MultiBank vs AMP Global - Fees Review included
Which broker is better MultiBank or AMP Global? Our expert assessment conducted according to TU’s own methodology showed that MultiBank is one of the top brokers in the financial market with the TU Overall Score of 5.92 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 | MultiBank | AMP Global |
---|---|---|
Overall |
4.2 |
4.2 |
4.9 |
4.8 |
|
4.0 |
4.4 |
|
4.8 |
4.3 |
|
Investment Instruments |
4.8 |
1 |
Platforms and Charting Tools |
3.9 |
4.6 |
Deposit and Withdrawal |
4.3 |
4.1 |
Research |
3.1 |
3.6 |
Education |
2.8 |
4.3 |
Support |
4.1 |
3.5 |
Bonuses |
4.3 |
2 |
|
MultiBank vs AMP Global: Pros and Cons
Established in 2005, MultiBank Group has successfully stamped its authority in the world of trading. It has a valid impact in the foreign exchange industry with providing exemplary products, services, and trading platforms. With a paid-up capital of over $322 million, MultiBank Group is recognized as one of the largest only financial derivatives providers worldwide. The Group is closely supervised by over 10 financial regulators worldwide across various jurisdictions, what ensures investor protection. Entities regulated by ASIC, BAFIN, CNMV, FMA, TFG, HKCE, AUSTRAC, VFSA, CIMA.
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.
MultiBank | AMP Global | |
---|---|---|
Overall Pros | Professional ECN accounts with floating spreads from 0.1 pips | Membership in the Investor Compensation Fund – acts as a guarantee to protect the client's interests in the event of a dispute; |
popular trading platforms MT4 and MT5, mobile apps and web terminals compatible with various OS and browsers | US and EU Regulated broker | |
several options for passive earnings including a service for copying trades, PAMM accounts, and an affiliate program | No restrictions on trading strategies | |
20,000+ CFD Products across six asset classes | Echange traded futures support, access to SME, EUREX, ICE and other exchanges | |
supervised by over 10 financial regulators worldwide across various jurisdictions | Low fees | |
Overall Cons | trading restrictions on scalping | The minimum deposit is USD / EUR / GBP 100 |
Limited education and research | No zero spreads | |
High inactivity fee | There are no micro (cent) accounts | |
No direct stock trading (Only CFDs) | ||
Not a big choice of supported assets |
MultiBank vs AMP Global: Safety and Regulation
Regulated By: | MultiBank | AMP Global |
---|---|---|
US Regulation |
No |
Yes |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
Yes |
No |
Other Regulators |
AUSTRAC (Australia), BAFIN (Germany), CNMV (Spain), FMA (Liechtenstein), SMA (Singapore) TFG, HKCE, VFSA (Vanuatu), CIMA. |
No |
MultiBank vs AMP Global: Trading Conditions
Trading Conditions | MultiBank | AMP Global |
---|---|---|
Minimum Deposit |
$50 |
$100 |
Trading Platforms |
MT4, MT5, WebTrader, Mobile app |
MT4, MT5, StereoTrader 2.5 based on MT5, web terminal |
Max Leverage (Futures) |
1-500 (no for all markets, EU, AU - 1-30, please look for your regulator rules) |
1-100 |
Supported Markets |
Forex, Metals, Shares, Indices, Commodities, Cryptocurrencies |
Currencies, cryptocurrencies, CFDs on indices, stocks, exchange futures, metals, energy |
Trading assets |
20000+ |
150+ |
Trading Accounts |
Pro, ECN, Standard, Demo |
Demo, Trading, Corporate, Islamic |
Base Account Currencies |
USD, GBP, EUR, CHF, AUD, AED, NZD, CAD |
USD, EUR, GBP |
MultiBank vs AMP Global: Fees
Forex Trading Fees
Fee | MultiBank | AMP Global |
---|---|---|
Standard Account EURUSD Average Spread |
1.7 pips |
0.2 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$3 per lot |
Not supported |
ECN Account EUR Average Spread |
0.1 pips |
Not supported |
CFD Trading Fees
Fee | MultiBank | AMP Global |
---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
Fee | MultiBank | AMP Global |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
$3 |
Inactivity Fee |
$60 per quarter after 3 months of inactivity |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
MultiBank vs AMP Global: Trading Assets
Asset Name | MultiBank | AMP Global |
---|---|---|
Overall |
20000+ |
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 |
MultiBank or AMP Global: Investment Programs
Asset Name | MultiBank | AMP Global |
---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: AMP Global or MultiBank
MultiBank | AMP Global | |
---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
StereoTrader 2.5 |
Others |
No |
No |
|
MultiBank vs AMP Global: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | MultiBank | AMP Global |
---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
No |
MultiBank vs AMP Global: Research
Research Type | MultiBank | AMP Global |
---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
NO |
No |
MultiBank vs AMP Global: Education
Education Type | MultiBank | AMP Global |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
AMP Global vs MultiBank: Support
Support Features | MultiBank | AMP Global |
---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
No |
Other |
No |
No |
MultiBank vs AMP Global: Forex Bonuses and Promo
Promo | MultiBank | AMP Global |
---|---|---|
Forex Bonus |
“Trading Bonuses”, traders can benefit from various trading bonuses including the 20% deposit bonus whereby traders can earn a bonus up to $40,000 |
No |
Affiliate Program |
“Introducing Broker Program”, this IB program is dedicated to benefit a community of 30,000+ IBs with one of the highest rebates and offers in the industry. “CPA Affiliate Program”, this CPA program allows digital marketers such as portal websites, media buyers, email marketers, affiliate networks, bloggers, and influencers of the forex or financial services community to earn a commission for every active trader they introduce to MultiBank Group. |
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 MultiBank
-
Comment
I think that MultiBank is a reliable and normal broker. Ask why? Because my money was drained with another company, and when I registered and started trading with MultiBank I had no problems. The quotes are real, and most importantly, I managed to earn $300 in 2 months with a deposit of $2,000, although I’m not that experienced. I think I’ll continue trading here and if anything changes — I’ll let you know.
-
Comment
I recommend working with MultiBank to everyone, and for novice traders I recommend trading on a demo account until you learn how to trade profitably. For normal trading, MultiBank requires a sufficient deposit. But with a small deposit there is absolutely nothing to do in the financial market. The platform is normal and with a good strategy you can make money here.
-
Comment
I’ve been trading with multibank for about a year. At first I started with a small deposit, as I wanted to check the conditions and had doubts about withdrawals. Yes, the first withdrawal was delayed for several days, but subsequent ones were without problems — withdrawals arrived on the day of requests. Personally, I have no problems with MultiBank, perhaps because I trade honestly and not aggressively.
-
Comment
It is strange to hear dissatisfaction from traders, especially from novice traders. You need experience to understand the quality of brokerage services. If traders trade with a huge leverage, lose everything, and then complain about the company, it’s not the company to blame. They would still have lost their money with such trading... No matter where. MultiBank is a normal company.
-
Comment
spent 2 years trading with Multi bank. I lost about $60,000 and the price almost never went up. It’s just that after opening orders, the price immediately bounces off and goes in the opposite direction. When I complained - they took action! But I’m just tired of such work.
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.