AMP Futures

Overview of AMP Futures

AMP Futures is a trading platform offering a variety of services to traders interested in futures and other financial instruments. Founded approximately 2-5 years ago and registered in the United States, AMP Futures provides access to a range of tradable assets, including futures, stock indices, currencies, energies, metals, financials, grains, softs, and meats.

One notable feature is the availability of high leverage, allowing traders to magnify their positions. With leverage of up to 1:1000, traders can potentially maximize their gains, but this also entails higher risk, and it's worth noting that high leverage may not be available in all countries or regions.

Traders will find variable spreads on the platform, and there are multiple payment methods available, including bank transfers, credit/debit cards, and Skrill. It's essential to consider that deposit and withdrawal fees may apply, so traders should review the fee structure carefully.

Is AMP Futures legit or a scam？

AMP Futures is regulated in the United States by the National Futures Association (NFA). They hold a Common Financial Service License with license number 0412490. Their registered address is 221 N. La Salle St, 25th Floor, Chicago, IL 60601, United States. However, there is no provided email address, website, or phone number for the licensed institution in the United States.

Additionally, AMP Futures is regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC) through AMP Global Ltd. Their license number is 360/18, and the effective date of regulation is June 4, 2018. It's important to note that the current status is suspicious clone.

Pros and Cons

Pros:

1. All-in-One Account Type: AMP Futures offers an All-in-One account type, providing convenience and simplicity for traders. This means you can access various trading instruments and features from a single account.

2. High Leverage: AMP Futures provides high leverage, which can amplify potential profits. However, it's important to use leverage wisely, as it also increases the risk of significant losses.

3. Easy to Use: The platform is designed to be user-friendly, making it accessible for both beginners and experienced traders. Its intuitive interface can help traders navigate the markets efficiently.

4. Multiple Payment Methods Available: AMP Futures supports multiple payment methods, including bank transfers, credit/debit cards, and Skrill. This flexibility allows traders to choose the payment option that suits their preferences.

5. 24/5 Live Chat and Email Support: Customer support is available 24/5 through live chat and email. This means you can get assistance with your inquiries or issues during most of the trading week.

Cons:

1. Clone Regulation Status: AMP Futures has a “clone regulation status,” which suggests it may not be regulated by a recognized financial authority. This lack of regulation can raise concerns about the safety and security of traders' funds.

2. Not Available in Some Countries or Regions: The platform may not be available for traders in certain countries or regions. This limitation can restrict access for potential users based on their geographical location.

3. Limited Market Analysis and Insights: AMP Futures may provide limited market analysis and insights. Traders who rely heavily on research and analysis tools may find this platform lacking in terms of comprehensive market information.

4. Deposit and Withdrawal Fees: While multiple payment methods are available, traders should be aware of deposit and withdrawal fees that may apply. These fees can impact the overall cost of trading on the platform.

Market Instruments

AMP Futures provides traders with a diverse selection of trading assets spanning various categories, allowing investors to explore a broad spectrum of trading opportunities.

Micro E-mini Futures: For those looking to trade equity indices with smaller capital requirements, AMP Futures offers Micro E-mini Futures contracts. These include Micro E-mini S&P 500, Micro E-mini Nasdaq-100, Micro E-mini Dow, Micro E-mini Russell 2000, Micro-DAX, and Micro-EURO STOXX 50. These contracts allow traders to participate in the performance of major indices with reduced margin requirements.

Stock Indices: Traders seeking exposure to equity markets can choose from a range of Stock Index futures contracts. This category includes popular contracts like E-mini S&P 500, E-mini Nasdaq-100, E-mini Dow, E-mini Russell 2000, and more. These contracts provide access to the movements of key stock indices, allowing traders to hedge or speculate on market direction.

Currencies: The currency market is a significant asset class, and AMP Futures offers a selection of currency futures contracts. These include major currencies like the Australian Dollar, British Pound, Canadian Dollar, Euro FX, Japanese Yen, and more. Currency futures enable traders to trade exchange rates and hedge against currency risk.

Energies: For those interested in energy commodities, AMP Futures provides access to various energy futures contracts. These include Crude Oil, E-mini Crude Oil, Natural Gas, and more. Energy futures allow traders to participate in the dynamic energy markets, making it possible to profit from price fluctuations in crude oil and natural gas.

Metals: Precious metals have long been a popular choice for traders and investors. AMP Futures offers trading in metals such as Gold, Silver, and Copper. These contracts are valuable for those looking to diversify their portfolios and potentially benefit from the safe-haven appeal of precious metals.

Financials: The financial futures category includes contracts related to interest rates and bonds. Traders can access contracts like Ultra U.S. Treasury Bond, Eurodollar, and 3-Year U.S. Treasury Note. These contracts are relevant for those looking to manage interest rate risk or speculate on changes in bond prices.

Grains: AMP Futures caters to traders interested in agricultural commodities like Corn, Soybeans, and Oats. Trading in grains allows investors to take positions in the agricultural sector, which can be influenced by factors like weather conditions and global demand.

Softs: The Softs category covers soft commodities like Cocoa, Coffee, Cotton, and Sugar. Soft commodities are known for their price sensitivity to factors like weather patterns and supply-demand dynamics. Trading in softs can be appealing to those seeking exposure to the agricultural sector beyond grains.

Meats: For traders interested in livestock markets, AMP Futures offers contracts like Feeder Cattle, Lean Hog, and Live Cattle. These contracts track the prices of livestock, allowing traders to engage in this specific commodity sector.

Account Types

AMP Futures offers a single account type known as the “All-in-One” account. This account type is designed to provide traders with a comprehensive and versatile trading experience. With the All-in-One account, traders have access to a wide range of trading assets across various categories, including futures, stock indices, currencies, energies, metals, financials, grains, softs, and meats. This diversity in trading options allows traders to build a diversified portfolio and explore different markets to suit their trading strategies and preferences.

How to Open an Account？

Opening an account with AMP Futures involves several steps to ensure a smooth process. Here are concrete steps to guide you through opening an account:

Step 1: Visit the AMP Futures Website

• Go to the official AMP Futures website by typing “AMP Futures” in your preferred search engine.

Step 2: Click on “Open an Account”

• On the AMP Futures website, look for the “Open an Account” or similar button, usually located prominently on the homepage.

Step 3: Choose the Account Type

• Select the type of trading account you want to open. AMP Futures may offer various account types, such as individual, joint, or corporate accounts. Choose the one that suits your needs.

Step 4: Complete the Online Application

• Fill out the online account application form with your personal information, including your name, address, date of birth, and contact details.

Step 5: Fund Your Account

• Once your application is approved, you'll need to deposit funds into your trading account. AMP Futures typically accepts various payment methods, including bank transfers and credit/debit cards.

• Ensure you meet the minimum deposit requirement specified by AMP Futures.

Leverage

AMP Futures provides its traders with the option to utilize a maximum leverage of up to 1:1000. Maximum leverage represents the ratio between the trader's invested capital and the total position size they can control. In this case, with a maximum leverage of 1:1000, traders can potentially control a position size that is up to 1000 times the amount of their initial investment.

While high leverage can amplify potential profits, it's important to understand the associated risks. Here are some key points to consider regarding maximum leverage:

1. Amplified Gains and Losses: High leverage allows traders to magnify both profits and losses. While it can lead to significant gains in favorable market conditions, it also increases the risk of substantial losses if the market moves against the trader's position.

2. Risk Management: Traders should exercise caution and implement effective risk management strategies when using high leverage. This includes setting stop-loss orders to limit potential losses and ensuring that the risk exposure is within their risk tolerance.

3. Margin Requirements: High leverage often requires traders to maintain a smaller margin in their trading accounts to control larger positions. It's crucial to monitor margin levels to prevent margin calls or liquidation of positions.

4. Experience and Education: Traders, especially those new to trading, should gain experience and education before using high leverage. Understanding the markets, trading strategies, and the implications of leverage is essential for responsible trading.

5. Trading Plan: Traders should have a well-defined trading plan that includes clear entry and exit strategies, risk management rules, and a risk-reward analysis. This plan helps traders make informed decisions and stick to their trading goals.

6. Market Volatility: Consider the volatility of the asset being traded. Highly volatile markets may require different leverage levels than less volatile ones.

Minimum Deposit:

• The minimum deposit requirement with AMP Futures is $100. This means that you need to deposit at least $100 to open and maintain an account with the broker.

• It's important to note that the minimum deposit can vary depending on the type of account you choose, so it's advisable to check the specific minimum deposit requirement for your selected account type.

Spreads & Commissions

AMP Futures offers a trading environment with variable spreads and competitive commission rates. Here's a detailed description of spreads and commissions with AMP Futures:

1. Variable Spreads:

• AMP Futures provides variable spreads to traders. Variable spreads mean that the difference between the bid (sell) and ask (buy) prices for an instrument can fluctuate based on market conditions.

• In volatile market conditions, spreads may widen, reflecting increased uncertainty and liquidity risks.

• During periods of market stability, spreads typically narrow, resulting in lower trading costs for traders.

• The specific spread for each trading instrument can vary, and traders should refer to the trading platform for real-time spread information.

1. Commissions:

• AMP Futures charges a commission fee per lot traded. The commission structure is typically set at $0.03 per lot, but it's essential to check the latest commission rates on the AMP Futures website or trading platform.

• Commissions are a separate cost from spreads and are applied when traders enter and exit positions.

• The commission structure may vary depending on the type of account and trading instrument.

• Some trading accounts may offer reduced or discounted commission rates based on trading volume or account type.

Trading Platform

AMP Futures offers a vast selection of trading platforms, totaling more than 50 options to cater to various trading preferences. These platforms include:

CQG：

CQG WITH EXCEL SPREADSHEETS

CQG QTRADER

CQG SPREADER

CQG TRADER

CQG API

RITHMIC：

MULTICHARTS (WITH EASYLANGUAGE)

MULTICHARTS SPECIAL EDITION (FREE)

VOLFIX

RITHMIC - R | API+

RITHMIC - R | BASS

TT：

TT PLATFORM

TT - ADL (ALGO DESIGN LAB)

TT API

OPTIONS：

1. QUANTOWER

2. SIERRA CHART

MOBILE (iOS/Android)

1. CQG MOBILE (IOS & ANDROID)

2. TRADE NAVIGATOR

3. METATRADER 5 (MT5)

4. TRADINGVIEW

Each platform offers its unique set of features, functionalities, and trading tools, allowing traders to choose the one that aligns with their specific trading strategies and preferences. It's important to note that the “best” platform can vary from trader to trader, depending on their individual needs and trading styles. AMP Futures provides a comprehensive selection to accommodate this diversity and ensure traders can find a suitable platform for their trading activities.

Deposit & Withdrawal

AMP Futures provides multiple payment methods for deposits and offers flexibility to traders. Here's a description of the payment methods, minimum deposit, and payment processing times:

1. Payment Methods:

• AMP Futures accepts various payment methods to fund your trading account, including:

• Bank Transfer: You can transfer funds from your bank account to your AMP Futures trading account. This method is typically used for larger deposits.

• Credit/Debit Card: Traders can use their credit or debit cards to make deposits. This method offers convenience and is suitable for smaller deposits.

• Skrill: Skrill is an e-wallet payment option that allows for quick and secure transfers to your trading account.

1. Payment Processing Time:

• The processing time for deposits and withdrawals with AMP Futures can vary depending on the payment method used:

• Bank Transfer: Bank transfers may take a few business days to process, depending on your bank and the location of your account.

• Credit/Debit Card: Deposits made via credit or debit cards are typically processed quickly, often within minutes. However, withdrawals to cards may take a bit longer, typically a few business days.

• Skrill: Skrill deposits are usually processed promptly, allowing you to fund your account swiftly.

Customer Support

AMP Futures offers comprehensive customer support to assist traders in their trading journey. Here's a description of their customer support services:

1. Availability:

• AMP Futures provides customer support services that are available 24/5. This means you can reach out to their support team on business days, 24 hours a day, from Monday to Friday. This availability ensures that traders can get assistance when they need it, especially during active trading hours.

1. Communication Channels:

• AMP Futures offers multiple communication channels to facilitate contact with their support team:

• Live Chat: Traders can use the live chat feature on the AMP Futures website to have real-time conversations with support representatives. Live chat is often the quickest way to get answers to questions or resolve issues.

• Email Support: You can also reach out to AMP Futures via email. This method is suitable for non-urgent inquiries or when you prefer a written record of your communication.

Educational Resources

AMP Futures provides a range of educational resources to assist traders in developing their knowledge and skills in futures trading. Here's a description of their educational offerings:

1. Video Library:

• The video library contains a collection of educational videos covering various aspects of futures trading. These videos offer visual explanations and insights.

1. Upcoming Webinars:

• Traders can stay informed about upcoming webinars and events hosted by AMP Futures. Webinars are an excellent way to gain knowledge and interact with experts.

1. Support Forum:

   - AMP Futures offers a support forum where traders can engage in discussions, share insights, and seek answers to their questions. It's a community-driven platform for learning and support.

2. FREE OFFERS:

   - Under the “Free Offers” section, AMP Futures provides a range of free trading tools and resources, including:

   - Free Trading Tools & Offers

   - Learn To Trade Futures

   - Futures Trading Resources

   - Support & Resistance Levels

   - S&P500 Futures Squawk Box

   - Trading Lessons

   - Pivot Point Calculator

   - Futures 101 Booklet

   - Simulated Trading

   - Foreign IB Starter Kit

These free resources and tools are designed to help traders enhance their trading skills, understand market dynamics, and make informed trading decisions. Whether you're a novice or an experienced trader, AMP Futures' educational offerings cater to a wide range of learning needs in the futures trading arena.

Conclusion

AMP Futures presents both advantages and disadvantages for traders. On the positive side, it offers an All-in-One account type, high leverage, user-friendly features, multiple payment options, and responsive 24/5 customer support. However, it faces the drawback of being associated with a clone regulation status, potentially raising concerns about regulatory oversight. Additionally, its availability is limited in certain countries, and it provides limited market analysis and insights. Traders should carefully weigh these pros and cons to determine if AMP Futures aligns with their trading goals and risk tolerance.

FAQs

Q: What is the maximum leverage offered by AMP Futures？

A: AMP Futures offers leverage of up to 1:1000 for traders.

Q: Are there any deposit and withdrawal fees associated with AMP Futures？

A: Yes, there may be fees associated with deposit and withdrawal methods, so it's advisable to check the specific terms and conditions.

Q: Can I access customer support at AMP Futures on weekends？

A: Yes, AMP Futures provides 24/5 customer support, including weekends.

Q: Does AMP Futures offer a demo account for traders to practice？

A: Yes, AMP Futures provides a demo account for traders to practice their strategies without risking real funds.

Q: Is AMP Futures regulated by any financial authority？

A: AMP Futures does not have a regulated status, which some traders may find concerning.

Q: What trading platform does AMP Futures offer？

A: AMP Futures uses the MetaTrader 5 trading platform for its services.