AMP Futures / AMP Global Review - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


AMP Futures / AMP Global Review
Updated: Views / Replies:116,695 / 359
Created: by kalalex Attachments:21

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 21  
 
Thread Tools Search this Thread
 

AMP Futures / AMP Global Review

  #291 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,043 since Sep 2010
Thanks: 1,912 given, 2,750 received
Forum Reputation: Legendary


Delawer View Post
Yes, I had no enough capital in the account (I begun with 500-1000e), to hold the risk of a volatile move.. Well I am familiar wiith... clearing.. etc.. But.. market kick me off in that case :S (probably i was at the wrong side for too long but what instrument do you recomend me to avoid in example 30 basis points of risk? That is too much money to risk with.

You wrote "Anyway Im afraid of burn again my account with them but, do anyone knows another good futures broker that allow cqg or xtrader and that cheap ES?"

This gave the impression that the broker had something to do with your losses. In reality you were under capitalized, and could not withstand the leverage associated with futures.

Matt
Optimus Futures

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

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
The following 5 users say Thank You to mattz for this post:
 
  #292 (permalink)
Elite Member
Louisville, Kentucky
 
Futures Experience: Intermediate
Platform: Sierra Chart, IRT
Broker/Data: Various
Favorite Futures: Futures
 
empty's Avatar
 
Posts: 92 since Oct 2012
Thanks: 1,906 given, 177 received

Not enough captial


Delawer View Post
Yes, I had no enough capital in the account (I begun with 500-1000e)

That's simply not enough capital to trade Futures. You should consider something like Forex where you can scale back your risk whilst learning. With Forex you can risk very small amounts per price movement. This affords you the opportunity to have real risk / money on the trade and figure out your trading plan, but will not take you out of the game while learning.

I really enjoy Futures and I think a centralized exchange has a lot of benefits, but with that amount of capital you need to consider lower risk options when you're learning.

Empty

Reply With Quote
The following 3 users say Thank You to empty for this post:
 
  #293 (permalink)
Elite Member
LEON / SPAIN
 
Futures Experience: Intermediate
Platform: Ninjatrader, Bookmap
Broker/Data: TT/Amp, IQFEED
Favorite Futures: Stocks, FUTURES
 
Posts: 22 since Sep 2014
Thanks: 2 given, 1 received



empty View Post
That's simply not enough capital to trade Futures. You should consider something like Forex where you can scale back your risk whilst learning. With Forex you can risk very small amounts per price movement. This affords you the opportunity to have real risk / money on the trade and figure out your trading plan, but will not take you out of the game while learning.

I really enjoy Futures and I think a centralized exchange has a lot of benefits, but with that amount of capital you need to consider lower risk options when you're learning.

Empty

Men, but I did a huge research and in forex the price moves to the losers side XD. Someone have to loose a lot to that i can a little XD.

About you say in stop loss, do you really think im going to buy something and announce sell it cheaper? WTF.

Reply With Quote
 
  #294 (permalink)
Elite Member
Washington DC
 
Futures Experience: Intermediate
Platform: InvestorRT
Broker/Data: TD Ameritrade, AMP/CQG
Favorite Futures: ES
 
Posts: 206 since Aug 2014
Thanks: 74 given, 267 received


mattz View Post
You wrote "Anyway Im afraid of burn again my account with them but, do anyone knows another good futures broker that allow cqg or xtrader and that cheap ES?"

This gave the impression that the broker had something to do with your losses. In reality you were under capitalized, and could not withstand the leverage associated with futures.

Exactly. This is what I was trying to clarify with the original poster.

Reply With Quote
The following user says Thank You to cogito for this post:
 
  #295 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


GaryD View Post
They will send you a commission quote if you request it, you pick your instrument, platform and data feed, and can compare them. There is a link you will receive. and you can try all kinds of pricing options. The TT Net feed was the least expensive for me using Sierra. About 20%v lower than what I have been paying, and seriously no difference in quality.

I use 2 and 3 tick charts for microscopic views, and 1 minute for volume. I ran one , then the other (Rithmic), back to back, side by side. TT Net is pure seamless.

Now, I have seen variances in calculation of things, like VPOC between data feeds, and in that regard there did seem to be difference between almost all data providers. Price moves up and down, trade accordingly.

A data feed that keeps up with real time, zero lag, never goes out... That is what TT Net has been since day one, and every day after. And costs the least of any other combination (+ Sierra) that I have ever tried.

Hi GaryD,

Rare review on TT. Maybe most members here use Rithmic. I appreciate the experience you share. Your chart setup are more or less like mine.



Thanks

Reply With Quote
 
  #296 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


steve2222 View Post
@torroray

AMP has this on-line calculator that lets you work out what the commission will be for various platform/data feed combinations.

https://portal.ampclearing.com/account/commissionquote.aspx


I also use TTnet (with SC) and I too can confirm I have had zero issues with the feed. It is fast reliable and seems (always hard to prove) to give me better fills.

Although you need to know that TTnet's recording of the trade as having occurred at the bid or ask is unreliable. Also it is not possible to get your live trade account balance with TTnet - you need to wait until AMP send you your daily statement (of course your trading platform will still give you it's view of your intraday performance).

There is also no web or mobile access to TTnet, so if something goes wrong with your trading software etc, you can't log onto TTnet via your phone and manage your trades - you will have to call AMP.

So yes it is cheaper, but that is probably because of some of the shortfalls above.

Hi Steve,

Can you use some other free platform to manage your trade if anything bad happen?

Thanks

Reply With Quote
 
  #297 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,371 received


torroray View Post
Hi Steve,

Can you use some other free platform to manage your trade if anything bad happen?

Thanks

@torroray

No. You couldn't use a paltform that was being feed with CQG or Rithmic (for instance) if your original trades were placed at the exchange via TTnet.

The only option is the one @mattz suggests in post #283. I have not had a chance to talk to AMP to see if I had X-Trader (a TT platform) could I use it to manage trades routed through TTnet off my SC platform without paying excessive fees for having X-Trader just for disaster recovery.

Clearly, from post 283, Matt is saying he could run this setup for you at Optimus using SC as your primiary platform and TT's platform (X-Trader, I think) as a back up for no additional cost.


Last edited by steve2222; September 28th, 2015 at 08:02 AM. Reason: Optimus
Reply With Quote
The following user says Thank You to steve2222 for this post:
 
  #298 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,043 since Sep 2010
Thanks: 1,912 given, 2,750 received
Forum Reputation: Legendary


steve2222 View Post
@torroray

No. You couldn't use a paltform that was being feed with CQG or Rithmic (for instance) if your original trades were placed at the exchange via TTnet.

The only option is the one @mattz suggests in post #283. I have not had a chance to talk to AMP to see if I had X-Trader (a TT platform) could I use it to manage trades routed through TTnet off my SC platform without paying excessive fees for having X-Trader just for disaster recovery.

Clearly, from post 283, Matt is saying he could run this setup for you at Optimus using SC as your primiary platform and TT's platform (X-Trader, I think) as a back up for no additional cost.

@steve2222 to call TT fees "excessive" when you use it only for back up, is a bit of a gross exaggeration.
If you need to liquidate the last thing you need to do is think about an extra $1 RT while you have highly leveraged positions. Consider that TT is usually $700 to $1,500 with many FCMs, so an added dollar even for trading for such a caliber platform is reasonable. Also, if you were to call in any of the big wire houses may charge in access for $20 for call ins to flatten.

However, another thing comes to mind is the fact that through TT (to the best of my knowledge) you can set multiple logins credentials so long they are over the same IP. Namely, you can have SC and MC with the same TT credentials, and that way you pay less in execution if one platform malfunctions.

Clearly, one has to learn how to use any platform that he/she uses for back to avoid learning curves during what could be stressful moments

Thanks,
Matt
Optimus Futures

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

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

Last edited by mattz; September 28th, 2015 at 10:41 PM.
Reply With Quote
The following 3 users say Thank You to mattz for this post:
 
  #299 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,371 received


mattz View Post
@steve2222 to call TT fees "excessive" when you use it only for back up, is a bit of a gross exaggeration.
If you need to liquidate the last thing you need to do is think about an extra $1 RT while you have highly leveraged positions. Consider that TT is usually $700 to $1,500 with many FCMs, so an added dollar even for trading for such a caliber platform is reasonable. Also, if you were to call in any of the big wire houses may charge in access for $20 for call ins to flatten.

However, another thing comes to mind is the fact that through TT (to the best of my knowledge) you can set multiple logins credentials so long they are over the same IP. Namely, you can have SC and MC with the same TT credentials, and that way you pay less in execution if one platform malfunctions.

Clearly, one has to learn how to use any platform that he/she uses for back to avoid learning curves during what could be stressful moments

Thanks,
Matt
Optimus Futures

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

@mattz,

You have interpreted my reply incorrectly - I was not saying TT's fees were excessive as a back up option.

I was trying to say that the TT back up option would be fine as long as you were not paying TT's usual costs for the platform (as well as for the primary trading platform - SC). So my intention was for the poster to check there would be no large monthly fee from TT (like to $700 to $1500 you refer to).

You reply seems to suggest that TT as a back up would only costs a R/T fee if used and obviously no one is going to have a problem with that.

Reply With Quote
The following user says Thank You to steve2222 for this post:
 
  #300 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,043 since Sep 2010
Thanks: 1,912 given, 2,750 received
Forum Reputation: Legendary



steve2222 View Post
@mattz,

You have interpreted my reply incorrectly - I was not saying TT's fees were excessive as a back up option.

I was trying to say that the TT back up option would be fine as long as you were not paying TT's usual costs for the platform (as well as for the primary tradisung platform - SC). So my intention was for the poster to check there would be no large monthly fee from TT (like to $700 to $1500 you refer to).

You reply seems to suggest that TT as a back up would only costs a R/T fee if used and obviously no one is going to have a problem with that.

Understood. Since we were talking in the context of AMP/TT, I suggested that there is a pricing TT model only.
I understand that this may not be offered through everyone, so point well taken.

Thank you,
Matt
Optimus Futures

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

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
The following 2 users say Thank You to mattz for this post:

Reply



futures io > > > > AMP Futures / AMP Global Review

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
AMP Futures and Mirus (NinjaTrader Brokerage as of June 30 2014), which one is better owen Reviews of Brokers and Data Feeds 378 January 9th, 2017 01:17 AM
WWW.EFUTUREVISION.COM 'Elegant & High Win %--for selective/technical traders...review researcher247 Trading Reviews and Vendors 33 September 8th, 2016 01:20 PM
data for S&P futures jsd45 Emini Index Futures Trading 2 March 9th, 2012 02:19 PM
Trade & Hunt Futures Trading Futures Hunter Trading Journals 4 February 21st, 2012 05:29 AM
Stock, Option, Futures & FOREX broker? TonyB Reviews of Brokers and Data Feeds 8 November 16th, 2011 08:39 PM


All times are GMT -4. The time now is 09:53 AM.

Copyright © 2017 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
Page generated 2017-11-20 in 0.14 seconds with 20 queries on phoenix via your IP 54.198.134.32