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 Admirals (Admiral Markets) 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
S&P 500 CFD Low The fees are built into the spread, 0.4 points is the average spread cost during peak trading hours.
Europe 50 CFD Low The fees are built into the spread, 0.4 points is the average spread cost during peak trading hours.
EURUSD High 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.
Inactivity fee Low No inactivity fee

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.

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72% of retail CFD accounts lose money

AMP Global fees
AMP Global fees explained

We compare AMP Global fees with its closest competitors, Admirals (Admiral Markets) 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 an example 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 example in this context would mean 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 Admirals (Admiral Markets) FxPro
Apple benchmark fee $4.7 $4.6 $10.0
Vodafone benchmark fee - $12.1 $16.1
EURUSD benchmark fee $20.3 $15.1 $15.0

Financing rates

AMP Global financing rates are high.

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 Admirals (Admiral Markets) FxPro
Apple CFD financing rate 4.7% 6.1% 2.9%
Vodafone CFD financing rate - 6.0% 2.8%
EURUSD financing rate 5.0% 3.6% 3.0%
EURGBP financing rate 4.1% 3.6% 2.2%

Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

Currency conversion fee

AMP Global will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: $30 per currency conversion.

AMP Global fees
AMP Global non-trading fees

When it comes to looking at all the non-trading fees AMP Global is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

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 Admirals (Admiral Markets) FxPro
Withdrawal fee $3 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes 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 Admirals (Admiral Markets) 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 Admirals (Admiral Markets) 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

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

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

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72% of retail CFD accounts lose money

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