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Things to consider

There are many aspects to assessing a broker’s services in general, maybe even too many to list. Below, we’ll focus on the most important criteria that should be taken into account when determining whether a broker is good for beginners.

A beginner-friendly broker should have:

  • an excellent web and mobile trading platform
  • low fees
  • great educational tools
  • good customer service
  • an easy account opening process
  • low minimum deposit

Reliability is also very important, but since we recommend only reliable brokers regulated by reliable financial authorities, this is one thing you don’t have to worry about.

More and more people are looking to become a player on financial markets either as traders or investors. However, when researching the basics, it can be easy to feel overwhelmed by the sheer amount of information available online.

This is where BrokerChooser offers a helping hand. The reason is simple: choosing the right service, especially when you are taking your first steps in trading, is highly important.

In this article we’ll check whether AMP Global is the right choice for a starting trader.

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.

Is AMP Global good for beginners
AMP Global is a CFD broker

Just a quick heads up: AMP Global focuses mainly on CFDs. Usually we don’t recommend CFD products for beginners. For beginners looking to trade mostly stocks, we suggest choosing a stockbroker where you can buy the actual shares of a company instead of a CFD contract for the stock.

Some CFD brokers offer you the opportunity to place orders on the price movements of some popular stocks; some might even offer company shares as a so-called stock CFD (contract for difference). While this might be convenient for some short-term traders, there are many drawbacks to it: for starters, you’ll need to pay the broker a so-called financing charge as long as you hold the CFD. This could add up to a significant amount if you hold the CFD for more than a few weeks.

If you’d like to stick with CFDs, you might want to take a look at our article on CFD trading tips.

Is AMP Global good for beginners
Is AMP Global good for beginners?

Based on our scoring methodology, AMP Global is not considered good for beginners. If you'd like to see alternatives, check out our picks for the best brokers for beginners.

Let's take a look at its services one by one, following the criteria we set above, to get the whole picture.

  • 💻 AMP Global's web platform has some good things to offer: Clear fee report. Good search function. Good customizability (for charts, workspace). However, some things may not be suitable for beginners. Areas of improvement: No two-step (safer) login. No price alerts. Poor design.
  • 📱 Sadly, AMP Global's mobile platform is not its strongest side, but there are a few positive aspects to it: User-friendly. Good search function. Price alerts. On the other hand, there are some things that could be improved: No two-step (safer) login. No Touch/Face ID login.
  • 💰 Fees are one of the most important aspects when it comes to trading and AMP Global does well in some areas: Low futures and CFD fees. No inactivity fee. However, charges may be higher compared to some competitors. Areas of improvement: Withdrawal fee.
  • 🕖 An account opening process is great when it is seamless from the get-go. AMP Global does an excellent job in this area: Fast. Fully digital. Low minimum deposit.
  • 📚 AMP Global's education materials are a great place to start: Demo account. Trading platform tutorial. Educational videos. This makes AMP Global's material worthy reading.
  • 📞 When you need help, one thing you should have immediate access to is customer service. AMP Global's customer service generally scored well on these points: Live chat. Relevant answers. Active support forum.
  • 💰 Low minimum deposits and low-cost transactions are attractive for new traders. AMP Global's deposit and withdrawal processes have some good things to offer: Credit/Debit card available. User-friendly. Nevertheless, its services could be improved in other areas: High withdrawal fee.

Is AMP Global good for beginners
Overview of AMP Global's services

Let’s take an overall look at how AMP Global compares to its peers when it comes to platforms, fees, account opening and education tools. Our scores are on a scale of 1.0 to 5.0, from worst to best.

AMP Global services vs. similar brokers
AMP Global Capital.com FxPro
Web platform score 3.2 stars 3.9 stars 2.8 stars
Mobile platform score 3.9 stars 4.9 stars 4.3 stars
Fees Average Low Low
Account opening score 5.0 stars 5.0 stars 5.0 stars
Education score 5.0 stars 5.0 stars 4.0 stars
Customer service score 4.5 stars 5.0 stars 4.5 stars
Deposit and withdrawal score 3.4 stars 4.5 stars 4.5 stars

If you wish to read more about AMP Global, click 'Visit Broker' to go to the broker's website. We also have a detailed review of the broker that you can read by clicking on the 'More' button.

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72% of retail CFD accounts lose money

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Is AMP Global good for beginners
Is AMP Global reliable to use?

We hear more and more stories each day about clients who lost their money to scammers from Telegram or through unregulated services. BrokerChooser only features brokers that have reliable financial regulators. As such, AMP Global is a reliable and trusted broker.

If you’d like to know more, check out our deeper dive into AMP Global's reliability.

Is AMP Global good for beginners
Where can I find more information?

If AMP Global is not the right broker for you, go ahead and check out our picks for Best Brokers for Beginners in 2022 for some alternatives.

Also, if you feel that some things weren’t clear when it comes to the brokerage world, no worries. We have lots of content to cover your questions. You can find our articles in the Education section of our site.

For example, if you want to know how to buy shares online and how the whole process works, there’s an article about that. If you’d like to learn more about investing in stocks or what short selling is, we have articles about these topics too.

We have also written a few materials that focus on recent events in the news. Like what happens with brokers after Brexit or what a short squeeze is.

We hope you found all of the information above useful. If you have any questions, we’d love to hear from you, just write to us at [email protected]. See you there!

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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