Amillex Review 2026: Regulation, Accounts, Fees and Risks

Short answer: Amillex is a CFD and forex broker whose global clients sign with Amillex Global Ltd, licensed by the FSC of Mauritius as an investment dealer since June 2024. Its ASIC licence (AFSL 559321) is limited to wholesale clients in Australia. Accounts offer leverage up to 1:500, the RAW account charges a listed US$7 commission, and the broker’s own pages contradict each other on several costs and protections.

How this review was made: we read Amillex’s global website, its FAQ, its Terms and Conditions, Disclosure Statement and withdrawal policy, plus the FSC Mauritius register, ASIC’s licensee data, the FCA warning list, IOSCO’s I-SCAN database and the RBI Alert List, as of October 2026. Amillex has no separate help centre. We have not opened a live account, so this edition has no measured spreads or withdrawal times.

Amillex in four numbers. Source: Amillex website, Terms and Conditions, Disclosure Statement and withdrawal policy, October 2026.

Amillex at a glance

Entity for global clients	Amillex Global Ltd, Mauritius, company no. 209575 GBC, FSC licence GB24203163
Other group companies	Amillex Global Pty Ltd (ASIC AFSL 559321, wholesale only) · Amillex Global LLC (Saint Vincent and the Grenadines) · a Cyprus payment agent
Founded	2014 in Sydney, according to the About page; the FSC licence dates from 2024 and the ASIC licence from 2025
Account types	Standard and RAW
Minimum deposit	No strict minimum per the FAQ; 100 USD “generally” per the Disclosure Statement; 50 to 200 USD by payment method
Commission	None on Standard · US$7 on RAW (the Disclosure Statement gives a different figure)
Leverage	Up to 1:500 on major forex pairs; default 100:1
Margin call / stop out	Notice at 80% of margin requirement, close-out at 50%
Withdrawals	50 USD minimum, 4 free a month then 25 USD each (withdrawal policy)
Platforms	MT4, MT5, WebTrader, copy trading
Not available to	US, Australia, New Zealand, Mauritius, Iran, North Korea, Cuba, Sudan, Syria, Myanmar; the FAQ adds Canada, Russia and Israel

Is Amillex safe and legit?

Amillex uses one brand for several companies. Which company holds your money decides which regulator, law and complaint route apply to you. For an account opened through amillex.com, the website and the current terms point to the Mauritius company.

Amillex entities and regulators

Entity	Regulator or status	Reference	Role according to Amillex
Amillex Global Ltd (Mauritius)	FSC Mauritius	Licence GB24203163, company 209575 GBC	Holds global clients; issues the CFDs
Amillex Global Pty Ltd (Australia)	ASIC	AFSL 559321	Australian wholesale clients only
Amillex Global LLC (St Vincent and the Grenadines)	Incorporated company; no licence named	Business company no. 4421 LLC 2026	Not described
Amillex Global Ltd (Cyprus)	None	Company HE498189	Payment agent only; no trading services

The footer of the global site lists these four companies and says Amillex Global Ltd in Mauritius is regulated by the FSC “with an Investment Dealer License with license number GB24203163” (source). The Terms and Conditions for Amillex Global Ltd say the company is authorised by the FSC “as an Investment Dealer (Full Service Dealer, excluding Underwriting)” and that the agreement is governed by the laws of Mauritius (Terms and Conditions).

What the regulators show. The FSC online public register lists “AMILLEX GLOBAL” as an SEC-2.1B Investment Dealer (Full Service Dealer excluding Underwriting), licensed on 14/06/2024, with no annotations, as of October 2026 (FSC register). The register does not show licence numbers, so GB24203163 comes from Amillex’s own documents. ASIC’s licensee data lists AFSL 559321 for Amillex Global Pty Ltd, Sydney, starting 29/05/2025, authorised to give general advice and deal in derivatives and foreign exchange contracts “to wholesale clients” (ASIC data). The Regulation page agrees: the Australian company “only provides services to Australia local wholesale clients”, products on the website are not provided by it, and there is “no recourse against the Australian entity” (source).

The About page says the group was founded in 2014 and has 200k customers (source). The regulated licences we could verify are much newer, and we found no official record of the group’s earlier history.

Inconsistencies in the paperwork

Our main reservation is the paperwork.

• The website footer links the Amillex Global Ltd (Mauritius) Terms and Conditions and a September 2026 Disclosure Statement. The separate Legal Documents page, under the heading “Amillex Global Ltd”, links November 2024 documents for Amillex LLC, “a Limited Liability Company in Saint Vincent and the Grenadines with company number 3928 LLC”, governed by SVG law (Legal Documents, LLC terms). That company number differs from the 4421 LLC 2026 shown in the footer.
• The FAQ calls the Australian company “Amillex Australia Pty Ltd” (FAQ), while ASIC and the rest of the site use Amillex Global Pty Ltd.
• The withdrawal policy writes the Mauritius licence as “GBC24203163” instead of GB24203163 (withdrawal policy). The copy linked from amillex.com returned a 404 error, so we read the copy on Amillex’s regional mirror site.

The FAQ says you are “automatically routed” to the right entity at registration and that it is “confirmed in your welcome email and account agreement”. Read that agreement and make sure it names Amillex Global Ltd and the FSC licence before you deposit.

What protection you do not get

• No ASIC retail protection: the Australian licence is for wholesale clients only, and Amillex itself excludes Australian residents from the global entity.
• No UK or EU cover: the FCA register returned no firm called Amillex (FCA register), and the Cyprus company is a payment agent only.
• No compensation scheme that we could find. Asked about one, the FAQ says only that coverage “depends on which Amillex entity your account is held under” and tells you to contact compliance. The Mauritius Disclosure Statement does not name one.
• Complaints go to Amillex first (a reply within 2 business days, then compliance within 30 days) and then to the “Office of Ombudsperson for Financial Services” in Mauritius (Disclosure Statement).

Client money

The Disclosure Statement says client funds are held in a designated trust account, separate from company money, but pooled with other clients’ money. It also says: “By using our products, you relinquish the right to any funds deposited in our designated client Accounts.” Money moved to a liquidity provider “is no longer afforded the protection of being held in trust”. The Terms and Conditions add that segregation “does not protect your money from the risk of loss” and that Amillex keeps any interest earned on it.

The homepage says trades are covered by insurance from “Eagle Insurance Ltd.” (source). We found no policy terms, limits or eligibility rules on the site, so we cannot say what that cover pays or to whom.

How Amillex makes money

The Terms and Conditions say Amillex Global “will act as principal and Market Maker”, sets the prices you trade on, and “may hold Positions that are contrary to your Position”. The Disclosure Statement calls this counterparty risk: you rely on Amillex’s ability to pay you. Its stated charges are spreads, RAW commissions and a mark-up built into swap rates.

Regulator warnings

As of October 2026 we found no warning about Amillex on the FCA warning list (FCA) and none in IOSCO’s I-SCAN database, which collects warnings from member regulators (IOSCO). Amillex is not named on the RBI Alert List. We could not open the website of the St Vincent and the Grenadines FSA.

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Amillex account types

	Standard	RAW
Spread from	0.8 pips (account page) or 1.2 pips (FAQ)	0.0 pips
Commission	0	US$7 (account page)
Leverage	Up to 1:500	Up to 1:500
Platforms	MT4, MT5, WebTrader	MT4, MT5, WebTrader
Average EUR/USD spread in the product table	1.4	1.4

Spread and commission come from the account types page (source). The FAQ describes the same accounts with Standard spreads “from 1.2 pips” in one answer and “from 0.8 pips” in another (FAQ).

RAW commission: three figures. The account page and the forex product table list a commission of 7 on RAW (product table). The Disclosure Statement says “$3.50 (USD) per 100k units” and then that a buy and sell of one standard contract costs “$6.00 (USD)” in total, which does not match its own per-side figure. Expect up to 7 USD per lot round turn until Amillex fixes this.

The product table. It calls its spreads “averages based on the historic data” and shows the same average for EUR/USD (1.4), GBP/USD (2.3) and AUD/USD (1.3) on both Standard and RAW. A raw-spread account normally quotes tighter than a standard one, so we treat these numbers as unconfirmed.

A worked example, using the account page’s figures: one standard lot of EUR/USD has a pip value of about 10 USD. At a 0.8-pip spread, a Standard round trip costs about 8 USD. On RAW, 7 USD of commission plus whatever spread is quoted. If the 1.2-pip FAQ figure applies, Standard costs about 12 USD a lot. See spread vs commission for how to compare the two.

You can open several live accounts under one login and switch types in the client portal, according to the FAQ. Verification asks for photo ID and a proof of address dated within the last 3 months, and the FAQ says most accounts are verified within 1 to 2 business hours.

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Minimum deposit

Three Amillex sources give three answers:

• The account types page and FAQ: “Amillex does not enforce a strict minimum deposit”, with a recommended starting balance of 100 to 500 USD.
• The Disclosure Statement: the first deposit is “generally USD 100”, subject to change.
• The deposits page: each payment method has its own minimum, from 50 USD on most methods to 150 USD (USDT ERC-20) and 200 USD (USDT TRC-20) (source).

In practice, the payment method minimum is the floor, so plan on at least 50 USD.

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Fees

Cost	What Amillex says
Spread	From 0.8 pips on Standard (1.2 pips in the FAQ); from 0.0 pips on RAW
Commission	US$7 on RAW per the account page; 3.50 USD per 100k units per the Disclosure Statement
Deposits	No fee from Amillex, according to the FAQ; banks and blockchain networks may charge
Withdrawals	4 free a month, then 25 USD each (withdrawal policy); the FAQ says no fee “on most methods”
Swaps	Charged or credited at the close of each trading day, tripled on Wednesday for FX, cash commodity and energy CFDs and on Friday for index and share CFDs
Swap mark-up	The Terms and Conditions say Amillex earns “a transaction fee (mark-up)” built into swap rates
Unpaid balances	Interest at 3% above LIBOR, minimum 10% a year, compounded monthly (Terms and Conditions)
Platform	MT4 and MT5 free to use, according to the FAQ

Swap-free accounts are available “subject to eligibility and additional documentation”, according to the Disclosure Statement, but we found no published fee for them. We found no inactivity fee in the documents we read. Overnight costs add up on longer trades, so read how swaps work before holding positions for days.

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Leverage, margin call and stop out

The account pages and FAQ give up to 1:500 on major forex pairs and gold, depending on your account’s jurisdiction. The FAQ lists 1:5 to 1:20 on share CFDs and up to 1:100 on indices and crypto (FAQ). The Disclosure Statement says the default account leverage “is generally set to 100:1”, and you can lower it in the client dashboard.

Margin rules, from the Disclosure Statement and Terms and Conditions:

• At 80% or less of your margin requirement, you get an automated notice on the platform.
• At 50%, your “worst offending Position”, the one with the largest loss, is closed automatically.
• Margin calls are notified through the trading platform, and the terms expect you to log in regularly to see them.

The Disclosure Statement’s own example shows a weekend gap taking an account past the 50% level before anyone can act. Our guide to margin calls and stop outs explains the maths.

Negative balance protection: the pages disagree

• The FAQ says Amillex provides negative balance protection, “ensuring you cannot lose more than the funds deposited in your account”.
• The Terms and Conditions let Amillex refuse it when it believes a negative balance came from “misconduct or market abuse”.
• The Disclosure Statement (September 2026) says: “You will remain liable for any negative balance which cannot be covered by the closing out of your Positions.” A later section adds that Amillex brings negative balances onto its own balance sheet “as a cost of business”.

The legal documents bind you, and they point both ways. Do not rely on negative balance protection until your account agreement states it plainly.

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Deposits and withdrawals

Method	Minimum deposit	Maximum deposit	Processing
USDT ERC-20	150 USD	20,000 USD	Instant
USDT TRC-20	200 USD	20,000 USD	Instant
USDT BEP-20	50 USD	20,000 USD	Instant
International UnionPay	100 USD	50,000 USD	Instant
Regional gateways (Help2Pay, ChipPay, FPX, DragonPay, THB QR, FasaPay, QR Code Pay)	50 USD	1,500 to 50,000 USD	Instant
E-wallet	50 USD	10,000 USD	Within 24 hours
Bank transfer (USD, EUR, GBP)	50 USD	No maximum	5 working days

The table is from the deposits page (source). Methods depend on your country and show in the client portal.

Withdrawals. The withdrawal policy, version 1.0 from December 2024, sets a 50 USD minimum, typical processing of 3 to 5 business days, 4 free withdrawals a month and 25 USD for each one after that. Withdrawals above 50,000 USD may need senior management approval. The FAQ is more optimistic: crypto “within a few hours of compliance approval” and bank wires in 1 to 3 business days. Expect the policy’s slower times and fee.

Other rules from the policy:

• Third-party deposits and withdrawals are not allowed. Money goes back by the method you deposited with, or by bank wire to an account in your name.
• A withdrawal after only one short trade, or no trades at all, can be treated as suspicious and sent to compliance.

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Platforms, copy trading and demo

• MT4 and MT5 on Windows, Mac, iOS and Android, plus a browser WebTrader. The platforms page says MT4 does not carry stocks and crypto, while MT5 and WebTrader do, and that WebTrader does not run EAs (source).
• Trading styles: the FAQ says EAs, hedging, scalping and high-frequency trading are allowed with no minimum hold time. The Terms and Conditions still let Amillex void profitable trades it links to “Price Latency Arbitrage” unless you prove otherwise within 30 days.
• Copy trading: followers copy strategy providers in proportion to their account size, and providers “earn a performance fee every time your copiers profit” (source). We found no published fee rate. Our copy trading explainer covers the risks.
• Demo: free on MT4 and MT5, with no time limit according to the FAQ.

Either side can close the account on 7 business days’ written notice, according to the Terms and Conditions.

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Is Amillex available in my country?

The website footer says Amillex Global Ltd does not serve residents of “the USA, Australia, New Zealand, Mauritius, Iran, North Korea, Cuba, Sudan, Syrian Arab Republic, Myanmar”, or anywhere its services would break local law (source). The FAQ adds Canada, Russia and Israel and any jurisdiction under international sanctions (FAQ). The site also says it is your job to check that you are allowed to use Amillex where you live.

United States: US residents cannot open an account. We do not suggest offshore brokers to US residents.

India: Amillex is not named on the RBI Alert List (updated 19 November 2025). The RBI says the list is not exhaustive and that a name missing from it should not be taken as authorised. Under FEMA, Indian residents may trade forex only in permitted currency pairs through RBI-authorised persons, recognised Indian exchanges or RBI-authorised platforms, and Amillex does not say it holds any Indian authorisation. If you are in India, weigh this legal risk before opening an account.

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Amillex alternatives

If you want…	Compare
Another FSC Mauritius broker with a longer record and a detailed help centre	Ultima Markets review
Retail protection with a compensation scheme	Brokers regulated by the FCA or ASIC for retail clients
The lowest cost per trade	Compare spread plus commission on the same pair across brokers

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Bottom line

Amillex offers MT4 and MT5 with a commission-free Standard account and a RAW account at a listed US$7 per lot, leverage up to 1:500, and low payment minimums from 50 USD. Its FSC Mauritius licence and ASIC entry check out, and no regulator warning came up in our searches.

The weak points are age and paperwork. Global clients sign with a Mauritius company licensed only in 2024, the Australian licence does not cover them, and the broker’s own pages disagree on spreads, commission, withdrawal fees and negative balance protection.

If you go ahead, confirm the entity in your account agreement, test a small withdrawal early, use far less leverage than 1:500, and only deposit money you can afford to lose.