AMP, how could you?

Status
Not open for further replies.
amp is not capitalized well enough to keep your account. you’re too big as % of their capital - they would have to pony up more risk capital to keep you as a client.

and with recent volatility regulators are probably looking more closely at stuff like that.
 
shit,
J.P. said:
Nah, thanks, but that's not it. It doesn't meet the criteria and besides with something like that you would be clearly informed as to exactly what the issue was.
More...

brah, can i see a platfrom screenshot or statement with your $3mil account? i want to believe
 
hilmy83 said:
shit,


brah, can i see a platfrom screenshot or statement with your $3mil account? i want to believe
More...

The reply (post 4 on this thread) from the AMP representative sort of gave the OP story some credence unless that reply was a stock answer. They cant have that many $3million account holders being closed. He would have called it as BS as this whole thing makes AMP look bad.
 
Last edited:
I have been trading since 95, and over a decade in futures with zero margin calls. Used a variety of brokers in both stocks and futures with no bad experiences, until I dealt with AMP compliance. With similar refusal for followup communications. It was the most bizarre "customer service" I have ever experienced in the trading world. I will not go into details, but now that I am with two other quality firms, despite the stress they caused me, I now see it as AMP compliance having done me a favor. I would rather pay a little more for top quality customer service. There are plenty of other well capitalized firms out there who will be ecstatic to have your business.
 
Could this be some other kind of compliance issue, us patriot act? money laundering issue?

Oh, guess not you did say it was a "risk issue"

So nevermind. .lol

With that size account, why would you have any issue finding another
firm and negotiate great rates?
 
southall said:
The reply (post 4 on this thread) from the AMP representative sort of gave the OP story some credence unless that reply was a stock answer. They cant have that many $3million account holders being closed. He would have called it as BS as this whole thing makes AMP look bad.
More...

It takes seconds to do. I mean he did write a 10 page thesis on his first post..why not just give us poor folks something to aspire to? I can print it up and jerk off to it #accountgoals
 
VEGASDESERT said:
With that size account, why would you have any issue finding another
firm and negotiate great rates?
More...
I guess I'll have to. But I hesitate because it's so sad. AMP made me feel like I did something wrong when I know I would never.
 
[QUOTE="
"Here's my best guess as to what happened:

Limit orders were on the exchange and were being filled. Take-profit limit orders were also on the exchange and were not (yet) filled. I also had both buy and sell flattening orders that were not at the exchange but were lined up on the platform to be sent in case any of my take-profit orders were not filled within a short period of time (less than five minutes, 10 at the most). These platform orders were filled out and ready to go so that I could send them and be flat very quickly, regardless of the number and type of fills, in order for me to rapidly flatten my positions. If my take-profit exchange orders were filled these platform orders would not be sent. If any exchange take-profit orders were not filled select platform orders would quickly be sent to flatten my positions. That's it."
[/QUOTE]


Yea, I was with you all the way up to this part and then you lost me... This paragraph just doesn't make sense to me, I'm sorry. You started out coherent and switched to rambling.
 
If you didn't get filled on your profit taking orders, couldn't you use the "flatten all" button
instead of lining up more orders in the system?
 
Status
Not open for further replies.
Back
Top