AMarkets vs MIFX Forex Broker Comparison
A head-to-head comparison of AMarkets and MIFX across regulation, trading costs, platforms, and editorial scoring.
SVG FSA-regulated broker with genuine ECN conditions on MT4, MT5, and cTrader, a well-regarded PAMM system, and an established following in Russia, Ukraine, and Central Asia.
VS
One of Indonesia's longest-standing domestically-regulated brokers, holding both BAPPEBTI and OJK licences - the benchmark for local regulatory compliance.
Our Verdict
Too close to call
AMarkets and MIFX are extremely closely matched with scores of 3.8/5 and 3.8/5. The right choice depends on your individual trading priorities.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
AMarkets offers tighter spreads from 0 pips vs 1.5 pips for MIFX, reducing trading costs.
Best for safety & regulation
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for platform choice
Recommended
MIFX offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
Both brokers share the same editorial score of 3.8/5, but MIFX requires a lower minimum deposit ($30 vs $100 for AMarkets), making it more accessible for new traders.
AMarkets vs MIFX: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.8/ 5 | 3.8/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.4 / 5 | 3.7 / 5▲ |
Fees & Spreads 30% weight | 4.0 / 5▲ | 3.9 / 5 |
Platforms & Tools 20% weight | 4.1 / 5▲ | 3.8 / 5 |
Customer Support 10% weight | 3.9 / 5 | 3.9 / 5 |
| Founded | 2007 | 2003 |
| Headquarters | Kingstown, Saint Vincent and the Grenadines | Jakarta, Indonesia |
| Min deposit | $100 | $30 |
| Spreads from | 0 pips | 1.5 pips |
| Commission / lot | $6/lot | N/A |
| Max leverage | 3000:1 | 100:1 |
| Withdrawal fee | Free | Free |
| Regulators | SVGFSA | BAPPEBTI OJK |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit AMarkets | Visit MIFX |
AMarkets vs MIFX Forex Broker Pros & Cons
Pros
MT4, MT5, and cTrader all available
Competitive $6 round-turn ECN commission
Mature PAMM platform with full performance transparency
No inactivity fee
Client funds held in segregated accounts
Raw spread account available
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Over 20 years of operation as an Indonesian-licensed broker
Holds both BAPPEBTI and OJK licences - full domestic regulatory compliance
Supports local Indonesian bank transfers for deposits and withdrawals
IDR account denomination avoids currency conversion costs
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
SVG FSA registration only - no meaningful retail investor protection
No EU or Tier 1 licensed entity
Very high leverage (3000:1) is a risk amplifier
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Cons
Only available to Indonesian residents - no international clients
Limited asset classes compared to international brokers
Leverage capped at 100:1 under BAPPEBTI rules
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
AMarkets vs MIFX: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
AMarkets
criteria win
1
MIFX
criteria win
Highlighted rows show where the two brokers differ
| Criteria | AMarkets | MIFX |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Fail |
| Compensation scheme (e.g. FSCS) | Fail | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
AMarkets vs MIFX: Frequently Asked Questions
AMarkets and MIFX share the same editorial score of 3.8/5. The right choice depends on your priorities: trading costs, platform preference, or regulatory coverage.
AMarkets offers tighter spreads starting from 0 pips, compared to MIFX's spreads from 1.5 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
MIFX has a lower minimum deposit of $30, while AMarkets requires at least $100. This makes MIFX more accessible for traders with limited starting capital.
AMarkets is regulated by SVGFSA. MIFX is regulated by BAPPEBTI, OJK. Always confirm a broker's current regulatory status before opening an account.
For beginners: MIFX has a lower minimum deposit ($30), lowering the barrier to entry. Also weigh up educational resources and customer support quality before deciding.
AMarkets offers maximum leverage of 3000:1, while MIFX offers up to 100:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
AMarkets charges $6 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
AMarkets supports MetaTrader 4, MetaTrader 5, cTrader and MIFX offers MetaTrader 4, Proprietary Web/Mobile; both support MetaTrader 4; AMarkets exclusively offers MetaTrader 5, cTrader; MIFX exclusively offers Proprietary Web/Mobile.
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Score 3.8 / 5
Score 3.8 / 5
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