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General Information |
| Brokerage name: Axis Trading Company
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| Minimum account size: < $1000
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| Base commission rates: $40-$50
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Brief explanation of margin rates, if applicable:
Exchange minimum margins accepted. Special rates available to qualified customers.
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| This brokerage has been in business for: 2-5 years
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| Primary type of broker: Futures
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Brief description of services offered:
Full Service at discount prices. System monitoring, Free Quotes and charts, papertrading, free newsletters, free, daily research, online access, and much more.
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Account Information
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Types of trading accounts offered:
| Full Service
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On-Line Full Service
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Premium Service
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Phone (touch tone) Discount Broker
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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:
| Bonds
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Options
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Futures
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Cash markets
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| Indices
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| Other trade types: Forex
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Types of quotes offered to customers:
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Execution methods offered:
| 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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CME-Chicago Mercantile Exchange
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CSCE-Coffee Sugar & Cocoa Exchange, Inc.
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| KCBT-Kansas City Board of Trade
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LIFFE-London International Financial Futures Exchange
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MATIF-France's Futures & Options Exchange
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MidAm-Mid-America Commodity Exchange
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| Minneapolis Grain Exchange
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NYCE-New York Cotton 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:
| Technical Analysis
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Fundamental Analysis
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Basic -charts & graphs
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Advanced- charts & graphs (technical indicators, ability to change parameters, etc.)
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| Trading software- charts & graphs (create trading systems, scan and sort based on technical criteria)
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Head line news
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Unique proprietary stories and news coverage
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Portfolio management
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| Wireless (quotes, alerts, execution, etc.)
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Allow naked option writing
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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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Mail
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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: Yes
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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:
System monitoring.Free Books and Newsletters exclusive to clientele. Personalized assistance in development of trading strategy. Customized order execution and service to fit individuals unique style of trading.
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This broker's service is better than the competition in these areas:
order execution, customer service, papertrading, research, providing free quotes and charts, online account maintenance, and most importantly full service at deep discount prices
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Types of security precautions taken for customers:
ssl secured web commerce and access
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Communications during systems failures has been assured through:
North American Bell phone system
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The major plans for upgrading the current level of trading service are as follows:
Incorporating diverse/multiple systems monitoring for clients.
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