Besides AMP, lowest cost broker with CQG feed?

Discussion in 'Retail Brokers' started by vic38, Feb 22, 2024.

  1. schizo

    schizo

    Ever thought about just setting up a sub-account? It's heck of a lot easier than opening a new account. Here's the instruction.

    https://faq.ampfutures.com/hc/en-us/articles/10798190609047-Steps-to-set-up-Sub-Account
     
    #11     Feb 22, 2024
    vic38 likes this.
  2. ph1l

    ph1l

    That's open to debate.
    https://www.linkedin.com/pulse/copy-trade-legal-bert-antonik
     
    #12     Feb 22, 2024
  3. mervyn

    mervyn

    have another bigger ibkr account of futures swing trades, not copy trades but works for me.
     
    #13     Feb 22, 2024
  4. ondafringe

    ondafringe

    I'd be careful with that approach.

    A few years ago, I remember reading a complaint from a trader on the AMP forum:

    He had a personal account at AMP and was trying to open a second account. He then mentioned something that suggested he was thinking of trading someone else's account. Not only did AMP Compliance deny his new account request, they also closed his personal account. Once that happens, there is no forgiveness, no way to reverse AMP's decision to cut you loose.

    ...recent regulation is that you must TRADE YOUR OWN ACCOUNT or ACCOUNTS. Multiple accounts not funded by same bank raises a red flag also multiple routing can trigger Pro Rates. you could also be trading other people funds which is not authorized or allowed.

    IMO, it's not worth the risk.
     
    Last edited: Feb 23, 2024
    #14     Feb 23, 2024
  5. hilmy83

    hilmy83

    Copy trading is not the same as "trading for others".

    Otherwise they would've shut down sites like collective2, isystems etc long time ago.

    Unless you were thinking of actually accessing their accounts to trade, then that's wrong..and dumb.
     
    #15     Feb 23, 2024
    Overnight likes this.
  6. Overnight

    Overnight

    You understand. Thank you for having...gray.
     
    #16     Feb 23, 2024