The LSE Directory / CFD and forex brokers
AMP Futures is the trading name of AMP Global Clearing LLC, a Chicago-based futures commission merchant (FCM) registered with the CFTC and a clearing member of CME, CBOT, COMEX and NYMEX; CME Group serves as its Designated Self-Regulatory Organization. The firm gives retail day traders, algorithmic and API-based traders, introducing brokers and commodity trading advisors direct electronic access to futures and options-on-futures markets, connecting them to more than 45 exchanges worldwide through a choice of over 50 third-party trading and charting platforms, including MetaTrader 5, Sierra Chart, MultiCharts, TradingView, CQG, Rithmic and Quantower, alongside market data feeds from CQG, Trading Technologies and Rithmic. Within the futures brokerage category, AMP competes primarily on price and platform choice rather than a single proprietary terminal. It advertises matching or beating competitors' commission quotes, low day-trading margins (as low as a few hundred dollars per contract on benchmark products such as the S&P 500 e-mini, per pricing shown on its site), no monthly inactivity fee, and a $100 minimum account deposit. It supports both self-directed discretionary traders and fully automated strategies, and separately runs domestic and foreign introducing-broker referral programs and IRA account types. Forex and CFD products are offered under the related AMP Global brand rather than through the U.S. ampfutures.com FCM entity. AMP Global Clearing LLC is headquartered at 221 N. LaSalle Street in Chicago, holds NFA registration number 0412490, and has been registered with the CFTC as an FCM since 2010; multiple business and people-data sources name Dan Culp as the firm's founder and owner. In February 2018 the CFTC (Docket No. 18-10) ordered AMP Global Clearing to pay a $100,000 civil monetary penalty and to cease and desist for violating Regulation 166.3, after finding it failed to diligently supervise its IT provider's implementation of its information security program. An improperly configured network-attached storage device left customer records exposed to the open internet for roughly ten months in 2016 to 2017; an outside party copied about 97,000 files before AMP was notified in April 2017, secured its network, and reported the incident to the CFTC and NFA. The order credited AMP's cooperation with the investigation and required follow-up security reports at six and twelve months.
