If you want a reliable broker which has low fees for future trading ? Then AMP futures is best option. It is a US based, AMP futures offer more than 60 different trading platforms, which are specially designed for experienced trades. Is AMP futures is best fit for you? Let’s know together.
Regulatory Compliance
It is more important that broker follow all regulations, it protects your funds and make it sure that broker follows strict rules. Is AMP Futures regulated?
AMP Futures is regulated by:
- Commodity Futures Trading Commission (CFTC): AMP Futures is regulated from CFTC. One of the best regulators in the U.S.
- The broker also shares its financial data publicly, adding extra trust.
However, AMP Futures doesn’t offer protection for investors and negative balance protections. This mean you need to be a cautious with your traders as your balance can go negative.
Account Types and Minimum Deposits
AMP Futures provides a few different account types to meet traders needs. The good news is the minimum deposit is very low, which is I like most and it make it easier to start trading.
| Account Type | Minimum Deposit | Key Features |
| Individual | $100 | Access to futures and options trading |
| Corporate | $100 | Tools for managing multiple users |
| Trust | $100 | Allows for trading under a trust |
Trading Platforms and Tools
AMP Futures offer more than 60 platforms to choose from, which give you plenty of options based on your needs. Its top platforms, MultiCharts . Net, is very popular but only available on desktop. Other platform offer mobile and web versions for added flexibility.
Key Features:
- Customizable trading charts
- Advanced order types
- Support for automated trading
Although AMP’s desktop platforms are great for experienced traders, new traders might find them a bit complicated to use.
Fees and Commissions
AMP Futures is know for its low trading fees, especially for futures traders. It does not charge inactivity or deposit fees, but wire withdrawals cost $30 which is expensive.
| Instrument | <1,000 contracts | 1,001-4,999 contracts | 5,000-9,999 contracts | >10,000 contracts |
| Micro e-mini S&P 500 Index | $0.44 | $0.43 | $0.42 | $0.41 |
| FTSE 100 Index | £1.16 | £1.01 | £0.91 | £0.81 |
| Mini-DAX | €1.11 | €0.96 | €0.86 | €0.76 |
Note: The low trading fees are a big advantage, but remember that wire withdrawals cost $30 per transaction.
Real-Life Example:
Trading 10 Micro e-mini S&P 500 contracts costs $1.4 with AMP Futures, while competitors like NinjaTrader charge $3.5. This can save you money in the long run.
Pros and Cons
Pros
- Highly customizable desktop platform
- More than 60 trading platforms
- Great educational resources
- Low trading fees
Cons
- MultiCharts .NET only available on desktop
- Only offers futures and options
- $30 fee for wire withdrawals
Asset Offerings
AMP Futures is specializes in future and option on futures, which mean it does not offer other asset types like stocks of forex. This narrow focus make it best for futures traders but limits it appeal for those looking for more options.
Key Points:
- Only futures and options on futures are available
- No stocks, forex, or crypto trading options
What assets are you most interested in trading? Share your thoughts below!
Customer Support
Essential Support:
AMP Futures provide many ways to get in touch with customer support, like live chat, email and phone. Which help make it sure that traders can resolve issues quickly.
Key Points:
- 24/7 live chat and email support
- Phone support during trading hours
- Staff is helpful and knowledgeable about the platforms
Educational Resources
Empowering Traders:
AMP Futures provides many educational resources to help traders improve their skills. These include videos, articles, and webinars.
Types of Resources:
- Video tutorials
- Webinars
- In-depth articles
- Platform-specific guides
- Market analysis reports
What’s your favorite resource for learning new trading strategies? Let us know in the comments!
Security Measures
Trust and Safety:
AMP Futures take security seriously since it is regulated by top authority. However, there is no negative balance protections, which mean you can lose more than your deposit if a trade goes wrong.
Key Features:
- Regulated by CFTC
- Public financial data
- SSL encryption for secure transactions
Engagement: What do you think about AMP Futures? Share your thoughts on these pros and cons in the comments!
How to Open an Account with AMP Futures
1. Visit the AMP Futures Website
- Go to AMP Futures’ official website.
- Click on the “Open Account” button.
2. Choose Your Account Type
- AMP Futures offers a standard account with a minimum deposit of $100.
- Now select account which you want to open (individual, joint, corporate, or retirement account).
3. Complete the Online Application
- Fill in your personal information: This includes name, address, phone number, and email.
- Provide financial information: You may need to enter details about your income, employment status, and trading experience.
- Review and accept the terms and conditions.
4. Submit Verification Documents
- To comply with regulations, AMP Futures requires identity verification.
- Prepare to upload the following documents:
- Government-issued photo ID (e.g., passport or driver’s license).
- Proof of address (e.g., utility bill or bank statement).
5. Wait for Approval
- After submitting your application and documents, AMP Futures will review your information.
- The account approval process usually takes 1-3 business days.
6. Fund Your Account
- Once approved, you will receive an email with your account details.
- Log in to your new account and go to the funding section.
- AMP Futures supports wire transfers and ACH deposits.
- There is no fee for deposits, but wire withdrawals cost $30.
7. Select a Trading Platform
- AMP Futures offers over 60 different trading platforms, including Sierra Chart, MultiCharts.NET, and MetaTrader 5.
- Choose a platform that suits your trading style and download it.
8. Start Trading
- After funding your account and setting up your platform, you can start trading futures and options on futures.
Conclusion
AMP Futures is a best choice for experienced traders who want low fees and access to the advanced trading platforms. However, it a limited product range and lack of mobile access for its flagship platforms may be for some traders.
Ideal Trader Profile:
AMP Futures is best for experienced futures traders who want low fees and a wide selection of trading platforms.
Have you used AMP Futures? Let us know your experience or ask any questions in the comments!
Overall Rating
4.2/5
Do you agree with this rating? Share your opinion below!
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