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AMB Prime Review - is it scam or safe?

AMB Prime review - Is ambprime.com scam or good forex broker?

RATING: 3 / 1 REVIEWS ForexBrokerz AMB Prime
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AMB Prime is a Cyprus forex and CFD broker, licensed and authorized by the Cyprus Securities and Exchange Commission (CySEC). They offer over 60 currency pairs, as well as CFDs on stocks, indices and precious metals with two account  types leverage of up to 1:30 and the MetaTrader4 platform. Here you can find some details about their offer.

 

Account type Min. deposit Max. leverage Spreads
Standard Account n/a 1:30 n/a
Professional Account $50 000 1:30 n/a

 

AMB Prime Advantages:

 

CySEC license

 

AMB Prime is owned and operated by AMB Prime Ltd (formerly Valutrades CYLtd), which as we already noted is based in Cyprus, and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). Here you may take a look at their license:

 

 

Along the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC), CySEC is one of the three most popular regulatory destinations in the industry. 

 

Like all other regulators in EU CySEC requires all brokers to adhere to strict  fiscal and ethical rules, among which to maintain at all times a minimum operational capital of no less than 730 000 EUR, to provide their clients with a negative balance protection, (meaning nobody can lose more money than he or she has invested,) to keep their funds in a segregated, trust account, separate from the broker's own account, to file regular reports, to allow external audits, and to insure the trading capital with specially created investor compensation schemes.

 

Thus if by any chance your CySEC broker happens to be insolvent, your funds will be covered by an insurance of up to 20 000 EUR, provided by the Cyprus Investor Compensation Fund. 

 

And what is more because CySEC is a member of the Committee of the European Securities Regulators (CESR) AMB Prime holds a cross border license, authorizing the company to provide Investment and Ancillary Services to all European Union member states and to 75 third countries.

 

Besides, here you may also check our list of brokers regulated in Cyprus:

 

>>CySEC brokers<<

 

As for the 1:30 leverage restriction that applies for retail clients, it is in line with the rules established by the European Securities and Markets Authority (ESMA) back in August 2018. Still, if you can prove that you are a professional trader you will be offered a much higher leverage.

 

 Over 60 currency pairs

 

AMB Prime says to offer over 60 forex pairs, as well as various other CFDs on precious metals like silver and gold, equities and indices. As no crypto assets are mentioned however, here you may also check our list of brokers trading with bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

MetaTrader4 available

 

AMB Prime  supports the MetaTrader4 and that is a good news. The platform is well known to most traders. It features nearly a hundred modifiable market indicators and trading robots, designed especially to help you run algorithmic trading sessions. And it is also equipped with an excellent set of advanced charting tools, so here you may check our list of brokers offering MetaTrader4 as well:

 

>>MT4 Brokers<<

 

AMB Prime Disadvantages:

 

No demo account directly available 

 

Unfortunately we were not able to open a demo account directly, and as AMB Prime does not give any specific information about their spreads, we can not comment on their trading conditions. Just bear in mind that spreads in general are considered attractive only if they start bellow 1,5 pips with a standard account, and no trading commission is taken. And here you can always take look at our list of brokers offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

No information about the minimum deposit requirement

 

Although AMB Prime says you can open one of their premium accounts with a minimum deposit of 50 000 USD, they do not say anything about their standard account. Just bear in mind that most brokers require about 250 USD as a minimum deposit, while some big and well known brokers like FBS and IG will let you open a trading account with just 5 USD or so.

 

No information about the payment methods accepted

 

Just bear in mind that most brokers in Europe accept payments with major cards like VISA and MasterCard, bank wire and various e-wallets including NetellerSkrill and PayPal. And some brokers even accept payments with crypto currencies, so here you may check our list of brokers, accepting bitcoins:

 

>>Forex Brokers Accepting Bitcoin<<

 

Conclusion:

 

AMB Prime is a legit CySEC regulated broker, where your funds will definitely be safe. An they offer a reliable trading platform – the MetaTrader4 and a comprehensive selection of currency pairs and other CFDs – well over 60. Unfortunately they are not very elaborate in their presentation, and as we were not able to open a demo account we simply can not assess their spreads. Another negative point is that we are not sure what their minimum deposit requirement is.

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Traders` reviews for AMB Prime

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