AMP Futures Broker Review 2024

AMP Futures offers various financial instruments, including Futures, Stock Indices, Currencies, Energies, and Metals, through 50+ trading platforms. What are the trading conditions on AMP Futures broker?

We’ll explore the account types, trading costs, platforms, regulatory status, financial markets, customer support, and many more in this AMP Futures review.

AMP Futures; Who is Behind the Broker? Is It Regulated?

AMP Global (USA) is a USA-based Futures Commission Merchant (FCM) regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). The company was founded in 2010 and its website is registered to “Daniel Culp”.

AMP Global has provided services in Europe since 2011 through AMP Global (Europe), regulated by CySEC. However, the company stopped all of its operation in this region as of 2024 and now operates only in USA.

AMP Futures Specific Information

The company stands out in the crowded futures brokerage market with its unique offerings and client-centric approach. Here's a breakdown of what makes AMP Futures special.

AMP Futures Broker Account Offerings

The company offers a total of seven account types, including Individual, Joint, IRA, Corporate, LLC, Partnership, and Trust. However, at first, you can only choose between Individual or Joint accounts, and then you can change your account type. Key features of AMP Futures accounts:

The broker also offers swap-free account with no overnight interest charges for clients following Islamic banking principles. However, it’s limited to selected currency pairs.

AMP Futures Pros & Cons

With its combination of low costs, diverse platforms, and comprehensive support, AMP Futures aims to cater to traders with different levels. However, to have a balanced look we must consider the cons, too.

AMP Futures Account Opening and Verification

Opening an account with AMP Futures is a straightforward process designed to get you trading as quickly as possible while ensuring compliance with regulatory requirements.

1. Visit the broker’s official website at “https://www.ampfutures.com/”;
2. Click “Sign Up”;
3. Fill out the new application form;
4. Provide proof of identity (passport or driver’s license) and proof of address (utility bill or rental agreement).

What Are the Available Trading Platforms on AMP Futures?

The next topic to discuss in this AMP Futures review is the trading platform. The broker offers 50+ advanced platforms across various devices, including Android, iOS, Desktop, and Web. This diverse selection caters to traders of all experience levels and preferences. AMP Futures trading platforms:

• MetaTrader 5;
• CQG Trader;
• Trading Technologies (TT);
• Rithmic;
• R Trader Pro;
• NinjaTrader;
• TradingView;
• QuanTower;
• MultiCharts;
• Sierra Chart;
• Bookmap;
• MotiveWave.

These platforms support various data feeds, including CQG, Rithmic, TT, and Teton.

AMP Futures Fee Structure

Understanding the fee structure is crucial when choosing a futures broker. The broker offers a competitive pricing model, but knowing all potential costs is important. Key specifics of AMP Futures pricing:

Trading Fees

• Commission-free access to the 24-hour trade desk;
• $25 per contract for margin and/or 80% daily loss limit liquidation;
• $10 monthly fee for additional user logins.

Platform Costs

• Vary depending on the chosen platform;
• Some platforms like CQG, R Trader Pro, TradingView, and MT5 are offered free of charge.

Administrative Fees

• Free electronic daily and monthly statements;
• $30 for mailed monthly statements;
• $30 for account statement reproductions;
• $30 for electronic trading audit detail logs.

Deposit and Withdrawal Fees

• Free incoming wires, checks, and ACH deposits;
• Free ACH withdrawals;
• $30 for domestic and international wire withdrawals;
• $75 for returned checks;
• $30 for wire recalls/returns.

AMP Futures Payment Options

The broker implements traditional banking solutions for funding and withdrawal transactions. Here's an overview of the available payment methods on AMP Futures.

• Wire Transfer: Fastest method for account funding with potential intermediary bank fees;
• ACH (Automated Clearing House): A solution to move money electronically between US banks;
• Check: Accepted only for deposits but not recommended due to slow processing times.

Copy Trading and Growth Plans on AMP Futures Broker

The company offers innovative features to help traders grow their accounts and improve their trading strategies. Here's an overview of the copy trading and growth opportunities available on AMP Futures.

• Copy Trading: Available through the MetaTrader 5 (MT5) platform, which allows traders to automatically replicate trades of successful signal providers;
• Growth Plans: Advanced analytical tools for technical and fundamental analysis with the ability to create and deploy automated trading strategies (Expert Advisors) using MQL5.

AMP Futures Broker Bonus and Promotional Offerings

The broker doesn’t offer any traditional bonus plans like welcome gift or extra deposit. However, you can earn passive income through the affiliate program for none US customers.

AMP Futures Customer Support Channels

The next aspect to explore in this AMP Futures review is customer support. The broker prides itself on providing comprehensive 24/7 support to ensure a smooth trading experience for its clients.

Restricted Countries on AMP Futures Broker

While the broker aimed to serve a global clientele, ceasing its operation in Europe and other regulatory requirements means that it cannot offer its services in all countries. AMP Futures Geo-Restrictions:

• Afghanistan;
• Albania;
• Azerbaijan;
• Bangladesh;
• Belize;
• Belarus;
• Cambodia;
• Central African Republic;
• Cuba;
• Gaza Strip;
• Iran;
• Iraq;
• Jordan;
• Libya;
• Russian Federation;
• Syria;
• Ukraine;
• Yemen.

AMP Futures Broker on Review Websites

The company has garnered attention on various review websites, providing potential clients with valuable insights from real users.

Conclusion and Final Words

AMP Futures offers provides futures contract across various markets, such as Stocks, Currencies, Energies, Metals, Meats, Interest Rates, Grains, and more with leverage up to 1:100.

AMP Futures now operates only in USA under the supervision of NFA and CFTC regulatory bodies. Share your thoughts about the AMP Futures review in the comments.