AMP Futures, formally known as AMP GLOBAL LTD, is a financial institution offering a diverse range of services. AMP Futures specializes in futures trading, covering multiple fields including stock indices, currencies, energy, metals, finance, grains, soft commodities, and meats. Primarily operating in English, Spanish, and Russian, AMP Futures aims to provide an efficient trading platform for investors worldwide. Official website of AMP Futures: https://www.ampfutures.com/.
Background Information:
AMP Futures, or AMP GLOBAL LTD, has been headquartered at Kaminion Street 1, 2nd Floor, Agios Athanasios, Limassol city since registering its domain name on December 1, 2005. However, currently, there is no detailed registration information available about the company on public websites. This absence could negatively impact investors, raising concerns about the company's transparency and compliance.
Despite positioning itself as a leader in the futures trading platform sector, the lack of public registration information may make it difficult for investors to establish trust in its authenticity and reliability. This opacity could cause investors to hesitate and be concerned when selecting a trading platform, especially for those who value compliance and transparency.
Regulatory Information:
AMP Futures (AMP GLOBAL LTD) was established in the United States. However, it is concerning that the company is not regulated by the National Futures Association (NFA) in the U.S. This means that investors may lack avenues for complaints and assistance under regulatory support, increasing their risks in trading.
Moreover, AMP GLOBAL LTD - AMP GLOBAL (EUROPE) has received authorization as a “CIF” (Cypriot Investment Firm) in Cyprus, regulated by the Cyprus Securities and Exchange Commission, with license number: 360/18. However, current information on the official Cyprus website indicates that AMP Futures is under review to voluntarily relinquish its authorization. This news could raise doubts about the company’s reliability and stability, making investors worry about trading in such an uncertain regulatory environment.
The uncertainty surrounding AMP Futures’ regulatory status, particularly regarding its relationship with regulatory authorities in the U.S. and Cyprus, could negatively affect investors, making them more cautious in choosing a trading platform. This pessimistic scenario regarding regulation might impact investors' trust in the company, thereby affecting its market position.
Account Opening:
The process of opening an account at AMP Futures is as follows:
Finding the Open Account button: On AMP Futures' homepage, look for a button labeled “Open Account” or something similar, usually located prominently.
Selecting account type: Choose the trading account type you wish to open, including individual, joint, or corporate accounts. Please select the type that best suits your needs.
Completing the online application: Fill out the online account application form using your personal information, including name, address, date of birth, and contact details. Ensure to provide accurate and complete information.
Submit the application: Submit the completed application form and wait for the review. AMP Futures will review your application and notify you if it has been approved.
Funding your account: Once your application is approved, you need to fund your trading account. AMP Futures usually accepts various payment methods, including bank transfers and credit/debit cards. Make sure your funds meet the specified minimum deposit requirements.
By following these steps, you’ll be able to successfully complete the account opening process at AMP Futures.
Trading Products:
AMP Futures offers traders a wide and diverse selection of trading assets, here are the main categories of trading assets:
Micro E-mini Futures: AMP Futures provides micro E-mini futures contracts, including Micro S&P 500, Micro Nasdaq-100, Micro Dow, Micro Russell 2000, Micro DAX, and Micro Euro Stoxx 50. These contracts lower margin requirements, allowing traders to participate in the trading of major indices.
Stock Indexes: Contracts include E-mini S&P 500, E-mini Nasdaq-100, E-mini Dow, E-mini Russell 2000, offering insights into major stock index trends for hedging or speculating on market direction.
Currencies: AMP Futures offers futures contracts for major currencies like the Australian dollar, British pound, Canadian dollar, Euro, and Japanese yen, enabling traders to trade exchange rates and hedge currency risks.
Energy: Includes crude oil, mini crude oil, natural gas, and other energy futures contracts, allowing traders to engage in the dynamic energy market for profits.
Metals: Offers trading in precious metals such as gold, silver, and copper, helping to diversify investment portfolios and benefit from the safe-haven appeal of precious metals.
Financials: Includes contracts related to interest rates and bonds, such as Ultra U.S. Treasury Bonds, Eurodollars, and 3-Year U.S. Treasury Notes. Suitable for managing interest rate risk or speculating bond price changes.
Grains: AMP Futures caters to traders interested in agricultural products like corn, soy, and oats, enabling investors to establish positions in the agriculture sector.
Soft Commodities: Covers cocoa, coffee, cotton, and sugar, attracting those looking to venture into agricultural fields beyond grains.
Meats: Offers contracts for feeder cattle, lean hogs, and live cattle, tracking livestock prices, enabling traders to participate in the livestock market.
Trading Platforms:
AMP Futures offers an extensive choice of more than 50 trading platforms to cater to various trading preferences. These platforms span numerous providers, some of which include:
CQG Platform:
CQG WITH EXCEL SPREADSHEETS
CQG QTRADER
CQG SPREADER
CQG TRADER
CQG API
RITHMIC Platform:
MULTICHARTS (WITH EASYLANGUAGE)
MULTICHARTS SPECIAL EDITION (FREE)
VOLFIX
RITHMIC - R | API+
RITHMIC - R | BASS
TT Platform:
TT PLATFORM
TT - ADL (ALGO DESIGN LAB)
TT API
Other Options:
QUANTOWER
SIERRA CHART
Mobile (iOS/Android)
CQG Mobile (iOS & ANDROID)
TRADE NAVIGATOR
METATRADER 5 (MT5)
TRADINGVIEW
AMP Futures provides a wide range of choices, ensuring traders can find the ideal platform for their trading activities.
Deposit and Withdrawal Methods:
AMP Futures offers a variety of flexible deposit methods to meet the varied needs of traders. Here are detailed explanations of payment methods, minimum deposits, and payment processing times:
Payment Methods:
AMP Futures accepts various payment methods, including:
Bank Transfer: You can transfer funds to your AMP Futures trading account via bank transfer. This method is often used for larger deposits.
Credit/Debit Card: Traders can make deposits using credit or debit cards. This method is convenient and suitable for smaller deposits.
Skrill: Skrill is an electronic wallet payment option that allows you to quickly and securely transfer funds into your trading account.
Payment Processing Time:
The processing time for deposits and withdrawals at AMP Futures varies according to the chosen payment method, as outlined below:
Bank Transfer: Processing time for bank transfers may take several business days, depending on your bank and location.
Credit/Debit Card: Deposits made by credit or debit card are usually processed quickly within minutes. However, withdrawals to the card may take longer, often several business days.
Skrill: Skrill deposits are typically processed rapidly, enabling you to quickly inject funds into your account.
These different payment methods and their respective processing time options offer convenience and flexibility to traders, meeting their individualized deposit and withdrawal needs.
Conclusion:
AMP Futures claims to offer diverse services focused on futures trading. However, a lack of transparency and detailed registration information may raise investor concerns. Being established in the USA yet not regulated by the NFA adds potential risks. The scrutiny of its regulatory authorization in Cyprus generates apprehension about regulatory instability. The poor transparency, regulatory uncertainty, and reliability concerns may lead potential investors to be cautious, making their platform selection more discerning. Currently, AMP Futures is marked as "expanding" on Traderknows.
