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AMP Futures Review
AMP Futures is a Chicago futures broker regulated by the NFA and CFTC. The CFTC fined it $100,000 in 2018 after a cyberattack exposed customer data.
Min Deposit
$100
Spreads From
Not spread based, commissions from $0.42 per side per contract
Max Leverage
Exchange set futures margins, for example about $40 for a Micro E mini S&P 500 day trade
Platforms
CQG, Rithmic
Pros
- CME Group clearing member covering CME, CBOT, COMEX, and NYMEX exchanges
- Registered NFA member and CFTC regulated futures commission merchant since 2010
- Only $100 needed to open an account and keep a live data feed running
- More than 50 trading platforms available, including CQG, Rithmic, and TradingView
- No monthly inactivity fees or minimum trading volume requirements
- 24 hour customer service and trade desk support for active traders
Cons
- CFTC fined AMP $100,000 in 2018 over a cybersecurity supervision failure
- NFA's Business Conduct Committee filed a 2015 complaint over weak AML oversight
- Only futures are offered, so spot forex and stock CFD traders must look elsewhere
- Withdrawals, forced liquidations, and currency conversions each cost $30
AMP Futures is the trading brand of AMP Global Clearing LLC, a Chicago based broker. The NFA lists the firm under ID 0412490, and the CFTC has registered it as a futures commission merchant since 2010. It is also a CME Group clearing member, covering CME, CBOT, COMEX, and NYMEX.
The broker only offers exchange traded futures, not spot forex or stock CFDs. Traders can open an account with $100 and pick from more than 50 platforms, including CQG, Rithmic, and TradingView. There are no monthly inactivity fees, but withdrawals and forced liquidations each cost $30. In 2018, the CFTC fined AMP $100,000 after a cybersecurity gap let an outsider copy about 97,000 files of customer data over ten months.
AMP Futures accepts clients from most countries but blocks a published list of higher risk nations and limits Canadian accounts to a few provinces. It suits active futures traders who want cheap commissions and many platforms, not beginners wanting spot currency trading or hand holding.
Min. Deposit
USD 100
Max Leverage
Exchange set futures margins, for example about $40 for a Micro E mini S&P 500 day trade
Spreads From
Not spread based, commissions from $0.42 per side per contract
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
