Does AMP have limited trading authorizations? Does any futures broker?

[Robert Morse]

In an equity account, a regulated trading account, the broker needs to accept the LTA and that person as someone they will allow that function. We do quick background checks. What if that person is barred from the business or has financial felonies etc. On the Futures side, there is all that plus the CME wants to know who the trader is. Each platform can only be issued to one trader. So yes, the LTA must be filed and excepted.

Correct me if I'm wrong, but I think you can technically set up an LTA with anybody, regardless if the broker has its own LTA or not.

As long as it's limited to the platform,instrument as agreed in the doc.

 

[p0box4]

You sure? Just see what the title reads: "Does AMP have limited trading authorizations?" ...
It seems AMP Trading and AMP Futures have the same website...

How so? The link you posted is for amptradinggroup.com, while the well known and regulated AMP futures broker uses ampfutures.com and ampglobal.com

 

[p0box4]

You sure? Just see what the title reads: "Does AMP have limited trading authorizations?" ...
It seems AMP Trading and AMP Futures have the same website...

A 5 second Google search also showed that this is an unregulated AMP clone and is in no way affiliated with the real AMP broker, a scam in other words.

Website isn't working either.

 

[vic38]

Yes, I meant AMP Futures (unfortunately, the forum won't let me edit my original post).

 

[vic38]

And from what I understand, AMP Futures only supports self-directed accounts, but you should ask them for clarification.

I called AMP Futures, and the support person who answered had no idea what "limited trading authorization" even is. Shocking, given how common LTAs are, at least among US stock brokerages.

 

[ondafringe]

I called AMP Futures, and the support person who answered had no idea what "limited trading authorization" even is. Shocking, given how common LTAs are, at least among US stock brokerages.

My understanding of LTA is giving someone else authorization to trade your account, or someone else giving you authorization to trade their account.

If that is correct, this appears to address that:

https://faq.ampfutures.com/hc/en-us...accounts-not-under-my-name-with-their-consent

 

[AMP_Futures]

Confirmed. AMP Futures (Official Website) - https://www.ampfutures.com/

We do not support LTA or Limited Power of Attorney accounts.

We do offer Ultra-Cheap Commissions, Super-Low Margins, 4 different data-feeds (CQG, Rithmic, TT and Teton/Sierra Chart) and over 50+ different trading platforms you can use to trade with your AMP Futures Self-direct Account: https://www.ampfutures.com/trading-platform


https://www.ampfutures.com/trading-platform/tradingview

Happy Trading!

 

[vic38]

Confirmed. AMP Futures (Official Website) - https://www.ampfutures.com/

Thanks. And while I have you here, can two AMP CQG accounts be logged in simultaneously from the same computer?

 

[Overnight]

Confirmed. AMP Futures (Official Website) - https://www.ampfutures.com/

We do not support LTA or Limited Power of Attorney accounts...

Happy Trading!

It is not fun unless you can confirm that you can core a apple.

I've been a client of yours for 10 fucking years, and do not recall getting a solid answer on this apple-coring question. If I did, I was drunk and forgot. Teehee.

 

[Overnight]

Thanks. And while I have you here, can two AMP CQG accounts be logged in simultaneously from the same computer?

With a CQG login, I can login to Ninja (grandfathered) and MT5 at the same time. I reckon' MT5 is an exclusive deal, so a MT5 login with CQG will run concurrently with any of their other logins.