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Software Comparison » AMP Futures Review

AMP Futures Review 2024: In-Depth Broker Services and Features Overview

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AMP Futures
Favicon
Rating follows
Minimum Deposit
-
Contract Fee
-
Deposit Protection
-
Demo Account Available
No
-
ACH
Wire Transfer
Cheque
T&Cs apply, 18+
Details
Payment Methods

Navigating the complex terrain of online trading requires a reliable partner, and AMP Futures stands out with its robust offerings and regulatory compliance. This AMP Futures review explores the platform’s features, providing traders with a comprehensive guide to its services.

With a decade of experience under its belt, AMP Futures has carved a niche in the competitive world of futures trading. Regulated by both the NFA and CFTC in the USA, and CySEC in Europe, it offers a secure environment for traders.This review examines the platform’s usability, mobile app functionality, varying trading platforms, and additional features.

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AMP Futures: Pros & Cons
  • Free Simulated Account
  • Competitive Commissions
  • Extensive Platform Selection
  • Educational Resources
  • Regulated and Secure
  • Overwhelming Choices
  • No Cryptocurrency Trading
Payment Methods
ACH
Wire Transfer
Cheque
License
NFA - National Futures Association (USA)
Company
AMP GLOBAL CLEARING LLC
Website
ampfutures.com
Available Languages
EN
Customer Support
Live Chat, Phone, Email Support
Phone
18005601640
Overall Rating
Rating follows
  • Usability, Look & Feel
    3.6/5
  • Payment Methods
    3.9/5
  • Customer Service
    3.6/5
Payment Provider Safety
ACH high
Wire Transfer high
Cheque medium
Last Updated on April 16, 2024

Trading Platform - Tailored to Every Trader's Needs

In my AMP Futures review, I experienced their trading platform offerings, which are both diverse and tailored to meet the demands of traders from all walks of life. The functionality of their platforms is impressive, providing users with a variety of tools that are essential for effective trading.

I noticed that AMP Futures doesn’t settle for a one-size-fits-all approach. Instead, they offer over 50 different trading platforms, including the widely acclaimed MetaTrader 5 and the CQG Web Trader. This variety allows traders to select the platform that best fits their trading style and needs. Whether you’re a technical trader in need of advanced charting tools or a beginner looking for a straightforward interface, AMP Futures has a platform for you.

Ease of use is a standout feature across all AMP Futures platforms. I found that navigating through the platforms was intuitive, with features and tools being easily accessible. The availability of trading tools is extensive, with everything from real-time streaming data to advanced analytical tools, ensuring that traders have the resources they need to make informed decisions.

However, with such a wide array of platforms, some traders might feel overwhelmed by the choices. It’s important to note that while this variety is a strength, it may require some time investment to select and familiarize oneself with the optimal platform.

Unique features that enhance the trading experience include the simulated trading account, which is a valuable tool for beginners to practice without risk, and the depth of market functionality, which is crucial for more experienced traders looking to gauge market liquidity.

Is AMP Futures safe and legit when it comes to their trading platforms? Absolutely. My AMP Futures rating and test of their platforms confirm that they are reliable and secure. While conducting my review, I found no evidence of an AMP Futures scam, and their platforms are equipped with the necessary security measures to protect traders’ data.

Comparing AMP Futures to other brokers with what I discovered in my eToro review and VT Markets review, I can say that AMP Futures holds its own with a strong emphasis on providing a suitable platform for every trader. Whether you’re looking for a comprehensive trading environment or a simple interface, AMP Futures’ platforms are designed to enhance your trading experience.

AMP Futures
3.8/5
AMP Futures Futures
T&Cs apply, 18+
-
AMP Futures Highlights
  • Regulatory compliance
  • Free simulated account, $50,000 test balance
  • Competitive commissions, extensive platform selection

Trading Mobile App - Seamless Trading on the Go

During my AMP Futures review, I experienced their mobile trading capabilities firsthand. I found that the AMP Futures mobile app is a robust tool for traders who require flexibility and the ability to trade on the move. The app is well-designed, with a user-friendly interface that makes navigation straightforward, even for those who are new to mobile trading.

One of the key features I appreciated in the AMP Futures mobile app is the comprehensive set of trading tools it offers. Traders have access to real-time quotes, charting capabilities, and order management, which are essential for making informed decisions quickly. Moreover, the app supports various order types, which is crucial for executing complex trading strategies from the palm of your hand.

I noticed that AMP Futures has made sure that its mobile platform is available for both iOS and Android users, ensuring broad accessibility. The functionality of the app is impressive, with the ability to monitor positions, view account balances, and analyze market data seamlessly. For traders who prefer MetaTrader 5, the fact that AMP Futures offers the MT5 mobile app is a definite plus, as it is a familiar and powerful platform for many.

However, as with any mobile app, there are limitations. While the mobile experience is comprehensive, the smaller screen size of mobile devices compared to desktops can be a challenge for some users, especially when dealing with complex charts and detailed analysis. Nevertheless, for traders who value the convenience of mobile trading, these are minor trade-offs.

In comparison to other brokers I examined in my Kraken review and Capital.com review, the AMP Futures mobile app holds up well. Each of these platforms has its own strengths, but AMP Futures stands out with its array of tools and commitment to mobile trading excellence. Is AMP Futures safe and legit for mobile trading? Absolutely. There’s no indication of an AMP Futures scam, and the app’s functionality reinforces the positive AMP Futures rating and test results I’ve seen. Overall, the AMP Futures mobile app is a solid choice for traders who need to keep their finger on the pulse of the markets, no matter where they are.

Trading Bank Accounts - Simplifying Financial Transactions

In my review of AMP Futures, I noticed that the integration of bank accounts with the trading platform is a streamlined process designed with the user in mind. The ability to link bank accounts directly to the trading platform is a feature that I found to be both convenient and efficient, enhancing the overall trading experience.

AMP Futures supports a variety of bank account types, including checking and savings accounts, for wire or SEPA transfers. I found that linking a bank account is straightforward, requiring users to provide standard banking information to facilitate the transfer of funds. The process is secured with industry-standard encryption, ensuring that personal and financial information remains protected.

The platform’s integration allows for quick and easy deposits, with wire transfers typically taking 2-5 business days to process. This is a reasonable timeframe, considering the security checks and verifications involved. I appreciated the absence of deposit fees for incoming wires, checks, and ACH transfers, which is a testament to AMP Futures’ commitment to providing cost-effective trading solutions.

However, I did notice that bank transfer may incur an intermediary fee of $10–$20, which is not charged by AMP but by correspondent banks. While this is not uncommon, it is something traders should be aware of when planning their financial transactions.

From a reviewer’s perspective, the ability to manage financial transactions directly through the trading platform is a significant advantage. It simplifies the workflow and allows traders to focus more on their trading strategies rather than the mechanics of fund transfers. In comparison to other brokers I’ve investigated such as in my Capital.com review and Kraken review, AMP Futures holds its own with a user-friendly and secure banking integration.

Overall, my AMP Futures review concludes that the bank account integration at AMP Futures is safe and legit, enhancing the platform’s usability and trader satisfaction. There is no indication of an AMP Futures scam, and the straightforward banking process aligns well with the positive AMP Futures rating and test results I’ve encountered.

ACH
Wire Transfer
Cheque

Trading Regulation & Deposit Insurance - Ensuring Trader Security

In my review of AMP Futures, I delved into their regulatory framework and deposit insurance mechanisms, which are pivotal in assessing the platform’s reliability. I found that AMP Futures adheres to a stringent regulatory environment, being regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) in the USA, and by the Cyprus Securities and Exchange Commission (CySEC) in Europe. These regulatory bodies are renowned for their strict oversight and ensure that AMP Futures operates with the highest standards of financial integrity and transparency.

The significance of such regulation cannot be understated; it instills confidence in traders, knowing that they are dealing with a broker that is under constant scrutiny from reputable authorities. Moreover, the requirement for segregated accounts ensures that client funds are kept separate from the company’s operating funds, providing an additional layer of security.

I also noticed that AMP Futures is a member of the Investor Compensation Fund (ICF) set up by the Central Bank of Cyprus and CySEC. This membership is crucial as it offers an added layer of protection, with coverage up to €20,000 per client, safeguarding against the unlikely event of the broker’s insolvency. While the ICF does not cover institutional or professional investors, the protection it affords to retail clients is a testament to AMP Futures’ commitment to trader security.

In my experience, the presence of such robust regulatory oversight and deposit insurance mechanisms is a clear indicator of a platform’s trustworthiness. It reassures me, as a reviewer, that AMP Futures is safe and legit, and stands as a bulwark against any concerns of an AMP Futures scam. When comparing AMP Futures’ rating and test against the results in other broker reviews like in a Kraken review or VT Markets review, the platform’s regulatory compliance and deposit insurance measures are commendable and contribute significantly to a positive AMP Futures review.

NFA - National Futures Association (USA)
CySEC - Cyprus Securities and Exchange Commission

Trading Additional Features - Improving Your Trading Experience

I was thoroughly impressed by the additional features that go beyond standard trading functionalities. These features are not just add-ons, but integral components that enhance the overall trading experience, catering to the diverse needs of traders.

One standout feature I experienced is the advanced charting tools available on platforms like MetaTrader 5. These tools are incredibly detailed, offering a plethora of indicators and graphical objects that help in conducting thorough technical analysis. For traders who rely on technical insights, these tools are invaluable for identifying trends and making informed decisions.

Moreover, AMP Futures provides a wealth of educational resources that I found beneficial, especially for novice traders. The availability of webinars, trading guides, and a comprehensive FAQ section ensures that traders have a solid foundation to build upon. This commitment to education is a testament to AMP Futures’ dedication to their clients’ success.

Another aspect I noticed is the variety of trading platforms offered by AMP Futures. With over 50 platforms to choose from, traders can select the one that best fits their trading style and preferences. This versatility is a significant advantage, as it allows for a more personalized trading experience.

In summary, the additional features provided by AMP Futures contribute significantly to a more versatile and user-friendly platform. These features not only support traders in their decision-making process but also demonstrate AMP Futures’ commitment to providing a superior trading environment. Whether you’re a seasoned trader or just starting, AMP Futures seems to have the tools and resources to support your trading experience.

FAQs for AMP Futures

🔒 How does AMP Futures ensure the safety of my funds?

I found that AMP Futures takes the security of client funds very seriously. They are regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) in the USA, as well as by the Cyprus Securities and Exchange Commission (CySEC) in Europe. This regulatory compliance mandates that client funds are held in segregated accounts with top-tier banks, separate from the company’s operating funds. Additionally, AMP Futures is a member of the Investor Compensation Fund (ICF), offering coverage up to €20,000 for retail clients, which further enhances the safety of your investment.

🌐 Can I trade on AMP Futures from my mobile device?

Absolutely. During my AMP Futures review, I experienced their mobile trading capabilities and found them to be robust and convenient. The AMP Futures mobile app is available for both iOS and Android devices, providing a seamless trading experience on the go. It offers real-time quotes, charting capabilities, and order management. For MetaTrader 5 enthusiasts, AMP Futures also supports the MT5 mobile app, ensuring you have access to a powerful trading platform from your smartphone or tablet.

📈 What types of trading platforms does AMP Futures offer?

I noticed that AMP Futures offers an impressive selection of over 50 third-party trading platforms, catering to a variety of trading preferences. This includes the widely-used MetaTrader 5 and CQG Web Trader, among others. Each platform comes with its own set of tools and functionalities, such as advanced charting, market depth, and algorithmic trading capabilities. The diversity of platforms ensures that you can find one that aligns with your trading style and expertise level.

🎓 Does AMP Futures provide educational resources for traders?

Yes, AMP Futures provides a wealth of educational resources that I found to be extremely beneficial, especially for new traders. The platform offers webinars, trading guides, and a detailed FAQ section. Additionally, they provide a free simulated trading account with a $50,000 test balance, which is an excellent way for beginners to practice trading strategies and get accustomed to the market without any financial risk.

💰 What are the minimum deposit and fees for trading with AMP Futures?

I experienced that the minimum deposit required to start trading with AMP Futures is $100. They also offer a transparent fee structure with no hidden costs. For instance, there are no fees for incoming wires, checks, or ACH transfers. However, there may be intermediary fees for wire transfers, and the platform charges a $30 fee for wire withdrawals. It’s worth noting that AMP Futures is known for its ultra-cheap commissions and super-low margins, which can be quite advantageous for traders.

My Verdict - AMP Futures Delivers a Comprehensive Trading Experience

In my role as a reviewer, I’ve explored numerous trading platforms, and my AMP Futures review has led me to conclude that this broker is an excellent choice for traders who seek a comprehensive and customizable trading experience. Throughout my review, I found that AMP Futures provides an extensive range of platforms, educational resources, and customer support that cater to both novice and seasoned traders.

I experienced first-hand the high level of usability and functionality that AMP Futures offers. The commitment to providing over 50 trading platforms, including MetaTrader 5, allows for a tailored trading experience that can accommodate any trading style. The educational resources and simulated trading account are particularly beneficial for new traders, providing a solid foundation to build upon and practice without risk.

When considering the question, “Is AMP Futures safe and legit?” my research and experience affirm that it is. The stringent regulatory oversight by the NFA, CFTC, and CySEC, along with the deposit insurance provided by the ICF, instill a sense of security and trust. There is no indication of an AMP Futures scam, and the positive AMP Futures rating and test reviews I’ve come across reinforce the broker’s reliability.

In conclusion, AMP Futures stands out as a broker that provides a well-rounded and secure trading environment. The platform’s dedication to enhancing the user experience through continuous improvement and support makes it a worthy consideration for anyone interested in futures trading.

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