to practice | Risk-free trading with virtual funds | Not suitable for real profit withdrawals |
Account Opening Process
To open an account with AM Broker, potential clients must follow these steps: first, they need to visit the AM Broker website. Next, they should select the type of account they wish to open. After that, they will fill out a registration form, providing personal, employment, and financial information. Identity verification is required, which includes submitting identification documents and proof of address. It’s important to note that clients have the flexibility to upgrade to a professional account later if their trading volume qualifies.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Variable | $0 (for Retail Accounts) | Low spreads and no commission apply |
| Forex (Minor Pairs) | Variable | Variable | Spreads and commission vary by account type |
| CFDs (Stocks, Indices, Commodities) | Variable | Varies by instrument | Commissions apply for Professional Account |
| Cryptocurrencies | Variable | Variable | Depends on market conditions |
Other Fees
AM Broker may impose several other fees, including: deposit and withdrawal fees depending on the payment method, inactivity fees for dormant accounts, and potential currency conversion fees for transactions in different currencies. Furthermore, overnight interest (swap rates) may apply to positions held overnight, which is relevant for all account types. It’s advisable to review the specifics of these costs before trading.
Trading Platforms and Apps
What Trading Platforms and Apps Does AM Broker Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | 128-bit encryption, one-click trading, customizable alerts, multiple order types, technical indicators | Demo accounts, VPS for EAs |
| Web Version | Any device with a web browser | Real-time market data, secure login, basic charting tools | None |
| Mobile App | iOS, Android | Push notifications, market alerts, simplified trading interface | None |
AM Broker provides a range of trading platforms to suit different trader preferences. The MetaTrader 4 platform is particularly notable for its extensive features, including customizable charts and one-click trading, making it suitable for both novice and experienced traders. The web version offers convenience for traders who prefer not to download software, while the mobile app supports trading on the go with real-time alerts and notifications. Overall, AM Broker ensures secure trading environments and a user-friendly experience across all platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min $100, Max $10,000/day | USD, EUR |
| Credit/Debit Cards | Instant | No platform fee | Min $50, Max $5,000/transaction | USD, EUR |
| Cryptocurrency | Instant | No platform fee, but blockchain fees may apply | Min $20, Max $15,000/day | BTC, ETH |
| E-wallets (e.g., Skrill, Neteller) | Instant | 1.5% charge | Min $10, Max $3,000/transaction | USD, EUR |
Minimum Deposit
AM Broker requires a minimum deposit of $50 for retail accounts. This amount is consistent across all payment methods, ensuring accessibility for both new and experienced traders.
How to Withdraw
To withdraw funds from your AM Broker account, follow these steps:
- Log in to your AM Broker account.
- Navigate to the ‘Withdrawal’ section in the account dashboard.
- Select your preferred payment method.
- Enter the withdrawal amount and confirm the transaction.
- Complete any necessary verification steps as prompted.
- Submit your withdrawal request and await processing.
Customer Support
AM Broker Customer Support Overview
Support Channels
AM Broker offers multiple contact methods for customer support, ensuring traders can easily reach out for help. The main support channels include:
- Email: Clients can contact support at info@ambroker.com, with additional regional email addresses for Vietnam and Indonesia.
- Live Chat: Available through the AM Broker website for real-time assistance.
- Telephone: Customers can call +44 20 36 704 699 for support, with a dedicated number for Chinese (simplified) speakers at +44 2036704699.
- Social Media: AM Broker maintains a presence on platforms like Facebook for additional support and engagement.
Service Availability
The customer support team at AM Broker is available 24 hours a day, five days a week. They offer support in multiple languages, including English and Chinese, ensuring that clients from various backgrounds can receive the assistance they need.
Additional Resources
AM Broker also provides educational resources to enhance the trading experience. This includes video tutorials and online courses that help traders improve their skills and market understanding.
Frequently Asked Questions
AM Broker is not regulated by any recognized financial authority. This lack of regulatory oversight raises concerns regarding the safety of client funds, as there are no established investor protection mechanisms in place. Potential traders should consider this risk before engaging with AM Broker.
AM Broker offers several account types, including Retail Accounts for beginners, Professional Accounts for experienced traders, Institutional Accounts for corporate clients, Islamic Accounts for traders seeking swap-free options, and Demo Accounts for practice without risk. Each account type has unique features and suitability for different trading needs.
AM Broker provides the MetaTrader 4 (MT4) platform, which supports multiple devices including Windows, macOS, iOS, and Android. It features advanced tools like one-click trading, customizable alerts, and technical indicators. Additionally, AM Broker offers a web version and a mobile app for convenient trading.
AM Broker offers customer support through multiple channels, including email, live chat, and telephone. Support is available 24 hours a day, five days a week, in multiple languages. The team also provides educational resources such as video tutorials and online courses to enhance the trading experience.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.