AMP Global Review 2024
Website: ampglobal.com
Min. Deposit: US$ 100
Leverage: 1:30 | 1:100
Trading Platforms: MT5
Regulation: CySEC, NFA, CFTC
Headquarters: Cyprus
Founded: 2010
Updated on February 23, 2024
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In our comprehensive review of AMP Global, we meticulously analyzed the broker's services compared to a vast array of over 1000 brokers. Our evaluation process involved examining key aspects such as regulatory compliance, trading conditions, platforms offered, customer service, and additional features that distinguish AMP Global from other entities in the trading industry. Detailed comparisons and in-depth research form the foundation of our review, ensuring that our conclusions are well-informed and reliable for traders seeking a dependable Forex trading partner.
AMP Global emerges as a prominent conglomerate of financial trading companies, including AMP Global LTD based in Europe and AMP Global Clearing LLC within the USA. As a brokerage firm specializing in Forex and CFDs trading, AMP Global offers an extensive array of trading instruments across various asset classes such as Forex, CFDs, Futures, Metals, Energies, Indices, Stocks, and Crypto CFDs. With its headquarters located in Limassol, Cyprus, AMP Global is duly regulated and authorized by the esteemed European regulatory authority, CySEC, while its US counterpart operates under the stringent regulations of the NFA and CFTC. The broker is renowned for delivering competitive trading conditions, minimal spreads, and a broad spectrum of financial products, all accessible through the sophisticated MetaTrader trading platform.
Pros
Competitive trading environment
Low fees and spreads
Access to a broad range of trading instruments
Industry known MT5 trading platform
Comprehensive educational materials and resources
Cons
No 24/7 customer support
European entity lacks a top tier license
AMP Global Review Summary in 10 Points
Headquarters: Cyprus
Regulation: CySEC, NFA, CFTC
Platforms: MT5
Instruments: Forex, CFDs, Futures, Metals, Energies, Indices, Stocks, Crypto CFDs
EUR/USD Spread: 0.5 pips
Demo Account: Available
Minimum deposit: $100
Base currencies: USD, EUR, GBP
Education: Provided
Customer Support: 24/5
Overall AMP Global Ranking
Following our thorough analysis, AMP Global stands out as a reliable trading solution provider, boasting competitive pricing that caters to traders at all experience levels. The broker's extensive selection of financial products, coupled with competitive trading spreads and costs, presents an attractive option for traders. AMP Global's Overall Ranking is 8.0 out of 5.0, based on our testing and comparison with the top 12 industry-leading brokers.
Is AMP Global Safe or a Scam? ▲
AMP Global is unequivocally not a scam. The broker's operations are marked by trustworthiness and a low-risk trading environment, underscored by its authorization and regulation by the reputable Cyprus Securities and Exchange Commission (CySEC). This regulatory body enforces strict rules and standards within the financial industry to uphold high levels of integrity and protection for traders.
Is AMP Global Legit?
Yes, AMP Global is a legitimate and regulated financial trading provider, adhering to the necessary regulations for offering Forex trading services. The broker's dedication to following industry standards is evident through its regulation under the respected European authority, CySEC, which enhances the broker's credibility and operational trustworthiness.
Our Ranked AMP Global Trust Score is 8.0 out of 5.0 for its commendable reputation and services offered. Nonetheless, we recommend carrying out your due diligence, reviewing customer feedback, and considering personal factors before deciding to trade with the broker.
Client Trading Protection
AMP Global employs various measures to safeguard its trading accounts, including regulatory oversight and compliance with applicable rules and regulations. The broker also utilizes fund protection mechanisms to segregate client funds from its operational funds, ensuring client funds are protected up to €20,000, alongside offering additional protections such as negative balance protection. However, it is crucial to conduct thorough research and carefully review the broker’s documentation, legal agreements, and policies for a comprehensive understanding of the specific trading protections offered.
Leverage is a powerful instrument that enables traders to engage in the market with a significantly lower amount of capital. While it holds the potential for considerable profits, it is important to understand that it can also amplify losses. Hence, a deep comprehension of leverage's functioning and associated risks is essential before utilizing it in trading activities.
AMP Global offers leverage in accordance with the regulations of CySEC, NFA, and CFTC: European traders can access a maximum leverage of up to 1:30 for major currency pairs, with the possibility of higher leverage up to 1:100, underlining the importance of understanding leverage implications and risks. For US traders, the maximum leverage available for major currency pairs is up to 1:50.
Account Types
Based on thorough research, the broker offers a variety of account types including Standard, Islamic, Corporate, and Demo accounts to cater to the diverse needs of traders. An initial deposit of $100 is required for all account types, making it accessible for beginners and experienced traders alike.
Opening AMP Global Trading Account
The process of opening an account with this broker is straightforward and can be completed in a few minutes. To register with AMP Global, simply follow these steps:
Visit the "Open Live Account" page on the broker's website.
Fill in the necessary personal information such as name, email, and phone number.
Verify your identity by uploading the required documents (proof of residence, ID, etc.).
Complete an electronic quiz to confirm your trading experience.
After your account has been verified and activated, you can proceed with depositing funds.
This section will be updated with relevant content when provided.
AMP Global Fees
Our analysis of the broker's fee structure reveals that AMP Global offers competitive pricing for its trading services. Notably, the broker does not levy inactivity fees but applies charges for deposits and withdrawals. Additionally, traders may incur fees during their trading activities. It is advisable for traders to thoroughly examine the broker's fee structure and terms and conditions to fully understand the charges involved and their potential impact on trading profitability.
AMP Global's fees are considered low to average, with a comprehensive rating of 4.0 out of 5.0, based on our extensive comparison to over 1000 other brokers.
Our evaluation of the broker's spreads indicates that AMP Global offers competitive and variable spreads, with an average spread of 0.5 pips for the EUR/USD currency pair in the Forex market. It's important to note that spreads may fluctuate based on market conditions, volatility, and liquidity. Therefore, traders are encouraged to consult the broker's website or reach out to their customer support for more detailed information on the spreads available for specific instruments and account types. AMP Global's spreads are ranked as low to average, with an overall rating of 4.3 out of 5.0, in comparison to other brokers. Our findings show that the Forex spread is lower than the industry average of 1.2 pips, and the spreads for other instruments are also competitive.
In our comprehensive review, we found that the broker facilitates a variety of payment methods for traders, making it easier to deposit funds into their trading accounts promptly. This includes traditional bank transfers, credit/debit cards, and modern e-wallets like Skrill and Neteller, among others. It's worth noting that some payment methods might have specific requirements depending on the financial institution involved.
The broker's funding methods received a commendable rating of 4.3 out of 5. This is due to the low fees associated with transactions and the ability to choose from various account-based currencies, enhancing the overall trading experience.
Pros
Variety of payment options
Low transaction fees
Multiple account currencies supported
Cons
Certain methods may have specific requirements
Deposits and Withdrawals Details:
To initiate trading, clients are required to deposit a minimum of $100. This is significantly lower compared to the industry standard, which often hovers around $500. The broker's approachable minimum deposit makes it more accessible for a wider range of traders.
Regarding withdrawals, the process is designed to be both convenient and swift, with the broker typically processing requests within one day. Here's a step-by-step guide to withdrawing funds from your trading account:
1. Log in to your account
2. Select 'Withdraw Funds' in the menu tab
3. Enter the withdrawal amount
4. Choose your preferred withdrawal method
5. Complete the electronic request form
6. Confirm your withdrawal information and submit
7. Monitor the status of your withdrawal through your Dashboard
The MetaTrader 5 trading platform is available to traders, known for its robust features, user-friendly interface, advanced charting tools, and comprehensive trading capabilities. Our assessment places the AMP Global Platform at a solid 4.3 out of 5 in comparison to a pool of 1000 brokers. Its high rating is attributed to the advanced features of MT5, although the lack of alternative platforms may be seen as a limitation for some traders.
Pros
Access to the advanced MetaTrader 5 platform
Comprehensive charting tools and trading signals
Automated trading features
Cons
No alternatives to the MT5 platform
Trading Tools:
The platform offers an array of charting tools, diverse timeframes, trading signals, technical indicators, and additional features to enhance the trading experience. Moreover, MT5's automated trading capabilities allow traders to analyze market trends effectively and fine-tune their market entry and stop-loss strategies for optimal outcomes.
Customer support is available 24/5 via phone, live chat, email, and social media channels. The team comprises trading experts capable of providing technical support, analysis recommendations, and assistance with general inquiries and operational issues. Our evaluation of AMP Global's customer support stands at 4.0 out of 5, reflecting the team's responsiveness and efficiency in addressing client needs during working hours.
Pros
Responsive customer support
Multiple channels of communication
Expert assistance available
Cons
Limited weekend support
The broker offers a comprehensive suite of educational materials, including how-to videos, webinars, and learning materials tailored for both novice and seasoned traders. These resources provide valuable insights that can help traders make informed decisions. Our research ranks AMP Global's educational offerings at 4.3 out of 5, highlighting the quality and accessibility of their learning materials.
Pros
Wide range of educational materials
Suitable for all levels of traders
Valuable insights for making informed decisions
Cons
Could benefit from more advanced topics
AMP Global stands out as a reliable and regulated brokerage firm, offering access to a diverse array of trading instruments across multiple markets. Its competitive trading conditions, coupled with the availability of the MetaTrader 5 platform, make it an appealing choice for a broad spectrum of traders. The wide range of comprehensive educational materials further enhances its value proposition, catering to the educational needs of traders at all levels.
Overall, our review concludes that AMP Global provides a competitive trading environment. However, we recommend that traders conduct their own research and consider whether the broker's offerings align with their trading objectives. AMP Global is highly recommended for:
European traders
Enthusiasts of the MetaTrader 5 platform
Currency trading enthusiasts
US clients interested in futures trading
Both beginners and advanced traders
Those seeking STP execution and competitive pricing
Users interested in EA/Auto trading
Individuals in search of quality educational materials
