IC Markets vs AMP Global - Fees Review included
Which broker is better IC Markets or AMP Global? Our expert assessment conducted according to TU’s own methodology showed that IC Markets is one of the top brokers in the financial market with the TU Overall Score of 8.62 out of 10. AMP Global is one of the top brokers in the financial market with the TU Overall Score of 5.18 out of 10. Find out more about TU Overall Score.
| Feature | IC Markets | AMP Global |
|---|---|---|
Overall |
4.7 |
4.2 |
5 |
4.8 |
|
4.9 |
4.4 |
|
4.6 |
4.3 |
|
Investment Instruments |
4.9 |
1 |
Platforms and Charting Tools |
4.4 |
4.6 |
Deposit and Withdrawal |
4.6 |
4.1 |
Research |
4.3 |
3.6 |
Education |
4.4 |
4.3 |
Support |
4.6 |
3.5 |
Bonuses |
2.5 |
2 |
|
|
IC Markets vs AMP Global: Pros and Cons
IC Markets Trading Company was founded in 2007 in Sydney, Australia. The broker is licensed under the Australian Financial Services License (AFSL) and the Australian Securities and Investment Commission (ASIC). The broker is also a member of the Australian Financial Complaint Authority (AFCA), the governing body that sets the industry standard for the resolution of disputes between consumers and financial service providers, and regularly undertakes audits.
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.
| IC Markets | AMP Global | |
|---|---|---|
| Overall Pros | World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | Membership in the Investor Compensation Fund – acts as a guarantee to protect the client's interests in the event of a dispute; |
| Advanced ECN trading | US and EU Regulated broker | |
| Order execution speed 40 mc | No restrictions on trading strategies | |
| Free VPS | Echange traded futures support, access to SME, EUREX, ICE and other exchanges | |
| Trading servers in New York and London | Low fees | |
| Strong regulation | ||
| 2000+ trading assets, 60+ currency pairs | ||
| EURUSD Average spread 01 pip | ||
| Overall Cons | No forex bonuses | The minimum deposit is USD / EUR / GBP 100 |
| World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | No zero spreads | |
| There are no micro (cent) accounts | ||
| No direct stock trading (Only CFDs) | ||
| Not a big choice of supported assets |
IC Markets vs AMP Global: Safety and Regulation
| Regulated By: | IC Markets | AMP Global |
|---|---|---|
US Regulation |
No |
Yes |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
AFCA (Australia) |
No |
Other Regulators |
Yes |
No |
IC Markets vs AMP Global: Trading Conditions
| Trading Conditions | IC Markets | AMP Global |
|---|---|---|
Minimum Deposit |
$200 |
$100 |
Trading Platforms |
MT4, MT5, cTrader |
MT4, MT5, StereoTrader 2.5 based on MT5, web terminal |
Max Leverage (Futures) |
1-500 |
1-100 |
Supported Markets |
Forex, futures, CFDs on indices, commodities, metals, stocks and bonds |
Currencies, cryptocurrencies, CFDs on indices, stocks, exchange futures, metals, energy |
Trading assets |
2000+ |
150+ |
Trading Accounts |
cTrader, Raw Spread, Standard |
Demo, Trading, Corporate, Islamic |
Base Account Currencies |
USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC |
USD, EUR, GBP |
IC Markets vs AMP Global: Fees
Forex Trading Fees
| Fee | IC Markets | AMP Global |
|---|---|---|
Standard Account EURUSD Average Spread |
0.62 pips |
0.2 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$3 per lot |
Not supported |
ECN Account EUR Average Spread |
0.02 pip |
Not supported |
CFD Trading Fees
| Fee | IC Markets | AMP Global |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | IC Markets | AMP Global |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
$3 |
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.
IC Markets vs AMP Global: Trading Assets
| Asset Name | IC Markets | AMP Global |
|---|---|---|
Overall |
2000+ trading assets |
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 |
Yes (CFD) |
No |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes (CFD) |
Yes |
Binary Options |
No |
No |
IC Markets or AMP Global: Investment Programs
| Asset Name | IC Markets | AMP Global |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: AMP Global or IC Markets
| IC Markets | AMP Global | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
Yes |
No |
Appropriate platform |
IC Markets terminal |
StereoTrader 2.5 |
Others |
No |
No |
|
|
IC Markets vs AMP Global: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | IC Markets | AMP Global |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
IC Markets vs AMP Global: Research
| Research Type | IC Markets | AMP Global |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
IC Markets vs AMP Global: Education
| Education Type | IC Markets | AMP Global |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
AMP Global vs IC Markets: Support
| Support Features | IC Markets | AMP Global |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
No |
Other |
No |
No |
IC Markets vs AMP Global: Forex Bonuses and Promo
| Promo | IC Markets | AMP Global |
|---|---|---|
Forex Bonus |
Not offered |
No |
Affiliate Program |
% of trading commissions |
Yes |
Other Promos |
||
|
|
Top 5 Reviews on AMP Global
-
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.
-
Comment
I strongly advise against dealing with AMP Futures. Despite their claims to offer the best trading conditions in the financial markets, these statements are nothing but deception. Yes, AMP Futures is licensed by a regulator. Unfortunately, they professionally employ various manipulations to make traders lose their money during trading.
-
Comment
My attempts to make money with AMP Global ended in failure. I tried to trade honestly, but I found that constant interference in my trades made this impossible. AMP Global has a practice of canceling trades and adjusting quotes. Therefore, I would like to caution other traders and urge them to be careful when considering this company for financial trading.
Top 5 Reviews on IC Markets
-
Comment
I decided to use the services of IC Markets not long ago. Now I think that not all negative reviews are justified. This is a good broker and I have already withdrawn profits several times, everything went without problems. IC Markets’ rates differ from those of other brokers. But you can adapt to this problem.
-
Comment
I initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them oliviatrader 44 at gmail com WhatApp +1 (423) 248 - 2140
-
Comment
I was looking for a reliable broker and noticed the long existence and good reputation of ICMarkets. Moreover, my friend, who has been trading for a long time, recommended contacting them. After several years, I have become a more experienced trader and I am satisfied with the work of the broker.
-
Comment
I have been trading with IC Markets for some time now and I can draw some conclusions. The platform works stably, which indicates a serious approach to its work. Spreads are quite optimal, although for cryptocurrencies they are higher than average as compared to those of its competitors. Slippages occur, there is nothing you can do about it. But there are no problems with requotes at all. In general, I think it’s possible to rate IC Markets “good”.
-
Comment
There are many advantages to IC Markets broker. First, of course, is the presence of a license from a reputable regulator. Accounts can be opened for citizens of many countries. Second, the platform works very well. Order execution speed is high, and you can actively trade manually or with the help of an advisor. I am quite satisfied with IC Markets as a broker.
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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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!