Summary

Recommended for active traders focusing on futures

AMP Futures is a US-based broker that provides more than 60 trading platforms for advanced users, particularly futures traders. The company was founded in 2009 and is regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC).

AMP has also a legal entity based in the EU called AMP Global (Europe), which provides CFD, forex and futures trading. In this review, we focus on the US-based entity and its services.

AMP Futures is considered safe because its financial information is publicly available and it is regulated by the CFTC, a top-tier financial authority.

Overall Rating
4.3
Fees
4.9
Account opening
3.4
Deposit and withdrawal
3.1
Trading platform
2.9
Markets and products
1.2
Research
5.0
Customer service
4.5
Education
4.3

AMP Futures pros and cons

AMP Futures has low futures fees and there is no inactivity fee. The desktop platform and its research tools are great and meet the needs of experienced traders. There are many high-quality educational materials, including videos and articles.

On the negative side, wire withdrawal fees are quite high. The flagship MultiCharts .NET platform is only available as a desktop app with no mobile or web versions. The product portfolio is thin, covering only futures and options on futures.

Pros Cons
Low trading fees High wire withdrawal fee
Great platform and research No mobile app and web platform for MultiCharts .NET
High-quality education tools Only futures and options on futures
AMP Futures main features and highlights
🗺️ Country of regulation USA
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $30
💰 Minimum deposit $100
🕖 Time to open an account 1-3 days
💳 Deposit with bank card Not available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 10
🎮 Demo account provided Yes
🛍️ Products offered Futures, Options on futures

AMP Futures review
Fees

4.9
To find out more about its trading and non-trading fees, visit AMP Futures

or
Compare to its best reviewed alternative: NinjaTrader
AMP Futures has low trading fees, and charges no inactivity or deposit fees. However, withdrawal via wire transfer is quite expensive.
Pros Cons
Low trading fees High wire withdrawal fee
No inactivity fee
No deposit fee
AMP Futures fees snapshot
Assets Fee level Fee terms
US stock - Not available
EURUSD - Not available
Mutual fund - Not available
Inactivity fee Low No inactivity fee

How we ranked fees

We ranked AMP Futures's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

In the sections below, you will find the most relevant fees of AMP Futures for each asset class. For example, in the case of stock investing the most important fees are commissions.

We also compared AMP Futures's fees with those of two similar brokers we selected, NinjaTrader and Optimus Futures. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of AMP Futures alternatives.

To have a clear overview of AMP Futures, let's start with the trading fees.

AMP Futures trading fees

AMP Futures has low trading fees. There are two fee structures: one is volume-tiered and the other involves a flat rate. The latter requires a higher minimum deposit amount.

AMP Futures fee structures
  Volume-tiered Flat rate
Minimum deposit $100 $10,000
All-in cost per contract for S&P 500 micro e-mini futures $0.44 - $0.41 depending on the number of traded contracts $0.42

By default, all new accounts use the volume-tiered pricing structure. To switch to the flat-rate structure, you will need to email the company, quoting your account number and your requested price structure.

We really liked that AMP Futures provides a great fee calculator, which takes all applicable costs and distills them into just one number.

Our calculations below are based on the volume-tiered pricing structure.

Futures fees

AMP Futures has low futures fees, beating its closest competitors in most product categories.

AMP Futures stock index futures commission of 10 contracts
  AMP Futures NinjaTrader Optimus Futures
US micro e-mini stock index futures $0.9 $3.5 $5.0
UK stock index futures $11.4 $12.9 $5.0
German e-mini stock index futures $9.2 $12.9 -

The fees above include only the commission and clearing fee charged by AMP Futures, but do not include exchange, NFA or order routing fees. This ensured a fair "apples-to-apples" comparison among all brokers.

To see a detailed rundown of fees charged by AMP Futures, check the table below.

Futures trading commissions
Instrument <1,000
contracts
1,001-4,999
contracts
5,000-9,999
contracts
>10,000
contracts
Micro e-mini S&P 500 Index $0.44 $0.43 $0.42 $0.41
FTSE 100 Index £1.16 £1.01 £0.91 £0.81
Mini-DAX €1.11 €0.96 €0.86 €0.76

AMP Futures charges the same commissions for options on futures.

Non-trading fees

AMP Futures has average non-trading fees. There is no inactivity, deposit or ACH withdrawal fee. On the other hand, wire withdrawals come with a high $30 fee per transaction.

You can use more than 60 trading platforms at AMP Futures. However, some of these are not free. For example, Sierra Chart (Package 5) charges a $25 monthly fee.

AMP Futures non-trading fees
  AMP Futures NinjaTrader Optimus Futures
Account fee No No No
Inactivity fee No Yes No
Deposit fee $0 $0 $0
Withdrawal fee $30 $40 $30

AMP Futures review
Account opening

3.4
To experience the account opening process, visit AMP Futures

or
Compare to its best reviewed alternative: NinjaTrader
Account opening at AMP Futures is fully digital and there is no minimum deposit. However, the account opening process is a bit complicated.
Pros Cons
Fully digital Not user-friendly
Low minimum deposit

Can you open an account?

Visit broker

In this review, we tested AMP Futures Individual accounts. AMP accepts clients from all over the world.

What is the minimum deposit at AMP Futures?

The required AMP Futures minimum deposit is $100.

Account types

AMP Futures provides different account types based on ownership:

  • Individual - account is owned by an individual
  • Joint - account is owned by two or more individuals
  • Corporate / LLC / Partnership - account is owned by a legal entity

US customers can also select IRA accounts, which is a tax-advantaged account. If you want to learn more about these accounts, read our in-depth guide to IRAs.

How to open your account

The account opening process at AMP is fully digital. However, the process is a bit complicated, as it takes quite a few steps to open your account with AMP Futures.

AMP Futures account application consists of the following steps:

  1. Select the account type and accept the risk disclosure statement.
  2. Enter personal information including your name, country of residence and email; also select a username and password.
  3. Add more personal information, e.g. your phone number, date of birth, address, etc.
  4. Answer a few questions about your financial status, such as net income or net worth.
  5. Fill out a survey about your investment experience.
  6. Accept disclosure statements.
  7. Upload proof of identity and proof of residency:
    • Verification of identity: passport / national ID / driver's license
    • Verification of residency: bank statement / utility bill / driver's license / credit card statement

Once you have completed all these steps, you will receive a confirmation email with your credentials.

AMP Futures review - Account opening

AMP Futures review
Deposit and withdrawal

3.1
To find out more about the deposit and withdrawal process, visit AMP Futures

or
Compare to its best reviewed alternative: NinjaTrader
AMP Futures has a free deposit option and you can choose from several account base currencies. However, you can't use credit/debit cards and the wire withdrawal fee is high.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies High wire withdrawal fee

Account base currencies

At AMP Futures, you can choose from 10 base currencies.

AMP Futures available base currencies
USD EUR GBP CHF
CAD AUD HKD JPY
NZD SGD
Base currencies at AMP Futures vs similar brokers
  AMP Futures NinjaTrader Optimus Futures
Number of base currencies 10 3 1

This is a great selection compared with some competing brokers.

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Compare digital banks

Deposit fees and options

AMP Futures doesn't charge any deposit fees. However, your intermediary bank might charge a fee if you make an international bank transfer.

US residents can use checks and ACH to deposit.

AMP Futures deposit options
  AMP Futures NinjaTrader Optimus Futures
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No

A bank transfer can take several business days, while payment with a credit/debit card would be instant.

You can only deposit money from accounts that are in your name.

AMP Futures review - Deposit and withdrawal - Deposit

AMP Futures withdrawal fees and options

The AMP Futures wire withdrawal fee is $30. As with deposits, US customers can also use ACH and checks. ACH withdrawals are free of charge.

AMP Futures withdrawal fees and options
  AMP Futures NinjaTrader Optimus Futures
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Withdrawal fee $30 $40 $30

How long does it take to withdraw money from AMP Futures? We tested bank transfer withdrawal and it took 1 business day.

You can only withdraw money to accounts that are in your name.

How do you withdraw money from AMP Futures?

  • Log in to your AMP account
  • Click 'Banking' and select 'Withdraw Request'
  • Add your location and the withdrawal method
  • Enter the withdrawal amount and the details of your bank

Compare to other brokers

AMP Futures review
Web trading platform

To try the web trading platform yourself, visit AMP Futures

or
Compare to its best reviewed alternative: NinjaTrader
At the time of our review, AMP Futures offered only a desktop app version of its MultiCharts .NET platform. Please note though that AMP Futures has a wide selection (60+) of futures trading platforms with mobile and web/cloud-based versions.
AMP Futures platforms to choose from
Trading platform Score Available
Web - No
Mobile - No
Desktop 3.0 stars Yes

Visit broker

AMP Futures review
Mobile trading platform

At the time of our review, AMP Futures offered only a desktop app version of its MultiCharts .NET platform. Please note though that AMP Futures has a wide selection (60+) of futures trading platforms with mobile and web/cloud-based versions.

Visit broker

AMP Futures review
Desktop trading platform

3.0
To try the desktop trading platform yourself, visit AMP Futures

or
Compare to its best reviewed alternative: NinjaTrader
The AMP Futures desktop platform is highly customizable and has many advanced features to assit futures trading, but it might feel complicated at first and also lacks two-step login.
Pros Cons
Good customizability (for charts, workspace) No two-step (safer) login
Good variety of order types Complicated interface
Price alerts

In this review, we tested MultiCharts .NET, the company's own in-house developed platform. A great advantage of this platform is that there is no monthly fee charged.

If you feel that this platform doesn't suit your needs, you can choose from more than 60 other trading platforms, including NinjaTrader's platform. Many of these platforms charge a monthly fee, though.

The MultiCharts .NET platform is available only in English.

Look and feel

The AMP Futures desktop trading platform is great for advanced traders, but may be difficult to navigate for beginners. The platform has a multitude of features and tools, from advanced charting tools to backtesting.

We also liked that the platform is highly customizable, allowing you to set up your own workspace. However, the design of the platform is outdated, and its high complexity means it is not very user-friendly.

AMP Futures review - Desktop trading platform

Login and security

AMP Futures provides only one-step login. Two-step authentication would be more secure.

When you log in to the platform, the first step is to connect your platform to your data provider, like CQG or Rithmic. You can do it by clicking on 'Broker profiles' under the 'Files' menu.

Search functions

The search functions are OK.

If you want to find an asset (for trading, viewing on a chart or for depth-of-market analysis), you will be presented a list of instruments to select the asset from. You can start typing its name or simply scroll down the list.

We found it a bit inconvenient that many of the default assets are expired and the system doesn't automatically roll the contracts over. To do a rollover, you have to click 'Add symbol'.

AMP Futures review - Desktop trading platform - Search

Placing orders

You can use many order types:

  • Market
  • Limit
  • Stop
  • Stop Limit
  • Trailing Stop
  • OCO (one cancels the other)
  • Market if touched

There are also order time limits you can use:

  • GTC (good 'til canceled)
  • GTD (good 'til date)
  • IOC (instant or cancel)
  • FOK (fill or kill)

AMP Futures review - Desktop trading platform - Order panel

Alerts and notifications

You can set alerts and notifications on the desktop trading platform. You can use many types of alerts, including price alerts and alerts based on technical indicators.

To set an alert, you should open a chart, click on 'Format Indicators', and select the indicator you would like to use for the alert.

Portfolio and fee reports

AMP Futures has clear and detailed portfolio reports. We also liked that you can easily export the reports into excel.

The only thing we missed in the reports was a summary of fees paid to the broker.

Visit broker

AMP Futures review
Markets and products

1.2
To dig even deeper in markets and products, visit AMP Futures

or
Compare to its best reviewed alternative: NinjaTrader
At AMP Futures you can trade only futures and options on futures. Other popular asset classes such as real stocks or ETFs are not available.

This selection is not very impressive on its own, but it is roughly similar to that of competing brokers.

AMP Futures asset classes
  AMP Futures NinjaTrader Optimus Futures
Stock No No No
ETF No No No
Forex No No No
Fund No No No
Bond No No No
Options Yes Yes Yes
Futures Yes Yes Yes
CFD No No No
Crypto No Yes Yes

The following exchanges are available for futures trading:

  • CME - Chicago Mercantile Exchange
  • COMEX - Commodity Exchange Inc.
  • The Intercontinental Exchange ICE Futures Europe (IPE)
  • New York Mercantile Exchange
  • Eurex
  • Singapore Exchange
  • Sydney Futures Exchange (ASX SFE)
  • Hong Kong Futures Exchange (HKEX)
  • Mini-Nikkei 225 – Osaka-Japan (JPX)
  • CBOE Volatility Index (VX) – “VIX”

The CME, NYMEX and COMEX exchanges are part of the CME group. Eurex is part of the Eurex Group and is owned by Deutsche Börse AG.

Futures

You can trade futures on an impressive number of futures and options markets.

AMP Futures futures selection
  AMP Futures NinjaTrader Optimus Futures
Futures markets (#) 10 7 13

Options

AMP Futures also gives access to several options markets. In these markets, you can trade only options on futures.

AMP Futures options selection
  AMP Futures NinjaTrader Optimus Futures
Options markets (#) 10 4 13

AMP Futures review
Research

5.0
To check the available research tools and assets, visit AMP Futures

or
Compare to its best reviewed alternative: NinjaTrader
AMP Futures has a great charting tool with many indicators, and other advanced analytical and technical tools such as backtesting.
Pros Cons
Good interactive chart None
Good set of analytical tools

You can find research tools on the trading platform and on the AMP Futures website. Just as in the case of the desktop trading platform, we tested the research tools on MultiCharts .NET.

Charting

AMP Futures has great and advanced charting tools. You can use an almost endless selection of technical indicators and settings options.

There are a lot of chart types you can use, including minutes, tick, point, etc.

AMP Futures review - Research - Charting

Other technical tools you may enjoy

You can find many other technical tools, including a great backtesting tool. You can set the timeframe, instrument, and position management paremeters, among others.

Additionally, you have the option to code your own trading algorithm using a program called PoweLanguage.NET.

AMP Futures review - Research - Backtesting

Trading ideas

AMP Futures offers trading ideas as well. You can access a good variety of futures-related materials, such as trading recommendations or an economic calendar.

AMP Futures review - Research - Recommendations

Fundamental data

As the main focus of AMP Futures is technical trading, it doesn't provide any fundamental data.

Compare research pros and cons

AMP Futures review
Customer service

4.5
To find customer service contact information details, visit AMP Futures

or
Compare to its best reviewed alternative: NinjaTrader
Customer service at AMP Futures is good across multiple channels, and includes unique features such as a support forum. However, phone support is slow and not 24/7.
Pros Cons
Live chat No 24/7 support
Relevant answers Slow phone support
Active support forum

You can contact AMP Futures via:

  • live chat
  • phone
  • email
  • support forum

AMP Futures has a speedy live chat. It's a great plus that the first questions and answers are automated, navigating you to the relevant person who will then answer your actual questions. We were satisfied with the quality of the answers we got.

AMP Futures phone support was slow, but the answers were relevant.

Via email, we likewise received helpful answers, while turnaround was quick.

In addition, there is an active support forum, where you can interact with other users and the support team of AMP Futures.

The only thing we missed was 24/7 availability.

AMP Futures review - Customer Service

Visit broker

AMP Futures review
Education

4.3
To check the available education material and assets, visit AMP Futures

or
Compare to its best reviewed alternative: NinjaTrader
AMP Futures has great education tools. There is a well-structured video library on its YouTube channel, and you can also read great articles.
Pros Cons
Trading platform tutorial Live account required for paper trading
Educational videos
Good production quality

At AMP Futures, you can learn in the following ways:

  • Demo account
  • Platform tutorial videos
  • General educational videos
  • Webinars
  • Quality educational articles

We were impressed by the wide range of platform tutorial and educational videos available. There are high-quality articles about futures trading as well.

We also liked the demo account option however, it would be better if paper trading was possible without having to open a live account first.

AMP Futures review - Education

Visit broker

AMP Futures review
Safety

To find out more about safety and regulation, visit AMP Futures

or
Compare to its best reviewed alternative: NinjaTrader
AMP Futures is regulated by the Commodity Futures Trading Commission (CFTC), a top-tier financial authority, and it also transparently publishes financial information.
Pros Cons
Financial information is publicly available No investor protection
Regulated by a top-tier financial authority No negative balance protection
Does not hold a banking license

Is AMP Futures regulated?

Yes, it is regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC).

AMP Futures is based in the US and was founded in 2009.

Is AMP Futures safe?

To be certain if a brokerage is safe, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected

AMP Futures is regulated by the US Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). We recommend the services of AMP Futures mainly for experienced traders because futures trading is not covered by investor protection schemes. In addition, there's no negative balance protection. If the balance on your account goes negative, you will be responsible for replenishing those losses.

Background

AMP Futures was established in 2009. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

Publishing financial statements and being overseen by a top-tier financial authority are all great signs for the safety of AMP Futures.

Find your safe broker

AMP Futures review
Bottom line

Visit AMP Futures if you are looking for further details and information

or
Compare to its best reviewed alternative: NinjaTrader

AMP Futures is a great broker for futures trading.

On the plus side, its futures trading fees are one of the lowest on the market. The desktop trading platform, including its research section, has a great selection of tools for heavy traders. We also liked the quality and variety of educational materials.

There are some drawbacks though. The wire withdrawal fee is really high. We missed the mobile and web versions of the main MultiCharts .NET platform. Lastly, the product portfolio lacks popular asset classes like real stocks or ETFs.

If you're a futures trader on the hunt for a broker with low fees, feel free to give AMP Futures a try.

Visit broker

AMP Futures review
FAQ

We recommend AMP Futures for active traders focusing on futures.

Below you can find links to all aspects of AMP Futures in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our AMP Futures fees article.

What about the minimum deposit?

Our ultimate guide to the AMP Futures minimum deposit is updated regularly.

How to start your AMP Futures account?

Look no further than our evaluation of the AMP Futures account opening.

Is the quality of customer service satisfactory?

All you need to know about the AMP Futures customer service.

Legit or scam?

Is AMP Futures legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether AMP Futures is really free.

Is this broker good for beginners?

We checked it in Is AMP Futures good for beginners.

Should you buy your silver bullets on AMP Futures?

Research for silver bugs in the Silver buy on AMP Futures guide

I want to trade options, are they available at AMP Futures?

We explored the topic in Can you trade options on AMP Futures?

What is the minimum account balance at AMP Futures?

Check out the current account balance requirements at AMP Futures in our What is the minimum account balance at AMP Futures article.

Looking for commission and fees data for AMP Futures?

We collected them in AMP Futures commission and fees.

How do you withdraw money from AMP Futures?

We tested it and collected the options and costs in How to withdraw money on AMP Futures.

Author of this review

Krisztián Gátonyi

Author of this review

Krisztián has 10+ years of experience in proprietary trading in the interbank currency market as a foreign exchange risk manager. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 10+ years of experience in proprietary trading in the interbank currency market as a foreign exchange risk manager. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Share

Comments

×