AMP Global
Pros and Cons
Pros
- Regulated by Cyprus Securities and Exchange Commission (CySEC)
- Diverse range of trading instruments: Forex, Commodities, Indices, Stocks, Cryptocurrencies
- Multiple trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Version, Mobile App
- No deposit or withdrawal fees
- 24/5 multilingual customer support available
Cons
- No zero-spread accounts available
- Limited account types; only one standard account
- Withdrawal delays reported by some users
- No micro or cent accounts offered
- Complex registration process for new accounts
Basic Information
User Reviews
AMP Global Overview
AMP Global is an online forex broker established in Cyprus and operating for over 5-10 years. The company, officially known as AMP Global LTD, is regulated by the Cyprus Securities and Exchange Commission (CySEC). This regulatory oversight ensures that AMP Global adheres to stringent financial standards, providing traders with a level of security and compliance within the forex trading environment. The broker is dedicated to maintaining the safety of client funds, using segregated accounts in European banks to protect deposits.
Is AMP Global Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Accounts |
| National Futures Association (NFA) | United States | Segregated Accounts |
| Commodity Futures Trading Commission (CFTC) | United States | Segregated Accounts |
Is AMP Global Regulated and How Are Client Funds Protected?
AMP Global is a regulated broker, operating under the oversight of the Cyprus Securities and Exchange Commission (CySEC) and the National Futures Association (NFA) in the United States, along with the Commodity Futures Trading Commission (CFTC). This regulatory status ensures compliance with stringent financial standards, providing a level of trust and safety for clients. Client funds are protected through the use of segregated accounts, which means that traders’ deposits are kept separate from the broker’s operational funds. This practice enhances the safety of client funds, ensuring that they are not used for any other purposes. The regulatory frameworks under which AMP Global operates also impose strict rules to safeguard clients’ interests, contributing to a secure trading environment.
Trading Products and Services
What trading instruments does AMP Global offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs (e.g., EUR/USD, GBP/JPY) | Many |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US (e.g., Apple, Tesla), UK (e.g., BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
AMP Global provides a diverse range of trading instruments, allowing traders to access various markets and asset categories. With offerings in Forex, Commodities, Indices, Stocks, and Cryptocurrencies, traders can tailor their strategies to suit their individual needs, whether they are beginners or seasoned professionals. This broad selection supports portfolio diversification and enables flexible trading strategies, making AMP Global a suitable choice for traders looking to navigate the financial landscape effectively.
Account Types and Trading Conditions
What Account Types and Fees Does AMP Global Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and experienced traders | Low spreads, flexible trading strategies | Minimum deposit of $100 |
| Professional Account | Experienced traders | Higher leverage, tailored services | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Specialized trading conditions | Requires corporate documentation |
| Islamic Account | Clients practicing Islam | Swap-free trading | Available for eligible clients only |
| Demo Account | New traders | Practice trading without risk | Virtual funds provided |
Account Opening Process
To start trading with AMP Global, prospective clients need to open either a demo or a real trading account. The steps are as follows: 1. Visit the official AMP Global website and click on the “open a demo account” or “open a trading account” button. 2. Fill out the registration form with your first name, last name, telephone number, country of residence, and email address. Additionally, provide information about your professional skills, previous trading toolkit, strategies used, and financial information. Before funding the trading account, clients must complete identity verification by submitting scanned copies of their ID and proof of address. 3. After verification, users can explore the personal account features, including margin information, contract specifications, and live support options. AMP Global offers the flexibility to upgrade to a professional account later if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 0.9 | $0 (ECN: $3.5/lot) | Competitive pricing |
| CFDs (Indices) | 1.0 | $0 | Varies based on market conditions |
| CFDs (Commodities) | 1.5 | $0 | Varies with volatility |
| Cryptocurrencies (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
AMP Global has no deposit or withdrawal fees, ensuring cost-effective transactions for clients. There are no inactivity fees, allowing traders to maintain accounts without worrying about additional charges. However, clients should be aware of potential overnight interest (swap rates) applicable to certain positions. Currency conversion fees may apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does AMP Global Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | Login security (2FA), multiple order types, technical indicators, price alerts | Demo account, API interfaces |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Login security (2FA), advanced charting tools, economic calendar, push notifications | Demo account, VPS |
| Web Version | Any device with a browser | Secure login, symbol lookup, one-click trading, price alerts | Demo account |
| Mobile App | iOS, Android | Secure login, push notifications, market search, multiple order types | Demo account |
AMP Global provides a variety of trading platforms tailored to different trader needs. MT4 is well-suited for those seeking a user-friendly interface with essential features, while MT5 offers advanced tools for more experienced traders. The web version enables trading from any device without installation, emphasizing flexibility, while the mobile app ensures that trading can be conducted on the go. Each platform incorporates secure login methods, fast order execution, and effective alert systems, enhancing the overall trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 1–3 business days | No platform fee | Min $100, Max $20,000/day | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min $100, Max $10,000/day | USD, EUR |
| e-Wallets (e.g., Skrill, Neteller) | Instant | No platform fee, 1.5% charge for withdrawals | Min $50, Max $5,000/day | USD, EUR |
Minimum Deposit
AMP Global requires a minimum deposit of $100 for standard accounts. This minimum deposit applies across all payment methods and does not vary based on account type or region.
How to Withdraw
- Log in to your AMP Global account.
- Navigate to the ‘Withdraw’ section in your account dashboard.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Submit your withdrawal request and wait for confirmation.
- Monitor the status of your withdrawal in your account dashboard.
Customer Support
AMP Global Customer Support Overview
Support Channels
AMP Global offers multiple contact methods to ensure effective support for its clients. Traders can reach out via:
- Email: Clients can send inquiries to the support team through email for assistance with their accounts or trading platforms.
- Live Chat: Instant support is available through live chat, allowing for real-time assistance.
- Telephone: Customers can contact AMP Global through dedicated phone lines for direct support.
- Social Media: AMP Global maintains a presence on social media platforms for additional support and updates.
Service Availability
AMP Global provides customer support 24 hours a day, five days a week, ensuring that traders can receive help when they need it. Multilingual support is available, catering to clients from different regions and backgrounds, although specific languages are not detailed in the reference.
Additional Resources
In addition to customer support, AMP Global offers educational resources such as video tutorials and market analysis to help traders enhance their skills and strategies. These resources are valuable for both new and experienced traders looking to improve their trading experience.
Frequently Asked Questions
Yes, AMP Global is regulated by the Cyprus Securities and Exchange Commission (CySEC), as well as the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) in the United States. The broker ensures client fund security by maintaining segregated accounts, which keep traders’ deposits separate from the broker’s operational funds, thus providing an added layer of protection.
AMP Global offers a diverse range of trading instruments, including Forex (major pairs like EUR/USD and GBP/JPY), Commodities (such as Gold and Oil), Indices (like S&P 500 and NASDAQ), Stocks (both US and UK companies), and Cryptocurrencies (including BTC and ETH). This variety allows traders to choose instruments that fit their trading strategies.
AMP Global provides several account types, including Retail Accounts for beginners and experienced traders, Professional Accounts for seasoned traders with higher leverage, Corporate Accounts for corporate clients, Islamic Accounts for clients practicing Islam (offering swap-free trading), and Demo Accounts for new traders to practice without risk. Each account type has specific characteristics that cater to different user needs.
AMP Global offers customer support through multiple channels including email, live chat, telephone, and social media. The support team is available 24 hours a day, five days a week, ensuring assistance is accessible when needed. Additionally, AMP Global provides multilingual support and educational resources to help traders enhance their skills and strategies.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.