AMP Global Review 2023

How we ranked fees

We ranked AMP Global's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

• Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
• Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

In the sections below, you will find the most relevant fees of AMP Global for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.

We also compared AMP Global's fees with those of two similar brokers we selected, Admirals (Admiral Markets) and FxPro. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of AMP Global alternatives.

To have a clear overview of AMP Global, let's start with the trading fees.

AMP Global trading fees

AMP Global trading fees are mixed but generally not excessive.

We know it's hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

We have selected popular instruments within each asset class:

• Stock index CFDs: SPX and EUSTX50
• Stock CFDs: Apple and Vodafone
• Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

A typical trade means buying a leveraged position, holding it for one week and then selling. For the volume, we chose a $2,000 position for the stock index and stock CFDs and $20,000 for the forex transactions. The leverage we used was:

• 20:1 for stock index CFDs
• 5:1 for stock CFDs
• 30:1 for forex

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let's see the verdict for AMP Global fees.

Futures fees

AMP Global has low futures fees. Check our AMP Futures review to see the company's conditions for futures trading in detail.

CFD fees

AMP Global has generally low CFD trading fees, beating its closest competitors when it comes to trading some of the most popular assets.

Forex fees

AMP Global forex fees are high in a broader comparison.

Non-trading fees

AMP Global has mixed non-trading fees. There is no inactivity or account fee. There is also no deposit fee for EUR transfers below €1,000, though other deposits incur a fee.

However, there is a withdrawal fee, which depends on the withdrawal method, your country, and the currency of the withdrawal. In this review, we calculated the withdrawal costs of a EUR bank withdrawal within the EU: it is 0.15% with a €2 minimum and €5 maximum.

To check all withdrawal options and associated fees, see the deposit and withdrawal chapter of this review.

Can you open an account?

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AMP Global accepts clients from all over the world. However, there are a couple of "Red flag" countries where clients can't open an AMP Global account. The most notable of these is the US; the list also includes countries like Afghanistan, Iran or Iraq, among others.

What is the minimum deposit at AMP Global?

The required AMP Global minimum deposit is $100.

Account types

AMP Global offers different account types based on ownership:

• Individual - account is owned by an individual
• Corporate / LLC / Partnership - account is owned by a legal entity

In addition, you can open an Islamic account, also called a swap-free account. You pay no swap/interest when using this account.

How to open your account

The account opening process at AMP Global is fully digital. Account verification is fast; our account was approved within one day.

AMP Global account application consists of the following steps:

1. Enter personal information including your name, country of residence and email; select a username and password
2. Add more information to complete your economic profile
3. Answer a few questions about your financial knowledge and trading experience
4. Go through governance documents and other declarations
5. Fill out the Certification section
6. Accept the necessary agreements and disclosure statements

Once you have completed all these steps, you will receive a confirmation email with your credentials.

Account base currencies

At AMP Global, you can choose from 5 base currencies.

Available base currencies: USD, EUR, GBP, RUB, PLN

This selection is fairly average compared with competing brokers.

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Compare digital banks

Deposit fees and options

AMP Global charges no deposit fee for EUR bank transfers below €1,000. However, there is a deposit fee in most other circumstances as per the table below.

Besides bank transfer and credit/debit card options, you can also use electronic wallets:

• Skrill
• Neteller
• Webmoney
• Giropay
• Astropay
• Qiwi
• Sofort
• Yandex

The deposit fee depends on the deposit method, your country and the currency of the deposit.

*Free for deposits below €1,000; €5 for deposits between €1,000 and €10,000; €15 for deposits between €10,000 and €50,000; €40 for deposits above €50,000

**Free for deposits below €1,000; €15 for deposits between €1,000 and €10,000; €20 for deposits between €10,000 and €50,000; €40 for deposits above €50,000

**€5 for deposits below €1,000; €15 for deposits between €1,000 and €10,000; €20 for deposits between €10,000 and €50,000; €40 for deposits above €50,000

A bank transfer can take several business days, while payment with a credit/debit card is instant.

You can only deposit money from accounts that are in your name.

AMP Global withdrawal fees and options

Unlike some of its competitors, AMP Global charges a withdrawal fee. To take a typical transaction, the withdrawal fee is about $3 for a €2,000 withdrawal within the EU. To see a detailed rundown of all withdrawal methods and applicable fees, check this table.

The withdrawal fee depends on the withdrawal method, withdrawal amount, your country and the currency of the withdrawal.

You can also opt for same-day withdrawal. It costs 0.05% of the withdrawal value with a €15 minimum and a €50 maximum.

You can only withdraw money to accounts that are in your name.

How do you withdraw money from AMP Global?

• Log in to your AMP Global account
• Click 'Transfers'
• Select 'Withdraw Funds' on the right
• Select the account from which you want to withdraw
• Select the account to which you want to transfer
• Choose the payment method
• Add notes (optional)
• Click 'Submit'

AMP Global doesn't have its own in-house-developed trading platform. Instead, it uses MetaTrader 5, a third-party platform.

MetaTrader 5 is available in an exceptionally large number of languages.

Look and feel

The AMP Global web trading platform has great customizability. You can easily change the size and the position of the tabs.

However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist.

Login and security

AMP Global provides only one-step login. Two-step authentication would be more secure.

Search functions

The platform's search functions work well. If you start typing, it automatically displays all relevant instruments.

Placing orders

You can use the following order types:

• Market
• Limit
• Stop
• Stop limit

To get a better understanding of these terms, read our overview of order types.

There are also order time limits you can use:

• Good 'til canceled (GTC)
• Good 'til time (GTT).

Alerts and notifications

You cannot set price alerts and notifications. This feature is available only on the desktop trading platform.

Portfolio and fee reports

AMP Global has clear portfolio and fee reports. It is easy to find your profit-loss balance and the commissions you paid. These reports can be found under the 'Account History' tab: right-click on a position, then choose 'Save as Detailed Report'.

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Similarly to its web trading platform, AMP Global offers MetaTrader 5 as a mobile trading platform. MT5 is available for both iOS and Android; we tested it on iOS.

Once you have downloaded the MT5 mobile trading platform, you have to access the AMPGlobalEU-Live server.

Just like on the web trading platform, you can choose from many languages on the mobile trading platform as well.

Look and feel

AMP Global has a great mobile trading platform, we really liked its design and user-friendliness. You will easily find all features.

Login and security

AMP Global provides only one-step login for its mobile platform. Two-step authentication would offer an added layer of security.

Also, you can't use fingerprint or Face ID authentication, features that would make login more convenient.

Search functions

The platform's search functions are good. You can search by typing the name of the product or by navigating the category folders.

Placing orders

You can use the same order types and order time limits as on the web trading platform.

Alerts and notifications

You can set alerts and notifications on the AMP Global mobile platform.

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72% of retail CFD accounts lose money

AMP Global offers MetaTrader 5 as a desktop trading platform.

It has the same design, is available in the same languages, offers the same order types (plus Trailing Stop), and has the same search functions as the web trading platform. The portfolio and fee reports are also similarly clear and transparent.

The major difference is that you can set alerts and notifications on the desktop trading platform, in the form of mobile push or email notifications. To set these up, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT5 app's settings). You can add them if you go to 'Tools' and then 'Options'.

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72% of retail CFD accounts lose money

AMP Global is primarily a forex/CFD broker, but it also provides some cryptos for trading. To learn more about CFDs, please read our CFD trading tips.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Even within these product categories, AMP Global's product selection often falls short of its close competitors.

At AMP Global, you cannot change the default leverage level of the products. We think this is something you should be in control of.

Changing the leverage is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, as preset leverage levels may be too high.

Futures

One advantage of AMP Global over its immediate competitors is that it also offers futures trading, and does so on an impressive number of global exchanges.

The following exchanges are available for futures trading:

• CME - Chicago Mercantile Exchange
• COMEX - Commodity Exchange Inc.
• The Intercontinental Exchange ICE Futures Europe (IPE)
• New York Mercantile Exchange (NYMEX)
• Eurex
• Singapore Exchange
• Sydney Futures Exchange (ASX SFE)
• Hong Kong Futures Exchange (HKEX)
• Osaka Exchange
• CBOE

The CME, NYMEX and COMEX exchanges are part of the CME group. Eurex is part of the Eurex Group and is owned by Deutsche Börse AG.

Crypto

At AMP Global, you can buy crypto CFDs and crypto futures.

4 crypto CFD products are available:

• XBNUSD (Bitcoin Cash vs USD)
• XBTUSD (Bitcoin vs USD)
• XETUSD (Etherium vs USD)
• XLCUSD (Litecoin vs USD)

The leverege for these CFDs is set to 2:1.

Bitcoin futures:

• BTC
• Micro BTC

Trading ideas

AMP Global doesn't provide any trading ideas.

Fundamental data

AMP Global doesn't provide any fundamental data. On the plus side, there is an economic calendar, which is a useful tool for forex traders. You can access this calendar on the website if you click 'Trade'.

Charting

AMP Global has OK charting tools. You can use 80 technical indicators, which is above the average.

Compare research pros and cons

You can contact AMP Global via:

• live chat
• phone (currently unavailable)
• email
• support forum

AMP Global has a speedy live chat. It's a great plus that the first questions and answers are automated, navigating you to the relevant person who will then answer your actual questions. We were satisfied with the quality of the answers we got.

AMP Global phone support was currently unavailable.

Via email, we likewise received helpful answers, while the turnaround was quick.

In addition, there is an active support forum, where you can interact with other users and the support team of AMP Global.

The only thing we missed was 24/7 availability.

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At AMP Global you can learn in the following ways:

• Demo account
• Platform tutorial videos
• General educational videos
• Webinars
• Quality educational articles

We were impressed by the wide range of platform tutorial and educational videos available. There are also high-quality articles about futures, forex and CFD trading.

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Is AMP Global regulated?

Yes, AMP Global Group has multiple regulations: AMP Futures is regulated by the top-tier US National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC), while AMP Global is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Is AMP Global safe?

To be certain if a brokerage is safe, we highly advise that you check two facts:

• how you are protected if something goes wrong
• what the background of the broker is

How you are protected

Clients under AMP Futures don't receive any investor protection, while clients under AMP Global are eligible for €20,000 of investor protection per account.

Also, AMP Global provides negative balance protection for clients trading CFD and forex. If the balance on your account goes into negative, you will be protected.

Background

AMP Global was established in 2010. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

Find your safe broker

We recommend AMP Global for active traders focusing on futures and cfds.

Below you can find links to all aspects of AMP Global in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our AMP Global fees article.

What about the minimum deposit?

Our ultimate guide to the AMP Global minimum deposit is updated regularly.

How to start your AMP Global account?

Look no further than our evaluation of the AMP Global account opening.

How's their trading app?

Here's our expert view after checking the AMP Global trading app.

Is the quality of customer service satisfactory?

All you need to know about the AMP Global customer service.

Legit or scam?

Is AMP Global legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether AMP Global is really free.

Is this broker good for beginners?

We checked it in Is AMP Global good for beginners.

Should you buy your silver bullets on AMP Global?

Research for silver bugs in the Silver buy on AMP Global guide

I want to trade options, are they available at AMP Global?

We explored the topic in Can you trade options on AMP Global?

What is the minimum account balance at AMP Global?

Check out the current account balance requirements at AMP Global in our What is the minimum account balance at AMP Global article.

Looking for commission and fees data for AMP Global?

We collected them in AMP Global commission and fees.

How do you withdraw money from AMP Global?

We tested it and collected the options and costs in How to withdraw money on AMP Global.