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General Information |
| Brokerage name: Zap Futures
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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: Instant order execution-Futures
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Brief description of services offered:
Everything from self directed online accounts to full service including auto system where we monitor your own system
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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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On-Line Discount Broker
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| Customers online account information is updated: N/A
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Types of trades offerered:
| Options
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Futures
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Cash markets
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Indices
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| Other trade types: N/A
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Types of quotes offered to customers:
| Delayed Data
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Real-Time
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Nasdaq Level II
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Execution methods offered:
| Online Broker(trade desk)
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Wholesaler
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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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| Minneapolis Grain 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:
| 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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| 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:
software, 24 hour support desk - answer phone in one ring
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Types of security precautions taken for customers:
2 layers of encrypting and codes
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Communications during systems failures has been assured through:
24 hour support desk
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The major plans for upgrading the current level of trading service are as follows:
constant upgrades
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