Risk Warning
Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.
General Information
What is AmazingTrick？
AmazingTick is a trade name of Rupex Limited, a company incorporated under the laws of Saint Vincent and the Grenadines, with company number 25397 BC 2019. It offers trading services in various market instruments, including Forex, Metals Indicies, Commodities. However, it is important to note AmazingTrick currently has no valid regulations.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
AmazingTrick Alternative Brokers
There are many alternative brokers to AmazingTrick depending on the specific needs and preferences of the trader. Some popular options include:
OANDA- OANDA is a reputable broker with a user-friendly platform, competitive spreads, and access to a wide range of markets, making it a popular choice for both beginner and experienced traders.
CMC Markets- CMC Markets is a trusted broker known for its advanced trading platforms, extensive research tools, and competitive pricing, making it a preferred choice for traders seeking comprehensive market analysis and execution capabilities.
IronFX- IronFX is a reliable broker offering a diverse range of trading instruments, multiple platform options, and strong customer support, making it suitable for traders looking for a comprehensive and customizable trading experience.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Is AmazingTrick Safe or Scam？
AmazingTrick currently has no valid regulation. When a brokerage operates outside the regulatory boundaries or has an abnormal regulatory status, it suggests a lack of oversight and compliance with industry standards. This can increase the risks associated with trading, including the potential for fraudulent activities or the inability to seek legal recourse in case of issues or disputes.
Besides of this, a report of closing trader's account and withdrawing the profit without notice raises concerns about the company's reliability and customer support.
Market Instruments
AmazingTrick offers a diverse range of market instruments across various asset classes, providing traders with multiple options for investment and trading opportunities. One of the key markets available on the platform is Forex, where users can trade major currency pairs, such as EUR/USD, GBP/USD, and USD/JPY, as well as numerous minor and exotic currency pairs. The Forex market is the largest and most liquid financial market globally, making it an attractive choice for both beginner and experienced traders.
In addition to Forex, AmazingTrick allows users to trade Metals, including popular options like gold and silver. Metals are often sought after for their perceived value and as a hedge against inflation or market volatility. By offering access to metals trading, AmazingTrick provides an avenue for traders to diversify their portfolios and take advantage of potential price movements in these assets.
The platform also facilitates trading in Indices, allowing traders to speculate on the performance of stock market indices from around the world. Indices represent a basket of stocks and provide a snapshot of the overall market sentiment or performance of specific industries or regions. With AmazingTrick, traders can potentially capitalize on both rising and falling trends in global indices, such as the S&P 500, FTSE 100, or Nikkei 225.
Commodities trading is another market segment available on AmazingTrick. Commodities include resources like oil, natural gas, agricultural products, and more. These tangible assets often have intrinsic value and are subject to supply and demand dynamics. Traders can participate in commodity trading through various derivative instruments, enabling them to speculate on price movements and potentially profit from market fluctuations.
By providing access to Forex, Metals, Indices and Commodities, AmazingTrick caters to a broad spectrum of traders, offering them the flexibility to choose and trade across different asset classes based on their preferences, market analysis, and trading strategies.
Accounts
AmazingTrick offers two types of trading accounts: Standard Account and Professional Account. This broker does not reveal info on the minimum deposit reuqirement for each account type.
The Standard Account is designed for retail traders and offers a user-friendly trading experience. It is suitable for beginners or those who prefer a straightforward approach to trading.
The Professional Account is tailored for experienced traders who require advanced trading features and enhanced trading conditions. To qualify for a Professional Account, traders generally need to meet specific criteria set by the broker, such as meeting certain trading volume or experience requirements.
Leverage
AmazingTrick provides traders with a maximum leverage of 1:1000. With a leverage ratio of 1:1000, traders can multiply their trading capital by up to 1000 times. The provision of 1:1000 leverage can be appealing to traders seeking the potential for enhanced returns. However, it is essential to approach high leverage with caution, ensuring that it aligns with one's risk tolerance and trading strategy. Traders should carefully consider their financial situation and skill level before utilizing such high levels of leverage, as it carries both the potential for increased profits and increased risks.
Spreads & Commissions
The Standard Account offers a spread starting from 1.6 pips. By offering a starting spread of 1.6 pips, AmazingTrick aims to provide traders with relatively tight pricing conditions, allowing for potentially better entry and exit points in the market. Additionally, it is mentioned that there are no commissions associated with the Standard Account, indicating that traders are not charged an additional fee per trade.
The Professional Account offers a spread starting from 0 pips. It's important to note that the Professional Account comes with a commission charge of $5 per round-turn lot. A round-turn lot refers to the opening and closing of a complete trade position.
Below is a comparison table about spreads and commissions charged by different brokers:
Please note that these values are approximate and may vary depending on market conditions and the type of account you have with each broker. It's always recommended to check with the respective brokers for the most up-to-date and accurate information on spreads and commissions.
Trading Platforms
AmazingTrick provides traders with the popular MetaTrader 4 (MT4) trading platform which is available on for Windows, Mac, and Android devices. MT4 is a popular and widely recognized trading platform known for its user-friendly interface and robust features. It provides traders with access to a range of financial instruments, including Forex, indices, commodities, and more. MT4 offers advanced charting capabilities, technical analysis tools, customizable indicators, and the ability to automate trading strategies using Expert Advisors (EAs). Traders can also execute trades, manage orders, and monitor market conditions in real-time using MT4.
Deposits & Withdrawals
This broker accepts credit card payments, including Visa and MasterCard, for both deposits and withdrawals. Credit card payments can offer a convenient and widely accepted method for funding a tradig account and withdrawing funds. It allows traders to make transactions quickly and securely, providing flexibility in managing their trading capital. It's important for potential clients to review the specific details and terms provided by AmazingTick regarding the deposit and withdrawal process, including any potential fees or limitations associated with credit card transactions.
User Exposure on WikiFX
On our website, you can see that a report of withdrawing after profit. Traders are encouraged to carefully review the available information. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Customer Service
24/5 online messaging or email: support@amazingtick.com.
Conclusion
AmazingTrick is an online trading platform offering a range of financial instruments, including Forex, Metals, Indices and Commodities. The platform caters to both retail and professional traders, providing them with access to competitive spreads, high leverage options, and the popular MetaTrader 4 (MT4) trading platform. No commission for the Standard account, AmazingTrick aims to offer a user-friendly trading experience. It provides multiple deposit and withdrawal methods, including credit card payment. However, it is important to note that AmazingTrick currently lacks valid regulation, and there have been reports of issues related to withdrawal and potential scams associated with the platform.
Frequently Asked Questions (FAQs)
