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General Information |
| Brokerage name: American Futures and Options
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| Minimum account size: $5000-$10000
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| Base commission rates: $11-$14
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Brief explanation of margin rates, if applicable:
Our commissions are based on volume and are never set in stone. If you would like a quote please call or email us at scott@americanfutures.com 800-228-7058
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| This brokerage has been in business for: 5-10 years
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| Primary type of broker: Instant order execution-Futures
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Brief description of services offered:
Our online system offers excellent execution and the speed of the fills are back in 1-3 secs in some markets
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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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Indices
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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:
| 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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MEFF-Spain's Futures & Options Exchange
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MidAm-Mid-America Commodity 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:
| 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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| Head line news
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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:
N/A
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This broker's service is better than the competition in these areas:
Service. Some brokerages only offer email support or trade desk clerks. As my client you will never talk to a clerk or an assistant. I also give all clients access to my personal cell phone.
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Types of security precautions taken for customers:
Our software uses 128 bit encryption
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Communications during systems failures has been assured through:
You will have two 800#'s for back up should something go array.
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The major plans for upgrading the current level of trading service are as follows:
We will be offering wireless internet trading in the very near future.
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