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General Information |
| Brokerage name: Traders Network Inc
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| Minimum account size: $1000-$2000
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| Base commission rates: $30-$40
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Brief explanation of margin rates, if applicable:
Exchange minimum margins rates
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| This brokerage has been in business for: 10-15 years
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| Primary type of broker: Futures
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Brief description of services offered:
Full Service - Discount Service and Online trading available. Educational material for the beginner and expert trader, such as books, courses, and software. Out Market Center Direct software offers, live quotes, monthly, weekly, daily and intra-day charts, technical indicators, news, order placement and account access. The Traders Market Veiws is an electronic newsletter sent out three times a week.
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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: Delayed (< 1 day)
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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:
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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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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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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:
N/A
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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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