AMP Futures, established in 2010, is a Chicago-based futures commission merchant (FCM) that provides access to global electronic futures markets for individual traders, introducing brokerages, and third-party developers. The company is privately held and primarily serves retail and institutional clients interested in futures trading. Over the years, AMP Futures has developed a reputation for offering low-cost trading solutions and a wide array of trading platforms, making it a preferred choice for active traders.
The firm operates under the regulatory oversight of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC), ensuring compliance with stringent financial standards. AMP Futures is known for its commitment to customer service and has built a solid foundation in the trading industry since its inception. The company also has a relationship with AMP Global, which previously served clients in Europe before ceasing operations in that region as of 2024.
As a broker, AMP Futures focuses on retail futures trading, providing clients with a variety of tools and resources to facilitate their trading activities. The broker's business model emphasizes low commissions and competitive margin requirements, catering to both novice and experienced traders.
AMP Futures is regulated by the CFTC and is a member of the NFA. The NFA's registration number for AMP Futures is 0412490, while the CFTC oversees the firm's operations to ensure compliance with federal regulations. The regulatory licenses held by AMP Futures are valid for trading futures and options in the U.S. markets.
The company maintains client funds in segregated accounts, providing a layer of protection for traders in the event of financial disputes. Furthermore, AMP Futures is a participant in the Investor Compensation Fund, which offers additional security to clients in case of broker insolvency.
To comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, AMP Futures requires clients to provide identification and proof of address during the account opening process. This ensures that the broker adheres to necessary legal standards while safeguarding client interests.
AMP Futures specializes in futures trading, offering a diverse range of products including over 50 futures contracts across various categories such as commodities, indices, and financial instruments. Some of the key futures products available to traders include:
AMP Futures does not provide access to forex or cryptocurrency trading, which may limit its appeal to traders looking for a more diversified portfolio. However, the broker focuses on delivering a robust trading experience for those specifically interested in futures.
AMP Futures supports a wide array of trading platforms, offering over 60 options to cater to different trader preferences. The platforms available include:
The broker employs a Market Execution model, ensuring that orders are executed at the best available prices. Additionally, AMP Futures utilizes state-of-the-art technology and infrastructure, including servers located in key financial hubs, to enhance trading performance.
API access is available for traders interested in automated trading solutions, enabling them to develop and implement their own trading strategies seamlessly.
AMP Futures offers a straightforward account structure, primarily featuring an "All-in-One" account type. This account allows traders to access various futures markets without the need for multiple accounts. Key features of the account include:
The broker does not offer specialized accounts such as Islamic or PAMM accounts, which may be a limitation for some traders. However, the absence of inactivity fees and the availability of a demo account for practice trading are notable advantages.
AMP Futures provides multiple options for funding trading accounts, including:
The minimum deposit across account types is $100, and deposits are generally processed quickly, often within a few business days. While there are no fees for deposits, withdrawals via wire transfer incur a fee ranging from $30 to $50, depending on the transaction type.
Withdrawals are typically processed within 1-3 business days, with ACH withdrawals being free of charge. It is important for traders to be aware of potential third-party fees that may apply, particularly for currency conversion.
AMP Futures prides itself on providing comprehensive customer support, available through various channels:
The broker offers educational resources, including webinars, video tutorials, and a support forum where traders can engage with experts and share insights. Daily market analysis and trading tools are also available to assist traders in making informed decisions.
AMP Futures primarily serves the U.S. market, with operations based in Chicago. While the broker has aimed to cater to a global clientele, it ceased operations in Europe as of 2024 due to regulatory constraints. Consequently, AMP Futures does not accept clients from certain countries, including:
Traders should verify the availability of services in their respective regions and be aware of any restrictions that may apply based on local regulations.
In conclusion, AMP Futures is a reputable broker known for its low-cost trading solutions and extensive platform offerings. While it specializes in futures trading, potential clients should consider the limitations regarding asset diversity and regional availability before opening an account. Overall, the AMP Futures broker provides a solid option for traders focused on futures markets, supported by robust technology and customer service.
HQ
Colombia
Although I see that the trading conditions offered by this company are quite attractive, like very low deposit threshold, free deposit and withdrawal, MT5 platform... But in fact, I see that the regulatory license status is very bad. I dare not invest here.
37130
2022-12-02