AMP Global Review
AMP Global Forex broker description
AMP Global is a popular Forex, CFDs, and Exchange-Traded Futures brokerage that CySEC regulates. This forex broker firm is revolutionizing the European trading scene while drawing inspiration from its successful counterpart across the pond, AMP Global (USA), based in Chicago, USA.
According to information on its website, AMP GLOBAL consists of a team of experienced individuals who know the ins and outs of the trading world. They aim to create an extraordinary trading platform that caters to European traders by bringing the American trading experience to Europe.
The company is part of the renowned AMP Global Group, headquartered in Chicago, USA. Their US-based entity has been serving traders since 2010, and they are well-regulated by both the CFTC and NFA as a Futures Commission Merchant (FCM).
The convenience and functionality of its website ensure that traders can swiftly access crucial information about trading account conditions and available terminals with just a few clicks. So, if you're looking to begin your trading journey, this AMP GLOBAL forex broker review is the perfect place to start.
AMP Global proudly caters to traders from all corners of the world. Clients can come from any of the following countries Italy, Colombia, Spain, Germany, Switzerland, France, Georgia, Austria, Belarus, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Egypt, Estonia, Finland, Kazakhstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Moldova, Netherlands, Norway, Poland, Portugal, Qatar, Romania, Slovakia, Slovenia, Sweden, Thailand, Ukraine, Greece, Hungary, Iceland, Indonesia, Ireland, United Arab Emirates, and the United Kingdom.
Unfortunately, AMP Global does not currently accept clients from the United States, Canada, Mexico, North Korea, Syria, Cuba, Nigeria, South Africa, or Kenya. While it is disappointing, this is likely due to regulations and circumstances varying across different jurisdictions.
Customer Service Rating
AMP Global is a verified company on Trustpilot that has captured the attention of many in the trading community. Countless traders have praised the professionalism and expertise of their customer support staff with their lightning-fast response times and eagerness to assist.
Traders also have raved about its user-friendly nature, making it easy to navigate and find what they need promptly. With a remarkable score rating of 4.7 out of 5 stars based on 408 reviews, it's clear that AMP Global is doing something right.
However, some concerns were raised by some reviewers. Some individuals expressed frustration over difficulties registering with the broker, even after providing all the necessary documentation to prove their residency. Another issue that surfaced was related to withdrawal fees. It's worth mentioning that AMP Global has denied charging any withdrawal fees. However, many other AMP GLOBAL reviews point out otherwise.
Additionally, a few traders mentioned experiencing delays or facing challenges when withdrawing. One aspect that deserves commendation is AMP Global's consistent professionalism in handling these concerns. They have taken the time to respond to every review, showcasing their commitment to addressing and resolving issues raised by their traders.
Amp Global Trading Platform
AMP Global uses the industry-leading MetaTrader 5 web trading platform. You can access MT5 for free by downloading it to your desktop or using it directly through major web browsers.
MetaTrader5 (MT5): The MT5 is built to handle the diverse world of multi-asset trading. Traders have access to many tools and resources to enhance their trading strategies. You can customize your charts, analyze price patterns, and make well-informed decisions using over 80 built-in technical indicators and analysis tools. MT5's real-time features let traders capture market movements with 21 available timeframes; traders can also stay updated with live financial news integrated directly into the platform. MT5's Advanced Market Depth feature provides a comprehensive view of liquidity and order book data. And with the MQL5 Wizard on offer, traders have the power to create their auto-trading robots. As an AMP Global client, you also gain access to StereoTrader, an exclusive plug-in for the MT5 terminal. This powerful addition enhances your trading experience with remarkable functionalities. For those who thrive on short-term trading, StereoTrader provides an easy-access scalping terminal. StereoTrader manages trades effectively, even when you're away from your screen, by allowing you to define automated exit strategies based on growth, equity, or time.
Type of Trading Accounts on Amp Global
AMP Global keeps it simple and streamlined in terms of the accounts it offers. They offer one account type that caters to all retail customers, ensuring a consistent and inclusive trading environment.
Corporate Account: AMP Global covers you whether you're an individual trader or a corporate entity. Their corporate account option allows businesses to engage in trading activities seamlessly. AMP Global employs a variable spread type with minimum spreads starting at just 1.0 pip. Regarding commission fees, AMP Global's structure varies depending on the market traded. For traders who require swap-free or Islamic-friendly trading options, AMP GLOBAL caters to your needs. AMP Global operates with a Futures Exchanges/STP (Straight-Through Processing) execution model, which ensures fast and efficient trade execution. AMP Global offers leverage of up to 100:1 with a minimum deposit of just 100 USD/EUR/GBP or 6,500 RUB. For those who seek to trade large positions, AMP Global provides a maximum trade size of 100.00 lots. AMP Global's Corporate account does not support hedging but welcomes and supports scalping.
Corporate Account Specifications
Up to 100:1
100 USD/EUR/GBP or 6,500 RUB
Commission fees per lot traded
Yes (depends on the market traded)
Minimum Trade Size
Maximum Trade Size
Swap Free / Islamic Friendly trading
Yes (selected currency pairs)
Trading Denominations on Amp Global
At AMP Global, traders can denominate their trading accounts in various prominent currencies. You can choose USD, EUR, or GBP as your currency option.
AMP Global (USA) operates as an authorized Futures Clearing Merchant (FCM) and falls under the regulatory oversight of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). With license number 0412490, AMP Global (USA) is based at 221 N. LaSalle Street, 25th Floor, Chicago, IL 60601, USA.
AMP Global Clearing LLC provides futures trading services on renowned exchanges, including the Chicago Mercantile Exchange (CME), the Intercontinental Exchange (ICE), and the New York Mercantile Exchange (NYMEX). By introducing popular trading technologies and infrastructure from the United States, AMP Global provides European traders access to advanced tools and a robust trading environment.
Interestingly, AMP Global initially filed its application with the Financial Conduct Authority (FCA) in the United Kingdom. However, during the final stages of approval, the uncertainty surrounding Brexit led them to revise their plans. AMP Global shifted its office licensing from the UK to Cyprus to ensure efficient support for their European customers and navigate the changing business landscape.
Amp Global Licenses and Regulatory Compliance
AMP Global Ltd is a registered Cyprus company operating under the Companies Law. The company holds registration number HE 369267.
AMP Global Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) to ensure a secure and trustworthy trading environment. The company holds a license number 360/18, further reinforcing its dedication to maintaining high regulatory standards.
Amp Global Customer Protection
AMP Global carries the MiFID (Markets in Financial Instruments Directive) passport. This enables the company to provide its financial services within the European Union. The MiFID framework promotes transparency, investor protection, and fair competition across EU member states.
This broker is also part of the Investor Compensation Fund. This fund acts as an additional layer of protection for clients. Each client is insured for up to 20,000 EUR. AMP Global follows the practice of keeping client funds separate from the company's capital. Another noteworthy feature is that accounts with AMP Global are protected from a negative balance.
AMP Global ensures that traders can access assistance whenever needed by providing a support service that operates 24/5.
However, rest assured that AMP Global provides multiple channels through which clients can seek support while offering multilingual support. AMP Global offers the convenience of online chat, email, and telephone support.
The broker provides local hotline numbers for different regions, including UK +(44) 2038567788, Cyprus +(357) 22007182, Australia +(61) 291586177, Greece +(30) 2111986577, Spain +(34) 911237797, and Poland +(48) 221244800. Traders can call these numbers for direct assistance and guidance.
AMP Global has an FAQ section on its website to facilitate quick and convenient self-help support. This section answers commonly asked questions, allowing traders to find solutions to their queries without direct assistance.
AMP GLOBAL offers competitive spreads starting from just 1 pip, and commissions are applicable. The broker also has an impressive price promise that swears to match or even beat any written commission quote elsewhere.
There is a monthly data feed fee for customers who engage in ETF trading. This fee covers access to valuable market data, such as the CME market data, available for a $12 monthly fee. Additionally, for a comprehensive depth of market data, there is a $33 fee. To help traders stay informed about their trading costs, AMP Global provides an intuitive 'All-In Cost Calculator.' It's worth noting that AMP Global's trading hours may vary depending on the specific instrument traded.
AMP GLOBAL opens up a world of possibilities for clients, allowing them to diversify their investment portfolios with a wide range of tradable instruments:
Amp Global Leverage
AMP GLOBAL caters to the diverse needs of retail investors by providing access to flexible leverage options. The Leverage available to traders may vary depending on the specific instrument being traded and the trader's geographical location. Retail investors can enjoy the benefits of Leverage up to 1:100, allowing them to amplify their trading positions and potentially enhance their returns. However, customers trading under the CySEC-regulated entity, AMP Global Ltd, are subject to ESMA's margin restrictions, which were introduced in 2021. Under these regulations, clients have a maximum leverage limit of 1:30.
Deposits and Withdrawals
A minimum deposit of $100 or equivalent in other currencies is required to start trading with AMP Global. AMP Global offers a range of convenient deposit options. Traders can choose from bank wire transfers, credit/debit cards, and e-wallet services. Payments made through credit/debit cards and e-wallets often result in instant account funding. On the other hand, bank wire transfers may take up to five working days to process.
It's important to note that you can only deposit funds from accounts registered under your name. Also, when depositing funds via EUR bank transfers below €1,000, AMP Global does not charge any deposit fees, making it a cost-effective option. However, deposit fees may apply in most other circumstances. Reviewing the specific fee structure based on your chosen deposit method and amount is recommended.
€0 - €40
2-5 Working Days
€15 - €40
€5 - €40
4.50% - 5.10%
4.80% - 5.35%
Other Electronic Wallet
Dependent on the Payment Processor
At AMP Global, customers enjoy the flexibility of submitting unlimited withdrawal requests. According to information on the broker's website, it does not impose any commissions on withdrawals; however, payment systems and banks may apply their fees. The fee will depend on the withdrawal amount, currency, and chosen method.
The processing times for withdrawals will vary depending on the selected payment method. For example, withdrawals made through credit/debit cards are subject to a 2.72% charge, while Skrill withdrawals incur a 1% fee.
While same-day requests are possible, they come with an additional 0.05% charge. The crediting process is typically instant when withdrawing funds to e-wallets and cards. However, the money may take 2 to 5 business days for bank transfers to be credited to a trader's account.
Is Amp Global a Scam?
AMP Global is a registered broker and operates under the regulatory oversight of reputable authorities such as CySEC (Cyprus Securities and Exchange Commission). At the same time, its US counterpart is regulated by the NFA (National Futures Association) in the United States. These regulatory bodies enforce standards and regulations to ensure the integrity and transparency of financial services.
How do I open an Amp Global trading account?
To create a new live account with AMP Global, you must follow several steps to ensure a thorough registration process. Here's a breakdown of the requirements:
To get started, click the 'Open Live Account' icon in the top right corner of the navigation bar.
The registration process comprises six comprehensive steps requiring specific information and declarations.
You will be asked to provide personal information, including identification verification, such as a valid ID document.
It's essential to declare your previous investment experience, which helps AMP Global tailor their services to your level of expertise.
Your employment history is another aspect of the registration process, providing AMP Global with a better understanding of your financial background.
As part of the registration, you must provide economic profiling information.
The AMP Global forex broker review highlights the key aspects that make this brokerage a compelling choice for traders looking to enter the forex market. With a global presence, AMP Global caters to traders from various regions, including the USA, through its subsidiary, AMP Futures.
AMP Global is regulated and supervised by CySEC in Cyprus, providing a layer of security and transparency for clients. The National Futures Association and the Commodity Futures Trading Commission in the USA regulate AMP GLOBAL USA.
AMP Global provides the highly regarded MT5 trading platform with its user-friendly interface and advanced functionalities. Traders also have the luxury of choosing which deposit and withdrawal method best suits their needs. Leverage and spread options are important for traders, and AMP Global offers competitive terms. Maximum Leverage is as high as 100:1 with Spreads starting from 1 pip.
Founded in 2010, AMP Global has established itself as a trusted forex broker with years of experience in the industry. Another notable aspect of AMP Global is its commitment to providing excellent educational resources. Traders can benefit from a well-structured video library, informative webinars, and educational articles covering futures, forex, and CFD trading.
Contacts of AMP Global
Recent customer reviews of AMP Global
Advantages: Profitable affiliate program Analytics and training Free use
Disadvantages: There are not enough communication channels with technical support
Comment: The knowledge base includes a general idea about the markets and trading, there are materials about trading strategies and trading tactics. Analytics consists of several subcategories – expert opinions, market reviews, video reviews. Special tools and services (economic calendar, market news, bank interest rates, quotes) have become special helpers for me.
Advantages: Broker's entry into world markets The possibility of mobile trading Unlimited duration of the demo account Multilingual customer support service Multiple trading platforms
Disadvantages: Problems with withdrawal of funds (according to reviews on the web)
Comment: Excellent technical support from the broker. I encountered it for the first time, because the terminal flew off because of my own mistake, and with it all the personal information. They did everything step by step directly with me. Everything was restored, for which I thank you very much. The service, of course, is really cool here, everything is very solid.
Advantages: Good trading platform
Disadvantages: Bad service
Comment: HI, if you have ever lost any money to any broker, contact globalreclaimai website so they can build a case for you and get your funds back. AMP global wanted to deny suspending my account but when I involved globalreclaimai, they immediately opened it back.