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AHMZtradeFX Review - Is it scam or safe?

AHMZ tradeFX Review - is ahmzfx.com a good forex broker or a scam?

RATING: 3 / 0 REVIEWS AHMZtradeFX
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Trading Accounts

 

Account type Minimum deposit  Minimum trade size Maximum leverage Spreads Trading platforms 
Standard  $500 0.01 1:200 From 1 pips  MT4


AHMZtradeFX offers its clients a single NDD commission-free account with variable spreads and leverage up to 1:200. Micro lots are available for trade and the maximum lot size per trade is 200 lots or 20 (million in base currencies).

 

The broker also provides swap-free services to investors of Islamic belief, as well as corporate accounts with no minimum initial deposit required.  

 

The Company. Security of Funds

 

AHMZtradeFX is a forex broker, offering 40 currency pairs, some CFDs and metals such as Gold (XAU) and Silver (XAG).  This is a brand of X GLOBAL Markets Ltd., a Cypriot Investment Firm (CIF), licensed by Cyprus Securities and Exchange Commission (CySEC) since 2012. The company also operates the XGlobal Markets brand.

 

CySEC requires Cyprus Investment Firms to hold at least €730,000 in order to prove their good financial standing. In addition, Cypriot forex brokers must keep customer funds in segregated accounts, separated from the company’s operating funds.

 

As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to 20,000 EUR, If a regulated company is becomes insolvent.

 

Additionally, every CySEC- regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU under the MiFID Passporting Regime.

 

Trading Conditions

 

Minimum Initial Deposit

In order to open an account with AHMZtradeFX, traders have to invest a minimum of 500 USD/EUR/GBP. Such minimum initial amount is a bit high, taking into account that many Cyprus-based brokers require less. For instance, FXTM demands just $5 from its clients as a start.

 

Spreads & Commissions

AHMZtradeFX offers floating spreads, starting from 1 pips on EUR/USD and cites as typical a spread amounting to around 1.2 pips, which is average.  Traders, however, can benefit from commission-free trading, as the broker gets its remuneration from the spread.

 

For purposes of comparison, FXTM’s average variable spreads on the commission-free accounts amount to 1.5 pips on EUR/USD, while typical ECN ones amount to 0.5 pips on EUR/USD and involve a of commission $4 per standard lot (round-trip).

 

For more information, you may look up real-time spreads of 15 leading brokers here.

 

Maximum Leverage

The maximum leverage level offered by AHMZtradeFX is 1:200, which is standard for the FX market. However, many Cyprus-based brokers offer considerably higher leverage rates - for example, FXTM provides leverage up to 1:1000.

 

Nonetheless, we advise traders to exercise caution when operating with higher leverage, for it involves greater risk of losses, which may even exceed initial deposits. 

 

Trading Platform

 

AHMZtradeFX has made MetaTrader4 (MT4) its trading platform of choice, and encourages its clients to take full advantage of all the great features available within it.

 

The MT4 offers more than 50 built-in technical indicators and tools, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work.

 

MetaTrader 4 is available to clients of AHMZtradeFX as desktop and mobile versions. You may check out more brokers using the MT4 here.

 

Methods of Payment

 

AHMZtradeFX offers its clients the following payment methods: credit/debit cards, bank wire transfer and e-wallet payment systems Skrill and Neteller.

 

The brokerage accepts the following currencies: USD, EUR, GBP, JPY.

 

Conclusion

 

AHMZtradeFX is a well-regulated forex and CFD broker that offers reasonable conditions for trading on the standard MT4 platform. Yet, some extra features such as advanced copy trading options & VPS services seem to be missing. To sum up the above, here are the advantages and drawbacks with regards to this broker:

 

Pros  Cons
Well-regulated No choice of trading platforms & account types
MT4 available No VPS services, no bonuses offered
NDD Model  
No commission fees  

 

 

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Traders` reviews for AHMZtradeFX

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Requotes

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Price feed

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