FXamo

• Categories: Forex brokers, Ratings

About FXamo

FXamo is a brokerage firm that caters to the needs of traders in Russia. One of the standout features of the company is its proprietary trading platform.

FXamo distinguishes itself by making the following commitments to traders:

• Transparency: the absence of hidden fees, clear trading terms, tight spreads, and leverage up to 1:500.

• High-quality service: effortless account setup, access to technical support and tools.

• Ongoing improvement: trader education, analytical assistance, and access to real-time news.

Main Facts about FXamo

1. FXamo was established in 2008.

2. Over the past 12 years, the company has amassed millions of clients, ranging from individuals to banks and brokerage firms.

3. In 2012, FXamo secured approval from the Financial Conduct Authority (FCA) in the UK and was granted an FCA license.

4. The domain fxamo.com was acquired by the broker in November 2016.

5. In February 2019, FXamo obtained the Vanuatu Financial Services Commission (VFSC) license from the financial regulator in the offshore region of Vanuatu.

Regulation and Company Documents

FXamo claims to be regulated by two entities, but the FCA license is not visibly displayed on the website. However, the VFSC license with the number 15632 has been made publicly available.

Trading Conditions and Instruments

The company provides access to 700 instruments, encompassing currency pairs, cryptocurrency pairs, and CFDs on various assets.

FXamo gives users the choice of four account types, each with distinct conditions.

1. DEMO. An account for practice with a “play” balance of $10,000.

2. Easy Start. Requires a minimum deposit of $500, leverage of 1:20, and instant execution.

3. Optimal. Requires a minimum deposit of $1,000, leverage of 1:500, offers trading in cryptocurrencies, and includes deposit insurance.

4. Professional. Requires a minimum deposit of $10,000, same conditions as the Optimal package, additional deposit protection, and round-the-clock support.

FXamo Platform

The FXamo platform is segmented into four functional areas to facilitate efficient trading management.

Personal Account

The FXamo personal account consists of four tabs that enable users to manage their profiles, carry out deposit and withdrawal transactions, view transaction details, and review the company’s terms and conditions.

Education and Analytics

FXamo offers personalized and group training sessions for traders, along with access to analytical resources and an economic calendar.

Contacts

For inquiries and information, you can reach out to FXamo representatives via email at support@fxamo.com. Additionally, a feedback form is available for consultations.

The company maintains offices in the UK, Brazil, and China. Contact phone numbers are listed on the website.

Conclusion

Selecting a dependable broker is a crucial decision for traders. Explore the offerings, utilize educational resources and analytics to make an informed choice. FXamo looks forward to welcoming you as one of its clients!

This review has been prepared by the specialists at ExpertsReview.