- What is AMP Global?
- AMP Global Pros and Cons
- Is AMP Global Safe or a Scam?
- Deposits and Withdrawals
- Trading Platform
- Customer Support
Our Review Method
- 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see trading conditions and give expert opinions about AMP Global.
What is AMP Global?
AMP Global is a group of financial trading companies consisting of AMP Global LTD European entity and AMP Global Clearing LLC in the USA. AMP Global (Europe) is a Forex and CFDs trading brokerage firm offering a variety of trading instruments in different asset classes including Forex, CFDs, Futures, Metals, Energies, Indices, Stocks, Crypto CFDs, and more.
Based on our research, the firm is headquartered in Limassol, Cyprus, and is regulated and authorized by the reputable European regulatory body CySEC. AMP Global US entity is authorized as a Futures Clearing Merchant regulated by NFA and CFTC in the USA.
Overall, the broker provides competitive trading conditions, low spreads, and a diverse range of financial products through the advanced MetaTrader trading platform.
AMP Global Pros and Cons
When considering AMP Global as your Forex trading broker, you should carefully consider the benefits and drawbacks as well. For the pros, the broker offers a competitive trading environment, low fees, and spreads, as well as access to a range of trading instruments, and the industry-known MT5 trading platform. The firm also provides comprehensive educational materials, resources, and a help center.
For the cons, there is no 24/7 customer support available. Additionally, the European entity does not hold a top-tier license, which could be a concern for traders who prioritize brokers with higher regulatory credentials.
|European license and oversee
|No 24/7 customer support
|No top-tier license
|MT5 trading platform
|Good trading conditions
AMP Global Review Summary in 10 Points
|CySEC, NFA, CFTC
|Forex, CFDs, Futures, Metals, Energies, Indices, Stocks, Crypto CFDs
|💰 EUR/USD Spread
|🎮 Demo Account
|💳 Minimum deposit
|💰 Base currencies
|USD, EUR, GBP
|☎ Customer Support
Overall AMP Global Ranking
Per our analysis, AMP Global provides reliable trading solutions with competitive pricing, which is an advantage for all levels of traders. Moreover, the broker’s extensive selection of financial products, with competitive trading spreads and costs presents an appealing proposition to traders.
- AMP Global Overall Ranking is 8 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry-leading brokers.
AMP Global Alternative Brokers
According to a thorough evaluation of several factors such as trading conditions, regulatory compliance, spreads, financial instruments, and user feedback, we have compiled a list of alternative brokers that could be considered as alternatives to AMP Global.
- ZFX – Competitive Pricing
- RCG Markets – Tight and Competitive Spreads
- FBK Markets – Competitive Trading Conditions
Is AMP Global Safe or Scam?
No, AMP Global is not a scam. The broker is trustworthy ensuring a low-risk trading environment. It is authorized and regulated by the well-regarded Cyprus Securities and Exchange Commission (CySEC). This regulatory authority imposes strict rules and regulations to ensure high standards in the financial industry.
Is AMP Global Legit?
Yes, AMP Global is a legit and regulated financial trading provider that follows the necessary regulations for offering Forex trading services. The broker’s commitment to compliance with industry standards is evident through its regulation under a respected European authority. The fact that AMP Global operates under CySEC regulation instills an additional level of trust and confidence in the broker’s operations.
See our conclusion on AMP Global Reliability:
- Our Ranked AMP Global Trust Score is 8 out of 10 for the good reputation and services provided. However, we recommended conducting your research, reviewing customer feedback, and considering personal factors before deciding to engage with the broker.
|AMP Global Strong Points
|AMP Global Weak Points
|Account balance protection
|No top-tier license
|Up to €20,000 protection for each client
|Solid regulatory framework
|Client fund segregation
Client Trading Protection
AMP Global implements various measures to protect its trading accounts. These typically include regulatory oversight, ensuring compliance with applicable rules and regulations. The broker also maintains fund protection mechanisms to keep client funds separate from the broker’s operational funds. Client funds are protected up to €20,000, and the company offers additional protections, including negative balance protection.
However, conduct thorough research and carefully examine the broker’s documentation, legal agreements, and policies. This will provide a comprehensive understanding of the specific trading protections offered by the broker, as trading conditions can vary across jurisdictions.
AMP Global Leverage
Leverage is a valuable tool that allows traders to participate in the market with a smaller amount of capital. While it can potentially result in significant profits, it is important to recognize that it can also lead to substantial losses. Therefore, you should have a thorough understanding of how it operates and the potential consequences associated with its use before engaging in any trading activities that involve leverage.
AMP Global leverage is offered according to CySEC, NFA, and CFTC regulations:
- European traders are eligible to use a maximum of up to 1:30 for major currency pairs. However, the website states the potential for higher leverage of up to 1:100, so understanding the implications and risks associated with leverage is crucial before making decisions about its use in trading.
- US traders may use a maximum of up to 1:50 for major currency pairs.
Per our research, the broker offers Standard, Islamic, Corporate, and Demo accounts that might suit the needs of different traders. The initial deposit required for all account types is $100.
|Low minimum deposit
|Fast and easy account opening
|Variety of account types
Opening AMP Global Trading Account
Opening an account with a broker is quite an easy process, as you can log in and register with AMP Global within minutes. Just follow the opening account or sign-in page and proceed with the guided steps:
- Select and Click on the “Open Live Account” page
- Enter the required personal data (Name, email, phone number, etc.)
- Verify your personal data by uploading documentation (residential proof, ID, etc.)
- Complete the electronic quiz confirming your trading experience
- Once your account is activated and proven, follow with the money deposit.
AMP Global provides access to popular trading instruments, such as Forex, CFDs, Futures, Metals, Energies, Indices, Stocks, and Crypto CFDs. We found that the broker enables traders to diversify their portfolios and participate in various markets according to their needs and trading strategies.
- AMP Global Markets Range Score is 8.5 out of 10 for a wide range of trading product selections.
AMP Global Fees
After examining the broker’s fee offering, we found that the broker provides competitive pricing for its trading services. While the broker does not impose inactivity fees, it charges for both deposits and withdrawals. Also, additional fees may be incurred during trading activities.
Therefore, carefully review the broker’s fee structure and terms and conditions to gain a comprehensive understanding of the associated charges and their potential impact on trading operations.
- AMP Global Fees are ranked low or average with an overall rating of 7.9 out of 10 based on our testing and compared to over 500 other brokers.
|AMP Global Fees
|FBK Markets Fees
Based on our test trade, the broker provides competitive and variable spreads, with an average spread of 0.5 pips for the EUR/USD currency pair in the Forex market. However, spreads can vary based on market conditions, volatility, and liquidity, so consult the broker’s website or contact their customer support for detailed information on the spreads they offer for specific instruments and account types.
- AMP Global Spreads are ranked low or average with an overall rating of 8.5 out of 10 based on our testing comparison to other brokers. We found Forex spread lower than the industry average of 1.2 pips and the spreads for other instruments are competitive too.
|AMP Global Spread
|FBK Markets Spread
|EUR USD Spread
|Crude Oil WTI Spread
Deposits and Withdrawals
Per our research, the broker offers a variety of payment options for traders to instant deposit funds into their trading accounts including bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, etc. However, certain funding methods may have specific requirements based on the client’s bank or other financial institutions involved.
- AMP Global Funding Methods we ranked good with an overall rating of 8.5 out of 10. Fees are low, and also you can benefit from various account-based currencies.
Here are some good and negative points for AMP Global funding methods:
|Variety of funding methods
|Fast digital deposits
AMP Global Minimum Deposit
To open a live trading account with the broker, clients need to deposit $100 as an initial deposit amount for all trading accounts.
AMP Global minimum deposit vs other brokers
|Most Other Brokers
AMP Global Withdrawals
Based on our analysis, the withdrawal process is both convenient and swift. The broker typically processes withdrawal requests within one day.
Withdraw Money from AMP Global Step by Step:
To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:
- Login to your account
- Select Withdraw Funds’ in the menu tab
- Enter the withdrawn amount
- Choose the withdrawal method
- Complete the electronic request with the requirements
- Confirm withdrawal information and Submit
- Check the current status of withdrawal through your Dashboard
Traders have access to the popular MetaTrader 5 trading platform while trading at AMP Global. The platform is widely recognized in the industry for its robust features, user-friendly interfaces, advanced charting tools, and comprehensive trading capabilities.
- AMP Global Platform is ranked good with an overall rating of 8.5 out of 10 compared to over 500 other brokers. We mark it as good since it offers the advanced MT5 trading platform, however, the broker does not have any other alternatives.
|AMP Global Platforms
|FBK Markets Platforms
We found that the platform offers a range of charting tools, diverse timeframes, trading signals, technical indicators, and other features. Additionally, MT5 offers automated trading features that empower traders to recognize market trends and optimize their approaches to market entry and stop-loss strategies.
The broker offers 24/5 customer support via phone, live chat, email, social media channels, etc. Also, the support team includes trading experts who can assist with technical support, analysis recommendations, general inquiries, and operational issues.
- Customer Support in AMP Global is ranked good with an overall rating of 8 out of 10 based on our testing. The support team is responsive during working days, ensuring efficient assistance.
See our find and ranking on Customer Service Quality:
|No 24/7 customer support
|Phone support, email, live chat, etc.
AMP Global Education
Lastly, the broker’s educational materials cover a range of resources, how-to videos, webinars, and learning materials, catering to both beginners and experienced traders, and providing valuable insights to assist traders in making informed trading decisions.
- AMP Global Education ranked with an overall rating of 8.5 out of 10 based on our research. We found that the broker offers good learning materials suitable for all levels of traders to enhance their knowledge.
AMP Global Review Conclusion
In conclusion, AMP Global is a reliable and regulated brokerage firm, that provides access to a diverse range of trading instruments across multiple markets. The firm’s competitive trading conditions make it an attractive option for both beginners and advanced traders.
Moreover, the availability of the advanced MT5 trading platform caters to various trading strategies, appealing to all levels of traders. Also, the broker offers its clients a valuable advantage through a wide range of comprehensive educational materials.
Overall, we found that the firm provides a competitive trading environment. However, we advise conducting your research and evaluating whether the broker’s offerings align with your trading needs.
Based on Our findings and Financial Expert Opinions AMP Global is Good for:
- European traders
- Traders who prefer the MT5 trading platform
- Currency trading
- US clients for futures trading
- Advanced traders
- STP execution
- Competitive pricing
- EA/Auto trading
- Good learning materials
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