AMP Futures Review
Richard Montana | August 2, 2022
Founded in 2009, AMP Futures provides traders with ultra-cheap commissions, super-low margins, excellent 24-hour customer service, and a huge selection of 50+ trading platforms. The company is regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). AMP Futures has also a legal entity based in the EU called AMP Global (Europe), which provides CFD, forex and futures trading and is regulated by the Cyprus Securities and Exchange Commission (CySEC). In this review, we focus on the US-based entity AMP Futures and its services, that does everything you would want from a futures broker for very low commission rates.
Pros / Cons
- Excellent choice of high-quality trading platforms
- Free, no monthly fee platforms available
- No monthly inactivity fees
- No monthly volume requirements
- Multiple data feeds available
- Real-time & historical data included
- All major currencies accepted for deposits
- 24-hour customer service and trade desk
- Cheap Commission fees and price match
- Free trading education including guides and videos
- Bank transfer account funding only
- $100 deposit is not the lowest
- AMP Futures is for US traders (AMP Global is for non-US traders)
- Perhaps too overwhelming for beginners
AMP Futures provide an industry leading brokerage service that is accessible to everyone. The fees are very reasonable and execution speeds reliable. You can access an excellent range of markets for trading online via some of the best trading platforms that the industry had to offer. Most importantly their customer support team is very responsive and resolve issues quickly. I am impressed that the broker will beat or match any other commission quote or give you commission free trades. This is not something that I have seen from many other brokers and can help to ensure that you get access to some of the best prices on the market. AMP Futures provides cheap, fast and reliable data feeds and trading routes. The minimum account balance required to maintain a live data connection is $100 which is very reasonable when you consider some brokers require a balance into the thousands.
AMP Global Clearing is a Chicago-based Futures Commission Merchant (FCM) providing access to the global electronic futures markets for individual traders, introducing brokerages, CTAs, 3rd parties and API developers. A futures commission merchant (FCM) is an entity that solicits or accepts orders to buy or sell futures contracts, options on futures, retail off-exchange forex contracts or swaps, and accepts money or other assets from customers to support such orders. AMP utilizes CQG, TTnet and Rithmic technology providing Direct Market Access to more than 40 exchanges through the worldwide network of collocated Hosted Exchange Gateways.
When it comes to choosing a brokerage firm, regulation is one of the most important things to look at for. I would always prefer to use a regulated broker as they must follow rules and procedures to ensure that are operating in an honest and transparent manner. AMP Global (USA) is a licensed future clearing merchant (FCM) under the supervision of the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC). AMP Global (Europe) is regulated by the Cyprus Securities and Exchange Commission (CySEC). I personally consider this to be top-tier regulation and would therefore have no problem trusting them for my day trading activities.
AMP Futures caters for US traders. If you are looking for a USA broker then they can be a great choice. If you are located outside of the USA then you can take a look at AMP Global instead. Please also feel free to browse our broker ratings for some alternative options.
When it comes to trading platforms, it is hard to beat AMP Futures. The broker offers you a fantastic selection of 50+ trading platforms, some are free and some charge a fee. There are platforms suitable for beginners and platforms for professional traders who run demanding strategies and need access to the best tools and connectivity in the market. If you are unsure what platform to use, you can compare a selection of the platforms below to help you choose the best trading platform for your needs. I think the selection may be overwhelming for beginners. If you are new to trading then from my experience, I would say the MetaTrader 5 platform is a very good place to start. It is user-friendly and has all of the tools you need for analysing the markets, placing and managing trades.
AgenaTrader is an extremely high-performing Multi-Broker trading platform, which goes one step further than analogous trading tools. In addition to discretional and fully automated trading, the semi-automated trading approach is also completely integrated.
Quantower is a multi-asset, broker-neutral trading platform for analysis, manual and automated trading on various markets.
MetaTrader 5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools, as well as enabling the use of automated trading systems (trading robots) and copy trading. MetaTrader 5 is an all-in-one platform for trading. MetaTrader 5 allows you to enjoy the freedom of movement to the full extent — you can stay active while trading from smartphones and tablets using the powerful trading app. The Web Platform provides even more possibilities and allows you to work from any web browser and any device. By choosing the most convenient way from a variety of options, you can trade 24 hours a day!
MultiCharts is an award-winning trading platform. Whether you need day trading software or you invest for longer periods, MultiCharts has features that may help achieve your trading goals. High-definition charting, built-in indicators and strategies, one-click trading from chart and DOM, high-precision backtesting, brute-force, and genetic optimization, automated execution, and support for EasyLanguage scripts are all key tools at your disposal.
Sierra Chart is a professional desktop Trading and Charting platform for the financial markets, supporting connectivity to various exchanges and backend trading platform services. Sierra Chart supports Live and Simulated trading. Both manual and automated trading is supported
TradingView is an advanced financial visualization platform with the ease of use of a modern website. Whether you are looking at basic price charts or plotting complex spread symbols with overlayed ratios, they have the tools and data you need.
ATAS is a professional trading and analytical platform designed for order flow analysis. It has all you need for fast and convenient market evaluation – Time And Sales, Level II data (Depth of Market or DOM), and HFT algorithms tracking. ATAS platform processes the order flow data and visualizes it in an intuitive form. It features extensive filtering capabilities and a flexible setup. The platform’s analytical instruments improve the information value of the market data, enabling better insight into the market trends and, therefore, better trading performance.
TT is an ultra-low-latency software-as-a-service (SaaS) trading platform that offers a streamlined, go-anywhere trading experience for professional traders. It’s built on an all-new scalable open architecture that enables both TT and end-users to innovate and respond to changing market and customer needs with unprecedented speed and efficiency.
CQG Trader is a high-performance market data and electronic trading application for traders who do not require technical analysis tools. CQG Trader provides Order Ticket or DOMTrader®, Quote Board, and the Orders and Reports window. Many of CQG’s FCM partners offer CQG Trader as their order entry and account management front end. Traders can take advantage of this powerful application to view market activity, place orders, and track orders and positions.
CQG Desktop offers trading, market data, charting, and analytics all in one easy-to-use product that can be customized to meet your trading needs.
CQG Mobile provides high-performance trade routing, global market data, and advanced technical analysis. CQG offers DMA to more than forty exchanges through its worldwide network of co-located Hosted Exchange Gateways. CQG’s market data feed consolidates more than one hundred sources for futures, options, fixed income, foreign exchange, and equities.
Jigsaw Trading Platform
Jigsaw helps traders learn faster, trade smarter with simple, repeatable trading methods based on real-world professional Order Flow trading techniques.
MotiveWave Software is a well-established developer of easy-to-use full-featured charting, analysis, and trading software built for the individual trader. MotiveWave has very advanced charting and drawing tools that are highly customizable and yet still easy-to-use, and also specializes in advanced analysis tools like Elliott Wave, Fibonacci, Gartley, Gann and Ratio Analysis. Plus, MotiveWave has all of the features (and more) that you would expect in a professional standalone trading platform, including scanners, strategy trading, custom strategies, backtesting, optimization (genetic and exhaustive), replay mode, walk-forward testing, reporting, and trade simulation.
The VolFix.NET platform has full-feature capability to send orders through CQG, Rithmic. Access is for all customers who have chosen package with tools of western futures exchanges (CME, CBOT, NYMEX, COMEX, EUREX, ICE etc.).
The standard version of InsideEdge Trader is a complete charting and trading platform. The software uses accurate realtime data sourced from IQFeed, historical data, multiple order entry tools, including trading through the charts, unlimited simulation, complete and customizable charting indicators, and drawing tools.
The Automation version adds the ability to build trade strategies with a simple dialog based interface. This version also allows you to take signals from third party platforms such as TradeStation and route them to your broker of choice.
The Professional version adds advanced tick by tick order flow analysis in simple to view charts with split volume, cumulative delta studies and the institutional volume filter. This version is a must have for the serious trader that want to watch the auction market process in action.
BookMap offers a unique perspective when watching the Depth of Market (DOM) dynamics & order book flow. BookMap xRay delivers the only configurable heat map display that visualizes both real-time order flow and live trade analysis information combined with historical depth-of-market (DOM) data. Our unique java-based Complex Event Processing (CEP) engine handles millions of market data updates in real-time, showing you exactly how the limit order book evolves over time. This unique perspective enables traders to get a faster and deeper insight into live market dynamics and short-term price action.
VolSys® is a professional trading platform which its main goal is the analysis of the volume profiles, time and sales, order flow and footprint.
VolBook®is a professional volume trading platform that offers an innovative way for the display and the analysis of the market depth without neglecting the study of level 1.
Rithmic Trader Pro
R | Trader Pro powered by Rithmic is a front-end trading platform with charts and real time interface to and from Microsoft Office Excel. With R | Trader Pro, traders can view about 100 studies and stream them in real time into Microsoft Office Excel spreadsheet. With the power of Excel, you may develop your own indicators and, using Rithmic’s two way real-time interface, you may configure trades to be sent back into R | Trade Execution Platform™ through R | Trader Pro™, automatically or with the click of a button.
Collective2 is an open platform that traders can have anyone that is interested, follow their trades live through automated trade signals in your own personal brokerage account.
Discover the power of the Investor/RT platform with it’s advanced charting and market analytics. Investor/RT has been refined over two decades to meet the ongoing needs of traders and active investors.
With eSignal’s futures trading platform, you can determine what phase the market is in on any time frame, identify what time is the right time to have a position, use trading methods that combine both time and price, and manage your money effectively.
iSystems is the marketplace for automated trading systems with thousands to choose from.
iBroker’s simple yet powerful design was built by traders, for traders. Whether you want to trade forex with real-time charts and indicators, or just want a price alert when E-Mini S&P futures hit a certain level, the iBroker app has what you need. Simple and elegant controls for entering orders, adjusting prices, reversing positions, and more. Your eyes will easily find their way with an intuitive design adapted to each device.
Quantirica is a firm based in Italy focused on developing Trading and Investment solution for Institutional Investment and Brokerage Firms, as well as to self directed retail traders e prop trading groups.The main focus of the Company is everything rotating around the Financial Technology.
Overcharts allow you to easily toggle between brokers or simultaneously connect several brokers and data feeds. You can view different broker and data feeds (historical and real-time) for each instrument. You can easily switch your favorite broker without changing your trading and your analysis method, just configuring the connection.
Track portfolios, show charts with technical indicators, monitor time & sales, all in real-time using any one (or several) of the supported data sources. Flexible and fully customizable charting, with all the various chart types, indicators, annotations, and alerts that active traders require. See where your current orders and positions are, create a new order, drag pending orders with a mouse to a new price, see them execute – all from the chart. Detect multiple candle patterns in real-time on charts and incorporate chart pattern detection in real-time scans. A complete set of patterns with various tweaking parameters. A full-featured alert system that includes fully configurable alerts on single symbols, multi-symbol, portfolios, and news. Trendline alerts on charts are also available.
TigerTrade is an innovative software package that combines all the tools that a successful trader needs. A flexible customizable workspace, intuitive interactive visualization of market data, and extensive filtering components are just a small part of what you can get.
Qcaid is an innovative trading platform that allows you to create automated trading strategies without any programming skills. Draw a diagram that represents your trading idea by just dragging and dropping components onto the canvas. You can easily backtest your trading strategy with a few clicks, simulate it in a realistic environment, and upload it to the cloud to be executed automatically through a low latency server.
Barchart Trader utilizes CQG’s market leading gateway for electronic futures trading. Futures trading integration is supported. To configure Barchart Trader with your broker you must request a CQG login for Barchart Trader from your broker. Once you receive this login, go to “Settings” then “Trading Providers” within Barchart Trader. In this section enter the username and password your broker provided and select “Live Trading” to enable your Barchart Trader account with live futures trading.
DTN is the leading supplier of data for the physical cash commodities market. IQFeed delivers real-time, historical, and intraday data for securities market analysis, as well as additional market indicators that many competitive services don’t include.
DTN ProphetX provides reliability, power, and analytics to help you get the most from today’s ever-changing markets. These easy-to-use, complete solutions provide commodity futures traders with an array of innovative productivity features, advanced analytics, and performance enhancements.
FutureSource® is a preferred global market data and analytics platform for market professionals who need to make more informed buying and selling decisions. It incorporates cutting-edge functionality and tools designed to support traders, brokers and analysts with risk management. FutureSource offers global asset class coverage, including stocks, bonds, foreign exchange, energy and commodities. And it is supported by Interactive Data’s state-of-the-art network, which can provide global exchange connectivity and a broad array of content to our clients.
Hidden Force Flux
Hidden Force Flux is a unique platform uncovering order flow events hidden to most traders. The platform tracks and highlights these events in real-time, enabling you to gain an informational advantage that can take your trading to the next level.
Keyboard Trader is the futures trading software system for professional manual traders who want faster execution and better control, all while leveraging their human edge. With an intuitive interface and connectivity to the industry’s most popular, powerful APIs, Keyboard Trader is easy to use and configurable to your own trading style. Program hotkeys to execute the most important commands you use hundreds of times in a trading day. No matter what futures contracts you trade or how you trade them, Keyboard Trader can help you improve your timing edge and capture opportunities before they disappear.
Quick Screen Trading (QST)
QST offers an advanced trading platform for both individual investors and brokers. QST gives you the ability to trade from almost all windows including charts. It incorporates an intuitive left click = buy / right click = sell, single click trading functionality, and advanced account management features with multi-account access. From virtually any screen, you can enter and manage orders and fills. Integrated paper trading allows users to learn to use the interface and practice trading strategies. With the click of a button, users can toggle between paper and live trading.
SmartQuant is a financial software company developing end-to-end algo trading infrastructure for quantitative hedge funds and institutional trading groups.
Gatekeeper connects to a multitude of leading exchange connectivity venues spanning a broad range of asset classes including Crypto, Options, Futures, Equities, ETFs, and Bonds. If you don’t see a liquidity venue offered, you can build out your own exchange connectivity adapters using Gatekeeper API, or you can work with our experienced technology team to build one for you. Gatekeeper is one of the only professional trading platform that has been battle-hardened by professional high-frequency traders for years.
ScalpTool is a trading system specifically designed for traders and scalpers who demand performance and agility in the market. Thanks to its extremly compact DOM, you can insert, modify or delete orders in one window, see you profit and loss in real time, read the tape and lot more things. All the information to follow the market is under control.
StealthPro is a cutting edge, psychology-based Market Perception and Traders’ Sentiment Analysis platform.
StockSharp (shortly S#) – are free programs for trading at any markets of the world (American, European, Asian, Russian, stocks, futures, options, Bitcoins, forex, etc.). You will be able to trade manually or automated trading (algorithmic trading robots, conventional or HFT). Available connections: FIX/FAST, BarChart, CQG, IQFeed, LMAX, MatLab, Rithmic and many other.
Ticker Quant is a software and Services company with a primary focus on providing technology solutions to the buy-side community in proprietary trading houses, hedge funds, and brokerage houses. We provide our clients with trading software for high speed, direct connectivity to world markets that support electronic trading. Their mission is to cost-effectively empower organizations that aim to build quant strategies-driven proprietary trading platforms.
TSLab has been designed specifically for traders. It allows you to create a customized working environment, build, optimize and run trading robots. The TSLab solution builds on flexibility, universal compatibility, and boosting user experience. TSLab covers the majority of scenarios encountered by novice and seasoned traders.
Veritian’s powerful trading platform is designed and built from the ground up to be the best solution for trading technology. The Veritian trading platform, TRADEr, and professional services are built on decades of experience delivering complex enterprise solutions to top-tier financial firms across all realms of the company. Veritian’s TRADEr is an analytical algorithmic trading platform. TRADEr is fully integrated into the Veritian Platform environment that will help analyze, develop and trade. Great technical and analytical skills, combined with strong support, is central to the principals of Veritian and TRADEr is a part. Customers choose Veritian to deliver their complex financial and trading requirements.
Zlantrader is a suite of products for desktop and mobile with features such as trade allocator for brokers, global order book, and auto-spreaders can be easily customized for everyone from institutions to smaller clients that want scalability across markets at a lower cost.
Algo Design Lab
ADL (Algo Design Lab) is a visual programming platform that represents a major breakthrough in algorithmic trading. Using drag-and-drop building blocks, traders and programmers alike can rapidly design, test and deploy automated futures and options trading programs without writing a single line of code.
The platforms you can access through AMP Futures are absolutely loaded with more tools than most traders would ever need access to. I don’t think anyone would get the time to go through and test them all. Regardless of how simple or complex you want your trading strategies to be, you can take advantage of the huge selection of trading tools to develop and test your own manual and automated systems. If there is a trading strategy idea that you can think of, there is a very high chance it can be built within the provided platforms. Therefore, I wouldn’t expect the broker to need to provide traders with any standalone tools.
AMP Futures could be a great choice for beginners as they have lots of educational content including comprehensive trading guides and tutorial videos. Whether you are a new or an advanced trader, they will help you to understand the basics of futures trading so that you have the required skills and knowledge in place to help reach your trading goals. However, some of the platforms are very complex so you will need to make sure that you are prepared to put the time and effort into the learning how to get the most out of them.
Watch short video tutorials on how to use your AMP Trading Platform and get access to live or recorded webinars to learn from the experts in your own time. There are plenty of videos for you to browse through that make complicated subjects easy for everyone to understand.
Learn how to set up, use, and customize your AMP Trading Platform. There is a great selection of handy guides covering everything from the platforms to the basics of how to trade online.
I really like that AMP Futures has a welcoming community where you can find and share trading ideas and solutions with AMP fellow traders around the world. This is not something that you see with many brokers and shows that AMP bring a more personalised approached.
There is a large selection of financial instruments for everyone to create a diversified portfolio, regardless of your interests. AMP Futures offers a fantastic range of over a 100 regulated futures contracts which means that all the popular futures markets can be traded on the following futures exchanges:
- Chicago Mercantile Exchange (CME)
- Chicago Board of Trade (CBOT)
- New York Mercantile Exchange (NYMEX and COMEX)
- Intercontinental Exchange (ICE-US, ICE-UK and ICE-LIFFE)
- European Exchange (EUREX)
- Osaka – Japan (JPX)
- Singapore Exchange (SGX)
- Australian Securities Exchange (ASX)
The AMP Futures account requires a minimum deposit of $100 to open. The account process is all done online but is not as straightforward as some other brokers. There are a few different account types that are based on ownership:
- Individual – account is owned by an individual
- Joint – account is owned by two or more individuals
- Corporate / LLC / Partnership – account is owned by a legal entity
The broker has excellent customer service, with your satisfaction being their top priority. AMP Futures invest heavily in training their support staff to meet client expectations of market and technical knowledge. The broker is committed to creating open and accessible support for all customers. All of the agents are trained to answer your questions about your account and all of the available trading platforms. The tech support and trade desk provide 24-hour assistance via email, phone and live chat. In addition, you will find a several help options available that provide quick and effective access to the information needed.
You can only fund your AMP Futures account using wire transfer, ACH or check. This does mean that you may be waiting around at least a few days for funds to clear. I think they could improve by adding support for some more modern forms of payment such as digital wallets. This would help to speed up to account funding process and be more convenient for some users such as myself. I don’t always want to wait around days for a bank transfer to clear as there may be some market news that I want to quickly try and capitalise on. That being said, I can appreciate the security that bank transfers provide over some other forms of payment.
Overall, I am extremely impressed with many aspects of AMP Futures, primarily the fantastic selection of trading platforms they have for you to choose from. These professional and powerful platforms can meet the demands of retail, professional and institutional traders alike. The broker also has excellent trading conditions and will match or beat other brokers in terms of commission fees. There is a good amount od educational content but I do feel some of the products and features may be slightly overwhelming for the average retail trader. I would also like to see some more payment options but that isn’t really a deal breaker at all. If you already have some experience trading futures and want to trade with one of the best in the business, you can always give AMP Futures a try with the free practice account that they offer to see if they meet your expectations.