AMP Global – what we know and have as facts about it; This is a trade name of the group of companies AMP Global Group. It includes AMP Global Clearing LLC – AMP GLOBAL (USA), which is authorized and regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission, with license number 0412490; AMP Global LTD – AMP Global (EUROPE), which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license no. 360/18 These licenses allow it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Order Execution Policy document that the company acts for all the clients as principal and not as an agent on their behalf. And therefore, it acts as the sole execution venue for all the orders placed. AMP Global executes transactions for the clients in capacity as market maker. The document also shows that to prevent irresponsible risk taking, AMP Global may hedge the client’s positions on a back-to-back basis with other execution venues (including using straight-through processing or STP technology). This means that AMP Global is a market maker (although it may use the STP model when it decides) and dealing with market makers involves a conflict of interest because they do not transmit every customer deal and hope that customers will lose. Every loss of customers is their profit.
So far, we have not received any complaints from customers of AMP Global. If you have any criticism to share with us or feel annoyed by AMP Global, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and AMP Global if you wish.