AMP is an FCM, the clearing fees and the commission fees goes in the same pockets.
I assume they can remove what they call commission fees and increase what they call the clearing fees.
As all their usual fees are not available on their web site, hard to say if it make sense to blindly spend $1000...
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You dont offer a subscription service unless you are going to make money of it. what this tells me is they are targeting a specific group of traders. My assumption is they are targeting day traders and intermediate term traders. Long term traders would never take this offer.
Lets make this easy and say there is 5 dollar round trip commission. That would be 200 total round trip trades before AMP starts losing money. So, why would they offer it to these two groups?
They probably have analysis which shows day traders blow up their accounts before making it to 200 trades
intermediate term traders who hold multiple days are unlikely to make more than one trade a day. Keep in mind there are roughly 250 trading days in a year.
IMO this is not a good deal unless you are a seasoned veteran who is trading multiple instruments and knows how to trade.
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