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AMP Futures Broker Review 2024

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AMP Futures Broker Review 2024
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:AMP Futures
Founded:USA
Min Deposit:100
Max Leverage:100
Headquarter:Chicago, USA
US Accepted:
About
AMP Futures is a Chicago-based brokerage company with over a decade of experience. The firm provides futures trading on six different asset classes with a minimum deposit of $100. The broker offers 50+ trading platforms, 4 data feeds, copy trading, and auto trading strategies.
Contact
221 N. LaSalle Street, 25th Floor, Chicago, IL 60601 USA
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Multiple free trading platforms
Various data feed options (CQG, Rithmic)
24/7 customer support
Ultra-low pricing structure
Cons
Limited account types
Limited markets
Geo-Restrictions

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?

Weā€™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 Futures
A broker with 50+ trading platforms and minimum deposit requirements of $100

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 ā€œDaniel Culpā€.

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.

Broker

AMP Futures

Account Types

Individual, Joint, IRA, Corporate, LLC, Partnership, Trust

Regulating Authorities

NFA, CFTC

Based Currencies

USD, EUR, GBP, RUB

Minimum Deposit

$100

Deposit Methods

Bank Wire, ACH, Check

Withdrawal Methods

Bank Wire, ACH

Minimum Order

0.01 lots

Maximum Leverage

1:100

Investment Options

Auto Trading, Copy Trading

Trading Platforms & Apps

MT5, TradingView, NinjaTrader, Rithmic, and 46 more solutions

Markets

Stocks, Currencies, Energies, Metals, Meats, Interest Rates, Grains

Spread

Variable

Commission

Variable

Orders Execution

Market, Stop Loss, Take Profit, Limit

Margin Call / Stop Out

100% / 50%

Trading Features

Auto Trading, Copy Trading

Affiliate Program

Yes

Bonus & Promotions

Referral

Islamic Account

Yes

PAMM Account

No

Customer Support Ways

Email, Live Chat, Phone, Remote Desktop, Forum

Customer Support Hours

24/7

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:

Execution Model

Futures Exchanges/STP

Leverage

Up to 1:100

Min Deposit

100 USD/EUR/GBP or 6,500 RUB

Min Trade Size

0.01 lots

Max Trade Size

100.00 lots

Max Open Positions

Unlimited

Margin Call

100%

Stop Out

50%

Hedging

No

Scalping, EAs, and News Trading

Yes

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

AMP Futures Pros & Cons

Why AMP Futures Broker?
No monthly inactivity fee, multilingual support, and $400 S&P 500 day-trading margins are some of the benefits of AMP Futures

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 brokerā€™s official website at ā€œhttps://www.ampfutures.com/ā€;
  2. Click ā€œSign Upā€;
  3. Fill out the new application form;
  4. Provide proof of identity (passport or driverā€™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.

AMP Futures Payment Methods
All deposits must come from an account in the same name as the AMP trading account (anti-money laundering requirement)
  • 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 doesnā€™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.

Remote Desktop

Connect your monitor to AMP experts

Live Chat

None-responsive

Phone

(800) 560-1640

Email

support@ampfutures.com

Forum

Communicate with the brokerā€™s experts and clients

AMP Futures Broker on Review Websites

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

TrustPilot

4.5 out of 5 based on 653 reviews

TradingView

4.7 out of 5

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.

FAQs

What is the minimum deposit?

You can start trading with a budget as low as $100.

Does AMP Futures have a branch in Europe?

AMP Global, regulated by CySEC, ceased to operate as of 2024.

What are the trading platforms?

You can use 50+ trading solutions, including MT5, TradingView, R Trader Pro, Rithmic, NinjaTrader, and many more.

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