AMP Futures Review

AMP Futures helps people trade in the futures market by offering a platform for buying and selling futures contracts. This review will explore what AMP Futures offers, how their service works, and if they are a good choice for trading futures. Based in the US, AMP Futures provides over 60 trading platforms for advanced users, especially futures traders. We will discuss their pros and cons, fees, deposit and withdrawal processes, trading platforms, and other key features. This information will help you decide if AMP Futures is the right trading platform for you. 

🏢 Headquarters	Chicago, United States
📅 Year founded	2009
🗺️ Regulation	CySec, FSA, FSC, NFA, CFTC
💻 Trading platform:	MT5, Webterminal, StereoTrader 2.5 based on MT5
💰 Account currency:	USD, EUR, GBP, PLN
📊 Accounts:	Demo, Trading, Corporate, Islamic
💵 Withdrawal options:	Bank transfer, Visa/ Mastercard, WebMoney, Neteller, Skrill
💵 Deposit options:	Wire transfer, Visa, Mastercard, Skrill, ACH and check deposits from our US clients
🚀 Minimum deposit:	$100
⚖️ Leverage:	Up to 1:100
☪️ Islamic account (swap free)	Yes
🎮 Demo Account	Yes
💱 Spread:	From 1 pip
🔧 Instruments:	Exchange-Traded Futures, Indices, Stocks, Crypto CFD, Forex, Metals, Energies
📋 Orders execution:	Market execution
☎ Customer Support:	24/5
📚 Education	Yes

What is AMP Global?

AMP Global is owned by the same people who own AMP Futures, based in Chicago, USA. In 2009, they started a European branch to serve clients outside North America. This broker is registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC, 360/18). AMP Global is part of the Investor Compensation Fund and focuses on keeping clients’ money safe. They store deposits in separate accounts in European banks, completely separate from the broker’s own money.

Fees

AMP Futures has low trading fees and doesn’t charge for inactivity or deposits. However, wire transfers for withdrawals are expensive. The fees include only the commission and clearing fee charged by AMP Futures, not the exchange, NFA, or order routing fees. This allows for a fair comparison with other brokers.

There are also fees for moving transactions to the next day, known as swaps. We compared AMP Global Clearing’s trading commissions with those of its competitors and rated each broker from low to high based on this analysis.

AMP Futures charges the same commissions for options on futures.

There is no fee for inactivity, deposits, or ACH withdrawals, but wire withdrawals cost $30 per transaction.

You can use over 60 trading platforms at AMP Futures, though some are not free. For example, Sierra Chart (Package 5) costs $25 per month.

Pros and Cons

Pros	Cons
Clients are protected by the Investor Compensation Fund in case of disputes.	You need a minimum deposit of $100, €100, or £100.
The broker has a CySEC license.	Zero spreads are not available.
All trading strategies are allowed.	Micro (cent) accounts are not offered.
	The broker does not hold trading contests or offer bonuses.
	There are no investment programs or PAMM accounts.

Regulation and Safety

AMP Futures follows rules set by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC), which is a top financial authority. The company also shares its financial information openly.

AMP Futures follows the EU Markets in Financial Instruments Directive (MiFID) and belongs to the Investor Compensation Fund. This ensures that traders receive insurance payments if the company cannot compensate them after a financial dispute.

Is AMP Futures safe?

Yes, AMP Futures is safe. We suggest AMP Futures for experienced traders because futures trading doesn’t have investor protection. Also, if your account balance goes negative, you will have to cover those losses.

Deposit and withdrawal

1. AMP Global customers can make unlimited withdrawal requests. The broker does not charge fees for withdrawals, but payment systems and banks do.
2. You can withdraw funds using bank transfers, Visa or Mastercard, WebMoney, Neteller, Skrill, AstroPay, and e-wallets. The available payment options may vary depending on your account registration country.
3. Withdrawals to e-wallets and cards are processed instantly. Bank transfers take 2-5 business days to process.
4. You can withdraw and deposit in EUR, USD, and GBP.
5. You need to verify your account to make transactions.

Account Types

AMP Futures offers various types of accounts depending on who owns them:

• Individual: This account belongs to one person.
• Joint: This account is owned by two or more people.
• Corporate / LLC / Partnership: This account belongs to a company or legal entity.

For US customers, there’s also the option of IRA accounts, which offer tax advantages. To learn more about these accounts, check out our detailed IRA guide.

Opening a Trading Account

To open an account at AMP, you need to do it all online. But, it’s a bit tricky and takes a few steps to finish.

Here’s what you need to do:

1. Choose what kind of account you want and agree to the risk statement.
2. Put in your personal info like your name, where you live, and your email. Also, pick a username and password.
3. Give more personal details like your phone number, birthday, and address.
4. Answer some questions about your money situation, like how much you make or what you own.
5. Fill out a survey about your experience with investing.
6. Agree to some statements.
7. Upload documents to prove who you are and where you live. For ID, you can use your passport, national ID, or driver’s license. For residency, you can use a bank statement, utility bill, driver’s license, or credit card statement.

Once you finish all these steps, you’ll get an email confirming everything with your login details.

Customer Support

AMP Futures offers customer support services that you can use 24/5. That means you can contact their support team anytime on weekdays, from Monday to Friday, 24 hours a day. This makes sure traders can get help whenever they need, especially during busy trading times.

Education

The broker’s website doesn’t have a special education section. You can find all the theory stuff by clicking on “Help” or the buttons for “Webinars” and “Video instructions”.

Conclusion

AMP Futures has positive and negative sides for traders. On the positive side, it offers an All-in-One account, high leverage, easy-to-use features, various payment options, and helpful customer support. However, it’s linked to a clone regulation status, which might worry traders about regulation. Also, it’s not widely available in some countries, and it doesn’t offer much market analysis. Traders need to consider these pros and cons to determine if AMP Futures aligns with their trading goals before making an informed decision.

FAQs

What is AMP Futures?

AMP Futures is a US broker. It allows you to trade futures contracts and provides more than 60 advanced trading platforms.

Is AMP Futures safe?

Yes, AMP Futures is safe. Top authorities like the NFA and CFTC regulate it. Look at its advantages and disadvantages to decide if it suits your trading needs and risk level.

What fees does AMP Futures charge?

AMP Futures has low trading fees. It doesn’t charge for inactivity or deposits, but it costs $30 for wire withdrawals.