AMB Broker, officially known as AM Globe Services Ltd., was established in 2018. The company is headquartered in Kingstown, Saint Vincent and the Grenadines. As a private entity, AMB Broker operates primarily in the online trading space, offering a variety of financial services to retail and institutional clients globally.
Since its inception, AMB Broker has aimed to cater to the modern trader's needs, focusing on technology, innovation, and user-friendly platforms. The broker has achieved significant milestones, including the launch of its trading platform and the expansion of its product offerings. It operates under the regulatory oversight of the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA), which, while providing some level of credibility, is considered less stringent compared to major regulatory bodies in developed markets.
AMB Broker's business model is centered around retail forex trading, offering services to individual traders, as well as institutional services for larger clients. The broker provides a comprehensive suite of trading tools and resources, making it a competitive player in the online forex trading market.
AMB Broker is regulated by the SVG FSA, which is the only regulatory authority overseeing its operations. The regulatory number for AMB Broker is not publicly disclosed, and the broker's license is primarily applicable within the offshore jurisdiction of Saint Vincent and the Grenadines. This limited regulation raises concerns about the broker's credibility and the safety of client funds.
The broker does not participate in any investor compensation schemes, which means that clients may not have a safety net in case of broker insolvency. AMB Broker emphasizes its commitment to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to ensure the integrity of its operations.
Client funds are kept in segregated accounts to provide an additional layer of security. However, potential clients should be aware that AMB Broker does not accept clients from several jurisdictions, including the United States, Canada, Japan, and the European Union.
AMB Broker offers a wide range of trading products across various asset classes. The broker provides access to over 100 currency pairs, including major, minor, and exotic currencies. In addition to forex trading, AMB Broker offers Contracts for Difference (CFDs) on various instruments, including:
The broker frequently updates its product offerings, ensuring that traders have access to a diverse range of financial instruments. Retail trading services are complemented by institutional services, including liquidity provision and tailored solutions for professional traders.
AMB Broker provides its clients with access to the MetaTrader 5 (MT5) trading platform, which is known for its advanced features and user-friendly interface. The MT5 platform supports various trading styles, including day trading, swing trading, and long-term investing.
In addition to MT5, AMB Broker offers a web-based trading platform and mobile applications compatible with iOS and Android devices. This ensures that traders can manage their accounts and execute trades from virtually anywhere.
The broker employs an ECN execution model, which allows for direct market access and competitive spreads. AMB Brokers servers are strategically located to facilitate fast order execution, enhancing the trading experience for clients. The broker also supports API access for automated trading, providing clients with the tools needed to develop and implement trading algorithms.
AMB Broker offers several account types to cater to different trading needs:
Retail Account:
Minimum Deposit: $1,000
Spreads: Starting from 0.6 pips
Commission: None
Professional Account:
Minimum Deposit: $10,000
Spreads: Starting from 0.0 pips
Commission: $7 per lot
Institutional Account:
Minimum Deposit: $100,000
Spreads and commissions: Negotiated on a case-by-case basis
AMB Broker also offers a demo account for traders to practice and familiarize themselves with the trading platform without risking real money. The maximum leverage offered by AMB Broker is up to 1:500, allowing traders to amplify their trading positions. The broker's overnight fees and margin requirements are clearly outlined on their platform, ensuring transparency for all clients.
AMB Broker supports a variety of deposit methods, including bank transfers and credit/debit cards (Visa and Mastercard). The minimum deposit requirement is $1,000 for retail accounts, while professional and institutional accounts require higher initial investments.
Deposits are generally processed quickly, with no associated fees. However, withdrawal methods are more limited, as clients can only withdraw funds via Visa or Mastercard, which may take several days to process.
Withdrawal fees may apply, particularly if the funds are transferred in a different currency than the account's base currency. Clients should be aware that withdrawal processing times can be extended if there are verification issues regarding account holder documentation.
AMB Broker offers customer support through various channels, including telephone, email, and live chat. The support team is available 24 hours a day, five days a week, ensuring that clients can receive assistance whenever needed.
The broker provides support in English, although additional language options are not explicitly stated. To aid traders in their development, AMB Broker offers a range of educational resources, including online courses, webinars, and market analysis tools.
Traders can access daily market analysis, news updates, and research reports to stay informed about market trends. Additionally, the broker provides useful trading tools, such as economic calendars and trading calculators, to enhance the trading experience.
AMB Broker primarily serves clients in regions outside of the United States, Canada, Japan, and the European Union. Despite being headquartered in the Caribbean, the broker's services are not available to residents of these jurisdictions due to local regulatory restrictions.
The absence of services in these areas may limit the broker's market reach, but it allows AMB Broker to focus on providing tailored services to clients in other regions. The broker's commitment to compliance and security ensures that it maintains a reputable standing within the markets it serves.
In summary, AMB Broker offers a comprehensive trading experience with a wide range of products, competitive trading conditions, and robust support services. However, potential clients should carefully consider the regulatory environment and the broker's policies before engaging in trading activities.