AMP Global (Europe) | Forex Factory

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AMP Global (Europe)

  • #1
  • First Post: Aug 16, 2019 3:45pm Aug 16, 2019 3:45pm
I have recently opened an account with this Cypress based broker. First I will test outs basic stuff.
  • #2
  • Aug 18, 2019 2:45am Aug 18, 2019 2:45am
They say you can open an account with a minimum of $100.
  • #3
  • Aug 22, 2019 12:56am Aug 22, 2019 12:56am
And negative balance protection?
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  • #4
  • Aug 22, 2019 3:25am Aug 22, 2019 3:25am
Quoting rockit
And negative balance protection?
No, they don't offer negative balance protection. If that is the sort of thing you're looking for, probably not the broker for you.
  • #5
  • Aug 22, 2019 5:02am Aug 22, 2019 5:02am
Quoting BubaYaga
No, they don't offer negative balance protection. If that is the sort of thing you're looking for, probably not the broker for you.
How then are AMPG Cypress based? Cypress is EU, and the ESMA requires brokers to provide NBP. As I see that they adopted the ESMA leverage restraints. But not NBP? Hm..
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  • #6
  • Aug 22, 2019 6:01am Aug 22, 2019 6:01am
Quoting rockit
{quote} How then are AMPG Cypress based? Cypress is EU, and the ESMA requires brokers to provide NBP. As I see that they adopted the ESMA leverage restraints. But not NBP? Hm..
When I signed up, I acknowledged the possibility that losses can exceed deposits. I qualified as a professional client because I used to work in prop.

Perhaps retail clients have NBP? Would need to clarify that with them.
  • #7
  • Dec 6, 2019 4:31am Dec 6, 2019 4:31am
Quoting BubaYaga
I have recently opened an account with this Cypress based broker. First I will test outs basic stuff.
Been with these guys for a few months now and pretty happy with them.
Deposit (via Skrill) took a bit under 24 hours to hit landing account.
Futures data fees are deducted from trading account sometime during first business day each month.
All in fees (commission, exchange clearing, ect) is very reasonable.
Withdrawal (via Skrill) was fast, money in Skrill account in about 30 minutes.
Support is good, after live chat follow up email with ticket number for reference.
Only platform they offer is MT5 which is alright, but a little less flexible than other futures platforms.
  • #8
  • Dec 17, 2019 8:42am Dec 17, 2019 8:42am
Quoting BubaYaga
{quote} Been with these guys for a few months now and pretty happy with them. Deposit (via Skrill) took a bit under 24 hours to hit landing account. Futures data fees are deducted from trading account sometime during first business day each month. All in fees (commission, exchange clearing, ect) is very reasonable. Withdrawal (via Skrill) was fast, money in Skrill account in about 30 minutes. Support is good, after live chat follow up email with ticket number for reference. Only platform they offer is MT5 which is alright, but a little less flexible...
The Stereo Trader interface for MT5 is pretty nice and adds some more flexibility
  • #9
  • Dec 17, 2019 8:54am Dec 17, 2019 8:54am
AMP Global has solid regulation and is well established in US and now EU... probably the biggest advantage, aside from fair pricing and margins, is that you can trade everything on one platform.
  • #10
  • Last Post: Dec 19, 2019 9:02am Dec 19, 2019 9:02am
The good thing about them is they do not have mt4
However, they are not particularly good for "scalping" few pips, their spreads are wide and tick-volume is low (evidenced in demo), indicative of that they interfere with price, like most brokers do (imo every broker if their spreads (commission based) are higher than 0-2 points).
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