Clarification of AMP's $1,000 subscription pricing model

J.P. said:
With the $1k annual subscription I get $1.68 per ES contract, per side, using that AMP cost calculator. That means AMP is adding another $0.50 per contract, per side, commission in addition to the $0.40 clearing, $0.77 exchange and $0.01 regulatory fees. Which, again, seems to defeat the purpose and intent of the $1k per year flat-fee commission subscription rate. Do I have this right?
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I compute the AMP rate at $1.68 for at least 2000 trades and $1.43 for 4000 trades.
With a fixed-price deal, you must divide by the volume to come to a per-trade amount.
 
AMP_Trading said:
If your account balance is less than $10'000, The $1k annual subscription - reduces the commissions by at least $0.25 per contract. So you will get the same pricing as if your account balance is greater than $10'000 - AMP Flat pricing: https://portal.ampclearing.com/account/commissionquote.aspx
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The issue is this:

Your site states, "Pay 1-Time $1'000 Annual Fee and you get Unlimited Commission FREE trades for 1 Full Year."

However, you are actually charging an additional $1 per-contract round turn commission!
 
No, there is no additional commissions. All Commissions and Fees included in AMP Cost Calc.

https://portal.ampclearing.com/account/commissionquote.aspx

Here is an explanation of AMP's Current 3 Pricing Options:

1) AMP Flat - Account Min. $10'000 - lowest default pricing rate
2) AMP Tiered - if account less than $10'000 = AMP Flat + $0.25 commissions with volume tiers
3) $1K - Annual Fee - No Account Minimums = AMP Flat. This will be good for active customers that have less than $10'000 account balance.

If you have any specific questions, please PM or email trading@ampfutures.com
 
AMP_Trading said:
No, there is no additional commissions.
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This thread keeps going off on tangents and that's disconcerting.

Here are the facts:
For ES futures trades, for all brokers, there's the standard $0.40 clearing fee,
there's the $0.77 exchange fee,
and there's the $0.01 regulatory fee, totaling $1.18 per side.

The AMP site states, "Pay 1-Time $1'000 Annual Fee and you get Unlimited Commission FREE trades for 1 Full Year."

However, AMP is actually charging $1.68 per side, which is an additional $1 per-contract round turn commission!

I'm neither talking about your Cost Calculator nor your explanation of your pricing options, and I'm not talking about any possible additional platform fees; I'm referring to AMP's advertised charges versus AMP's actual charges. Again, AMP is advertising, "Pay 1-Time $1'000 Annual Fee and you get Unlimited Commission FREE trades for 1 Full Year." So how can you state that if you are charging $1.68 per ES side, which is an additional round-turn $1 commission per-contract?

To be succinct,

IF you advertise "Commission FREE trades"
AND you are charging more than $1.18 per side for an ES contract,
THEN you are charging a commission,
AND therefore you are untruthful as you are not providing those "Unlimited Commission FREE trades"
END IF.

And you don't have to do this. You are already offering deeply discounted commissions along with other good benefits which, all totaled, seem like a pretty good deal. So stop the specious advertising, fess up and come clean; you'll feel better and it will eliminate the need to endure threads like this, which I find particularly distasteful.
 
@J.P. I do not see the point of this argument. It is up to the broker to define what "commission" is. Maybe it includes clearing, maybe it doesn't. We can't really dictate how they advertise, can we?

AMP_Trading said:
No, there is no additional commissions. All Commissions and Fees included in AMP Cost Calc.

https://portal.ampclearing.com/account/commissionquote.aspx

Here is an explanation of AMP's Current 3 Pricing Options:

1) AMP Flat - Account Min. $10'000 - lowest default pricing rate
2) AMP Tiered - if account less than $10'000 = AMP Flat + $0.25 commissions with volume tiers
3) $1K - Annual Fee - No Account Minimums = AMP Flat. This will be good for active customers that have less than $10'000 account balance.

If you have any specific questions, please PM or email trading@ampfutures.com
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It clearly gives a easy to use and compare quote for net cost. I see no deception there. Yes, as you have pointed out, they maybe could clarify this a bit more. But nothing to keep arguing about it here
 
Thank you for your feedback. This is exactly what prompted us to create the AMP exact cost calculator years ago...so our customers will know the exact total cost they will see on their statements.

Every brokerage labels their charges differently...so the total cost is the bottom line regardless of what it is called.
 
All I want to know is this:
Does the $1.68 per side include the clearing fee and the exchange fee ?

If not, the the TOTAL per-side cost is $1.68 + $1.17 = $2.85
 
syswizard said:
All I want to know is this:
Does the $1.68 per side include the clearing fee and the exchange fee ?

If not, the the TOTAL per-side cost is $1.68 + $1.17 = $2.85
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Your answer
I am unsubscribing from this thread. Apparently reading English and clicking through a few options are too hard
 
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