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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

  #271 (permalink)
Elite Member
Rio de Janeiro - Brazil
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: Stage5/IQFeed
Favorite Futures: ES
 
GentleTrader's Avatar
 
Posts: 85 since Jun 2009
Thanks: 6 given, 47 received

It took me hours with the Tech guy to make a wire out of AMP. I had to fill out the form more than 30 times,in differents browsers and versions. And the guy even told me to reboot my machine! Come on! It was just an HTML form! Don't trust the TI guys at AMP futures anymore.

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  #272 (permalink)
Elite Member
Auburn California
 
Futures Experience: Beginner
Platform: TOS, Ninja Trader
Favorite Futures: Spot Forex
 
Posts: 162 since Aug 2011
Thanks: 48 given, 36 received

my experience with AMP and MIRUS

I had both an AMP and Mirus account. I am no longer with either as I have moved to spot forex. AMP seemed fine. I had a small issue with Ninja. My rep tried to figure out the problem. Made negative comments on my small account size ( he forgot he told me to open a $500 trial account to check them out in the first place--which I did!) and then lost interest in solving the problem. Overall the guy was nice but very salesman like. Their feed seemed fine. When I closed the account I got my check in a few days. A few months latter I was getting call backs from AMP. Mirus had the best customer service. My rep, Rich, was a great guy, down to earth, very helpful, and supportive. When I closed my account I got a check within a few days as well. Rich was very nice about everything. I personally would go with Mirus over AMP based on customer service alone. I am now using TOS with TD Ameritrade for spot forex. I have a love hate relationship with them

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  #273 (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


If there are any questions about how Mirus deals with customers
might be worth to look into this site:

http://forums.zenfire.com


It's their "support" site for API developpers.
It is now dead.
From the last posts you can find out why.

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  #274 (permalink)
Elite Member
Auburn California
 
Futures Experience: Beginner
Platform: TOS, Ninja Trader
Favorite Futures: Spot Forex
 
Posts: 162 since Aug 2011
Thanks: 48 given, 36 received


uexkuell View Post
If there are any questions about how Mirus deals with customers
might be worth to look into this site:

http://forums.zenfire.com


It's their "support" site for API developpers.
It is now dead.
From the last posts you can find out why.



Don't follow can you expand?

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The following user says Thank You to AuburnTrader for this post:
 
  #275 (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

Problems filling out a simple wire request? Some of the complaints about AMP may be attributed to general user issues rather than to AMP. I have done many wires at AMP without any problems

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The following 3 users say Thank You to traderjcf for this post:
 
  #276 (permalink)
Banned: trolling
NYC + NY / USA
 
Futures Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009
Thanks: 216 given, 498 received


uexkuell View Post
If there are any questions about how Mirus deals with customers
might be worth to look into this site:

http://forums.zenfire.com


It's their "support" site for API developpers.
It is now dead.
From the last posts you can find out why.

"If there is any question?"

there are no questions!, Mirus over AMP, any day of the week, and twice on weekends!

So many professional traders and sophisticated retail traders use Mirus that the only problem you should have (except for the whiners and children type traders needing a thousand hours hand holding),

the only problem you should have, is in getting through to the same broker when he's handling another account's call.

Peregrine Financial, or whomever was in the news recently, where the 2nd or 3rd in charge took over $228 million customer funds for his own trading purposes.....

DUH...

Corazine's defunct firm that took well over $1 billions customer funds, and created a new verb in the process: "disappeared the funds", according to so many published news stories....

DUH....

We recently received more than one sincerely written letter from the principals of Mirus, and their clearing agents regarding their commitment to vigilance regarding the sanctity of customer funds, and preserving them....

DUH....

so, what matters most?
I think right up there, next to making a profitable trade, is knowing that my balances are and will still be properly and legally segregated and available for my purposes, not others...

DUH....

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  #277 (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


uexkuell View Post
If there are any questions about how Mirus deals with customers
might be worth to look into this site:

http://forums.zenfire.com


It's their "support" site for API developpers.
It is now dead.
From the last posts you can find out why.


AuburnTrader View Post
Don't follow can you expand?


Did you read the last forum entries?



In the last entry (from Thu Dec 08, 2011 8:21 pm) you can find this:


FutureScalper
... one of the general requirements of writing to the API would
be an account balance of $25,000. I'm not sure that Tony had known to
mention it to you before which is why I mention it here. The current level
of funding in your account would prevent you from being approved.
....
we do an interview with each developer/company before sending off the documentation
and login details.

Does this sound like reasonable conditions?

And what is worst: They change their conditions with the blink of an eye.

The post may give some of the reasons why retail developpers left Mirus
and why there are no more forum entries.





Also of interest:

First MFG(lobal), Now PFG: Who Is Next? | ZeroHedge

Check the list and see where you find RCG through which Mirus is clearing.

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  #278 (permalink)
Trading Apprentice
Melbourne Australia
 
Futures Experience: Advanced
Platform: NT T4 CQG
Favorite Futures: ES 6E
 
Posts: 18 since Feb 2012
Thanks: 1 given, 7 received


kronie View Post
Mirus over AMP, any day of the week, and twice on weekends!

Mirus is a broker/dealer, AMP is just a broker, please tell me you know the difference between them?
And Mirus was bought not long ago by a prop trading firm hard eight futures, im not sure if that is such a good thing.

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  #279 (permalink)
Trading Apprentice
Melbourne Australia
 
Futures Experience: Advanced
Platform: NT T4 CQG
Favorite Futures: ES 6E
 
Posts: 18 since Feb 2012
Thanks: 1 given, 7 received


traderjcf View Post
Yes, AMP is one of the only FCM with no regulator action against it by the NFA
or CFTC....

Yes but it is very "new"

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  #280 (permalink)
Trading Apprentice
Melbourne Australia
 
Futures Experience: Advanced
Platform: NT T4 CQG
Favorite Futures: ES 6E
 
Posts: 18 since Feb 2012
Thanks: 1 given, 7 received



uexkuell View Post

Also of interest:

First MFG(lobal), Now PFG: Who Is Next? | ZeroHedge

Check the list and see where you find RCG through which Mirus is clearing.

I don't know what on Earth to think of that really, when Goldman Sachs Atlas proprietary risk rating is 82, and RCG is 34. PFG was 37 and Credit Suisse is 69

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