What is AM Broker？
AM Broker is an online broker registered in Hong Kong. It is regulated by the Australian Securities & Investment Commission (ASIC) and offers a wide range of trading instruments, including forex, stocks, cryptocurrencies, CFDs, metals, indices, and commodities. The broker provides a demo account, leverage up to 1:1000, and tight spreads starting from 0.0 pips on EUR/USD. It offers the popular MT4 trading platform and provides customer support via phone, email, address, live chat, and social media.
Pros & Cons
Is AM Broker Safe or Scam？
The AM Broker is a regulated financial firm in Australia. It is licensed under the supervision of the Australia Securities & Investment Commission (ASIC). The license number is 001311143, and the regulated institution is ATOM.
Market Instruments
AM Broker offers a broad range of market instruments.
For Forex trading, it allows traders to access over global currency markets with over 60 pairs, predicting the value changes of various currency pairs. The offering of stock trading opens the door to equity markets globally, providing opportunities for investment in a diverse range of companies. Cryptocurrency trading enables traders to invest in booming digital currency markets like Bitcoin and Ethereum.
Contracts for Differences (CFDs) are also available, allowing speculation on various underlying assets without ownership. For those interested in commodities, trading in precious and industrial metals, along with Indices and other essential commodities, are provided as options.
Accounts
AM Broker presents its traders with two primary account options - a demo account and a live account.
The demo account is a practical tool for traders, offering a risk-free environment to experiment with trading strategies and get familiar with the trading platform.
Their live account, unlike the demo account, involves real money and real trading. It requires a minimum deposit of $100, making it relatively accessible to a wide range of traders.
Leverage
In the world of trading, leveraging can be a powerful tool, and AM Broker strongly reinforces this by offering leverage up to an impressive 1:1000. Anyhow, the provision can potentially magnify the earning potential for their traders as it allows them to trade significantly more money than they initially deposit. Such leverage can provide opportunities to make larger profits on successful trades.
However, it also carries an equally high level of risk as losses can be equally magnified, which traders should carefully consider. Thus, while AM Broker' leverage offering appears attractive, it should be approached with caution and a comprehensive understanding of the associated risks.
Spreads & Commissions
AM Broker offers a competitive starting point for spreads, beginning as low as 0.0 pips, which could potentially lead to lower costs of trading for the users. The smaller the pip spread, the less the price needs to move in a trader's favor before they start making a profit, which is an evident advantage.
However, precise details about commissions are unavailable at this time. It is advised that traders get in contact with AM Broker directly to garner accurate information on commissions, to fully understand the cost structure and assess the overall profitability potential while trading with them.
Trading Platforms
AM Broker embraces technological convenience by offering MetaTrader 4 (MT4), one of the leading trading platforms, accessible across various devices and platforms.
For Windows users, MT4 can be easily downloaded and installed from AM Broker's official website. Furthermore, it extends its accessibility to mobile users as well. For those using Apple devices, the MT4 app is available on the App Store, while for Android users, the app may be found on Google Play.
Deposits & Withdrawals
AM Broker, as purported by the broker, offers various methods for transactions, eager to make the processes of depositing and withdrawing funds as convenient as possible for their clientele. However, as of now, the detailed information about what specific payment methods they accept is not readily available on their website. This might be a cause of concern for some potential traders who prefer knowing about the flexibility and versatility of the payment options beforehand.
Customer Service
AM Broker provides various customer service options to assist its clients in different areas. Customers can reach out to AM Broker through the channels to address their queries and concerns as below:
Phone: +852 3069 6811
Email: support@am-broker.com.
Address: FLAT 5, 16/F, HO KING COMMERCIAL CENTRE, 2-16 FA YUEN STREET, MONG KOK, KOWLOON, HONG KONG.
In addition to traditional modes of communication, AM Broker also offers customer support through live chat, ensuring a responsive and accessible service experience for their clients.
Furthermore, the broker claims to offer social media such as Facebook, Twitter, Linkedin and Instagram, however, the links skip to nothing when click.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
