AMarkets vs FXOpen Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of AMarkets and FXOpen
| Broker | AMarkets | FXOpen |
|---|---|---|
| Rating | 4.4/5 | 4.3/5 |
| Foundation Year | 2007 | 2004 |
| Regulated in Countries | Cook Islands, Comoros | United Kingdom, Cyprus, Australia |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:3000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | AMarkets Review | FXOpen Review |
AMarkets is suitable for independent traders and investors due to various accounts, narrow spreads, and the possibility of engaging in copy trading.
Broker FXOpen is suitable for professional traders and scalping enthusiasts but may not be ideal for beginners due to the lack of training.
AMarkets Review
AMarkets is a versatile broker offering a full range of services in the Forex market. It enables independent trading and investing funds in copy trading with equal success.
Traders can access several accounts with low spreads, permitted scalping, and fast trade execution. Up-to-date analytics, valuable services, and rapid fund withdrawal support a stable technical platform.
Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income.
Pros and Cons of AMarkets
Pros
- A wide range of trading assets.
- Extensive analytical capabilities using modern tools and trading robots.
- No commissions on many operations.
- Convenience and simplicity of opening an account and managing it.
Cons
- Not the most extensive educational materials.
- On some assets, spreads are higher than those of competing Forex brokers.
AMarkets is in the top 10 of the following ratings:
FXOpen Review
FXOpen is a highly regulated broker with licenses from leading international bodies, which guarantees the safety of investments and compliance with strict standards. The broker offers a wide range of trading instruments, allowing traders to diversify their portfolios. Low spreads and commissions make FXOpen an attractive choice for those looking for a cost-effective trading environment. The availability of various platforms gives traders the flexibility to choose a trading instrument.
FXOpen is ideal for experienced traders who can analyze the market independently and make informed trading decisions without significant educational support. The broker is especially attractive to those who seek variety in trading tools and prefer to use advanced trading platforms.
Pros and Cons of FXOpen
Pros
- Wide range of trading assets.
- Low spreads and commissions.
- Support for various trading platforms.
Cons
- Lack of educational materials.
FXOpen is in the top 10 of the following ratings:
Reliability
| Broker | AMarkets | FXOpen |
|---|---|---|
| Reliability | 3.6/5 | 5/5 |
| Foundation Year | 2007 | 2004 |
| Regulated in Countries | Cook Islands, Comoros | United Kingdom, Cyprus, Australia |
| Regulators | FSC of Cook Islands FSC of Cook Islands MISA MISA SVGFSA SVGFSA | - FCA FCA CySEC CySEC ASIC ASIC |
AMarkets
The broker ensures stable and reliable operational activities, albeit with offshore regulation.
Pros
- Client fund segregation.
- Protection by The Financial Commission's compensation fund.
- Quality of execution verified by Verify My Trade.
FXOpen
FxOpen is a reliable and regulated broker, licensed in many countries, ensuring the safety of funds and a high standard of services.
Account Opening
| Broker | AMarkets | FXOpen |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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AMarkets
Opening an account at AMarkets is quite simple and convenient, involving direct registration, identity verification, and selecting the appropriate type of account.
FXOpen
FxOpen provides a simple and convenient account opening process, with an emphasis on security and compliance with regulatory requirements.
Account Types
| Broker | AMarkets | FXOpen |
|---|---|---|
| Account Types | 4.8/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:3000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
AMarkets
The broker offers various accounts to meet different traders’ needs.
Pros
- A large selection of account types (Standard, Fixed, ECN, Crypto).
- The possibility of obtaining VIP status for improved trading conditions.
- The unique opportunity to transfer profits from a demo account to a real one.
Cons
- No cent accounts.
FXOpen
FxOpen offers a wide selection of trading accounts and additional services.
Commissions
| Broker | AMarkets | FXOpen |
|---|---|---|
| Commissions | 4/5 | 3/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 1.6 | 1.2 |
| Commission per Lot | $2.5 | $3.5 |
AMarkets
AMarkets is a broker that provides low commissions, which makes it more appealing to traders.
Pros
- Low transaction commission.
- No inactivity fee.
- The broker covers the payment system commissions for account funding.
Cons
- Spreads on some instruments are higher than competitors.
FXOpen
FxOpen's commissions are average in the market, with competitive spreads, but high swap rates and inactivity fees.
Deposit and Withdrawal
| Broker | AMarkets | FXOpen |
|---|---|---|
| Rating | 5/5 | 4.2/5 |
| Account Funding Methods |
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AMarkets
The account funding and withdrawal conditions at AMarkets are convenient for clients, with a wide range of payment systems available.
Pros
- No broker commissions for deposits and withdrawals.
- Fast fund crediting and processing of withdrawal requests.
- A large selection of payment systems, including cryptocurrencies.
Cons
- Payment system commission on withdrawals.
FXOpen
FxOpen offers a variety of deposit and withdrawal methods.
Pros
- A large selection of payment systems and cryptocurrencies.
- Fast processing of withdrawal requests.
Cons
- No bank transfer option.
- High commissions for credit cards from the provider.
Markets and Products
| Broker | AMarkets | FXOpen |
|---|---|---|
| Markets and Products | 5/5 | 4.6/5 |
| Forex | 42 | 66 |
| Precious Metals | 7 | 3 |
| Energy Carriers | 4 | 3 |
| Soft Commodities | 7 | - |
| Indices | 16 | 12 |
| Stocks | 437 | 553 |
| Bonds | 2 | - |
| Cryptocurrency | 27 | 41 |
| ETF | - | 56 |
AMarkets
The broker provides a vast array of trading assets, such as currency pairs, metals, cryptocurrencies, bonds, commodities, and indices. The broker offers high leverage and the option of scalping, making it particularly attractive.
FXOpen
FxOpen offers a good selection of assets but without soft commodities.
Trading Platforms
| Broker | AMarkets | FXOpen |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Trading Platforms |
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AMarkets
AMarkets provides time-tested MetaTrader 4 and 5 platforms and a convenient mobile app.
Pros
- Reliable and popular MT4 and MT5 platforms.
- Mobile app with high user ratings.
Cons
- No alternative to MetaTrader.
FXOpen
FXOpen offers a wide range of trading platforms, catering to different types of traders.
Analytics
| Broker | AMarkets | FXOpen |
|---|---|---|
| Rating | 5/5 | 4/5 |
AMarkets
AMarkets offers excellent analytical tools and services.
Pros
- An extensive set of analytical tools.
- Proprietary trading robots and advisors.
- A thoughtful and professional analytical department.
FXOpen
FXOpen provides a solid package of analytical tools, offering traders valuable resources for making trading decisions.
Education
| Broker | AMarkets | FXOpen |
|---|---|---|
| Rating | 2.5/5 | 2/5 |
AMarkets
Educational materials at AMarkets are limited and may not meet the needs of beginner traders.
Pros
- There is a blog with useful articles.
Cons
- Lack of comprehensive educational programs.
- No webinars, video tutorials, courses.
FXOpen
FXOpen invests little in trader education, offering only basic articles and a glossary of terms.
Customer Support
| Broker | AMarkets | FXOpen |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Whatsapp
VK
Telegram
YouTube
LinkedIn
Facebook
Twitter
InstagramAMarkets
Technical support at AMarkets is efficient and available 24/7, providing various communication channels for customer convenience.
FXOpen
FXOpen offers reliable support, and a variety of communication channels adds flexibility.
