AMP Global has just announced that it is in the process of voluntarily renouncing its CIF License.
The decision was also confirmed by the Cypriot regulator.
AMP Global,
an FX/CFD broker with roots in the US, has likely decided to suspend its
operations in Europe, which it conducted through AMP Global Ltd. The company
announced that it has initiated the process of relinquishing the license it
received from the Cypriot regulator.
AMP
Global Without a CySEC License
“We
would like to inform you that AMP Global Ltd hereby notifies you that it is in
the process of voluntarily renouncing its CIF License with authorization number
360/18,” states the official broker's website. “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.”
AMP Global had been regulated by CySEC since 2018 and, under the license obtained in
Cyprus, was able to provide its services in Europe. The information on the
website does not clearly indicate whether the broker is suspending its
activities only on the Old Continent or also in its home market.
AMP Global offers its clients access to futures, forex, and CFDs markets via the MetaTrader 5 platform. In the United States, AMP Global Clearing LLC is registered as an official Chicago-based Futures Commission Merchant (FCM), which can provide retail clients access to electronic financial markets.
Recent CySEC Actions
Recently, CySEC
took several measures to enhance market integrity and protect investors. This
week, the regulator imposed a €50,000 fine on IC Markets (EU) Ltd. The fine
addresses violations of the Investment Services and Activities and Regulated
Markets Law, specifically concerning the firm's failure to ensure optimal
outcomes for its clients in order execution. The firm was specifically fined
€30,000 for not adequately considering factors like price and size during the
execution process.
Moreover,
in August, CySEC raised alarms over an uptick in sophisticated financial scams.
These scams target investors through various channels, including impersonations
of the regulator and misuse of famous individuals' likenesses.
To further
secure investor safety, CySEC released a “Policy Statement on the
Enhancement of the Non-Face-to-Face Customer Onboarding Process with Electronic
Methods.” This statement aligns with EU norms and embraces technological
advancements, advocating for technology neutrality and enhanced risk
management. It also emphasizes the importance of GDPR compliance and
information security, moving away from overly specific protocols to a more
balanced and substantial approach.
AMP Global,
an FX/CFD broker with roots in the US, has likely decided to suspend its
operations in Europe, which it conducted through AMP Global Ltd. The company
announced that it has initiated the process of relinquishing the license it
received from the Cypriot regulator.
AMP
Global Without a CySEC License
“We
would like to inform you that AMP Global Ltd hereby notifies you that it is in
the process of voluntarily renouncing its CIF License with authorization number
360/18,” states the official broker's website. “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.”
AMP Global had been regulated by CySEC since 2018 and, under the license obtained in
Cyprus, was able to provide its services in Europe. The information on the
website does not clearly indicate whether the broker is suspending its
activities only on the Old Continent or also in its home market.
AMP Global offers its clients access to futures, forex, and CFDs markets via the MetaTrader 5 platform. In the United States, AMP Global Clearing LLC is registered as an official Chicago-based Futures Commission Merchant (FCM), which can provide retail clients access to electronic financial markets.
Recent CySEC Actions
Recently, CySEC
took several measures to enhance market integrity and protect investors. This
week, the regulator imposed a €50,000 fine on IC Markets (EU) Ltd. The fine
addresses violations of the Investment Services and Activities and Regulated
Markets Law, specifically concerning the firm's failure to ensure optimal
outcomes for its clients in order execution. The firm was specifically fined
€30,000 for not adequately considering factors like price and size during the
execution process.
Moreover,
in August, CySEC raised alarms over an uptick in sophisticated financial scams.
These scams target investors through various channels, including impersonations
of the regulator and misuse of famous individuals' likenesses.
To further
secure investor safety, CySEC released a “Policy Statement on the
Enhancement of the Non-Face-to-Face Customer Onboarding Process with Electronic
Methods.” This statement aligns with EU norms and embraces technological
advancements, advocating for technology neutrality and enhanced risk
management. It also emphasizes the importance of GDPR compliance and
information security, moving away from overly specific protocols to a more
balanced and substantial approach.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Capital One Faces Potential Enforcement Action over Savings Account Disclosures: Report
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24