Amenda Markets In-Depth Review | Is Amenda Markets Reliable? A Complete Analysis of Regulatory Compliance, Trading Conditions, Deposits and Withdrawals, and User Reputation

1. Brand Background and Development History

• Full company name : Amenda Markets Ltd.

• Founded : 2011

• Headquarters location : Riga, Latvia

• User coverage : Mainly Baltic region + EU customers , gradually expanding to the Asian market

• Official website : https://www.amenda.com is currently closed

Amenda Markets is a Riga-based financial company with a significant market share in the Baltic states. Over a decade after its founding, it has consistently prioritized compliance, low costs, and transparent execution , distinguishing itself from some forex brokers that rely on offshore licenses.

Unlike some brokerages registered in Seychelles or Vanuatu, Amenda maintains EU compliance through a combination of EU regulation and the MiFID II passporting system . This means it is not only regulated by the Financial Conduct Authority (FCMC) in Latvia, but also licensed to operate in other EU countries, such as Germany, France, and the Netherlands.

2. Trading Account and Trading Conditions

• Leverage : Up to 1:30 (compliant with ESMA restrictions)

• Spread measurement :

• London opening session: EUR/USD stabilizes at 0.2–0.3 pips

• Non-farm payrolls: The spread instantly widened to 1.8 points, but fell back within 2 minutes

• Execution mode : NDD + STP/ECN, no trader intervention

• Suitable for : medium and high frequency traders, algorithmic traders, cost-sensitive professional investors

Amenda Markets offers a relatively simple yet transparent account structure. The Pro account offers clear commission pricing, making it suitable for day trading and scalping strategies.

III. Supervision and Compliance

Regulatory features:

• Strictly regulated by the Latvian Financial and Capital Market Commission (FCMC)

• Comply with EU MiFID II regulations and provide cross-border services within the EU through the passporting system

• Client funds are completely isolated from company funds and stored in EU licensed banks

• Investors benefit from the EU Investor Compensation Fund (up to €20,000)

👉 FCMC official regulatory page {:target="_blank"}

📌Regulatory Comparative Analysis

• UK FCA : FSCS compensation limit is £85,000, higher than FCMC's €20,000

• Cyprus CySEC : ICF compensation limit is €20,000, the same as FCMC, but the supervision is weaker

• Australia ASIC : No compensation mechanism, but strict supervision and comprehensive fund segregation requirements

Overall, the FCMC's regulatory intensity is medium to strong in the EU, stricter than Cyprus and close to the standards of the Nordic financial markets.

Case extension

In recent years, EU regulations have tightened, and several small brokerage firms have had their licenses revoked due to non-compliant fund segregation practices. These cases highlight the regulatory compliance and stability that have enabled Amenda Markets to maintain its long-term license.

IV. Trading Products and Market Coverage

• Forex : 40+ major and niche currency pairs

• Commodities : gold, silver, crude oil

• Index CFDs : Covering major US and European stock indices

• Cryptocurrency CFDs : BTC, ETH, etc.

📌 Comparison: Amenda Markets' product coverage isn't as broad as that of multi-asset brokers like Saxo Bank and IG, but it offers deep liquidity and tight spreads across its core categories (forex, gold, and crude oil), making it suitable for focused traders.

5. Trade Execution and Technical Performance

• Platform support : MT4 + FIX API

• Measured latency : 120–150ms

• Slippage performance : 95%+ transaction rate, ±0.2 points slippage

• FIX API application scenarios :

• High-Frequency Trading (HFT)

• Quantitative trading strategies

• Hedge funds connect to liquidity pools

👉 MetaTrader 4 Platform Introduction

📌Platform selection comparison

• MT5 : More trading categories, but Amenda has not yet introduced

• cTrader : Deeper secondary quotes offer greater transparency, but a smaller user base.

• MT4 + API : Taking into account both mainstream usage and professional needs is Amenda's core competitiveness

Supplementary measurements

• London Open : EUR/USD unilateral transaction delay 120ms, slippage 0.1 pip

• Non-farm payroll data : Slippage widened to ±0.6 points, but no orders were rejected

• Asian session : 90ms delay, spread as low as 0.2 pips

6. Deposit and Withdrawal Methods and Time Limits

• Deposit : SEPA bank transfer, Visa/Mastercard, Skrill

• Withdrawal : Return via the same path

• Actual experience :

• Skrill deposits: 10 minutes

• Bank transfer withdrawal: 36 hours, handling fee around €10

📌Comparison :

• Similar to Saxo and IG, Amenda mainly relies on the EU payment system and does not accept USDT and BTC deposits, which makes it lack flexibility.

• The advantage is that the funds are clearly destined for the country and the compliance is high , which is more secure than some offshore brokerages.

7. Customer Service and Additional Features

• Contact : [email protected]

• Tel : +371 6616 4335

• Language support : English, Latvian, Russian

• Educational resources : Market briefings, forex basics course

• Additional Features : Institutional-Grade Liquidity + FIX API

📌 Customer Service Experience:

• Email response: about 6 hours

• Phone support: Faster during EU working hours

• Cons: No 24/7 online customer service

8. Media and User Reviews

• FXEye : Evaluated as a "compliant niche platform" with clear supervision.

• TraderKnows : Emphasizes its low spread advantage , but has limited market coverage.

• ForexPeaceArmy user : Most positive reviews focus on stable deposits and withdrawals , while negative feedback mainly focuses on insufficient educational content .

• BrokerHiveX community feedback : Amenda is considered a small EU broker with high transparency and suitable for professional users.

👉 BrokerHiveX Rating Criteria Description {:target="_blank"}

IX. Risk Warning

• Investor compensation limit of €20,000, lower than the UK FSCS £85,000

• Product coverage is limited and not suitable for investors pursuing stocks/ETFs/futures

• Account opening for non-EU clients may involve offshore entities, so please carefully confirm the contract terms.

• The customer service system is more "European-based" and not as global as IG and eToro.

🔹 BrokerHiveX Overall Rating

• Regulation : 8/10

• Pricing : 8/10

• Execution : 7/10

• Funding : 7/10

• Support : 7/10

• Education : 6/10

• Product Range : 6/10

• Platforms : 7/10

Overall Rating: 7.1/10 — EU compliance and transparency, low spreads, suitable for professional traders.

10. Conclusion and Applicable Population

Amenda Markets is a small, compliant EU brokerage firm with the following advantages:

• EU regulation, clear fund segregation

• Transparent spreads and stable execution quality

• Suitable for medium-high frequency and professional traders

However, for retail investors seeking multiple assets, rich educational resources, and global customer service support , it may not be as suitable as large platforms such as IG and eToro.