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General Information |
| Brokerage name: Global Futures Exchange & Trading Company
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| Minimum account size: $5000-$10000
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| Base commission rates: $14-$16
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Brief explanation of margin rates, if applicable:
We use PMB as our FCM, with minimum day trading margins, and on line e-trading OR broker assisted trading
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| This brokerage has been in business for: 5-10 years
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| Primary type of broker: Futures
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Brief description of services offered:
Excellent service, fills, phone orders, e-trading, execution, advice, assisted trading, the best trading software available is used in house. WE SPECIALIZE IN DAY TRADING THE S&P AND E-MINI SP & Nasdaq
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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:
| 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:
| 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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KCBT-Kansas City Board of Trade
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| LIFFE-London International Financial Futures Exchange
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MidAm-Mid-America Commodity Exchange
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NASDAQ
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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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OTC
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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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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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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: No
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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:
Direct institutional floor access for intraday trading
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This broker's service is better than the competition in these areas:
TRADING ADVICE, TEACHING MARKETS, EXECUTION, DAY TRADING, POSITION/SWING TRADING, SYSTEM TRADING
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Types of security precautions taken for customers:
ADHERES TO ALL INDUSTRY STANDARDS OF SECURITY
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Communications during systems failures has been assured through:
DIRECT TELEPHONE CONTACT
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The major plans for upgrading the current level of trading service are as follows:
THE CURRENT SERVICE IS AT AN EXTRAORDINARY LEVEL AND WE ARE ALWAYS UPGRADING AND ENHANCING OUR SERVICE AND IN HOUSE SOFTWARE.
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