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That is correct. They received multiple warnings prior to being banned letting them know they were violating forum policy.
Since that time, I am involved in legal action with Amp in order to defend posters rights on futures.io (formerly BMT), so you can be sure they are no longer welcome on futures.io (formerly BMT). However, I do encourage users to share their experiences about Amp on futures.io (formerly BMT). Unlike on other forums, those experiences will not be deleted so long as they are genuine and conform with our forum policy.
I just checked the funding instructions and your funds go to JPMorgan. (see AMP GLobal Clearing -Funding Instructions)
With the fiasco they're involved in with the Madoff case, I don't trust putting money into a "Customer Segregated Funds" with them.
I wouldn't have a problem from the JP Morgan side of things, in terms safety or getting your money back. They are one of the well-connected "too big to fail" guys, along with Goldman - the government will never let them go down completely, but they will bleed them for fines as much as they can.
What I mean is that if you are going to get screwed, it will be by the company who owns the account, like PFG or AMP or whomever. Losing money because JPM itself goes down is highly unlikely, given that the government won't let it happen. For proof, I direct you to 2008 and the financial crisis. Given how the situation has changed they will let more firms fail now (with bail-ins, and so on), but JPM probably isn't going to be one of them. Still, as far as I'm concerned they only true security is owning physical assets that you can get your hands on.
I agree... I guess the point is that JPM is not going to be the weak link here. You should really look at the FCM itself to determine what your risk level is...