In the dynamic world of futures trading, selecting the right broker is paramount to success. AMP Futures has emerged as a prominent player in the field, offering a wide range of services to traders worldwide. This comprehensive review will delve into every aspect of AMP Futures, providing traders with an in-depth understanding of what this broker has to offer.
Broker Summary
| Feature | Details |
| Company name | AMP Futures |
| Entity name | AMP Global |
| Account Types | Individual, Joint, IRA, Corporate, LLC, Partnership, and Trust |
| Minimum deposit | $100 |
| Regulation | NFA, CFTC, CySEC |
| Trading platform | 50+ Trading platforms |
Background and History
AMP Futures was established in 2004, making it a seasoned player in the brokerage industry. The company has steadily grown its reputation, catering to both retail and institutional traders. Known for its advanced technology and competitive pricing, AMP Futures has become a popular choice for those seeking a reliable partner in the complex world of futures trading.
Trading Platforms
AMP Futures provides access to a variety of robust trading platforms to accommodate the diverse needs of traders. MetaTrader 5 (MT5), Sierra Chart, and TradingView are the most notable platforms. Each platform is known for its unique features, and traders can choose the one that best aligns with their trading style and preferences. They offer almost 50+ trading platforms for their traders.
Data Feeds and Connectivity
AMP Futures ensures that traders have access to real-time market data. The broker offers multiple data feeds, including CME, Eurex, and more. The low-latency data feeds ensure that traders receive timely and accurate market information, a critical factor in making informed trading decisions.
Moreover, AMP Futures is known for its reliable connectivity, ensuring that traders experience minimal disruptions during trading hours. This is particularly important for those engaged in high-frequency trading (HFT) and algorithmic trading strategies.
Execution Speed and Order Types
The speed at which orders are executed can significantly impact trading outcomes. AMP Futures boasts high-speed execution, facilitated by advanced technologies and infrastructure. Traders can execute orders swiftly, reducing the risk of slippage and improving overall trade efficiency.
The broker supports a variety of order types, including market orders, limit orders, stop orders, and more. This flexibility enables traders to implement a wide range of trading strategies, from basic to complex, with precision.
Commissions and Fees
Understanding the cost of trading is crucial for traders managing their profitability. AMP Futures adopts a transparent fee structure, charging commissions based on a per-contract basis. Traders should carefully review the fee schedule to assess how costs may impact their trading strategy and overall profitability.
It’s worth noting that while AMP Futures provides competitive commissions, traders should also consider other potential fees, such as exchange fees and data fees, which can contribute to the overall cost of trading.
Customer Support
Customer support is a crucial aspect of any brokerage service. AMP Futures offers customer support through various channels, including email, phone, and live chat. Traders appreciate the prompt and helpful responses from the support team, ensuring that issues are addressed efficiently.
Additionally, AMP Futures provides an extensive knowledge base and educational resources on its website. This includes tutorials, guides, and FAQs, empowering traders with the information needed to navigate the trading platforms and services effectively.
Regulation and Security
AMP Futures operates under regulatory frameworks to ensure a secure and compliant trading environment. Traders can find information about the broker’s regulatory status on its website. According to their website, they are regulated by the NFA and CFTC as a Futures Clearing Merchant “FCM.”
Also, they are regulated by the CySEC as a Cypriot Investment Firm “CIF.”
Traders must choose brokers adhering to regulatory standards, as this provides an added layer of protection and transparency in the trading relationship.
Account Types and Funding Options
AMP Futures caters to a diverse clientele by offering seven types of trading accounts. Whether you are an individual retail trader, a professional, or an institutional investor, there’s likely an account type that suits your needs. Traders can choose between Individual, Joint, IRA, Corporate, LLC, Partnership, and Trust accounts.
Furthermore, AMP Futures provides various funding options to accommodate clients globally. Traders can fund their accounts through wire transfers, credit/debit cards, and other accepted methods. The flexibility in account types and funding options makes AMP Futures accessible to a broad spectrum of traders.
Educational Resources
Successful trading requires continuous learning, and AMP Futures recognizes the importance of education. The broker provides a range of educational resources, including webinars, video tutorials, and written guides. Traders, especially those new to futures trading, can benefit from these materials to enhance their knowledge and skills.
AMP Futures Pros and Cons
| Pros | Cons |
| A wide variety of trading platforms | No specific details about account types and details |
| Multiple trading account types | No clear information about account opening |
| Regulated | |
| Low minimum deposits |
Comparison Between AMP Futures and Other Brokers
It is very crucial to compare the broker with other prominent brokers. So, we compiled a comparison between AMP Future and 2 other prominent brokers such as Plus500 and eToro.
| Compare | AMP Futures | Plus500 | eToro |
| Regulations | NFA, CySEC, CFTC | FCA | FCA UK, ASIC, CySEC |
| Trading Desk Types | ECN, No dealing desk, STP | Market Maker | Market Maker, No dealing desk, STP |
| Demo account | Yes | Yes | Yes |
| Number of Currency Pairs | 60 | 50 | 49 |
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Conclusion
AMP Futures stands out as a comprehensive and reliable brokerage option for futures traders. With advanced trading platforms, competitive pricing, and a commitment to customer support and education, the broker caters to the diverse needs of its clientele. Traders seeking a well-rounded broker with a solid track record in the industry may find AMP Futures to be a suitable partner in their trading journey. However, as with any financial decision, traders should conduct their due diligence and consider their individual trading preferences and goals before selecting a broker.
