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AMP Futures / AMP Global Review
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AMP Futures / AMP Global Review

  #191 (permalink)
Elite Member
Hannibal, Mo, USA
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: AMP/CQG
Favorite Futures: NQ, YM, TF, NG, CL
 
Posts: 23 since Jan 2012
Thanks: 30 given, 56 received

Satisfied with AMP/NT/CQG but saddened by lawsuit

For what it is worth, I have had a small account with AMP for over two years. I had an account with Howard Lender at DEEP DISCOUNT TRADING, whom I like and think is tops as a broker, but due to my personal internet issues, I needed server side orders to protect my little account in case I lost connectivity for a while. Unfortunately, I just couldn't make it work thru Howard. So, I moved my funds to my account at AMP. In making the move, Dan Culp talked with me, gave me his word on RT charges and well over a year later I have noticed no change except for the small bump from CME which was not AMP's fault.

CQG seems fine. Good data, good historical data, fine executions with normal slippage with market orders in the rush. Daily email statements when trades are made, monthly always. I wish the data portal was better regarding statement details and live trade clearing, but that is not a big deal to me. I really like Ninja Trader as a platform. I like not being on a performance treadmill. If i need to work on my strategies I don't have minimums to worry about if I don't live trade for a while. AMP provides a great data source with CQG for how I trade.

I hate this law suit! It really sickens me. But I don't know all the facts and can not fully understand what motivates it. We live in a fallen world.

For my part, I fear God too much to take advantage of anyone or try to extract money unjustly from people thru the court system. Better to work things out peacefully, privately and equitably. The real price tag for refusing to do so is too big as I understand it. Jesus said "Mt 12:36 I tell you, on the day of judgment people will give account for every careless word they speak". For my part, I have spoken lots of careless words. Those are the least of my concerns. I thank God for sending His Son to be the Savior of sinners like me. This world is not worth fighting over to me and I long for the promised day when the LORD sets all things right. Then "the meek (strength under control) shall inherit the earth" (Matthew 5:5; Psalm 37:11; Isa. 11:4).

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  #192 (permalink)
Elite Member
San Francisco CA USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 2 since Dec 2011
Thanks: 6 given, 1 received

Dysfunctional :(

Don't believe it productive to permit the details of spleen-venting by vendors or members.

And frankly, want no involvement in this dispute; just want tomorrow like it was yesterday.

Found a trader paradise at futures.io (formerly BMT). Have been a fan of Big Mike for what he started and has been able to nurture when so many others have failed. Believe my journey would have been much more painful without futures.io (formerly BMT), Gomi, Zondor, Fat Tails and so many others.

Have been a happy AMP client for over two years. Dan enabled me to get started with my little stash, Ninja, CQG, reliable infrastructure and good customer support.


Simplistic view perhaps, but I want them both.

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  #193 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
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Posts: 1,589 since Sep 2010
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BubbaZohn View Post
Don't believe it productive to permit the details of spleen-venting by vendors or members.

And frankly, want no involvement in this dispute; just want tomorrow like it was yesterday.

Found a trader paradise at futures.io (formerly BMT). Have been a fan of Big Mike for what he started and has been able to nurture when so many others have failed. Believe my journey would have been much more painful without futures.io (formerly BMT), Gomi, Zondor, Fat Tails and so many others.

Have been a happy AMP client for over two years. Dan enabled me to get started with my little stash, Ninja, CQG, reliable infrastructure and good customer support.


Simplistic view perhaps, but I want them both.


We are on the same page, baby.

Simply a sad set of circumstances.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #194 (permalink)
Elite Member
The Woodlands,Texas
 
Futures Experience: Intermediate
Platform: Ninja Trader, Trade Navigator
Broker/Data: AMP, CQG
Favorite Futures: Futures
 
jcvmw's Avatar
 
Posts: 13 since Dec 2012
Thanks: 1 given, 2 received


bobwest View Post
Completely agree. The issues between futures.io (formerly BMT) and AMP are in the courts and will be settled there. I am on the futures.io (formerly BMT) side, but that is not of any relevance to the court case, and no one is going to ask me about it in court.

It's better if this thread stays on-topic, which is how AMP is providing brokerage service to traders with experience with it.

Bob.

Well its there but its not. Its been brought to the open by this forum and I see no rebuttal just asking for money.??

I think what I see lowers the ideals I had for this forum and the one hypocrite that operates it!! I was suspended once from here because my son got on here and posted a link to what was termed by Big Mike as "pirated movies". I got on to my son and tried to explain to Big Mike with no recourse or understanding how a teenager can and will do stuff like this, but "Big Mike" has performed, what I would call a more dire and illegal activity, from what I see posted here and that's all we got. I am leaving this forum but I wanted to share my view before I did would come back if someone with integrity was COO.

Thanks very much,
JCW I'd rather be
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  #195 (permalink)
Elite Member
Tucson
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL, TF
 
Posts: 89 since Jan 2011
Thanks: 102 given, 41 received

Amp "Attitude"

Futures Edge on FIO
I cannot believe that these guys are taking this action against Big Mike. Big Mike provides a forum where all of us little guys can compare notes and get ideas help make us better traders. Better traders will help all brokerage houses. I dont know who is right or wrong about the software guy vs Amp and who is getting paid. We are all able to speak our mind and take responsibility for that. I applaud Big Mike for allowing everyone to say what is on their mind without censorship. If someone breaks the few rules of the site, they are exlcuded from the party. I have nothing but respect for Big Mike and I appreciate what he has provided for all of us.

When Zenfire blew up in December, I started the process of moving one of my accounts to AMP. I heard nothing from them for 2 weeks after submitting my paperwork. Another broker got me up in a few days on my other account, with excellent communications. So I cancelled the AMP account application and moved it to the responsive broker. Then an AMP guy called me and basically told me how stupid I was for not staying with AMP. He was actually yelling on the phone. If they were the last broker standing, I would stop trading futures before I opened an account with them. There was nothing that I liked about their customer service and this finalized my opinion of that company.



kalalex View Post
This is solely based on my experience.

One word. They suck.

First they overcharged commission than what they agreed and it took more than 2 weeks to refund that $2.
It took too many phone calls and emails to get my $2 back.

Talking about phone calls. They proudly announced that they have dedicated trading desk line. Half the time I called the line
it just doesn't connect. I can't know if it's the problem with phone line itself or understaff problem.

Talking about understaff,,,I read here on futures.io (formerly BMT) that Dan, owner of AMP, talked down on Optimus of small staff. I don't know how he trains his staffs but it was never pleasant to talk to any of them. I don't know if they realize that they work in financial SERVICE industry. The way I see it those 3 or 4 employees at Optimus do way better job than how many they have at AMP.

Now this really pisses me off.
They started charging extra fee for CQG recently.
The contract I signed when I opened the account might give them the right to charge any extra they want without my consent but I think it's a common courtesy to at least notify customers.

So for me AMP's is -5 on 1 to 10 scale.

PS: Mike, if this posting is out of line of your forum policy you can delete, lock, or what ever you have to do to maintain your forum.


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  #196 (permalink)
Elite Member
Atlanta, GA
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: es
 
Posts: 29 since Feb 2012
Thanks: 32 given, 13 received

about dropping AMP


Saroj View Post
How about you all write Dan Culp (head of AMP) about how much you value futures.io (formerly BMT) and how much, as clients, you would appreciate it if they would drop their lawsuit against futures.io (formerly BMT). That might defuse the situation and save a lot of hassle and expense for Mike. I'm afraid if you drop AMP in protest it will just ramp up Culp's anger.

I agree somewhat in that I think dropping a service partner over such a matter may be precipitous. On the other hand, I don't much care about Culp's temper.

For me the bottom line is this: I have had good experience with AMP, and highly value futures.io (formerly BMT). I intend to write Culp, tell him that I do think his suit frivolous, and let him know that if he continues to prosecute it, doing so will prove to me the worst, not the best about AMP, likely causing me to cancel my business there. Cancelling in the context of, but not at all because of futures.io (formerly BMT) and Mike.

I hope reasoned people of like mind might consider doing the same. I also think that both Mike and Dan should tell the lawyers to back off and the two of them find a quiet place to literally sit down with one another and work the matter out. It just doesn't seem that complicated to me after having read the entire thread and the prior interactions between the two.

My Dad, uneducated but sage, said the two most important rules of a good relationship are these:
- always strive to be the first to apologize, and
- never go to bed mad.

C'mon, guys. Hasn't enough time been wasted, and too much good will spilled?

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  #197 (permalink)
Elite Member
Colorado Springs, CO USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Amp Futures. CQG
Favorite Futures: Futures
 
Joseph Connors's Avatar
 
Posts: 34 since Jul 2012
Thanks: 10 given, 9 received


podowitz View Post
I agree somewhat in that I think dropping a service partner over such a matter may be precipitous. On the other hand, I don't much care about Culp's temper.

For me the bottom line is this: I have had good experience with AMP, and highly value futures.io (formerly BMT). I intend to write Culp, tell him that I do think his suit frivolous, and let him know that if he continues to prosecute it, doing so will prove to me the worst, not the best about AMP, likely causing me to cancel my business there. Cancelling in the context of, but not at all because of futures.io (formerly BMT) and Mike.

I hope reasoned people of like mind might consider doing the same. I also think that both Mike and Dan should tell the lawyers to back off and the two of them find a quiet place to literally sit down with one another and work the matter out. It just doesn't seem that complicated to me after having read the entire thread and the prior interactions between the two.

My Dad, uneducated but sage, said the two most important rules of a good relationship are these:
- always strive to be the first to apologize, and
- never go to bed mad.

C'mon, guys. Hasn't enough time been wasted, and too much good will spilled?

I agree entirely!

PS: Your Dad is a very smart man!

Persistence! Nothing in the world can take the place of persistence.
Talent will not ... nothing is more common than unsuccessful men with talent.
Genius will not ... Unrewarded genius is almost a proverb.
Education will not ... The world is full of educated derelicts.
Persistence and determination alone are omnipotent!
Calvin Coolidge
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  #198 (permalink)
ribs
Philadelphia
 
Futures Experience: None
Platform: sc
Favorite Futures: time
 
Itchymoku's Avatar
 
Posts: 2,833 since Apr 2012
Thanks: 1,636 given, 3,452 received

If had to choose another broker I wouldn't go back to amp partly out of respect for the forum, but also because suing a forum after the thread in question is removed is just overkill even if they did lose customers. It's like suing youtube for the comments people leave on your video. There are many other brokers out there it just takes a simple internet search for broker comparisons.


Last edited by Itchymoku; April 15th, 2014 at 11:40 AM.
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  #199 (permalink)
Elite Member
Hong Kong
 
Futures Experience: Beginner
Platform: Jforex, MetaTrader4, NinjaTrader, MultiCharts, Sierra Chart
Favorite Futures: TF, NG, CL, GC, FDAX, FGBL
 
Posts: 38 since May 2013
Thanks: 37 given, 34 received

My experience with AMP

I've been with AMP futures since December of 2013, and I haven't been very happy with their service.

It seems to me that they would take as little time as possible to read and reply my emails. It's not uncommon for them to fully or partially ignore my questions/requests in the email. Most recent example would be my request to cancel "additional user subscription" ($10/month); they ignored my request the first time, when I found out a week later they still hasn't cancel my subscription, I emailed them again, then they finally cancelled it. As usual, they give no apology, and I have to pay the extra 1 week of subscription fee! Fortunately it's only a few dollars, but this is just one of the many times when I feel disrespected by AMP futures.

In contrast, whenever I emailed Mirus, DeepDiscountTrading, or Ninjatrader, they always reply my email very quickly and address my questions/requests thoroughly. (DeepDiscountTrading has absolutely the best service I've ever experienced in my life. If it wasn't because of their higher commission and the conflicts I had with Crossland, I would never leave DeepDiscountTrading!!)

The only reason why I'm still with AMP is due to their Ninjatrader+CQG data, and their low commission. (I live in Asia, and CQG data feed from Singapore is faster and more stable than others that I've tried.)

I sincerely hope AMP futures would spend some time reviewing how other top-service firms do business, otherwise I'd certainly switch broker as soon as I've found a decent alternative.

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  #200 (permalink)
Elite Member
Russia, St.Petersburg
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: AMP/Rithmic
Favorite Futures: Futures
 
Jonson's Avatar
 
Posts: 242 since Jan 2011
Thanks: 209 given, 108 received



Righteous7 View Post
I've been with AMP futures since December of 2013, and I haven't been very happy with their service.

It seems to me that they would take as little time as possible to read and reply my emails. It's not uncommon for them to fully or partially ignore my questions/requests in the email. Most recent example would be my request to cancel "additional user subscription" ($10/month); they ignored my request the first time, when I found out a week later they still hasn't cancel my subscription, I emailed them again, then they finally cancelled it. As usual, they give no apology, and I have to pay the extra 1 week of subscription fee! Fortunately it's only a few dollars, but this is just one of the many times when I feel disrespected by AMP futures.

In contrast, whenever I emailed Mirus, DeepDiscountTrading, or Ninjatrader, they always reply my email very quickly and address my questions/requests thoroughly. (DeepDiscountTrading has absolutely the best service I've ever experienced in my life. If it wasn't because of their higher commission and the conflicts I had with Crossland, I would never leave DeepDiscountTrading!!)

The only reason why I'm still with AMP is due to their Ninjatrader+CQG data, and their low commission. (I live in Asia, and CQG data feed from Singapore is faster and more stable than others that I've tried.)

I sincerely hope AMP futures would spend some time reviewing how other top-service firms do business, otherwise I'd certainly switch broker as soon as I've found a decent alternative.

hey
try use a rithmic platform and connect gateway to Singapore

* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
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