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AMP Futures Forex broker specializes in providing foreign exchange trading services, the company's official website https://application...., the company's legitimate regulatory information CyprusCYSECMarket Maker (MM), United StatesNFACommon Financial Service License to enhance the security of the company's address 221 N. LaSalle Street, 25th Floor, Chicago, IL 60601 USA

AMP Futures Forex Broker

Basic Information

Registered Region
United States
Operating Period
--
Company Name
AMP GLOBAL CLEARING LLC
Abbreviation
AMP Futures
Company employee
--
Customer Service Email Address
support@ampfutures.com
Contact Number
+18005601640
Company address
221 N. LaSalle Street, 25th Floor, Chicago, IL 60601 USA
Keywords
5-10 years
Suspicious Regulatory License
MT5 Full License
Global Business
Suspicious Overrun
High potential risk

Company profile

AMP Futures Review SummaryFounded2004Registered Country/RegionUnited StatesRegulationCySEC/NFA (Suspicious clone)Market InstrumentsFuturesDemo Account✅Trading Platform50+ platforms (e.g. Quantower, MT5, Sierra Chart, MultiCharts, TradingView)Minimum Deposit$100Customer SupportLive Chat, Remote SupportPhone (Toll-Free: (800) 560-1640, Direct: (312) 893-6400)Email: support@ampfutures.comAMP Futures Information Based in the United States, AMP Futures is a futures broker formed in 2004 providing access to more than 50 trading platforms with ultra-low costs and margins. Its regulatory legality is called into question, nevertheless, as it is now marked for employing questionable clone licenses (CySEC/NFA).Pros and ConsProsConsOver 50 professional trading platformsSuspicous clone licensesVery low trading commissionsLimited trading productsFree access to premium platformsHigh fee for international wire withdrawals ($30)Is AMP Futures Legit? No, AMP Futures is not legit. It uses suspicious clone licenses from CySEC and NFA. The licensed entity names and websites don't match the real authorized companies, indicating it is falsely claiming regulation to mislead users.Regulatory StatusSuspicious CloneRegulated byCyprus (CySEC), United States (NFA)Licensed InstitutionAMP Global LTD/AMP Global Clearing LLCLicense TypeMarket Maker (MM)/Common Financial Service LicenseLicense Number360/18 (CySEC), 0412490 (NFA)What Can I Trade on AMP Futures? AMP Futures offers low-cost futures trading with 50+ supported trading platforms and multiple professional data feeds. They provide free access to platforms, low margins, and no monthly fees.Trading InstrumentsAvailableFutures ✔Forex❌Commodities❌Indices❌Stocks❌Cryptocurrencies❌Bonds❌Options❌ETFs❌AMP Futures Fees AMP Futures offers extremely competitive and low-cost pricing compared to industry standards. They stand out with ultra-low commissions, free access to major trading platforms, and no inactivity or monthly fees, making them one of the most cost-effective futures brokers.Fee TypeAmountCommissionsUltra-low; varies by platform and product, starting from $0.37 per sidePlatform FeesFree access to major platforms like MT5, Quantower, MultiChartsMarket Data FeesDepends on feed (CQG, Rithmic, etc.); some may have additional chargesInactivity Fee❌Monthly Maintenance Fee❌Deposit Fee❌ (ACH, wire deposits accepted)Withdrawal FeeLow or no fees; varies by methodAccount Minimum$100 Day Trading MarginsAs low as $40 (Micro E-mini S&P 500) to $400 (S&P 500 full contract)Other FeesNo volume requirements or hidden costsFee TypeServiceAmountWithdrawal OptionsACH (Next Day - 4pm CST Delivery, US Only)❌Wire (Domestic & International)$30Deposit OptionsIncoming Wires / Checks / ACH❌Returned Check (NSF)$75Check Stop Payments / Wire Recalls / Returned Wire$30Currency Conversions$30Trading24-Hour Trade Desk❌Margin or 80% Daily Loss Limit Liquidation$25 per contractAdditional Trader (User) Login$10 per month3rd Party Platform FeesVaries (see details)AdministrativeElectronic Daily & Monthly Statements❌Mailed Monthly Statement$30Reproduction of Account Statements$30Electronic Trading Audit Detail Log$30Trading Platform AMP Futures supports over 50 trading platforms, including Quantower, MetaTrader 5 (MT5), Sierra Chart, MultiCharts, and TradingView. Most are free for AMP users and accessible via desktop, web, and mobile. These platforms cater to traders of all skill levels, including novices, expert algorithmic traders, and professionals.Deposit and Withdrawal AMP Futures charges no deposit fees, and ACH withdrawals are free, whereas wire withdrawals cost $30. Opening a futures trading account requires a minimum commitment of $100. Deposit OptionsDeposit MethodMinimum DepositDeposit FeesDeposit TimeWire Transfer (Domestic & International)$100❌Typically 1 business dayACH (Automated Clearing House)$100❌1–2 business daysCheck$100❌Varies by mail/courier Withdrawal OptionsWithdrawal MethodWithdrawal FeesWithdrawal TimeACH (Domestic Only)❌Next day by 4 PM CSTWire Transfer (Domestic & International)$30Typically 1 business day

Rating Index

How to login to AMP Futures?
amp futures Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register an amp futures Account The registration process for an amp futures account is straightforward and can be completed in just a few minutes. Follow these detaile

  

AMP Futures Broker - Complete Information Guide

  

1. Broker Overview

  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.

  

2. Regulatory and Compliance Information

  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.

  

3. Trading Products and Services

  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:

  • Micro E-mini Futures: These contracts allow traders to engage in the futures market with lower capital requirements, including options like the Micro E-mini S&P 500 and Micro E-mini Nasdaq-100.
  • Commodity Futures: Traders can access futures for agricultural products, metals, and energy resources, including crude oil and natural gas.
  • Financial Futures: This includes contracts related to interest rates and bonds, providing opportunities to hedge against market fluctuations.

  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.

  

4. Trading Platforms and Technology

  AMP Futures supports a wide array of trading platforms, offering over 60 options to cater to different trader preferences. The platforms available include:

  • MetaTrader 5 (MT5): A widely recognized platform that provides advanced trading features, charting tools, and automated trading capabilities.
  • Sierra Chart: Known for its professional-grade charting and market analysis tools, it is favored by many futures traders.
  • NinjaTrader: A popular platform among active traders, offering extensive tools for analysis and trade execution.
  • TradingView: Integrated with AMP Futures, it allows users to trade directly from charts while utilizing powerful analytical tools.

  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.

  

5. Account Types and Trading Conditions

  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:

  • Minimum Deposit: The minimum deposit requirement is $100, making it accessible for retail traders.
  • Leverage: Traders can utilize leverage of up to 1:100, depending on the specific futures contracts being traded.
  • Minimum Trade Size: The minimum trade size is 0.01 lots, accommodating both small and large trades.
  • Commission Structure: AMP Futures charges competitive commissions, typically around $0.03 per lot, but these can vary based on the trading volume and specific products.

  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.

  

6. Fund Management

  AMP Futures provides multiple options for funding trading accounts, including:

  • Bank Transfers: This is the primary method for deposits and withdrawals, allowing for secure transactions.
  • Credit/Debit Cards: Traders can use cards for quick deposits, although withdrawals to cards may take longer.
  • ACH Transfers: Automated Clearing House transfers are available for U.S. clients, providing a convenient way to move funds electronically.

  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.

  

7. Customer Support and Educational Resources

  AMP Futures prides itself on providing comprehensive customer support, available through various channels:

  • Live Chat: This feature allows traders to receive real-time assistance during trading hours.
  • Email Support: Traders can reach out via email for non-urgent inquiries, although response times may vary.
  • Phone Support: Customer service is available by phone during business hours, ensuring traders can get help when needed.

  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.

  

8. Regional Coverage and Restrictions

  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:

  • Afghanistan
  • Belarus
  • Cuba
  • Iran
  • Russia
  • Syria
  • Ukraine

  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.

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Latest Reviews

HQ

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

AMP Futures Forex Broker has an overall rating of 2.40, Regulatory Index 0.00, License Index 0.00, Business Index 7.38, Software Index 9.63 Risk Control Index 0.00.
AMP Futures