Score
AMP Global
Cyprus|5-10 years| https://www.ampglobal.com
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
AMPGlobalEU-Demo
United StatesInfluence
B
Influence index NO.1
Spain 5.66MT4/5 Identification
MT4/5 Identification
Full License
United StatesInfluence
Influence
B
Influence index NO.1
Spain 5.66Surpassed 74.60% brokers
Contact
Licenses
Single Core
1G
40G
Contact number
+44 20 3856 7788
+357 22 007182
Other ways of contact
Broker Information
More
AMP Global LTD
AMP Global
Cyprus
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
- This broker exceeds the business scope regulated by United States NFA(license number: 0412490)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
WikiFX Verification
Cyprus| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:100 |
| Minimum Deposit | $100 |
| Minimum Spread | 1.0 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:100 |
| Minimum Deposit | $100 |
| Minimum Spread | 1.0 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
Users who viewed AMP Global also viewed..
XM
STARTRADER
HFM
Decode Global
AMP Global · Company Summary
| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Minimum Deposit | $100 |
| Maximum Leverage | 1:100 |
| Minimum Spreads | FX spreads from 0.5 pips |
| Trading Platform | MT4, MT5 |
| Demo Account | Yes |
| Trading Assets | Forex, Crypto, Indices, Energies, Metals, Shares |
| Payment Methods | Credit/Debit Card, Unionpay, Neteller, Skrill, Bank Wire, Internal Transfer |
| Customer Support | Phone, Email, Online Chat |
Overview of AMP Global
AMP Global is a regulated financial institution with operations in multiple jurisdictions. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus and the National Futures Association (NFA) in the United States. The company offers market-making services and is categorized as a regional broker.
AMP Global provides a wide range of market instruments for trading. These include exchange-traded futures, forex, cryptocurrencies, indices, energies, metals, and shares. Each category has specific instruments with varying contract sizes, leverage, tick values, and profit and loss currencies.
When it comes to account types, AMP Global offers a single trading account, an Islamic account for swap-free trading, and a corporate account for legal entities. They also provide a demo account for practice purposes.
AMP Global offers leverage options up to 100:1 and variable spreads for trading. However, there is no information provided about the commission fees or specific minimum deposit requirements. The brokerage supports various payment methods for depositing and withdrawing funds, including credit cards, e-wallets, bank wire transfers, and internal transfers.
The trading platforms offered by AMP Global include MetaTrader 5 (MT5) for desktop, mobile, web, and MultiTerminal. They also provide the MT5 Webtrader for browser-based trading and the StereoTrader 2.5 platform for professional trading. No positive attributes or advantages of these platforms are mentioned.
AMP Global provides traders with an economic calendar as a trading tool, which helps them stay informed about economic events and announcements. The availability of educational resources is mentioned, covering futures, forex, and CFDs, but no specific details are provided about the content or quality of these resources.
Pros and Cons
AMP Global offers a range of advantages and disadvantages for traders. On the positive side, the company is regulated by reputable authorities such as CySEC and NFA, providing a level of security and oversight. Traders also benefit from a wide range of market instruments available for trading, allowing for diversification and potential profit opportunities. AMP Global offers multiple account types, including Islamic and corporate accounts, catering to specific needs. Additionally, the provision of a free demo account enables traders to practice and refine their strategies before investing real money. Traders can access the MT5 Webtrader for web-based trading and utilize the Metatrader 5 platform across various devices. Moreover, educational resources are available, assisting traders in learning about futures, forex, and CFD trading.
However, there are certain drawbacks to consider. AMP Global has faced criticism for exceeding its business scope regulated by the NFA. There have been suspicions of an overrun by regional brokers, raising concerns about the company's operations. Furthermore, there is a lack of transparency regarding commission fees, as information on this aspect is not readily available. Important details such as the NFA-regulated institution's effective date, email, website, expiry date, or trading software are also missing, which can be a disadvantage for potential clients. Traders should be aware that variable spreads are offered, with a minimum spread of 1.0 pips, which may affect trading costs. Additionally, there is limited availability of trading tools, which could limit the options for analysis and decision-making. Lastly, a minimum deposit requirement of 100 USD/EUR/GBP or 6,500 RUB may pose a barrier for traders with limited capital.
| Pros | Cons |
| Regulated by CySEC and NFA | Exceeded business scope regulated by NFA |
| Wide range of market instruments available | Suspicious overrun by regional brokers |
| Multiple account types including Islamic and corporate accounts | Lack of information on commission fees |
| Free demo account for practice trading | No information on NFA-regulated institution's effective date, email, website, expiry date, or trading software |
| Educational resources available for futures, forex, and CFD trading | Variable spreads with minimum spread of 1.0 pips |
| MT5 Webtrader for web-based trading | Limited Trading Tools |
| Metatrader 5 platform available for desktop, web, mobile, and MultiTerminal | Minimum deposit requirement of 100 USD/EUR/GBP or 6,500 RUB |
Is AMP Global Legit？
AMP Global is a regulated financial institution operating in multiple jurisdictions. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus and the National Futures Association (NFA) in the United States. The company is licensed under the name AMP Global Ltd in Cyprus and AMP GLOBAL CLEARING LLC in the United States. The CySEC license number is 360/18, and the effective date of regulation is June 4, 2018. The address of the licensed institution in Cyprus is Ayiou Athanasiou Avenue, Kaminion Street 1, 2nd floor, 4100, Agios Athanasios, Limassol, with a phone number of +35725260005. The email address for AMP Global Ltd is info@ampglobal.com, and their website is www.ampglobal.com.
Regarding the NFA regulation, the information indicates that AMP Global Clearing LLC has exceeded the business scope regulated by the NFA under license number 0412490. However, there is no available information about the effective date, email address, website, expiry date, or trading software for the institution regulated by the NFA. It is important to note that the mention of “exceeded” and the cautionary statement about the broker's business scope and lack of trading software are provided in the information provided.
Market Instruments
Exchange-Traded Futures:
AMP Global provides a range of exchange-traded futures across various market categories. These include currencies, energies, financials, grains, indices, meats, metals, and softs. Each futures contract has specific specifications outlined on the Futures Contract Specifications page, including contract size, months of trading, and tick values. Examples of futures contracts available include Micro E-mini S&P 500, E-mini Crude Light, E-mini Gold, and Lean Hog.
Forex
In the Forex category, they provide instruments like AUDCAD, AUDCHF, AUDJPY, and AUDNZD. These instruments have a contract size of 10,000 and leverage of 20:1. The minimum order volume is 0.1, and the tick values and sizes vary depending on the instrument. The profit and loss currency for these instruments are different currencies such as CAD, CHF, and JPY.
Cryptos
In the Cryptos category, AMP Global offers instruments like XBNUSD, XBTUSD, XETUSD, and XLCUSD. These instruments represent different cryptocurrencies paired with USD. The contract sizes are 1 XBN, 1 XBT, 1 XET, and 1 XLC, respectively. The leverage is 2:1, and the tick values and sizes are specified for each instrument. The profit and loss currency for these instruments is USD.
Indices
AMP Global also provides trading options in Indices, such as AUS200, EUSTOXX50, FRA40, and GDAX40. These instruments represent indices like Australia-200, Europe STOXX-50, France CAC-40, and Germany-40 DAX®. The contract sizes for these instruments are specified per point, and leverage is 20:1. The tick values and sizes are consistent across the indices, and the profit and loss currency varies depending on the instrument.
Energies
For trading Energies, AMP Global offers instruments like XBRUSD, XTIUSD, and XNGUSD. These instruments represent UK Brent (Spot), US Crude (Spot), and US Natural Gas (Spot), respectively. The contract sizes and leverage for these instruments vary, and the tick values and sizes are specified. The profit and loss currency for these instruments is USD.
Metals
In the Metals category, AMP Global provides instruments like XAUUSD, XAUUSDm, XAUEUR, XAUAUD, and XAGUSD. These instruments represent Gold (Spot), Gold (Spot Mini), Gold vs Euro, Gold vs Australian Dollar, and Silver (Spot), respectively. The contract sizes, leverage, tick values, and sizes differ for each instrument. The profit and loss currency for these instruments is USD, EUR, or AUD.
Shares
Lastly, AMP Global offers trading opportunities in Shares, including popular companies like Apple Inc., Amazon.com Inc., Alibaba Group Holding Ltd, Bank of America, Baidu.com Inc., Facebook Inc., and Alphabet Inc. - A Shares. These instruments have a contract size of 100 and leverage of 5:1. The tick values and sizes are specified for each instrument, and the profit and loss currency is USD.
| Pros | Cons |
| Wide range of market categories and instruments | Lack of detailed information on tick values and sizes for some instruments |
| Availability of exchange-traded futures | Limited leverage options for some instruments |
| Diversification opportunities with various assets | Limited contract size options for certain instruments |
| Inclusion of popular cryptocurrencies | Lack of uniformity in profit and loss currency |
| Trading options in major global indices | Lack of transparency regarding specific tick values for some instruments |
| Opportunities for trading in energy commodities | Limited availability of detailed information on leverage |
| Access to precious metals markets | |
| Ability to trade shares of popular companies |
Account Types
Trading Account: AMP Global offers one account type for all clients, without categorizing them based on deposit or trade volume. Clients can trade with the initial investment they feel comfortable with, and trading strategies are welcome. They can place orders from 0.01 lots on all instruments, up to 200.00 lots on currency pairs, and up to 50.00 lots on CFDs.
Islamic Account: AMP Global understands the needs of clients who follow the Islamic faith and offers them a swap-free trading environment. Islamic traders can trade in a rollover-free environment and set up a swap-free account. The Islamic account has no maintenance fees and provides segmentation and safeguarding of client funds. The conditions for Islamic traders are identical to those of standard traders, and the account is available to all clients.
Corporate Account: AMP Global provides corporate accounts for legal entities, allowing them to trade a wide range of instruments with custom trading conditions. To open a corporate account, the legal entity needs to request and complete the corporate account application form and submit the required documents. These include documents related to the legal entity itself, such as Memorandum & Articles of Association, Certificate of Incorporation, and Bank Statement, as well as documents for directors and shareholders owning 10% or more, such as passport copies and utility bills.
Demo Account: AMP Global offers a free demo account that provides instant access to trade risk-free. The demo account allows users to learn the functionality of the MetaTrader 5 platform, test strategies and expert advisors, and explore different trading instruments, including Exchange-Traded Futures, Forex, CFDs, and Cryptocurrencies. The demo account is accessible through desktop, mobile, and tablet devices, and it provides full access to automated or simulated trading with expert advisors. Opening a demo account is quick and easy, allowing users to practice and familiarize themselves with the platform before trading live.
| Pros | Cons |
| One account type for all clients | No categorization based on deposit or trade volume |
| Corporate accounts available for legal entities | Opening a corporate account requires a lengthy process of submitting various legal and financial documents |
| Orders can be placed from 0.01 lots on all instruments | No information provided about the duration or limitations of the demo account |
| Demo account provides risk-free trading and access to various instruments | No information provided about additional benefits or advantages specific to the Islamic Account |
| Offers swap-free Islamic account for clients following Islamic faith |
How to Open an Account
To open an account with AMP Global, follow these steps:
1. Visit the AMP Global website and locate the “Open Demo Account” or “Open Live Account” button. Choose the appropriate option based on your trading preferences (demo accounts are for practice, while live accounts involve real money).
2. Prior to starting the account opening process, ensure that you have a valid identity document (such as a passport or driver's license) readily available for verification purposes.
3. Review the agreement page presented by AMP Global. This page will outline the terms and conditions of using their services, as well as their privacy policy. Read through the agreement and, if you agree, click on the provided checkbox to confirm your agreement.
4. Proceed with the account opening process, which may include several verification steps. These steps typically involve email verification, where you will receive a verification link in your provided email address and need to click on it to confirm your email.
5. Phone verification is another step in the process. AMP Global may send you a verification code via SMS, which you will need to enter on the provided platform or webpage to verify your phone number.
6. Prepare your identity document and be ready to upload it during the account opening process. This document is required to verify your identity and ensure compliance with regulatory requirements.
7. Additionally, you will need to provide proof of residence, which can be in the form of a recent utility bill or bank statement showing your name and address. This document serves to confirm your residential address.
8. Complete any questionnaires or additional information that may be requested during the account opening process. This information helps AMP Global assess your trading needs and experience to provide you with appropriate services.
9. Once you have successfully completed the required steps and provided all necessary documents, AMP Global will review your application. If everything is in order, your account will be approved, and you will receive confirmation of your account opening.
Leverage
AMP Global offers leverage options to its traders, allowing them to amplify their trading positions. The leverage offered by AMP Global is up to a ratio of 100:1. This means that for every dollar of capital, traders can potentially control up to $100 worth of assets in their trades.
Spreads & Commissions
AMP Global offers variable spreads for trading, with a minimum spread of 1.0 pips. The spread type is variable, meaning it can fluctuate depending on market conditions. Additionally, AMP Global applies commission fees per lot traded, although the specific amount depends on the market being traded. The commission fees are not mentioned, but traders can obtain detailed information from AMP Global regarding the commission fees for specific markets.
Minimum Deposit
AMP Global has a minimum deposit requirement of 100 USD/EUR/GBP or 6,500 RUB. This minimum deposit amount is applicable for traders who wish to fund their trading accounts.
Deposit & Withdraw
AMP Global offers a variety of payment methods for both depositing funds into and withdrawing funds from trading accounts.
CREDIT CARDS: AMP Global accepts Visa, Mastercard, and Maestro credit cards. Traders can deposit funds in USD, EUR, or GBP currencies, with a minimum deposit requirement of 100 units. Instant processing allows for immediate availability of funds in the trading account.
E-WALLETS: The brokerage supports popular e-wallets such as NETELLER and Skrill. Traders can deposit funds in EUR or GBP currencies, subject to the respective e-wallet fees. Similar to credit card deposits, the minimum deposit requirement is 100 units, and the processing time is instant. Electronic payments also include VISA, Mastercard, Maestro, Skrill, NETELLER, AstroPay, giropay, Euteller, paysafecard, Neosurf, Boloto, Bancontact, toditoCash, and ePay.bg.
BANK WIRE TRANSFER: AMP Global facilitates bank wire transfers for depositing and withdrawing funds. This option supports multiple currencies, including USD, EUR, GBP, and RUB. Traders should refer to the client portal for detailed information on processing fees. Bank wire transfers generally take 2-5 business days for deposits and allow for larger deposit amounts.
INTERNAL TRANSFER: Traders using AMP Global can transfer funds internally between their trading accounts. This option is free of charge and available for USD, EUR, GBP, and RUB currencies. Internal transfers are processed within 24 hours.
When it comes to funding details, the minimum deposit amount for credit cards, e-wallets, and bank wire transfers is set at 100 USD/EUR/GBP. However, there may be processing fees associated with each deposit method, which can be found in the client portal under Documents (broker forms). For bank wire transfers, the processing time typically ranges from 2 to 5 business days, while internal transfers are processed within 24 hours.
| Pros | Cons |
| Multiple payment options | Potential processing fees |
| Instant processing for credit cards | Bank wire transfers take longer |
| Variety of supported currencies | Limited minimum deposit requirement |
| Internal transfers between accounts | E-wallet fees may apply |
| Convenient for larger deposit amounts | Some payment methods may not be available in all regions |
Trading Platforms
METATRADER 5 (All-in-One Account): AMP Global offers the Metatrader 5 (MT5) platform, which is available for desktop, mobile, web, and MultiTerminal. With the All-in-One MT5 account, traders can access a range of financial instruments, including exchange-traded futures, forex, CFDs, and crypto-CFDs. The platform provides a comprehensive trading solution for individual traders, introducing brokerages, CTAs, and API developers. AMP Global aims to provide non-USA customers with access to regulated futures exchanges, forex, and CFD markets through their MT5 account.
MT5 Webtrader: AMP Global also offers the MT5 Webtrader, allowing traders to access the MT5 platform directly from their web browser. This web-based version of MT5 enables traders to manage their accounts and execute trades without the need for downloading or installing any software.
StereoTrader 2.5: AMP Global provides the StereoTrader 2.5 platform, which is designed for professional trading of exchange-traded futures, CFDs, and the forex markets. It offers advanced features such as algo-trading automation, API integration, advanced charting, and customizable design. The StereoTrader 2.5 platform is available free of charge for AMP Global customers, providing them with additional trading options and tools.
| Pros | Cons |
| Access to Metatrader 5 (MT5) platform | Limited availability for USA customers |
| All-in-One MT5 account for various markets | Potential complexity for beginner traders |
| Desktop, mobile, web, and MultiTerminal | |
| MT5 Webtrader for browser-based trading | |
| StereoTrader 2.5 platform for professional trading | |
| Algo-trading automation and API integration | |
| Advanced charting and customizable design | |
| Free access to StereoTrader 2.5 for AMP Global customers |
Trading Tools
AMP Global provides traders with a valuable Trading Tool, namely the Economic Calendar. This tool serves as a comprehensive resource for traders seeking to stay informed about key economic events and announcements that can impact the financial markets. The Economic Calendar offers a clear and structured display of upcoming events, including indicators, reports, and other significant economic data releases from around the world.
Educational Resources
AMP Global provides a variety of educational resources to assist traders in enhancing their knowledge and skills. These resources are categorized based on the trading types they cover: Futures, Forex, CFDs, as well as additional resources.
FUTURES:
The Futures section covers topics such as Futures Basics, History of Futures, Futures vs Stocks, and a Futures Glossary. Traders can gain a solid understanding of the fundamentals and terminology related to futures trading. Additionally, both Fundamental Analysis and Technical Analysis are covered, providing insights into analyzing futures markets.
FOREX:
The Forex section offers resources on Forex Basics, Forex vs Futures, and Forex vs CFDs, allowing traders to understand the unique aspects of the forex market. A Forex Glossary is also provided to familiarize traders with essential terminology.
CFDS:
The CFDs section provides resources on CFD Basics, CFDs vs Futures, and a guide on How to Trade CFDs. Traders can learn about the characteristics and advantages of trading Contracts for Difference. Additionally, Profit/Loss Calculation is explained to help traders manage their risk and analyze their potential gains.
RESOURCES:
AMP Global offers a Support Forum and a Blog as additional resources. The Support Forum allows traders to engage with the community and seek assistance or share insights. The Blog provides informative articles on various trading-related topics, keeping traders updated with market trends and strategies.
WEBINARS:
Traders can participate in upcoming webinars or access recorded webinars. These webinars cover a wide range of topics and provide valuable insights from industry experts, helping traders expand their knowledge and improve their trading skills.
HOW-TO VIDEOS:
AMP Global offers a series of How-To videos to assist traders in navigating their trading platform effectively. These videos cover topics such as Trading Workspace Overview, Installing & Creating Demo accounts, Trading Different Symbols, Trading Different Contract Sizes, and more. Traders can utilize these videos as a visual guide to make the most of their trading experience with AMP Global.
Customer Support
AMP Global offers customer support services to assist its clients with their trading needs. The company's tech support and trade desk are available 24 hours a day and can be reached through various channels including telephone, email, live chat, and social media. Customers can contact the support team for any inquiries or issues they may have regarding their trading activities. Additionally, AMP Global provides contact details for easy accessibility. These include a telephone number, +357 22 007182, and an email address, trading@ampglobal.com. For those who prefer traditional communication, the company also provides its physical address located at Ayiou Athanasiou Avenue, Kaminion Street 1, 2nd floor, Agios Athanasios 4102, Limassol Cyprus. To stay updated with the latest information and announcements from AMP Global, customers can choose to follow the company on popular social media platforms such as Facebook, Twitter, LinkedIn, and YouTube.
Reviews
According to reviews on WikiFX, some users have expressed concerns and dissatisfaction with AMP Global's withdrawal process. One reviewer mentioned experiencing difficulties in withdrawing funds and questioned the company's professionalism. The reviewer sought advice on finding a safe way to withdraw their money, as they had made a withdrawal request some time ago but encountered resistance from the company. These reviews highlight the need for caution and suggest potential issues with the withdrawal process at AMP Global, prompting users to approach it with skepticism.
Conclusion
In conclusion, AMP Global is a regulated financial institution operating in multiple jurisdictions, including Cyprus and the United States. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the National Futures Association (NFA). The company offers a range of market instruments, including exchange-traded futures, forex, cryptocurrencies, indices, energies, metals, and shares. They provide various account types, including trading accounts, Islamic accounts, corporate accounts, and demo accounts. AMP Global offers leverage options of up to 100:1 and variable spreads. The minimum deposit requirement is 100 USD/EUR/GBP or 6,500 RUB, and they provide multiple payment methods for deposits and withdrawals. The trading platforms available include MetaTrader 5 and StereoTrader 2.5, and they offer a useful economic calendar tool. Educational resources are also available for traders to enhance their knowledge and skills. However, it is important to note that some information regarding NFA regulation and commission fees is not provided, and cautionary statements about the broker's business scope are mentioned.
FAQs
Q: Is AMP Global a legitimate financial institution？
A: Yes, AMP Global is a regulated financial institution operating in multiple jurisdictions. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus and the National Futures Association (NFA) in the United States. The company is licensed under the name AMP Global Ltd in Cyprus and AMP GLOBAL CLEARING LLC in the United States.
Q: What trading instruments does AMP Global offer？
A: AMP Global offers a wide range of trading instruments, including exchange-traded futures, forex, cryptocurrencies, indices, energies, metals, and shares of popular companies.
Q: What types of trading accounts does AMP Global provide？
A: AMP Global offers a trading account for individual clients, an Islamic account for traders following Islamic principles, a corporate account for legal entities, and a demo account for risk-free practice.
Q: How can I open an account with AMP Global？
A: To open an account with AMP Global, visit their website and choose the appropriate option for opening a demo or live account. Follow the account opening process, including verification steps, document submission, and questionnaire completion. Once approved, you will receive confirmation of your account opening.
Q: What leverage does AMP Global offer？
A: AMP Global offers leverage options up to a ratio of 100:1, allowing traders to amplify their trading positions.
News
Review 5
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now