- Soft launch was April 2020
- Morad is 100% owner
- Three brokers followed him from Stage 5 to Edge Clear, for those who have existing relationships with Max Timmins, Ian Blanke and Kevin McGee
- Max is the Director, Ian and Kevin are Senior Brokers
- They offer clearing with Ironbeam, Phillip, and Advantage presently
- They offer Sierra Chart, Bookmap, Jigsaw, CQG, and R-Trader platforms
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
Posts: 50,088 since Jun 2009
Thanks: 32,548 given,
98,548
received
Hi guys,
It is my pleasure to welcome Morad Askar (aka @FuturesTrader71) with Edge Clear Brokerage for our 381st webinar event, on Thursday, April 23rd @ 4:30 PM Eastern US.
In addition to Morad, please also welcome Max Timmins, Ian Blanke and Kevin McGee from Edge Clear brokerage.
About Morad Askar, owner of Edge Clear:
- Trading since 2000
- Owned and operated a proprietary trading firm
- Member of CME Group
- Licensed Professional Trader on Eurex
- Managing Director of Convergent Trading - A unique online virtual prop firm
- 100% owner of Edge Clear LLC, an Introducing Broker for futures traders
The title for the event is "Live Video Panel with Edge Clear - The Newest Brokerage", and bullet points include:
- Who are we?
- Why do we exist?
- What do we offer?
- Where you can find us
- Panel discussion about all you need to know about futures brokerage and costs
Thanks for having the team and I on, Mike. Really looking forward to this live video streaming format. Looking forward to having fun discussing trading, what is seen from the brokerage side and answering all kinds of questions ranging from the use of margins to membership to what a broker should be doing for you.
If you have questions, please ask them here and we will answer them during the panel discussion. Hit us with your toughest shots.
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
The following 2 users say Thank You to FuturesTrader71 for this post:
Very much not impressed by this presentation. The biggest turn OFF was the fact that there is no overnight broker support (unless client goes directly to the clearing firm) and the technology solutions for many using Sierra TT order routing is not ready. Looks very raw and NOT ready to accommodate serious traders.
The following 5 users say Thank You to Meklon for this post:
We appreciate your comments and concerns regarding Edge Clear.
We think there may be some confusion. Our brokers and trader support team is not available on a 24 hours basis. We will be able to do this in the future with your support. Our brokers are normally available between 8:30 am EDT through 5:30 pm EDT.
However, we do provide access to a 24 hour emergency trade desk for those who need it. In the meantime, questions relating to support can be handled by Edge Clear's support center 24 hrs a day, every day.
As for Sierra/TT order routing, this can be made available to those who want it. The best way to address this is for you to call and for us to assign a personal broker to you who will help answer your questions and concerns. You can always reach us at +1.773.832.8320 or 1.844.TRADE20
We are already accommodating serious traders and have been serving online traders for over 8 years. Our offering will only get better with everyone's support.
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
The following 2 users say Thank You to FuturesTrader71 for this post:
Ok, please give me one good reason to switch from Advantage or Infinity. What do you guys offer that will dramatically change my experience and make it worth while? I am already getting significant discount on commissions and NOT interested in hunting few pennies....
The following user says Thank You to Meklon for this post:
Glad you are seeing beyond just bartering for lower commissions. It sounds like you are experienced enough to know that there are many components to the markets and to trading as there are to brokerage and clearing. The team goes beyond being just brokers. We understand trading to know that there is no canned answer to your question. If you are comfortable with your current arrangement, then please know that we are here when you feel like reaching out. If you want to have a personal broker look at your needs and see where we can provide value, please call us (773.832.8320 or 844.TRADE20) or reach out through our contact form here.
Have a fantastic weekend!
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
The following user says Thank You to FuturesTrader71 for this 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
The following user says Thank You to apogee for this post:
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.
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.
The following user says Thank You to EdgeClear for this post:
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.
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.
The following 3 users say Thank You to Blaster666 for this post:
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
Posts: 50,088 since Jun 2009
Thanks: 32,548 given,
98,548
received
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.
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.
The following 5 users say Thank You to EdgeClear for this post:
Yeah, fully aware. They are not ready just yet, but will keep you posted on anything that develops there. You will be the first to know.
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.
The following 3 users say Thank You to EdgeClear for this post:
The following are some of the questions during the webinar. If any of these merit a written response in addition to any response already given in the video, please reply for the benefit of all members reading and searching for answers:
I currently trade through Advantage via an IB with both know, and use Sierra Charts with Sierra Charts Data and routing. I don't want to change my charting platform, I'm not particular about the clearing firm, and with my previous relationship with you (Morad), Max, and Ian, I would love to move over. How long do you anticipate having a solution for my situation?
We are more interested in the support of FT71 and team. What are the supporting tools like chat room etc.
When do you anticipate having analytical tools available. Tx
I get multiple disconnects from Rithmic Demo every day. Is Rithmic Live better? CQG Live does not have this problem
do you allow corporate customers?
European clients?
Can you register Canadian traders?
I use BarChart for my data feed, along with WindowTrader for my charts, so all I need is a platform to execute trades. What would I use for that if I sign up with EdgeClear?
Do you offer futures options?
I couldn't find a page on the website where you describe different fees like for withdraws. Do you have also fees for inactivity?
Is phone support available after hours?
Are you considered as a pro if you have a cme seat leased ?
minimum acct size?, and do we get a free hat?
Can Grandfathered (2012) versions of Ninja Trader 8 be used with your service?
do you have 24 hr emergeny contact number?
What is the affiliation with Convergent Trading if any?
We can absolutely help with these questions. We will go through them and post the answers ASAP!
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.
Do you have a simulator account? Is that free? -You are able to sign up for a real time demo from any platform on this page - https://edgeclear.com/trading-platforms/ This is a non-exhaustive list, so if you have a platform in mind that works with Rithmic or CQG data, let us know!
is there an API to connect through NT8 -There can be depending on when you purchased the software. You will need to have owned a license prior to 2015 to be able to use your Ninja platform with any brokerage. Feel free to comment on this thread or reach out to Edge Clear directly for more assistance.
what Asian markets are covered? – We have access to the SGX (Singapore Exchange), OSE (Osaka Exchange), and HKEX (Hong Kong Exchange)
I currently trade through Advantage via an IB with both know, and use Sierra Charts with Sierra Charts Data and routing. I don't want to change my charting platform, I'm not particular about the clearing firm, and with my previous relationship with you (Morad), Max, and Ian, I would love to move over. How long do you anticipate having a solution for my situation? – We would love for you to join the team as well! We can accommodate your Sierra Chart platform with the Denali feed through other order routing services. If you would like more information on this solution, you are welcomed to reach out to Edge Clear and one of your previous relationships (Morad, Max, or Ian) will walk you through the setup.
We are more interested in the support of FT71 and team. What are the supporting tools like chat room etc. –Edge Clear is a brokerage firm that is committed to providing personal support to all of its members. Kevin and Ian are not only fantastic brokers, but they also trade their own account and can speak to your needs from that level. This is in addition to years of experience in understanding the industry, the various trading platforms and so on. As of right now, Edge Clear does not provide access to a chat room. We do have partnership that provide that service. We would be happy to discuss this with you.
When do you anticipate having analytical tools available. Tx - There are many analytics tools on the market. @FuturesTrader71 started creating them back in his prop shop days in 2003. What he is building now is something that will be available to all our members using our technology and we believe the details and training to use it will be unmatched. We anticipate its release in 2nd half of the summer. With more members joining, we would like it to be sooner. But to put out a proper product, it takes a bit of time.
Is Denali on Sierra Chart also a Direct Market Access Feed? -Denali is the feed that Sierra Chart has created to power their charts with data. You still need an execution service to submit orders through. This is where we come into play to set up the order routing service through one of our providers.
"hi. will traders have free accress to heatmap? -We do not have a free heatmap currently. However, we work with a wide variety of platforms that offer this tool. Some examples are BookMap, Jigsaw and Sierra Chart
thanks in advance and congratulations!" -THANK YOU!! We would not be here without the support and involvement of our members. 😊
Are Accounts from Dubau UAE allowed? – Yes, we can accept accounts from the UAE!
Does Rithmic have a Daily Risk Limit that locks you out after a predetermined Loss? -Yes, we can set up a daily loss limit on your account! There are two ways we can set this up, as a minimum account balance or a daily loss limit. Either in a dollar amount or percentage.
I trade Es and MES futures on schwab occasionally. How is this offering different from that? – For one, the commissions should be lower, and in our opinion, the market data you will receive from a Futures specific data and execution service will be much higher quality.
You have mulitple FCMs. Why would I pick one over the other? There are many factors involved that we would not want to make a recommendation. However, feel free to reach out to an Edge Clear representative with your preferred setup, and our experts will be able to guide you into the right direction.
do you also support TT? or only CQG/Rithmic? – We support CQG, Rithmic, TT, Certigo and CTS.
I get multiple disconnects from Rithmic Demo every day. Is Rithmic Live better? CQG Live does not have this problem - There are many factors involved around this including internet speed, ping time, anti virus software, and the prioritization of Live servers. We would like to schedule some time to talk with you about this. Can you please reach out to Edge Clear and reference this comment? The goal of this is to make sure you are properly set up, and if you would like to use CQG you can with us!
do you allow corporate customers? – Yes! We do accept corporate accounts.
European clients? -Yes, we can accept most European traders as Edge Clear members!
Can you register Canadian traders? Yes we can!
I use BarChart for my data feed, along with WindowTrader for my charts, so all I need is a platform to execute trades. What would I use for that if I sign up with EdgeClear? -There are a few options we can offer through CQG and Rithmic. A couple platforms we have in mind are R|Trader Pro or TradingView. In my opinion, these are some of the lower costing platforms if all you are looking for is execution.
Do you offer futures options? -currently, we allow long options only. We do not allow short selling of options products.
I couldn't find a page on the website where you describe different fees like for withdraws. Do you have also fees for inactivity? -Withdraw fees depend on the location and type of withdraws. Wire fees range from $25-$60. We do not charge inactivity fees, however, Rithmic and CQG both have monthly API fees.
Is phone support available after hours? -We do not have access to phone support overnight. With the support of our traders, this may be something we can offer in the future. At this time though, we have created a Support Board that continuously evolves as we receive inquiries. Traders have access to our Support Center 24 hours a day, 7 days a week, 365 days a year. For your convenience, please find the Support Center below:
However, if you would like to trade at a clearing firm that offers a 24/6 Emergency Risk Desk in case of live trade emergencies, please contact us and a broker can point you in the right direction.
Are you considered as a pro if you have a cme seat leased ? – Yes, you are considered a professional and must pay professional data fees if you lease a seat on the exchange. However, depending on your volume, you still may save you money by leasing a seat on the exchange.
minimum acct size– The absolute minimum to trade the Micros are $1,500. For most other products, we prefer an initial starting balance of $10,000. However, we can accept lower amounts on a case by case basis.
and do we get a free hat? -I just so happen to have an extra hat! 😊
Can Grandfathered (2012) versions of Ninja Trader 8 be used with your service? – Yes!
do you have 24 hr emergeny contact number? -We do have a 24-hour emergency trade desk for those trading after the RTH session!
What is the affiliation with Convergent Trading if any? - There is no direct affiliation between Convergent and Edge Clear. @FuturesTrader71 participates in both. Convergent is where the trader development, chat services, statistical reports, forums and other prop tools are available for members. Edge Clear supports all members and partnerships that join us equally.
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.
The following 5 users say Thank You to EdgeClear for this post:
Thanks @BigMike! We are finalizing a few different options around the Commission Pools for FIO. We should have proposal by the end of next week.
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.
The following 3 users say Thank You to EdgeClear for this post:
Edge Clear does not have a relationship with TTN at this time.
Are you searching for a news feed?
Best of luck trading!
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.
The following user says Thank You to EdgeClear for this post:
Yes! Edge Clear will have access to the Small Exchange next week through ALL of our clearing firms! We will have access to the data through Rithmic and CQG. More information will be sent out from Edge Clear at some point today. I will follow up on this thread at that time.
We are very excited about the launch.
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.
The following user says Thank You to EdgeClear for this post:
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.
The following 2 users say Thank You to EdgeClear for this post:
Getting close! Sorry it has taken so long. There are some things we are working out and should have some information out sometime this month.
Thanks for your patience and understanding!
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.
The following 2 users say Thank You to EdgeClear for this post:
Just wanted to mention my positive experience with Edge Clear. If you are considering switching brokers, it will be worthwhile to look into their professional and helpful services.
Edge Clear offers support, for example, in setting up Rtrader Pro to output data to two platforms for the price of one data fee. This workaround method allows small traders like me to avoid the CME monthly professional fee instituted on June 1st.
Setting up RTrader Pro last week proved difficult, largely because of a Jigsaw issue as it turned out later. Edge Clear’s support was quick and helpful, thanks to Ian Blanke, who used a remote connection to inspect settings and repair the problem. This procedure took a couple of hours of work. I have always been glad for the depth of expertise and friendliness with Edge Clear, but last week’s help with this problem was remarkable.
Part of the reason EC support is better than the three other brokerage firms I have tried is their policy of assigning one broker to every account. Unlike other brokerage help desks where it is necessary to explain the problem multiple times and go back and forth with emails and phone calls, the EC representative works with you on your problem until it is solved.
I went with Edge Clear initially because it was founded by Morad Askar, also known as FT71. Morad offers Trader Bite every morning at 9 a.m. EST on YouTube. During the premarket review, Morad covers price areas likely to be active and outlines hypothetical scenarios of price moves. It is a detailed and thorough explanation of market forces at work and the most useful way to get ready for the day I know. If you haven’t yet looked at it, it’s on YouTube every a.m., free of charge.
Sincerely,
Tom Cleary
p.s. I haven’t been compensated for this review.
The following 6 users say Thank You to avalo for this post:
Thank you Tom!! This is very nice of you to say. We appreciate the support and involvement you are giving Edge Clear. We look forward to working with you for many more years to come!
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.
There has been a lot of progress. Everyone should be receiving some information in the next couple weeks.
We appreciate the patience and look forward to everyone's feedback once its launched!
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.
The following user says Thank You to EdgeClear for this post:
We deeply appreciate getting your feedback and we are happy that your experience has been very positive. We have always focused on traders and their needs first. It is a pleasure to have you aboard. Thank you!
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
The following user says Thank You to FuturesTrader71 for this post:
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
Posts: 50,088 since Jun 2009
Thanks: 32,548 given,
98,548
received
Hi guys,
It is my pleasure to welcome Morad Askar (aka @FuturesTrader71) with Edge Clear Brokerage for our 391st webinar event, on Thursday, July 9th @ 4:30 PM Eastern US.
The title for the event is "Introducing Edge Pools: Prop Pricing Model" and bullet points include:
- Who is Edge Clear?
- What are Edge Pools?
- Advantages for the online trader
- Overview of the rules to participate
- Things you must know
- Ask A Question
About Morad Askar, owner of Edge Clear:
- Trading since 2000
- Owned and operated a proprietary trading firm
- Member of CME Group
- Licensed Professional Trader on Eurex
- Managing Director of Convergent Trading - A unique online virtual prop firm
- 100% owner of Edge Clear LLC, an Introducing Broker for futures traders
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
Posts: 50,088 since Jun 2009
Thanks: 32,548 given,
98,548
received
We are welcoming Edge Clear as a Site Sponsor
A few notes, on a few threads...
First, FT71's personal AMA thread still exists here:
@FuturesTrader71 has his own personal trading methodology, and countless webinars where he talks about his trading in-depth. He also has his own AMA thread, which is NOT related to Edge Clear Brokerage. That AMA is located here:
Morad Askar, better known as FuturesTrader71 or simply FT71, will be monitoring this thread so that he may answer any questions that you post here about trading in general.
Please keep in mind that some customer service/technical support issues are …
Second, Edge Clear's main broker thread where you can see reviews/comments and talk about their brokerage (you are reading this now):
Morad Askar and Max Timmins will be monitoring this AMA thread so that they may answer any questions that you post here relating to Edge Clear's products and services.
The purpose of this thread is to provide easy, high-level access directly to …
I ask the community to help us keep these three separate threads focused as best we can. Each serves its own unique purpose, and we don't want everything to be combined -- let's try to keep things organized.
For your convenience, we are making our presentation slides available to you in case you want to run through the information again. We are always happy to address your questions here as well. Please let us know if you have any questions. You can also contact us at Edge Clear's Website
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.
The following 4 users say Thank You to EdgeClear for this post:
Thank you for reaching out. Once the 365 day period ends, we will revisit the same pool structure you would be in and renew this for another year. If you prefer to move to a different group after the first year, that is also possible.
The goal is to have an FIO pool for each month of the year.
Registration for July ends on the 22nd with an August 1st start date.
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.
The following 2 users say Thank You to EdgeClear for this post:
We want to thank you all for attending and for the awesome support we have received so far. We are definitely excited about the Edge Pool program as it is a new and unique offering in our industry. We are driven to innovate for the benefit of the online trader and are relying heavily on our experience in the industry to do so.
We know competitors are watching and will try to compete in this space. We welcome this as it is another step we have taken to force others to help level the playing field, as we are aiming to do, for the benefit of FIO members and traders as a whole.
Please drop us your questions. This program will only get better. There is more to come!
Happy Monday Traders! Please be aware that the open registration for the July open enrollment (August start date) for Edge Pools is ending in TWO days!
Once the entire group is accounted for, we will create the threshold and send it to the group.
To take advantage of the full year and current enrollment period, your account must be opened and the Edge Pool contracts returned by August 1st. Any volume traded after July 22nd will count towards your groups annual threshold.
Happy trading!
Max
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.
#EdgeWisdom segment of today deals with traders taking impulsive or unplanned trades that jeopardize performance. See below for identification of the trader's complaint and the likely core issue that must be addressed. What are your thoughts on this?!
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.
The following 2 users say Thank You to EdgeClear for this post:
All accounts must be funded and opened by August 1st to take advantage of the August Edge Pool. The account opening process normally takes 3-4 days from submission to funding. You do not want to miss out!
Happy trading!
Max
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.
The first FIO Edge Pool Class is on its way! We are blown away by the number of participants. Thank you to everyone who signed up!! More information on the final numbers will come soon.
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.
The following 4 users say Thank You to EdgeClear for this post:
Edge Clear is offering Elite Members FREE CME Globex Level 1 Data until June 2021, with 10 contracts monthly minimum. Fee credited back at current market rates (8/1/20).
futures io has made special arrangements with these companies to provide discounted services for Elite Members. These discounts are only offered to Elite Members.
Note: In some cases, these vendors may be futures io sponsors - but we do not receive referral compensation for these offers. We simply worked out these special deals to help our Elite Members who have chosen to support the site. Even though we believe these are great products and services, you should always do your own research before doing business with a company.
Hi @snax! Thank you for reaching out. We plan to offer the next Edge Pool registration with a start date of December 1st very soon. Keep an eye on this thread!
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.
The following user says Thank You to EdgeClear for this post:
Thanks for reaching out! We can certainly help with these questions. Please find some answers below:
What are the actual rates traders are getting in the discounted pools? If you sign up through this link, we will automatically send you the details of the rates along with the process on how to get started. We actually just opened up the December pool registration for futures.io!https://edgeclear.com/futuresio-edge-pools/
Can EC cover the cost of Sierrachart pkg 3 and discount pkg 5? Normally we do not cover platform fees.
Can the SC Denali feed cost be deducted from the account balance? Not at the moment, however, we are working out some details to hopefully provide this in the near future.
Are there any changing margins as volatility changes, or special risk liquidation rules, ie flat X days prior to expiry? It is possible that margins can increase on the Exchange and/or FCM level. Two of our three FCMs increased margins due to the election and potential volatility that could come from it. As for the liquidation rules, we follow the same liquidation rules for each account, including the expiry rules. However, the expiry rules vary per product. If you can give us a call or fill out the contact request on our website, we can schedule some time to go through the risk rules in more detail.
Hope this helps! Feel free to reach out and schedule a call with one of our skilled Senior Brokers here: https://edgeclear.com/contact-us/
We look forward to hearing from you!
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.
Edge Clear does not charge liquidation fees for traders that hit their stops. For most cases, we do not charge a liquidation fee for emergencies either. What we have charged a liquidation fee for is if the risk desk needs to take action to liquidate a position to avoid a debit or if a trader is not properly margined at the close of business.
For more information on our risk procedures, please contact Edge Clear so you can be assigned a personal broker: https://edgeclear.com/contact-us/
We look forward to hearing from you!
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.
The following user says Thank You to EdgeClear for this post:
Thank you for reaching out @awesomizer! If the market data and platform are not enabled on your live account, you will not be charged any fees from Edge Clear. We do not charge inactivity fees for any of our accounts.
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.
I would just like to say how professional Edge Clear is, how easy and painless it was to set up a account with Edge Clear and Dorman.
A big thank you to Ian, and how quickly the replies were via email.
My previous broker, would take weeks and sometimes not reply at all.
Look forward to working with them.
The following user says Thank You to MrJD for this post:
That is great to hear @MrJD! Thank you for the kind words. Glad to hear everything went smoothly. We look forward to working with you as well!
Have a great weekend!
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.
Morad let me know that Edge Clear met with Eurex upper management end of last year to urge them to launch this type of product, for traders like most of us here on FIO, with reasonable fees.
Eurex agreed in the end, and their launch is April 19th. Edge Clear of course will carry the products on launch day.
BTW, Eurex doesn’t distinguish between members and non-members. Pricing is straight forward and doesn’t favor a particular trader level. They have one fee to get real time data for the entire exchange. The Euro STOXX 50 (the full contract designated as FESX) has the equivalent liquidity and daily volume as the ES. The DAX (the full contract designated as FDAX) trades much like the NQ with the same volume and range.
Trading: Emini ES, Nq (Dax when Rithmic get euro data) futures only
Posts: 11 since Jan 2020
Thanks: 103 given,
9
received
Does this mean you get dax via Rithmic (and Ian answered 1 day early to me) or would I need more than Rithmic to trade Dax?
Adolpho911
"Faith does not always let you fix the tuition fee; she delivers the educational wallop and sets her own bill" Jesse Livermore
"I am not curious when I know everything" Adolpho911
Thank you for your post. This depends on which clearing firm you are located at. Currently, our Dorman clearing firm has access to Eurex on Rithmic. We are working with Phillip Capital on adding Eurex to Rithmic, but currently only have access to Eurex on CQG. Let Ian know you are interested in Eurex on Rithmic and we will help get you set up.
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.
The following user says Thank You to EdgeClear for this post:
We have been and will be in discussion with Sierra Chart once the CME Direct routing service is available!
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.
The following user says Thank You to EdgeClear for this post:
Trading: Emini ES, Nq (Dax when Rithmic get euro data) futures only
Posts: 11 since Jan 2020
Thanks: 103 given,
9
received
My bad. I didn't remember it were Phillips (which regards me) that were "under construction" 😉, not "really the feed" that were the problem.
Adolpho911
"Faith does not always let you fix the tuition fee; she delivers the educational wallop and sets her own bill" Jesse Livermore
"I am not curious when I know everything" Adolpho911
Hi EdgeClear!
I'm a member of Convergent so know a fair bit about you.
Am looking for a new broker and would like to understand how a UK trader can fund an account with yourselves-do you have a UK set up or do I have to transfer money into the $US and wait three days, get charged and have a crap fx fee from the bank? Not your fault I know
The following user says Thank You to Keab for this post:
That is great! We look forward to helping you open a new brokerage account. You do not need to transfer funds into a USD bank account. Most FCM's we work with offer GBP or EUR funding instructions.
Accounts through Edge Clear can be funded in multiple currencies. Different currency accounts will be held separate from one another. A total theoretical account balance will be shown in USD on the daily statements. This theoretical total balance is generated using the current day’s spot FX conversation rate for any non-USD currencies.
For example, an account funded in EURO, but trading USD products, will create a separate USD account and will have two currency accounts, one USD account and one EURO account. The theoretical USD balance will fluctuate based on the exchange rate every day.
Edge Clear's brokers are trained to work with you on your specific setup and put you in the right place. Please reach out to one of our expert brokers today to learn more: https://edgeclear.com/contact-us/
Happy trading!
Please call us with any questions 773.832.8320 or 844.TRADE20. Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
The following 2 users say Thank You to EdgeClear for this post:
It looks like EdgeProx is based on Motivewave? I just started using Motivewave with Tradestation.
Might be switching to you guys if you are offering good prices and margins for Micros. Can you talk about Micros commissions and all other fees(CME, etc.) - total all inclusive roundtrip.
EdgeProx 35$ to trade CME futures and be able to use order flow tools on EdgeProx? No data fees for CME MBO data?
The following user says Thank You to stumbras for this post:
Thank you for the post. That is correct. Instead of going out and reinventing the wheel, we have chosen to build EPX on a solid engine and are more focused on building and customizing it to accommodate the serious active trader and professional. This allows us to bring key features to you as a user much more quickly and let others maintain the engine for us.
We have a very competitive commission and margin structure. Our suggestion is to fill out the commission table here to generate the all in cost for your account and a broker will reach out to verify the commissions and margins: https://edgeclear.com/commissions
Hope this helps! We look forward to hearing from you.
Best,
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.
The following 3 users say Thank You to EdgeClear for this post:
