When you’re choosing a broker, there are numerous things to consider: the most crucial aspect of any financial service is its reliability, but you should also compare fees, conditions, and additional features to find the best one. Novice traders usually pay attention to one more aspect: minimum deposit, or the amount of money you need to invest up front to start trading. In this article, Traders Union analysts analyze the trading conditions offered by AMarkets and tell you about its deposit requirements.
Founded in 2007, AMarkets is a reliable and well-regulated broker especially well-known in Europe. It has the reputation of a technologically advanced brokerage service focused on professionals, but that doesn’t mean it can’t be useful for beginner traders as well. There are several features that can attract a novice Forex trader who actually wants to make money: for example, you can find a short yet useful educational course covering the basics of Forex trading here.
We are not going to get into in-depth analysis of AMarkets’ trading conditions here (you can find a full review in this Traders Union article), but you should still know the basic facts about the broker. It has a leverage rate of up to 3000:1 for most accounts, but the majority of traders use Standard ones: they’re suitable for just about any trading strategy. Novice traders may also benefit from Demo accounts: they allow you to trade with virtual money without risking any real funds.
AMarkets allows you to choose between MetaTrader 4 and MetaTrader 5 trading platforms, and that’s suitable for most traders. But you should know that AMarkets has relatively high fees for most account types, and there are also withdrawal fees that can reach 4% of the transaction amount. However, you don’t have to pay any deposit fees, and there are no hidden commissions here. And now, let’s find out the requirements for AMarkets minimum deposit amounts.
About deposit limits
AMarkets is mostly focused on experienced traders, so it doesn’t want to attract too many traders with low deposit limits. You need to invest at least $100 to start trading on any account, but that’s relatively modest requirements compared to some other major brokers who sometimes require $200 or $500. It also allows you to make more profits as well, according to Traders Union surveys.