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AMP Futures and Mirus (NinjaTrader Brokerage as of June 30 2014), which one is better
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).
Can you help answer these questions from other members on NexusFi?
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.
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
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.
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
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!
+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.
