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General Information |
| Brokerage name: Crown Futures Corporation
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| Minimum account size: < $1000
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| Base commission rates: $50-$60
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Brief explanation of margin rates, if applicable:
Industry standards.
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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:
Standard futures and options trading, specialize in scale trading, technical day trading S&Ps and agricultural spreads. Full service with additional online trading and discount prices available. Monthly newsletter, daily market report, with free trial subscriptions. Customers can access account information online from clearing firm.
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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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On-Line Discount Broker
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| Customers online account information is updated: End of trading day
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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:
| CBOT-Chicago Board of Trade
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CME-Chicago Mercantile Exchange
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KCBT-Kansas City Board of Trade
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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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Portfolio management
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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: Yes
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Additional Comments
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Special features included in the service are:
Office hours 7-4 central time, no extra charge for stop, limit and stop limit orders.
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This broker's service is better than the competition in these areas:
Reputation for integrity. Absolutely no high pressure sales. Hal Masover's book on Crown' specialty, Invest Like the Pros, successfully underwent pre-publication review by the National Futures Association. We have online instant order entry with clearing firm.
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Types of security precautions taken for customers:
We never sell, rent, or exchange customer or prospective client information with any other party. Standard industry precautions.
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Communications during systems failures has been assured through:
Communications: multiple cell phone, long distance carriers. Power: Backup generator and computer battery backups. Y2K: Began checkout in 1997, all internal systems ok.
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The major plans for upgrading the current level of trading service are as follows:
Developing instant quote systems multitasked with online trading. Masover book being re-published by Wiley this winter. Our instant access to one clearing firm is being extended to others.
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