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.
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 Admirals (Admiral Markets) or FxPro might suit you better.
Here's a high-level overview of AMP Global's fees
| 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 |
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, Admirals (Admiral Markets) and FxPro.
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 high.
| AMP Global | Admirals (Admiral Markets) | FxPro | |
|---|---|---|---|
| EURUSD benchmark fee | $20.3 | $15.1 | $15.0 |
| EURGBP benchmark fee | $17.7 | $15.7 | $12.8 |
Futures fees
AMP Global's futures fees are low.
| 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 | - | - |
CFD fees
AMP Global has low CFD trading fees.
| AMP Global | Admirals (Admiral Markets) | FxPro | |
|---|---|---|---|
| Apple CFD | $1.4 | $1.1 | $4.4 |
| Vodafone CFD | - | $4.9 | $7.5 |
| 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.
AMP Global fees
AMP Global non-trading fees
When it comes to non-trading fees, AMP Global is a rather cheap broker.
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.
| 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
Usually, brokers don't charge anything for deposits, and AMP Global is no different.
| 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, 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 | Admirals (Admiral Markets) | 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 |
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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