AM Markets claims to be a Canadian-based trading firm. As such, it must be regulated by the local authorities or IIROC, the Canadian Forex license provider.
Our detailed AM Markets review will give you all the details about the firm, from licensing to trading terms. Don’t miss out.
AM Markets is allegedly owned by Advanced Management Capital Limited. The brokerage gave us its MSB number and claimed it holds a Canadian license.
To be a legitimate brokerage firm, we would need an AM Markets regulation with an Investment Industry Regulatory Organization of Canada. IIROC is in charge of issuing Forex licenses and setting up general trading rules. For example, this authority limits leverage to 1:50, while AM Markets offers up to 1:500.
Additionally, we were unable to find a connection between Advanced Management Capital Limited and AM Markets. Even if connected, this firm has no valid license to offer trading services.
Another confusion is that the website’s default language is Chinese, which doesn’t make sense if the firm is based in Canada.
AM Markets is a Canadian-registered trading broker without a license. The company has registered its business with FINTRAC but didn’t obtain a regulation by authorities.
Besides the alleged Canadian license, this company claims to be regulated in multiple jurisdictions. Trading terms depend on the entity you register with. The Capital Security section describes that the brokerage has a compensation fund in the UK, ready to reimburse clients up to 80,000 GBP per account.
However, we’ve checked the FCA register and couldn’t find AM Markets. Furthermore, the FSCS compensation fund offers up to 85,000 GBP, so we can only assume that someone didn’t do due diligence before building a fake AM Markets reputation.
According to our research, this brokerage mainly targets the following countries:
Each of these has Tier 1 regulators with strict rules in place. Since AM Markets follows none, it’s clear that this company cannot offer legitimate services anywhere.
If there’s one good thing in this review, that’s the AM Markets trading platform. The company offers access to MT4, an older version of MetaTrader. It’s a terrific software with millions of downloads on both mobile and desktop versions.
Each MetaTrader 4 brings a large number of trading tools, including many analytical ones. You can research the market in-depth and find the best trades. Additionally, you can use social and automated trading features to avoid market research on your own. Instead, you can let other investors or robots do it for you.
Every MT4 comes with a dedicated mobile app. You can use it on any device, whether Android or iOS-based. You will keep the same functions while having a convenient login option through your mobile.
This investment firm offers a rather limited choice of tradable assets. You can choose between:
Shares and cryptocurrencies are not on offer, which we find somewhat limiting.
This broker didn’t bother much to tell us about the trading terms. The platform told us that the spread starts at 2.2 pips for EUR/USD pairs. Other than that, we have no information about commissions or swaps you will have to pay.
Another thing we’re missing is a list of AM Markets account types. The company says you must open a live account, upload the documents, log in to CRM, and start trading.
Yet, we haven’t seen any account types or minimum deposits. From what it seems, you will have to wait for a sales call to understand how much you will need to pay.
You can test AM Markets Demo account through their MT4 platform. You can download the software, register an account, and test your strategies.
However, it’s unclear how long you can practice trading. In some cases, brokers set a limit of two weeks or one month, forcing you to upgrade to a Live account after. AM Markets broker remains cryptic, as is the case with all other questions.
There are two viable payment options for AM Markets withdrawal:
What’s more, the company claims that they’re obligated to charge you a fee of 2.5% according to AML laws. As you can guess, this is a notorious lie, as AML is a law against money laundering, not for charging customers.
Everything you hear and read with the AM Markets broker is under a big question mark. We’re surprised that regulators didn’t react yet, but we hope that our review and your story will push them into action.
If you lose your money with AM Markets, don’t despair. Scams can happen to anyone. It’s important how you deal with it later on.
Book a free consultation with our chargeback experts, and let us evaluate your case. That way, we can find a way to help you with the recovery. You’re not alone; Global Fraud Protection is here.
AM Markets is not a legitimate broker. If you invested money and have any issues, we might be able to assist you with a refund.
Yes, AM Markets provides a solid trading platform – MT4.
Yes, AM Markets does offer its customers a risk-free Demo account through the MT4 terminal.
AM Markets is not a legitimate broker. If you invested money and have any issues, we might be able to assist you with a refund.
Yes, AM Markets provides a solid trading platform – MT4.
Yes, AM Markets does offer its customers a risk-free Demo account through the MT4 terminal.
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