This shit is pure entertainment..Loved the trailer. "was a passive investor and barely knew about futures and just happened to be with ToS when the market crashed. I am a quick learn and got a hold of it trading 1 lot in March, then 3 lots, 5, 10, 20 etc. Now I trade 200ish every few hours on average and pay like $2k per day in commission.))"
right. No point getting angry over tigher margin requirement . Because it will happen again and again. I am used to 'YOU HAVE INSUFFICIENT MARGIN IN YOUR ACCOUNT ' error message. I'd simply reduce trading quantity. No point getting angry
By knowing the size of the house AMP is doing a great job here by not accepting those risky positions. This thread has been a very informational and I feel now way much more safe with the AMP. I personally don't know any broker who will accept $400 or $500 margins per ES contract in 800 contract positions until they know you well ie. you have shown your trading style and ability to handle the risk. This is very understandable: They are protecting themselfs and their customer's businesses. Yes there was not the fineprint in there but come on guys use your common sense! I like AMP for many reasons. Of course they are not perfect (who is?) but they have been improving much during the years and I am sure this small "debate" will do it further.
[QUOTE=" And P.S. @destriero called that shit. Amazing. He said that the OP would trade some number of contracts at 800, and the rest at 6K. Afterwards, AMP came right back with that same figure which the OP is complaining about. 6K per. WTF is dest, like a robot? How did he know that amount is what AMP would call for? Is dest Dan Culp? lol![/[/QUOTE] I have noticed that too. They are in Cahoots. Or, just another rich asshole whining when they don't get their way.
Yes, unfortunately, now there is a lot of deception everywhere. keep in touch, it will be interesting to know.
I have noticed that too. They are in Cahoots. Or, just another rich asshole whining when they don't get their way.[/QUOTE] Dafuq are you on about?
Dafuq are you on about?[/QUOTE] if he's so rich he would've a seat at cme and pay pennies on commissions life's not fair own it
I just came across this thread, missed it originally, interesting read. As a new AMP account holder, your post had me a bit worried. Looking at financial data for FCMs, AMP have $64 million in customer assets in segregated accounts. If AMP only had a few million on deposit from customers like your post suggested i would wonder how they make a profit after all these years. Net capital requirements seem to be $1million for AMP, and they have 5.6million. So 4.6 million excess capital. https://www.cftc.gov/MarketReports/financialfcmdata/index.htm
I hadn't looked at the data in years. Last I saw it was 7 figures. Nice to read they went up to 8 figures. So their business model is working, and continues to.