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Edge Clear futures broker www.edgeclear.com (FT71)


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Updated June 2nd 2020 by EdgeClear
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Edge Clear futures broker www.edgeclear.com (FT71)

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  #11 (permalink)
San Antonio, TX
 
 
Posts: 4 since Dec 2018
Thanks: 0 given, 1 received

FuturesTrader71, So you clear through Ironbeam. Is there a reason why Firetip is not included in your list of platforms? On the Ironbeam website Firetip is featured.

Apogee

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  #12 (permalink)
Chicago, IL
 
Experience: Master
Broker: Edge Clear
Trading: Futures
 
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Posts: 11 since Apr 2020
Thanks: 9 given, 22 received


apogee View Post
FuturesTrader71, So you clear through Ironbeam. Is there a reason why Firetip is not included in your list of platforms? On the Ironbeam website Firetip is featured.

Apogee

Hi Apogee,

Thank you for reaching out! This is a great question. Since we clear through Ironbeam, we have access to the firetip software on top of the platforms listed. Please reach out so your personal broker can help set you up with the Firetip platform. Our contact form can be found here: https://edgeclear.com/contact

Have a great weekend!

Thanks,

Please call us with any questions 773.832.8320 or 844.TRADE20. Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
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  #13 (permalink)
Atlanta, Georgia
 
Experience: Beginner
Platform: Sierra Chart
Trading: MES
 
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Posts: 85 since Sep 2016
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Is there offerings for Nikkei market data and trading? Currently AMP and IB are the only ones I'm aware of that offer that market.

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  #14 (permalink)
Chicago, IL
 
Experience: Master
Broker: Edge Clear
Trading: Futures
 
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Posts: 11 since Apr 2020
Thanks: 9 given, 22 received


jakobe View Post
Is there offerings for Nikkei market data and trading? Currently AMP and IB are the only ones I'm aware of that offer that market.

Hi Jakobe,

Thank you for reaching out! We do have a solution for the Asian markets. Please reach out so your personal broker can provide more information around these contracts. Our contact form can be found here: https://edgeclear.com/contact-us/

Have a great weekend!

Thanks,

Please call us with any questions 773.832.8320 or 844.TRADE20. Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
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  #15 (permalink)
Dover+NJ/US
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Stage5/Advantage Futures
Trading: NQ
 
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Posts: 2,024 since Jan 2015
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Updating here.

There was some discussion during the webinar about FIO members forming a group/pool to get discounted commissions. Anybody interested? We'd need at least 5, but the more the merrier.


Hit on the thread

https://futures.io/trading-reviews-vendors/54289-edge-clear-group.html#post801643

--------
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  #16 (permalink)
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Manta, Ecuador
 
Experience: Advanced
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I've been talking to Morad already. My hope is we can include any Elite Member that wants it.

Will update when have more. Nothing for certain just yet.

chipps1983 View Post
Updating here.

There was some discussion during the webinar about FIO members forming a group/pool to get discounted commissions. Anybody interested? We'd need at least 5, but the more the merrier.


Hit on the thread


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  #17 (permalink)
Prague, Czechia
 
Experience: Intermediate
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Broker: Sierra Data
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Posts: 20 since Jan 2019
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I'm waiting for TT-web platform + TT routing possible on Eurex without this horrible 250$/month fee.
Unfortunately for now it's not possible.

If you will offer it + good commission, I'm in

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  #18 (permalink)
Buenos Aires Argentina
 
Experience: None
Platform: TWS
Trading: Micro ES
 
Posts: 44 since Mar 2018
Thanks: 32 given, 29 received

Edge Clear, Dear Sir:

I guess your company is starting as a small business (comparing to other brokers like IBKR or TDA, for example)

Currently there is large volatility in the markets.

For example one week ago IBKR recognized a loss of US$ 88.000.000 resulting from the crude oil contract price dropping

The coronavirus subject brings uncertainty too.

Due to events like these or similar, do you think your company is financially strong as to face volatile events?

For example, if several of your clients suffer loss in excess of the cash in their accounts due to margin calls and because of this you too loss a lot of money ... do you have a plan to face events like this?

Excuse my mean english. My best wishes for your project. I am one of the several followers of FT71 too.

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  #19 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
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Posts: 48,781 since Jun 2009
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Buenos días, usted inglés está bien, ¡mejor que mi español!

I'm sure that @EdgeClear will respond, but I wanted to point out a major distinction here.

IBKR is also an FCM, in addition to accepting accounts directly from the public. That means they clear their own clients trades.

Edge Clear is not an FCM (yet?) and gives you several choices who you would like to clear through. You can find a barometer of FCM financial health, as required, on the CFTC website I believe (someone please correct me). This report lists their exact cash on hand in their clearing account, for example, exactly for what you described -- client losses in excess of client trading account value.

tengas un buen día!

Blaster666 View Post
Edge Clear, Dear Sir:

I guess your company is starting as a small business (comparing to other brokers like IBKR or TDA, for example)

Currently there is large volatility in the markets.

For example one week ago IBKR recognized a loss of US$ 88.000.000 resulting from the crude oil contract price dropping

The coronavirus subject brings uncertainty too.

Due to events like these or similar, do you think your company is financially strong as to face volatile events?

For example, if several of your clients suffer loss in excess of the cash in their accounts due to margin calls and because of this you too loss a lot of money ... do you have a plan to face events like this?

Excuse my mean english. My best wishes for your project. I am one of the several followers of FT71 too.

Sent using the futures.io mobile app

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
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  #20 (permalink)
Chicago, IL
 
Experience: Master
Broker: Edge Clear
Trading: Futures
 
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Posts: 11 since Apr 2020
Thanks: 9 given, 22 received



Blaster666 View Post
Edge Clear, Dear Sir:

I guess your company is starting as a small business (comparing to other brokers like IBKR or TDA, for example)

Currently there is large volatility in the markets.

For example one week ago IBKR recognized a loss of US$ 88.000.000 resulting from the crude oil contract price dropping

The coronavirus subject brings uncertainty too.

Due to events like these or similar, do you think your company is financially strong as to face volatile events?

For example, if several of your clients suffer loss in excess of the cash in their accounts due to margin calls and because of this you too loss a lot of money ... do you have a plan to face events like this?

Excuse my mean english. My best wishes for your project. I am one of the several followers of FT71 too.


Thanks @BigMike! Here is the link you are referring to about FCM's Financial Data: https://www.cftc.gov/MarketReports/financialfcmdata/index.htm

The number we like to look at is the Excess Net Capital. This is the amount by which the adjusted net capital exceeds the net capital requirements.

Hi @Blaster666

Thank you for reaching out! This is a great question. I believe Edge Clear is financially strong to face the toughest challenges. As Mike mentioned, we are an Introducing Broker which has clearing relationships with multiple FCM's. As an IB, we do not hold the customer segregated funds account. FCM's are required to hold these funds in a segregated bank account that are held separate from the working capital of the FCM.

This customer segregation protection is a core principle of the futures industry. We take customer funds and the risk in trading futures very seriously at Edge Clear.

Please call us with any questions 773.832.8320 or 844.TRADE20. Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
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