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AMP Futures / AMP Global Review

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  #31 (permalink)
 energetic 
hk
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 55 since Apr 2010
Thanks Given: 23
Thanks Received: 17

why u back to Optimus ? Any advantage among other brokers ?

kalalex View Post
My short experience as a futures trader so far.

I tried 4 brokers/3FCMs so far since I restarted trading futures after 15 years absence.

1. Tradestation: I chose it because it was the platform I used 15 years ago. I did a little research afterwards and found more reliable, easier to use platforms with more choices so I moved on.

2. Optimus/Vision: I was with them for about 5 months. During that time I didn't have one instance where I got disconnected during trading hours. My account dwindled to 60% threshold where I wanted to stop trading,,,and wanted to fresh start so I moved to AMP.

3. AMP: I only chose AMP because of their datafeed which is CQG and market breadth index. Commission rate was ok because I was paying almost the same to Optimus. I had the account for 2 weeks because of the reasons I posted earlier.

4. Global: They clear through AMP so I moved with them. Their commission rate was same till AMP began charging $0.20 CQG fee and guys and gals work their are very customer service oriented and their office was kind of local to me. I wanted to stay with these guys but I had more than 4 times where I got disconnected during trading since mid Feb. Global has 2 or 3 other FCMs but AMP(FCM) is only one that I can use Ninjatrader which I invested too much into already.

5. So,,,,,,I'm back to Optimus now.


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  #32 (permalink)
 
kalalex's Avatar
 kalalex 
Up the Ladder, CA
 
Experience: Beginner
Platform: SC
Broker: Optimus & AMP
Trading: ES
Posts: 227 since Mar 2011
Thanks Given: 261
Thanks Received: 151


energetic View Post
why u back to Optimus ? Any advantage among other brokers ?

Short or long answer?

I'll make it short.

I don't want to make another mistake.
And leaving Optimus was a typical newbie reaction after losing such as changing platform, changing system, changing this & that instead of looking inward for solution and answer. I want to stay away as much as possible from newbie mentality. This is one of the reason.

Other reasons,,,commissions, datafeed, service, etc,,,,it's all here in the thread.

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  #33 (permalink)
paulg
NY
 
Posts: 90 since Sep 2009
Thanks Given: 54
Thanks Received: 23


About AMP Futures communication channels:

Leaving apart a phone call, I used to be able to chat or contact brokers in quick manner; it's too inefficient to use emails.
Sometimes they are not replied, other times the replies are 'standard'.

Do they offer any Skype, MSN, Chat address....?

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  #34 (permalink)
 
cory's Avatar
 cory 
virginia
the coin hunter
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,096 since Jun 2009
Thanks Given: 877
Thanks Received: 8,086


paulg View Post
About AMP Futures communication channels:

Leaving apart a phone call, I used to be able to chat or contact brokers in quick manner; it's too inefficient to use emails.
Sometimes they are not replied, other times the replies are 'standard'.

Do they offer any Skype, MSN, Chat address....?

Toll Free: 800.560.1640
or you can go to ampclearing.com home, tech support, call number to get 6 digits and use them to start a chat session.

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  #35 (permalink)
 DaxSkalpr 
Calgary, Canada
 
Experience: Advanced
Platform: NinjaTrader
Broker: IB, AMP/CQG
Trading: Futures
Posts: 11 since Apr 2012
Thanks Given: 11
Thanks Received: 12

I've been with AMP for a little while and don't find them to be any better or worse than any other brokers I've been with in the past. The customer service could definitely improve but overall they handle my questions and concerns on the few occasions I've had to call or e-mail. Transferring funds to and from my accounts is usually completed with 24 hours by wire.

Commissions and order fills are good. CQG & NT work flawlessly together.

my 2c

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  #36 (permalink)
 plm66 
Paris 11(france)
 
Experience: Beginner
Platform: X_Trader, sierra chart, ninja
Broker: Velocity before ilq before advantage futures, amp, ntbrokerage
Trading: crude, zb
Posts: 1 since Jan 2011
Thanks Given: 39
Thanks Received: 1


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  #37 (permalink)
 traderjcf 
Amherst, New York
 
Experience: Advanced
Platform: NinjaTrader
Trading: ES, 6E
Posts: 76 since Jun 2010
Thanks Given: 14
Thanks Received: 18


DaxSkalpr View Post
I've been with AMP for a little while and don't find them to be any better or worse than any other brokers I've been with in the past. The customer service could definitely improve but overall they handle my questions and concerns on the few occasions I've had to call or e-mail. Transferring funds to and from my accounts is usually completed with 24 hours by wire.

Commissions and order fills are good. CQG & NT work flawlessly together.

my 2c


I have had no problems with AMP and Dan has gotten back to me quickly when I had a question...

My only problem so far is when I go into cowboy mode trading 6E in the middle of the night and I "wake up" the next morning with major draw down

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  #38 (permalink)
 Koepisch 
@ Germany
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: FDAX
Posts: 569 since Nov 2011
Thanks Given: 440
Thanks Received: 518

I've contacted AMP to get commission quotes or similar (i don't know anymore) and since then i got annoying spam mails from AMP regarding several trading topics. And of course without any "unsubscribe" link. I thought that this is prohibited by law.

Due to that, i would NEVER join AMP as a customer.

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  #39 (permalink)
 
treydog999's Avatar
 treydog999 
seoul, Korea
 
Experience: Intermediate
Platform: Multicharts
Broker: CQG, DTN IQfeed
Trading: YM 6E
Posts: 897 since Jul 2012
Thanks Given: 291
Thanks Received: 1,039

I have been a customer at AMP for almost 2 years now. I did get the matched commissions quote so thats a good thing. Their service blows the big one. Ok so in their client portal if you want the low intraday margins, you have to set your chart provider and subscription. however THEY PURCHASE IT FOR YOU. No its not telling them what you want, its buying it. Took me 2 weeks to get that refund for multicharts lifetime license, which I already have. Ok, now the low intraday margin also increased my commissions by 300%, yes you heard me, i was paying near 9$ a round turn on M6E. No refund there. Now I am getting CQG data outages on sundays, even when I leave my computer on to catch all the real time data. If i reload a chart, it all disappears. So I am having some major issues.

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  #40 (permalink)
paulg
NY
 
Posts: 90 since Sep 2009
Thanks Given: 54
Thanks Received: 23



treydog999 View Post
I have been a customer at AMP for almost 2 years now. I did get the matched commissions quote so thats a good thing. Their service blows the big one. Ok so in their client portal if you want the low intraday margins, you have to set your chart provider and subscription. however THEY PURCHASE IT FOR YOU. No its not telling them what you want, its buying it. Took me 2 weeks to get that refund for multicharts lifetime license, which I already have. Ok, now the low intraday margin also increased my commissions by 300%, yes you heard me, i was paying near 9$ a round turn on M6E. No refund there. Now I am getting CQG data outages on sundays, even when I leave my computer on to catch all the real time data. If i reload a chart, it all disappears. So I am having some major issues.


Simply ask them to rectify the commissions / margins. Also account size can make a difference in your options to get better commissions, according to the AMP Cost Calculator
Also note that most of the broker feeds has maintenance period and it' could be on Sundays.
About losing historical data, this depends which data you are talking about: if they are realtime indicators calculated on historical bid/ask then it depends on software and backfill datafeed. CQG feed provided by AMP could not be the best solution in order to obtain that kind of service.
If, instead, the issue is about Multicharts, then it's better if you contact that TSSupport. Also you may need to update the latest CQG MAPI module (ask for the specific procedure for the update).
Hope this helps.

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