AMP Global ReviewCategory: Reviews | Author: Trading Brokers | Date: November 17, 2022
Founded in 2010, AMP Global (Europe) is a forex, CFD and futures broker, operated by the AMP Global Group. AMP has another legal entity that is based in the US called AMP Futures, which provides futures trading to US traders and investors. AMP Global is regulated by the Cyprus Securities and Exchange Commission (CySEC) whilst AMP Futures is regulated by the US National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). In this review, we will be looking at AMP Global, the EU-based entity. They provide you with a good selection of financial instruments for trading online in 7 different asset classes. You can trade the markets via the advanced yet user-friendly MetaTrader 5 (MT5) platforms for all of your devices. There is a relatively low minimum deposit of $100 to open an account which gives you access to reasonable forex spreads from 0.5 pips and leverage up to 1:100 for those who are eligible.
Pros & Cons
- Trade anywhere with the use of your desktop, mobile and tablet
- Trade Exchange-Traded Futures, Forex, CFDs and Cryptocurrencies
- Great selection of educational resources and trading tools
- Powerful StereoTrader tool to help with your market analysis
- Instant access to open a demo or live account in just a few minutes
- Swap-free Islamic account option for Muslim traders
- Good variety of deposit and withdrawal options
- Professional client support team on hand to assist
- No MetaTrader 4 (MT4) platforms
- Do not currently support crypto funding
- Not the lowest FX spreads starting at 0.5 pips
- Cannot serve traders from some countries
AMP Global is a group of companies. AMP Global (Europe) is built from the brokers experience of operating AMP Global (USA), a Chicago-USA based Futures Commission Merchant (FCM) that provides direct access to the global electronic futures markets for individual traders, introducing brokerages, CTAs, 3rd party & API developers since 2010. AMP Global was created to give non-USA customers an opportunity to enter the world’s regulated futures exchanges along with forex and CFD markets using the brokers all-in-one MetaTrader 5 account.
AMP Global is a discount brokerage with deep discounts and will match or beat any written commission quote which is not something that I have seen many other brokers do. The day trading futures margins are amongst some of the lowest in industry. The broker implements cutting edge technology so that traders can get fast and accurate data with quick trade execution via the AMP / CQG exchange gateways. You can also benefit from a generous amount of educational content and excellent around the clock support from an expert team.
When it comes to choosing a broker, regulation is one of the first things that I look for. This is because a regulated broker must follow strict rules and procedures that have been implemented to protect investors. I am therefore pleased to see that AMP Global Europe is regulated by the Cyprus Securities and Exchange Commission (CySEC). This gives me confidence that they are a broker who can be trusted and will operate in an honest and transparent manner at all times.
In accordance with Market in Financial Instruments Directive (MiFID), client funds are held in Segregated Bank accounts and insured by Investors Compensation Fund. This means that the broker should not be able to access funds and to use them for any other purpose. One feature that I really like about the AMP Global (EU) registration in Cyprus is the Investor Compensation Fund (ICF). Membership of the ICF provides AMP Global clients with an extra measure of insurance for their funds in the event that AMP Global is unable to compensate its clients for a claim. The ICF does not cover Institutional or Professional investors but only retail clients of AMP Global.
AMP Global (Europe) aka AMP Global LTD does not provide services for citizens of the United States of America and some other regions. If you discover they do not accept clients from your country, then please feel free to use our broker comparison tool to find an alternative option.
MetaTrader 5 (MT5)
Though AMP Global, you can gain access to CFD trading, exchange-traded futures and forex with an all-in-one MetaTrader 5 (MT5) account. MT5 is one of the most popular trading platforms used by millions of traders all over the globe. It is well known for having a user-friendly interface whilst implementing lots of tools for professional chart analysis and trade management. I think it is one of the best trading platforms available for traders of all experience levels. What’s more, MT5 is free to download and use on your desktop, web and mobile devices.
MT5 is more advanced and powerful version of the popular MetaTrader 4, the classic forex platform. The MQL5 Integrated Development Environment, is the programming language it includes which delivers high trade execution speeds and helps to create trading systems with a large number of calculations. It is a multi-asset platform that offers superior tools for comprehensive price analysis, use of algorithmic trading applications known as expert advisors (trading robots) and copy trading solutions. I personally believe that MT5 is the ultimate application for trading currencies, stocks, futures and CFDs on your PC.
The MetaTrader 5 Web platform allows you to start trading markets directly from any browser and operating system, including Windows, Mac and Linux. You can access the rich set of functions that are available in the MetaTrader 5 desktop platform directly on the web, which means you can analyse financial quotes and trade without downloading or installing any application. You can access your account and start trading in just a couple of clicks. Trading on the web platform is safe, while any transmitted information is securely encrypted. I think it is great how the platform is always up to date and you can conveniently access your account from any device.
The mobile trading platform allows you to receive quotes of financial instruments, analyse markets using charts and technical indicators, perform demo trades, connect to AMP Global for live trading and view the history of trading operations. Apart from the flexible trading system and advanced analytical functions, the MetaTrader 5 mobile platform provides even more useful options. Straight from the mobile application, you can access financial news for free, communicate with other traders and receive push notification from the desktop platform and MQL5.community services.
- Real-time quotes of financial instruments
- Full set of trade orders, including pending orders
- Depth of Market (Level 2)
- All types of trade execution
- Complete trading history
- Fully customisable user-friendly interface
- Various chart types and timeframes
- Lots of popular technical indicators
- Good range of analytical objects
- Built-in economic calendar for financial news
- Set price alert notifications
StereoTrader is a scalable interface for MetaTrader 5. It is free for AMP Global customers and designed for those of you who are looking for even more professional trading. The platform supports manual Trading with unique Features as well as fully automated Processes. The vision of StereoTrader is to unite some of the most successful and renowned traders, who vouch for their name for the uniqueness of the platform. StereoTrader stands for efficiency and professionalism, but as well for a growing community of private traders and great partnerships.
StereoTrader comes with unique functions that you will miss in any other platform. Extremely fast and intelligent automation processes – which you won’t even recognize in many cases – support you to optimize your entries and exits.
Some of the key StereoTrader features include the following:
- Exchange-Traded Futures, FX and CFD Trading
- Quick access Scalping-Terminal
- Volume Profile and DoM in/on the Chart
- Advanced Order Types incl. Limit-Pullback-Order
- Advanced Day-trading Statistics
- Stop-loss and Order Trailing
- Algorithmic Grid Trading
- Exit automation (based on Time/Equity/growth)
- Fully Automated Strategies (StereoMQL)
To be honest, I didn’t find any standalone trading tools with AMP Global but that really wasn’t an issue when you consider the huge range of excellent tools that you get via the MT5 platform and StereoTrader. There should be more than enough built-in tools to satisfy the needs of even the most demanding of traders. If that isn’t enough, you can always get lots of free or paid add-on from within the MT5 marketplace which is directly accessible from within the platform itself. The MetaTrader market is the largest online store of trading robots and technical indicators. Furthermore, you can use the MQL5 editor to develop your own trading indicators, scripts, automated systems and other tools. If you don’t have the coding skills required, you could even hire a freelancer to do it for you. Whatever idea you have in mind for a trading strategy, chances are you will be able to bring it to life in the excellent MT5 platform.
AMP Global have a great selection of free education to help bring you up to speed with the markets. You can learn from the brokers highly experienced futures and forex industry traders, programmers and educators via support forum, free webinars, courses and tools. The broker’s website is packed with several educational resources that help to improve traders’ skills and knowledge. The plethora of resources include learning articles, trading guides, webinars, a video library, and a glossary that contains multiple trading terms along with their detailed explanations.
I was really impressed with the vast selection of financial instruments available to trade through AMP Global across a diverse range of asset classes. I feel that there is something for everyone, regardless of your interests, trading style and financial goals. You can choose from the following to build a diverse portfolio specific to your needs:
- Exchange-Traded Futures
- Crypto CFD
Here are available exchanges for Futures:
- CME/ Chicago Mercantile Exchange
- COMEX Commodity Exchange
- ICE Futures Europe (IPE)
- NYMEX/New York Mercantile Exchange
- EUREX/European Exchange
- Singapore Exchange
- ASX SFE/Sydney Futures Exchange
- Mini-Nikkei 225 – Osaka-Japan/JPX
- Hong Kong Exchange (HKEX)
- CBOE Volatility Index VX/VIX and more
AMP Global keep things nice and simple as they offer one account type for all clients and do not categorize clients based on their deposit or trade volume. That means all clients receive access to premium trading conditions and top-tier liquidity. This is good when you compare them to some other brokers who will only give you access to the best conditions if you deposit a larger amount. I think it is fair that all clients are treated equally, regardless of their initial investment size.
This is the standard AMP Global trading account with no pressure on the investment size you make and all trading strategies are welcome. You can place orders from 0.01 lots on all instruments and up to 200.00 lots on currency pairs and up to 50.00 lots on CFDs. The account opening process isn’t prolonged like you will find with some other brokers and is all done conveniently online.
- Exchange-Traded Futures
- FX & CFD markets
- With market execution of 10K and 100k lot sizes
It is good to see that AMP Global understand the importance various clients’ needs with support for Muslim traders. They offer clients that honour the Islamic faith the ability to trade in a rollover free environment. In addition, you can to set up a swap free account.
- Swap free trading
- No restrictions
- Available to all Muslim clients
- All instruments available
- Standard conditions
The Corporate Account with AMP Global provides legal entities the ability to trade the full variety of instruments with competitive trading conditions. You can simply request and complete the corporate account application form and send the broker all of the necessary documents in accordance with the checklist on their website.
- For all companies
- Prop trading
- Custom conditions
You can try the AMP Global practice account that provides you with access to the brokers MT5 demo platform with all features switched on and no restrictions. I think it is always important to first try a broker with a demo account as it gives you the chance to become familiar with the platform and its suite of functionality before trading live. More experienced traders might also find the demo account useful to understand the available trading conditions, pricing and the symbols that the broker has to offer. They might also be interested to conduct back-testing or try out manual or automated strategies, all of which are supported.
- Instant access to trade online
- Trade risk-free and improve your skills
- Learn how to use the MT5 platform
- Test manual strategies and EAs
AMP Global is committed to creating open and accessible support for its customers. I found the broker to have excellent customer service with a 24/5 multilingual customer service team that strives to meet your expectations of market and technical knowledge. You can get real-time support via live chat, email or phone. All the agents are trained to answer your questions about your account and all the available trading platforms.
I found AMP Global to accept a good range of payment options for deposits and withdrawals. I especially like the convenience of digital wallets as I find this is the quickest and easiest way for me to move funds around between my trading accounts. I wouldn’t want to wait around days for a bank transfer to clear if there is some market news that I need to try and take advantage of before it is too late. Just keep in mind that payment options may differ depending on your location and fees can apply from the payment provider. They don’t currently support crypto funding but Hugo’s Way do if that is something you are looking for. That being said, the broker accepts the following payment methods for both account deposits and withdrawals:
- Bank transfer
- Card payments
- Digital wallets
|This Broker||AvaTrade||IG||IC Markets|
|Regulated||ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA||ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA||ASIC, CySEC, FSA, SCB|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Bonds|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API||MetaTrader 4, MetaTrader 5, cTrader|
|Funding||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets|
Overall, I think AMP Global is a solid choice of broker for anyone in the EU who is looking to trade on a professional yet user-friendly platform in a regulated environment. Traders can benefit from a great selection of markets to trade with very competitive conditions including spreads from 0.5 pips and fast execution speeds. The broker also provides you with a good range of educational resources and the high quality StereoTrader tool which can help with your market analysis so that you can make informed decisions. The minimum deposit required to open a live trading account is reasonable at $100, whilst there are free demo accounts if you want to get a feel for what they have to offer before making a financial commitment.
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