United Kingdom
Experience: Intermediate
Platform: Multicharts
Trading: Dow
Posts: 587 since Nov 2010
Thanks Given: 257
Thanks Received: 256
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There's really no need to discuss the issues in this thread since there's another venue on the forum but clearly there is some turmoil with some futures brokers at present and there are a number of traders switching broker. Personally I think it has been very enlightening in revealing the brokers that I would prefer not to do business with.
I'm considering changing broker and am looking at different factors, I found that the CFTC publish financial data on FCMs, so you can consider factors such as adjusted net capital, customer segregated funds etc for each FCM relative to each other.
See link below to PDF from the CFTC website with the latest data published;
https://www.cftc.gov/ucm/groups/public/@financialdataforfcms/documents/file/fcmdata1013.pdf
This thread is to discuss the financial health of brokers.
Another worthwhile link is the NFA where you can search for regulatory actions taken against any futures broker https://www.nfa.futures.org/basicnet/
Apologies if the CFTC link exists elsewhere on the forum, I couldn't find anything.
Regards
PD
"The primary thing required to obtain what you want from life, is simply the will to pursue it, and the faith to believe it is possible." - Author Unknown
"The ability to maintain discipline and stick to the rules is the hallmark of the experienced successful trader" - Curtis Faith |
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