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General Information |
| Brokerage name: Profile Trading "Discount Trader's Special"
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| Minimum account size: $5000-$10000
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| Base commission rates: $16-$20
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Brief explanation of margin rates, if applicable:
N/A
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| This brokerage has been in business for: 5-10 years
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| Primary type of broker: Futures
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Brief description of services offered:
$17.50 per round turn (NO extra fees) Trade Online or by phone Provides excellent order execution and low rates for the "self-directed" discount trader
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Account Information
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Types of trading accounts offered:
| Full Service
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Premium Service
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On-Line Discount Broker
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| Customers online account information is updated: Up to the minute
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Types of trades offerered:
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| Other trade types: N/A
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Types of quotes offered to customers:
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Execution methods offered:
| Electronic direct access trading(SOES, SNET and the ISLD ECN)
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Online Broker(trade desk)
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Broker
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Exchanges covered:
| CBOE-Chicago Board Options Exchange
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CBOT-Chicago Board of Trade
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Chicago Stock Exchange
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CME-Chicago Mercantile Exchange
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| CSCE-Coffee Sugar & Cocoa Exchange, Inc.
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MidAm-Mid-America Commodity Exchange
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NYCE-New York Cotton Exchange
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NYMEX & COMEX-New York Mercantile Exchange
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| Setup or initial costs to set up an account: 0
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Features
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Types of services offered to customers:
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Ways customers can access their trading account:
| Internet
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Telephone
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Broker
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| Allow stop, limit, and stop limit orders? Yes
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| Charge extra for stop, limit, and stop limit orders: No
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| Offer 24 hour customer support: No
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| Offer tax planning advice: No
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Additional Comments
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Special features included in the service are:
Direct access to Globex Level 2 futures Real time working order summary Intraday position tracking with margin requirement update Special features for day traders
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This broker's service is better than the competition in these areas:
Commission rates are very important to discount traders. The "Discount Trader's Special" offers excellent order execution through the BEST Direct system at a very competitive commission rate.
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Types of security precautions taken for customers:
N/A
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Communications during systems failures has been assured through:
BEST Direct uses multiple redundant backup systems. If there is an outage, clients have direct phone access to the service desk.
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The major plans for upgrading the current level of trading service are as follows:
N/A
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