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General Information |
| Brokerage name: "Trader's Challenge Portfolio"
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| Minimum account size: > $10000
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| Base commission rates: $20-$30
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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: Trading Strategy
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Brief description of services offered:
Shouldn't the trading fees you pay be linked to the profits you earn? The "Trader's Challenge Portfolio" allows clients to diversify through an investment in a select group of managed futures trading programs.
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Account Information
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Types of trading accounts offered:
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| Customers online account information is updated: Delayed (< 1 day)
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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:
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Exchanges covered:
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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:
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| Allow stop, limit, and stop limit orders? No
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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:
No up-front sales charges (unlike many other brokers). Many of the money managers we work with reduce or waive their ongoing management fees for our clients. Our clients pay discount commission rates. Money managers are paid "Incentive Fees", a percentage of the profits you earn. If you don't earn a profit, the traders do not receive the "Incentive Fee".
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This broker's service is better than the competition in these areas:
It is estimated that 90% of futures traders lose money. We believe that an investor is often best served when they pay a discounted commission rate and they fees they pay are linked to the profits they earn. The "Trader's Challenge Portfolio" allows clients to participate in a "portfolio" of professionally managed futures trading programs. We believe that this enhances the chances for trading success.
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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:
N/A
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The major plans for upgrading the current level of trading service are as follows:
N/A
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