Opening AMP Futures Brokerage Account
Futures trading is a big benefit for the trader with a small account. In order to trade futures, you will need a top class broker.
A brokerage account connects you to the markets at a little cost. Connecting a data feed to the platform of your choice so you can get in the markets and take control of your life.
Imagine being your own boss, living by your own rules and trading only two hours a day to meet you income goals!
Well look no further, this is what a futures brokerage account allows you to do. Say goodbye to your bank brokerage fees or restrictions.
The only fees you will experience here are data costs (around USD $15 to $45 a month) and commissions. Which vary from $0.74 to $5.00 per trade. Depending on the asset.
In the United States, futures are exempt from the Pattern Day Trader rule.
You can start with an account with less than $5,000 USD and have an opportunity to generate incredible risk-adjusted returns.
With the recent introduction to the equity E-mini Micro contracts, you can learn from the markets with just a $200-$300 deposit.
How many times have you heard of people blow massive accounts to learn? That is no longer the case with the Micro contracts.
Our futures course teaches you how to trade like an institutional pro using order flow analysis.
In today’s article, I will walk you through how to open your very own AMP futures brokerage account.
AMP Futures Brokerage Account – Why AMP?
AMP Futures is our preferred futures broker for many reasons:
- Exceptional customer service
- The very reputable international broker
- Competitive commission schedule. Click here
- Low margin requirements (only benefit when used with solid risk management strategy) Click here.
- TRADEPRO VIP Pricing Here – get access to our exclusive partner rate
We are very selective of the partners. AMP Futures is our top partner and preferred broker, tried and tested with hundreds of TRADEPRO’s.
Opening AMP Futures Brokerage Account: What You Will Need
Before you begin the application, you will want to make sure you prepare some vital information.
Make sure to have this information handy:
- Drivers license copy or passport in digital format
- What type of account you want to open (personal, corporate, trust, etc)
- Utility bill or any piece of mail to confirm your mailing address
- Decide what type of trading software and data feed you will need
Because futures brokers are heavily regulated, the application process is very strict.
However, with the right documents, the actual application is a breeze. This was by far the most user-friendly process I have encountered, having opened dozens of accounts in my 15+ year trading career.
Now let’s jump into the application process.
Step 1: Join our TRADEPRO VIP Pricing
Before you begin, you want to make sure you access the VIP rate, available only to TRADEPRO Academy members.
Once you fill in this form, you will receive the link to begin the online account application. This can take between 10 to 30 minutes, depending on you. There is no rush, it is not a race.
The real benefit for you is that you will receive the lower commission tier that you can only get by funding your account with over $10,000 USD of capital. You will receive this with any smaller balance you choose to start with.
Also, for full disclosure and transparency I want to tell you that I am not being compensated financially for referrals to AMP Futures. I send this business because I believe it is the best brokerage around for most traders.
Step 2: Filling Out the Online Application
The application process will ask you some standard brokerage account information. In fact, most brokers will collect identical information, which is a regulatory requirement based on the know your client (KYC) rules.
This process is best illustrated through a short video example.
Below you will find the application walk-through page by page.
Step 3: Selecting Your Data Source & Software
At TRADEPRO Academy we recommend using Sierra Charts with the Sierra Chart (Bar Chart) or CQG data feed.
In our membership area, I will provide you a complete setup tutorial, including the configuration files (chartbook) I use personally.
This will have all the order flow tools setup and configured, so it will work right out of the box with very little modification.
You will be supported through the entire process. This is the benefit of being a TRADEPRO. In addition, you will receive an updated book regularly to keep pace with the latest technology and analysis tools.
Step 4: Funding Your AMP Futures Brokerage Account
The funding process is very simple.
You have a number of funding options for your convenience:
- Wire transfer (fastest and most convenient) (preferred method)
- Mailing in physical check (slowest)
I prefer to send wire transfers because they are the fastest to arrive in your account.
One drawback is that your bank will charge you a fee to send this wire transfer. However, everything in life is negotiable – you decide what you want to pay. This is in fact a lesson directly from the order flow trading book.
Conclusion: Opening AMP Futures Brokerage Account
Overall, the entire process takes just a few business days.
The application is very easy to complete online, just remember to start the process by signing up for the VIP pricing.
Once AMP receives your funds, you will be able to start trading live with super low commissions and one of the best futures brokers globally.
From here, most traders feel that they are alone and isolate themselves to their bedroom corner to “work”.
However, it is my experience that traders are most successful when they belong in a community of like-minded traders. Like the one at TRADEPRO.
I look forward to introducing you to your new team, full of professional traders.
The PRO package includes the full futures trading course, PLUS access to our live daily trading room.
If you want to take your education to the next level, the ELITE package includes everything in pro, plus our industry leading Trading Psychology Course.
Furthermore, you will receive a monthly coaching call with myself, where I help you continuously up-level your trading skills.
That is all for today.
Manage your risk and trade like a TRADEPRO!
The information contained in this post is solely for educational purposes, and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. TRADEPRO Academy is not responsible for any liabilities arising as a result of your market involvement or individual trade activities.