Amega is a Mauritius-based execution-only broker that runs its entire trading environment on MetaTrader 5, pairing a $20 minimum deposit with leverage of up to 1:1000 across roughly a hundred instruments spanning forex, shares, indices, commodities, metals, and energy. The broker positions itself around straightforward pricing (three account tiers, no dealing desk) and a fast, largely automated identity-verification process rather than a wide product lineup.
| Category | Details |
|---|---|
| Operating Company | Amega Global Ltd |
| Headquarters | Republic of Mauritius |
| Regulator | Mauritius Financial Services Commission (FSC) — Investment Dealer License |
| Trading Platform | MetaTrader 5 (desktop and web) |
| Execution Model | STP / no dealing desk |
| Account Types | Standard, RAW, Islamic |
| Minimum Deposit | $20 (all account types) |
| Maximum Leverage | Up to 1:1000 |
| Negative Balance Protection | Yes, automatic |
Account Types
Amega offers three account tiers, all sharing the same $20 minimum deposit and 1:1000 maximum leverage — the difference is purely in how trading costs are charged.
| Feature | Standard | RAW | Islamic |
|---|---|---|---|
| Pricing model | Spread only, no commission | Tighter spread + per-side commission | Spread only, no commission |
| Typical spread | From 0.1 pips | From 0.1 pips (lower on average) | From 0.1 pips |
| Base currency | USD | USD or NGN | USD |
| Overnight swap | Standard swap applies | Standard swap applies | Swap-free |
| Best for | Most retail traders | Scalpers, EAs, high-frequency strategies | Traders following Sharia-compliant terms |
The RAW account’s per-side commission is asset-dependent: roughly 0.0035% of notional value on forex, 0.002% on metals such as gold and silver, and no commission at all on energy instruments like crude oil and natural gas — where its cost structure matches the Standard account. Minimum trade size across all three tiers is 0.01 lots (a micro lot).
Regulation and Corporate Structure
Amega is operated by Amega Global Ltd, licensed by the Financial Services Commission (FSC) of Mauritius as an Investment Dealer. Mauritius operates its financial services framework under English common law, and the FSC — as the country’s non-bank financial services regulator — requires licensed dealers to maintain minimum paid-up capital, submit to independent financial audits, and appoint a dedicated compliance officer responsible for AML/CFT (anti-money-laundering / counter-terrorist-financing) compliance.
It’s worth noting that an FSC Mauritius license sits below tier-1 regulators such as the UK’s FCA or Australia’s ASIC in terms of regulatory strength — traders weighing regulatory protection heavily should factor that in.
Client funds are held in segregated accounts at institutional banks, separate from Amega’s own operating capital, and every retail account carries automatic Negative Balance Protection: if a fast market move pushes equity below zero, the broker absorbs the shortfall and resets the balance to zero rather than pursuing the trader for the difference.
Order Execution and Risk Controls
Amega routes orders on a straight-through-processing basis to a pool of liquidity providers rather than taking the opposite side of client trades itself, so its revenue comes from spread/commission on volume rather than from client losses — the usual argument in favor of an STP/no-dealing-desk structure. Execution is at the prevailing market price, meaning slippage (positive or negative) is possible during fast-moving news events, consistent with genuine market execution rather than a fixed-price dealing desk.
Because leverage runs up to 1:1000, Amega applies margin call and stop-out thresholds that automatically start closing the most-loss-making open position first if account equity falls too far, working alongside Negative Balance Protection to cap downside at the account balance.
Account Opening and Verification
Signing up starts with email registration, followed by a KYC (Know Your Customer) check handled through the third-party verification provider Sumsub. The process covers three areas: a government-issued proof of identity (passport, national ID, or driver’s license), a live selfie matched against that document (liveness/face-match detection), and a proof-of-residence document dated within the last three to six months (utility bill, bank statement, or local tax bill — mobile phone bills are not accepted).
Where fully automated document checks pass, verification can complete in roughly six seconds; in some regions Amega instead cross-references official government databases directly, which the broker states can approve an account in a fraction of a second without any manual document upload. Accounts that can’t be verified automatically go to Amega’s compliance team for manual review, which takes longer.
Deposits and Withdrawals
Amega charges no deposit fees on its own end and supports a mix of e-wallets (Skrill, Neteller, Sticpay), regional options such as Ovo and Dana for Southeast Asia and DusuPay for African markets, and traditional bank wire transfers. E-wallet deposits are typically instant; bank wires generally take three to five business days to clear, and any correspondent-bank fees along the way are outside Amega’s control.
Withdrawals follow the standard industry return-to-origin rule: funds go back to whichever method and account originally funded the deposit, and only once the original deposit amounts have been refunded can additional trading profit be withdrawn to a bank account or a previously-used e-wallet. Amega does not charge withdrawal fees itself; e-wallet payouts typically clear within a few hours of approval, while bank wires again take three to five business days. A full, unexpired KYC status and sufficient free margin (accounting for any open positions) are required for a withdrawal to process.
Cashback Loyalty Program
Verified accounts are automatically enrolled in Amega’s cashback program, which pays a fixed rebate per standard lot (100,000 units) traded, regardless of whether the underlying trade was profitable. Rebates land in the trader’s Amega wallet as unrestricted funds — usable as margin or withdrawable like any other deposited balance.
Platform and Data Security
Amega encrypts data between the MT5 client and its trade servers, secures its client portal (where KYC documents and payment details are handled) with SSL/TLS, and states its infrastructure undergoes periodic third-party penetration testing along with DDoS-resilient server redundancy. None of this is unusual for a regulated broker, but it’s a reasonable baseline to expect before uploading identity documents to any platform.
Strengths and Weaknesses
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Bottom Line
Amega’s pitch is simplicity and low entry cost: a $20 minimum deposit, a single well-supported platform in MT5, three clearly-differentiated account types, and fast onboarding. The trade-off is a smaller instrument list than multi-asset competitors and a regulatory footprint limited to Mauritius rather than a tier-1 jurisdiction. It’s a reasonable fit for MT5-focused traders — including scalpers and EA users drawn to the RAW account’s commission structure — who are comfortable with an offshore-regulated broker and don’t need access to markets beyond forex, shares, indices, commodities, metals, and energy.
