I think you have to ask your broker for the fees. It the broker who can give you exactly the round term fees for the
futures you want to trade. Some are calculating the fees on the number of trades you make
to: support @ Mirus Futures
I do not consent to having my account transferred from RCG to Dorman.
I have filled out the on-line withdrawal form to have the balance in the account wired to my personal bank.
from: Treasury @ Mirus Futures
We have received your withdrawal request and it has been processed.
to: Customer Service @ RCG Direct
This is to inform you that I do not intend to continue using MIrus as an IB.
I have withdrawn all funds and request that you close out that account.
INTRODUCED BY MIRUS FUTURES
THE FOLLOWING JOURNAL ENTRIES HAVE BEEN POSTED TO YOUR ACCOUNT.
1/28/4 F1 CASH FROM RCG
BEGINNING BALANCE .00
ENDING BALANCE .00
* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
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* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
RCG must close your account and return your funds to you.
Received today from mirus.
January 29, 2014
Dear Mirus Futures Customer:
As you are aware, your account was introduced to Rosenthal Collins Group ("RCG"), by Mirus Futures LLC ("Mirus"), a registered independent introducing broker located in Chicago. As an independent introducing broker Mirus cleared its accounts through several registered futures commission merchants ("FCMs"), including RCG and Dorman Trading LLC ("Dorman"). However, Mirus is now a guaranteed introducing broker of Dorman, and so must clear all of its accounts through Dorman.
Mirus moved its accounts to Dorman on or around close of business January 24th, 2014. However, neither Dorman nor RCG is able to service your Canadian account going forward, and so RCG must close your account and return your funds to you.
Please complete the attached International Funds Transfer Authorization form and return it to RCG at firstname.lastname@example.org or fax it to (312) 795-7948 prior to the close of business on Friday February 14, 2014 so that we may return your funds to you.
The following user says Thank You to khaled514 for this post:
I had the same experience as you. Closed my account with RCG, received my funds, and then got an account statement from Dorman a couple days later showing zero balance. Ridiculous since I never agreed to an account with Dorman!
Last edited by Haverchuck; January 31st, 2014 at 09:24 PM.
This must have been a bulk transfer and an administrative entry.
If I am not mistaken, there is a grace period as far as you providing information and filling out the form.
After that, it is auto closed. Again, check with clearing as I go off memory.
PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
The following user says Thank You to mattz for this post:
Broker/Data: Mirus Futures/Continuum, Inifinity Futures, TOS
Favorite Futures: TF
Posts: 204 since Jun 2011
Thanks: 1,273 given,
Good question, I'm curious too. My guess is that if Canadians were allowed to open accounts with US brokers, then Canadian brokers would probably lose all their local customers..
Hi Matt, thanks for your post #1191. I was sure that the FCMs would not want to close their Canadians' accounts, if they could do so. Was just curious about what are the laws/regulations that prevents that..so your reply kinda sums it up..
Last edited by fourtiwinks; February 1st, 2014 at 03:11 AM.
Reason: Just to reply to mattz
The following 2 users say Thank You to fourtiwinks for this post: