Interestingly, at some places "overnight" means only the 5:00 p.m. - 6:00 p.m. ET reset. After that you can continue to use "daily" margin requirements. So one could hold from 6:01 PM until 4:59PM the next day using the Daily requirement.
Are they any good? Would be interested to hear from traders who actually make money and taking payments out.
I doubt the brokers care for actual range. They normally use %% of the exchange margin plus some marketing adjustment.
I have been using AMP for 5 years now, and very happy so far. AMP is not a prop firm or bucket shop that trades against you. One thing to note is that AMP ups margin to about $2000 sometimes $4000 or higher during major news events CPI, NFP, FOMC etc. Just something to bear in mind if your main style is trading these events, don't expect $500 & $1000 over major news events. Also when the VIX really spikes eg. to over 50, then don't expect $500 & $1000 at anytime, even during regular trading hours and no economic news is expected.
I think they (the brokerage end) have very little choice in that regard, compliance dept and the exchange itself do. Only makes sense - as Will Rogers famously said once "I care more about the return of my money, than the return on my money."
I called amp today. They confirmed their published margins on the website (which is 1k for NQ).. I'll do some search if there are any concerns abt them but so far looks good. 8k is just psychologically unpalatable to me.
I have good experiences with AMP. When the market is extremely volatile, as it was during the tariff uncertainty for example, or when there is going to be news that can have a big impact on the market such as CPI they increase their margins temporarily, last time was 2 weeks ago.
Exactly. Sounds like the OP needs to trade micros as well and stop overleveraging while being undercapitalized.