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General Information |
| Brokerage name: First Pacific Trading Group
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| Minimum account size: < $1000
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| Base commission rates: $20-$30
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Brief explanation of margin rates, if applicable:
Exchange Minimum Margins plus Span Margins for options
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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:
N/A
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Account Information
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Types of trading accounts offered:
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| Customers online account information is updated: N/A
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Types of trades offerered:
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| Other trade types: 24 Hour Globex
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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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CSCE-Coffee Sugar & Cocoa Exchange, Inc.
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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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New York Stock Exchange (NYSE)
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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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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:
Free access to a full service Commodity web site and free limited access to Vacis, a toll free automated real-time quote service.
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This broker's service is better than the competition in these areas:
1) All brokers have over ten years experience 2) We offer customized service depending on the client's needs 3) We are experienced in options selling techniques 4) We offer full service at discounted commission rates
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Types of security precautions taken for customers:
1) Brokers check in-house equity runs as they place customer orders 2) Online client's have security checks in place with the IOXM system
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Communications during systems failures has been assured through:
The IOXM system
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The major plans for upgrading the current level of trading service are as follows:
We will soon offer a portable online unit which will allow client's to place orders direct on the internet on a small battery operated unit.
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