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

  #171 (permalink)
Elite Member
Tuscaloosa, Alabama
 
Futures Experience: Intermediate
Platform: NT7, TOS
Favorite Futures: Futures, Equities
 
Posts: 19 since Aug 2011
Thanks: 5 given, 6 received


yusaf View Post
I was thinking of joining Mirus. I know mike is with them and would like to know how he is getting along with them. How are the fills and slippage and things like that. Would apreciate it if anyone using Mirus could reply.

Thanks

By the way, I never thanked Mike for his work. so thanks a lot for all your effort and guidance and your commitment to help others.


One of my accounts is with Mirus / Zen Fire.

I have had a great experience so far. I was funded and trading within 48 hours.

Fills and slippage to me are more about the instrument that you are trading / volume / etc.

Relentless

High-Tech Redneck
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  #172 (permalink)
Elite Member
London, UK
 
Futures Experience: Intermediate
Platform: Ninjatrader, Motivewave, tradestation and metatrader
Favorite Futures: eur/usd, Oil, ES
 
Posts: 16 since Sep 2011
Thanks: 3 given, 12 received

Joined mirus

I have joined mirus and will keep you guys updated if I find something I should put here. So far the account opening has been smooth and the representative is extremely helpful.

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  #173 (permalink)
Trading Apprentice
Moscow
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Amp Futures/Zen-Fire
Favorite Futures: ES
 
Posts: 1 since Oct 2009
Thanks: 1 given, 0 received


Mirus is better

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  #174 (permalink)
Trading Apprentice
Toronto, Canada
 
Futures Experience: Beginner
Platform: CTS T4
Favorite Futures: TF,YM
 
Posts: 19 since Sep 2011
Thanks: 3 given, 5 received

I use Mirus with Dorman. it is ok. no disconnection in recent months.

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  #175 (permalink)
Elite Member
London, UK
 
Futures Experience: Intermediate
Platform: Ninjatrader, Motivewave, tradestation and metatrader
Favorite Futures: eur/usd, Oil, ES
 
Posts: 16 since Sep 2011
Thanks: 3 given, 12 received

update on mirus

Hi guys,

Its been a week since I am live on mirus RCG. so far very happy with them specially with my account manager. Zenfire data is nice as well. i used to pay kinetick for unfiltered data but now no more.

the only thing i am not really too keen on is that they dont have a platform so that i can keep track of my account, orders and positions. but then again i am new to Mirus and maybe RCG offers something. I need to find out.

Happy trading guys.

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  #176 (permalink)
Trading Apprentice
Arkansas USA
 
Futures Experience: Advanced
Platform: NeoTicker
Broker/Data: OEC
Favorite Futures: NG
 
Posts: 45 since Feb 2011
Thanks: 8 given, 6 received

Mirus hold My check 10 business day!

Mirus hold My check 10 business day! Is it new standard or personal attention?


"Slava,

The funds have not been added to the account though. There is a 10 business day holding period before the funds are available for trading.

Thanks,
Brian"

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  #177 (permalink)
 Vendor: tradingcode.net 
The Netherlands
 
Futures Experience: None
Platform: MultiCharts, TradingView
Favorite Futures: ...
 
Jura's Avatar
 
Posts: 774 since Apr 2010
Thanks: 2,347 given, 661 received


Slava23 View Post
Mirus hold My check 10 business day! Is it new standard or personal attention?

According to their own site:

Quoting 
Please note there is a 10 day holding period before funds are made available for trading in your account when funding by check.

Source: Funding Instructions | Mirus Futures

This applies both to Dorman and Rosenthal Collins accounts, so no personal attention but standard practice.

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  #178 (permalink)
Elite Member
Florida
 
Futures Experience: Intermediate
Platform: NinjaTrader, TOS
Broker/Data: AMP/CQG (former accts: Mirus, Lightspeed)
Favorite Futures: Crude and ES
 
Posts: 12 since Jul 2010
Thanks: 1 given, 5 received

Mirus is better

I use Mirus and clear through Dorman. I like Mirus. Executions and commissions are fine. If you want to fund your account quicker, use a wire transfer.

I did look into Amp but ran away from them. They were too agressive. They were calling me everyday and inundating me with emails to open an account quickly. Even to this day, after teling them I wasn't interested, Amp still calls me. I've had Dan and his associates cold call me numerous times. Mirus is nicer. No pressure from anyone and I can get a hold of my contact easily.

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  #179 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Stocks
 
Posts: 10 since Aug 2011
Thanks: 11 given, 0 received

I agree. I also went with Mirus after looking at both of them. The thing that turned me off with Amp was that they spammed my email with multiple emails a day after I contacted them. I still get a few a week.

No problems with Mirus service so far, and they have been very responsive the couple of times I've had to call them.

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  #180 (permalink)
Elite Member
San Antonio, Texas
 
Futures Experience: Intermediate
Platform: NinjaTrader, MT4
Favorite Futures: Currency Futures
 
Posts: 29 since Sep 2011
Thanks: 3 given, 14 received

Traded both side by side for 3 months


I traded same positions, same lot size with roughly the same account size.

Mirus is vastly superior. No comparison.

At amp, emails go unanswered, and the emergency trade line hung up on me.

Then one day, I had something really strange happen with an open eurofx position at amp. My cost basis moved 40 pips against me. I hadn't traded the contract or anything. Just out of the blue.

I asked the amp rep about it & the first words out of his mouth were: "I'm not surprised you're having problems managing a single contract position.". He continued by saying my post made no sense, they reported positions daily to thus & so & just generally implied I was a tiny trader who was crazy (I'm neither). Never an offer to investigate, try & find out what happened, make me whole if I lost (it was so confusing, I honestly couldn't tell).
And he did that on an open forum.

And that was all I needed to know. I was very angry. At best, amp is rude, inefficient & doesn't take its customers seriously. At worst, they are dishonest.

They also do their own clearing which looks like it may be done out of a garage. They have less than $1 million in available capital & less than $30 million in client assets. That should be a concern in the aftermath of MF Global.

Trading at Mirus, by contrast was flawless & without a hitch. Emails & phone calls answered almost immediately. With Mirus you can clear through Dorman or Rosenthal Collins (I choose the latter, since they've been around since 1928 with >$1 billion in client assets).

I consolidated the accounts at Mirus.

I wouldn't waste time/money/aggravation at Amp.

JMHO.

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