Table of contents:
- 1 Who is AMP Global?
- 2 Which markets are tradable?
- 3 How is AMP Global regulated?
- 4 What are the experiences with AMP Global?
- 5 Is it possible to connect AMP Global to MetaTrader 5?
- 5.1 What is ISystems at AMP Global?
- 5.2 Does AMP Global offer a training area?
- 5.3 Conclusion
- 5.4 What Data Feeds Are Available At AMP Global?
- 5.5 How Is The Bank Transfer Or The Deposit And Withdrawal Made?
- 5.6 Is there an AMP Global App?
- 5.7 How trustworthy is AMP Europe?
- 5.8 What are the deposit and Withdrawal options
AMP Global user-ratings: $100
- Asset varierity - 0/100/10
- Trading platform - 0/100/10
- Support - 0/100/10
- Fees - 0/100/10
- Deposit/Withdrawal - 0/100/10
Facts about the company:
- Type: Forex, CFDs, Futures, Commodities Broker
- Regulation: CySEC (Cyprus)
- Minimum deposit: $100
- Demo account: Free
- Markets: 860+ Forex, CFDs, Futures, Commodities
- Spreads from 0.5 pips
- Fees from $0
- Ultra-low commissions
- 860+ CFDs, Forex, Futures
- Low-cost conditions
- Free webinars and courses
- No app available
- No customer service on the weekends
- Selection of tradable CFD instruments is still quite limited.
Who is AMP Global?
AMP Global consists of AMP Global Clearing LLC (known as AMP Futures or AMP USA) based in Chicago (USA) and AMP Global LTD (AMP Europe) based in Cyprus (Europe). AMP is one of 12 brokers at present, which can be used via the popular trading platform TradingView
Company AMP Global at a glance
We’ll provide you an overview of the AMP Global group of companies which is divided into AMP USA and AMP Europe. AMP Futures (AMP Global Clearing LLC) marks the beginning of AMP Global. AMP Global LTD was founded later and builds on the experience of AMP Futures and AMP Global USA.
Since 2010, AMP Global USA has been a Chicago, USA-based Futures Commission Merchant (FCM), providing retailers, brokers, CTAs, third-party providers, and API developers with direct access to the global electronic futures markets.
The Chicago office is located on the entire 25th floor of the LaSalle/Wacker building.
Facts about the history:
- serving traders since 2010
- Chicago based AMP Global
- CySEC-regulated Forex
Who is AMP Global Europe?
AMP Global is a CySEC regulated Forex, CFDs, and Exchange-Traded Futures Online Broker. The AMP Global itself is clustered in the AMP Global Clearing LLC based in Chicago and the USA and the AMP Global LTD based in Europe.
Which markets are tradable?
At AMP Global USA, futures and futures options are tradable on the following exchanges:
- Chicago Mercantile Exchange
- Commodity Exchange (COMEX)
- The Intercontinental Exchange ICE Futures Europe (IPE)
- New York Mercantile Exchange
- Singapore Exchange
- Sydney Futures Exchange (ASX SFE)
- Hong Kong Futures Exchange (HKEX)
- Mini-Nikkei 225 – Osaka-Japan (JPX)
- CBOE Volatility Index (VX) – “VIX
All common futures markets are therefore tradable. At AMP Global Europe (AMP Global LTD), CFDs are also tradable in addition to the futures. CFDs are currently tradable on the following markets:
- Stock indices
- Raw materials
- Crypto Currencies
In terms of currencies, all common currencies can be traded. There is also still a sufficient choice of stock indices. Here the 13 largest indices are tradable. In contrast, the selection of commodities is even smaller at the moment. Here, gold, Brent oil, Crude oil, US Natural Gas, and silver are available. With ten American stocks that are currently tradable, the supply here is still very low. Five cryptocurrencies are currently available (Bitcoin Cash, Bitcoin USD, Etherium USD, Litecoin USD, and Ripple USD).
Deposit and Withdrawal with AMP Global
The minimum deposit is $100. However, the margin is only enough to trade Micro Futures or CFDs. Moreover, the online broker AMP Global is offering a number of different payment options to its clients. For US dollars paying customers the following methods are available:
- Credit/ Debit Card
- Bank Wire
- Internal Transfer
When it comes to withdrawals, there are other payment options available besides the ones we just talked about. By using VISA, MasterCard, Skrill, Neteller, or paying per sofort banking there are no fees charged.
Is there a deposit insurance?
There is no deposit insurance with AMP Global USA.
At AMP Global Europe, the deposit insurance is up to 20.000€. In accordance with the Market in Financial Instruments Directive (MiFID), client funds are held in segregated bank accounts and insured by the Investors Compensation Fund.
Under the rules and regulations of the ICF, the total remuneration payable to each covered client may not exceed 20,000€, regardless of the number of accounts held, the currency, and the location where the investment service is offered.
How is AMP Global regulated?
As the AMP Global is divided into two parts, both parts are also regulated separately.
AMP Global Clearing LLC – AMP Global (USA) is licensed as a Futures Clearing Merchant “FCM” under the supervision of the National Futures Association and the Commodity Futures Trading Commission with license number 0412490.
AMP Global LTD – AMP Global (Europe) is licensed as a Cypriot Investment Company “CIF”; regulated by the Cyprus Securities and Exchange Commission, with license number 360/18. Therefore, AMP Global Europe s licensed and regulated by CySec.
Where do I register for a demo account?
The registration for a demo account is done directly on the website of AMP Global. You have to choose the trading platform directly. Afterward, you are able to simulate trades. Alternatively, you can open a real money account and select the simulated account. The registration for a demo account at AMP Europe works in the same way. Needless to say, you can find the demo account on the AMP Global Website.
How do I open an account with AMP Global?
Opening an account on the AMP Global website is fast and easy. After you selected the button ”Open Account or Live Account” you simply enter your personal data in five steps. The whole process itself takes less than five minutes. Afterward, you are good to go and ready to get started.
These are the five steps you have to follow:
- Personal Details
- Economic Profile
- Knowledge & Experience
- Governance & Declarations
- Agreements & Disclosures
What are the conditions at AMP Global?
The conditions of AMP Global belong to the best worldwide. There are two condition models at AMP Global USA:
- Flat rate
With the flat-rate model, you get the same conditions regardless of the trading volume. However, this is available from a minimum deposit of $10,000. The round turn for an E-mini S&P 500 index is then just $0.74. For the DAX future, the round turn is $2.84. In addition, depending on the data provider, there are routing fees of $0.00-0.25 per contract.
The Volume-Tiered model is available from a minimum deposit of $100.
There are four scales, depending on the volume traded:
- Less than 1000 contracts per month
- 1,001 – 4,999 contracts per month
- 5,000 – 9,999 contracts per month
- More than 10,000 contracts per month
AMP global is so convinced of its unique conditions that one gets even 20 free trades, if one finds a broker with better conditions.
With AMP global Europe there are three trading account types:
- Trading account
- Corporate clients
Moreover, there are specifications for all Types of Accounts. Take a closer look:
|Execution Model:||Futures Exchanges/STP|
|Order Requotes or Rejections:||None|
|Minimum Spreads:||1.0 pips|
|Commission fees per lot traded:||Yes|
|Leverage offered:||Up to 100:1|
|Minimum deposit:||100 USD/EUR/GBP or 6,500 RUB|
|Minimum Trade Size:||0.01 lots|
|Maximum Trade Size:||100.00 lots|
|Value of 1 Lot:||100,000 units of base currency|
|Decimal Pricing:||5 decimals|
|Maximum Number of Open Positions:||Unlimited|
|Margin Call Level:||100%|
|Stop-Out Level:||50 %|
|Negative Balance Protection:||Yes, for CFDs only|
How high are the margin requirements at AMP Global?
The margin requirements are very low. AMP Global is also one of the leading providers in this area. The maintenance margin is set by the stock exchange and AMP has no influence in this respect. This is the margin that must be deposited when the position is held overnight. However, the day trade margin can be set by yourself. Here AMP offers extremely low margins.
- The daytrade margin for the DAX Index is $2,500
- The daytrade margin for the Dow Jones Mini is $500.
- The daytrade margin for TOPIX is $1,812.50
What are the experiences with AMP Global?
The experience with AMP Global is good. Especially the favorable conditions, the low margins and the wide range of trading platforms are very popular. Customer service is also usually easily accessible and questions are answered competently.
In addition, the process of opening an account is also straightforward and easy to understand.
How can I contact AMP Global?
AMP Global can be contacted by phone, email and live chat. The response times are usually okay.
The first answer is often a bit compact, but if you ask again you will get more details. There is also 24-hour support. This is available from Sunday 4.45 pm CST to Friday 5 pm. CST. All market trading hours are displayed as U.S. Central Time (Chicago).
During U.S. trading hours, the 24-hour support desk is staffed with 15 employees. During trading hours outside the USA, 4 employees are on duty. The Trading Desk is staffed with 4 employees during US trading hours. Outside trading hours, 2 employees are on duty. The 24-hour risk department is staffed similarly to the Trading Desk.
|Support available:||24/7 from Sunday 5 PM CST till Friday 5:00 PM|
|Telephone:||+44 20 3856 7788 (London)|
Is it possible to connect AMP Global to MetaTrader 5?
The MetaTrader 5 can also be connected to AMP Global. Which other trading platforms are available at AMP Global?
AMP Global Europe currently only offers MetaTrader 5 and StereoTrader 2.5. At AMP Global USA, on the other hand, a multitude of trading platforms are available. The interested trader can choose from more than 60 trading platforms. Some trading platforms with costs are even available for free as a customer of AMP Global.
The best known trading platforms that are available are as follows:
- market delta
- MetaTrader 5
- Sierra Charts
- jigsaw trading
- VeloxPro – BookMap
- R Trader
What is ISystems at AMP Global?
ISystems is a selection of automatic trading systems that can be used for a monthly fee. Different trading systems can be selected depending on the size of the account. The costs usually start at $25 per month.
Does AMP Global offer a training area?
There is also a training area. This covers several areas. Firstly, various trading tools are available free of charge. On the other hand, the basics of futures are also explained.
The following tools can be used:
- Free Learn To Trade Futures Information Kit
- Futures Trading Resources
- Support & Resistance Levels
- S&P500 Futures Squawk Box
- Futures 101 Lessons – Understanding the Futures Markets
- pivot point calculator
- Futures 101 Booklet
- free simulated trading
The training covers all aspects of futures trading. The types of orders as well as the risks and history of futures are shown. In addition, a video library and the YouTube channel are currently under construction. Currently, both channels are still without content. Webinars are also being planned.
For MetaTrader 5 there are already a lot of videos available.
AMP Global is a good broker with favorable conditions and a wide range of trading platforms.
Since the foundation of AMP Global Europe, AMP Global has even established itself as an all-in-one broker for European customers. Currently, the selection of tradable CFD instruments is still quite limited. However, this will certainly be further expanded over time. Due to the low margin and minimum deposit, AMP Global is especially popular with less capitalizing traders.
The choice of trading platforms at AMP Global USA is already very large and all platforms are available. At AMP Global Europe there are already two very good trading platforms available: MetaTrader 5 and StereoTrader. The support is easily accessible, even if the waiting times are sometimes a bit longer due to the high customer volume.
However, due to the low minimum deposit insurance, AMP Global is rather recommended for less capitalized customers. Who looks for however a good broker with a small margin and favorable conditions, that is in any case with AMP Global correctly waived.
Most asked questions:
What Data Feeds Are Available At AMP Global?
At AMP Global you can choose between four different options when it comes to Data Feeds. The first one is CTS, the second CQG followed by Rithmic and last but not least the TT. The fees for CQG are $0.10 per contract.
How Is The Bank Transfer Or The Deposit And Withdrawal Made?
At AMP Global USA, deposits and withdrawals are made by bank transfer only. Usually, the money is on the account within 1-3 business days. All common deposit and withdrawal methods are available at AMP Global Europe. Besides Visa, Mastercard, Skrill, and Neteller, there is a variety of other payment providers, which can be used for deposits and withdrawals at AMP.
Is there an AMP Global App?
AMP Global itself has no App. However, there are some trading platforms available that do have an app. For example, the MetaTrader 5 app is ideal for trading on the go. There is also the possibility of web trading and therefore trading can also be done from a smartphone or iPad.
How trustworthy is AMP Europe?
AMP Global Europe obtains its license from Cyprus. The CySEC certification is very highly regarded and can be classified as serious. The license number is 360/180.
What are the deposit and Withdrawal options
Customers can choose between popular payment methods like Visa, Mastercard as well as e-Wallet payment services as Skrill and Neteller. There are no fees charged by AMP Global.