Trading Confidence: Experts Provide Opinion on AMP Futures
Selecting the best brokerage is important for confident trading, as it can significantly impact success. Market participants, always in search of reliable platforms, are now focusing on AMP Futures and Evolve Markets. In this review, Traders Union evaluates the features and services of both companies to aid informed decisions.
A closer look at AMP Futures
AMP Global Clearing, known as AMP Futures, stands out as a reputable and licensed broker offering access to major futures exchanges and the Forex market. Positioned as a reliable choice for active traders, it particularly caters to the needs of experienced market participants.
While the minimum deposit and spreads may not be ideal for beginners, AMP Futures provides a valuable learning experience through an unlimited demo account. Accordingly, individuals using MetaTrader 5 enjoy the benefits of the All-in-One Account service, enabling seamless trading of futures, Forex, and CFDs. In addition, the platform grants direct access to 10 global exchanges for stock futures.
Established in 2010, AMP Global's European subsidiary operates under Cyprus Securities and Exchange Commission (CySEC) regulation and is a member of the Investor Compensation Fund, underscoring its commitment to client security. With this, client funds are securely stored in separate accounts in European banks, ensuring complete isolation from the broker's authorized capital. Notably, this commitment to regulatory compliance and fund protection contributes to AMP Futures' reputation as a trustworthy broker for traders seeking secure trading opportunities.
Upsides of AMP Futures
AMP Futures boasts a legacy of catering to seasoned traders, known for its comprehensive range of trading tools and resources. Traders Union experts have rounded out the main strengths of the platform:
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Investor protection: AMP Future’s affiliation with the Investor Compensation Fund safeguards clients' interests in dispute situations.
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Regulatory compliance: the platform’s possession of a CySEC license adds credibility, ensuring a regulated trading environment.
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User-friendly operations: the hassle-free and fully digital account opening process for easy initiation, minimizes work for traders.
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Customer support: AMP’s responsive and multilingual customer support enhances communication for users.
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Accessibility and convenience: the broker’s website is available in nine languages, allowing easy access to account information and trading terminals.
Challenges to consider
Despite AMP Future’s advantages, traders should take into account the following drawbacks that require attention:
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Minimum deposit concerns: minimum deposit requirement of $100 might be a financial consideration for certain traders.
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Absence of zero spreads: AMP Futures does not offer zero spreads, a drawback compared to some competitors in the market.
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Lack of micro (cent) accounts: absence of micro (cent) accounts might limit options for users with specific preferences.
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Absence of copy trading and advisors: AMP Futures does not provide services for copying trades or using advisors, limiting potential profitability strategies.
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Regulatory limitations: the regulator does not consider small claims from private traders.
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Limited support hours: while the broker's support service is available twenty-four/five, its non-operation during weekends may be a constraint for some users.
Understanding Evolve Markets
With seven years of experience, Evolve Markets stands as a brokerage catering to users keen on exploring cryptocurrency, Foreign exchange, stocks, commodities, and indices. Subsequently, the platform operates on the widely utilized MT4 platform, operating through the Straight Through Processing (STP) model.
Since 2016, Evolve Markets has prioritized user convenience and efficiency through the enhancement of the user interface (UI) of its platform’s dashboard.
Moreover, the broker ensures compliance with the MWALI International Services Authority (MISA) to adhere to the strict regulations and financial licensing standards, instilling assurance to users that the user’s activities are conducted within the bounds of established rules.
Strong Points of Evolve Markets
Evolve Markets has marked its name as a unique platform, offering traders versatility and user-friendliness. Consequently, there are standout features that make the platform a notable choice, check this out:
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Diverse asset portfolio: Evolve Markets stands out by offering a versatile platform with a rich selection of over 100 trading assets, with a focus on cryptocurrencies and meeting the varied preferences of modern users.
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Transparent and user-friendly practices: Evolve Markets prioritizes a cost-efficient withdrawal process, ensuring traders can access their funds without incurring additional fees, adding to the overall user experience.
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No mandatory minimum deposits: an advantage lies in the absence of mandatory minimum deposit requirements enabling investors with diverse financial capacities to engage with the platform without being constrained by rigid financial commitments.
Concerns with Evolve Markets
Exploring Evolve Markets holds importance to be aware of the potential drawbacks that might influence the trader’s experience. Here are some pitfalls highlighted by users:
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Lack of educational resources: Evolve Markets lacks educational resources, which can be a significant drawback for traders who consider educational support important in their trading journey
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Safety standards: recent TU evaluation highlighted safety concerns, evident in a low score of 1.45/10 in the Regulation and Safety category. This indicates potential users' negative feedback about the platform's safety and credibility.
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Customer support score: user reviews also revealed problems on customer assistance on the platform as clients were not satisfied with the services of the company.
Traders Union evaluation methodology
Traders Union, with a decade-long commitment to refining its Evaluation Methodology, stands out as a reliable guide for choosing the right brokers in the Forex market. Remarkably, this proven process involves a meticulous analysis of brokers against over 100 standard criteria. At the same time, the independent evaluator employs 30 internal parameters, ensuring a reliable assessment from registration to profit withdrawal.
Here, key categories such as economic status, trustworthiness, and customer satisfaction are examined. Additional factors, including transparency and commitment to trader education contribute to the comprehensive analysis. Moreover, Traders Union includes customer reviews to a valuable layer of insights to the evaluation, reflecting the actual experiences of traders.
In the case of AMP, TU experts highlight the company as a commendable futures broker with features like an excellent platform, as noted here, in the Densipaper article, which is written based on an analysis of Traders Union. Although AMP Futures is a US regulated company, it is also part of AMP Global, which is a European entity. AMP Global also provides clients with access to the Forex market.
Notably, Traders Union's methodology provides users with useful insights into firm reliability, transparency, and customer focus, aiding informed decisions in Forex trading.
Final Remarks
AMP Futures and Evolve Markets are distinct choices highlighted by Traders Union's meticulous review. Despite their strengths, considerations like minimum deposit requirements and the absence of educational resources underscore the importance of informed decision-making.
Traders Union's thorough analysis acts as a comprehensive guide, providing a view into key aspects of AMP Futures and Evolve Markets. As traders navigate these choices, the TU experts offer a reliable perspective, aiding in well-informed decisions.
Still, Traders Union emphasizes the need to consider the trading style, financial goals, and risk tolerance before starting a trade. Consequently, the choice between the two platforms ultimately depends on individual preferences and priorities.
About the author
The author of this article, risk manager Oleg Tkachenko, possesses over seven years of practical expertise in the financial sector. Specializing in the analysis of a variety of assets, Oleg became a key member of Trader's Union financial experts team in 2020.
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