Overview of AMP Global fees and charges
We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.
- Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
- Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
- Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
- Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.
As AMP Global focuses on CFD and forex trading, the most important cost elements are spreads and financing rates (overnight fees), commissions less so.
Disclaimer: 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Now, let's dive into the details and see what commissions, spreads, and financing rates AMP Global charges.
AMP Global commission and other fees
AMP Global commission and other trading fees
AMP Global has average trading fees in general. We ranked AMP Global fee levels as low, average or high based on how they compare with all reviewed brokers.
Check out this table to get an overview of whether AMP Global commissions, spreads, and financing rates for each asset class are low/average/high.
| AMP Global | Admirals (Admiral Markets) | FxPro | |
|---|---|---|---|
| Forex | High | Low | Average |
| CFD | Low | Low | Low |
| Financing rate | High | Average | Low |
Now let's go over the trading fees for each asset class one by one.
AMP Global forex commissions and spreads
AMP Global forex fees are high. AMP Global forex commissions and spreads for individual currency pairs are charged as per the table below.
| AMP Global | |
|---|---|
| EURUSD fee description | There is a 0.002% commission in the base currency. Also, the fees are built into the spread, 0.2 pips is the average spread cost during peak trading hours. |
| GBPUSD fee description | There is a 0.002% commission in the base currency. Also, the fees are built into the spread, 0.4 pips is the average spread cost during peak trading hours. |
Check out how AMP Global forex fees compare to its two closest competitors.
| AMP Global | Admirals (Admiral Markets) | FxPro | |
|---|---|---|---|
| EURUSD benchmark fee | $20.3 | $15.1 | $15.0 |
| GBPUSD benchmark fee | $14.9 | $7.8 | $12.2 |
| AUDUSD benchmark fee | $18.1 | $8.5 | $15.4 |
| EURCHF benchmark fee | $7.5 | $8.9 | $3.6 |
| EURGBP benchmark fee | $17.7 | $15.7 | $12.8 |
Forex fees are calculated for a $20,000 trade using 30:1 leverage
AMP Global futures commissions
You can see below how AMP Global futures commissions are charged. AMP Global futures fees are low.
| AMP Global | |
|---|---|
| US micro e-mini stock index futures | All-in fees for volume-tiered fee structure: $0.44-$0.41 per side depending on the contracts traded |
| UK stock index futures | All-in fees for volume-tiered fee structure: £1.16-£0.81 per side depending on the contracts traded |
| German e-mini stock index futures | All-in fees for volume-tiered fee structure: €1.11-€0.76 per side depending on the contracts traded |
Compare how the futures commissions of AMP Global stack up against those of Admirals (Admiral Markets) and FxPro.
| AMP Global | Admirals (Admiral Markets) | FxPro | |
|---|---|---|---|
| US micro e-mini stock index futures | $0.9 | - | - |
| UK stock index futures | $9.8 | - | - |
| German e-mini stock index futures | $7.4 | - | - |
Futures commissions are calculated for 10 contracts
AMP Global CFD commissions and spreads
AMP Global CFD fees are low. AMP Global CFD commissions and spreads for different assets are charged as per the table below.
| AMP Global | |
|---|---|
| S&P 500 CFD fee | The fees are built into the spread, 0.4 points is the average spread cost during peak trading hours. |
| Europe 50 CFD fee | The fees are built into the spread, 0.4 points is the average spread cost during peak trading hours. |
| Apple CFD | The fees are built into the spread, 0.2 points is the average spread cost during peak trading hours. |
| Vodafone CFD | Not available |
Below you can see how AMP Global CFD fees compare with those of Admirals (Admiral Markets) and FxPro.
| AMP Global | Admirals (Admiral Markets) | FxPro | |
|---|---|---|---|
| S&P 500 index CFD fee | $1.8 | $2.3 | $2.7 |
| Europe 50 index CFD fee | $0.8 | $1.6 | $2.1 |
| Apple CFD | $1.4 | $1.1 | $4.4 |
| Vodafone CFD | - | $4.9 | $7.5 |
CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs
AMP Global financing rates
AMP Global financing rates are high. They make up a significant part of your trading costs if you hold your position for a long time.
Check out how AMP Global financing rates compare with those of Admirals (Admiral Markets) and FxPro.
| AMP Global | Admirals (Admiral Markets) | FxPro | |
|---|---|---|---|
| EURUSD financing rate | 5.0% | 3.6% | 3.0% |
| GBPUSD financing rate | 3.5% | 1.5% | 2.0% |
| S&P 500 CFD financing rate | 4.2% | 5.2% | 6.1% |
| Europe 50 CFD financing rate | 1.5% | 2.9% | 3.7% |
| Apple CFD financing rate | 4.7% | 6.1% | 2.9% |
| Vodafone CFD financing rate | - | 6.0% | 2.8% |
AMP Global commission and other fees
AMP Global non-trading fees
In addition to trading fees, it's important to see if AMP Global charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by AMP Global with its two closest competitors.
| AMP Global | Admirals (Admiral Markets) | FxPro | |
|---|---|---|---|
| Deposit fee | $0 | $0 | $0 |
| Withdrawal fee | $3 | $0 | $0 |
| Account fee | No | No | No |
| Inactivity fee | No | Yes | Yes |
CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs
AMP Global commission and other fees
Bottom line
Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by AMP Global and its closest competitors. To learn more about AMP Global, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.
If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.
