AMP Global Review 2022 | A Must Read Before Opening An Account

Company DetailsTrading PlatformHow To Place A Trade On MT5Products & MarketsTrading FeesAMP Global LeverageETF MarginMobile App ReviewPayment MethodsDepositsWithdrawalsDemo AccountDeals & PromotionsRegulation & LicensingAdditional FeaturesEducationTradingViewAMP Global AccountsOpening An AccountBenefitsDrawbacksTrading HoursCustomer ServiceSecurity & SafetyAMP Global VerdictAccepted CountriesCompare AMP GlobalAMP Global Comparison TableCompare Trading InstrumentsAMP Global vs Other BrokersFAQWhat Assets Does AMP Global Offer?What Is AMP Global Clearing?What Trading Platform Does AMP Global Offer?AMP Global Vs AMP Futures – What Is The Difference?Is There A Minimum Deposit Requirement To Open An AMP Global Account?

AMP Global offers multi-asset trading with a range of data feeds and low fees. The European entity offers seven asset classes whilst the US clearing subsidiary focuses on futures trading. The brokerage combines cutting-edge technology with a competitive price match promise.

This AMP Global 2022 broker review will cover login security, account funding methods, MT5 trading platforms, supported strategies, and more. Find out whether you should register for a live trading account.

Company Details

The AMP Global Group was established in 2010 and operates through two entities:

AMP Global Ltd (Europe) – Regulatory oversight from the Cyprus Securities and Exchange Commission (CySEC)
AMP Clearing LLC (USA) – Regulatory oversight from the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC)

AMP Global Clearing LLC offers futures trading on popular exchanges, including the Chicago Mercantile Exchange (CME), the Intercontinental Exchange (ICE), and the New York Mercantile Exchange (NYMEX).

Non-US citizens can trade forex and CFDs alongside exchange-traded futures. The broker’s aim was to introduce popular US trading technologies and infrastructure to European traders.

AMP Global’s head offices are located in Limassol, Cyprus, and Chicago, USA.

Trading Platform

Retail customers can trade on MetaTrader 5 (MT5). MT5 is available for free download to desktop devices or it can be used directly through major web browsers.

The industry-recognized platform is built for multi-asset trading. MT5 offers various trading and analysis tools, customizable charting, and integrated robots. Key features include:

21 timeframes
One-click trading
Real-time signals
Live financial news
Integrated economic calendar
Advanced Market Depth feature
MQL5 Wizard to create auto-trading robots
Up to 100 charts can be opened at any time
80+ in-built technical indicators and analysis tools

MetaTrader 5

AMP Global clients also get free access to StereoTrader, an additional plug-in for the MT5 terminal. Functionality includes:

Automation/API
Algorithmic grid trading
Real-time volume mapping
Easy access scalping terminal
Sophisticated trading statistics
Advanced order types including Limit Pullback Order
Automated exit strategies based on growth, equity or time

How To Place A Trade On MT5

Log in to your AMP Global customer dashboard
Download the MT5 platform or log in via the WebTrader
Choose the asset you wish to trade using the drop-down menu or search bar
Select ‘New Order’; the icon can be found second from the left in the top navigation bar
A ‘New Order’ screen will pop out. Alternatively, execute a trade directly from the chart
Enter the position details, including volume, order type, and any risk management
Select ‘Buy’ or ‘Sell’
Confirm the trade

New Order

Products & Markets

AMP Global is an online broker with a focus on exchange-traded futures. Traders can access:

Singapore Exchange (SGX)
CBOE Volatility Index (VIX)
European Exchange (EUREX)
Sydney Futures Exchange (ASX)
Mini-Nikkei 225 Exchange (JPX)
Chicago Mercantile Exchange (CME)
Hong Kong Futures Exchange (HKEX)
Comex Commodity Exchange (COMEX)
New York Mercantile Exchange (NYMEX)
Intercontinental Futures Exchange (ICE)

Note, exchange-traded futures can be enabled or disabled within your account. Exchange-traded futures are not offered as a default trading option. To enable:

Login to your client dashboard
Select your account number (highlighted in blue)
Select ‘Modify Futures Feed’
Choose the form relevant to the markets you wish to trade and submit the details
Hit ‘Save’
An email confirmation will be sent once the request has been completed and confirmed

You will incur a data feed fee as soon as you are connected. This charge will cover the remaining days in the month you signed up for. The fee will then be charged on the 1st of each month ongoing.

The brand also offers 100+ instruments across six alternative asset classes:

Invest in precious metals and energies such as UK Brent Oil, Gold, and Silver
Trade 10 major company stocks including Facebook, Apple, and Tesla
Trade 70+ major and minor currency pairs including GBP/USD, EUR/USD, and CAD/JPY
Trade on 11 of the world’s largest stock indices including the DJ 30, NASDAQ 100, and FTSE 100
Speculate on four digital currency USD crosses including Bitcoin (BTC) and Ethereum (ETH)

Trading Fees

AMP Global’s standard account offers spreads from 1 pip alongside commissions. The broker has a price promise that it will match or beat any written commission quote.

Customers that enable ETF trading are liable for a monthly data feed fee. Examples include a $12 monthly fee to access CME market data and a $33 fee for access to all depth of market data.

AMP Global also provides a useful ‘All-In Cost Calculator’ that combines futures commissions, exchange fees, routing costs, and regulatory charges.

AMP Global Leverage

Retail investors can access leverage up to 1:100.

However, customers trading under the CySEC-regulated entity (AMP Global Ltd) will be subject to ESMA’s margins restrictions introduced in 2021. This means clients are only permitted to access leverage up to 1:30:

1:30 for major currency pairs
1:20 for minor currency pairs, indices, and Gold
1:10 for commodities and equity indices
1:5 for shares
1:2 for cryptos

The all-in-one account has a 100% margin call level and a 50% stop-out level.

ETF Margin

A maintenance margin call is set by the relevant futures exchange. These are the requirements to maintain a contract beyond the daily close.

Day trading margin is set by the broker. This is the value required to enter a position on an intraday day basis. You must close all open positions or meet the exchange maintenance margin five minutes before the daily close.

Margin examples include:

Micro E-Mini Dow – Maintenance margin $750, day trading margin $50
E-Mini NASDAQ – Maintenance margin $15,800, day trading margin $1000
E-Mini Crude Oil – Maintenance margin $3750, day trading margin $937.50
Micro E-Mini S&P 500 – Maintenance margin $1060, day trading margin $40

Mobile App Review

AMP Global does not offer a mobile trading app. Nonetheless, the MetaTrader 5 (MT5) terminal is available for free download to mobile and tablet devices.

You can manage your investment account, open and close positions, and customize charts while on the go. Other features include:

In-built live chat
Market-depth data
Netting and hedging systems
Full set of orders, pending and stop orders
Alerts, price notifications, and live news streams

Payment Methods

Deposits

A minimum deposit requirement of $100 or equivalent currency applies. Accepted deposit and withdrawal currencies include USD, EUR, GBP, RUB, and PLN.

AMP Global offers various account funding methods. This includes bank wire transfers, credit/debit cards, and e-wallet services, unlike NinjaTrader which primarily accepts wire transfers.

Credit/debit card and e-wallet payments often provide instant account funding. Bank wire transfers can take up to five working days.

It is good to see that there are no deposit fees for EUR bank wire transfers below €1000, however fees apply for alternative methods:

Credit/Debit Card – 3.23% fee
E-Wallets (excluding Skill and Neteller) – 5.10% fee
Skrill – 4.50% fee for EUR payments and up to 5.10% for other currencies
Neteller – 4.80% fee for EUR payments and up to 5.35% for other currencies
Bank Wire Transfer – Free for deposits under €1000, €5 for payments between €1001 and €10,000, €15 for deposits between €10,001 and €50,000, and €40 for payments above €50,000

Note, AMP Global Ltd/Clearing LLC provides useful account funding support on their website including step-by-step wire transfer instructions.

Withdrawals

Alongside fees to fund an AMP Global account, our experts found withdrawal charges apply. The fee varies depending on the withdrawal amount, currency and method. This includes a 2.72% charge for withdrawals via credit/debit cards and a 1% fee for Skrill withdrawals.

Processing times will vary by payment method. Same-day requests are possible but come with an additional 0.05% charge.

How To Request A Withdrawal

Login to your AMP Global client dashboard
Select ‘Transfers’
Click on ‘Withdraw Funds’
Select the account you wish to withdraw from
Click on the payment method
Review
Select ‘Submit’

Demo Account

A free demo account is available at AMP Global. You can access all MetaTrader 5 functions with no asset restrictions.

The broker also offers a platform walk-through from their technical service operators, covering key details for new traders, such as technical indicators, graph features, and pricing displays.

For more experienced day traders, the paper trading profile provides an opportunity to back-test strategies and experiment with Expert Advisors (EAs).

Deals & Promotions

While using AMP Global, we were not offered any joining bonuses or monetary rewards. This is aligned with ESMA regulations that restrict the use of financial incentives for new and existing retail customers.

Still, the broker strives to be recognized as one of the lowest-cost futures trading brokers. With this, AMP Global offers a price promise to match or beat any written commission quotes offered by competitors.

Regulation & Licensing

AMP Global operates two main entities, both with top-tier regulatory oversight.

AMP Global Clearing LLC – AMP Global (USA) is authorized as a Futures Clearing Merchant (FCM). Regulated by the National Futures Association and the Commodity Futures Trading Commission, registration number 0412490
AMP Global Ltd – AMP Global (Europe) is authorized as a Cypriot Investment Firm (CIF). Regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 360/18. The broker is also compliant with the Market in Financial Instruments Directive (MiFID) which aims to increase transparency across EU financial markets

Traders registered under the AMP Global Europe subsidiary gain access to the Investor Compensation Fund. Investors benefit from up to €20,000 compensation in the case of business insolvency or failure. Client funds are also held in segregated accounts with top-rated European Banks.

Additionally, all activities are regularly monitored by third-party auditors.

Note, negative balance protection is available for CFD trading only.

Additional Features

Education

AMP Global’s educational content is comprehensive, with an in-built learning academy available on the official website. Resources are organized into asset classes with information suitable for both beginners and advanced traders.

There are also useful ‘how to’ videos, a blog forum, plus live and recorded webinars. A community support forum is also available, with conversations between retail investors. You can pick up tips and tricks, understand the latest market news or generate ideas for your next trade.

In addition, the broker offers a user-friendly economic calendar.

Economic Calendar

TradingView

AMP Global clients benefit from access to a free version of TradingView. This includes basic charting and trading tools. Simply use your existing AMP account credentials.

Note, you will not be required to pay for additional exchange data fees when using TradingView so long as futures trading is enabled in your client dashboard and the relevant exchange payments have been made within your live account.

How To Connect Your AMP Account To The TradingView Platform

Visit www.tradingview.com
From the homepage select ‘Start Free Trial’. The icon is located top right of the navigation bar
Click ‘Sign In’ and enter your existing TradingView account credentials
Select the ‘Chart’ icon in the middle of the top navigation bar
Choose AMP Global from the list of brokers underneath the chart
Select the ‘Connect’ button under ‘AMP Global’
Enter your AMP Global live account credentials or choose a 14-day free trial
Click ‘Connect’

Note, you will need a valid CQG connection and a TradingView account.

AMP Global Accounts

The broker offers one account type for all retail customers.

By default, all accounts are opened in EUR. Users will need to create a new ‘landing account’ to amend the account currency (USD, GBP, EUR, PLN and RUB accepted).

Minimum order sizes range from 0.01 lots to a maximum of 200 lots for currency pairs and 50 lots for CFD trades. Other account features include:

Spreads from 1 pip
Leverage up to 1:100
Commissions applicable
Unlimited open positions
Minimum deposit requirement $100/£100/€100 or 6500 RUB
Multiple trading strategies accepted (scalping, EAs and news trading)

An Islamic swap-free profile is also available.

Opening An Account

The registration requirements to open a new AMP Global live account are fairly complex. New users must complete six steps with various declarations, personal details, and economic profiling. This includes providing ID verification, previous investment experience, and employment history.

To get started, select the ‘Open Live Account’ icon located in the top right of the navigation bar.

Benefits

Advantages of signing up with AMP Global include:

Demo account
1:100 leverage
Top-tier regulation
Price match promise
MT5 trading platform
Swap-free Islamic account
24-hour customer support
Low minimum deposit requirement

Drawbacks

When we used AMP Global, we also noted several downsides:

No MT4 download
No proprietary mobile app
Deposit and withdrawal fees
Narrow range of instruments offered
Long account sign-up requirements

Trading Hours

AMP Global trading hours vary by instrument. For example, Micro E-Mini Futures Exchange-Traded Funds can be traded between 5 PM and 4 PM US Central time. On the other hand, forex can be traded from 5:05 PM to 5 PM US Central time (9:05 PM to 9 PM GMT).

Futures Exchanges also have their own market closures. The CME Group, for example, follows 11 US public holiday dates in which trading may be closed or trading hours amended.  The broker also stipulates that ICE markets may announce market holiday closures particularly close to the closure date.

Keep an eye on the broker’s website and your trading platform for upcoming changes to standard trading times.

Customer Service

AMP Global offers 24-hour trade and tech telephone support available Sunday from 4:45 PM CST to Friday 5 PM CST. Local hotline numbers include London, Cyprus, Greece, and Australia.

Contact details:

Email – support@ampglobal.com
Live chat – Icon located at the bottom right of each webpage
Telephone – UK +(44) 2038567788, Cyprus +(357) 22007182, Australia +(61) 291586177, Greece +(30) 2111986577, Spain +(34) 911237797 and Poland +(48) 221244800
Office Broker/Clearing Address – AMP Global Clearing LLC, 221 N. LaSalle Street, 25th Floor, Chicago, IL 60601 USA or AMP Global Ltd, Kaminion Street 1, 2nd Floor, Agios Athanasios 4100, Limassol, Cyprus

The remote desktop connection service means the broker’s customer support representatives can access your personal computer to solve any issues or platform sticking points.

An FAQ section is also available on the broker’s website for quick self-help support.

Security & Safety

AMP Global’s regulatory oversight means that the broker should comply with industry-standard KYC, AML, and data privacy protocols.

The MetaTrader 5 platform is also secure. It offers fully encrypted data exchanges between servers and client portals. Additionally, the platform uses industry-standard firewalls and data privacy. Our experts recommend implementing two-factor authentication (2FA) for additional account protection.

AMP Global Verdict

AMP Global offers excellent access to the futures markets alongside forex and CFDs. When using the online broker, you can also be assured of a secure trading environment with tier-one regulatory oversight. Additionally, the MT5 trading platform offers advanced capabilities while the broker’s price match promise and low minimum deposit make it attractive to beginners and experienced traders alike.

Accepted Countries

AMP Global accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Compare AMP Global

Compare AMP Global with similar brokers that accept traders from your location. Among available brokers these are the most similar to AMP Global:

ActivTrades – ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms. Over 93.60% of orders are executed at the requested price.

LegacyFX – LegacyFX is a multi-asset broker offering an MT5 download & free signals.

Trade.com – Trade.com offers thousands of tradable assets via CFD and DMA on MT4, MT5 and a proprietary WebTrader. Access floating spreads, third-party analysis tools and copy trading services.

FxPro – Multi-award winning trading broker. Specializing in forex but also offering stocks and tight spreads on CFDs and spread betting across a wide range of markets.

AMP Global Comparison Table

Compare AMP Global With Similar Brokers

AMP Global
ActivTrades
LegacyFX
Trade.com
FxPro

Rating

Markets

Demo Account

Minimum Deposit

Minimum Trade

Regulators

Bonus

Education

Platforms

Leverage

Payment Methods

Detailed Comparison

Visit

Review

3.5 4 3.9
Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Yes Yes Yes Yes Yes
$100 $10 $500 $100 $100
0.0 Lots 0.01 lots 0.01 lots 0.01 lots 0.01 Lots
NFA, CFTC, CySEC FCA, SCB CySEC, FCA, VFSC, NBRB FCA, CySEC, FSC, FSCA CySEC, FCA, FSCA, SCB
Cashback on trades
No Yes Yes No Yes
MT5 MT4, MT5 MT5 MT4, MT5 MT4, MT5, cTrader
1:100 1:400 1:200 1:30 EU, 1:300 Global 1:200
11 9 11 12 10
AMP Global vs ActivTrades AMP Global vs LegacyFX AMP Global vs Trade.com AMP Global vs FxPro
AMP Global
Review
ActivTrades
Review
LegacyFX
Review
Trade.com
Review
FxPro
Review

Compare Trading Instruments

Compare AMP Global Trading Instruments

AMP Global
ActivTrades
LegacyFX
Trade.com
FxPro

CFD

Forex

Stocks

Commodities

Oil

Gold

Copper

Silver

Corn

Crypto

Futures

Options

ETFs

Bonds

Warrants

Spreadbetting

Volatility Index

Yes Yes Yes Yes Yes
Yes Yes Yes Yes Yes
Yes Yes Yes Yes Yes
Yes Yes Yes Yes Yes
Yes Yes Yes Yes Yes
Yes Yes Yes Yes Yes
No Yes Yes Yes No
Yes Yes Yes Yes Yes
No Yes Yes Yes No
Yes Yes Yes Yes Yes
Yes Yes No Yes Yes
No No No Yes No
No Yes No Yes No
No Yes No Yes No
No No No Yes No
No Yes No Yes Yes
Yes Yes Yes Yes No

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FAQ

What Assets Does AMP Global Offer?

AMP Global offers forex, exchange-traded futures, and CFDs. This includes access to commodities, indices, stocks, cryptocurrencies, and more.

Note, US residents are only permitted to trade futures.

What Is AMP Global Clearing?

AMP Global Clearing LLC is the US subsidiary of the AMP Global Group. It is authorized as a Futures Clearing Merchant (FCM) and regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC).

What Trading Platform Does AMP Global Offer?

AMP Global traders can use the MetaTrader 5 (MT5) platform. MT5 offers all the features and functionality required to successfully trade multiple assets, with over 80 indicators and drawing tools, one-click trading, real-time news, and support for automated trading.

AMP Global Vs AMP Futures – What Is The Difference?

AMP Futures is the trading name for AMP Global Clearing LLC, the US subsidiary of the AMP Global Group. AMP Global Ltd is the firm’s European entity.

Is There A Minimum Deposit Requirement To Open An AMP Global Account?

Yes – AMP Global clients must deposit at least $100/£100/€100 or 6500 RUB.

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