AMarkets Iran Review 2024 - TU expert opinion

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Is the Forex market legit in Iran?

Forex trading is illegal in Iran. The financial regulator of Iran fully banned any financial transactions in the Forex market in 2016. Therefore, if a trader wants to trade in the financial markets, he will have to work with a broker that holds the license of a different country.

Iran is a Muslim country and therefore it is better to choose companies with licenses from Islamic countries. This is important from the point of view of availability of Islamic (swap-free) accounts that comply with the Sharia Law. Deposits and withdrawals are complicated because local financial organizations do not work with brokers.

How to Trade Forex in Iran

In order to trade in the Forex market in Iran, you need to choose a broker and register. The registration and verification depends on the broker you’ve chosen and the jurisdiction, where the broker is licensed.

Our Evaluation of AMarkets

7.24/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details

AMarkets is a reliable broker with the TU Overall Score of 7.24 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by AMarkets clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.

AMarkets is a broker that is more suitable for professional trading. Everything here is designed to accommodate trading with EAs and that is the broker’s strength. The weakness of the broker is that it won’t be easy for traders without experience to work here.

Detailed Review of AMarkets in Iran

AMarkets is a good choice for traders from Iran. The broker complies with all the requirements of the local regulator and offers attractive trading conditions for the clients.

AMarkets has been providing access to international financial markets since 2007. The company is interested in seeing its clients succeed, trying to create the best conditions for trading. Today, AMarkets is a company ranked among the Top 5 European brokers in terms of the number of successful clients. For this reason, the broker offers novice traders a free comprehensive trading course, daily webinars with professional traders and also nice bonuses for a quick start.

AMarkets in figures:

  • 1,000,000+ clients worldwide;

  • 550+ trading instruments;

  • 18+ international awards.

Advantages of AMarkets for trading in Iran

Traders Union analysts conducted a detailed analysis of AMarkets for traders from Iran. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:

1

Compensation fund in the amount of EUR 20,000 in case of unforeseen situations;

2

Professional analytics and unique instruments for manual and automated trading;

3

One of the fastest order execution speed in the market;

4

A possibility to earn passive income by using copy trading.

AMarkets does not limit the use of various trading methods: algorithmic trading is supported, locking and hedging is allowed and there are no limitations on the minimum position holding.

Analysis of the Main Features of AMarkets in Iran

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Traders Union analysts analyzed the key features of AMarkets for traders from Iran. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

8.11

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

5.75

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

6.57

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

7.37

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

8.40

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

8.07

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

6.44

/10

Trading conditions for AMarkets traders from Iran

It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of AMarkets trading conditions for traders from Iran. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.

💻 Trading platform:
МТ4, МТ5 (all modifications), AMarkets App
📊 Accounts:
Standard, Fixed, ECN, Crypto
💰 Account currency:
EUR, USD, RUB, ВТС
💵 Replenishment / Withdrawal:
Visa/Mastercard, Bank Transfer, МИР, UZCard, HUMO, Perfect Money, Neteller, FasaPay, Bitcoin. Ethereum, Litecoin, Tether (USDT TRC20, ERC20). AdvCash, Skrill, QIWI (for certain regions)
🚀 Minimum deposit:
$100 / €100
⚖️ Leverage:
Up to 1:3000
💼 PAMM-accounts:
No
📈️ Min Order:
0.01
💱 Spread:
ECN - floating from 0 pips, Standard - floating from 1.3 pips, Fixed - fixed from 3 pips, Crypto - floating from 1.3 pips.
🔧 Instruments:
Currencies, assets of stock and commodity markets, cryptocurrencies
💹 Margin Call / Stop Out:
50–100% / 20–40%
🏛 Liquidity provider:
N/A
📱 Mobile trading:
Yes
➕ Affiliate program:
Yes
📋 Orders execution:
Instant Execution, Market Execution (depending on the account)
⭐ Trading features:
Cryptocurrency trade; COT indicator; Cayman indicator; Autochartist.
🎁 Contests and bonuses:
Yes

AMarkets Commissions and Fees

Traders Union analysts analyzed commissions and fees charged by AMarkets for traders from Iran. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.

Information

Traders Union analysts have analyzed trading conditions and the offer of AMarkets to check for evident and hidden fees. There are no hidden fees and the deposit fee is not charged. The broker charges a withdrawal fee, which depends on the type of the transfer and the payment system. On average, the fee ranges from 0.5% to 0,5-1.8% and does not depend on the account type.

Account type Spread (minimum value) Withdrawal commission
Standard from 13$ Yes
Fixed from 30$ Yes
ECN from 0$ Yes
Crypto from 13$ Yes

Additional fees are single and triple swaps for transferring positions overnight and a fixed fee for the ECN account of $2.5 in one direction ($5 per 1 full standard lot). A comparative analysis of AMarkets’ spreads with those of other brokers was also carried out. The EUR/USD currency pair and the ECN account (or its analogues with tight spread) were compared. Spread is expressed in USD per full standard lot.

FAQs

Is AMarkets legal in Iran?

Yes. AMarkets operates legally in Iran. The broker holds the necessary licenses.

Can you learn trading with AMarkets? Does the broker offer courses for traders from Iran?

Yes, AMarkets offers good trading courses and a lot of educational information for clients from Iran.

Can AMarkets be trusted? Has the broker been operating in Iran long?

AMarkets has been operating in Iran quite long and has a good reputation. Therefore, traders can work with AMarkets.

Is AMarkets suitable for novice traders from Iran?

Yes. AMarkets offers optimal trading conditions and good education for beginners from Iran.

How efficient is AMarkets customer support in Iran?

AMarkets offers a sufficient number of ways to contact customer support in Iran, and also provides support in the state language.

Has AMarkets had any incidents involving theft of funds of clients from Iran?

No. AMarkets provides reliable security of funds of clients from Iran.

Will I be able to file a lawsuit in Iran if AMarkets violates my rights?

Yes. If AMarkets violates your rights, you can file a complaint with the regulator of Iran, and then with a court.

Can AMarkets clients from Iran use the broker’s mobile app?

Yes. The mobile app of AMarkets is available for the clients from Iran.

Does AMarkets provide Iran market analysis?

Analysis of Iran is featured in the information provided by AMarkets.

How can I withdraw funds from my account at AMarkets in Iran?

AMarkets supports bank transfers and debit/credit cards of the banks operating in Iran.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.