AM Broker Review: Scam Or Legit? | Find Out Here 2024

AM BROKER
Earn your financial freedom with a regulated broker
Is AM Broker a scam? Are they legit? Find the answers to all these questions and more in this guide.
Summary

AM Broker is a major forex broker and has received a lot of praises from Intelligence Commissioner users. They have established themselves as an industry leader.

In forex trading, choosing the appropriate broker is critical to success. AM Broker stands apart due to its vast features and services. This article provides a full study of AM Broker, emphasizing significant characteristics and warning signs for beginning traders. Verifying the broker’s regulatory status is critical, as regulation ensures adherence to industry standards and the safety of traders’ funds. Notable regulatory bodies include the FCA, CFTC, NFA, and ASIC. A wide variety of trading instruments are offered, including FX, equities, indices, commodities, and cryptocurrencies. AM Broker offers instructional resources, a variety of account kinds, and strong customer assistance, making it an appealing option for traders.

We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:

1

Key Takeaways

AM Broker has several major red flags
AM Broker website owner is anonymous
Vague terms of service
2

Is AM Broker Regulated? Do They Have a License?

In the world of forex trading, choosing the correct broker might mean the difference between success and failure. Among the several options accessible, AM Broker has gained popularity because to its vast variety of features. This article will provide a full analysis of AM Broker, highlighting its primary features and offerings while also outlining certain areas of caution for new traders.

While AM Broker provides a complete package of features and services, traders must consider the broker’s regulatory status and general reliability. Regulatory control guarantees that the broker meets industry standards and safeguards traders’ funds. Potential traders should perform extensive research and due diligence to confirm AM Broker’s regulatory status and market repute. Regulatory organizations impose rigorous standards on brokers, including capital adequacy, client fund segregation, and transparent business procedures. Choosing a regulated broker gives traders more trust in the security and integrity of their trading environment.


Checking the regulatory status of a forex broker is essential. However, there are multiple tiers of regulation as well.

Some popular regulatory authorities include FCA and CFTC.

Whether its AM Broker or another forex broker, it’s best to check if they are regulated by one (or more) of these authorities:

Commodity Futures Trading Commission (CFTC) – United States:

The CFTC is an independent agency of the U.S. government that regulates the futures and options markets. It also oversees the forex market, particularly ensuring the integrity of transactions and protection against fraud and manipulation.

National Futures Association (NFA) – United States:

The NFA is a self-regulatory organization for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency, and OTC derivatives. It ensures that every firm or individual conducting futures and forex business with the public must be registered and must comply with strict standards.

Financial Conduct Authority (FCA) – United Kingdom:

The FCA is a financial regulatory body in the UK that oversees financial markets, including forex. It ensures that financial markets operate with integrity and that consumers are protected.

Australian Securities and Investments Commission (ASIC) – Australia:

ASIC is an independent Australian government body that acts as Australia’s corporate regulator. It oversees financial markets and services, ensuring that financial markets are fair and transparent, and it also regulates forex brokers.

Financial Services Authority (FSA) – Japan:

The FSA in Japan oversees banking, securities, and exchange, as well as insurance sectors to maintain the stability of Japan’s financial system. It regulates forex trading and brokers to ensure the protection of investors.

Swiss Financial Market Supervisory Authority (FINMA) – Switzerland:

FINMA is responsible for financial regulation in Switzerland. It oversees banks, insurance companies, and financial markets, including forex brokers, ensuring they operate within a secure and transparent framework.

Cyprus Securities and Exchange Commission (CySEC) – Cyprus:

CySEC is the financial regulatory authority of Cyprus, which is a popular jurisdiction for forex brokers. It supervises and controls the operation of the Cyprus Stock Exchange and regulates forex brokers to ensure compliance with international standards.

Investment Industry Regulatory Organization of Canada (IIROC) – Canada:

IIROC oversees all investment dealers and trading activities on debt and equity marketplaces in Canada, including the forex market, ensuring that firms adhere to high standards of conduct.

Monetary Authority of Singapore (MAS) – Singapore:

MAS is the central bank and financial regulatory authority of Singapore. It oversees various financial institutions and markets, including forex, ensuring they are well-regulated and stable.

Financial Sector Conduct Authority (FSCA) – South Africa:

The FSCA is responsible for market conduct regulation and supervision of financial institutions in South Africa, including forex brokers, to ensure fair treatment of customers and the integrity of financial markets.

These regulatory bodies play a crucial role in maintaining the integrity of the forex market by enforcing rules and regulations, ensuring transparency, and protecting traders and investors from fraudulent activities.

Checking the regulatory status of brokers like AM Broker is quite beneficial. It inspires trust in the brand.

3

Trading Conditions and Deposit/Withdrawal Methods at AM Broker

One of AM Broker’s distinguishing advantages is its vast selection of trading instruments. Traders have access to a comprehensive range of currency, equities, indices, commodities, and cryptocurrencies. This variety allows traders to diversify their bets and capitalize on diverse market chances.


Diversification is important in trading because it reduces risk by spreading investments across multiple asset types. For example, while FX trading can be volatile owing to global economic events, commodities such as gold are frequently used as a hedge against inflation and economic uncertainty. By providing a diverse range of instruments, AM Broker ensures that traders can adapt to changing market conditions and optimise their trading strategy.

  1. Forex: AM Broker offers over 60 currency pairings, including major and minor pairs, allowing traders to employ a variety of currency-based strategies. The forex market is noted for its high liquidity and 24-hour trading cycle, giving traders plenty of possibilities to profit from price changes.
  2. Stocks: With 63 stocks available on global exchanges, traders can invest in the world’s largest firms, enabling access to the equity markets. Stock trading allows investors to participate in big firms’ growth while also benefiting from dividends and capital appreciation.
  3. Indexes: By trading on important global indexes, traders can speculate on the performance of a portion of the market rather than specific equities. Indices represent the combined performance of a set of equities, providing a larger market perspective while mitigating the influence of individual stock volatility.
  4. Commodities: AM Broker offers popular commodities such as gold and oil, which are typically seen as safe-haven assets, especially during periods of market turbulence. Commodity trading allows investors to diversify their portfolios while also protecting against inflation.
  5. Cryptocurrencies: For those interested in digital currencies, AM Broker offers access to top cryptocurrencies, allowing traders to engage in the fast growing crypto market. Cryptocurrencies have attracted a lot of attention because to their huge potential returns and the disruptive impact of blockchain technology on numerous industries.

AM Broker offers dedicated mobile trading apps for iOS and Android smartphones, allowing traders to watch the markets and trade from anywhere, at anytime. This flexibility is essential for folks who are constantly on the road. The mobile apps are intended to mirror the functionality of the desktop platform, ensuring a consistent trading experience across all devices.

Leverage is a double-edged sword in trading, allowing the possibility of bigger gains while also increasing the chance of significant losses. AM Broker offers leverage of up to 1:500, which is very appealing to experienced traders aiming to maximise their trading potential. However, traders must use leverage with caution and be well informed of the hazards involved. High leverage can boost profits, but it can also cause significant losses, especially in unpredictable markets. As a result, traders must use effective risk management tactics and avoid overleveraging their positions.


AM Broker provides a demo account for those who are new to trading or want to test techniques before investing real money. This feature enables traders to practice and improve their skills in a risk-free environment. It’s a great way for newcomers to get to know the platform and experienced traders to try out new techniques. The demo account resembles real-world market situations, allowing for meaningful learning without financial risk. Traders can test out various instruments and trading approaches to gain confidence before moving on to actual trading.

Multiple account types

Here is the table summarizing the account types offered by AM Broker:

Account TypeDescriptionTarget AudienceKey Features
Retail AccountsDesigned for individual traders, these accounts offer access to all trading products and platforms for a minimal minimum investment. Ideal for beginner and intermediate traders wishing to test the market with a small investment.Individual Traders (Beginner & Intermediate)Access to all products and platforms, minimal minimum investment
Professional AccountsThese accounts provide additional features such as increased leverage and tighter spreads. Suitable for experienced traders with a comprehensive understanding of the markets and substantial trading volumes.Experienced TradersIncreased leverage, tighter spreads
Institutional AccountsDesigned for large trading firms and institutions, offering bespoke solutions, deep liquidity, and dedicated assistance. Tailored to address the complicated needs of large-scale traders and investment businesses with advanced services and technology.Large Trading Firms and InstitutionsBespoke solutions, deep liquidity, dedicated assistance, cutting-edge trading technology
This table summarizes the account types, their descriptions, target audiences, and key features for AM Broker.

Education is critical for trading success, and AM Broker offers a variety of instructional resources to help traders enhance their abilities and knowledge. These resources include online courses, video seminars, and tutorials on a variety of trading topics, from fundamental concepts to advanced tactics. Educational tools are vital for ongoing learning and development, assisting traders in staying current with market trends and refining their trading skills. AM Broker’s commitment to education reflects its desire to provide traders with the knowledge they need to succeed.

Low minimum deposit

With a minimum investment of $100, AM Broker makes it easy for new traders to begin their trading career. This low entry barrier appeals to those who are hesitant to commit huge sums of money initially. A low minimum deposit enables traders to test the waters before gradually increasing their investment as they gain familiarity with the platform and their trading techniques. It also allows traders with small capital to engage in markets and potentially increase their returns over time.

Sign-Up Bonus

To entice new traders, AM Broker provides a $50 sign-up bonus. This reward provides an additional motivation to begin trading and may be especially tempting to rookie traders wanting to maximize their initial investment. Bonuses and promotions can improve the trading experience by giving traders more money to trade with, allowing them to explore the platform’s features and test new tactics. However, traders should carefully read the terms and conditions of bonuses to understand any withdrawal requirements or trading volume restrictions.

Fast execution speed

Execution speed is crucial in trading, especially when utilizing automated trading strategies or Expert Advisors (EAs). AM The broker prioritizes rapid execution speeds, ensuring that deals are performed quickly and accurately. Fast execution is critical for seizing market opportunities and reducing slippage, especially in fast-moving markets. Traders who use algorithmic tactics or scalping techniques benefit greatly from a broker that stresses fast and dependable transaction execution.

AM Broker has worked with prominent forex liquidity providers to provide deep liquidity. This cooperation ensures that traders have access to competitive pricing and can place large orders with minimal slippage. Deep liquidity is critical for ensuring market stability and allowing traders to enter and exit positions at the desired pricing. AM Broker improves the trading experience by cooperating with premier liquidity providers, which results in tighter spreads and improved order execution.

One-Click Trading

With the one-click trading functionality, traders may execute trades immediately from their charts. This feature is particularly handy for scalpers and day traders who must join and leave positions fast. One-click trading streamlines the trading process, requiring less time and effort to conduct deals. It helps traders to respond quickly to market fluctuations and seize short-term opportunities.

Traders can move between profiles for various markets or methods. This versatility enables better organization and management of various trading strategies. Multiple profiles allow traders to divide their tactics and track performance individually, improving their capacity to assess and optimize their trading activity. For example, a trader may utilize one profile for long-term investments and another for short-term trading to ensure that each strategy is recorded and maintained separately.

AM Broker’s platform has over 60 pre-installed indicators, giving traders a variety of instruments for technical analysis. These indicators assist traders make intelligent trading decisions based on market trends and patterns. Technical indicators are critical for finding trading opportunities and evaluating market conditions. AM Broker’s varied selection of indicators provides traders with the tools they need to understand market movements and construct profitable trading strategies.

Access the MQL4 Community

AM Broker users receive free access to the Metaquotes MQL4 community. This community provides a multitude of custom indicators, scripts, and EAs, allowing traders to improve their trading experience and create unique solutions. Access to a thriving community of developers and traders promotes collaboration and creativity, allowing traders to benefit from the expertise of others and improve their trading talents. The MQL4 community is a fantastic resource for traders looking to modify their trading environment and experiment with advanced tactics.

You should always check the trading conditions of a forex broker.

That’s primarily because they have a direct impact on your potential returns. Moreover, each forex broker such as AM Broker has distinct trading conditions.

A major part of checking the trading conditions of a broker is to verify their deposit and withdrawal methods.

In the case of AM Broker withdrawal, you can see that there are multiple options available.

It makes them accessible to traders. Furthermore, it ensures that people can trade freely.

Some major aspects to keep in mind are:

1. Spreads:

  • Fixed Spreads: These remain constant regardless of market conditions. They are generally higher than variable spreads but provide predictability in trading costs.
  • Variable (Floating) Spreads: These fluctuate based on market volatility and liquidity. They can be lower than fixed spreads during normal market conditions but can widen significantly during high volatility.

2. Leverage:

  • Leverage allows traders to control a larger position with a smaller amount of capital. It is expressed as a ratio (e.g., 100:1, 200:1). Higher leverage can amplify both potential profits and potential losses.

3. Margin Requirements:

  • Margin is the amount of money required to open a leveraged position. Brokers set margin requirements based on the leverage ratio. For example, with 100:1 leverage, a $1,000 position would require a $10 margin.

4. Minimum Deposit:

  • The minimum amount required to open an account varies by broker. Some brokers offer accounts with no minimum deposit, while others may require hundreds or thousands of dollars.

5. Trading Platforms:

  • Brokers provide various trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and proprietary platforms. The choice of platform affects the tools, charts, and features available to traders.

6. Execution Methods:

  • Market Execution: Orders are executed at the best available price in the market. There may be slippage, especially during high volatility.
  • Instant Execution: Orders are executed at the price shown on the platform. If the price changes before execution, the order may be rejected (requote).

Keep in mind that shady forex brokers stop making payments and keep the money to themselves. Hence, you should always check the broker reviews to see if the broker’s payment methods work properly.

We recommend working with a reliable and trusted broker.

4

AM Broker Customer Service: Do They Handle Complaints Well?

AM Broker prioritizes client care by providing 24-hour support. Traders can contact us at any moment to ensure that any issues or inquiries are swiftly resolved. This round-the-clock service is especially useful for traders in different time zones or who want to trade during off-hours.

Effective customer service is an important component of a reputable broker since it gives traders confidence that help is there when they need it. AM Broker’s customer support team is trained to handle a wide range of inquiries, from technical concerns to account administration, resulting in a smooth trading experience.

Good customer service is vital for any trader.

You should always check if a forex broker remains accessible to its customers and whether it offers multiple contact channels or not.

The most popular ways for recent customers are live chat and email.

While email is becoming a bit obsolete, it is still among the most common methods for a customer to contact the support staff of a broker.

In the case of AM Broker, it’s clear that they offer proper customer support with a significant variety of ways to contact them.

According to multiple users, AM Broker’s customer support is quite active and responds promptly to general queries and grievances.

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5

AM Broker Reviews: What Do Others Say?

Based on user-submitted reports, most of the AM Broker reviews are quite positive.

Customers praise the company for its prompt customer service and trader-friendly conditions.

However, it’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

While AM Broker doesn’t seem like a shady broker, many others rely on fake reviews to increase their credibility.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why we recommend doing extensive research on forex brokers before finalizing your selection.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of AM Broker, however, we noticed that their reviews are legitimate.

Unlike their competitors, it seems AM Broker has put in a lot of resources into providing its traders with specialized customer service. This way, their customers remain happy and satisfied with their experience.

Also, we didn’t notice many significant AM Broker complaints. However, if you have any AM Broker reviews to share, feel free to contact us or share them in the comment section.

AM Broker reviews coverage


You should always look out for consumer complaints. The most common complaints in forex are usually regarding:

  • Poor customer support
  • Delays in payments
  • High fees
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about AM Broker? You can share your complaint in the comment section or submit an anonymous tip.

6

Is AM Broker Legit Or a Scam?

AM Broker positions itself as a solid choice for traders looking for a comprehensive and feature-rich forex broker. AM Broker caters to both new and expert traders, offering a variety of trading products, access to the MetaTrader 5 platform, high leverage options, and substantial training materials. The availability of several account types, a cheap minimum deposit, and 24-hour customer service add to its popularity.


Traders should always take care and conduct extensive research before committing to a broker. Understanding the dangers involved, especially with high leverage, and validating the broker’s regulatory status are critical steps toward making an informed decision. Overall, AM Broker’s services make it a significant player in the forex trading industry.

AM Broker offers itself as a dependable partner for traders looking to reach their financial goals in the fast-paced world of forex trading by focusing on customer service and continual improvement.

AM Broker is a regulated entity. They are licensed and operate under the watch of a major financial regulator.

So, it’s clear that AM Broker is a legit forex broker.

You should avoid working with unregulated brokers. The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind the unregulated broker can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.

However, that’s not the case with AM Broker. It’s clear in our AM Broker broker review that they are a legitimate entity and enjoy a positive reputation in the market.

Can You Trust AM Broker?

All the evidence suggests that AM Broker is legit. However, we recommend checking out more options before finalizing your choice.

That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of their reliability.

7

Frequently Asked Questions

Is AM Broker a scam?

According to the online reviews of this company, it’s clear that AM Broker is not a scam. However, we recommend checking out more brokers before before finalizing your decision.

What is the best alternative to AM Broker?

We recommend going with our recommended broker instead of AM Broker due to their higher experience and specialized technology.

Where is AM Broker Located?

There is no information available on the location of AM Broker.

Are there any AM Broker complaints?

We’ve received a few AM Broker complaints from our readers. If you’ve had a negative experience, feel free to write down a comment below or contact us.
8

How Forex Scams Work

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have received a significant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

If you’re looking to start trading, we suggest working with our recommended broker. We have reviewed 1000+ brokers and fintech firms and chosen them as our no. 1.
*Forex trading is subject to market risk.
AM Broker Review: Scam Or Legit? | Find Out Here 2024
AM Broker Review: Scam Or Legit? | Find Out Here 2024

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