FBS vs AMP Global - Fees Review included
Which broker is better FBS or AMP Global? Our expert assessment conducted according to TU’s own methodology showed that FBS is one of the top brokers in the financial market with the TU Overall Score of 7.33 out of 10. AMP Global is one of the top brokers in the financial market with the TU Overall Score of 6.59 out of 10. Find out more about TU Overall Score.
| Feature | FBS | AMP Global |
|---|---|---|
Overall |
4.3 |
4.2 |
4.6 |
4.8 |
|
3.9 |
4.4 |
|
4.1 |
4.3 |
|
Investment Instruments |
4.7 |
1 |
Platforms and Charting Tools |
4.5 |
4.6 |
Deposit and Withdrawal |
4.2 |
4.1 |
Research |
3.9 |
3.6 |
Education |
4.2 |
4.3 |
Support |
3.9 |
3.5 |
Bonuses |
5 |
2 |
|
|
FBS vs AMP Global: Pros and Cons
FBS (fbs.com) is an international broker operating in 190 countries. The brokerage company has been on the market for over 10 years, and during this time it has earned about 40 international awards. It is regulated by the CySEC under license number 331/17 and provides flexible conditions for Forex trading. FBS is especially popular in Asian countries such as India, Malaysia and Indonesia.
AMP Global is part of the AMP Global Group holding (Chicago, USA). The European subsidiary was established in 2010 to provide services outside North America. The broker is registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). AMP Global is a member of the Investor Compensation Fund and pays great attention to the safety of clients' funds. Separate accounts in European banks are used for their storage of deposits, which is completely separated from the authorized capital of the broker itself.
| FBS | AMP Global | |
|---|---|---|
| Overall Pros | A large selection of trading instruments | Membership in the Investor Compensation Fund – acts as a guarantee to protect the client's interests in the event of a dispute; |
| Copyt trading platform | US and EU Regulated broker | |
| $140 no-deposit bonus (not available for EU clients) | No restrictions on trading strategies | |
| Crypto account | Echange traded futures support, access to SME, EUREX, ICE and other exchanges | |
| Low fees | ||
| Overall Cons | Hihg trading fees | The minimum deposit is USD / EUR / GBP 100 |
| Slow exacution speed | No zero spreads | |
| There are no micro (cent) accounts | ||
| No direct stock trading (Only CFDs) | ||
| Not a big choice of supported assets |
FBS vs AMP Global: Safety and Regulation
| FBS | AMP Global | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 |
€20,000 (EU) £85,000 (UK) €100,000 (DE) €100,000 (ES) |
FCA UK Regulation |
No |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
Yes |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
No |
FBS vs AMP Global: Trading Conditions
| Trading Conditions | FBS | AMP Global |
|---|---|---|
Minimum Deposit |
$1 |
$100 |
Trading Platforms |
MetaTrader 4, MetaTrader 5, FBS Trader |
MT4, MT5, StereoTrader 2.5 based on MT5, web terminal |
Max Leverage (Futures) |
401769 |
1-100 |
Supported Markets |
Forex, CFDs on stocks, indices, metals, energies, crypto |
Currencies, cryptocurrencies, CFDs on indices, stocks, exchange futures, metals, energy |
Trading assets |
200+ |
150+ |
Trading Accounts |
Standard, Cent, ECN, Micro, Zero Spread, Copy Trade |
Demo, Trading, Corporate, Islamic |
Base Account Currencies |
EUR, USD |
USD, EUR, GBP |
FBS vs AMP Global: Fees
| FBS | AMP Global | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,25 |
Standard acc. spread EUR/USD, max pips |
1,3 |
0,4 |
ECN Commission |
3 |
|
ECN Spread EUR/USD |
0,12 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FBS vs AMP Global: Trading Assets
| Asset Name | FBS | AMP Global |
|---|---|---|
Overall |
200+ |
150+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
FBS or AMP Global: Investment Programs
| Asset Name | FBS | AMP Global |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: AMP Global or FBS
| FBS | AMP Global | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
FBSTrader |
StereoTrader 2.5 |
Others |
No |
No |
|
|
FBS vs AMP Global: Deposit and Withdrawal Methods
| FBS | AMP Global | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
FBS vs AMP Global: Research
| Research Type | FBS | AMP Global |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
FBS vs AMP Global: Education
| Education Type | FBS | AMP Global |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
AMP Global vs FBS: Support
| Support Features | FBS | AMP Global |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
No |
Other |
FB Messenger |
No |
FBS vs AMP Global: Forex Bonuses and Promo
| Promo | FBS | AMP Global |
|---|---|---|
Forex Bonus |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
No |
Affiliate Program |
Yes |
|
Other Promos |
By activating the option in the personal account, a trader can receive a cashback of up to $15 per lot |
|
|
|
Top 5 Reviews on AMP Global
-
Comment
AMP Global is regulated in over 10 jurisdictions, including the FCA (UK), BaFin (Germany), and CySec (Cyprus), which sets the broker apart from competitors. In case of disputes, compensation can reach up to €20,000 or even £85,000 for UK clients. However, account registration requires a comprehensive set of documents, and the minimum deposit of 100 USD/GBP/EUR may not be ideal for beginners with a limited budget.
-
Comment
AMP Global provides access to trading futures, currencies, metals, and indices on the MT5 platform and web terminal. The minimum deposit at AMP Global is 100 USD, EUR, or GBP. The EUR/USD spread ranges from 0.25 to 0.4 pips, and the minimum lot size is 0.01. The platform supports trading via a mobile app and offers three types of accounts: standard, corporate, and Islamic. This provides sufficient options for individuals and companies, although the absence of micro accounts and investment programs may limit some traders.
-
Comment
Amp Global works stably and I haven’t noticed any major glitches. Support responds to requests, not instantly of course, but within a few hours. I deposited profits without problems during the day. There is a way to deposit and withdraw funds without fees. At the very beginning of my trading, I lost almost $800, but solely due to my stupidity. Now I’ve already restored everything, and even made a small profit. I recommend amp Global to everyone.
-
Comment
Previously, AMP Global worked fine. It was pleasant to collaborate with them, and trading was going smoothly. I don't know what happened, but now the broker has become downright awful. There are some new conditions where a seemingly successful trade can end up in a loss. Payment delays are becoming more frequent. And the support from AMP Global, that's a whole other problem. They may respond the next day or not respond at all. If six months ago I would have given them a solid four, now they wouldn't even get three points. I'm leaving the broker.
-
Comment
Everything was good, and there were no signs of trouble. I registered with AMP Global, the support was friendly and polite. However, when I started trading, I discovered many drawbacks. Firstly, there is a terrible quote divergence; it feels like they always change in the opposite direction as soon as I have a small profit. Also, it's hard not to notice the wide spreads, which can be as much as 20 points without any news releases. For a serious broker, this is very strange and suspicious.
Top 5 Reviews on FBS
-
Comment
Broker FBS provides access to trading on more than 150 markets, including forex, indices, metals, and futures contracts. The minimum deposit is $5, making FBS accessible for beginner traders. Leverage goes up to 1:3000, and the minimum spread on major currency pairs starts from 0.7 pips. Trading platforms available include MetaTrader 4, MetaTrader 5, and FBS Trader, with a minimum trade size of 0.01 lots.
-
Comment
I've been working with FBS for over six months. Withdrawals to a card usually take up to 48 hours, and fees depend on the chosen method. On the Pro account, spreads start from 0.5 pips but can widen during news releases. The company is regulated by the IFSC — not the strictest regulator, but it's something.
-
Comment
I occasionally use copy trading from FBS. It’s convenient that you can start with just $1. However, when choosing a trader, it’s important to carefully analyze their statistics — not all of them trade consistently. On the plus side, there’s automation; on the downside, the search filters are limited.
-
Comment
I started working with FBS because of the wide variety of account types. The conditions vary: for example, the Cent account requires just a $1 minimum deposit, while the ECN account starts at $1000. Each account suits a different trading strategy. The key is to carefully review the spreads and commissions before opening an account.
-
Comment
I did not get the answer I was seeking or I might have read a different thing online, I really can’t say because when I contacted the FBS support team. After trying the live chat option to no avail, I decided to try the Telegram channel. Initially, it was supposed to be a bot but I got a message that an agent would join. When I asked for the accounts available and features and the ideal one for Forex I got a long message which I did not understand (I was expecting a list of accounts and their features). Later the agent said they only offer standard accounts.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.