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AMP, CQG, and NT7
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AMP, CQG, and NT7

  #101 (permalink)
Elite Member
Denver, CO
 
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Michael.H View Post
Ray, i have done of all of this, and i sitll don't get index data. I call my broker, and he says that it needs to be turned on from their side. I contacted your support team, and they said that its not the case.

Im started to feel like my broker is jerking me around again. I have a live account. Is there really a switch that needs to be turned on from their side?

Yes. As an account is set up at CQG, they will add entitlements for what market data you are permissioned to received. One of these are indexes. My last understanding (I have not checked on this at this second) was that all live funded accounts will receive the entitlement for indexes however, demo accounts will not.

Assuming your account is a live funded one, PM me your full name and I will follow up with AMP to see what the obstacle is.

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  #102 (permalink)
Market Wizard
virginia
 
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even thought the data is loaded but i can not refer to them because the symbol is wrong, clearly these symbols belong to NYSE exchange not NASDAQ

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  #103 (permalink)
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Michael.H View Post
If it doesn't work, move on.

Well said.

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  #104 (permalink)
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Michael.H View Post
Also, when i contacted them, they said that i can fund the account with just $500( thats they're min. funding at amp clearing). Kind of bugged me as to why its so low.

that is for the newbies IMO... $500 ... trade one contract, and if it goes against you basically have to fund it again, and again, and again, and again... and I am sure their risk department has things setup to shutoff the account right away if something happens..

it is a great marketing technique to lower the barries of entry and attract lots of undercapitalized traders that are looking to learn and are following the hype..

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  #105 (permalink)
Trading Apprentice
Princeton, New Jersey, USA
 
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sysot1t View Post
that is for the newbies IMO... $500 ... trade one contract, and if it goes against you basically have to fund it again, and again, and again, and again... and I am sure their risk department has things setup to shutoff the account right away if something happens..

it is a great marketing technique to lower the barries of entry and attract lots of undercapitalized traders that are looking to learn and are following the hype..

And then there are those traders, some very well capitalized, who prefer to keep their trading capital closer to home. They appreciate the flexibility given to them by those low margin accounts.

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  #106 (permalink)
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I agree 100%, but those are two different things... no well capitilized trader will open an account with $500, unless to test the FCM and platform functionality... but will certainly take advantage of $500 margins (as i said, two different things) to trade, and keep at the FCM only what is needed to trade ones desired size... and the rest at a bank or an actual broker/dealer.


Paladin View Post
And then there are those traders, some very well capitalized, who prefer to keep their trading capital closer to home. They appreciate the flexibility given to them by those low margin accounts.


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  #107 (permalink)
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sysot1t View Post
that is for the newbies IMO... $500 ... trade one contract, and if it goes against you basically have to fund it again, and again, and again, and again... and I am sure their risk department has things setup to shutoff the account right away if something happens..

it is a great marketing technique to lower the barries of entry and attract lots of undercapitalized traders that are looking to learn and are following the hype..


But if you are new and want to trade sim and you don't want to pay for a data feed and you want to practice on something besides Forex and all of your free trail accounts have dried up... $500 deposit solves the problem and afterward you can close the account and get your $500 back.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #108 (permalink)
Elite Member
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I don't think you can trade with $500. They just want the account funded for you to get the data feed for indexes( meaning they just want money in their account). I could be wrong, but thats what it sounded like. I brought it up because is AMP a new clearing firm, and it seems like they are desperate to get some money in their accounts.

"Yes. As an account is set up at CQG, they will add entitlements for what market data you are permissioned to received. One of these are indexes. My last understanding (I have not checked on this at this second) was that all live funded accounts will receive the entitlement for indexes however, demo accounts will not.

Assuming your account is a live funded one, PM me your full name and I will follow up with AMP to see what the obstacle is.
"

Ray, thank you for your help, but i already switched my license key back to zenfire, im not gonna be using amp for alot of different reasons which i don't want to make public.

I just wanted to say thank you, since at first, I thought the root of my problems was neglect on your side, but your development team was the one that actually helped me fix everything. My problem was my broker.

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  #109 (permalink)
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absolutely... and $500 for Futures, plus breadth indicators and no additional fees.. is just perfectly priced.


ThatManFromTexas View Post
But if you are new and want to trade sim and you don't want to pay for a data feed and you want to practice on something besides Forex and all of your free trail accounts have dried up... $500 deposit solves the problem and afterward you can close the account and get your $500 back.


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  #110 (permalink)
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Michael.H View Post
Ray, thank you for your help, but i already switched my license key back to zenfire, im not gonna be using amp for alot of different reasons which i don't want to make public.

I just wanted to say thank you, since at first, I thought the root of my problems was neglect on your side, but your development team was the one that actually helped me fix everything. My problem was my broker.

You are very welcome, glad that we could be of assistance.

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