AMP Futures and Mirus (NinjaTrader Brokerage as of June 30 2014), which one is better - futures io
futures io



AMP Futures and Mirus (NinjaTrader Brokerage as of June 30 2014), which one is better


Discussion in Brokers

Updated
      Top Posters
    1. looks_one Big Mike with 35 posts (58 thanks)
    2. looks_two kronie with 19 posts (1 thanks)
    3. looks_3 AMP Trading with 16 posts (7 thanks)
    4. looks_4 sandman with 13 posts (8 thanks)
      Best Posters
    1. looks_one scalpingticks with 9 thanks per post
    2. looks_two sysot1t with 8.3 thanks per post
    3. looks_3 SimpleSimon with 1.8 thanks per post
    4. looks_4 Big Mike with 1.7 thanks per post
    1. trending_up 163,227 views
    2. thumb_up 276 thanks given
    3. group 105 followers
    1. forum 378 posts
    2. attach_file 7 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

AMP Futures and Mirus (NinjaTrader Brokerage as of June 30 2014), which one is better

(login for full post details)
  #1 (permalink)
 owen 
CT
 
Experience: Beginner
Platform: NinjaTrader, TradeStation
 
Posts: 13 since Aug 2009
Thanks: 0 given, 6 received

AMP and Mirus, which one is better

Started this thread Reply With Quote
The following user says Thank You to owen for this post:

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(96 thanks from 15 posts)
looks_twoSalao's Journalby Salao
(32 thanks from 7 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(26 thanks from 10 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(13 thanks from 8 posts)
looks_5Maybe a little bit different journalby Malykubo
(9 thanks from 7 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Would You Sell Your System?
71 thanks
The Crude Dude Oil Trading System
39 thanks
Big Mike in Ecuador
36 thanks
futures io site changelog and issues/problem reporting
27 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
23 thanks
 
(login for full post details)
  #3 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received


I just switched from Amp to Mirus after over a year, Mirus has better margins and commissions.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #4 (permalink)
 lolu 
Lagos, Nigeria
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
 
lolu's Avatar
 
Posts: 2,502 since Jun 2009
Thanks: 1,029 given, 1,664 received


Big Mike View Post
I just switched from Amp to Mirus after over a year, Mirus has better margins and commissions.

Mike

Mike,

The account opening documentations with Mirus are all either RCG's or Dorman Trading's; so Mirus is a kinda IB to RCG and Dorman Trading. Did you consider opening your account directly with either RCG or Dorman ? What advantages (or disadvantages) do I have if I open an account directly with RCG or Dorman Trading
?

Lolu

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to lolu for this post:
 
(login for full post details)
  #5 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received

Lolu, I look forward to you doing extensive research and reporting back everything you find.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #6 (permalink)
 lolu 
Lagos, Nigeria
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
 
lolu's Avatar
 
Posts: 2,502 since Jun 2009
Thanks: 1,029 given, 1,664 received


Big Mike View Post
Lolu, I look forward to you doing extensive research and reporting back everything you find.

Mike

Mike,

I'm in the process of opening a live account and I'm considering Mirus. On Mirus website the account opening process reveals RCG and Dorman. I later confirmed that RCG and Dorman are brokers too; in addition, they are clearing houses. These are all I know and need to know. However, I need advice from somebody like you (if you can give me) on the options I now know.

Lolu

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to lolu for this post:
 
(login for full post details)
  #7 (permalink)
 mohsin4you 
Brampton,ONtario
 
Experience: Advanced
Platform: ninja trader
Broker: Mirus Futures/Zen-Fire
Trading: TF Russell 2000
 
mohsin4you's Avatar
 
Posts: 9 since Sep 2009
Thanks: 1 given, 1 received

AMP is better

Reply With Quote
The following user says Thank You to mohsin4you for this post:
 
(login for full post details)
  #8 (permalink)
 bigtrader 
Houston, Texas
 
Experience: Advanced
Platform: Ninjatrader, IB
Broker: Amp Futures/ Zen Fire
Trading: ES and NQ
 
Posts: 12 since Jan 2010
Thanks: 13 given, 12 received

I new to AMP futures, but I can say given experience, AMP futures along with Zenfire is far better than what I precviously had. I've had future accounts with Interactive brokers, Tradestation, Thinkorswim(margins too high), and Lightspeed Trading. Now Lightspeed by far has been the fastest in my experience out of the brokers I've tried before up until now Zenfire is just a slight faster. Interactive Brokers has nice round trip commissions, also Lightspeed but Interactive Brokers interface was too slow and sometimes locked up. I've never used Mirus, but if I had to choose based on reviews I like AMP futures and Lightspeed Trading.

Follow me on Twitter Reply With Quote
The following 4 users say Thank You to bigtrader for this post:
 
(login for full post details)
  #9 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received

Yes but we're comparing Amp and Mirus.

They are practically twins. Both have Zen Fire and Dorman. The real difference is in the margins and commissions.

I've found the margins and commissions of Mirus to be better than Amp.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #10 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009



owen View Post
AMP and Mirus, which one is better

having gone through the same evaluation process, and after having accounts with TS/IB/MBT/TOS for trading futures, and a few others for options/currency/equities; here are my two cents...

AMP has somewhat better customer service as the account mgrs are very familiar with NJT and are more than willing to help you with any issues with the platform. They were very outgoing with me when I was evaluating them. Their commissions for futures are equal to TS, better than TOS and most out there, and $400 margin. I was quoted $4.80 RT for TF; however, if you use the TT feed, then your rate is lower, but it means giving up Zen-fire.

MIRUS, if I am not mistaken, they are zen-fire, so AMP is using them I would say. Their comissions are better, $4.40 ES/YM/NQ, $4.00 TF, $5.02 CL/GC and it goes lower depending on your volume. Their margin is $500 per car. Their customer service is good, not going above and beyond and not sure if very familiar with NJT; but I would also say that it would depend on your account manager. I have interacted little with my acct mgr and I have been the one initiating contact to get a few things done that I needed to get done.

They both clear through Dorman, in addition to RCG(Mirus) and AMP clears through someone else that I dont remember right now. It took about a day to open an account with Mirus. I do have to say that Mirus was lower than IB for TF unbundled commissions as well. However, I have not found anyone who can beat IB margin rates for equities/options, but now I digress.

You get an NJT license for both that wont have ATM or Strategies, but you get pretty much everything else.

NinjaTrader Live Trading Demo & Charting. Zen-Fire Data for NinjaTrader. Futures Broker Online.

The main issue I had with either one of them was the difficulty to get funds in or out of the account. I have to wire funds around for everything, no ACH; and to transfer funds between accounts in-house, I have to call or email the account rep.

I do miss the ability to ACH and transfer funds between my accounts with all the other brokers (TS/MBT/IB/TOS). I would say that is the major drawback.

I hope that helps.

Reply With Quote
 
(login for full post details)
  #11 (permalink)
 owen 
CT
 
Experience: Beginner
Platform: NinjaTrader, TradeStation
 
Posts: 13 since Aug 2009
Thanks: 0 given, 6 received

Dorman or Rosenthal Collins Group which one is better for Mirus clearing firm? Account manager recommend Rosenthal Collins Group, but he did not give the reason.

Started this thread Reply With Quote
The following user says Thank You to owen for this post:
 
(login for full post details)
  #12 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009


owen View Post
Dorman or Rosenthal Collins Group which one is better for Mirus clearing firm? Account manager recommend Rosenthal Collins Group, but he did not give the reason.

I would say that is a personal decision given we all have different criteria as to whom we consider safe to hold our money... I base mine on how well capitalized the FCM is, the amount of funds of other people at hand, and what facilities they provide for reporting and dealing with year end taxes.

You can find info on capitalization from the CFTC...

Financial Data for FCMs

and I have taken the liberty of attaching a comparison of the FCM's I track ... and lastly, always check the complaints and fines against them, but keep in mind to view them objectively.

I hope that helps on your decision making.

Attached Thumbnails
Click image for larger version

Name:	fcm cmp.png
Views:	948
Size:	69.1 KB
ID:	8447  
Reply With Quote
 
(login for full post details)
  #13 (permalink)
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,206 given, 4,337 received

I have been with Mirus/RCG for a year. I have no complaints. The few times I called Tech Support , they were very helpful and answered the phones rather quickly. I have had no problems with RCG.

I talked to RCG and Dorman about opening an account directly with them, before I signed up with Mirus, but got the feeling I was too small to fit their customer profile . I am a small volume discretionary trader.

I talked to AMP at the same time I talked to Mirus. Mirus was lower cost and better margins.

Hope this is of some help.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
The following 4 users say Thank You to ThatManFromTexas for this post:
 
(login for full post details)
  #14 (permalink)
MoreYummy
Toronto/Ontario
 
 
Posts: 33 since Mar 2010
Thanks: 0 given, 5 received

AMP and Mirus both have same 2 lvls of ninjatrader, but only the paid one has chart and OCO?

Reply With Quote
The following user says Thank You to MoreYummy for this post:
 
(login for full post details)
  #15 (permalink)
 dbw451 
Atlanta, GA
 
Experience: Advanced
Platform: NinjaTrader
Broker: IF/IB & IQFeed
Trading: ES
 
Posts: 4 since Feb 2010
Thanks: 0 given, 1 received

It's my understanding that the broker provided free NinjaTrader "lite" does not include the Advanced Trade Management (ATM) functionality. This means it does not automatically place OCO target and stop orders upon a trade entry. It does however have all charting functionality including chart trader.

Reply With Quote
The following user says Thank You to dbw451 for this post:
 
(login for full post details)
  #16 (permalink)
 Haverchuck 
California
 
Experience: Intermediate
Platform: NT
Trading: Index Futures
 
Haverchuck's Avatar
 
Posts: 111 since Jul 2009
Thanks: 85 given, 88 received


owen View Post
Dorman or Rosenthal Collins Group which one is better for Mirus clearing firm? Account manager recommend Rosenthal Collins Group, but he did not give the reason.

RCG updates your account info in near real-time. So after you make a trade through them, you can log in to your online account to confirm your trade within a few minutes. With Dorman, you generally have to wait until midnite EST to confirm your trade details. Since I'm a little on the obsessive compulsive side, I switched from Dorman to RCG just for this reason.

Reply With Quote
The following 5 users say Thank You to Haverchuck for this post:
 
(login for full post details)
  #17 (permalink)
MoreYummy
Toronto/Ontario
 
 
Posts: 33 since Mar 2010
Thanks: 0 given, 5 received


dbw451 View Post
It's my understanding that the broker provided free NinjaTrader "lite" does not include the Advanced Trade Management (ATM) functionality. This means it does not automatically place OCO target and stop orders upon a trade entry. It does however have all charting functionality including chart trader.

There is no chart on lite, it is just a DOM trading software. no ATM, no OCO. just plain order entry system, even profit, stop loss have to enter manually.

Reply With Quote
The following 2 users say Thank You to MoreYummy for this post:
 
(login for full post details)
  #18 (permalink)
 Haverchuck 
California
 
Experience: Intermediate
Platform: NT
Trading: Index Futures
 
Haverchuck's Avatar
 
Posts: 111 since Jul 2009
Thanks: 85 given, 88 received


MoreYummy View Post
There is no chart on lite

Are you saying there are no charts in the lite version or no "chart trader"? It seems like they would provide charts since even the free version has them. Thanks.

Reply With Quote
The following user says Thank You to Haverchuck for this post:
 
(login for full post details)
  #19 (permalink)
 meyer99 
Charlotte NC
 
Experience: Advanced
Platform: Charts:TOS, execution:TOS
Broker: TOS
Trading: SPX, RUT. TQQQ, Stocks, /YM
 
Posts: 234 since Jul 2009
Thanks: 98 given, 122 received

This comparison is 2 years old but should help, I hope.

Attached Files
Register to download File Type: xls BrokerComparison1-1.xls (76.0 KB, 525 views)
Reply With Quote
The following 6 users say Thank You to meyer99 for this post:
 
(login for full post details)
  #20 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009


meyer99 View Post
This comparison is 2 years old but should help, I hope.

Your AMP prices are not for ZenFire which is more.

Reply With Quote
 
(login for full post details)
  #21 (permalink)
 Treggs 
Working on my LCD tan
 
Experience: Advanced
Platform: NinjaTrader
 
Posts: 127 since Jun 2009
Thanks: 25 given, 51 received

I am in the process of looking at a Zenfire setup with Ninja. I am currently using Pats through an Australian broker and after some speed comparisons, I am definitely switching. Question is, AMP or Mirus. From the research I have done, they appear to have similar commissions. For people that have used both, could you please give me an idea of any differences between the two brokers? I am also interested in customer support. Since I am in Australia I need good quality 24 hour email and phone support.


Also, do I need to change my NT license to Zenfire myself or do Zenfire brokers provide a license?


Thanks in advance.

Reply With Quote
 
(login for full post details)
  #22 (permalink)
 Treggs 
Working on my LCD tan
 
Experience: Advanced
Platform: NinjaTrader
 
Posts: 127 since Jun 2009
Thanks: 25 given, 51 received

I have figured out the licensing question. I will need to get a licence from NT direct as I want ATM enabled. Just tried the live provided licence from Mirus and ATM is disabled.

Reply With Quote
 
(login for full post details)
  #23 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received

I've used both Amp and Mirus. I'd choose Mirus again.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #24 (permalink)
 Treggs 
Working on my LCD tan
 
Experience: Advanced
Platform: NinjaTrader
 
Posts: 127 since Jun 2009
Thanks: 25 given, 51 received

Thanks Mike. Could you elaborate on your experience with both? I am also waiting on commision quotes from both companies so if you could fill me in on the commission rates you received from both I would be grateful.

I will be trading ES, CL, GC, and various forex futures like EURUSD and AUDUSD.

Reply With Quote
 
(login for full post details)
  #25 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received

From memory:

Amp
CL: margin = 2000, negotiated down to 1000, commission = 6.90 r/t

Mirus
CL: margin = 1000, commission = 5.02 r/t

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #26 (permalink)
 Treggs 
Working on my LCD tan
 
Experience: Advanced
Platform: NinjaTrader
 
Posts: 127 since Jun 2009
Thanks: 25 given, 51 received

Cheers Mike,

Mirus application filled out. Hopefully up and running early next week. I haven't traded the local market much of late and ZenFire doesn't have it so look out Europe and the US

The speed comparisons I did were night and day between Pats and Zenfire. Obviously a bunch of filtering happening on the Pats feed. Depth update was much slower too.

Do people find the history data provided by Zenfire adequate or should I be looking at other sources?

Reply With Quote
 
(login for full post details)
  #27 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received

If you use NinjaTrader, then Zen Fire historical data comes from NT itself and is very good. In fact, it is excellent. With NT7 the continuous contracts work as they should, so NT7+Zen Fire is a nice combination.

If you don't use NinjaTrader, there is no such thing as backfill for Zen Fire. Well, MultiCharts has three days. If you do a lot of backtesting, you'll want NT7 not NT 6.5 for the continuous contract features.

Personally, I use IQFeed with MultiCharts. I have Zen Fire in MultiCharts, too, but everything is just easier with IQFeed.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #28 (permalink)
 Treggs 
Working on my LCD tan
 
Experience: Advanced
Platform: NinjaTrader
 
Posts: 127 since Jun 2009
Thanks: 25 given, 51 received

Yep, I'm using NT6.5. I'm also an NT7 beta tester (from the start) so I agree NT7 + zenfire looks attractive and one of the reasons I'm giving it a try. Doesn't hurt to use the feed that the majority use either. Pats wasn't exactly supportive of NT since they have their own platforms and wanted to charge me for the privilege.

If I've read everything correctly the only fees I should be paying for NT+Zenfire setup through Mirus should be an NT license (because I want ATM) and brokerage? If I have that right then that's a big difference to my bottom line in terms of monthly fees.

As a side note, for the way I use NT, I have found the latest beta (NT7B14) quite stable. I'm almost tempted to use it as my main platform but discipline is making me stick with NT6.5 until full release.

Reply With Quote
 
(login for full post details)
  #29 (permalink)
 Treggs 
Working on my LCD tan
 
Experience: Advanced
Platform: NinjaTrader
 
Posts: 127 since Jun 2009
Thanks: 25 given, 51 received

Just wanted to post and say thanks for the info. I'm all go with NT and mirus. Good experience so far.

Reply With Quote
The following 2 users say Thank You to Treggs for this post:
 
(login for full post details)
  #30 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009

Has NT7 solved the COBC=False integrity issue for backtesting?

Reply With Quote
 
(login for full post details)
  #31 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received


Zoethecus View Post
Has NT7 solved the COBC=False integrity issue for backtesting?

No, you need two dataseries (ie: 1 tick or 1 range, 1 minute, whatever is "good enough" for you) plus the desired dataseries, then submit all orders to the smaller time frame. But that is really off topic for this thread.

Even then, things are not perfect because with COBC false Close[1] is needed to get the close of prior bar after FirstTickOfBar, whereas it would require different code for the multiple dataseries work-around for backtesting.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #32 (permalink)
 syxforex 
British Columbia
 
Experience: Advanced
Platform: NINJA
Broker: ZEN
Trading: Crude
 
Posts: 1,091 since May 2010

Thanks again for the info Mike. I'm thinking I will try Mirus because it sounds like their 24hour service is quite good. I have been in contact with a Dorman rep by email. He quoted me the same the margins. I'm wondering if there is a customer service advantage of dealing with Mirus in the middle?


Big Mike View Post
Yes but we're comparing Amp and Mirus.

They are practically twins. Both have Zen Fire and Dorman. The real difference is in the margins and commissions.

I've found the margins and commissions of Mirus to be better than Amp.

Mike


Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #33 (permalink)
 syxforex 
British Columbia
 
Experience: Advanced
Platform: NINJA
Broker: ZEN
Trading: Crude
 
Posts: 1,091 since May 2010

Hi Mike, sorry for the barrage of questions and also for hijacking the AMP/MIRUS discussion forum, but you have brought up something I'm trying to figure out.

I've been using MT4 up until now. The platform doesn't offer tick charting so I had been using an indicator program to record the ticks coming from the broker. The problem was as soon as I shut down my pc, often not by choice as where I live the power regularly goes out, when getting back online after some period of time there was no way to get the missing data as the MT4 brokers don't provide tick data. With NT7 on Zen trading CME products, if I was offline for an hour or two, say, upon rebooting would I be able to download the tick data from NT7 immediately and continue trading or is there a long process in getting the backfill?

Many Thanks again for the great site!


Big Mike View Post
If you use NinjaTrader, then Zen Fire historical data comes from NT itself and is very good. In fact, it is excellent. With NT7 the continuous contracts work as they should, so NT7+Zen Fire is a nice combination.

If you don't use NinjaTrader, there is no such thing as backfill for Zen Fire. Well, MultiCharts has three days. If you do a lot of backtesting, you'll want NT7 not NT 6.5 for the continuous contract features.

Personally, I use IQFeed with MultiCharts. I have Zen Fire in MultiCharts, too, but everything is just easier with IQFeed.

Mike


Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #34 (permalink)
 sam028 
Site Moderator
 
 
sam028's Avatar
 
Posts: 3,671 since Jun 2009
Thanks: 3,789 given, 4,505 received


syxforex View Post
Hi Mike, sorry for the barrage of questions and also for hijacking the AMP/MIRUS discussion forum, but you have brought up something I'm trying to figure out.

I've been using MT4 up until now. The platform doesn't offer tick charting so I had been using an indicator program to record the ticks coming from the broker. The problem was as soon as I shut down my pc, often not by choice as where I live the power regularly goes out, when getting back online after some period of time there was no way to get the missing data as the MT4 brokers don't provide tick data. With NT7 on Zen trading CME products, if I was offline for an hour or two, say, upon rebooting would I be able to download the tick data from NT7 immediately and continue trading or is there a long process in getting the backfill?

Many Thanks again for the great site!

Yes, it's possible, the historical ticks are stored on Ninja servers (AFAIK...), so you can have the correct tick based chart, and process of reloading is quite fast.

But is it serious to trade regular power issues ?
That's another question...

Success requires no deodorant! (Sun Tzu)
Follow me on Twitter Reply With Quote
The following user says Thank You to sam028 for this post:
 
(login for full post details)
  #35 (permalink)
 syxforex 
British Columbia
 
Experience: Advanced
Platform: NINJA
Broker: ZEN
Trading: Crude
 
Posts: 1,091 since May 2010

Thanks a lot for the info Sam028. The power, yes the power, I'm out in the country right now, quite rural and open. We get a lot of thunder and lightning this time of year as we go into summer. The thunder and lightning comes quick out here and can knock out power for a minute or a few hours at least once per week from now till end of summer, the local hydro company is weak weak weak, but there is generally ample warning. And sometimes I just like the sound of shutting down the PC That's great to hear that it's a quick fix to get the charts up and ready. Thanks a lot for the info!


sam028 View Post
Yes, it's possible, the historical ticks are stored on Ninja servers (AFAIK...), so you can have the correct tick based chart, and process of reloading is quite fast.

But is it serious to trade regular power issues ?
That's another question...


Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #36 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received

Sam is quite right, NinjaTrader themselves maintain the historical data server for Zen Fire. If you use a platform other than NT and still use Zen Fire, you won't have this feature. Zen Fire goes hand in hand with NinjaTrader, it's a "must" really if you trade futures. Now you may also wish to add IQFeed to that if you need accurate bid/ask or if you trade stocks.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #37 (permalink)
 FR5050 
virginia
 
Experience: Intermediate
Platform: Ninjatrader
 
Posts: 36 since Jun 2009
Thanks: 3 given, 35 received

Hello Big Mike:

This is just a suggestion:

Since we have almost 5000 members on the futures.io (formerly BMT) forum now, maybe you can shoot an email to Mirus and IQfeed and ask them for special discount on commissions or maybe some other privilage for the futures.io (formerly BMT) members or if you want just for the Elite members!


What do you think?

Reply With Quote
 
(login for full post details)
  #38 (permalink)
 FR5050 
virginia
 
Experience: Intermediate
Platform: Ninjatrader
 
Posts: 36 since Jun 2009
Thanks: 3 given, 35 received

One more Idea:

Maybe at least you can select a broker at Mirus and all futures.io (formerly BMT) members deal with him/her. This way we get the best service given the amount of business that we will give to that broker from futures.io (formerly BMT).

Reply With Quote
 
(login for full post details)
  #39 (permalink)
 syxforex 
British Columbia
 
Experience: Advanced
Platform: NINJA
Broker: ZEN
Trading: Crude
 
Posts: 1,091 since May 2010

That's quite excellent. I spoke with a rep at Mirus but the Dorman guy got back to me quicker so I'll run the demo with Dorman if they can provide a demo of NT7 on ZF, still waiting to hear about that as the generic demo is still 6.5.

I can't wait to get into that historical data, though I am cautiously optimistic regarding so many stability issues I've been reading about, but supposing that goes with the territory, I'm ready for the periodic crash. It will be worth all the awesome functionality that it promises. Can't wait to get it running! I learned technical analysis on MT4 and once I got into tick charting it just couldn't do the computing I was asking it to do. I'm really looking forward to expanding my horizons beyond the Euro and doing some charting in CL and the Dow. CL looks like it has some really nice flowing cycles, can't wait to start playing around with the charts!


Big Mike View Post
Sam is quite right, NinjaTrader themselves maintain the historical data server for Zen Fire. If you use a platform other than NT and still use Zen Fire, you won't have this feature. Zen Fire goes hand in hand with NinjaTrader, it's a "must" really if you trade futures. Now you may also wish to add IQFeed to that if you need accurate bid/ask or if you trade stocks.

Mike


Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #40 (permalink)
 Treggs 
Working on my LCD tan
 
Experience: Advanced
Platform: NinjaTrader
 
Posts: 127 since Jun 2009
Thanks: 25 given, 51 received


Haverchuck View Post
RCG updates your account info in near real-time. So after you make a trade through them, you can log in to your online account to confirm your trade within a few minutes. With Dorman, you generally have to wait until midnite EST to confirm your trade details. Since I'm a little on the obsessive compulsive side, I switched from Dorman to RCG just for this reason.

I also just switched from Dorman to RCG. The RCG web login was a nice extra but I discovered you can't trade the FTSE futures through Dorman. My orders got rejected using Dorman.

Reply With Quote
 
(login for full post details)
  #41 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received

FR5050, I have some special deals to announce as part of our 1-year anniversary coming up in June. I'll be sharing more details in the coming weeks. We'll start with that, and then go from there.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #42 (permalink)
forker
Boston MA
 
 
Posts: 43 since Nov 2010
Thanks: 22 given, 10 received


Big Mike View Post
FR5050, I have some special deals to announce as part of our 1-year anniversary coming up in June. I'll be sharing more details in the coming weeks. We'll start with that, and then go from there.

Mike

Did anything come of FR5050's idea for a futures.io (formerly BMT) member's rate at Mirus?

forker

Reply With Quote
 
(login for full post details)
  #43 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received

Not that I know of, except for the prizes given away. Best to contact Mirus and let then know you are coming from futures.io (formerly BMT) and want their best rate.

Please follow up after in this thread.

Sent via tapatalk on my DROID X

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #44 (permalink)
forker
Boston MA
 
 
Posts: 43 since Nov 2010
Thanks: 22 given, 10 received

Wow, that was a fast response! Thanks.

I'm already at Mirus, and saw this thread, so was hoping for some good news. I'm paying $4.40 RT on ES, and was hoping to get sub $4. Do just 100 turns a month, and it really adds up!

Forker

Reply With Quote
 
(login for full post details)
  #45 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received


forker View Post
Wow, that was a fast response! Thanks.

I'm already at Mirus, and saw this thread, so was hoping for some good news. I'm paying $4.40 RT on ES, and was hoping to get sub $4. Do just 100 turns a month, and it really adds up!

Forker

My gut tells me Mirus does not offer special pricing. But I could be wrong. They do offer tiers, so you should inquire about that, but unless you are doing a lot more trades it probably won't make a difference.

If you are happy where you are, you should probably stay.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #46 (permalink)
forker
Boston MA
 
 
Posts: 43 since Nov 2010
Thanks: 22 given, 10 received


Big Mike View Post
My gut tells me Mirus does not offer special pricing. But I could be wrong. They do offer tiers, so you should inquire about that, but unless you are doing a lot more trades it probably won't make a difference.

If you are happy where you are, you should probably stay.

Mike

You are probably right. Good advice. I'm glad to be hear at futures.io (formerly BMT), and thanks.

forker

Reply With Quote
 
(login for full post details)
  #47 (permalink)
 FulcrumTrader 
Austin, TX & Las Vegas, NV
 
Experience: Advanced
Platform: Investor RT Pro, NT 7.0
Trading: ES, DAX, CL, 6E
 
FulcrumTrader's Avatar
 
Posts: 230 since Mar 2010
Thanks: 32 given, 287 received

AMP is now an FCM so they are at an advantage now imo over Mirus (AMP Global Clearing). I like trading through FCM's for the most part even though I have many accounts at various brokers.

Reply With Quote
 
(login for full post details)
  #48 (permalink)
 mattz   is a Vendor
 
 
mattz's Avatar
 
Posts: 2,489 since Sep 2010
Thanks: 2,426 given, 3,758 received


FulcrumTrader View Post
AMP is now an FCM so they are at an advantage now imo over Mirus (AMP Global Clearing). I like trading through FCM's for the most part even though I have many accounts at various brokers.

Have they become a clearing FCM or a non-clearing FCM?
A clearing FCM would give them an advantage.

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
Reply With Quote
 
(login for full post details)
  #49 (permalink)
 FulcrumTrader 
Austin, TX & Las Vegas, NV
 
Experience: Advanced
Platform: Investor RT Pro, NT 7.0
Trading: ES, DAX, CL, 6E
 
FulcrumTrader's Avatar
 
Posts: 230 since Mar 2010
Thanks: 32 given, 287 received


mattz View Post
Have they become a clearing FCM or a non-clearing FCM?
A clearing FCM would give them an advantage.

Check out their info............

AMP Global Clearing


"Sept. 14, 2010 - We are proud to announce the launch of AMP Global Clearing, LLC NFA ID: 0412490 effective October 1, 2010. The company's global headquarters is located at 221 North LaSalle Street, 24th floor, Chicago, IL 60601.

AMP Global Clearing, LLC is a Futures Commission Merchant (FCM) providing access to the global electronic futures markets for Individual Traders, US & Foreign Introducing Brokerages, CTA's, 3rd Party & API Developers. Our goal is to combine high-end products and services at competitive prices; delivering the best possible trading experience for our customers.

Attention to AMP Trading Clients:

Dorman Trading, LLC mailed you a letter notifying AMP clients of transferring their futures accounts to AMP Global Clearing, LLC. We have worked closely with Dorman Trading and Zenfire to make this a smooth transition; all traders will use the same NinjaTrader username and passwords (no change required to the platform) - even the same account number. All the current account information will be transferred, such as email address, phone and physical address - there will be nothing needed from you.

This conversion process will enable our company to improve our performance by adding new in house services such as:

* Online Customer Statements and Equity Runs
* Online Customer Portal for online account management
* Global Exchange Connectivity
* 24-hour In-House Technical Support and Order Desk
* Expanding the available funding options (USD, EUR, AUD, GBP, HKD, JPY, NZD)
* Low Intraday Margins
* Automatic Block Order Allocations
* Automated Systems Trading
* Experienced & Friendly Support Staff
* Multilingual Technical Support (we speak more than 15 languages!)
* Support via phone, email, Skype and remote desktop

At AMP, you are the top priority. We pride ourselves on surpassing customer expectations by providing an unparalleled level of service, security, and advanced trading technology to accommodate a client needs. We are extremely excited to have you with AMP Global Clearing, LLC. If you have any questions, please feel free to contact us via phone at (312) 893-7700 or http://www.ampclearing.com

Sincerely,

Dan Culp
President"

Reply With Quote
 
(login for full post details)
  #50 (permalink)
 mattz   is a Vendor
 
 
mattz's Avatar
 
Posts: 2,489 since Sep 2010
Thanks: 2,426 given, 3,758 received


FulcrumTrader View Post
Check out their info............

AMP Global Clearing


"Sept. 14, 2010 - We are proud to announce the launch of AMP Global Clearing, LLC NFA ID: 0412490 effective October 1, 2010. The company's global headquarters is located at 221 North LaSalle Street, 24th floor, Chicago, IL 60601.

AMP Global Clearing, LLC is a Futures Commission Merchant (FCM) providing access to the global electronic futures markets for Individual Traders, US & Foreign Introducing Brokerages, CTA's, 3rd Party & API Developers. Our goal is to combine high-end products and services at competitive prices; delivering the best possible trading experience for our customers.

Attention to AMP Trading Clients:

Dorman Trading, LLC mailed you a letter notifying AMP clients of transferring their futures accounts to AMP Global Clearing, LLC. We have worked closely with Dorman Trading and Zenfire to make this a smooth transition; all traders will use the same NinjaTrader username and passwords (no change required to the platform) - even the same account number. All the current account information will be transferred, such as email address, phone and physical address - there will be nothing needed from you.

This conversion process will enable our company to improve our performance by adding new in house services such as:

* Online Customer Statements and Equity Runs
* Online Customer Portal for online account management
* Global Exchange Connectivity
* 24-hour In-House Technical Support and Order Desk
* Expanding the available funding options (USD, EUR, AUD, GBP, HKD, JPY, NZD)
* Low Intraday Margins
* Automatic Block Order Allocations
* Automated Systems Trading
* Experienced & Friendly Support Staff
* Multilingual Technical Support (we speak more than 15 languages!)
* Support via phone, email, Skype and remote desktop

At AMP, you are the top priority. We pride ourselves on surpassing customer expectations by providing an unparalleled level of service, security, and advanced trading technology to accommodate a client needs. We are extremely excited to have you with AMP Global Clearing, LLC. If you have any questions, please feel free to contact us via phone at (312) 893-7700 or http://www.ampclearing.com

Sincerely,

Dan Culp
President"

This is a good move on their behalf! BUT, this does not mean they are exchange members.
I assume (and I could be wrong) that they still have to go through an FCM that has seats on the exchange.
As a non clearing FCM they could still attract other IB's, get interest on the funds, etc
But, on the admin side, they would need to develop a very strong back office for, etc.
on the home page of their FCM, there is one platform, so I guess Ninja helped a little LOL

Never the less, this means growth, and I am happy for them. They are definitely making the right moves!

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
Reply With Quote
 
(login for full post details)
  #51 (permalink)
 mrjoe 
Bratislava, Slovakia
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: NQ, 6E
 
mrjoe's Avatar
 
Posts: 21 since Oct 2010
Thanks: 30 given, 61 received


Haverchuck View Post
Are you saying there are no charts in the lite version or no "chart trader"? It seems like they would provide charts since even the free version has them. Thanks.

Chart trader is available in the lite version of NinjaTrader. Missing parts are: OCO orders, ninjascript editor, ATM strategies

Reply With Quote
 
(login for full post details)
  #52 (permalink)
 mxphytlx 
nacogdoches
 
Experience: Beginner
Platform: ninjatrader
Broker: amp/cqg
Trading: cl
 
mxphytlx's Avatar
 
Posts: 26 since Apr 2010
Thanks: 707 given, 9 received

ive been with mirus for a year 4.20 rt support has been great (es)

Reply With Quote
 
(login for full post details)
  #53 (permalink)
 SimpleSimon 
UK
 
Experience: Intermediate
Platform: Ninja trader
Trading: FESX
 
Posts: 6 since Nov 2010
Thanks: 2 given, 10 received

Hi every one I'm UK based and trade the Eurex exchange, I have used the Ninja Trader on a lifetime licence since 2007. Anyway on the 16th November I lost the Eurex feed on my Ninja Trader Platform. So I contacted my broker IT department to be told they were no longer providing access to the Eurex exchange via the Ninja Trader Platform. They said I should have received an email to that fact a couple of weeks ago, but I didn't receive one.

Anyway scrolling to the bottom of my daily invoice [which I normally don't need to do] I saw this message. It appeared on daily invoices from the 9th November.

ATTENTION EUREX TRADERS!!
*
On November 15, 2010, EUREX's current API will no longer be supported
by TT.


Anyway they did offer me other platforms that I could subscribe to, but having a lifetime licence for NT, and likening the simplicity of the Dom I opted to change brokers.

Well I short listed Mirus and Amp as possible brokers to migrate my account to. So decided to Google reviews of both brokers. And as a result I tipped up here on futures.io (formerly BMT)F, reading this very thread.

I contacted Amp on Tues 17th as unlike Mirus they do not show their commission fees on their website. Initially in my mind at the time, they had the march on Mirus simply because they were their own clearing broker, as against Mirus being an introductory broker. Now I've no evidence to support the theory that FCB's give better service than IB's. But that was my level of thinking at the time.

Anyway I'll fill you in regards my experience of both brokers from an account enquiry point of view, and how the account sign up process went in my next post. Of course it will not be a guide to wither one broker is better than the other. I would have to have opened an account and traded with both brokers to be able to hold an opinion in that regard.

All I will say account enquiry wise is this, it was like comparing chalk with cheese.

The stage I'm at now is the new account is open, and awaiting funding. To that end I've just been informed by my old broker that today 24th November they have closed my account and transferred the funds.......so just waiting for them to show up in my account.

Reply With Quote
The following 3 users say Thank You to SimpleSimon for this post:
 
(login for full post details)
  #54 (permalink)
 SimpleSimon 
UK
 
Experience: Intermediate
Platform: Ninja trader
Trading: FESX
 
Posts: 6 since Nov 2010
Thanks: 2 given, 10 received

As stated above, Wednesday I short listed both Amp and Mirus, already knowing Mirus commissions as it's on their website. I decided to first make initial contacted with Amp via their “contact us” link [not phone contact]on their website. Broadly outlining why I was looking to open an account with a new broker. And asking them to quote me the commissions for the FESX on the Eurex exchange.

I received a template auto reply back asking me to go to another link and fill in a Trader Profile Form, this I dully did..


Thursday I receive another template reply entitled “Introduction to your new contact at Ampfutures” this time with my name and a broker name inserted [here to answer my questions] and again asking me to take the time to fill out a Trader Profile Form........Hello is there anybody there!


Followed immediately by another email extolling the virtues of Ninja Trader, and offering a Free

Ninja Trader “Futures” Demo.....but I've already told you I've been using Ninja Trader since 2007

Again followed immediately by another email starting Hello ...my name..with a list of commissions for various instruments, and the margin requirement for the ES.......remember my enquiry was for the FESX, unfortunately I was still non the wiser. Anyway followed a minute later with another email starting Hello ….my name......and a link to an “Online Account Application”


One hour forty six minutes later I receive another template email from my dedicated broker

entitled “Free Paper Trading Demo Follow up” again starting Hello ….my name...asking me to fill out a ..yes you've guessed it a Trader Profile Form.

Now at this point I thought, though I'm not in receipt of the info I want from AMP. I'll make a preliminary enquiry to Mirus in regard to possibly opening an account. To this end in the early evening [UK time] I emailed their “New Accounts- Application Inquiries” contact, Cara.


Again outlining why I'm considering changing brokers, the fact I have traded with the Ninja Platform since 2007 and hold a lifetime licence for same. In short all the info I gave to AMP.


Two hours later I receive an email, with my original email attached


Hello ...my name,

My name is Brian Dolly and I am a broker here at Mirus Futures. Your email has been forwarded to me. I would like to discuss the possibility of you opening an account with Mirus. It seems like you are already pretty familiar with Ninja. Did you have any specific questions that I could answer for you?

Thanks,
Brian Dolly
Mirus Futures

Here is a guy who has actually read my email....how refreshing is that?

But as it's late in the day this side of the pond, I decide to reply to him tomorrow.

So Friday I have a couple of questions that I put to him via email. I also told him I was awaiting some information from another broker so it was only right that I gave them time to come back with it before I make a final decision as to who I go with. But I confided having read this thread on futures.io (formerly BMT)F, I said Mirus were now in poll position.


Anyway that said, and giving the benefit of the doubt to my contact at AMP. In that I thought, hey the guy obviously has only been passed a name and email address. Having had no sight of my initial enquiry, and obviously there is a glitch in him being aware that I have already filled out a Trader Profile Form two days previous. So I email him personally, explaining where we are at, but also assuring him that it is not my intention to come over as being bollshi, but for now I just want to be told the commissions rate for the FESX.


Four hours later I receive another email from my contact at AMP entitled “Free Pivot Point Calculator” and link to download same.


He finishes off his email with the usual “If you have any questions or need any other trading information, just drop me a line and I will get back to you very quickly.”

Well that was it for me, I finally gave up on AMP. So I again contacted Brian at Mirus, and told him the answers given were satisfactory. And as such would sign up with them, but as it was early evening my side of the pond I would do the online application over the weekend. He emailed me back some time later stating if I sent him copies of ID and proof of address he would forward them along with my application [which Mirus would receive Monday morning] and then send on to RCG.



This I did Sunday evening, Monday 4.00pm US time I receive from Brian my RCG account number. And as it's a template open account confirmation it includes funding your account instructions. Once funds are in place your receive your Mirus username and password.


Now funding my old broker account via a wire transfer to their UK bank account. If I wire today before 2.30pm, it shows up on my broker statement which I receive early the next morning. And with RCG the clearing broker, they also have a London branch. So you could say it can be a two day process signing up with Mirus if you hit the bank at the right time ready to trade on day three.


Me I'm awaiting a Funds Transfer from my old broker to RCG.


Tuesday I receive login instructions from RSG, no money there yet but I login to take a look . Looks the dogs dodars account and trades information wise.


Oh and late that day I also receive another email from my contact at AMP subject line “Free Futures Trading Course” with that all to familiar line
If you have any questions or need any other trading information, just drop me a line and I will get back to you very quickly

I did email him, informing him I had signed up with another broker. Also thanking him

for the eight emails I had received. Because they had possibly stopped me making a mistake in the choice of broker.

Will he read it? Well if I was a betting man.........
By the way I have omitted the AMP contacts name throughout because there may well be a valid reason why he failed so badly to impress me.

Think on I ain’t saying Mirus is a better broker than Amp. All I'm saying is AMP have ensured by their lack of response to my enquiries, that I'll never put myself in the position to make that particular comparison.


This morning Thursday the 25th my daily account statement from my old broker shows a balance of Zero. So just waiting for it to turn up in the RCG account, no doubt it being Thanksgiving today will make it latter rather than sooner.

OK I admit the above doesn't answer the Opening Posters question, but then I dare say there is something to be gleaned from it.

Reply With Quote
The following 6 users say Thank You to SimpleSimon for this post:
 
(login for full post details)
  #55 (permalink)
 sysot1t 
 
 
Posts: 1,176 since Nov 2009


SimpleSimon View Post
Think on I ain’t saying Mirus is a better broker than Amp. All I'm saying is AMP have ensured by their lack of response to my enquiries, that I'll never put myself in the position to make that particular comparison.

I had similar experiences with AMP, and not so similar with Mirus... having had an account with Mirus previously I will say the experience truly depends on the sales rep, not the brokerage firm itself, and your expectations as to what service means...

As an example... most people tend to shy away from IBKR because of their "alledge" lack of customer service (aka. hand holding) given they tailor to active traders (which are supposed to know what they are doing); but not all users complain about it as their expectation criteria would be based on execution and price... IBKR product platform is superior to most brokers and FCM's out there, with the exception of what I would call the majors... their universal account is just common sense to me.

Mirus/RCG is a good combo given the RCG platform..and the fact that you were assigned a good sales rep that was able to meet your expectations is a good thing... so congratulations on finding a new home, just keep in mind a brokerage is only as good as its sales rep..

Reply With Quote
 
(login for full post details)
  #56 (permalink)
 SimpleSimon 
UK
 
Experience: Intermediate
Platform: Ninja trader
Trading: FESX
 
Posts: 6 since Nov 2010
Thanks: 2 given, 10 received

sysot1t I wholeheartedly agree with every thing you said. You definitely can hit on a decent firm, but be assigned a less than satisfactory broker, or have to higher expectation of them. End of the day you want your trades executed, and possibly IT back up on occasion, and hardly ever needing the attention of your assigned broker. And I dare say that's how they like it, as their prime concern is getting new business in.

lukegeniol I'm sorry it was unreadable, I first wrote it in MS Word, as I wanted to place all the emails in the right time sequence, then copy pasted on the forum. Well it presented as a "Shout Fest " so I chose font size one, and moved the gaps up. I thought I had sorted it sorry, it still looks large to me though

Reply With Quote
 
(login for full post details)
  #57 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received

@SimpleSimon thanks for sharing your experiences! Sorry things didn't work out with Amp, but glad they are with Mirus

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #58 (permalink)
 Michael.H 
CA
 
Experience: Master
Platform: Marketdelta and Ninja
Broker: Velocity
Trading: NQ
 
Posts: 670 since Apr 2010
Thanks: 64 given, 526 received

After doing alot of tests, even after the new api connection, the zenfire feed still isn't reliable. I don't see why i would pay 4.30 r/t when i can pay much less, around 3.8 with TT, and even less with other brokers.. Assuming you do only 100 trades a month, you can put that money towards a quality feed and use kinetick( which is essentially dtn) all for the same price.

This way, you can have a backup feed as well even if you don't do bid/ask studies... It comes out to be the same price.
Your saying that TT doesn't offer eurex, you can get rithmic with mattz at optimus, he offers i think around $4 r/t, still cheaper.
I talked to matt a couple of times, he's truly a good guy.

Ninja and zenfire truly messed up after this whole thing about their ,"oops, our feed was dropping data all this time, we fixed it now."
The whole point of paying a premium was that zenfire offered unfiltered data, and thats not what their providing. So every time you trade, your paying for a service your not receiving.

Reply With Quote
The following 3 users say Thank You to Michael.H for this post:
 
(login for full post details)
  #59 (permalink)
 SimpleSimon 
UK
 
Experience: Intermediate
Platform: Ninja trader
Trading: FESX
 
Posts: 6 since Nov 2010
Thanks: 2 given, 10 received

Wednesday 1st December my funds transfer, broker to broker turned up. Received Mirus login details, and I'm up and running.

Had another two emails from Amp in the meantime

last one today :


Quoting 
I just wanted to make sure I answered all the questions you had. Did you have any others?

To say Jeff never answered a question or indeed acknowledged my two emails I directed to him personally. I can only assume todays personally crafted email is Jeff ...taking the pineapple..........






Reply With Quote
 
(login for full post details)
  #60 (permalink)
 SimpleSimon 
UK
 
Experience: Intermediate
Platform: Ninja trader
Trading: FESX
 
Posts: 6 since Nov 2010
Thanks: 2 given, 10 received

Ah another email from Jeff at AMP

"this the fourth email to AMP, its the third one sent directly to you. You never answered my questions in those first two. And it's the second email to you, telling you I've gone with a broker that listens and actually answers questions.

SO in answer to your question

NO
have a nice day,

Tony



On 03/12/2010 08:46, Jeff Rice wrote:
Tony,

Do you have any further questions regarding opening a live account?

Jeff Rice"

I've decided to add AMP and Jeff in particular to my Junk Mail List, so definitely my last post on the issue. And as for my experience....well others can take from it what they will.

Reply With Quote
 
(login for full post details)
  #61 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
Platform: NinjaTrader
Trading: Euro
 
Posts: 212 since Nov 2010
Thanks: 158 given, 72 received


SimpleSimon View Post
Ah another email from Jeff at AMP

"this the fourth email to AMP, its the third one sent directly to you. You never answered my questions in those first two. And it's the second email to you, telling you I've gone with a broker that listens and actually answers questions.

SO in answer to your question

NO
have a nice day,

Tony



On 03/12/2010 08:46, Jeff Rice wrote:
Tony,

Do you have any further questions regarding opening a live account?

Jeff Rice"

I've decided to add AMP and Jeff in particular to my Junk Mail List, so definitely my last post on the issue. And as for my experience....well others can take from it what they will.

Yep, Amp never answered my questions. I sent like 3 emails. No more .

Reply With Quote
 
(login for full post details)
  #62 (permalink)
 supermht 
Naperville IL
 
Experience: Intermediate
Platform: ninjatrader
Broker: NT broker
Trading: NQ ES 6E GC CL
 
Posts: 958 since Feb 2010
Thanks: 1,189 given, 658 received

AMP: Terrible customer service, they never help.

Reply With Quote
The following 2 users say Thank You to supermht for this post:
 
(login for full post details)
  #63 (permalink)
 JS12 
NY
 
Experience: Intermediate
Platform: Ninja
Trading: ES, 6E
 
Posts: 63 since Dec 2010
Thanks: 39 given, 37 received

Anyone have any experience with Optimus?

Or, is Mirus the way to go?

Thanks!

Reply With Quote
 
(login for full post details)
  #64 (permalink)
kk240
Europe,Nomad
 
 
Posts: 85 since Nov 2010
Thanks: 25 given, 30 received

Hi I am testing AMP live, and i have lite version of ninja. How did you enabled chart trader. ?
Thanks if you can answer. because it impossible to get any help from amp using e-mail.



mrjoe View Post
Chart trader is available in the lite version of NinjaTrader. Missing parts are: OCO orders, ninjascript editor, ATM strategies


Reply With Quote
 
(login for full post details)
  #65 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received


JS12 View Post
Anyone have any experience with Optimus?

Search for Optimus on the forum.



Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #66 (permalink)
 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
 
Posts: 1,886 since Sep 2009
Thanks: 3,352 given, 1,519 received


kk240 View Post
Hi I am testing AMP live, and i have lite version of ninja. How did you enabled chart trader. ?
Thanks if you can answer. because it impossible to get any help from amp using e-mail.

@kk240

Have you tried clicking on the Chart Trader icon on the toolbar at the top of the chart?

Reply With Quote
 
(login for full post details)
  #67 (permalink)
kk240
Europe,Nomad
 
 
Posts: 85 since Nov 2010
Thanks: 25 given, 30 received

My Ninja lite for amp cqg chart trader button is gray, and if hovering mouse over it it show balloon tip, upgrade ninja or something.


steve2222 View Post
@ kk240

Have you tried clicking on the Chart Trader icon on the toolbar at the top of the chart?


Reply With Quote
 
(login for full post details)
  #68 (permalink)
 DonaldFauntleroy 
Munich Germany
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Currencies
 
Posts: 6 since Apr 2011
Thanks: 3 given, 5 received

AMP is really horrible.

I opened an account several weeks ago.
From day one the account value was wrong.
I never received any account statements by email.
I never was able to log in to the client area to view any statements.
When closing Ninja it warned me several times of open positions where there were none (maybe they mixed up 2 accounts somehow)

I sent 2 mails which were not answered, so I closed my account.
Of course I never got the realtime indexes which AMP promised with CQG.

And by the way, my account is still open and shows a nice balance which clearly isn´t mine (LOL tempted to do some trades, but OK).

What a mess.

And mirus? They answer at least to mails. But they don´t even know which contracts can be traded with them. They wanted to tell me that I must have traded the M6E through Sim account, because it can´t be traded live with them.
Of course it can be traded. The other micros? I still don´t know, they didn´t bother to find out. An email to RCG went unanswered. What a competent service.

I`ll give Optimus a try, I think. Hope they are better......

Reply With Quote
The following user says Thank You to DonaldFauntleroy for this post:
 
(login for full post details)
  #69 (permalink)
 NinjaTrader  NinjaTrader is an official Site Sponsor
Site Sponsor

Web: NinjaTrader
AMA: Ask Me Anything
Webinars: NinjaTrader Webinars
Elite offer: Click here
 
 
NinjaTrader's Avatar
 
Posts: 1,578 since May 2010
Thanks: 185 given, 2,457 received


kk240 View Post
My Ninja lite for amp cqg chart trader button is gray, and if hovering mouse over it it show balloon tip, upgrade ninja or something.

The free NinjaTrader Direct Edition that you are using does not have Chart Trader. You would need to purchase the full version from our website to have access to Chart Trader.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #70 (permalink)
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,206 given, 4,337 received

I use Mirus/RCG.

I have never had a big enough problem with Mirus that prompted me to look for another broker.

I have always been able to get through to the Order Desk immediately when there was a hiccup (i.e. NT froze and I wanted to close a position immediately etc)

Support has been good at answering questions over the phone the few times I have needed to call them.

When Mirus was not able to provide a solution immediately , I called RCG direct and they resolved the issue straight away.

RCG suggested that even though I signed up through an IB, I contact them direct with anything that was under their control and that I contact the IB (Mirus) if it was something related specific to Mirus (commission rates etc).

This scenario has worked well for me.

As always, YMMV.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
The following user says Thank You to ThatManFromTexas for this post:
 
(login for full post details)
  #71 (permalink)
 abrito900 
Lisbon - Portugal
 
Experience: Beginner
Platform: Ninja Trader
Broker: Amp Futures/Zen-Fire
Trading: 6E
 
abrito900's Avatar
 
Posts: 30 since Mar 2010
Thanks: 7 given, 20 received


kk240 View Post
My Ninja lite for amp cqg chart trader button is gray, and if hovering mouse over it it show balloon tip, upgrade ninja or something.

The free Ninja does not have chart trader anymore, used to and still does for older users (like me) that got a licence in time.
The new free licences does not include it.
It is usefull and Ninja should think about keeping that since some competitors give it for free. The lack of strategies and other usefull stuff from the free Ninja should be reason enough to upgrade to a full licence.

Reply With Quote
The following user says Thank You to abrito900 for this post:
 
(login for full post details)
  #72 (permalink)
shali27
Rubidoux, California
 
 
Posts: 1 since Sep 2010
Thanks: 9 given, 0 received

I've been with AMP for about a year and their customer service is abominable. They're rude, abrasive and misinformed. I've been hung up on a number of times. Frequently, I get what I call the "Amp Shuffle." I'll call up with a question, only to get shuffled around to about four different people before I finally get an answer, usually a wrong one. The only person there who seems to have any clue is the guy who handles the money wires and other accounting matters. Sometimes they'll ask me who my broker is but it's irrelevant anyway. And God forbid you should give them control over your computer. One time, the guy made my computer go all haywire and then said, "see, the problem is your computer." Another time, the "tech" was hovering the mouse over the buy and sell buttons when the DOM was NOT in SIM mode, completely oblivious to how disconcerting this was, and utterly clueless about what he was doing in the first place.

In a word: RUN... as fast as you can. I'm in the process of setting up an account with Mirus. They've seemed very professional so far in my phone conversations with them. Hoping for a better experience than Amp.

Reply With Quote
 
(login for full post details)
  #73 (permalink)
 sharky 
MIAMI,FL
 
Experience: Advanced
Platform: NinjaTrader
Broker: Private
Trading: Zn,6E,6J
 
sharky's Avatar
 
Posts: 1,060 since Jun 2009
Thanks: 624 given, 3,900 received

lol i had an account with mirus they where ok,i simmed in amp and the data feed was good but your right they where full of hot air and they called me alot to try to get me to open a account,some of the calls where rude and i finally told them this is sharky do you know me when they said yes i said please dont call me with your bs anymore and they didnt.now im with optimus and matt has taken care of all my needs,he lets me do things at my own pace and he arranged it so i can trade how i trade...sharky

KILLING THE MARKETS DAILY
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to sharky for this post:
 
(login for full post details)
  #74 (permalink)
kk240
Europe,Nomad
 
 
Posts: 85 since Nov 2010
Thanks: 25 given, 30 received


NinjaTrader View Post
The free NinjaTrader Direct Edition that you are using does not have Chart Trader. You would need to purchase the full version from our website to have access to Chart Trader.

I will pay ninja when it start function, i paid several years.i stopped, don't ask me why.
I will not answer you, I know chart trader not work in lite, ealier post somebody said its working. I just asked if knew why.
I just use ninja until i wrote all my code to multichart . I am trading not have time to code all the time. anyhow i stopped using your basic entry or super dom, because there were shadow ( means trades are hanging and you don't know they still are active) using ninja cost me several thousends extra money. it was pat system, I was suprise when my friend told me its also happening mirus which should use entire your ninja back and front end.

Reply With Quote
 
(login for full post details)
  #75 (permalink)
kk240
Europe,Nomad
 
 
Posts: 85 since Nov 2010
Thanks: 25 given, 30 received

My last post was ninja , because they start interupting this AMP futures thread.
I have been using AMP couple months.
2006 I try to contact them and try to ask open account no answers, same thing happend to my friend 2010.
It was big surprise They opend my current account most fastest way any of my trading history, great ++++
after that not heard anything when try to contact using e.mail.
I only want to test they CQG and how well it will give price data, if want to learn foot data and is delta info better than mirus. and market data Tick etc.
I hope i don't have to close my trades using phone. I think jungle drums are much better way to try to contact them

Reply With Quote
 
(login for full post details)
  #76 (permalink)
Ilovetotrade
Edmonton, Alberta
 
 
Posts: 22 since Feb 2011
Thanks: 0 given, 7 received

Haven't dealt with Mirus so can't comment but have dealt with Amp. For Mirus or anyone else to be worse than Amp, they would have to be very bad. No service to speak of, dealt with one of the most imcompetant people there, to phone they had no direct line to trading, hard to get someone who knew what the heck was going on. Suggestion, stay away if you don't want problems. A caution aside, many promise great things but many fail to deliver. Hard to find (not yet) one who I can recommend to you as haven't found one yet. Would love to find one, maybe someone out there has.

Reply With Quote
 
(login for full post details)
  #77 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received

You can check the Brokers section of futures.io (formerly BMT), there are several threads containing many positive reviews of brokers.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #78 (permalink)
Ilovetotrade
Edmonton, Alberta
 
 
Posts: 22 since Feb 2011
Thanks: 0 given, 7 received

Thanks for the reply Mike but who is futures.io (formerly BMT) as can't find out who they are and how do I get ahold of them.

Reply With Quote
 
(login for full post details)
  #79 (permalink)
 Jura 
The Netherlands
 
Experience: None
Platform: MultiCharts, TradingView
Trading: ...
 
Jura's Avatar
 
Posts: 774 since Apr 2010
Thanks: 2,347 given, 688 received


Ilovetotrade View Post
Thanks for the reply Mike but who is futures.io (formerly BMT) as can't find out who they are and how do I get ahold of them.

Big Mike's Trading.

The broker section which Mike was referring to can be found here:
Brokers and Data Feeds - Big Mike's Trading Forum

Reply With Quote
The following user says Thank You to Jura for this post:
 
(login for full post details)
  #80 (permalink)
Trader Y
Windsor, ON, Canada
 
 
Posts: 58 since Dec 2010
Thanks: 14 given, 22 received


Ilovetotrade View Post
Haven't dealt with Mirus so can't comment but have dealt with Amp. For Mirus or anyone else to be worse than Amp, they would have to be very bad. No service to speak of, dealt with one of the most imcompetant people there, to phone they had no direct line to trading, hard to get someone who knew what the heck was going on. Suggestion, stay away if you don't want problems. A caution aside, many promise great things but many fail to deliver. Hard to find (not yet) one who I can recommend to you as haven't found one yet. Would love to find one, maybe someone out there has.

Try Deepdiscounttrading. You will like.

Reply With Quote
The following user says Thank You to Trader Y for this post:
 
(login for full post details)
  #81 (permalink)
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,339 received


Trader Y View Post
Try Deepdiscounttrading. You will like.

I would also recommend DeepDiscountTrading. They have the lowest commission of all brokers, they have exceleent customer service. The drawbacks for me are, they use TT back end, You don't get true tick by tick data, OCO orders are held locally on your PC, NT has problems with account balance if you hold positions overnight with them.

Reply With Quote
The following user says Thank You to monpere for this post:
 
(login for full post details)
  #82 (permalink)
Laguna
laguna beach, ca
 
 
Posts: 14 since Mar 2011
Thanks: 2 given, 9 received

I am in a bit of shock, and wonering is there is legal recourse for accounting mistake on trading account?

Amps account mistakes had been susbtantial: when I saw such on SIM, I was assured that none of this will eve happen on live account..little did I know..

Here is what transpired in my account in the last 2 months:

1. About two months ago,overnight my account dropped by about 40%, despite having a porfitable day prior. After few illiterate emails from AMP, I was assured, that only electronic conversion to EUR caused such, and that it would be immiediately fixed: it wasn't: account was still short $260 after incorrect 4 statemnets, and It was never fixed.

2. This Fri: I left a runner on for entire day, while taking small trades in between, enjoying the success of my runner going as much as 8pts+, only to find out, that on DOM after other trades were done: my runner instead of +8 pts, was only + 0.3. When I called AMP: I was belittled and told, that Runner was a prodcut of my wishful thinking...Since this argument was going nowhere, I decided to wait for market close, and see what will transpire next.

As of Fri close on my Ninja: Runner was closed in profit + 5.5 pts , after being stopped out on retracement: DOM was showing only 0.6 at the close.

Sadly: As of Fri night statemnet via email: Runner was nowhere to be found on my statement.

3. As well as suddenly last Monday profit as of weekly summary of $1000+ is also gone: apparently I was at 0 on that day..+1550 in a week to AMP: how desperate are they? Truly pathetic.

I am not in a business of tipping brokers.

I am fed up, and on my way out..I had found other posts confirming, that it is not my imagination..Will let you know how this is resolved.

Reply With Quote
 
(login for full post details)
  #83 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,976 since Jun 2009
Thanks: 32,443 given, 98,205 received

Laguna, I hope you have screen shots from your trading platform showing live executions for the orders you are saying Amp lost. That is a big accusation as well - you need to understand a lot of people screw up and trade sim on their side instead of cash and don't know it -- or vice versa -- which is why you would need to provide screen shots showing these "missing" trades are in fact your live account and were executed on Amp.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #84 (permalink)
Laguna
laguna beach, ca
 
 
Posts: 14 since Mar 2011
Thanks: 2 given, 9 received

I have 5 pt runner , which is shown on my platform as a closed trade: I saved file as well, but not on my statement.

Reply With Quote
 
(login for full post details)
  #85 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


Big Mike View Post
Laguna, I hope you have screen shots from your trading platform showing live executions for the orders you are saying Amp lost. That is a big accusation as well - you need to understand a lot of people screw up and trade sim on their side instead of cash and don't know it -- or vice versa -- which is why you would need to provide screen shots showing these "missing" trades are in fact your live account and were executed on Amp.

Mike

I used ATC Brokers which I believe is good. They are good people, but I had a couple issues using their DOM and software quite a while ago. I would hit the DOM, and then nothing would happen. Then about 5 minutes later all the sudden my order would come in and I would get filled! I would hear the ding ding ding ding....

And, another time because I didn't get an entry, I hit the button a couple times, etc.. So, then it would have multiple orders left and it was all a MESS!

They fought me every bit of the way. My wife witnessed it and I called them directly within minutes and sometimes I couldn't close orders either! It was crazy, as I was using their platform, and I couldn't close orders and the such....

It does happen! And, they will deny it without even looking at it.

FORTUNATELY for me..... I had it recorded (recorded both screens!) and every bit of it was on TAPE. They still rejected my request to refund me over and over again. Patrick couldn't figure out how to view my video, but was telling me that he did and that I placed those orders etc..

Again, my point is that these brokers will deny at first, and YOU MUST RECORD YOUR TRADING!!!!!

One 'software accident' cost me almost 900.00 as I had a phantom order etc..!

Everyone should have recording software on their computer. My coach said, "You are attracing it..." etc. and my wife didn't have problems with live orders, so I redid all my software and never had a problem again. The thing I realize now that why my circumstances were so 'rare' is that so few from my group were actually trading live!

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #86 (permalink)
Ilovetotrade
Edmonton, Alberta
 
 
Posts: 22 since Feb 2011
Thanks: 0 given, 7 received

Bluemele, what do you mean you redid all your software and your problems disappeared. As far as recording your trading, do you mean the screenshots, I have over 50 screenshots that show errors with Amp and they blamed my computer until I send them the screenshots so they said Oh there is a problem but came back and blamed ninja for that and then ninja blamed zenfire, noone wanted to take the blame. I had them shortchange me for $9300 on one trade I never placed. How do you fight these liars and crooks Also anyone know if there is a requirement that firms HAVE to abide by for margin requirements, I was trading 3 CL contracts overnight with $3000 in my account when 1 contract for overnight was over $3500 and yet couldn't even trade 1 contract for daytrading in the TF. Seems there is noone they are responsible and accountable to. What protection do us traders have when they get away with things like this, makes one question if this is a safe business to be involved in.

Reply With Quote
 
(login for full post details)
  #87 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


Ilovetotrade View Post
Bluemele, what do you mean you redid all your software and your problems disappeared. As far as recording your trading, do you mean the screenshots, I have over 50 screenshots that show errors with Amp and they blamed my computer until I send them the screenshots so they said Oh there is a problem but came back and blamed ninja for that and then ninja blamed zenfire, noone wanted to take the blame. I had them shortchange me for $9300 on one trade I never placed. How do you fight these liars and crooks Also anyone know if there is a requirement that firms HAVE to abide by for margin requirements, I was trading 3 CL contracts overnight with $3000 in my account when 1 contract for overnight was over $3500 and yet couldn't even trade 1 contract for daytrading in the TF. Seems there is noone they are responsible and accountable to. What protection do us traders have when they get away with things like this, makes one question if this is a safe business to be involved in.

Yes, there is a way to get some recourse. And, it is free.

Contact the CFTC File Complaint or Report Suspicious Activities - CFTC which is here.

I mean record meaning VIDEO.... Screen Shots are good, but they don't record every action. Also, it helps once you notice the problem to record the trade summary or control center as well. That is what 'protected' me.

Also, I found that sometimes recording a video would help me understand that I was actually the one who screwed up! haha... That happened a couple times as well.

Invest in some time to learn the recording software like Hypercam2 or buy a commercial version, but the key is to RECORD RECORD as that is your only way to prove your case.

In my opinion, the broker should rectify the situation even if it is Ninja or the datafeed IF they support those partners etc... The onus is on them.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bluemele for this post:
 
(login for full post details)
  #88 (permalink)
Laguna
laguna beach, ca
 
 
Posts: 14 since Mar 2011
Thanks: 2 given, 9 received

Thank you guys so much: at times I feel like complete fool: thank God Trade Is On My Ninja and their statemnet, just not in $$$. The only reply so far" will call you back...7hrs later: I still have nothing.

Here are few of AMP replies to my earlier issues with their accounting

1.Thank you for the email. The conversion email was sent to our clients to let them know about the statement concerns.
I have reviewed your statements. The difference is due to a new format of fees being charged. I have corrected it and will provide adjustments to your account.
Regards,
Thien Le
Operations
AMP Global Clearing
221 N. LaSalle St.
24th Floor
Chicago, IL 60601


LOL: I am trading TF and it is US account in USD: see their explanation below for error on TF:
2.During 4/7/11 nightly processing the Swiss Franc (approx. 1.08) conversion rate was used for the EURO.
The approx. EUR exchange rate is (1.40). This has affected the "Converted USD balance".
 
If your account is holding EUR, here is an example:
1'000 EUR times 1.08 = $1'080 Converted USD balance
1'000 EUR times 1.40 - $1'400 Converted USD balance
 
For every 1'000 EUR there will be a variance of approx. $400 Converted USD balance.
 
This will affect the cash balance available for 4/8/11 trade date and will be corrected on tonight's statement.
Operations
AMP Global Clearing

Reply With Quote
 
(login for full post details)
  #89 (permalink)
 PeterOhlson 
Germany
 
Experience: Intermediate
Platform: Ninjatrader 7
Trading: Stocks
 
Posts: 78 since Apr 2011
Thanks: 36 given, 61 received

Was about to open an account with AMP but after reading this thread I'll stay as far away from them as possible.

By the way have you read their terms and conditions? Some true BS in there, never seen any other broker write stuff like that in their terms and conditions. Just shows that they are up to no good. Stay far away from them!

Reply With Quote
The following user says Thank You to PeterOhlson for this post:
 
(login for full post details)
  #90 (permalink)
 uexkuell 
Pt Vala
 
Experience: Advanced
Platform: Proprietary
Trading: CL, EUR, DAX
 
Posts: 58 since Apr 2010
Thanks: 12 given, 31 received


PeterOhlson View Post
... their terms and conditions? Some true BS in there, never seen any other broker write stuff like that in their terms and conditions.

Care to elaborate?

Reply With Quote
 
(login for full post details)
  #91 (permalink)
 ctmvas 
Big City, MA
 
Experience: Intermediate
Platform: AMP Ninjatrader
Trading: ES, CL, NQ, TF
 
Posts: 79 since Nov 2010
Thanks: 3 given, 16 received

How about Think Or Swim. They charge more, but I feel they are the most reliable. I hear to many stories/problems with any broker utilizing Ninja Trader.

Reply With Quote
 
(login for full post details)
  #92 (permalink)
 Haverchuck 
California
 
Experience: Intermediate
Platform: NT
Trading: Index Futures
 
Haverchuck's Avatar
 
Posts: 111 since Jul 2009
Thanks: 85 given, 88 received

Anyone else having an issue with their RCG account info not updating this morning?

Reply With Quote
 
(login for full post details)
  #93 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,726 received

ctmvas, I've been using ThinkorSwim for all three years of my trading "career" so far. They're nice in that they have pretty much everything in all-in-one. They've got pretty much all futures, all stocks, ETF's, currency pairs, pairs, options and forex. With an approved account you can trade anything. They've got ok charts, but lots of features, studies, Thinkscript, scans, thinkback ondemand , history backplay. Lots of alerts of all types, capability to do some automated scripts. Free CNBC and chat rooms with hosts usually on during the session , and also some webinars now and then. Plus their continued work on Prodigio an automated related but separate software that allows one to made automated programs via dragging and dropping graphical objects. Their flagship strength is of course options. Lots of option chains on most anything optionable. Now weekly options included. Best of all is their P/L risk graph where you can see what your options and option spreads look like. You can even analyze unlimited "shadowed" trades on without actually ordering them. And go ahead in time by day to see how the option spread will look like projected into the future just by clicking on a couple of arrow buttons. Stocks are totally tradeable with choice from a specific exchange if you want to do it manual. Symbols can be loaded up fast with big watch lists. As the platform just works with their servers. So not the separate loading of other party feed problem. That said, there are cons that one may get used to, but unacceptable in some cases. You may have heard TD Ameritrade bought out TOS a couple of years ago. They are still working on integrating. There were massive slowdowns back then. It's much better now. Scalping may be bad on TOS DOM. Lots of slippage as reported by others. Sometimes data on chart doesn't look like other platforms' bars. The current spread is not unfiltered straight to the ECN, it's combined and estimated. Commisions and spreads are pricier than others. Maybe too hard to scalp 1 min. Due to sluggishness one may lose a pip or two trying to get into a trade. Some size of grid elements of the DOM and spacing of indicator windows are set and unadjustable. ThinkScript is not C# or C like. An interpreted java-like looking language. slow editing. But you have enough functions to make or modify your own indicators. If you just have a TOS account, and not a TD Ameritrade account using TOS , then Ninjatrader connection isn't supported. The TOS platform is java based, and can lock up with a java code error. Some say the java graphics library used is stuck at an older version unless they rewrite the whole platform.

That's why I'm looking into Ninjatrader on Mirus with Zenfire for the purpose of scalping futures only.

Hope this helps, gl

Cloudy

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #94 (permalink)
 AMP Trading 
Chicago
 
 
Posts: 40 since Feb 2011

I am truly shocked after reading this thread. I can not believe what I am reading.

AMP prides itself in being the largest NinjaTrader brokerage, over 30+ NinjaTrader specialist here to help!
We offer multiple datafeeds integrated into NinjaTrader such as CQG & Zenfire.
24 hour trade desk and technical support desk.

I want to personally extend myself as the futures.io (formerly BMT)F point of contact. If you are an AMP existing customer or a prospective trader looking for the best NinjaTrader brokerage and you want to get your answers filled, call me directly 312 893 7700

Also, any feedback (good or bad) please email me directly.

The name of your AMP contact will be useful in rewarding good service and correcting faults.

Dan Culp

Reply With Quote
 
(login for full post details)
  #95 (permalink)
 PaperTrader 
Malaysia
 
Experience: None
Platform: Free
 
Posts: 105 since Aug 2011
Thanks: 126 given, 21 received


AMP Trading View Post
I am truly shocked after reading this thread. I can not believe what I am reading.

AMP prides itself in being the largest NinjaTrader brokerage, over 30+ NinjaTrader specialist here to help!
We offer multiple datafeeds integrated into NinjaTrader such as CQG & Zenfire.
24 hour trade desk and technical support desk.

I want to personally extend myself as the futures.io (formerly BMT)F point of contact. If you are an AMP existing customer or a prospective trader looking for the best NinjaTrader brokerage and you want to get your answers filled, call me directly 312 893 7700

Also, any feedback (good or bad) please email me directly.

The name of your AMP contact will be useful in rewarding good service and correcting faults.

Dan Culp

so have anyone called Dan yet?

appreciated if someone can share their experience here

Reply With Quote
 
(login for full post details)
  #96 (permalink)
Ilovetotrade
Edmonton, Alberta
 
 
Posts: 22 since Feb 2011
Thanks: 0 given, 7 received

I suggest to you to run as far away as you can from Amp. They screwed me with a $9600 loss on a trade I never placed (not to mention some other small losses), there is no support at all, the people I dealt with knew practically nothing, the quote "experienced fellow" I worked with didn't and couldn't even come up with the symbol for the Russell. As far as working with Dan, lots of promise but alot of hot air. At that time didn't have a direct line to trading and one time I phoned there 5 minutes before the market closed and they didn't answer, got a recording. If that is the kind of service you want, they would definitely fill your need. Don't say that you weren't warned.
Hope this helps

Reply With Quote
 
(login for full post details)
  #97 (permalink)
 supermht 
Naperville IL
 
Experience: Intermediate
Platform: ninjatrader
Broker: NT broker
Trading: NQ ES 6E GC CL
 
Posts: 958 since Feb 2010
Thanks: 1,189 given, 658 received

I totally agree with you. stay away from AMP, well if people want to put their risky money in AMP, good luck!!!.
from my experience with AMP, their risk management sucks. I remember their account manager's name is Thien, a bastard

Reply With Quote
 
(login for full post details)
  #98 (permalink)
 AMP Trading 
Chicago
 
 
Posts: 40 since Feb 2011


supermht View Post
I totally agree with you. stay away from AMP, well if people want to put their risky money in AMP, good luck!!!.
from my experience with AMP, their risk management sucks. I remember their account manager's name is Thien, a bastard

Risk Management sucks? We offer the lowest daytrade margins in the industry - only $400 on the ES for example. Only time risk manager is involved is if you lose 80% of your account balance in 1 day.

Please explain further your concerns about AMP risk managment.

Dan

Reply With Quote
 
(login for full post details)
  #99 (permalink)
 kronie 
NYC + NY / USA
 
Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009


AMP Trading View Post
Risk Management sucks? We offer the lowest daytrade margins in the industry - only $400 on the ES for example. Only time risk manager is involved is if you lose 80% of your account balance in 1 day.

Please explain further your concerns about AMP risk managment.

Dan

I think your firm would be great if you didn't hold grudges, seems those last forever, burning bridges in this close knit, loosely formed, community is not only a contradiction its expensive on the advertising budget....

cheers

Reply With Quote
 
(login for full post details)
  #100 (permalink)
 kronie 
NYC + NY / USA
 
Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009


supermht View Post
I totally agree with you. stay away from AMP, well if people want to put their risky money in AMP, good luck!!!.
from my experience with AMP, their risk management sucks. I remember their account manager's name is Thien, a bastard

not surprising to here those sentiments,

I've heard similar, and frankly agree....

there are other excellent firms, with brokers of integrity


hint, hint, wink, wink

Reply With Quote


futures io Trading Community Trading Reviews and Vendors Brokers > AMP Futures and Mirus (NinjaTrader Brokerage as of June 30 2014), which one is better


Last Updated on January 9, 2017


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April

Seven Trading Mistakes Solved With Smart Trading Tools w/Brannigan Barrett

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts