AMEGA

Maximise AMEGA Broker Earnings with Cashback Bonuses

I couldn’t find an AMEGA welcome bonus during my review. That’s somewhat disappointing, but, in my opinion, it’s not a major issue because you get $10 when you join AMEGA FX via Stic Cashback. You can also get an AMEGA no deposit bonus that comes in the form of cashback.

Dispensed via the loyalty program and offered in perpetuity, this AMEGA bonus stands out because you receive cashback regardless of a trade's success. Put simply, you'll receive $1 cashback per lot traded, irrespective of whether the trade makes a profit or loss.

You'll need to accumulate $100 in cashback before you can move it from your AMEGA bonus balance to your live balance. This means you can earn extra cash at your own pace for as long as you want.

AMEGA No Deposit Bonus Terms and Conditions

• Cashback only credited for forex, energy, and metal trades

• $1 cashback per 1 lot traded

• Minimum AMEGA bonus withdrawal is $100

• No limit to what you can earn, and cashback doesn't expire

• Rewards only apply to positions open for 1 minute or longer

AMEGA Broker Background and History

What is AMEGA? AMEGA FX is an instant-access online trading platform that's owned by AMEGA Global Ltd, a company based in the Republic of Mauritius. The platform launched in 2018 and offers commission-free trading on a variety of instruments, including forex, via MetaTrader 5. So, in short, the AMEGA meaning you need to remember is that it's a regulated instant-access low-cost trading platform.

AMEGA Broker Regulation and Safety

Is AMEGA legit? Yes, it is. AMEGA FX is part of AMEGA Global Ltd, a company regulated by the Mauritius Financial Services Commission (GB22200548). In addition to being licensed and regulated, AMEGA FX verifies all customer accounts and offers two-factor authentication protection.

AMEGA Broker Account Registration, Verification and Login

Creating an AMEGA login was, despite having to jump through a few hoops, pleasantly efficient. Initially, you'll be able to enter your name, email address, and password to create an account. Alternatively, you can link AMEGA to your Facebook or Google accounts.

That process takes less than 30 seconds, and it gives you instant access to AMEGA Forex. You don't get to see much at this point, as I'll explain later in this AMEGA broker review. However, you do get a taste of the platform's mobile-first design.

To access the AMEGA bonus program and its trading instruments, you need to verify your account. This requires you to complete these additional steps:

• Verify your email.

• Complete the AMEGA Forex questionnaire. This includes answering personal and financial questions, as well as questions that test your knowledge of trading.

• Upload documents to verify your identity. You can switch to a mobile phone at this stage, which is useful because you need to upload images.

It took less than 1 minute to get verified during my AMEGA review. Overall, it's an efficient system, and you shouldn't have too many issues getting an AMEGA login.

Images illustrating the Registration / Login process

Account Options at AMEGA Broker

The first thing you'll notice about AMEGA FX is its mobile-first design. The interface is streamlined, and the developers have made good use of panels. This gives AMEGA Forex a lightweight feel.

I like that, but I will say that it's slightly disconcerting at the start because it's not always clear what instruments you can trade, how to trade them, or if there are any AMEGA cashback bonuses up for grabs. Fortunately, that's why I've written this AMEGA broker review. I'm guiding you through the AMEGA login process and into the financial markets.

However, it's important to note that this is a no-fuss trading platform with very little in the way of fancy features and unnecessary page elements. In tandem with this, there are only three AMEGA accounts and one trading platform (more on this in the next section).

AMEGA FX Account Options

AMEGA Broker Trading Platforms

Linking back to the previous part of this AMEGA review, I said the interface is streamlined. In line with this minimalist approach to trading, AMEGA provides instant access to MetaTrader 5. This means you don't need to download any software to access a full range of markets, and these trading tools:

• Email alerts (including AMEGA bonus offers)

• Payment and trading history

• Economic calendar

• News feed

• Mobile trading (via a mobile site)

• Charting add-ons

• Risk-management tools, including stop-loss, trailing stops, and limit orders

AMEGA Broker Trading Instruments

AMEGA FX is a low-cost CFD broker, which means you won't pay any commission on trades. Additionally, spreads are tight (from 0.01 pips), and you can execute trades as small as 0.01 lots on all instruments.

The tradable assets available during my AMEGA broker review were:

• Currencies (forex) – leverage up to 1:1000

• Stocks - leverage 1:100 (fixed)

• Indices - leverage 1:100 (fixed)

• Metal - leverage 1:100 (fixed)

• Energies - leverage 1:100 (fixed)

• Commodities - leverage 1:100 (fixed)

AMEGA Broker Trading Conditions

Leverage up to 1:1000 was available during my AMEGA review, which is right at the top end of the industry average. There are, as experienced traders will know, pros and cons to using leverage. However, if you want to take larger positions for a small amount of money, leverage up to 1:1000 is useful.

Overall, trades are executed fast and efficiently. I didn't experience any slippage during my AMEGA broker review, thanks, in part, to fast execution speeds of 0.1 seconds. This, in tandem with access to high-liquidity markets, means trades are executed reliably.

AMEGA Forex Fees and Costs

As I said earlier in this AMEGA review, this is a low-cost trading platform. The table below pulls together everything we've covered so far in terms of fees and costs at AMEGA Forex.

AMEGA Broker Deposit and Withdrawal Methods

The AMEGA minimum deposit is $20, which aligns with the company's desire to create a low-cost trading environment. There aren't any payment processing fees, which is a positive, but you can only hold balances in USD or NGN (with a RAW account). Therefore, you might incur currency conversion fees (from your bank) when you withdraw into a ZAR bank account.

Global Payment Methods

The global payment methods available at AMEGA are:

AMEGA Forex Customer Support

The customer support team at AMEGA Forex is available 24/7 via the following methods:

• Live chat

• Email: support@amegafx.com

• Phone: +230 5297 0273

• FAQ

Email responses take 24 hours or less, and I spoke to a customer support agent via the live chat option via my AMEGA broker review. It took around 5 minutes to connect with an agent, which is fine. The positive is that they provided swift responses. What's more, you can choose to access AMEGA FX customer support and notifications in English, Spanish, Vietnamese, Arabic, or Thai.

AMEGA FX FAQs

Is AMEGA FX regulated?

Yes, AMEGA Global Ltd is licensed and regulated by the Mauritius Financial Services Commission (FSC). This means it offers safe and legal trading services under the Investment Dealer Licence number GB22200548.

What is the minimum deposit?

The minimum deposit at AMEGA FX is $20. This broker doesn't charge deposit or withdrawal fees, and you can make ZAR wire transfers via banks such as ABSA and FNB.

Does AMEGA FX charge any commission on trades?

No, you won't pay any commission on trade at AMEGA FX. Spreads start at 0.01 pips, and you can execute trades from as little as $1 at AMEGA.

Can you get cashback at AMEGA Forex?

Yes, AMEGA FX has a loyalty program that gives you cashback based on your trading activity. You get $1 per traded lot, regardless of whether or not the trade was successful.