AMP Global Forex Broker

Registered Country/RegionCyprusRegulationCYSECMinimum Deposit$100Maximum Leverage1:100Minimum SpreadsFX spreads from 0.5 pipsTrading PlatformMT4, MT5Demo AccountYesTrading AssetsForex, Crypto, Indices, Energies, Metals, SharesPayment MethodsCredit/Debit Card, Unionpay, Neteller, Skrill, Bank Wire, Internal TransferCustomer SupportPhone, Email, Online ChatAMP Global Information AMP Global is a regulated financial institution, supervised by CySEC and NFA. It offers market-making services and a variety of trading instruments, including forex, cryptocurrencies, futures, and more. Account types include standard, Islamic, corporate, and demo accounts. Leverage is up to 100:1, with variable spreads. Payment options include credit cards, e-wallets, and bank transfers. Platforms available are MetaTrader 5 and StereoTrader 2.5. Commission fees and minimum deposit details are not provided.Pros and ConsProsConsMetatrader 5 platform available for desktop, web, mobile, and MultiTerminalExceeded business scope regulated by NFAWide range of market instruments availableSuspicious overrun by regional brokersFree demo account for practice tradingMinimum deposit requirement of 100 USD/EUR/GBP or 6,500 RUBIs AMP Global Legit?Regulatory AgencyLicense TypeCurrent StatusLicense No.Regulated ByCyprus Securities and Exchange Commission (CySEC)Market Making (MM)Revoked360/18CyprusNational Futures Association (NFA)Common Financial Service LicenseExceeded0412490United StatesMarket Instruments Exchange-Traded Futures AMP Global offers a range of exchange-traded futures across categories like currencies, energies, financials, grains, indices, meats, metals, and softs. Examples include Micro E-mini S&P 500, E-mini Crude Light, E-mini Gold, and Lean Hog, each with specific contract sizes, tick values, and trading months.Forex Forex instruments include pairs like AUDCAD, AUDCHF, and AUDJPY, with a contract size of 10,000 and leverage of 20:1. The minimum order volume is 0.1, and profit/loss currencies vary (e.g., CAD, CHF, JPY).Cryptos AMP Global offers crypto pairs like XBNUSD, XBTUSD, XETUSD, and XLCUSD with leverage of 2:1. Contract sizes are 1 unit per cryptocurrency, and profit/loss is in USD.Indices Trading options include indices like AUS200, EUSTOXX50, FRA40, and GDAX40, with leverage of 20:1. Contract sizes and profit/loss currencies vary by instrument.Energies Energy instruments include XBRUSD, XTIUSD, and XNGUSD (UK Brent, US Crude, and US Natural Gas). Leverage and contract sizes vary, with profit/loss in USD.Metals AMP Global offers metals like XAUUSD (Gold), XAUEUR (Gold vs EUR), and XAGUSD (Silver), with contract sizes, leverage, and profit/loss currencies (USD, EUR, AUD) differing by instrument.Shares AMP Global provides shares of companies like Apple, Amazon, and Facebook, with a contract size of 100 and leverage of 5:1. Profit/loss is in USD.Account Types Trading Account AMP Global offers a single account type for all clients, with no categorization by deposit or trade volume. Clients can trade with flexible investment amounts, from 0.01 lots to 200 lots for currency pairs and 50 lots for CFDs.Islamic Account AMP Global provides a swap-free account for Islamic traders, with no maintenance fees. The conditions are the same as the standard account, offering a rollover-free trading environment.Corporate Account Corporate accounts are available for legal entities, with custom trading conditions. Required documents include the entitys incorporation details and IDs for directors/shareholders owning 10% or more.Demo Account AMP Global offers a free demo account to practice risk-free, with access to all instruments and the MetaTrader 5 platform. It is available on desktop, mobile, and tablet for testing strategies and exploring different markets.Leverage AMP Global offers leverage options to its traders, allowing them to amplify their trading positions. The leverage offered by AMP Global is up to a ratio of 100:1. This means that for every dollar of capital, traders can potentially control up to $100 worth of assets in their trades.Spreads & Commissions AMP Global offers variable spreads for trading, with a minimum spread of 1.0 pips. The spread type is variable, meaning it can fluctuate depending on market conditions. Additionally, AMP Global applies commission fees per lot traded, although the specific amount depends on the market being traded. The commission fees are not mentioned, but traders can obtain detailed information from AMP Global regarding the commission fees for specific markets.Minimum Deposit AMP Global has a minimum deposit requirement of 100 USD/EUR/GBP or 6,500 RUB. This minimum deposit amount is applicable for traders who wish to fund their trading accounts.Deposit & Withdraw AMP Global offers a variety of payment methods for both depositing funds into and withdrawing funds from trading accounts. CREDIT CARDS: AMP Global accepts Visa, Mastercard, and Maestro credit cards. Traders can deposit funds in USD, EUR, or GBP currencies, with a minimum deposit requirement of 100 units. Instant processing allows for immediate availability of funds in the trading account. E-WALLETS: The brokerage supports popular e-wallets such as NETELLER and Skrill. Traders can deposit funds in EUR or GBP currencies, subject to the respective e-wallet fees. Similar to credit card deposits, the minimum deposit requirement is 100 units, and the processing time is instant. Electronic payments also include VISA, Mastercard, Maestro, Skrill, NETELLER, AstroPay, giropay, Euteller, paysafecard, Neosurf, Boloto, Bancontact, toditoCash, and ePay.bg. BANK WIRE TRANSFER: AMP Global facilitates bank wire transfers for depositing and withdrawing funds. This option supports multiple currencies, including USD, EUR, GBP, and RUB. Traders should refer to the client portal for detailed information on processing fees. Bank wire transfers generally take 2-5 business days for deposits and allow for larger deposit amounts. INTERNAL TRANSFER: Traders using AMP Global can transfer funds internally between their trading accounts. This option is free of charge and available for USD, EUR, GBP, and RUB currencies. Internal transfers are processed within 24 hours. When it comes to funding details, the minimum deposit amount for credit cards, e-wallets, and bank wire transfers is set at 100 USD/EUR/GBP. However, there may be processing fees associated with each deposit method, which can be found in the client portal under Documents (broker forms). For bank wire transfers, the processing time typically ranges from 2 to 5 business days, while internal transfers are processed within 24 hours.Trading Platforms METATRADER 5 (All-in-One Account): AMP Global offers the Metatrader 5 (MT5) platform, which is available for desktop, mobile, web, and MultiTerminal. With the All-in-One MT5 account, traders can access a range of financial instruments, including exchange-traded futures, forex, CFDs, and crypto-CFDs. The platform provides a comprehensive trading solution for individual traders, introducing brokerages, CTAs, and API developers. AMP Global aims to provide non-USA customers with access to regulated futures exchanges, forex, and CFD markets through their MT5 account. MT5 Webtrader: AMP Global also offers the MT5 Webtrader, allowing traders to access the MT5 platform directly from their web browser. This web-based version of MT5 enables traders to manage their accounts and execute trades without the need for downloading or installing any software. StereoTrader 2.5: AMP Global provides the StereoTrader 2.5 platform, which is designed for professional trading of exchange-traded futures, CFDs, and the forex markets. It offers advanced features such as algo-trading automation, API integration, advanced charting, and customizable design. The StereoTrader 2.5 platform is available free of charge for AMP Global customers, providing them with additional trading options and tools.Trading Tools AMP Global provides traders with a valuable Trading Tool, namely the Economic Calendar. This tool serves as a comprehensive resource for traders seeking to stay informed about key economic events and announcements that can impact the financial markets. The Economic Calendar offers a clear and structured display of upcoming events, including indicators, reports, and other significant economic data releases from around the world.