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AMP Futures / AMP Global Review

  #521 (permalink)
 kremat0r 
Prague, Czechia
 
Experience: Intermediate
Posts: 69 since Jan 2019
Thanks Given: 12
Thanks Received: 58

Hi futures.io.

I have big problem with withdrawal in AMP, long story short if I won't get my money till this Friday, I will issue a claim to CTFC and SEC.

I submit two withdrawals, one gets released at 6.07.2020 second at 7.07.2020, both of them did not come to my bank account till today.

In meantime something happen and my money goes back to my AMP account but with lower amount ( some money disappear?) around 600eur less.
Bank account everything was exactly same like I deposit, numbers ok etc.

Of course I spend twice 30$ for withdrawal process.

My advice. If you want to focus ON TRADING, not on your broker process, do not choose AMP

I can proof everything by screenshots if someone is interested.

Thnaks

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  #522 (permalink)
 
Scalpguy's Avatar
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES, CL
Posts: 206 since Jul 2010
Thanks Given: 17
Thanks Received: 166


slagzone View Post
It's not the commission calculator, that works fine. It's the daily report you get after you are done trading. The commission calculator quoted me .78 per trade per contract for MES and on my daily report I was charged $2.75 per trade per contract.

This is what I said. When I check my commissions by the calculator it matches the reports and account.

It takes nothing to be a Pig
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  #523 (permalink)
 Obelixtrader 
Slovakia
 
Experience: Intermediate
Platform: Ninjatrader 8
Broker: Interactive Brokers,Tastytrade,Birdwingo
Trading: K200M,KOSDQ150,US stock option
Posts: 220 since Aug 2009
Thanks Given: 116
Thanks Received: 109



kremat0r View Post
Hi futures.io.

I have big problem with withdrawal in AMP, long story short if I won't get my money till this Friday, I will issue a claim to CTFC.

I submit two withdrawals, one gets released at 6.07.2020 second at 7.07.2020, both of them did not come to my bank account till today.

In meantime something happen and my money goes back to my AMP account but with lower amount ( some money disappear?) around 600eur less.
Bank account everything was exactly same like I deposit, numbers ok etc.

Of course I spend twice 30$ for withdrawal process.

My advice. If you want to focus ON TRADING, not on your broker process, do not choose AMP

I can proof everything by screenshots if someone is interested.

Thnaks

Hi,
still no money on your bank account?
If you withdraw money (USD) 6.7.2020 it may take 1 max 3 working days.

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  #524 (permalink)
 
Scalpguy's Avatar
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES, CL
Posts: 206 since Jul 2010
Thanks Given: 17
Thanks Received: 166


Dasani View Post
I could be wrong, but I remember AMP as only having about 144 accounts which seems really low of course.

I don't remember where I read this number (it was an article somewhere in the cyber space) but if you think AMP is full of retail traders and average retail trader account size is for example 5k then their 66M segregated assets gives you something about that level. Several thousand accounts in anyway.

It takes nothing to be a Pig
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  #525 (permalink)
 kremat0r 
Prague, Czechia
 
Experience: Intermediate
Posts: 69 since Jan 2019
Thanks Given: 12
Thanks Received: 58

Still no money.

No it's EUR, so they are sending from London bank to my bank. In Europe SEPA payments takes maximum 24h, so even if we take 48h it's already to late.

Biggest problem is where disappear my 600EUR and let's wait how they will treat it. Because I already paid for withdrawal, if they will charge me one more time, then they will see real claim



and one more problem all traders knows if you have even small thing disturbing in your head like this, you can loose a lot of money trading without clear minds.
So I'm struggling with them from Tuesday.

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  #526 (permalink)
 
Scalpguy's Avatar
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES, CL
Posts: 206 since Jul 2010
Thanks Given: 17
Thanks Received: 166


kremat0r View Post
Hi futures.io.

I have big problem with withdrawal in AMP, long story short if I won't get my money till this Friday, I will issue a claim to CTFC and SEC.

I submit two withdrawals, one gets released at 6.07.2020 second at 7.07.2020, both of them did not come to my bank account till today.

So you should receive the funds today and tomorrow if you're located in US.


kremat0r View Post
In meantime something happen and my money goes back to my AMP account but with lower amount ( some money disappear?) around 600eur less.
Bank account everything was exactly same like I deposit, numbers ok etc.

If there is an error I am sure they will compensate it for you.

When the issue is resolved please come back and tell us what it was all about.

I have been many times in the situation where I have found some error in their statements and transfers but every time the error has been me. I have understood things wrong or done something wrong so...

It takes nothing to be a Pig
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  #527 (permalink)
 kremat0r 
Prague, Czechia
 
Experience: Intermediate
Posts: 69 since Jan 2019
Thanks Given: 12
Thanks Received: 58


Scalpguy View Post

When the issue is resolved please come back and tell us what it was all about.

I have been many times in the situation where I have found some error in their statements and transfers but every time the error has been me. I have understood things wrong or done something wrong so...

Yes I will post how it ends.


Scalpguy View Post
So you should receive the funds today and tomorrow if you're located in US.

I wont get it because payment goes back to my AMP account and I get email that I deposit some money which of course didn't happen So in best case I will wait for my money more than a week. Im located in Europe.


In last month I had one problem with statement and now this story with withdrawal in short history with AMP. This thing never happen in IB, where I trade looooonger, never... other story.

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  #528 (permalink)
 
Scalpguy's Avatar
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES, CL
Posts: 206 since Jul 2010
Thanks Given: 17
Thanks Received: 166


kremat0r View Post
Yes I will post how it ends.



I wont get it because payment goes back to my AMP account and I get email that I deposit some money which of course didn't happen So in best case I will wait for my money more than a week. Im located in Europe.


In last month I had one problem with statement and now this story with withdrawal in short history with AMP. This thing never happen in IB, where I trade looooonger, never... other story.

Oh I see. In my case the normal withdrawal time has been 4-6 days. Im located here in Europe too

It takes nothing to be a Pig
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  #529 (permalink)
 kremat0r 
Prague, Czechia
 
Experience: Intermediate
Posts: 69 since Jan 2019
Thanks Given: 12
Thanks Received: 58

Really, only thing good in AMP is margin level, but for me I don't need it, I only choose them because of "free" Trading Technologies routing of orders.

Customer support is below zero, they are sending me still only a hyperlink to go somewhere and sometimes I cannot even describe my case, because customer representative will disconnect faster, before I will describe in details my case.

I will choose them only if I will have 1k USD to trade to use their margins, nothing else. I cannot imagine how stress I will be if amount was bigger, but it won't be, after this I won't put there even a single dollar.

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  #530 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,441
Thanks Received: 3,791


@kremat0r I am happy to report that AMP was able to process your payment manually and you should receive your funds.

AMP processed your account the same day you requested the withdrawal, however, bank to bank communication error resulted in the initial error.
AMP was also kind in not charging you the wire fee again despite the fact that they made no error.

We process daily withdrawals with AMP, and all occur the same day. Optimus responded to your email the same day you wrote to us, and AMP was able to engage and help.

I wish you all the best in your trading career.

Thank you,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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