Amenda Markets Journal (Broker out of business)

Journal status: closed
Amenda Markets out of business
Amenda Markets Profile
Website
amendafx.com
Year
2010
Country
Latvia
Branches
1
Regulation
FCMC Latvia
Registration
FCMC Latvia, FMA Austria, CNB Czechia, DFSA Denmark, EFSA Estonia, FIN-FSA Finland, ACPR France, CONSOB Italy, FMA Liechtenstein, LSC Lithuania, CSSF Luxembourg, MFSA Malta, AFM Netherlands, FSA Norway, KNF Poland, NBS Slovakia, CNMV Spain, FI Sweden,
Investor protection
Fund protection
Latvia Investor Compensation Scheme (ICS)
Publicly traded
no
Restricted in
Not serving
х US
Broker type
DMA
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
30
LPs quality
Tier-1 Banks, Non-banks, ECNs, MTFs
LPs names
BNP Paribas, Barclays, Citadel Securities, Citibank, Commerzbank, Credit Suisse, Currenex, Deutsche Bank, EBS, FXall, FastMatch, GAIN Capital, GTS Securities, Goldman Sachs, HSBC, Hotspot, JPMorgan, Jump Trading, LMAX, MUFG, Morgan Stanley, Nomura, RBS, Reuters Spot Matching, Solid Invest, Standard Chartered, State Street, UBS, Virtu Financial, XTX Markets

Amenda Markets Accounts
DMA
Minimum Deposit
200 $
Leverage
30 : 1
Minimum Lot
0.01 lots
EURUSD spread
0 pips
Commission
7.4 $/lotRT
Volume
Unlimited
Margin Call
80 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
yes
Deposit & Fees
Deposit methods
Bank Wire
Base currency
USD, EUR, GBP, JPY
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 6 months
Update broker

Is Amenda Markets safe?

  • Investor protection: Latvia Investor Compensation Scheme (ICS)
  • Regulation: FCMC Latvia
  • Registration: FCMC Latvia, FMA Austria, CNB Czechia, DFSA Denmark, EFSA Estonia, FIN-FSA Finland, ACPR France, CONSOB Italy, FMA Liechtenstein, LSC Lithuania, CSSF Luxembourg, MFSA Malta, AFM Netherlands, FSA Norway, KNF Poland, NBS Slovakia, CNMV Spain, FI Sweden,
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is Amenda Markets trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt, helpful ★★★★★
  • Amenda Markets website: highly detailed, updated ★★★★★
  • Amenda Markets popularity (by visitor count): average ★★★

How Amenda Markets works

By using Pure-DMA, our clients get to enjoy a more equitable and highly transparent trading environment. In addition, Pure-DMA relays all client orders to the respective exchanges of Tier 1 banks, non-banks, ECNs, and MTFs.

https://amendafx.com/pure-dma/

Amenda adopts a 100% agency model; therefore, Amenda's finances are in no way affected by the profits or losses generated by client trades.

...clients are also protected by the Investor Compensation Scheme (ICS) for up to EUR 20,000 of their margins by Latvian law.

https://amendafx.com/fund-protection/

7.3. The Company has access to several Execution Venues. When performing the Client’s Order and having an aim to attain the best result according the Client’s opinion, the Company may use one or several of the following Execution Venues:

7.3.1. regulated markets (stock exchanges);

7.3.2. Systematic Internalisers;

7.3.3. MTS;

7.3.4. market makers;

7.3.5. investment service providers, banks and other third parties;

7.3.6. internal and external liquidity hedgers.

https://amendafx.com/wp-content/uploads/Ver.-06.03.2019-Order-Execution-Policy.pdf



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