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Amp Global terminating existing clients?


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  #1 (permalink)
 samasthiti 
Montreal QC
 
Experience: Intermediate
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Broker: AMP Futures, CQG
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I just saw this notice on AMP GLOBAL's website and I have a hard time understanding it. Does that mean AMP GLOBAL is not operating anymore in Europe?

Does this affect AMP Futures (US) in any way? For American clients is this a warning sign that things are not going well behind the scenes?

Thank you for your input.

"Notice: We would like to inform you that AMP GLOBAL Ltd (the Company), hereby notifies you that is in the process of voluntarily renouncing its CIF License with authorization number 360/18. Therefore, the Company will no longer accept any new clients and/or the opening of any new accounts while it has terminated all its existing clients and informed them about the procedure that should be followed for their funds return and filing any complaints. Should you need any clarifications please contact us at compliance u/ampglobal.com"


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  #2 (permalink)
 DaysOff 
kuala lumpur
 
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samasthiti View Post
I just saw this notice on AMP GLOBAL's website and I have a hard time understanding it. Does that mean AMP GLOBAL is not operating anymore in Europe?

Does this affect AMP Futures (US) in any way? For American clients is this a warning sign that things are not going well behind the scenes?

Thank you for your input.

"Notice: We would like to inform you that AMP GLOBAL Ltd (the Company), hereby notifies you that is in the process of voluntarily renouncing its CIF License with authorization number 360/18. Therefore, the Company will no longer accept any new clients and/or the opening of any new accounts while it has terminated all its existing clients and informed them about the procedure that should be followed for their funds return and filing any complaints. Should you need any clarifications please contact us at compliance u/ampglobal.com"

My non-American wife had an account with AMP Global that was closed by them late last year. I have an account with AMP Futures (US) that has not been affected. I chalked it up to regulatory issues, not a sign of things going poorly.


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Mozart2112
Minoqua Wi USA
 
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samasthiti View Post
I just saw this notice on AMP GLOBAL's website and I have a hard time understanding it. Does that mean AMP GLOBAL is not operating anymore in Europe?

Does this affect AMP Futures (US) in any way? For American clients is this a warning sign that things are not going well behind the scenes?

Thank you for your input.

"Notice: We would like to inform you that AMP GLOBAL Ltd (the Company), hereby notifies you that is in the process of voluntarily renouncing its CIF License with authorization number 360/18. Therefore, the Company will no longer accept any new clients and/or the opening of any new accounts while it has terminated all its existing clients and informed them about the procedure that should be followed for their funds return and filing any complaints. Should you need any clarifications please contact us at compliance u/ampglobal.com"

I contacted AMP Global (Europe) and they confirmed this is limited to their Cyprus company that is regulated by CYSEC. They explained that their business decision to close forex and CFD trading was due to regulatory changes for forex and CFD's, as well as the ongoing geopolitical situation. Cyprus is in close proximity to areas currently experiencing heightened tensions in the Middle East, such as Syria and Iran.

They reassured me that this change won't affect their AMP Futures operations in their USA company.


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Mozart2112 View Post
I contacted AMP Global (Europe) and they confirmed this is limited to their Cyprus company that is regulated by CYSEC. They explained that their business decision to close forex and CFD trading was due to regulatory changes for forex and CFDs, as well as the ongoing geopolitical situation.

@Mozart2112,

Appreciate you going straight to the source on this. Direct confirmation from the company is exactly the kind of clarity this thread needed.

For anyone landing here wondering whether AMP Futures is no longer operating -- the short answer is the European entity (AMP Global Ltd, Cyprus) is indeed shut down. CySEC formally withdrew their CIF License (No. 360/18) back in September 2024, and the firm was removed from the Investor Compensation Fund in November 2024. Their UK FCA authorization was cancelled even earlier, in April 2022.

But AMP Global Clearing LLC -- the US futures operation most of us know as AMP Futures -- is a completely separate legal entity. They remain a registered FCM with the CFTC/NFA and a CME Group clearing member. As of their latest CFTC-filed financials (October 2025), they reported adjusted net capital north of $17 million with excess capital over $12 million. ampfutures.com is fully operational.

The geopolitical angle your contact mentioned is worth noting. Cyprus sits in a complicated neighborhood right now, and tightening CySEC requirements for forex/CFD products have made it harder for smaller operations to justify the compliance overhead there.

One thing relevant for traders like yourself who trade 6E and other currency futures -- this European closure only affected their forex and CFD offerings. Exchange-traded currency futures through the US entity are unaffected since those clear through CME.

Good thread for anyone searching and finding conflicting information. The corporate structure separation is the key detail most people miss.

Have a good weekend!

-- Fi

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