Amp Futures Complaint

acbana · Jul 2, 2019

destriero said:
No, before writing my statement. I concur. Your best option at this juncture is crypto-exchange fraud.

"destriero, post: 4884460, member: 485336"]No, before writing my statement. I concur. Your best option at this juncture is crypto-exchange fraud."

@destriero Ahaha. I pity on your immaturity, old man.

destriero · Jul 2, 2019

lol I blocked the dude so he's furiously editing his garbage. It's magic, Bro!

Rickshaw Man · Jul 2, 2019

acbana said:
Me and my friend are new traders, if anyone ask. We both have an individual account. As a new trader we want to earn but we have bad experienced already with AMPFutures.
I helped my friend to trade his MT5 account using his mobile phone on 1st of July 2019, we had a floating profit in our Long position (Asia time 7:00AM), hit already the target but it won't close the open trade. Contacted the help desk, they flattened it with 0 profit instead of almost $900.

Then my friend received the below email messages to close our accounts.

Sent: Monday, July 1, 2019 10:22:17 PM
------------------------------------------------

Hello,

A decision has been made not to continue a business relationship with you or the people whose accounts you are controlling. We know of one account you have taken control over. If there any more accounts that you are in control of, please refrain from logging into those as well.

We hope you understand that we do not comment our decision and regret that we cannot give you any other positive message.

Your trading account has been disabled, we will no longer accept any new trades for this accounts.

Please follow these Steps for Submitting a Withdrawal for your full account balance.

1. Go to Clients Portal: https://application.ampclearing.com/User/login.aspx

2. Type in your Username / Password

If you don’t remember your username/password, click on Forgot your username/password and follow the instructions.

3. Once logged in, Click on Banking then Withdrawal Request on the left menu navigation.

4. Select the Delivery Method and Location and follow the instructions

Thank you,

Chicago | Los Angeles

Shabeer Alam|CCO

Ive never had any issues with AMP. My account is setup as an LLC. I use CQG for the data feed and Multicharts is my trading interface. Never had any issues moving money in and our of the account. Never had any issues with trade execution either.

acbana · Jul 2, 2019

Rickshaw Man said:
Ive never had any issues with AMP. My account is setup as an LLC. I use CQG for the data feed and Multicharts is my trading interface. Never had any issues moving money in and our of the account. Never had any issues with trade execution either.

@Rickshaw Man Thanks for the good feedback.

jharmon · Jul 2, 2019

acbana said:
You are from AMPfutures. It is obvious.

Nope! I'm a private trader. Don't even have an AMP futures account.

Throwing around judgements about everyone else shows how ill-prepared you are for trading.

It's clear that you operated someone else's account without broker approval - which is a bad thing in leveraged markets. Losses in futures can be significant and a broker doesn't want to figure out "well, HE pushed the button not me, so I'm not responsible for a $400K loss".

You both violated the terms and conditions, and admitted it, without understanding the consequences.

Time to man up, take responsibility and move on.

Overnight · Jul 2, 2019

acbana said:
Thanks for the advised.
Yes, he did talked to the trading desk but he mentioned my name.
I think better go for joint account since we just exploring this world.

If you speak English like you type it, no wonder you had trouble.

I just wanted to mention....Now that AMP will no longer do business with you, and you have stated that you are from Singapore, will you maybe find a broker based in Asia who will better serve your needs?

acbana · Jul 3, 2019

jharmon said:
Nope! I'm a private trader. Don't even have an AMP futures account.

Throwing around judgements about everyone else shows how ill-prepared you are for trading.

It's clear that you operated someone else's account without broker approval - which is a bad thing in leveraged markets. Losses in futures can be significant and a broker doesn't want to figure out "well, HE pushed the button not me, so I'm not responsible for a $400K loss".

You both violated the terms and conditions, and admitted it, without understanding the consequences.

Time to man up, take responsibility and move on.

@jharmon yeah, it’s time to really become a man.

acbana · Jul 3, 2019

Overnight said:
If you speak English like you type it, no wonder you had trouble.

I just wanted to mention....Now that AMP will no longer do business with you, and you have stated that you are from Singapore, will you maybe find a broker based in Asia who will better serve your needs?

@Overnight the first one yeah it’s really poor.

The second one, i have mentioned the 3 brokers in the previous thread and we already chose one, and we have a direct contact with the personnel who handle our joint account and can be contacted easily though phone.
Thanks for your honest comments/advised.

d08 · Jul 3, 2019

acbana said:
Thanks for the advised.
Yes, he did talked to the trading desk but he mentioned my name.
I think better go for joint account since we just exploring this world.

All brokers do this. Any time you even hint that someone else is trading your account, it's automatically a violation on banking laws and the account is subject to be closed. Happened to me as well, different broker.

acbana · Jul 3, 2019

d08 said:
All brokers do this. Any time you even hint that someone else is trading your account, it's automatically a violation on banking laws and the account is subject to be closed. Happened to me as well, different broker.

@d08 thanks.