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AMarkets

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AMarkets is an offshore forex and CFD broker registered in the Comoros, the Cook Islands and Saint Vincent and the Grenadines, with membership of The Financial Commission rather than oversight from a tier-one authority. It offers a 100% deposit bonus that doubles your trading capital as non-withdrawable credit, a 20% bonus for traders switching from another broker, a per-lot cashback rebate of $3 to $17, and a $50 cash reward for each referred friend. The deposit bonuses are margin only and the top cashback rate applies just to the highest tiers, so the advertised figures overstate what most clients receive.

Regulation

Mwali International Services Authority · Offshore Financial Supervisory Commission · Offshore Financial Services Authority · Offshore The Financial Commission · Tier-3
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Risk warning: Trading carries a high risk of losing money, especially with leveraged products such as CFDs. A bonus does not reduce that risk. Only deposit what you can afford to lose.

AMarkets bonuses (4 active)

1 Referral
3.4

AMarkets Invite a Friend: $50 Cash Per Referral

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Cash per referral

AMarkets pays existing clients a $50 cash reward for every invited friend who registers through their link, verifies, deposits at least $100 and trades more than one lot, while the friend receives a 20% trading bonus on their first deposit.

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2 Deposit match
3.1

AMarkets 100% Deposit Bonus (Double Your Capital), Up to $5,000 Credit

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100% deposit match

AMarkets matches your first deposit 100% as a non-withdrawable credit bonus (capped at $5,000 under the official regulation, not the advertised $10,000), letting you trade with double the margin while only the profits can be cashed out.

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3 Deposit match
2.4

AMarkets Broker Switch Bonus: 20% Deposit Match

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20% deposit match

AMarkets gives traders who switch from another broker a 20% bonus on their initial deposit, capped at 5,000 USD or EUR, credited as non-withdrawable funds you can trade with for 30 days.

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4 Volume rebate
2.3

Cashback Program - $3 to $17 per Lot on Forex and Metals

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Per-lot cashback

AMarkets pays a per-lot cashback rebate on forex and metals trades, starting at $3 per lot for entry-level traders and rising to $17 per lot only at the top of a five-tier monthly-volume ladder.

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About AMarkets

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Company background and regulation

AMarkets was founded in 2007 and runs one of the busier bonus menus among offshore brokers. Its corporate structure spans three registrations: AMarkets Ltd licensed by the Mwali International Services Authority in the Comoros (licence T2023284), AMarkets LLC registered with the Cook Islands Financial Supervisory Commission, and an entity registered in Saint Vincent and the Grenadines. None of these is a tier-one regulator, and the Cook Islands and SVG registrations in particular are company registrations with little supervisory force.

The most meaningful external check on AMarkets is its membership of The Financial Commission, an independent dispute-resolution body, active since 2013. Membership gives clients access to a complaint process and a compensation fund of up to EUR 20,000 per claim. That is genuinely useful, but it is arbitration insurance, not regulation: the Commission cannot audit the broker or set conduct rules the way the FCA or ASIC can.

Trading conditions

Trading runs on MetaTrader 4 and 5 across Standard, ECN, Zero, Fixed and swap-free account types, with minimum deposits around $100 for Standard and $200 for ECN. Standard spreads start near 1.3 pips commission-free; ECN quotes from about 0.2 pips plus roughly $5 round-turn. Leverage advertises up to 1:3000, though the top tiers only unlock after you have closed at least 10 orders totalling five lots, a nudge toward activity before the highest risk settings become available.

The bonus menu and its fine print

The Double Your Capital offer adds 100% of a deposit as non-withdrawable credit. The marketing page advertises up to $10,000, but the official bonus regulations cap the credit bonus at $5,000 per client, so the lower figure governs. The credit works purely as extra margin: profits made while trading with it are withdrawable, the credit itself never is.

The Broker Switch bonus adds 20% on top of funds moved from another broker, up to $5,000, on the same margin-only basis. The cashback program is the steadiest of the three: it pays $3 to $17 per closed lot on Standard accounts across five loyalty levels, with tiers climbed by trading at least five lots per 30-day cycle and only forex and metals trades of at least three minutes and 10 pips qualifying. The advertised $17 rate belongs to Level 5; new claimants start at $3.

All three programs share fragile cancellation triggers, and this is the detail that matters most. Withdrawing your own funds voids an active deposit bonus and resets your cashback tier to Level 1; a stop-out kills the bonus; and 30 days without trading cancels deposit-bonus credit. The design rewards leaving money in and trading continuously, which is worth recognizing as the price of the headline numbers. AMarkets also runs an Invite a Friend program paying a $50 cash reward per invited friend who verifies, deposits $100 and trades more than one lot, plus rotating seasonal offers that expire quickly.

Practical notes

Verification is standard ID plus proof of address, typically completed within a business day. AMarkets does not serve residents of a long list of countries at the broker level, including the United States, the United Kingdom, all EU/EEA/EFTA states, Canada, Japan and New Zealand, so check the official restricted-countries page before depositing.

Reviews show a mixed withdrawal picture: plenty of fast, clean payouts alongside a recurring minority of complaints about delays. The Financial Commission route exists if a dispute stalls, which is more recourse than most offshore bonus brokers offer, but the sensible defaults still apply: modest balances, regular profit withdrawals, and no strategy built on cashing out bonus credit.

Pros

  • +Financial Commission membership since 2013 provides a real dispute channel with a compensation fund up to EUR 20,000 per claim
  • +Cashback is paid on every closed qualifying lot and scales to $17 per lot at the top loyalty level
  • +The 100% and 20% deposit bonuses add substantial trading margin with profits withdrawable
  • +Low minimums ($100) and fast verification make the offers easy to reach

Cons

  • No tier-one regulation: registrations in the Comoros, Cook Islands and SVG carry little supervisory force
  • Deposit bonus credit is never withdrawable and is cancelled by any own-funds withdrawal, a stop-out or 30 days of inactivity
  • Any withdrawal also resets the cashback loyalty tier back to Level 1
  • Marketing advertises the deposit bonus up to $10,000 while the regulations cap it at $5,000
  • The $17 per-lot cashback headline applies only at Level 5; entry level pays $3
  • The broker-level restricted list is long: US, UK, EU/EEA/EFTA, Canada, Japan, New Zealand and dozens more are excluded

Frequently asked questions

Is AMarkets regulated?

Not by a tier-one authority. It holds offshore registrations in the Comoros (Mwali licence T2023284), the Cook Islands and Saint Vincent and the Grenadines, and has been a member of The Financial Commission since 2013. The Commission offers dispute resolution and a compensation fund up to EUR 20,000 per claim, which is meaningful but not equivalent to government regulation.

Can I withdraw the AMarkets 100% deposit bonus?

No. The bonus is non-withdrawable credit that works as extra margin. Profits earned while trading with it can be withdrawn, but the credit itself is cancelled the moment you withdraw your own funds, hit a stop-out, or go 30 days without trading.

Is the AMarkets deposit bonus capped at $5,000 or $10,000?

The cap is $5,000. The marketing page advertises up to $10,000, but the official Regulations on Bonus Programs cap the credit bonus at $5,000 per client, so plan around that figure and check the amount shown in your client area before depositing with the bonus in mind.

How does AMarkets cashback work?

You earn $3 to $17 per closed lot on Standard accounts depending on your loyalty level, climbed by trading at least five lots per 30-day cycle. Only forex and metals positions held at least three minutes with at least 10 pips of movement qualify, and any withdrawal resets you to Level 1. The cashback itself is real money once credited.

Does AMarkets have a referral bonus?

Yes. The Invite a Friend program pays the referrer a $50 cash reward for each friend who registers through their link, verifies, reaches $100 in deposits within 30 days and trades more than one lot within 90 days, and the friend receives a 20% trading bonus on their first deposit. There is no limit on the number of friends you can refer.

Who cannot claim AMarkets bonuses?

AMarkets does not serve residents of a long list of countries at the broker level, including the United States, the United Kingdom, all EU/EEA/EFTA states, Canada, Japan and New Zealand. Every promotion inherits that list, so check the official restricted-countries page before funding an account.

Sources & verification