de | cn | ru

AMP Global (Europe) Review - is it scam or safe?

AMP Global (Europe) Review - is ampglobal.eu scam or good forex broker?

RATING: 3 / 3 REVIEWS AMP Global (Europe)
FIND BETTER FOREX BROKER

RECOMMENDED FOREX BROKERS


Trading Accounts and Conditions

 

Trading account Minimum deposit Minimum trade size Maximum leverage Spread
Standard  $100 0.01 1:100 (professionals only) from 1 pip*

 

*As announced on the broker's website.

 

AMP Global (Europe) offers trading in forex, CFDs and exchange-traded futures on the MetaTrader 5 platform. It has Standard, Islamic (swap-free) and corporate accounts, but we didn’t spot any differences between them in the trading specifications.

 

 

AMP Global (Europe) Advantages

 

Tight regulation, part of a global group 

The best thing about AMP Global (Europe) is its solid regulation and the fact that it is a part of a well-established global group. The company behind the brand, Amp Global Ltd., is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 360/180. Moreover, it belongs to international forex and futures group AMP Global.

 

 

The other prominent member of the group, Chicago-based AMP Global Clearing is a US futures commission merchant (FCM), authorized by the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA) since 2010.

 

MetaTrader 5 offered, good selection of assets

No wonder AMP Global (Europe) offers its services on MetaTrader 5 (MT5), as AMP Global Clearing focuses on exchange-traded stocks and the MT5 is designed specifically for that. MetaQuotes’ latest trading software is a solid multi-asset platform equipped with advanced trading features. Its charting is basically as good as those of its predecessor, the MT4, and also offers automated strategies (EAs), hedging, numerous technical analysis indicators, customization options, etc.

 

 

>> Other MT5 brokers <<

 

 

Good spreads announced on website

The spreads indicated on AMP Global (Europe)’s website are quite attractive – starting from 1 pips on majors. Such cost of trading is on the lower end of average in the forex industry. However, when we tested the broker’s MT5 in demo mode, the spreads turned out to be a lot higher. You can find more information about this in the Disadvantages section below.

 

 

>> Check out the spreads of some top-tier brokers in real time <<

 

  

Reasonable minimum deposit, solid leverage

In order to open an account with AMP Global (Europe), one has to deposit $100, which is a reasonably low amount to start with. Besides, professional clients of the broker are able to use leverage up to 1:100, which will suit most trading styles. Yet, we remind you that trading on margin involves higher risk of loss.

 

All trading strategies allowed

Another positive feature of this broker is that it allows all trading strategies, including hedging, scalping, news trading, and EA (Expert Advisor) trading.

 

 

AMP Global Disadvantages

 

 

 

>> Check out the spreads of some top-tier brokers in real time <<

 

 

Conclusion

 

Overall, AMP Global (Europe) seems like a good choice of a forex brokerage: it is licensed in Europe (Cyprus), supports the MT5, allows all trading strategies. Besides, it is a part of the AMP Global Group. One thing that bother us is the fact that the spreads on demo accounts don’t match the broker’s claims and are significantly higher than the average in the industry.

 

Nonetheless, the safety of any investment should always take priority over the cost of trading. That being said, the regulatory environment in Cyprus is quite solid. CySEC-licensed brokerages have to meet certain capital adequacy requirements, to keep clients’ funds in segregated accounts, to report transactions on a regular basis, to provide negative balance protection, as well as compensation scheme coverage (to a maximum of €20,000).

 

 

>> Find the best brokers in Cyprus <<

 

 

Let’s sum up the above:

 

Pros Cons
Tight regulation, part of a global group High spreads on demo accounts
MetaTrader 5 available  
Good spreads announced on website  
Reasonable minimum deposit, solid leverage  
All trading strategies allowed  

 

Latest news about AMP Global (Europe)
No news about AMP Global (Europe) . Check back later.
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
UK, Bulgaria FCA, FSC Web €29 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
PrimeTrader
$100 Review Website

Traders` reviews for AMP Global (Europe)

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Great solution, low margins

I would like to give a shout to Ampglobal.com for giving me a non-us citizen an opportunity to get access to real exchange futures, forex, CFD and cryptos in one account and in one screen. I like metatrader 5 and I am pleased to trade futures on it. I also like Amp Global commissions that are the lowest I could find anywhere, also their customer service is very fast and informative and helped me a big deal with setting up my MT5 with futures. In addition I like their low margins and I use like $300 so I would recommend traders to use their service at Amp Global.

Jim 08/15/2019

Retail Futures Trading

AMP is the best broker for Retail Futures Trading in the US....now local in the EU offering both REAL Exchange-Traded Futures and FX/CFDs in the same account....and they offer the NEW CME E-Micro Futures....there is no one better!

mirek 05/09/2019

Bad choice

I've got real account.It's bad broker with "frozen" data of futures.Execution of orders? How we like it. You want to complain, please, we have your complaint somewhere deep. Customer support? And who cares, during the European session we are already free. I generally advise against. It's clear that the broker's entry into the Europen market was done with haste.

Mariusz 01/10/2019
de | cn | ru