Overview of AMP Global fees and charges

When it comes to brokerage fees AMP Global shows a mixed picture: some fees are high but some are low. First you need to figure out your approach or you should use our questionnaire to be able to tell whether AMP Global fees are an advantage for you. Continue reading about AMP Global fees and charges to see if this is the right brokerage for you or a similar broker like Capital.com or FxPro is better for you.

Here's a high level overview of AMP Global's fees

AMP Global Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee High The fees are built into the spread, 0.2 pips is the average spread cost during peak trading hours.
US tech fund fee - Not available
Inactivity fee Low No inactivity fee

AMP Global fees
AMP Global fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare AMP Global fees with its closest competitors, Capital.com and FxPro.

AMP Global fees
AMP Global trading fees

AMP Global's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.

Let's break down the trading fees into the different asset classes available at AMP Global.

Trading fees

AMP Global's trading fees are average.

It is super hard to compare trading fees for CFD brokers. What we did at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for three assets.

For the assets we chose cleverly and arbitrarily:

  • Apple, a large US stock
  • Vodafone, a large European stock
  • EURUSD, a popular currency pair

The typical trade means buying a position, holding for one week, and selling it. For the volume we chose a $2,000 position for the stocks and $20,000 for the EURUSD.

This super catch-all benchmark includes spreads, commissions and financing costs for all brokers.

Here is the verdict.

AMP Global fees benchmarked
AMP Global Capital.com FxPro
Apple benchmark fee $6.2 $3.1 $10.6
Vodafone benchmark fee - $2.8 $31.2
EURUSD benchmark fee $12.5 $6.4 $8.8

Financing rates

AMP Global financing rates are average.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

AMP Global yearly financing rates
AMP Global Capital.com FxPro
Apple CFD financing rate 8.2% 6.6% 2.7%
Vodafone CFD financing rate - 6.6% 2.8%
EURUSD financing rate 3.0% 1.4% 1.5%
EURGBP financing rate 3.2% 1.6% 1.5%

AMP Global fees
AMP Global non-trading fees

When it comes to looking at all the non-trading fees AMP Global is an average broker. This means that some of the non-trading fees are high, but the others are low or not charged at all.

Non-trading fees include various brokerage fees and charges at AMP Global that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how AMP Global stacks up in non-trading fees
AMP Global Capital.com FxPro
Withdrawal fee $3 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No No Yes
Account fee No No No

AMP Global fees
AMP Global deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and AMP Global is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods AMP Global offers.

AMP Global deposit methods
AMP Global Capital.com FxPro
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

AMP Global fees
AMP Global withdrawal fee

Unfortunately, quite like the majority of the online brokers we have reviewed AMP Global does charge a withdrawal fee of $3 for the bank transfer. This means that you need to pay this amount of money when you transfer your money back to your bank account. It's up to you to decide whether this is a high amount or not as it's dependent mostly on the size of the transferred amount.

AMP Global withdrawal fees and options compared
AMP Global Capital.com FxPro
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee with bank transfer $3 $0 $0

AMP Global fees
AMP Global inactivity fee

AMP Global does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Share

Comments

Visit broker
74-89% of retail CFD accounts lose money
×