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Is AMP Global free?

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.

AMP Global does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with AMP Global though, then you will find the fees they charge below.

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72% of retail CFD accounts lose money

AMP Global fees
Overview of AMP Global fees and charges

When it comes to brokerage fees, AMP Global is a mixed bag. To see how they may affect you, first you need to figure out your approach to trading - i.e. whether you are more of a buy-and-hold investor or if you want to trade frequently; or what type of assets and in what volumes you'll want to trade. Alternatively, use our questionnaire to help you tell whether AMP Global fees are beneficial for you. Continue reading about AMP Global fees and charges to see if this is the right broker for you, or if a similar broker like Capital.com or FxPro might suit you better.

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 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.
US mutual fund fees - Not available
Inactivity fee Low No inactivity fee

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72% of retail CFD accounts lose money

AMP Global fees
AMP Global fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because 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 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

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

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72% of retail CFD accounts lose money

AMP Global fees
AMP Global trading fees

AMP Global's trading fees are mixed, which means that some asset classes come with high trading fees - be sure to check these carefully.

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

Trading fees

AMP Global's trading fees are average.

Forex fees

AMP Global's forex fees are average.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
AMP Global Capital.com FxPro
EURUSD benchmark fee $11.9 $8.7 $8.5
EURGBP benchmark fee $12.6 $10.9 $9.8

Futures fees

AMP Global's futures fees are low.

Stock index futures fees for 10 contracts
AMP Global Capital.com FxPro
US micro e-mini stock index futures $0.9 - -
UK stock index futures $12.3 - -
German e-mini stock index futures $9.2 - -

CFD fees

AMP Global has low CFD trading fees.

CFD fees and commissions on a $2,000 trade
AMP Global Capital.com FxPro
Apple CFD $1.3 $0.7 $4.1
Vodafone CFD - $0.1 $6.8
Germany - - -

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.

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72% of retail CFD accounts lose money

AMP Global fees
AMP Global non-trading fees

Some of AMP Global's non-trading fees are average.

Non-trading fees include various brokerage fees and charges at AMP Global that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how AMP Global stacks up in terms of 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

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72% of retail CFD accounts lose money

AMP Global fees
AMP Global deposit fee

Usually, brokers don't charge anything for deposits, and AMP Global is no different.

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

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72% of retail CFD accounts lose money

AMP Global fees
AMP Global withdrawal fee

Unfortunately, AMP Global does charge a withdrawal fee of $3 for bank transfers. This means that you need to pay this amount when you transfer money from your brokerage account back to your bank account. Sometimes this is a flat fee, but a percentage charge may be applied in some cases. It's up to you to decide whether you can tolerate this, keeping in mind that flat fees can hurt more if you withdraw small amounts only.

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 for bank transfer $3 $0 $0

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72% of retail CFD accounts lose money

AMP Global fees
AMP Global inactivity fee

AMP Global does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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72% of retail CFD accounts lose money

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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