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I wonder if the US AMP doesn't take non-US customers. I can see there could be differences depending on where they operated.... This email mentions CFD's, which are illegal in the US but apparently popular in Europe, so a separate company would have to offer them. There may be other reasons for a separate company, but I don't know what they would be.
But I never knew there was any difference at all (nor a separate non-US firm), and being regulated in Cyprus is probably a bit different than US (or UK) regulation and, let us say, a bit more loose... .
You would be surprised how many companies operate from Cyprus or other countries because of USA regulations. Yes I agree that CFD and other products offered are for non USA residents. In this way AMP is truly a global firm. AMP USA and AMP EU. Smart 😊
I'm a non-US citizen using AMP US for many years, as non-US Futures brokers were few and far between at the time of joining this rodeo.
Ditto - no complaints, interactions have been few but always quite simply excellent.
When they opened AMP EU I considered it.
As I understand it, it is as mentioned so as to offer CFDs which cannot be made available to US citizens (and have benefits in taxation treatment i.e. none, if meeting other criteria) to UK & other non-US citizens, & hence are popular products.
To offer CFDs to UK citizens, must be regulated by the Financial Conduct Authority in London (= US SEC). Based in Cyprus, must be regulated by CySEC which meets EU's Markets in Financial Instruments Directive (MiFID), which in turn allows access to operate throughout Eurozone.
Many of the newer retail investor oriented entrants use Cyprus (e.g. eToro, etc).
I don't trade CFDs so saw no need/benefit to opening or transferring from AMP US.
Hence I didn't check that they use segregated accounts as AMP US does & would recommend checking if considering.
I'd be surprised if found they didn't, as they have a good reputation, to keep.
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