NexusFi: Find Your Edge


Home Menu

 





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


Discussion in Brokers

Updated
      Top Posters
    1. looks_one Big Mike with 35 posts (58 thanks)
    2. looks_two kronie with 19 posts (1 thanks)
    3. looks_3 AMP Trading with 16 posts (7 thanks)
    4. looks_4 sandman with 13 posts (8 thanks)
      Best Posters
    1. looks_one scalpingticks with 9 thanks per post
    2. looks_two sysot1t with 8.3 thanks per post
    3. looks_3 SimpleSimon with 1.8 thanks per post
    4. looks_4 Big Mike with 1.7 thanks per post
    1. trending_up 192,376 views
    2. thumb_up 276 thanks given
    3. group 104 followers
    1. forum 378 posts
    2. attach_file 7 attachments




 
Search this Thread

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

  #1 (permalink)
 owen 
CT
 
Experience: Beginner
Platform: NinjaTrader, TradeStation
Posts: 13 since Aug 2009
Thanks Given: 0
Thanks Received: 6

AMP and Mirus, which one is better

Started this thread Reply With Quote
The following user says Thank You to owen for this post:

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Request for MACD with option to use different MAs for fa …
NinjaTrader
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
67 thanks
NexusFi site changelog and issues/problem reporting
47 thanks
Battlestations: Show us your trading desks!
43 thanks
GFIs1 1 DAX trade per day journal
32 thanks
What percentage per day is possible? [Poll]
31 thanks

  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,322 since Jun 2009
Thanks Given: 33,143
Thanks Received: 101,476


I just switched from Amp to Mirus after over a year, Mirus has better margins and commissions.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following 4 users say Thank You to Big Mike for this post:
  #4 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678


Big Mike View Post
I just switched from Amp to Mirus after over a year, Mirus has better margins and commissions.

Mike

Mike,

The account opening documentations with Mirus are all either RCG's or Dorman Trading's; so Mirus is a kinda IB to RCG and Dorman Trading. Did you consider opening your account directly with either RCG or Dorman ? What advantages (or disadvantages) do I have if I open an account directly with RCG or Dorman Trading
?

Lolu

Visit my NexusFi Trade Journal Reply With Quote
The following 2 users say Thank You to lolu for this post:
  #5 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,322 since Jun 2009
Thanks Given: 33,143
Thanks Received: 101,476

Lolu, I look forward to you doing extensive research and reporting back everything you find.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
  #6 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678


Big Mike View Post
Lolu, I look forward to you doing extensive research and reporting back everything you find.

Mike

Mike,

I'm in the process of opening a live account and I'm considering Mirus. On Mirus website the account opening process reveals RCG and Dorman. I later confirmed that RCG and Dorman are brokers too; in addition, they are clearing houses. These are all I know and need to know. However, I need advice from somebody like you (if you can give me) on the options I now know.

Lolu

Visit my NexusFi Trade Journal Reply With Quote
The following 2 users say Thank You to lolu for this post:
  #7 (permalink)
 
mohsin4you's Avatar
 mohsin4you 
Brampton,ONtario
 
Experience: Advanced
Platform: ninja trader
Broker: Mirus Futures/Zen-Fire
Trading: TF Russell 2000
Posts: 9 since Sep 2009
Thanks Given: 1
Thanks Received: 1

AMP is better

Reply With Quote
The following user says Thank You to mohsin4you for this post:
  #8 (permalink)
 bigtrader 
Houston, Texas
 
Experience: Advanced
Platform: Ninjatrader, IB
Broker: Amp Futures/ Zen Fire
Trading: ES and NQ
Posts: 12 since Jan 2010
Thanks Given: 13
Thanks Received: 12

I new to AMP futures, but I can say given experience, AMP futures along with Zenfire is far better than what I precviously had. I've had future accounts with Interactive brokers, Tradestation, Thinkorswim(margins too high), and Lightspeed Trading. Now Lightspeed by far has been the fastest in my experience out of the brokers I've tried before up until now Zenfire is just a slight faster. Interactive Brokers has nice round trip commissions, also Lightspeed but Interactive Brokers interface was too slow and sometimes locked up. I've never used Mirus, but if I had to choose based on reviews I like AMP futures and Lightspeed Trading.

Follow me on Twitter Reply With Quote
The following 4 users say Thank You to bigtrader for this post:
  #9 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,322 since Jun 2009
Thanks Given: 33,143
Thanks Received: 101,476

Yes but we're comparing Amp and Mirus.

They are practically twins. Both have Zen Fire and Dorman. The real difference is in the margins and commissions.

I've found the margins and commissions of Mirus to be better than Amp.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
  #10 (permalink)
 sysot1t 
 
Posts: 1,173 since Nov 2009



owen View Post
AMP and Mirus, which one is better

having gone through the same evaluation process, and after having accounts with TS/IB/MBT/TOS for trading futures, and a few others for options/currency/equities; here are my two cents...

AMP has somewhat better customer service as the account mgrs are very familiar with NJT and are more than willing to help you with any issues with the platform. They were very outgoing with me when I was evaluating them. Their commissions for futures are equal to TS, better than TOS and most out there, and $400 margin. I was quoted $4.80 RT for TF; however, if you use the TT feed, then your rate is lower, but it means giving up Zen-fire.

MIRUS, if I am not mistaken, they are zen-fire, so AMP is using them I would say. Their comissions are better, $4.40 ES/YM/NQ, $4.00 TF, $5.02 CL/GC and it goes lower depending on your volume. Their margin is $500 per car. Their customer service is good, not going above and beyond and not sure if very familiar with NJT; but I would also say that it would depend on your account manager. I have interacted little with my acct mgr and I have been the one initiating contact to get a few things done that I needed to get done.

They both clear through Dorman, in addition to RCG(Mirus) and AMP clears through someone else that I dont remember right now. It took about a day to open an account with Mirus. I do have to say that Mirus was lower than IB for TF unbundled commissions as well. However, I have not found anyone who can beat IB margin rates for equities/options, but now I digress.

You get an NJT license for both that wont have ATM or Strategies, but you get pretty much everything else.

NinjaTrader Live Trading Demo & Charting. Zen-Fire Data for [AUTOLINK]NinjaTrader[/AUTOLINK]. Futures Broker Online.

The main issue I had with either one of them was the difficulty to get funds in or out of the account. I have to wire funds around for everything, no ACH; and to transfer funds between accounts in-house, I have to call or email the account rep.

I do miss the ability to ACH and transfer funds between my accounts with all the other brokers (TS/MBT/IB/TOS). I would say that is the major drawback.

I hope that helps.

Reply With Quote





Last Updated on January 9, 2017


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts