Amarkets

AMarkets broker (AMarkets) is one of the best-known forex brokers among Iranian traders; a brokerage that has been operating since 2007 and targets the Iranian market with a Persian website, Persian support, and Rial and crypto deposits and withdrawals. In this overview, we have reviewed AMarkets' licenses, trading accounts, costs and risks based on Teagle data so you have a clear picture before opening an account.

What kind of broker is AMarkets?

AMarkets started out under the name Aforex and now has nearly 19 years of history. The company is registered in Saint Vincent and the Grenadines and offers forex, metals, commodities, indices, stocks, ETFs and cryptocurrencies for trading. According to Teagle data, this broker's Standard and ECN accounts have access to 44 currency pairs, 7 metals, 11 indices, 10 commodities, 400 stocks, 19 ETFs and 28 cryptocurrencies. In its official documents AMarkets lists Iran as a restricted country, but in practice it offers full Persian-language services; a situation that brings both opportunity and risk for Iranian users.

AMarkets broker licenses and credibility

According to Teagle's latest review, AMarkets holds three active licenses, all of which are offshore and from lower regulatory tiers:

• FSC (No. LLC14486/2023);
• FSA of Saint Vincent and the Grenadines (No. 22567);
• MISA of Mohéli Island (No. T2023284).

Membership in the Financial Commission also provides limited protection in disputes, but none of these is comparable to the protection of bodies such as the FCA or CySEC. To learn what guarantees these licenses offer in practice, read the article What is an offshore and onshore broker .

AMarkets trading accounts

AMarkets has three main accounts on MetaTrader 4 and 5, and all three also come in an Islamic (swap-free) version:

• Standard account: minimum deposit $100, no commission, spreads from 1.3 pips and a 20% stop-out.
• ECN account: minimum deposit $200, $5 commission per lot, spreads from 0.2 pips and a 40% stop-out.
• Zero account: minimum deposit $200, spreads from zero and $11 commission per lot.

Maximum leverage on all accounts is 1:3000; a figure that multiplies both profits and losses and is dangerous for beginners. Before using high leverage, see the guide to leveraged trading and leverage . Comparing the accounts, the ECN account with its $5 commission is usually more cost-effective overall than the Zero account, and the Standard account's spread is considered high for scalping.

Deposits and withdrawals at AMarkets for Iranians

One reason for AMarkets' popularity in Iran is its local payment methods. According to Teagle data, deposits via ZiPay, TopChange, Tether (USDT) and cryptocurrencies such as Bitcoin, Litecoin and Ethereum carry no broker fee, and the minimum first deposit is $100. Rial and Tether deposits are usually instant and withdrawals are processed within 24 hours; a $1 fee is listed for Tether withdrawals. One Teagle user noted that support stated the Rial fee is zero, but the intermediary exchange may charge for currency conversion. The AMarkets website is accessible in Iran without changing your IP.

AMarkets platforms and services

Trading at AMarkets takes place on MetaTrader 4, MetaTrader 5 and the proprietary AMarkets app; there is currently no TradingView integration. Instead, a variety of additional services are offered: copy trading, cashback and rebates, bonuses, the Autochartist indicator, a VPS, a trader's calculator and the ability to transfer an account with open trades. If you are interested in following experienced traders, read the copy trading guide ; we have also introduced this broker's proprietary analysis tool in the article AMarkets sentiment indicator . This broker's active bonuses are updated on the broker bonuses page .

AMarkets rating and risk on Teagle

AMarkets' final rating on Teagle is 3.53 out of 5. The sources differ widely: Trustpilot 4.8, Teagle expert 3.7, Forex Peace Army 3.46, Teagle users 3 and WikiFX 2.71. The Teagle Eye risk index for AMarkets is 33 out of 100, in the "low to medium risk" category; its long history has kept it down and its offshore licenses have pushed it up. Serious complaints about withdrawals and fraud allegations online are another reason for caution.

Pros and cons of AMarkets broker

• Pro: fast Rial and crypto deposits and withdrawals with no broker fee
• Pro: Persian website and support, and access without changing your IP
• Pro: competitive ECN account conditions, cashback and copy trading
• Con: all licenses are offshore and low-tier
• Con: high spreads on non-ECN accounts and reported slippage during volatility
• Con: some users find the $100 minimum deposit high for getting started

Who is AMarkets suitable for?

AMarkets suits traders who prioritize easy access, Rial payments and Persian support, and who knowingly accept the risk of working with an offshore broker. If you are risk-averse or need the protection of a top-tier regulator, look at other options too. To gauge execution quality in volatile conditions, get to know the concept of slippage and put AMarkets side by side with its rival in the AMarkets vs. XChief comparison .

Conclusion

In terms of serving Iranians, AMarkets is one of the most complete options, but its regulatory credibility is limited to offshore licenses. The Teagle team recommends proceeding step by step, assessing order execution quality and support responsiveness, making a test withdrawal, and following new warnings on the risk warning page .