AMP Futures Review: Specialized Futures and Options Trading Platform in USA

AMP Futures Overview

Originally founded in 2010 and with its headquarters in Chicago, USA, AMP Futures is a well-known Futures Commission Merchant (FCM) providing direct access to global electronic future markets. Its customer consists in individual traders, introducing brokers (IBs), commodities trading advisers (CTAs), and outside API developers. Rising as a significant player in the futures trading scene, AMP Futures is well-known for its fair pricing and large assortment of trading platforms.

AMP Futures Pros and Cons

✅ Where AMP Futures Shines:

• Low Trading Fees: AMP Futures is rather reasonably priced for active traders since it offers some of the lowest business trading expenses.
• Diverse trading platforms(over 60): Traders can choose the best fit for their strategy using more than 60 platforms including well-known options like MetaTrader 5 and Sierra Chart.
• 24/5 client support: 24/5 Customer Support guarantees traders can get help whenever during trading days, available in several languages.
• Free deposit and transfer: Since deposits are free, reducing trading costs even in relation to deposit fees is easy.
• Flexible margin requirements: Offers flexible margin rate for different contract combination.

Where does AMP Futures fall short?

• High Wire Transfer Fees($30 per transaction): Regular withdrawals could find a $30 wire transfer fee costly.
• Limited products range(futures and options): Restricted diversification results from lack of access to various asset classes including equities or ETFs.
• No moblie version(some platforms): Key platforms like MultiCharts.NET are limited to desktop use, which would not match traders who need mobile access.

Regulation

WikiFx claims AMP Global has 2 licenses. However, the CYSEC licence and the NFA licence are both suspiciously cloned.

For the regulatory details, you can check AMP Brokers on WikiFX, a massive global forex and stock broker database. Users can read the regulatory information of AMP Futures. Using information from more than sixty authorities, WikiFX can help investors make wise, safe selections.

Trading Instruments

AMP Futures provides over 300 trading instruments, including stocks, currency pairs and commodities.

Generally, the market access of AMP Futures is fit for investors who specialize in futures trading; but, it might not be interesting to those who are interested in a greater range of asset classes.

Fee Structure

AMP Brokers' fee structure primarily consists of commissions and platform trading fees, along with some additional charges.

1. Commissions

AMP Futures has a volume-tiered commission system.

2. Platform Fees

AMP Futures provides access to over 60 trading platforms, some are free, some incur monthly fees.

3. Market Data Fees

Some platforms ask for market data fees.

4. Withdrawal Fees

AMP Futures charges fees for wire and ACH withdrawal methods.

5. Other Fees

Especially for high-volume traders, AMP Futures' cost structure is competitive and offers a range of platforms and services to suit various trading styles.

Margin Requirements

AMP Futures establishes distinct intraday margin prerequisites for different futures contracts. The following is a summary of the principal contracts and their corresponding intraday margin:

Comparison of Margin Requirements Across Contracts

Micro E-mini contracts have a much smaller intraday margin than conventional E-mini contracts, as the table shows. For the Micro E-mini S&P 500, for example, just $40 is needed, whereas the regular E-mini S&P 500 calls for $400.

For traders with minimal resources, Micro contracts especially seem interesting. Furthermore, margin criteria differ amongst indices. For instance, the E-mini Dow Jones has a $500 intraday margin, more than the $400 needed for the E-mini S&P 500.

When choosing contracts to trade, traders should give their capital and risk tolerance great thought, since margin requirements might affect their whole trading approach and risk exposure.

Trading Platforms

Multi-Platform Support

AMP Futures offers over 60 trading platforms. Here are some key platforms and their features:

Automated Trading and API Support

AMP Futures lets traders create and implement tailored trading strategies by supporting automated trading and API integration.

• MetaTrader 5 Automated Trading: The MQL5 integrated development environment helps traders to create, test, optimize, debug, and run trading algorithms for automated trading.

• CQG API:Design for merging proprietary software with exchanges, this platform provides strong data, powerful analytics, and ultra-low latency trading.

• Rithmic R | API+™: AMP provides C++ and.NET libraries for simple integration for its users. Also with a R | Trade Execution PlatformTM.

Mobile Trading Experience and Cross-Device Compatibility

Multiple mobile trading options provided by AMP Futures guarantee traders can access markets anywhere.

• CQG Mobile: It features combined market data and multi-asset trading tools; Also, CQG provides real-time news and market releases support educated decision-making.

• FutureSource® Mobile: Designed for iPad users, it offers real-time market information, watchlists, charts, news, and analytical tools, so augmenting the FutureSource desktop program.

These systems provide traders with a varied and flawless trading experience, allowing them to select the instruments most fit for their requirements for quick and successful trading.

Comparison with Other Brokers

Aspect	AMP Futures	Interactive Brokers	NinjaTrader
Fees	Low trading fees; $30 wire withdrawal fee	Low trading fees; no withdrawal fee	Low trading fees; no withdrawal fee
Platform Features	Supports over 60 platforms; advanced tools; no proprietary mobile app	Proprietary platform; advanced tools; mobile app available	Proprietary platform; advanced tools; mobile app available
Market Coverage	Focused on futures and options on futures	Wide range including stocks, options, futures, forex	Primarily futures and options on futures
Customer Support	24/5 support; mixed reviews on responsiveness	24/5 support; generally positive reviews	24/5 support; generally positive reviews

Low Fees

AMP Futures offers some of the lowest trading fees, with tiered commissions from $0.49. High-volume traders benefit from lower costs.

Platform Variety

With 60+ platforms, AMP provides unmatched flexibility, though some lack mobile versions, unlike competitors with proprietary mobile apps.

AMP excels in affordability and platform choice but could improve mobile access and withdrawal costs.

Frequently Asked Questions (FAQs)

1. What is the minimum deposit required to open an account with AMP Futures?

The minimum deposit to open an account with AMP Futures is $100.

1. What types of accounts does AMP Futures offer?

AMP Futures provides many account types, including Individual, Joint, IRA, Corporate, LLC, Partnership, and Trust accounts.

1. What are the intraday margin requirements for popular futures contracts at AMP Futures?

AMP Futures sets specific intraday margin requirements for different futures contracts. For example, the E-mini S&P 500 requires $400, while the Micro E-mini S&P 500 requires $40.

1. Does AMP Futures charge any withdrawal fees?

Yes, AMP Futures charges a $30 fee for wire withdrawals.

To Conclude

AMP Global is suspected of using cloned licenses from CySEC and NFA, which makes users worried. Because of this weak oversight, traders should be more careful, as it could lead to safety problems and financial losses.

To gain authentic reviews and ratings, you can search this platform in WikiFX. WikiFX gives traders thorough analyses and global understanding of financial brokers. We aim to guarantee our assessments are accurate and useful by citing statistics from many credible regulatory sources. For traders, our database provides a comprehensive picture of important facets of brokers' activities, including regulatory compliance and service quality.