Few notes on AMP Global

Overnight said:
We know this. I am asking if they are a clearing (or self-clearing) FCM.
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AMP is non-clearing FCM. We have multiple relationships with Clearing FCMs in order to provide our customers such a wide range of available global exchanges to trade all from one account: https://www.ampfutures.com/trading-info/margins/

We are an FCM with excellent understanding of our customers' support needs. We have in house Live, Real-time 24 hour support available beginning Sunday 4:45pm CST until Friday 5:00pm CST via Live Chat, Phone or email: https://www.ampfutures.com/tech-support/
 
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Here is the list of Banks we have recently received ACH deposits:
  • Advia CU
  • Alliant CU
  • Ameris Bank
  • Bank of America
  • Bannerbank
  • BBVA
  • Bremmer bank
  • Byline bank
  • CEFCU
  • Charles Schwab
  • City bank
  • Digital Federal
  • ENT CU
  • First Citizens
  • First Tech FCU
  • Flag star bank
  • Frost Bank
  • GoBank
  • Great lakes CU
  • Kinetca FCU
  • Members bank
  • NFCU
  • Northbrook bank
  • People United
  • Randolph Brooks CU
  • Santander bank
  • School First FCU
  • Simmons Bank
  • State Farm
  • STCU
  • Truxton Trust
  • United Bank
  • USAA
  • Verity CU
 
AMP_Global said:
Here is the list of Banks we have recently received ACH deposits:
  • Advia CU
  • Alliant CU
  • Ameris Bank
  • Bank of America
  • Bannerbank
  • BBVA
  • Bremmer bank
  • Byline bank
  • CEFCU
  • Charles Schwab
  • City bank
  • Digital Federal
  • ENT CU
  • First Citizens
  • First Tech FCU
  • Flag star bank
  • Frost Bank
  • GoBank
  • Great lakes CU
  • Kinetca FCU
  • Members bank
  • NFCU
  • Northbrook bank
  • People United
  • Randolph Brooks CU
  • Santander bank
  • School First FCU
  • Simmons Bank
  • State Farm
  • STCU
  • Truxton Trust
  • United Bank
  • USAA
  • Verity CU
More...
Thanks that is helpful!
 
AMP_Global said:
...
1) ... There are services out there that other firms are using like "Plaid" but after researching, we found that the amount of Customer Information that would be available to us...was TOO MUCH for our comfort, so we did not move forward with enabling this service...
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@AMP_Global DOH!

So now, with your updated client portal, ACH deposits and withdrawals can be done ONLY through the PLAID banking system. Why did you guys do this? I have a hell of a hard time trusting some third-party fintech with my banking username/password.

Why, AMP, WHY? Why not also have the old system available for ACH deposits and withdrawals? The one that has worked forever?
 
Overnight said:
@AMP_Global DOH!

So now, with your updated client portal, ACH deposits and withdrawals can be done ONLY through the PLAID banking system. Why did you guys do this? I have a hell of a hard time trusting some third-party fintech with my banking username/password.

Why, AMP, WHY? Why not also have the old system available for ACH deposits and withdrawals? The one that has worked forever?
More...

It's probably easier for AMP and might reduce their liability if your bank account is hacked. And don't worry about your bank -- you probably already agreed they aren't liable if you share credentials with a third-party app.;)

You can
  1. Access the service that requires Plaid.
  2. Immediately, change your bank account password.
This might not be convenient but at least reduces the window somewhat for hacking into your bank account.
 
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