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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

  #361 (permalink)
 Vendor: ninjatraderbrokerage.com 
Chicago IL
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: 6E
 
NT Brokerage's Avatar
 
Posts: 70 since Jul 2014
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EuroMark View Post
Can anybody tell me if AMP/Mirus charge cancellation/modification fee trading Eurex???

Thanks in advance


ps: In slow markets I have this dumb habbit to cancel at least a couple of times before buy/sell @ ask/bid

There is no charge for cancels or modifcation of Eurex orders at NinjaTrader Brokerage.

Risk Disclosure: Futures and forex trading involves significant risk of loss and is not appropriate for everyone.
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  #362 (permalink)
Elite Member
The Netherlands
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB + AMP or Mirus (In progress)
Favorite Futures: FDAX, CL, GC, 6E, NQ, YM
 
Posts: 14 since Sep 2010
Thanks: 3 given, 3 received

Thank you Mr Ninja Trader

AMP vs Mirus/Dorman 1:0 and another for Ninja Trader for the quick response (as always)

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  #363 (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, 1,372 received



EuroMark View Post
Thank you Mr Ninja Trader

AMP vs Mirus/Dorman 1:0 and another for Ninja Trader for the quick response (as always)

On my AMP account I have never been charged fees for cancelling or changing an order on Eurex.

If you are looking for AMP themselves to confirm this here, you will not get a reply as they are banned from posting here. So you will need to email your AMP broker directly.

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  #364 (permalink)
Elite Member
Hong Kong
 
Futures Experience: Beginner
Platform: Jforex, MetaTrader4, NinjaTrader, MultiCharts, Sierra Chart
Favorite Futures: TF, NG, CL, GC, FDAX, FGBL
 
Posts: 38 since May 2013
Thanks: 37 given, 35 received

My experience

I've been with both brokers, and my experience was:

*Mirus*
Very efficient, good service, never had a problem with them.


*AMP*
The lowest commission that I know, if you don't mind connecting to TTnet. (If you only connect to CQG/Continuum and you have a lifetime license of Ninjatrader, then the new Ninjatrader Brokerage has lower commission).
AMP has the poorest service I've encountered among brokerage firms; I can't even recall the number of my emails that they either ignored or responded partially! So yeah, if you don't care about service...

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  #365 (permalink)
Trading for Fun
Los Angeles, CA
 
Futures Experience: Beginner
Platform: ThinkorSwim
Favorite Futures: Softs
 
Posts: 68 since Dec 2011
Thanks: 55 given, 31 received


EuroMark View Post
Thanks for the reminder Mike,

The only reason why I am opening a new account is that AMP as well as Mirus require less margin. Since I make money by scalping the $500 margin with most of the instruments and the $2500 margin for FDAX is very temping to lure me in

So far: my application has already been approved with AMP, but haven't heard anything from Dorman yet. So I forwarded my reply to Ninja Trader support requesting them to forward it to the right division.

So far 1-0 for AMP vs Mirus/Dorman

Will keep you updated when it comes to trading and commission with at least one of them compared to IB

To each his own, but I kind of question why anyone would do business with a company that has been openly hostile towards this community/Big Mike.

You can get low intraday margins on a number of products from a number of brokers. I don't think AMP has cornered the market on low margins.

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  #366 (permalink)
Elite Member
The Netherlands
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB + AMP or Mirus (In progress)
Favorite Futures: FDAX, CL, GC, 6E, NQ, YM
 
Posts: 14 since Sep 2010
Thanks: 3 given, 3 received

Update AMP vs Mirus

As promised I will keep those who are interested updated about the progress of my application/trading experience with at least one of the 2 brokers.

My account has already been approved after providing the usual requirements such as passport, prove of address... so far so good with AMP (Only need to fund it, but still hesitating cause I am not really willing to help the enemy of my BRO "Mike" of this website)

On the other hand,

With NinjaTrader Brokerage they ask me all kinds of things. The problem is when they asked my name and family name (during application) I filled in as they asked. Now they fuss about the letter of my second name as stated on my bank statement and my passport. Duhhh, if you don't ask for my NAMES you will get only my name, since I am not going to say I am Jonathan David Marcus Micheal Davenport.

Second of all, they asked about my business. Is it of their concern??? NO!!! (but ok, I politely answered)

BUT then,

Dorman/NinjaTrader Brokerage asked me about another prove such as a utility bill which will prove my name (as if my passport is saying otherwise). I got so pissed, so I said "NO" so I send them a statement of my American Express Centurion card, and explained them they can read all about the American Express "Black card" on the net or even call American Express, and then decide whether I am a valuable new customer or not.

To be continued...


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  #367 (permalink)
Elite Member
The Netherlands
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB + AMP or Mirus (In progress)
Favorite Futures: FDAX, CL, GC, 6E, NQ, YM
 
Posts: 14 since Sep 2010
Thanks: 3 given, 3 received


steve2222 View Post
On my AMP account I have never been charged fees for cancelling or changing an order on Eurex.

If you are looking for AMP themselves to confirm this here, you will not get a reply as they are banned from posting here. So you will need to email your AMP broker directly.


Thank you steve2222, IB charges cancellation/modification fee, but you do get E2.50 credit when your order gets filled. So when you get in and get out you got E 5.- credit (enough to cancel/modify 10 x E .50=0)
That's one of the reasons why I consider opening another account somewhere else.

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  #368 (permalink)
Elite Member
Houston, Texas
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: futures
 
learning0101's Avatar
 
Posts: 247 since Aug 2011
Thanks: 3,400 given, 185 received

what's the point


EuroMark View Post
As promised I will keep those who are interested updated about the progress of my application/trading experience with at least one of the 2 brokers.

My account has already been approved after providing the usual requirements such as passport, prove of address... so far so good with AMP (Only need to fund it, but still hesitating cause I am not really willing to help the enemy of my BRO "Mike" of this website)

On the other hand,

With NinjaTrader Brokerage they ask me all kinds of things. The problem is when they asked my name and family name (during application) I filled in as they asked. Now they fuss about the letter of my second name as stated on my bank statement and my passport. Duhhh, if you don't ask for my NAMES you will get only my name, since I am not going to say I am Jonathan David Marcus Micheal Davenport.

Second of all, they asked about my business. Is it of their concern??? NO!!! (but ok, I politely answered)

BUT then,

Dorman/NinjaTrader Brokerage asked me about another prove such as a utility bill which will prove my name (as if my passport is saying otherwise). I got so pissed, so I said "NO" so I send them a statement of my American Express Centurion card, and explained them they can read all about the American Express "Black card" on the net or even call American Express, and then decide whether I am a valuable new customer or not.

To be continued...



Hi @EuroMark what is the point of your postings, I mean yes they ask questions, after all it's an application to do business with them(the broker)??
Either you open or you don't, who is holding the gun to your head-- if you are upset or not comfortable--move on to a different broker. Not like there are not many to chose from!
Wish you the best in whatever is yu decide

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  #369 (permalink)
Trading Apprentice
Toronto/Ontario
 
Futures Experience: Intermediate
Platform: Turbo, Ninja, MT
Favorite Futures: ES, GC, CL, FDAX
 
Posts: 33 since Mar 2010
Thanks: 0 given, 1 received


EuroMark View Post
Thank you steve2222, IB charges cancellation/modification fee, but you do get E2.50 credit when your order gets filled. So when you get in and get out you got E 5.- credit (enough to cancel/modify 10 x E .50=0)
That's one of the reasons why I consider opening another account somewhere else.

IB has been doing that for a while.
Is there other broker give credit as well after its filled?

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  #370 (permalink)
Trading for Profit
Atlanta GA USA
 
Futures Experience: Advanced
Platform: thinkorswim/Ninja Trader
Favorite Futures: stock options; ES, TF, 6E, 6J
 
Posts: 214 since Aug 2013
Thanks: 51 given, 206 received



learning0101 View Post
Hi @EuroMark what is the point of your postings, I mean yes they ask questions, after all it's an application to do business with them(the broker)??
Either you open or you don't, who is holding the gun to your head-- if you are upset or not comfortable--move on to a different broker. Not like there are not many to chose from!
Wish you the best in whatever is yu decide

Apparently he doesn't have a utility bill in his name.

Standard request for the utility bill. I had to do the same thing with Infinity.

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