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General Information |
| Brokerage name: PGA Futures, Inc.
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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:
Typically we require exchange minimum margin rates, but reserve the right to add to that margin on an individual account basis
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| This brokerage has been in business for: 5-10 years
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| Primary type of broker: Options
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Brief description of services offered:
PGA Futures, Inc. is a full service commodities firm that specializes in risk managed option strategies. While we offer a customizable platform of services to suit the individual client, a partial list of our free services include: monitored paper trading, research, trade recommendations, newsletters, a full service website with quotes, charts, educational material, and more. We also offer discount trading services, online trading, online account access, customized trade recs, managed accounts, etc.
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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:
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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:
| 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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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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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:
one-on-one customized full service
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This broker's service is better than the competition in these areas:
execution, custom services, trade recommendations, research, ethics, customer service
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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:
multiple back-up phone numbers in various locations throughout the US
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The major plans for upgrading the current level of trading service are as follows:
constant improvement in online access, reduced costs of business passed on to the client, more research and trade recommendations, etc.
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