In addition to the fees outlined in your cost calculator, are any additional "clearing" fees added in the statements? Has happened to me in the past with other brokers...
Understood...this is one of the reasons we create AMP Exact Cost Calculator. Confirmed. All per contract fees are included.
AMP's Online Account Application is Quick and Easy. Apply Today, Fund and Start Trading Live as Early as Next Trading Session! As an AMP Customer you get: 60+ Trading Platforms to Choose from your 1 AMP Account DayTrade margins as low as $300 for ES NO Inactivity Fees. NO Monthly Volume Requirements Pricing as low as $0.15 per side + fees Online Account Application takes as little as 5 minutes to complete - Apply Now > AMP's main focus is our Customers. We strive to provide our customers the Best Trading Platforms and Excellent Customer Service - All for the Lowest Pricing! We look forward to supporting you reach your trading goals! For more information about AMP Services, please visit https://www.ampfutures.com/ There is a risk of loss in trading futures, forex and options. Futures, forex and options trading are not appropriate for all investors.
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What's the firm's capital situation currently? It was noted in a thread from a year ago that as of Dec 2014 the firm's excess net capital was only $1.4 million. But maybe that doesn't matter for a non-clearing FCM?... I'm not a lawyer.
Nothing has changed in AMP's Operations Since 2010. We have built our FCM operations with a clear understanding of our customers, electronic automated efficiency and extreme focus on risk management. This allows us to provide our customers all of this and more for the Cheapest Pricing: Excellent 24 hour Real-time Customers Service Global access to exchanges around the world 60+ Trading Platforms for our customers to freely choose 4 high performance data-feeds (CQG, Rithmic, TTnet & NEW TT) Day trade margins as low as $300 for ES FREE ACH banking (No charge for deposits or withdraws) Starting account balance minimum only $100 Our business model is different than other FCMs. From our continued growth, it is our opinion we are executing our business very well. Here are some details on AMP operations: Financials: AMP is one of the few FCM's today that does not engage in any business other than the processing of trades for Futures and Commodity Customers. We are not dependent on interest income or alternative investments for our profitability - we process electronic futures trades for our customers- it's our business. What we do not do? No proprietary trading No Exchange Floor Trading - Positions Reported to Clearing Firm only every 15 minutes (Only electronic exchange trades by AMP customers - P/L to the tick) No exposure to mortgage backed securities No exposure to European debt No activity in OTC or Off-Exchange Trading (such as Forex) No Naked Short Options Selling (Unlimited Risk) by AMP Customers What we do? AMP reports its financial position on a daily and monthly basis to NFA and CFTC. Mitigate Market Risk/Exposure: AMP risk controls are marked to the tick and tradable markets are limited to the major liquid markets - no exotic/illiquid instruments. Should you have any direct questions not answered, please contact us directly via email: trading@ampclearing.com Happy Trading!