What Account Types and Fees Does AMG Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and intermediate traders |
Access to a wide range of trading instruments |
Suitable for traders with small to moderate capital |
| Professional Account |
Experienced traders and institutions |
Higher leverage options and tailored services |
Requires proof of trading experience and volume |
| Demo Account |
All trader levels |
No financial risk, practice trading strategies |
Ideal for testing the platform before live trading |
Account Opening Process
To open an account with AMG, traders must complete several key steps. The process begins with submitting personal information, which includes details such as name, address, and contact information. Next, traders need to provide employment and financial information to help assess their trading experience and financial background. Identity verification is a crucial step in this process, requiring submission of a valid ID and proof of address. Once the initial account is set up, traders may have the flexibility to upgrade to a professional account later, should their trading volume or experience meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive spreads |
| CFDs (Stocks) |
Variable |
$0.1 |
Depends on the stock |
| CFDs (Indices) |
1.5 |
$0.1 |
Standard fees apply |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Traders should also be aware of additional costs associated with their accounts. These may include deposit and withdrawal fees, which can vary based on the payment method chosen. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, there could be platform usage fees, overnight interest rates for positions held beyond a trading day, and possible currency conversion fees for trades involving different currencies.
