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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

  #241 (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

Absolutely incredible

I can imagine folks would find Amp useful if and only if they never had to interact with another human being at the firm. That would mean a trade never goes awry, banking happens flawlessly, and there's never a glitch in their technology. If there is a breakdown in any of those things & you have to interact with somebody there, it'll leave such a foul taste in your mouth you'll immediately run screaming someplace else (anywhere else). And that's a risky state to be in.

I can't see how a firm like amp survives long term (>5 years).

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  #242 (permalink)
Trading Apprentice
Zagreb
 
Futures Experience: Beginner
Platform: Ninja trader
Broker/Data: TT
Favorite Futures: Futures
 
Posts: 7 since Jul 2011
Thanks: 2 given, 1 received

AMP

I was trading with for three months.
I suppose that every client is connected to the Exchange. But later if they see that You are not a sucssessfull trader, they disconnect you from the exchange and loosing trades from you, they get the money.
I saw that on exchange the trades are executed very fast. Later if the client is in larger gains, closing is very poor and slow. Similar by forex brokers(market makers).
That is my experience and only my opinion.
I cant assert it 100%, but I felt somehow the difference.
I was using at the samr time two brokers, Infinity besides. Prices is comming from the exchange, they have not to be different. They must be the same if you participate on the same exchange. I traded currency futures only.
So I cant guess wich from this two is the right one.
Mirus, I had only Demo.
They always told: it depends from Internet connection. I did test ping several times, it was from Croatia to Chicago 90 miliseconds.
Internet connection, no question.

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  #243 (permalink)
Elite Member
Amherst, New York
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES, 6E
 
Posts: 75 since Jun 2010
Thanks: 13 given, 14 received

AMP connection


I never had a problem with AMP connection or execution unless I was using wifi which is on me...I have dealt with with Dan and tech support team without issue. I learned the hard way that you need a good internet connection or else things get ugly fast but that has nothing to do with AMP...

One time I was disconnected talking to the tech guy and he called back faster than I could dial the number back to him

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  #244 (permalink)
Elite Member
Cucamonga, CA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Optimus & Rithmic
Favorite Futures: TF
 
kalalex's Avatar
 
Posts: 197 since Mar 2011
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sandman View Post
I can imagine folks would find Amp useful if and only if they never had to interact with another human being at the firm. That would mean a trade never goes awry, banking happens flawlessly, and there's never a glitch in their technology. If there is a breakdown in any of those things & you have to interact with somebody there, it'll leave such a foul taste in your mouth you'll immediately run screaming someplace else (anywhere else). And that's a risky state to be in.

I can't see how a firm like amp survives long term (>5 years).

It's all behind me now,,,,or I thought so.

I left them a couple of months ago but I still get monthly statements over email.
I sent emails a few times to request the account "closed" and nothing happens,,,no reply nor results.

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  #245 (permalink)
Elite Member
Pt Vala
 
Futures Experience: Advanced
Platform: Proprietary
Favorite Futures: CL, EUR, DAX
 
Posts: 58 since Apr 2010
Thanks: 12 given, 30 received


kalalex View Post
It's all behind me now,,,,or I thought so.

I left them a couple of months ago but I still get monthly statements over email.
I sent emails a few times to request the account "closed" and nothing happens,,,no reply nor results.

Be sure that Mirus (RCG) is doing the same thing:

Refusing to close my account.
Continuously sending account statements.

No difference between the two in this aspect.

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  #246 (permalink)
Trading Apprentice
Melbourne + Australia
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: XT (Aussie 10 year Bond)
 
Posts: 7 since Jun 2012
Thanks: 1 given, 4 received

I opened an account with AMP and have transferred money to the account. I am unable to get any details about the funds or any access to a platform. Have not had even one response to the many emails i have sent for the past 3 weeks

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  #247 (permalink)
~R!$K~
Volcano, HI
 
Futures Experience: None
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Futura2000
 
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Posts: 188 since Dec 2009
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havaiana View Post
I opened an account with AMP and have transferred money to the account. I am unable to get any details about the funds or any access to a platform. Have not had even one response to the many emails i have sent for the past 3 weeks

Have you tried calling? Try calling them sometime in the morning central time...

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  #248 (permalink)
Elite Member
San Diego, Miami & On the lake (Summer)
 
Futures Experience: Advanced
Platform: Ensign, Ninja, Sierra, TradeStation & MT4
Broker/Data: CQG, TT & FinFX
Favorite Futures: indices/notes/currencies/ metals/energies
 
Posts: 368 since Oct 2009
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havaiana View Post
I opened an account with AMP and have transferred money to the account. I am unable to get any details about the funds or any access to a platform. Have not had even one response to the many emails i have sent for the past 3 weeks

----------
Oh,

Hi there havaina,

I dogged you out on ET; sorry about that.

Use the phone (even if you are not funded). Use their 'prompts' and someone will check everything for you.

Email can get lost or into 'spam' or ???

Phone is easier and faster (even if you prefer email). Even over there in Aussie-ville~~I believe it is a free call to the states, no?

peace

hedvig


Last edited by researcher247; June 26th, 2012 at 03:18 AM. Reason: I am illiterate today...
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  #249 (permalink)
Elite Member
Sydney / Australia
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP
Favorite Futures: Oil
 
Posts: 116 since Jun 2009
Thanks: 125 given, 103 received

I too have had similar problems with them as well. Ironically i COULD NOT get my money out as well. After repeated attempts to email, nothing happened. I think its generally the problem with large brokers. You are just a account number using their service. They are not supplying you one.
I eventually got my money out of AMP, and went to PFG where I had the SAME PROBLEM.
Then I took a chance with OPTIMUS, and haven't been disappointed. Money can be taken out the next day!

MattZ is the ManZ

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  #250 (permalink)
Elite Member
Tampa, FL
 
Futures Experience: Advanced
Platform: NT, SC
 
Posts: 44 since Jun 2010
Thanks: 10 given, 32 received


+1 on the thought of calling. I like email, too, and I think some feel uncomfortable on the phone with brokers, maybe if they're new to trading, that they don't know how it all works? I don't know, but the thought of sending emails for weeks and not simply calling seems like an odd choice.

I've had the email not acknowledged with AMP, too, but got them on the phone fine. It could be that they have a central email address, not individualized? I don't recall. My infinity broker has been great for email, and he has one dedicated to him. Perhaps that little tweak, of assigning a person a specific broker with an individualized email as soon as they even do a demo account would solve much of these problems. But until then, definitely call on the phone.

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