Overall Rating: ★★★☆☆ (3.4/5.0)

Amega is an offshore forex and CFD broker founded in 2018 that promotes zero-commission trading, no minimum deposit, and instant withdrawal processing. Designed to appeal to beginner and intermediate traders, Amega provides access to MetaTrader 5, offers high leverage, and supports cryptocurrency-based accounts. While its flexible trading conditions are attractive, its lack of tier-1 regulation may be a concern for cautious investors. This Amega review breaks down the platform’s key offerings, strengths, and potential red flags.

Key Features

Amega delivers a beginner-friendly trading environment with simplified access and funding options.

• Trading Platform: Supports MetaTrader 5 (MT5) for desktop, mobile, and web use.
• Asset Classes: Trade forex pairs, indices, energies, metals, cryptocurrencies, and stocks.
• Account Types: Offers Cent, Standard, Premium, Swap-Free, and Crypto accounts with floating spreads.
• Leverage: Up to 1:1000, adjustable per account type.
• Copy Trading: Built-in Social Trading feature allows users to follow professional traders automatically.

Regulation and Security

Amega is an offshore broker registered in St. Vincent and the Grenadines, a common jurisdiction for lightly regulated forex firms.

• Regulator: Operates under Amega Ltd, registered with the Financial Services Authority (FSA SVG) – not a licensing authority.
• Client Funds: Claims to use segregated accounts, though no independent audit is provided.
• Security Measures: SSL encryption and secure client portal, but lacks multi-factor authentication.
• Investor Protection: No FSCS-style protection or oversight from top-tier bodies like the FCA or ASIC.

Pricing and Costs

Amega offers a commission-free model across all accounts, relying on spreads to generate revenue.

• Spreads:
  • Standard Account: From 1.4 pips
  • Premium Account: From 0.9 pips
  • Cent Account: From 1.6 pips (ideal for small-volume traders)
• Commissions: Zero commission on all accounts.
• Deposit & Withdrawal Fees: No internal fees; crypto and fiat methods supported.
• Minimum Deposit: $0 minimum — accessible to all traders.
• Inactivity Fees: Not charged.

Educational Resources and Customer Support

Amega provides basic education, mainly suitable for beginner-level traders.

• Education Centre: Includes articles, platform guides, and trading tips; no structured video courses or webinars.
• Market Insights: Some news updates and market summaries, but not updated frequently.
• Customer Support: Available 24/5 via live chat, email, and contact form.
• Multilingual Support: Offered in English, Spanish, Arabic, Russian, and more.

Risk Management Tools

Amega includes all essential risk management functions via its MT5 platform.

• Order Controls: Supports stop-loss, take-profit, pending orders, and trailing stops.
• Customisable Leverage: Users can adjust leverage within the client area.
• Margin Call/Stop-Out: Margin call at 100%, stop-out at 50%.
• Swap-Free Options: Islamic accounts available upon request.

Pros and Cons

Pros

• Zero commission with tight spreads
• No minimum deposit required
• Social trading and copy trade support
• Supports crypto deposits and crypto-based accounts
• MT5 access with high leverage

Cons

• No tier-1 regulation — offshore registration only
• Limited education and research tools
• No investor protection fund or external audit
• No MetaTrader 4 (MT4) support

Conclusion: Is Amega the Right Choice?

Amega is a cost-effective, easy-access broker well suited for beginners looking to start trading forex and CFDs without a large deposit. With zero commissions, crypto support, and copy trading features, it delivers flexibility and accessibility. However, its lack of strong regulation, minimal transparency, and basic education tools make it less suitable for serious or long-term investors.

If you’re looking for a low-barrier entry point into trading with social features, Amega could work — but trade cautiously and withdraw profits regularly.