Matt Z at Optimus seems to be a standup guy. AMP gives you all the rope needed to hang yourself before they will pronounce you dead! Not that I care about it, AMP liquidation policy is very friendly compared to other brokers. AMP intraday margins are stable, with rare exception. It sucked! Of course, exchange margins change and FCMs are required to adjust accordingly. They wanted and marketed to day traders but then on the first sign of volatility they withdrew the money making opportunity for those day traders. those guys (OEC) changed margins with every blip of volatility. they are stable, with rare exception! I had an account with OEC before AMP. Intraday margins available anytime the market is open (with exception of accounting period between RTH session closing and ATH openings (dependent on instrument)) I have IM'd a few times since with only relatively simple questions and got immediate answers. Sierrachart provides programming capabilities for automation.Ĭustomer service is fast! An english speaking person actually answers the phone or IM chat! Honestly, the only time I needed CS was during setup and all went fine. About 10 years using SC.ĪPI is dependent on which feed you use. If you do not like AMP - what broker would you suggest for an account of around 10,000 to trade MES/ags/softs (options on ags and softs, outrights on MES)? I see Optimus Futures around here but I really do not understand what value they provide over AMP since they clear through them anyway - perhaps we could get Optimus and AMP to get in a fight in this thread DĪbout 5 years with AMP. Is there a FINRA brokercheck equivalent for a futures broker? How can I objectively establish AMP (or a competitor) as safe for my money?ĥ. What hidden fees are there? There are numerous complains on the web about hidden fees/commission structures/etc that aren't discussed relative to their normal discount broker status.Ĥ. If there is an API - is it any good? I don't plan to automate trading but I would like to be able to fire signals for myself using broker data.ģ. I do not trade daily, I tend to trade swings on the weekly and I hold trades for a while (my futures options plays tend to be 3 weeks to a month) and eating the difference on commission and monthly inactivity really eats into my rather small profits (I have a small 10K account I trade with right now - after paying off student loans I can finally focus on dumping money into it to get more capital).ġ. I have an account with IB but I am not a fan of their account inactivity fee. Worse - they do not offer relief on exchange listed spreads.
They offer (at least to me) absolutely no relief for day trades (which I do infrequently) and their overnight/spread margin is the absolute maximum allowed. You might wonder why I would want to move away from TDA? The margining for futures and futures options is NUTS.
I was considering moving the cash I have stored in TDA over to AMP to try out their platform because they have a fairly good integration with tradingview. On their website/around the web there are considerable mixed reviews. Just curious what people who are on AMP think about it.
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