Unmasking the Truth: Experts Publish an In-Depth Evolve Markets Review

By  //  January 30, 2024

Traders Union provides thorough evaluations on a range of brokers, tools, strategies, and industry figures to help investors make informed choices when choosing a platform that aligns with their needs.

Analysts have published their detailed review of Evolved Markets and AMP Global for those looking for less popular platforms with excellent trading instruments and offers.

All about Evolve Markets

Evolve Markets, an offshore brokerage company based in St. Vincent and the Grenadines, caters primarily to crypto enthusiasts looking to trade both digital assets and traditional markets with speed and flexibility. While multiple deposit options are available, account currencies are currently limited to USD and cryptocurrency, particularly in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Solana (SOL) denominations. 

As a registered international entity, Evolve Markets offers:

  • enhanced leverage: trade with leverage of up to 1:1000 on forex and 1:100 on crypto, amplifying potential returns;
  • diverse asset selection: traders can choose from over 50 foreign currency pairs, indices, commodities, and cryptocurrencies, opening doors to diverse trading strategies;
  • no capital required: the platform has no minimum deposit requirement which opens opportunities with traders with a little amount of capital to start their Forex and crypto trading careers.

Evolve Markets TU overall score

Evolve Markets holds a TU Overall Score of 6.3 out of 10.0 and stands at the 58th position among 383 companies in the TU Ranking. Using the TU Methodology, brokers placed within this score range are recommended to be thoroughly evaluated before opening and funding an account. 

Here’s a brief overview of the advantages and drawbacks of Evolve Markets. Click here to access the full review from Trares Union.

Pros:

  • provides access to over 50 Forex assets and a diverse selection from cryptocurrency, commodity, and stock markets;
  • no withdrawal fees and no minimum deposit requirements;
  • suitable for high-leverage seekers;
  • strong presence in leading markets, including Great Britain and Germany.

Cons:

  • no exchange-traded fund (ETF) and options trading;
  • poorly regulated. Holds a license from the MWALI International Services Authority (MISA) which is not categorized among trusted regulatory bodies worldwide;
  • higher average commission ($10) compared to leading platforms such as RoboForex and IC Markets.

AMP Global review

AMP Global is a popular broker known for offering a wide variety of assets to trade, including Forex, commodities, stocks, and cryptocurrencies. The platform is regulated by a trusted authority, the Cyprus Securities and Exchange Commission (CySEC), which helps protect customers in case of problems.

Although AMP Global has been around since 2010 and is generally considered as reliable, a review by Traders Union suggests there is some risk involved. It received a TU Overall Score of 5.14 out of 10, indicating that it is not the riskiest option out there, but still not completely safe which highlights the importance of personal research. 

Nevertheless, the broker offers a leverage ratio of only 1:100, which means it is not as risky as brokers that offer higher leverage, making it a better choice for beginners who might not fully understand the downsides of high-leverage trading.

AMP Global has customers in many countries, including the US, Italy, Russia, Mexico, and Colombia, showing its huge influence in major markets. “But for those thinking about opening an account with them, it is important to think about how comfortable you are with risk and how much experience you have with trading before going all in,” told TU.

AMP Global’s pros and cons

Here is a quick rundown of the advantages and disadvantages of using AMP Global:

Advantages:

  • regulated by top Forex regulators, including the CySEC and Germany’s Federal Financial Supervisory Authority;
  • has a strong presence in big financial markets in North America and Europe;
  • investor Compensation Fund membership that safeguards clients funds in case the market gets rocky;
  • has a MetaTrader5 trading terminal;
  • has an affiliate program for passive income seekers.

Disadvantages:

  • high minimum deposit requirement at $100, with no cent accounts;
  • low satisfaction score from TU, with some customers saying they do not get enough help from support team;
  • high average commission at $10.

According to trusted and verified sources such as Traders Union, AMP Global Trading Company (affiliated with AMP Futures) positions itself as a moderate-risk broker tailored for active trading. 

An article influenced by ideas from Traders Union has been published by Minimalistfocus. As noted here, active users capitalize on market movements and volatility within the day to achieve short-term profit goals.

CMC markets: a better broker overall

Investors looking for a better broker in terms of reliability and safety are referred to look into CMC Markets. The broker is regulated by the United Kingdom Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), and the Federal Financial Supervisory Authority (BaFin) which makes it one of the best-regulated platforms in the Forex world. 

With over 30 years of experience in the market, CMC has gained trust among seasoned Forex traders. It provides access to a wide variety of assets, such as metals, cryptocurrencies, CFDs, indices, stocks, exchange-traded funds (ETFs), and Forex, for an incredibly low minimum deposit of only $1. 

Traders Union has awarded CMC Markets a TU Overall Score of 9.40 out of 10.00 – these brokers are considered as the most reliable platforms in the industry and TU experts will willingly open and fund an account with them without hesitation. 

Conclusion

Traders Union has recently analyzed Evolve Markets and AMP Global for investors seeking unique platforms that are reliable and well-regulated. While offering diverse assets and high leverage, Evolve Markets comes with poor regulation and higher fees. Meanwhile, AMP Global offers better regulation but receives moderate risk scores due to high minimum deposit and lack of customer support.

For overall reliability and safety, Traders Union recommends CMC Markets, a highly regulated platform with extensive offerings and a low minimum deposit. Remember, thorough research is crucial before choosing any broker. 

About the author

The author of this article, Oleg Tkachenko, an economist-analyst and risk manager with seven years of experience in various financial institutions. With a keen focus on commodities, Forex, stock markets, cryptocurrency, and peer-to-peer lending, Oleg brings a wealth of expertise to the Traders Union team which he has been part of since 2018.