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Forex broker AmigaFX

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Review of AmigaFX

AmigaFX-Broker Review

AmigaFX is a Forex broker related to eToro which offers a web based platform and the possibility to trade with Forex, commodities like gold, silver and oil and various stock indices. This company has various solutions of Forex social trading for its clients, including an application called AmigaFX Openbook.


Type of broker

AmigaFX is a Market Maker broker.


Regulation

AmigaFX is a trademark of eToro Group, a Forex broker which is properly registered and regulated by the CySEC (Cyprus Securities Exchange Commission) of Cyprus.


Country of origin

The main offices of AmigaFX are located in Cyprus.


Trading Instruments

The clients of this broker can trade in the market with the following financial instruments:

  • Forex market: 16 currency pairs in the spot market, from the most important such as the EUR/USD, USD/JPY and GBP/USD to other more exotic like the USD/ZAR.
  • Commodities: Gold, silver and oil in the spot market.
  • Stock Indices: 5 of the most important stock indices in the market including the S&P 500, FTSE 100 and Dow Jones among other.

Trading Accounts

AmigaFX offers five types of trading accounts designed for traders with different profiles. These accounts have the following characteristics:

  • Bronze Account: It is a trading account created for beginners traders with little experience in the market. It requires a minimum deposit of $50 and offers various services like weekly market analysis,  access to a chat room for traders and the possibility to participate in a trading contest.
  • Silver Account: These trading accounts are designed for more experienced traders and require a minimum deposit of $1,000. The Silver accounts offer various services such as weekly market analysis, access to a chat room for traders, the opportunity to participate in a trading contest, an account manager and access to a trading course on the Forex market.
  • Gold Account: This is  type of account created for professional traders with extensive experience in the market which requires a minimum deposit of $5,000. These accounts offer various services such as weekly market analysis, access to a chat room for traders, the opportunity to participate in a trading contest, an account manager, access to a trading course on the Forex market, free trading signals, faster withdrawals, phone access to the trading room of the company, daily market analysis and a welcome bonus of 10% on the initial capital deposited.
  • VIP Account: It is a type of account designed for professional traders and big investors which requires a minimum deposit of $ 20,000. VIP accounts offer various services like weekly market analysis, access to a chat room for traders, the possibility to participate in a trading contest, an account manager, access to a trading course on the Forex market, free trading signals, faster withdrawals, phone access to the trading room of the company, daily market analysis, a welcome bonus of 10% on the initial capital deposited and an optional program of reimbursement.

Demo Accounts

It offers a demo account with no limit of time.


Trading Platforms

This broker offers two trading platforms with the following features:

  • AmigaFX WebTrader: This is an online trading platform which requires no download or installation and is based on the platform of the broker eToro. This application is characterized by a simple  and user friendly interface, which is ideal for novice traders as experienced traders in the market. It has various trading tools including updated quotes, price charts, updates  news  and management tools for open positions. This platform provides access to a live chat in which can participate all customers of this broker. It also offers a complete history of transactions.
  • AmigaFX Openbook: It is a social network for traders (it is similar to eToro Openbook) which serves as a means to contact traders worldwide and as an automated trading platform that allows real-time monitoring of the trades of any trader who has an account with AmigaFX and that is enrolled in AmigaFX Openbook. In this case, the trader can see the trades performed by other investors and also can copy these trades automatically, so that the transactions made by the selected traders become trading signals which are executed on the clients platform without need for their intervention.

Payment Options

The client of AmigaFX can deposit and withdrawl funds through Bank Wire Transfer, Credit Cards (the most important like VISA and Maskercard), Paypal, Skrill (Moneybookers) and Neteller.

 

The deposits can be made in USD, GBP and EUR.

 


Main Advantages of AmigaFX

  • AmigaFX is associated with eToro Group company, which is regulated by the CySEC in Cyprus and has years of experience operating in the forex market.
  • This broker offers to its customers regular bonuses by opening trading accounts and deposit funds.
  • The trading platform is an online application which is characterized by a user friendly interface which is ideal for beginners traders.
  • AmigaFX offers specialized services for VIP clients.
  • Through the trading platform, the client can access a chat in which can participate any trader with an account on AmigaFX. This chat allows to exchange different opinions and analysis about the market of hundreds of market traders operating with this broker.
  • For customers who have a Silver, Gold or VIP account, this broker offers a personal account manager whose role is to guide them from the time of account opening.
  • AmigaFX offers a trading signals service for customers with Gold and VIP accounts.
  • The clients of this broker has access to daily and weekly analysis conducted by market experts.
  • This broker offers a weekly trading contest for live accounts with cash prizes for the first 100 places.
  • This company offers the opportunity to earn money by promoting its services as a broker through an affiliate program called AmigaFX Partners.

Main Offers of AmigaFX

AmigaFX offers regular bonuses for new and regular clients that deposint funds in their trading accounts. The current promotions of this broker are the following:

  • Deposit from $100-$399: Bonus of $25.
  • Deposit from $400-$999: Bonus of $100.
  • Deposit from $1000-$4999: Bonus of $250.
  • Deposit from $50000-$9999: Bonus of $500.
  • Deposit from $10000-$19999: Bonus of $1000.

Other Categories of this broker

  • Gold Broker.
  • Silver Broker.
  • Oil Broker.

Company AmigaFX.
Operating since 2012.
Minimum account size $50
Minimum lot size 0.01 lot.
Maximum Leverage* Up to 1:400.
Spreads

Fixed spreads from 3 pips for the main currency pairs like the EUR/USD.

 

Link to the website AmigaFX Website
Open an account

AmigaFX Forex TradingForex broker AmigaFX

 

 

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