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AMB Prime is a trade name of the company AMB Prime Ltd (ex. Valutrades CYLtd). It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
AMB Prime provides liquidity solutions for both brokerage and corporate clients. It offers an ‘unparalleled market depth’ because of the company’s relationships with prime banks and liquidity providers, AMB Prime announces on the website.
Customers can trade over 60 currency pairs, metals, and indices mainly through the Financial Information Exchange (FIX) protocol that can be used by introducing brokers. All deals are made via the MetaTrader 4 platform that has become an industry standard in online trading.
The company requires no minimum deposit and provides raw spreads starting from 0 pips at the expense of the commissions. The leverage is 1% for currency pairs and 2% for metals. However, you can invest at least USD50,000 to open a Premium account and will receive lower trading commissions and ‘superior’ market depth.
The legal documents show that stop loss orders are not guaranteed. The Risk Warning policy reveals that placing “stop-loss” or “stop-limit” orders, may not necessarily limit your losses to the intended amounts, since market conditions, which can become extraordinarily volatile, may make it impossible to execute such orders. The same document says that an equally small market movement can not only quickly result in the loss of the Clients’ entire deposit but also any additional commissions and other expenses incurred. This means clients are not covered by negative balance protection and may owe money to this company. The Order Execution policy warns that all orders (including the stop loss orders) are subject to slippage and they will be executed at the next available market price. The same document informs that the company acts as principal and not as agent on the Client’s behalf; therefore, the company is the sole Execution Venue for the execution of the client’s orders for the financial instruments provided by the company. This means AMB Prime is a market maker and a conflict of interest arises because the company wins when clients lose.
Overall, AMB Prime provides services for professional and institutional clients only. Retail clients cannot open accounts here and must find another brokerage company. Introducing brokers and white label partners are welcomed but all trading conditions must be further specified.