AMP Statements Question

K-Pia

K-Pia

Hi, I have a hard time understanding what's going on here ...
Their Net Liquidation Value ain't equal to mine and the gap's widening.
I deposit Euros but if understood, there is no conversion until DD from deposit, Right ?
Because I have not traded on 08.02.16 but they still added 3.81$ to my bottom line.
Here is a comparison of our bottom line ($) and daily returns.
My return is based on their numbers (Credit-Debit) !
I don't know how they find their daily return ...

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I added two statements (05 & 04) for you to check them.
And find wether I, or they, get it wrong ...

Thanks !
 
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Your account has 2 currencies. EUR & USD

As of 08/04/2016 - start of day balance is 625.18 EUR & 47.78 USD

You are trading CME - trading PnL & Fees - settle in USD.

You made 12.50 USD profit minus Fees = $7.64 Net USD Profit.

The final Net Liquidating Value is in (USD) which is the your USD value after converting your EUR to USD, which is based off an estimated EUR > USD conversion rate.

If you do not want any currency rate fluctuations, and you are going to trade CME market, you can convert your EUR balance to USD in your AMP Customer Portal under the "Banking" tab.

If you need any assistance, please contact our 24 hour help desk in real-time via Phone or Live CHAT: http://www.ampfutures.com/contact-us/

Have a nice weekend!
 
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Ok. So the differences are due to the EUR amount being translated in USD according to the day to day quotations. Thx so much for the feedbacks. I appreciate. Got it for the currency conversion. Have a nice week end.
 
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K-Pia said:
Ok. So the differences are due to the EUR amount being translated in USD according to the day to day quotations. Thx so much for the feedbacks. I appreciate. Got it for the currency conversion. Have a nice week end.
More...

It also implies that if you do not take a trade the entire day and you download your statement @ 9am...

Your statement will be a little different if you download it again @ 5pm due to changes in the Eur/Usd conversion rate even though you did not take any trades. Looks really strange when there's a big movement in the Euro in the same day.

I'm use to seeing what you saw because I have brokers and banks in U.S., Canada and France and often make a deposit from one to the other to take advantage of currency rate changes. A pain in the butt at tax time if you don't keep a detail record of the daily currency rate changes along with the fact that banks will use a different currency rate than brokers.
 
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wrbtrader said:
It also implies that if you do not take a trade the entire day and you download your statement @ 9am...

Your statement will be a little different if you download it again @ 5pm due to changes in the Eur/Usd conversion rate even though you did not take any trades. Looks really strange when there's a big movement in the Euro in the same day.

I'm use to seeing what you saw because I have brokers and banks in U.S., Canada and France and often make a deposit from one to the other to take advantage of currency rate changes. A pain in the butt at tax time if you don't keep a detail record of the daily currency rate changes along with the fact that banks will use a different currency rate than brokers.
More...

Who gives better exchange rates, banks or brokers?
I been doing this for years, never dawned on me that exchange rate might be better between the two or if so small would it matter. When my system shows buy come currency in futures, I take part of my account and exchange from USD to that currency and might keep it for few years. I did so going to Euro which is good as I trade good amount in Eurex. I also take the trades in futures from USD monies.
 
Handle123 said:
Who gives better exchange rates, banks or brokers?
I been doing this for years, never dawned on me that exchange rate might be better between the two or if so small would it matter. When my system shows buy come currency in futures, I take part of my account and exchange from USD to that currency and might keep it for few years. I did so going to Euro which is good as I trade good amount in Eurex. I also take the trades in futures from USD monies.
More...

http://www.telegraph.co.uk/finance/...-youre-better-off-with-a-currency-broker.html
http://www.mycurrencytransfer.com

However. I ain't sure about the reliability of these arguments.
 
I think all banks have to increase fees cause they are in a bad position with interest rates. it is like they all holding a stick of dynamite and another reason USA and world are closer to depression than ever. When you have offer same extremely low rates and when, not if, interest rates goes up, that means everything is going up as in prices. I don't care if newspaper say we are near total employment cause we are not, the country stinks on employment, many people are not factored in on unemployment rolls or they working part time. Like Florida has many people taken far below their education level to take jobs cause Florida produces so little, they have retirees and oranges. Retirees goes to Florida and think they can pick up part time job and there are very little. But the banks are sitting with tons of low interest loans and should people start not being able to pay them, the others are not large enough to be able to cover the bad nor pay employees. Our government is in such a bad way with debt, have to keep interest rates down so they have enough to pay interest rates. I use Transportation Index on how the economy is doing and I usually also look at cardboard companies, when they sell more boxes, you can expect more goods are being made.

We are on downward direction no matter what newspaper says !!!


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