What Account Types and Fees Does AMP Futures Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Individual Account |
Individual traders |
Commonly used by solo traders |
Minimum deposit of $100 required |
| Joint Account |
Two or more individuals |
Designed for collaborative trading |
Minimum deposit of $100 required |
| IRA Account |
Retirement investors |
Tax-advantaged trading |
Available for U.S. clients |
| Corporate Account |
Businesses |
For corporate trading entities |
Requires corporate documentation |
| LLC Account |
Limited liability companies |
For trading under an LLC structure |
Requires LLC documentation |
| Partnership Account |
Partnerships |
For trading under a partnership |
Requires partnership documentation |
| Trust Account |
Trust entities |
For trading under a trust |
Requires trust documentation |
Account Opening Process
Opening an account with AMP Futures involves several steps. First, you need to provide your personal information, which includes your name, email, and phone number. Following this, you will submit employment and financial information to ensure compliance with regulatory standards. Identity verification is also required, necessitating a valid form of identification and proof of address. Once your initial account (either individual or joint) is approved, you can apply for additional account types. This flexibility allows users to upgrade to a professional account or manage multiple account types easily under a single client profile.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Tight spreads available |
| Forex (Minor Pairs) |
Varies |
$0 |
Tight spreads available |
| CFDs (Stocks) |
Varies |
$0 |
Competitive pricing |
| CFDs (Indices) |
Varies |
$0 |
Competitive pricing |
| CFDs (Commodities) |
Varies |
$0 |
Competitive pricing |
| Cryptos (BTC/USD) |
Varies |
$0 |
Variable depending on market conditions |
Other Fees
In addition to trading fees, AMP Futures may have other costs associated with trading. These include potential deposit and withdrawal fees, particularly for wire transfers, which incur a charge for withdrawals. There are no inactivity fees, which is beneficial for traders who may not trade frequently. The broker also does not charge platform usage fees. Overnight interest (swap rates) may apply to positions held overnight, and currency conversion fees could be applicable when dealing with accounts in different currencies.
