hi sandman, I am also in texas and mirus customer. howdy
I was just talking to my friend and we just read that mirus is offering this month a $500 credit to anyone that transfers in to them, but credit is only for new customers that transfer in before the end of the month. What about us? We are the customer that have been with them and obviously over paying by 25 cents. They should comp us too!!! What do you think?
The following user says Thank You to TXmkrr for this post:
$500? Maybe we should transfer our accounts out & then back in!
But seriously...I'm just glad to have a reliable broker. Somebody I can email or call & actually get an answer, and who won't raise my blood pressure 25 points beyond what it's already raised from the normal vicissitudes of trading the euro futures these days. Life is just too d&mn short.
Is that worth an extra 25 cents? Yeah, and after what I've seen at amp, I'll bend down & kiss their feet, too!
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Thanks Sandman!! I needed that...that is hilarious. I think that is really a great idea!! But on serious note , if mirus does not comp me on monday when i call them..i will be pissed. I really do not like when companies only think about new customers and not the long time ones.
The following user says Thank You to TXmkrr for this post:
Yes, it is. Something has changed in their relationship with customers, even if I still feel their portal the best thing they have. They have become rude, unfriendly, anonimous (everybody reply and sign with their id-number) and impatient too however ... it's better to come back to Mirus and Amp ;-)
Suffice it to say, I'd rather chew on broken glass, wash it down with gasoline & have a match for dessert than trade with amp ever again.
The remainder of my experience with amp, I've listed elsewhere, so I won't repeat it.
My concerns are with lousy customer support.
But I would suggest folks look at the FCM data from the CFTC site & compare the clearing firms available at Mirus (RCG=Rosenthal Collins Group, Dorman) with amp clearing. Amp has perhaps $30 million in customer assets and at most $1 million in excess liquidity. Compare that with RCG. I don't believe a broker would have access to your assets unless they were also doing the clearing, but could be mistaken. Thievery like what happened at MF Global would have to be instigated at Rosenthal Collins, and they state on their front page where client funds are invested updated every month. So the insinuation about prop trading at Mirus is totally off-base. Don't know much about Dorman, but even they seem much better established and capitalized than the sort of clearing Amp forces on you. And I would add, that sort of arrangement with in-house clearing makes them more susceptible to the sort of shenanigans you saw at MF Global. I'm not insinuating they ARE doing that, just stating such a betrayal is more possible in that setting. I mean, I guess it's POSSIBLE Mirus could somehow get RCG to wire your funds from a customer segregated account in RCG's name to a Mirus prop trading firm foreign subsidiary to settle some obligation from their prop trading... in the same sense that it's possible the moon is made of limberger cheese with seas of coca cola. It's just not very likely. The more likely response to such a request would be, "are you insane?" possibly along with a phone call to the fbi.
What does it mean when someone is so concerned about a few cents costing more but would sacrafice any decent support from a broker so they could save those few cents. My past experience with Amp cost me $9600 because they didn't provide ANY support or backup for the mistake. How many trades would I have to make to recover those few cents per trade? As I stated before, I hope they have cleaned up their act, but sure am not going to give them the chance to prove it to me that they have, unless they are willing to re-imburse my $9600 Usually when you pay less, you get less. Being cheaper does not gurantee better service, bad service at cheap prices costs more than paying higher prices and receiving better support.
I agree totally with you TXmkrr, but this happens every day with every different type of business as well, but you should know that regardless of what business today you are involved with, for that almighty dollar, they DON'T care about you and will do whatever they can come up with to increase the profits for THEMSELVES. Any company who offers better deals or services to new customers than they do to the ones who have made them successful in the first place, for me, if they don't offer the same deal to me has just automatically lost a customer. If they don't match, you will know that you don't mean anything to them, so dump them.
My opinion is quite the opposite. The bigger and older clearing firm is safer, particularly when removed from the broker. As I think I've made clear, Mirus' reach into client assets held elsewhere is non-existent, so the insinuation made that they could be involved in an MF Global type scam is just plain silly. Frankly, I don't care if Mirus is involved in prop trading as long as they have no ability to put my assets at risk there. It's just irrelevant propaganda spread by amp. Look at the FCM financial data. That's cold hard data that doesn't lie.
Amp as a clearing firm looks like it's run out of somebody's garage. $30 million in client assets is a bad joke, as is $800K in excess liquidity. You think you know what they're doing with your money? I don't see an explicit statement anywhere concerning the issue. Is it in the bank, t-bills, repos, what? Again contrast that with the explicit statement from the front page of the RCG site. If you want to trade your $1k account at amp, be my guest. If you're trading real money, I think you'd be smart to look elsewhere. Bottom line, just doing the math, is with what Amp is listing as client assets under management, they would have at most say 300 clients my size as their complete client base. This isn't a place where well-capitalized traders are trading. They are tiny.
Yes. That is precisely what I was referring to. Transparency.
Nothing analogous at amp.
The situation at MF Global was a complete lack of transparency, combined with prop trading and in-house clearing. That gave them the incentive and means to do what they did. At least 2 of those 3 conditions exist at Amp. They say they aren't involved in prop trading, but in reality, who knows...
I don't like AMP either but rafiqtrader has got a point, or rather technical points that makes AMP much better offer than Mirus
"technology: AMP = CQG Mirus = zenfire
speed; i need some help with this one
price: amp is cheaper
margins: same
available markets: amp has more
trading back up : not sure what mirus has - AMP has CQG realtime portal
trade desk: never used"
However you both present an argument about MF Global in a very naive way. If you get the last CEO of their futures division to run AMP or RCG then your money will be gone if he decides to do so. No amount of transparency will save your funds from the swindle. If they can get away with the crime they committed without being even put to the court they will be doing it again and again.
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My point is rather simple. With in-house clearing there isn't one additional check before a wire can be sent using your funds to satisfy a corporate obligation. Thus, prop trading at Mirus doesn't worry me. If they cleared their own stuff as Amp does & they did prop trading, very different story. The very ability to carry out an MF Global type theft would be very questionable. For that to happen at Mirus, you'd need two people acting in collusion, one at Mirus, the other at RCG. It's not merely a matter of John calling up Frank & saying, "we need the clients money to save the firm. do the wire.".
Go ahead & use amp. See if I care. Everything I saw as a client & after makes me think they are awful & risky. But hey, what do I know. For 3 months I was running the same trades, same volumes, same instruments and same times at the two brokers. I would suggest to anybody who doesn't accept the results of my experiment, go ahead & reinvent the wheel doing the same with half your account at each. Then decide. You can make these stupid lists about this or that, but until you work them side-by-side, get discourtesy, aggravation, and hypertension at one and angels & harp music at the other, you'll never really know. And look at the FCM financial data on RCG, Dorman, and AMP at the cftc site as well.
I agree that AMP sucks despite some technical points that you discussed. There is a public ignorance about MF Global and their customers probably did not think that could have happened to them - having their money in segregated accounts. 1.6 B is missing and our friend does not know where it went?? Someone had to call someone else to move the money before the public announcement and the call was not about saving the firm. They got their bonuses and the customers went broke. If you feel your funds are safer here but not there - read more about the case and question everything.
Thanks - no need to respond.
I am officially out of there!!! I feel like such a sucker. After i got pissed about them offering to pay new customers $500 credits to transfer in to them, i did a simple google search on all the ninja brokers mention in this forum. all of them cheaper, at least 25 cents cheaper and lower from the very 1st trade. add to it, not on them have inactivity fees.
Mirus-Zenfire - ES $4.22 CL $4.84 and $25 inactivity fee
Optimus-Rithmic- ES $4.00 CL $4.34
Velocity-TT- ES $3.82 CL $4.44
AMP-CQG- ES $3.62 CL $4.24
and for what? Zenfire? the same as rithmic. Zenfire better than TT or CQG. I doubt it...i do not see any professionals talking about zenfire. Zenfire is just another marketing play by mirus...just like the $500 credit to lure newbie traders into over playing for commissions.
Learn from my ignorance, shop around and treat your trading as a real business.
Yes, inactivity fee is ridiculous and hateful even if it's easy to beat at moment, but Zenfire is oriented to ask 40 R/T as a minimum. This will sound very unpopular. If I trade a couple of days in a month I risk to pay this hateful fee. Isn't this an ovetrading encouragement ? I hope that Mirus and Zenfire read this forum ...
They have a maintenance monthly fee 30$ waived if 50+ contracts traded each month or active platform is 'their' X_TRADER®. So, if you use NT you pay 30$ monthly trade or not. If you use X-Trader ES is $4.52 CL is $5.14.
I think this kind of fee, maintenance, inactivity, will become common among discount brokers because it is originated from the data feed vendors (TT and Rithmic)
Rithmic does not charge ANY inactivity fees. I am not sure where you got this info.
They will not provide you ongoing quotes forever if you don't trade but they don't charge for inactivity.
The decision to have inactivity lies within the IB/FCM
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.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
Are you working for Rithmic ? Your words sounds a little bit aggressive. Sorry but I have two margin accounts selftraded and one managed. The two brokers, and they are in the top 50 ... with TT and Zen-Fire, both introduced at the end of 2011 the maintenance/inactivity fee.
I suppose, and I say suppose, that soon all will introduce this fee.
Mirus is transparent and clear. They begun to notify its customers well in advance and then postponed the fee to January 1. In any case, their limits are very low to be overcome. 5 r / t only, nothing if any NT login in the month, it's possible to suspend and reactivate the data feed for long time if you plan to stay out.
I am not working for Rithmic, we are a brokerage and we use them almost exclsuively for our trading applications:NinjaTrader,Multicharts,Sierra,RTrader, etc
If I sounded aggressive, I had no intentions of doing so, neither had I the intentions of criticizing any other brokerage out there. in fact, I never did.
All I was trying to say is that Rithmic or my clearing firm did not (so far) impose any inactivity fee that I had to pass on to my custimer. as for commissions, we are very competitive as well.
I have noticed that if someone does not use Rithmic for a long time then the quotes get discontinued.
They are reactivated upon request after.
I truly wish you well in your trading, and please understand that the only reason I jumped on this thread is to clarify something that we heavily rely upon (Rithmic). It is after all it's own independent feed and platform as well.
Matt
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.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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Each broker had some own reasons for an inactivity fee.
Mirus set it w 5 rt in order to check the client base
AMP set it w 40 rt in order to shake off Zen-fire
It's good to hear that mattz set no inactivity fee.
And it's all about Rithmic
imho
Scientia Libertas Prosperitas
The following user says Thank You to slickiam for this post:
About time truth is coming out! Keep up the good work mattz Lots of great feedback on futures.io (formerly BMT) and now everyone can see that rithmic is the direct source to the exchange - not zenfire. I smell mirus whitelabel
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Moderator Notice
rafiqtrader has been banned. It was a duplicate Amp Trading account. Amp Trading was banned a while back for breaking forum rules and rude behavior (after receiving multiple warnings). This is not the first time Amp Trading has tried to come back, which is a violation of our forum rules which state once you are banned, you are not allowed back on the site. We also do not allow multi-nic or multiple accounts.
His posts in this thread have been removed for self-promotion.
Thanks so much for your interest in Mirus Futures. Neither AMP nor Mirus Futures are market makers; we are brokerage firms. Mirus offers DMA through its technology partner, ZenFire.
Not sure, but I think you're (or your source) is confusing Market Maker with FCM (Futures Commission Merchant), which AMP is. They clear through themselves.
What exactly does this mean?
How does this impact me?
Do the trades still go through the futures exchange ?
If not, is, or should it be, exactly the same price as the exchange ?
What about volume ?
AMP has the worst customer service ever. Good on fees, etc. On several occassions, I only asked a simple question, like "has my wire transfer been completed" The guy was literally yelling and got upset. These guys must trade also. They must be losing a lot of money. I have dealt with some rude reps before, but not like this.
I can imagine folks would find Amp useful if and only if they never had to interact with another human being at the firm. That would mean a trade never goes awry, banking happens flawlessly, and there's never a glitch in their technology. If there is a breakdown in any of those things & you have to interact with somebody there, it'll leave such a foul taste in your mouth you'll immediately run screaming someplace else (anywhere else). And that's a risky state to be in.
I can't see how a firm like amp survives long term (>5 years).
I was trading with for three months.
I suppose that every client is connected to the Exchange. But later if they see that You are not a sucssessfull trader, they disconnect you from the exchange and loosing trades from you, they get the money.
I saw that on exchange the trades are executed very fast. Later if the client is in larger gains, closing is very poor and slow. Similar by forex brokers(market makers).
That is my experience and only my opinion.
I cant assert it 100%, but I felt somehow the difference.
I was using at the samr time two brokers, Infinity besides. Prices is comming from the exchange, they have not to be different. They must be the same if you participate on the same exchange. I traded currency futures only.
So I cant guess wich from this two is the right one.
Mirus, I had only Demo.
They always told: it depends from Internet connection. I did test ping several times, it was from Croatia to Chicago 90 miliseconds.
Internet connection, no question.
I never had a problem with AMP connection or execution unless I was using wifi which is on me...I have dealt with with Dan and tech support team without issue. I learned the hard way that you need a good internet connection or else things get ugly fast but that has nothing to do with AMP...
One time I was disconnected talking to the tech guy and he called back faster than I could dial the number back to him
I left them a couple of months ago but I still get monthly statements over email.
I sent emails a few times to request the account "closed" and nothing happens,,,no reply nor results.
The following user says Thank You to kalalex for this post:
I opened an account with AMP and have transferred money to the account. I am unable to get any details about the funds or any access to a platform. Have not had even one response to the many emails i have sent for the past 3 weeks
I too have had similar problems with them as well. Ironically i COULD NOT get my money out as well. After repeated attempts to email, nothing happened. I think its generally the problem with large brokers. You are just a account number using their service. They are not supplying you one.
I eventually got my money out of AMP, and went to PFG where I had the SAME PROBLEM.
Then I took a chance with OPTIMUS, and haven't been disappointed. Money can be taken out the next day!
+1 on the thought of calling. I like email, too, and I think some feel uncomfortable on the phone with brokers, maybe if they're new to trading, that they don't know how it all works? I don't know, but the thought of sending emails for weeks and not simply calling seems like an odd choice.
I've had the email not acknowledged with AMP, too, but got them on the phone fine. It could be that they have a central email address, not individualized? I don't recall. My infinity broker has been great for email, and he has one dedicated to him. Perhaps that little tweak, of assigning a person a specific broker with an individualized email as soon as they even do a demo account would solve much of these problems. But until then, definitely call on the phone.
Not sure if I should take insult with your comments or not.
I was being serious .
With some brokers you connect to your account via the internet, nominate a amount and do a wire transfer, all yourself no broker interaction required . Funds transferred next day.
My current broker requires paper forms to be filled out and faxed off, a week or two later you may receive a cheque that takes another 3 days to clear.
So I didn't think I had unreasonable questions but thanks for your answers.
Hello people.
From what I read till now I still don't know what the problem exactly is with AMP. Almost everyone is complaining about rudeness of amp's employees.
One said that he has lost 9600$ but show no evidence for a such thing.
I actually can understand why someone can be rude because I have a friend who works in a hosting company and the questions that receives are out of sync at all. I even wonder how someone could asks something so stupid like who is Google(literally).
About closing trades that have never been opened....How this can happen when there are so many regulations ? This is something I would like to know.
Also for what do you want to talk with the broker ? I have never had the need to talk to my broker for anything else than transactions and fees.
I also saw that on sim account some trades has been gone. But gone from where ? And in real account how can you have a trade that later can be gone and not existent ? All orders go to the exchange, so if there is no exchange you couldn't transmit an order, or I am wrong ?
Please explain to me. I know that are many questions but after I read this thread I am stunned and I need to know what is going on here.
I'm not sure if you're still looking for an answer/confirmation to this.
I am with Amp. Usually, if I request today, before noon, I will receive funds in my bank account by the next day. It is all done online, through the customer portal. If they have a question, (ie., drawing from the USD or CAD side of my account, and I have not specified) I will receive a quick phone call or get the question via email.
Note I am in Canada, and there is a 1 hour time difference. I deal with one of the major Canadian banks. I mention this, because it often comes down to internal processes along the chain of events and process owners, involved in the lifespan of a wire transfer: one depends on it to be initiated ASAP from the sender (usually AMP does this by mid-Chicago afternoon). I assume it then instantly or overnight hits my Canadian bank, who I depend on to have someone being in place, on the job, and on the lookout to post it to my end-user bank account. I mention these details, because if a bank doesn't have someone checking for wire transfer completion at the right time of day (or daily), if a intermediary bank is involved that you may or may not know about, and when one factors in time zones (ie., Australia), and any other bank linkages that may or may not be there, there can be hurdles to getting the money this quickly. Yes, Canada is considered international, but I can't judge how quickly one would get a transfer to Europe or farther - I have seen it take longer to those destinations (just bank to bank wires), for reasons I can speculate about. (I think the Amp wire fee is $50 or so ... a bit of a bummer IMO)
And, you can also request a check be mailed, through the customer portal. This has taken 2 weeks for me in the past. There is no charge for a check request.
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With Mirus, there is also an online form to request a wire transfer. When I've done it before 11 AM CST, I've always had the funds back in my bank account same day.
Granted, I'm in the US & have Bank of America, which probably is closer to wherever the center of the fed's wire transfer system is. Still, I find that absolutely amazing.
The following user says Thank You to sandman for this post:
The other day, I had a little problem with a trade not posting to my RCG portal. I emailed Mirus & had a response back within 10 minutes.
After what I saw at Amp, for that I'll kiss their feet, wax their cars,...
Knowing there's somebody on the other end who'll answer expeditiously and won't hang up on you whether it's an email to them, or a frenzied phone call to their trade hotline is priceless.
Don't have that at Amp.
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They have only been an FCM since 2010. Not fair to compare to a firm like Crossland that has been around since 1987, or Dorman that has been around since 1983.
Math. A gateway drug to reality.
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It's good enough for me...maybe people should have to submit proof that they have actually had an account at the broker they happen to be commenting on/bashing
The following user says Thank You to traderjcf for this post:
It shows that you are an advanced trader so find your comments ????. There can be only 3 reasons why someone would take the time to be involved with this blog or any other. One they could be knocking someone because they are a competitor, two, they could be showing favoritism for someone because they are with that organization and thirdly which I hope is the best reason, is that people are geniune with their comments because of what they have experienced what they are writing about or wanting to really know what other peoples experience has been in similiar situations so that they would know how to proceed in the future, is it a one time error or is it a common experience. Read all the blogs and you will see there is common concerns about AMP.
As far as your comment about someone losing $9600, that was me and as far as proving it, am I suppose to post my real account showing my statements to everyone as well with the countless emails that were involved with Amp? Or the times I have tried reaching someone, in particular Dan the owner by phone or emails(and him not returning calls or emails) who knows me from him being my broker with another brokerage firm? All I got was one reply putting blame on someone else and them (Amp Futures) not even bothering to find out what happened. They could have attempted to find out what happened but didn't. Another experience back then (don't know now) but they didn't even have a direct number to the order desk, shouldn't one know something like this before deciding if this is someone you want to deal with?
Anyway GREEDFORSUCCESS, either you believe what I wrote or you don't, and I am NOT a liar. I can prove to you that I lost that money, but I am not spending all that time to dig up all the information just to prove that I am not a liar, pay me for my time and I will give you all that I have about this situation. Am I greedy because I am asking for the money, not me, but with your GREEDFORSUCCESS name, don't know how you will take this information.
Thank you Ilovetotrade for the reply.
My nickname is 4 years old, but don't take it for judgment. I just like how these words sound.
So let's proceed.
You said this:
"is that people are genuine with their comments because of what they have experienced what they are writing about or wanting to really know what other peoples experience has been in similar situations so that they would know how to proceed in the future, is it a one time error or is it a common experience. Read all the blogs and you will see there is common concerns about AMP."
I mean this too. That is why I ask all these questions.
I used to trade Forex and the Forex brokers can be real mean, but when you try to contact them everything is fine and problem is almost always and every time in your pc, in your internet connection and never in them. They are always very kind but the trading and the actual terms are not noticed in the contract when you decide to become their costumer.
For that reason I don't care if broker will not say me Hello. I need good terms of trading, good connection, good prices.
And because amp are regulated by CFTC and NFA I start wondering after I read all these stuff here, why there are so many complaints. And the mainly complaints are about costumer care and not about the trading which is for me the most important thing. I don't want to talk to my broker, I use my broker only to give me access to the exchange.
I read for problems with data providers, disconnections with CQG, Zen, yesterday I read for problems with IQFeed which claim to have "the fastest, most reliable data available. There is no better value than Telvent DTN!"
So as anyone can see problems can be in every provider but for me the last thing to discuss is the kindness of the broker.
And one of the first things is why broker which is regulated by CFTC and NFA can do such thing like you described.
I am not calling you a liar. But I am interesting how this could happen and if it did, did you call CFTC and NFA ? And what they said ?
I have two friends who use AMP and the only thing that was some kind of "not good" was the commissions to one of them because he has agreed to certain commissions but when he start to trade he received other, but that was fixed immediately.
Some people are happy to use AMP as their broker but other are not. And I am trying to see who are they. Because you know that for some people the reason why they lose money is everything somewhere else but in them.
And this is what I am trying to understand. Is the broker real reason for losing which is also very probably or the person himself, which is more probably.
I am in Canada and yes I did contact the NFA and the Securities Division in the US but for a regulatory body to put muscle to their high words is another story, I realized I was wasting my time as the reaction and what they said I needed to do, it sounded to me that I was wasting their time. Here in Alberta, Canada, they would have assisted and helped me to make sure that the problem would have been looked into and solved. Maybe that is the reason that MOST brokerages, we cannot open accounts with in the US, not because Alberta doesn't want them, but because the US brokerage offices dont want to comply with Alberta's strict adherence to good rules. As far as the people in the brokerage offices goes, for me it is MOST important that they have integrity as EVERY one has challenges or problems that arise, so I want to be sure that they are there to fix these challenges. I tried in the Forex markets before, which apparently is not regulated, had an account at Gain Capital. I signed a contract where I was to be charged 5 PIPS for the British Pound and 3 PIPS for the Euro. Within 2 weeks, I was able to spot something was wrong when couldn't understand why my trades were filled but with a 5 & 3 PIP spread that account was losing money when my stops should have prevented it from such losses. After constant inquiries, finally (why they couldn't spot it right away or realize this is wrong) they said I agreed to a 15 & 13 PIP spread commission, unbelievable. They said they had the contract right in their hands, as if someone would agree to that. They faxed me the copy and I faxed them my copy and clearly a person could see it was tampered and put in at their end. As soon as I found out the Forex is not regulated, I stopped, threatened legal action for fraud, they offered me back the overcharged commission and amount lost. I took it but today regret that I didn't proceed with the lawsuit hopefully to stop them from doing it to others. Look at what the Wall Street boys did and not one is sitting behind bars today even though they made billions at the hands of the taxpayers. For me, it is way more important to deal with who are honest, have intergrity and are there for you when you need them. The one thing that Amp was good to me was I had the lowest commissions anywhere I have dealt with, on second thought, the lowest commissions cost me the most when taking the $96oo loss into account. Everyone has to decide for themselves, hopefully with true information not the BS that we are being fed by many today.
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It took me hours with the Tech guy to make a wire out of AMP. I had to fill out the form more than 30 times,in differents browsers and versions. And the guy even told me to reboot my machine! Come on! It was just an HTML form! Don't trust the TI guys at AMP futures anymore.
I had both an AMP and Mirus account. I am no longer with either as I have moved to spot forex. AMP seemed fine. I had a small issue with Ninja. My rep tried to figure out the problem. Made negative comments on my small account size ( he forgot he told me to open a $500 trial account to check them out in the first place--which I did!) and then lost interest in solving the problem. Overall the guy was nice but very salesman like. Their feed seemed fine. When I closed the account I got my check in a few days. A few months latter I was getting call backs from AMP. Mirus had the best customer service. My rep, Rich, was a great guy, down to earth, very helpful, and supportive. When I closed my account I got a check within a few days as well. Rich was very nice about everything. I personally would go with Mirus over AMP based on customer service alone. I am now using TOS with TD Ameritrade for spot forex. I have a love hate relationship with them
Problems filling out a simple wire request? Some of the complaints about AMP may be attributed to general user issues rather than to AMP. I have done many wires at AMP without any problems
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"If there is any question?"
there are no questions!, Mirus over AMP, any day of the week, and twice on weekends!
So many professional traders and sophisticated retail traders use Mirus that the only problem you should have (except for the whiners and children type traders needing a thousand hours hand holding),
the only problem you should have, is in getting through to the same broker when he's handling another account's call.
Peregrine Financial, or whomever was in the news recently, where the 2nd or 3rd in charge took over $228 million customer funds for his own trading purposes.....
DUH...
Corazine's defunct firm that took well over $1 billions customer funds, and created a new verb in the process: "disappeared the funds", according to so many published news stories....
DUH....
We recently received more than one sincerely written letter from the principals of Mirus, and their clearing agents regarding their commitment to vigilance regarding the sanctity of customer funds, and preserving them....
DUH....
so, what matters most?
I think right up there, next to making a profitable trade, is knowing that my balances are and will still be properly and legally segregated and available for my purposes, not others...
Mirus is a broker/dealer, AMP is just a broker, please tell me you know the difference between them?
And Mirus was bought not long ago by a prop trading firm hard eight futures, im not sure if that is such a good thing.
I don't know what on Earth to think of that really, when Goldman Sachs Atlas proprietary risk rating is 82, and RCG is 34. PFG was 37 and Credit Suisse is 69
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Moderator Notice
Just a follow-up note (after the last banned user) -- Amp Futures was banned from futures.io (formerly BMT) a while back because of the way they conducted themselves on the forum. I have evidence of this in server logs. Due to a legal threat from Amp Futures, I won't go into detail here.
Glad to hear the good work on keeping fake accounts from vendors away Big Mike. This is one of few sites that moderate this problem. Fake reviews and anecdotes are all over other sites.
In general sad to hear AMP was doing that. Mirus seems to be getting plenty of business based on their good rep and they don't need to resort to pushy tactics with their customer service. But then it seems the futures retail trading world is that much smaller in finding brokers to trust.
I hope Atlas is just some fake organization with proofless "reports" and "ratings" created out of spite from a competitor. Would hate to see historical firms such as RCG or Dorman go under from caught scandals and ponzis.
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Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
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could you post a link to the regulatory grading agency report that you are referring to, or whatever other source that those rating come from?
it would make interesting reading,
in fact, what we try to do (to add credibility to our claims) is include the link to the article or source we reference, when we make such claims, otherwise they are (such claims) are just opinions....
hey, due diligence requires that us speculators, speculate on facts, not, well, to be polite .....
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
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Posts: 798 since Oct 2009
good job Mike,
Those guys were caught on other sites doing something similar, or were suspected of such,
either way, that's some business model,
where they treat their intended customer base as idiots, incapable of higher rationale thought, and incapable of forming alliances (such as these threads and forums) to protect other traders.... from such abuse.
NYC is filled, as well as Chicago, with desperate losers forming companies and acting in a similar manner....
Just opened an account with Mirus/Dorman, two days of trading so far, so good. Data stream is almost 100% stable, commissions are very low and customer rep is always there to help. I am an overseas client using a legal entity the process of submitting documents was quite cumbersome, but Mirus took time explaining everything, collecting the stuff and passing it on to Dorman, I didnt even talk to anyone from Dorman.
So, no complains. Using free Lite NT version, just ordered license for the full version, and even here Mirus lady is there to help checking in if the guys got the payment from me. Hope they will keep my funds segregated from the hands of dirty crooks.
Profits to all of us!
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I switched from AMP to Mirus clearing through RCG at the beginning of the year and it's been fine so far. Mirus customer service is very responsive and polite. The only issue I have had was when I wired funds to fund the new account, no one seemed to notice until I brought it to their attention. But once I did, they had the new account ready to go in a matter of minutes. Mirus also has good flat rate commissions including unpopular instruments like M6E as well.
Not really related to Mirus, but RCG's websites for statements (Archive/passport) are pretty basic and remind me of websites in 1999, but they do work fine.
I see RCG second to last in this list by Atlas and don't know if its worth being concerned about? Dorman is higher in this magical list, so maybe it would be worth considering switching
I just opened an account with Mirus & Dorman this week. It was an easy online application and they send you an application to transfer funds from current broker to Dorman.
I have had no problems with my current broker, but found some disturbing past information and I felt Zen-Fire is a better date provider.
Looking for a futures broker and wonder whether the ratings from Atlas are valid?
I really like what I read about Matt and his team at Optimus, but Vision Financial is rated #50 by Atlas. That seems to be only marginally better than PFGBest/Peregrine …
Basically, I wouldn't worry about Atlas ratings at all.
The rep was nice, not sure what his name was, haven't had to talk to him since setting up the account.
Had a couple of minor support issues over the 4 years , taken care of by support straight away, very professional and polite.
On two occassions, I had Ninja Trader disconnect problems (non-Mirus related issue). Got through to the order desk immediately to verify positions.
On one occassion, I talked to support at RCG, they handled my request immediately , very courteous and professional.
They said I could use support at Mirus or I could contact them directly.
I have no complaints.
BTW ... the Atlas report ... it's been done to death... one man band trying to raise money for his own account ... in business less than a year... sheesh....
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
Look at, IGOR CHERNOMZAV, CALEB FRYER FISHKIN, hard eight guys, they have 10% or more financial interest in MIRUS FUTURES LLC, not just 7ticks.
They are principal approved for MIRUS FUTURES, so I believe mirus is lying.
But that wouldn't be the first time in my experience I used them for years and they always lie.
however ... it's better to come back to Mirus and Amp ;-)
