Bringing American trading experience to Europe
With the vision to bring the American trading experience into Europe, AMP Global (Europe) is built from its founders’ experience of running Chicago-USA based AMP Global (USA), a well-established CFTC and NFA-regulated Futures Commission Merchant (FCM), serving traders since 2010.
Through AMP Global (Europe), our non-USA clients can enter the world’s regulated Futures Exchanges while trading Forex and CFDs – All-in-One Metatrader 5 account! This trading solution is truly UNIQUE to the industry and EXCLUSIVE to AMP Global, giving our company a competitive edge over rival firms.
The specific motivation is to have a local presence in Europe. Following our existing business from AMP Global Clearing (USA), we saw a definite demand for a local office in Europe due to the time differences, diverse languages through out Europe and the ability to trade Exchange-Traded Futures, Forex and CFDs - All in One Account.
Why we are licensed in Cyprus? We originally filed our application with FCA (UK) and during the final stage of approval, Brexit happened. Our business expansion plans were to open an European office to be able quickly and effectively support all our EU customers. With the Brexit business uncertainty, we decided to change our UK company office licensing to Cyprus.
With all of the big firms already operating in Cyprus, we were able to hire really solid, experienced operations staff that are looking to expand their skills into the Exchange-Traded Futures industry.
One feature we really like about the AMP Global (EU) registration in Cyprus is the Investor Compensation Fund. In addition to all Client Funds Segregated (like in the USA), there is insurance per client up to 20'000 EUR. And last but not least, being able accept credit cards for customers deposit is also a big plus, in our opinion.
What is the difference between Cyprus, UK and USA? From our experience, probably due to us bringing the Exchange-Traded Futures and our business operations from Chicago, USA to Europe...we are having all the same type of conversations between all of our contacts in Cyprus, UK and USA. It is all one big Financial world.