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Is AMP Futures free?

Your expert
Krisztián G.
Fact checked by
Tamás D.
Updated
Jan 2024
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Is AMP Futures free as of January 2024?

AMP Futures does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with AMP Futures though, then you will find the fees they charge below.

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BrokerChooser score
4.2 4.2 /5
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Overview of AMP Futures fees and charges

It's safe to say that AMP Futures's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.

Here's a high-level overview of AMP Futures's fees

AMP Futures Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee - FX not available
US mutual fund fees - Not available
Inactivity fee Low No inactivity fee

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AMP Futures fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare AMP Futures fees with its closest competitors, NinjaTrader and Optimus Futures.

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AMP Futures trading fees

AMP Futures's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).

Let's break down trading fees according to the different asset classes available at AMP Futures.

Trading fees

AMP Futures's trading fees are low.

Options fees

AMP Futures's options fees are .

Options fees for 10 contracts
US stock options
-
-
-
US stock index options
-
-
-
UK stock index options
-
-
-
German stock index options
-
-
-

Data updated on January 15, 2024

Futures fees

AMP Futures's futures fees are low.

Stock index futures fees for 10 contracts
US micro e-mini stock index futures
$1.4
$3.5
$2.5
UK stock index futures
$11.0
$12.9
$7.5
German e-mini stock index futures
$8.2
$12.9
-

Data updated on January 15, 2024

Currency conversion fee

AMP Futures will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: $30 per currency conversion.

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AMP Futures non-trading fees

When it comes to non-trading fees, AMP Futures is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at AMP Futures that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how AMP Futures stacks up in terms of non-trading fees
Withdrawal fee
$30
$0
$20
Deposit fee
$0
$0
$0
Inactivity fee
No
Yes
No
Account fee
No
No
No

Data updated on January 15, 2024

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BrokerChooser score
4.2 4.2 /5
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AMP Futures deposit fee

Usually, brokers don't charge anything for deposits, and AMP Futures is no different.

AMP Futures deposit methods
Bank transfer
Yes Yes Yes
Credit/debit card
No No No
Electronic wallets
No No No
Deposit fee
$0
$0
$0

Data updated on January 15, 2024

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AMP Futures withdrawal fee

Unfortunately, AMP Futures does charge a withdrawal fee of $30 for bank transfers. This means that you need to pay this amount when you transfer money from your brokerage account back to your bank account. Sometimes this is a flat fee, but a percentage charge may be applied in some cases. It's up to you to decide whether you can tolerate this, keeping in mind that flat fees can hurt more if you withdraw small amounts only.

AMP Futures withdrawal fees and options compared
Bank transfer
Yes Yes Yes
Credit/debit card
No No No
Electronic wallets
No No No
Withdrawal fee for bank transfer
$30
$0
$20

Data updated on January 15, 2024

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AMP Futures inactivity fee

AMP Futures does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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Author of this article

Krisztián Gátonyi

Method-Man | Forex • Market Analysis • Stock Market

I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My 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.

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