AMP Futures Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
Software Index
License
NFA Suspicious Clone 
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.
AMP Futures, a U.S.-based brokerage firm, has gained attention for its competitive pricing and extensive platform offerings in the futures trading space. However, user experiences reveal a mix of satisfaction and frustration, particularly regarding customer support and withdrawal processes. This review synthesizes various insights from users and experts to provide a comprehensive overview of AMP Futures.
Note: It is important to recognize that AMP Futures operates under multiple entities, including AMP Global, which may affect regulatory oversight and user experiences. This review aims to present a fair and accurate assessment based on the available data.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 6.5 |
| Tools and Resources | 7.0 |
| Customer Service and Support | 5.5 |
| Trading Setup (Experience) | 6.0 |
| Trustworthiness | 6.5 |
| User Experience | 6.0 |
We evaluate brokers based on user feedback, expert analysis, and comprehensive criteria to provide a balanced perspective.
Founded in 2009, AMP Futures is headquartered in Chicago, Illinois, and is primarily focused on futures and options trading. The brokerage offers access to over 60 trading platforms, including popular options like MetaTrader 5 (MT5) and NinjaTrader. AMP Futures is regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) in the U.S., as well as by the Cyprus Securities and Exchange Commission (CySEC) through its European entity, AMP Global.
AMP Futures operates under the NFA and CFTC in the U.S., ensuring compliance with stringent regulatory standards. However, concerns have been raised about its regulatory status in other regions, particularly regarding its CySEC license, which some sources label as suspicious.
The broker accepts deposits and withdrawals in USD, EUR, and GBP. However, it does not support cryptocurrencies, which may limit options for some traders. Users have reported that while deposits are straightforward, wire withdrawals incur fees ranging from $30 to $50, which are considered high compared to industry standards.
The minimum deposit required to open an account with AMP Futures is $100, which is relatively accessible for retail traders. However, some users have expressed that a lower minimum deposit would be beneficial for newcomers to the trading scene.
AMP Futures does not offer welcome bonuses or promotional incentives, focusing instead on providing low commissions and access to professional trading platforms.
AMP Futures specializes in futures and options trading, providing access to a variety of markets including commodities, stock indices, and currencies. However, the absence of stocks and cryptocurrencies may deter some traders who seek a more diversified trading experience.
AMP Futures is known for its competitive commission structure, with fees as low as $0.37 per contract for certain futures. However, users should be aware of additional costs such as withdrawal fees and potential data subscription fees for specific platforms.
The leverage offered by AMP Futures can vary, but it is generally around 1:20 for futures trading. This is lower than what some forex brokers offer, aligning with the regulatory guidelines for futures trading.
AMP Futures provides access to a wide range of trading platforms, including MT5, CQG, and Sierra Chart, allowing traders to choose the platform that best suits their trading style. The extensive platform selection is a significant advantage, particularly for advanced traders.
AMP Futures primarily caters to U.S. traders, and while it has a European entity, the services available may differ. Traders outside the U.S. should verify the specific offerings and regulatory compliance in their region.
Customer support is available in English, with various contact options including phone, email, and live chat. However, user reviews indicate that response times can be inconsistent, with some users experiencing delays in receiving assistance.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 6.5 |
| Tools and Resources | 7.0 |
| Customer Service and Support | 5.5 |
| Trading Setup (Experience) | 6.0 |
| Trustworthiness | 6.5 |
| User Experience | 6.0 |
The account conditions at AMP Futures are generally favorable, with a low minimum deposit and no inactivity fees. However, the lack of micro accounts and the absence of bonuses may limit appeal for novice traders.
AMP Futures offers a robust selection of trading platforms and analytical tools, catering to both beginners and experienced traders. The availability of educational resources, including webinars and guides, is a positive aspect.
Customer service experiences vary significantly among users. While some praise the responsiveness and helpfulness of the support team, others report long wait times and unhelpful interactions, particularly during critical trading periods.
Users generally find the trading experience satisfactory, with competitive commissions and a wide array of platforms. However, issues with withdrawal processes and account management have been reported, leading to frustration among some traders.
AMP Futures is regulated by reputable authorities, which enhances its trustworthiness. However, concerns about its CySEC status and mixed user reviews regarding withdrawals and customer service warrant caution.
Overall, user experiences with AMP Futures are mixed. While the broker offers competitive pricing and a wide selection of platforms, issues with customer support and withdrawal processes have led to dissatisfaction among certain users.
In summary, AMP Futures presents a compelling option for futures traders, particularly those seeking low commissions and a variety of platforms. However, potential users should carefully consider the mixed reviews regarding customer service and withdrawal processes before committing to this broker.
