All information is provided by the firms. However, because firms do things different ways or may not have interpreted questions the same way, we cannot guarantee that all information is correct. Verify with the firm. Many other firms were contacted but did not respond; several declined to participate.
Price quotes -- EOD: end of day; RTS: real-time streaming; RTD: intraday delayed; SSFs: single stock futures. RTS requires exchange fees in addition to any charge indicated.
Charts -- "All charts" means intraday, EOD, weekly, monthly charts and full analytical functions including popular indicators. If not the firm's own program, partner sources for charts and quotes are indicated.
Services -- "All newsletters" means intraday, daily, weekly, monthly, e-mail, print and online.
Alaron Trading Corp.
Chicago
Phone: 800-275-8844
E-mail: info@alaron.com
Web site: www.alaron.com
Clearing firms: Alaron Trading Corp., Man Financial
Trading platforms: Alaronline, patsystems J-Trader, Trading Technologies X_Trader, Fast Fill
Exchanges: All U.S., major international
Quotes: EOD, RTS, RTD, snapshot; 50 free quotes a day and 0.5 cents per quote thereafter; includes SSFs.
Charts: All charts; partner with FutureSource, Barchart, TradeSignals, eSignal.
Services: All newsletters; daily analysis; recommendations; Alaron Trading Academy Trading Simple free events; Single Stock Futures Resource Center paid events; FutureSource real-rime news free to customers, delayed to non-customers.
ANCO Discount Futures
Los Angeles
Phone: 800-795-2626
E-mail: wgordon@ancofutures.com
Web site: www.ancofutures.com
Clearing firm: Cargill Investor Services
Trading platform: ANCO Direct 7.0
Exchanges: All U.S., major international
Quotes: RTD, snapshot; unlimited free to all customers; includes SSFs; FutureSource.
Charts: All charts, historical back to 1999; FutureSource.
Services: Daily comments; courses; FutureSource news.
ChicagoEFutures.com
Chicago
Phone: 312-697-2440, 888-262-7303
E-mail: info@chicagoefutures.com
Web site: www.chicagoefutures.com
Clearing firm: Kottke Associates LLC
Trading platform: patsystems J-Trader
Exchanges: CME, CBOT, Eurex, LIFFE
Quotes: RTS; unlimited free to all customers; includes SSFs; patsystems.
Charts: No.
Carlin Futures LLC
New York
Phone: 877-330-TRADE
E-mail: fdecuollo@carlinfutures.com
Web site: www.carlinfutures.com
Clearing firms: Refco, SLK, Penson
Trading platforms: patsystems J-Trader, Realtick, Redi
Exchanges: All U.S., Eurex, LIFFE
Quotes: EOD, RTS, RTD, snapshot; unlimited free to all customers; includes SSFs; eSignal, RealTick.
Charts: All charts; firm's own program and eSignal, RealTick.
efutures.com
Platteville, Wis.
Phone: 800-854-8738
E-mail: klk@efutures.com
Web site: www.efutures.com
Clearing firm: Cargill Investor Services
Trading platforms: CQG Otto, Rolfe & Nolan
Exchanges: All U.S., major international
Quotes: EOD, RTS, RTD, snapshot; unlimited free to all customers; includes SSFs; CQG, Barchart, FutureSource.
Charts: All charts, 200+ indicators; CQG, Barchart.
Services: Print, online newsletter; daily comments; recommendations; Oster/Dow Jones news service for $45 per month.
Fox Investments
(a division of Man Financial)
Chicago
Phone: 800-621-0265
E-mail: info@foxinvestments.com
Web site: www.foxinvestments.com
Clearing firm: Man Financial
Trading platforms: M-Trade, patsystems J-Trader, X_Trader
Exchanges: All U.S., major international
Quotes: RTS streaming; free unlimited for Chicago exchanges, free up to 200 quotes a day for New York exchanges, 1 cent per quote above 200; includes SSFs; Barchart, FutureSource.
Charts: All charts; 42 indicators, customizable; Barchart, FutureSource.
Services: Weekly e-mail, online newsletter; daily comments; recommendations; courses; news links to more than 40 sources -- all free to customers.
Ira Epstein & Co.
Chicago
Phone: 800-284-3010
E-mail: Sysop@iepstein.com
Web site: www.iepstein.com
Clearing firms: Rolfe & Nolan, GTEX, Man Financial
Exchanges: All U.S., Eurex
Quotes: RTS, RTD, snapshot; includes SSFs; fees from $0 to $25 per month.
Charts: Firm's own program, all charts, 26 indicators.
Services: Daily, weekly e-mail newsletter; recommendations; courses for $295; Oster/Dow Jones news for variable fee; FuturesLine internet radio station, fee not yet determined.
Interactive Brokers
Greenwich, Conn.
Phone: 877-442-2757
E-mail: help@interactivebrokers.com
Web site: www.interactivebrokers.com
Clearing firm: Interactive Brokers
Trading platform: Trader Workstation (TWS)
Exchanges: All U.S. that offer electronic trading, major international
Quotes: RTS, RTD; U.S. futures quotes free to those generating more than $30 commissions per month, otherwise $10 per month; fees for international exchanges vary; includes SSFs.
Charts: All charts with six indicators but not programmable by user and no custom indicators; BigCharts.
Services: E-mail, online newsletter but not on a set schedule; news from CBS Marketwatch.com free.
Lehman Brothers Inc.
New York
Phone: 212-526-6876
E-mail: dregan@lehman.com
Web site: www.lehman.com
Clearing firm: Lehman Brothers
Trading platform: SmartConnect
Exchanges: CME, CBOT, OneChicago, NQLX, major international.
Quotes: RTS; unlimited, free to all customers; various services; includes SSFs.
Charts: Own charting program.
Services: Daily comments; courses.
Lind-Waldock
(a division of Refco LLC)
Chirago
Phone: 800-445-2000
E-mail: sales@lind-waldock.com
Web site: www.lind-waldock.com
Clearing firm: Refco
Trading platforms: LindConnect (web), Lind Xpress (downloadable), Lind Anywhere (wireless)
Exchanges: All U.S., major international
Quotes: EOD, RTS, RTD, snapshot; RTD free to all customers, snapshot free but limited to 500 per month; includes SSFs; FutureSource.
Charts: All charts; historical back to 1968; 27 indicators; FutureSource.
Services: Monthly e-mail, online newsletter; daily comments; recommendations; courses free; Oster/Dow Jones news service free for 60-minute delay or $35 a month for real-time.
Man Financial
Chicago
Phone: 312-663-7500
E-mail: info@manfutures.com
Web site: www.manfutures.com
Clearing firm: Man Financial
Trading platforms: M-Trade, patsystems J-Trader, Trading Technologies X_Trader
Exchanges: All U.S., major international.
Quotes: RTS streaming; free unlimited for Chirago exchanges, free up to 200 quotes a day for New York exchanges, 1 cent per quote above 200; includes SSFs; Barchart, FutureSource.
Charts: All charts; 42 indicators, customizable; Barchart, FutureSource.
Services: Weekly e-mail, online newsletter; daily comments; recommendations; courses; news links to more than 40 sources -- all free to customers.
MBF Clearing Corp.
New York
Phone: 212-845-5000
E-mail: andrew.mitrakas@mbfcc.com
Web site: www.mbfcc.com
Clearing firms: MBF in NY; R.J. O'Brien, ABN, Credit Lyonnaise elsewhere.
Trading platforms: Trading Technologies X_Trader, Market Center Direct.
Exchanges: CME, CBOT, NY.
Quotes: RTD; free for more than 500 contracts a month; FutureSource.
Charts: AU charts, historical back to 1970, FutureSource.
Services: Newsletter, daily comments, free courses.
Merrill Lynch Pierce Fenner & Smith
New York
Phone: 212-449-0109
E-mail: sbyrne@exchange.ml.com
Web site: www.mlx.ml.com
Clearing firm: Merrill Lynch
Trading platform: Trading Technologies X_trader, EOS (Asia)
Exchanges: CME, CBOT, Eurex, LIFFE, NQLX, OneChicago.
Quotes: RTS, includes SSFs.
Charts: No.
Services: Daily comments.
Merchant Capital
Cranston, R.I.
Phone: 800-809-8861
E-mail: broker@merchantcapitalinc.com
Web site: www.merchantcapitalinc.com
Clearing firm: Refco
Trading platform: Vision Express, patsystems J-Trader, Trading Technologies X_Trader
Exchanges: All U.S., major international
Quotes: RTS, RTD, snapshot; unlimited, free to all customers.
Charts: Firm's own program; programmable; indicators.
Services: Newsletter; daily comments; courses; news services.
National Futures
Chicago
Phone: 800-539-4341
E-mail: info@nationalfutures.com
Web site: www.nationalffitures.com
Clearing firms: Rosenthal Collins, Refco
Trading platforms: patsystems J-Trader, Trading Technologies X_Trader, Rand System and Fast Fills
Exchanges: All U.S., Eurex, LIFFE
Quotes: RTD, snapshot; free to active traders; includes SSFs; FutureSource, TradeSignals.
Charts: All charts; historical since 1972; 20 indicators; FutureSource, BigCharts, TradeSignals.
Services: Bottom Line Weekly Financial and Futures newsletter, e-mail and online; pivot points; daily comments; recommendations; courses, Oster/Dow Jones news service.
O'Connor & Co. LLC
Chicago
Phone: 312-604-8093
E-mail: jdaly@eoconnor.com
Web site: www.eoconnor.com
Clearing firm: O'Connor & Co.
Trading platforms: Shamrock, patsystems' J-Trader, Trading Technologies X_trader, Futures Dynamics
Exchanges: CME, OBOT, OneChicago, NQLX
PFG Inc.
Chicago
Phone: 1-800-333-6573
Email: info@pfmail.com
Web site: www.pfgbest.com
Clearing firms: Cargill Investor Services, R.J. O'Brien
Trading platform: BEST Direct Online Trading
Exchanges: CME, CEOT, NY, Eurex, OneChicago, NQLX
Quotes: EOD, RTS, RTD, snapshot; free to customers in electronic markets; includes SSFs.
Charts: All charts; 25 indicators plus custom indicators; FutureSource, eSignal.
Services: Weekly e-mail newsletter, free courses.
Pioneer Futures
New York
Phone: 212-763-1440
E-mail: smeyers@pioneerfutures.com
Web site: www.pioneerfutures.com
Clearing firm: Pioneer Futures
Trading platform: Trading Technologies X_Trader
Exchanges: CME, CBOT
Services: Daily comments; recommendations.
PreferredTrade Inc.
San Francisco, Calif.
Phone: 888-889-9178
E-mail: preferredtrade@preferredtrade.com
Web site: www.preferredtrade.com
Clearing firm: ABN AMRO
Trading platform: Preferred Trader
Exchanges: CME, CBOT (electronic markets only)
Quotes: RTS, RTD, snapshot; free for three or more trades a month, otherwise $10; includes SSFs; S&P Comstock.
Charts: No.
Rand Financial Services Inc.
Chicago
Phone: 312-559-8828
E-mail: vlambert@randfinancial.com
Web site: www.randfinancial.com
Clearing firm: Rand Financial Services
Trading platform: RandConnect
Exchanges: CME, CBOT, OneChicago, Eurex, LIFFE
Quotes: RTS; unlimited, free to all customers; includes SSFs.
Charts: No.
Services: Quarterly newsletter via e-mail, online, print; daily comments.
RB&H Financial Services LP
Chicago
Phone: 1-800-767-8317
Email: info@webvestor.com
Web site: www.webvestor.com
Clearing firm: RB&H Financial Services
Trading platforms: WebVestor, patsystems' J-Trader, Trading Technologies X_Trader
Exchanges: CME, CBOT, NY, Eurex, OneChicago
Quotes: EOD, RTS, RTD, snapshot; unlimited free to those trading more than 200 contracts per month, $75 for less than 200; includes SSFs.
Charts: All charts but not custom indicators; FutureSource.
Services: All newsletters; daily comments; recommendations; courses; free in-house news service.
Robbins Trading Co.
Chicago
Phone: 800-453-4444
E-mail: info@robbinstrading.com
Web site: www.robbintrading.com
Clearing firm: Rosenthal Collins Group
Trading platform: Robbins Online
Exchanges: CME
Quotes: EOD, RTD, snapshot; unlimited free to all customers; includes SSFs; TradeSignals.
Charts: EOD, intraday; indicators included; TradeSignals.
Services: Recommendations.
Smart Futures
Chicago, Ill.
Phone: 877-787-6278
E-mail: jriley@smartfutures.net
Web site: www.smartfutures.net
Clearing firm: Man Financial
Trading platform: OTEX
Exchanges: CME, CBOT
Quotes: EOD, snapshot from eSignal, Barcharts; includes SSFs. Free to those trading more than 200 contracts per month, $100 to others.
Charts: eSignal, Barcharts. All charts, most indicators.
Services: All newsletters, recommendations, courses.
Terra Nova Trading LLC
Chicago
Phone: 866-866-6546
E-mail: support@terranovatrading.com
Web site: www.terranovatrading.com
Clearing Firm: Pax Clearing Corp.
Trading Platform: RealTick by Townsend Analytics (stand-alone), Terra Nova Investor (browser-based)
Exchanges: CME, CBOT, OneChicago Quotes: EOD, RTS, RTD; no extra charge for RTS on Terra Nova platform; base rate for RealTick analytical package $260 per month, $130 by trading 150-299 contracts per month, free by trading more than 300 contracts per month.
Charts: All charts, historical data back to 1999; 32 indicators and customizable ndicators.
Services: Weekly, monthly e-mail, online newsletters; daily analysis; courses through educational partner, MarketWise Trading School for $1,500 (reimbursed to trading customers); news services include Dow Jones Newswire, $95, Real Time Traders, $15, Fly on the Wall, free, Comtex, $25. Daily Web seminars on RealTick software; chat discussions on trading topics; Tradedge software add-on to RealTick to evaluate trading strategies.
TradeStation Securities Inc.
Plantation, Fla.
Phone: 800-808-9336
E-mail: sales@tradestation.com
Web site: www.tradestation.com
Clearing firm: Refco
Trading platforms: TradeStation 7, TradeStation Futures
Exchanges: All U.S., major international
Quotes: EOD, RTS, RTD, snapshot; free for those trading 300 or more futures or 600 or more security futures in previous month, $99 for those trading less; includes SSFs.
Charts: All charts, up to 30 years of historical data, up to 10 years of intraday equity data and 20 years of intraday futures data (minute and above); firm's own program, TradeStation 7, has more than 70 indicators, EasyLanguage programming technology and extensive backtesting capabilities.
Services: Streaming news from 45 sources part of basic service, Dow Jones News Service for $99.95; TradeStation World Community web site to share trading ideas, strategies and EasyLanguage programs; alert chat connection; free courses.
Vision LP
New York
Phone/E-mail: Steve Giangrasso 866594-2274, smg@rradewithvision.com; Matthew Zimberg 866-893-8540, mzim@tradewithvision.com
Web site: www.tradewithvision.com
Clearing firms: Refco, Cargill, R.J. O'Brien
Trading platforms: Vision Express, par systems J-Trader, Market Center Direct
Exchanges: All U.S., major international Quotes: EOD, RTS, RTD, snapshot; free to customers; includes SSFs; Finwin and FutureSource.
Charts: All charts; firm's own charting program includes standard indicators and customizable indicators.
Services: All newsletters; daily comments; recommendations; free courses; news services.
XPRESSTRADE LLC
Chicago
Phone: 800-947-6228, 312-715-6228
E-mail: infor@xpressrrade.com
Web site: www.xpresstrade.com
Clearing firm: ADM Investor Services
Trading platform: XPRESSTRADE
Exchanges: All U.S.; eight foreign.
Quotes: RTS, snapshot futures, RTS forex free to all customers.
Charts: Interactive Charts, proprietary Java-based application for futures, free to customers; 20 technical studies, drawing tools, alerts, shortcut to trade screen.
Services: FWN, Hightower, Vardon Report, Tucker Emmett's Daily Commentary, IFR Forex Watch -- all free to all customers. First and only Internet broker to rake primary order and up to two contingent orders simultaneously that are activated after the primary order has been executed (at exact price or at specified distance from entry price).
Zaner Group LLC/NetFutures
Chicago
Phone: 800-621-1414
E-mail: info@netfutures.com
Web site: www.zaner.com, www.netfutures.com
Clearing firms: Refco, Iowa Grain, GNI/Man Financial
Trading platforms: patsystems J-Trader, Trading Technologies X_Trader, Oak I & II, Leo 4, all Refco and all Man Financial products
Exchanges: CME, CBOT, Eurex, LIFFE, OneChicago, NQLX
Quotes: EOD, RTS, RTD, snapshot; includes SSFs; all free to customers.
Charts: All charts; 28 indicators plus customizable indicators; FutureSource and eSignal.
Services: Newsletter; daily analysis; recommendations; courses; news service.
ZAP Futures LLC
Chicago
Phone: 800-441-1616
E-mail: info@zapfutures.com
Web site: www.zapfutures.com
Clearing firms: Refco, R.J. O'Brien
Trading platform: ZAP 3D
Exchanges: All U.S., major international
Quotes: RTS, RTD; free to those making more than 30 trades a month, $100 for those trading less.
Charts: All charts, firm's own program. Services: All newsletters; daily comments; recommendations; courses; Commodity News Service for $20 a month.
Markets
traded online
Firm Electronic Open-outcry Options SSFs
Alaron Y Y Y Y
ANCO Y Y Y Y
Carlin Futures Y Y Y Y
ChicagoEFutures Y N
efutures.com Y Y Y Y
Fox Investments Y Y Y Y
Interactive Brokers Y NY Y Y
Ira Epstein Y Y Y Y
Lehman Brothers Y Y
Lind-Waldock Y Y Y Y
Man Financial Y Y Y Y
MBF Clearing Corp. Y Y N N
Merchant Capital Y Y Y Y
Merrill Lynch Y Y Y Y
National Futures Y Y Y Y
O'Connor & Co. Y N N Y
PFG Inc. Y Y Y Y
Pioneer Futures Y N
PreterredTrade Y N N
Rand Financial Y Y Y
RNB&H Y Y N Y
Robbins Trading Y Y Y Y
Smart Futures Y Y Y
Terra Nova Y Y Y Y
TradeStation Y Y Y Y
Vision LP Y Y Y Y
XPRESSTRADE Y Y Y Y
Zaner Group Y Y Y Y
ZAP Futures Y Y Y Y
Markets Order-entr
y
traded online
program
Firm NBIs ETFs Currencies Browser
Alaron Y Y Y Y
ANCO Y Y
Carlin Futures Y Y Y Y
ChicagoEFutures Y
efutures.com Y Y
Fox Investments Y
Interactive Brokers Y Y Y
Ira Epstein Y Y Y
Lehman Brothers Y Y
Lind-Waldock Y Y
Man Financial Y
MBF Clearing Corp. Y N N N
Merchant Capital Y N Y N
Merrill Lynch Y Y Y N
National Futures Y Y Y
O'Connor & Co. N N N Y
PFG Inc. Y N Y N
Pioneer Futures
PreterredTrade
Rand Financial Y Y
RNB&H Y N N Y
Robbins Trading Y
Smart Futures
Terra Nova Y N Y Y
TradeStation Y Y Y Y
Vision LP Y Y Y Y
XPRESSTRADE Y Y Y
Zaner Group Y soon Y Y
ZAP Futures Y Y Y
Order-entry Orders
accepted
program
Firm Stand-alone PC-Windows Mac Market
Alaron Y Y Y Y
ANCO Y Y Y
Carlin Futures Y Y
ChicagoEFutures Y
efutures.com Y Y Y
Fox Investments Y
Interactive Brokers Y Y Y Y
Ira Epstein Y Y
Lehman Brothers Y
Lind-Waldock Y Y Y
Man Financial Y
MBF Clearing Corp. Y N N Y
Merchant Capital Y Y Y Y
Merrill Lynch N Y N Y
National Futures Y Y Y
O'Connor & Co. N N N Y
PFG Inc. Y N N Y
Pioneer Futures Y Y Y
PreterredTrade Y Y Y
Rand Financial Y Y
RNB&H Y Y Y Y
Robbins Trading Y Y
Smart Futures Y Y Y
Terra Nova N N Y Y
TradeStation Y Y Y
Vision LP Y Y N Y
XPRESSTRADE Y Y
Zaner Group Y Y Y Y
ZAP Futures Y Y
Orders accepted
Firm Limit Stop Stop w/limit MOC
Alaron Y Y Y
ANCO Y Y Y Y
Carlin Futures Y Y Y
ChicagoEFutures Y Y Y
efutures.com Y Y Y
Fox Investments Y Y Y
Interactive Brokers Y Y Y Y
Ira Epstein Y Y Y
Lehman Brothers Y Y Y Y
Lind-Waldock Y Y Y Y
Man Financial Y Y Y
MBF Clearing Corp. Y Y Y N
Merchant Capital Y Y Y Y
Merrill Lynch Y Y Y Y
National Futures Y Y Y
O'Connor & Co. Y N Y N
PFG Inc. Y Y Y Y
Pioneer Futures Y Y Y Y
PreterredTrade Y Y
Rand Financial Y Y Y Y
RNB&H Y Y Y N
Robbins Trading Y Y Y Y
Smart Futures Y Y Y Y
Terra Nova Y N Y N
TradeStation Y Y Y Y
Vision LP Y Y Y Y
XPRESSTRADE Y Y Y Y
Zaner Group Y Y Y Y
ZAP Futures Y Y Y Y
Orders Commission rates
accepted
(Dollars per contract)
E-mini S&P
Firm OCO 1-50 51-500 500 plus
Alaron ND ND ND
ANCO 10 7 5
Carlin Futures Y ND ND ND
ChicagoEFutures 9.90 5.50-8 2.70-5
efutures.com 7.66 5.66 3
Fox Investments ND ND ND
Interactive Brokers Y 4.80 4.80 4.80
Ira Epstein Y 8 8 8
Lehman Brothers ND ND ND
Lind-Waldock 19 ND ND
Man Financial ND ND ND
MBF Clearing Corp. N 10 8 6
Merchant Capital Y 14 11 9
Merrill Lynch N
National Futures 8 4.95 4
O'Connor & Co. N
PFG Inc. N
Pioneer Futures Y 7 6 <5
PreterredTrade 10 8 6
Rand Financial ND ND ND
RNB&H Y 12-20 5-12 4-5
Robbins Trading 20 20 20
Smart Futures 8.25 7.25 6.25
Terra Nova soon 10/RT 10/RT 6-10/RT
TradeStation 5.76 5.76 5.76
Vision LP Y 14/RT 12/RT 10/RT
XPRESSTRADE Y 11 9 8
Zaner Group Y 1.98-9.98 1.98-9.98 1.98-9.98
ZAP Futures 17 10 5
Commission rates
(Dollars per contract)
T-bonds/notes Soybeans
Firm 1-100 100 plus 1-100 100 plus
Alaron ND ND ND ND
ANCO 10 8 10 8
Carlin Futures ND ND ND ND
ChicagoEFutures 9.90 2.70-8 NA NA
efutures.com 11.34 8.34 11.34 8.34
Fox Investments ND ND ND ND
Interactive Brokers 4.80 4.80 NA NA
Ira Epstein 9.98 9.98 9.98 9.98
Lehman Brothers ND ND NA NA
Lind-Waldock 25 ND 25 ND
Man Financial ND ND ND ND
MBF Clearing Corp. 15 10 15 10
Merchant Capital 11-14 9-11 11-14 9-11
Merrill Lynch
National Futures 8 8 8 8
O'Connor & Co.
PFG Inc.
Pioneer Futures NA NA NA NA
PreterredTrade NA NA
Rand Financial ND ND ND ND
RNB&H 18-25 14-18 20-27 16-20
Robbins Trading 20 20 20 20
Smart Futures 10 8 16 12
Terra Nova 10/RT 10/RT NA NA
TradeStation 13.98 13.98 13.98 13.98
Vision LP 15/RT 13/RT 15/RT 13/RT
XPRESSTRADE 11 8 11 8
Zaner Group 1.98-17.98 1.98-17.98
ZAP Futures 17 10 17 10
Commission rates
(Dollars per contract)
Sugar Options Services
Firm 1-100 100 plus Quotes Charts
Alaron ND ND ND Y Y
ANCO 10 8 7.50 Y Y
Carlin Futures ND ND ND Y Y
ChicagoEFutures NA NA NA Y N
efutures.com 11.34 8.34 8.17 Y Y
Fox Investments ND ND ND Y Y
Interactive Brokers NA NA 1 Y Y
Ira Epstein 9.98 9.98 4.99 Y Y
Lehman Brothers NA NA ND Y Y
Lind-Waldock 26 ND 17.50 Y Y
Man Financial ND ND ND Y Y
MBF Clearing Corp. 15 8 NA Y Y
Merchant Capital 11-14 9-11 28 Y Y
Merrill Lynch Y N
National Futures 8 8 4 Y Y
O'Connor & Co. N N
PFG Inc. Y Y
Pioneer Futures NA NA NA N N
PreterredTrade NA NA NA Y N
Rand Financial ND ND ND Y N
RNB&H 20-27 16-20 10-20 Y Y
Robbins Trading 20 20 20 Y Y
Smart Futures 18 16 20 Y Y
Terra Nova NA NA varies Y Y
TradeStation 13.98 13.98 varies Y Y
Vision LP 18/RT 16/RT 17.50 Y Y
XPRESSTRADE 11 8 8-11 Y Y
Zaner Group 1.98-17.98 0.99-9.99 Y Y
ZAP Futures 17 10 2.50-8.50 Y Y
Services
Firm ENewsletters
Alaron Y
ANCO Y
Carlin Futures
ChicagoEFutures N
efutures.com Y
Fox Investments Y
Interactive Brokers Y
Ira Epstein Y
Lehman Brothers Y
Lind-Waldock Y
Man Financial Y
MBF Clearing Corp. Y
Merchant Capital Y
Merrill Lynch N
National Futures Y
O'Connor & Co. N
PFG Inc. Y
Pioneer Futures N
PreterredTrade
Rand Financial Y
RNB&H Y
Robbins Trading
Smart Futures Y
Terra Nova Y
TradeStation
Vision LP Y
XPRESSTRADE Y
Zaner Group Y
ZAP Futures Y
Key
This survey was limited to firms that (1) primarily trade futures, (2) offer online trading, (3) focus on the individual trader retail audience. Therefore not all brokerage firms may be included. See a firm's descriptive sting for more details or for contact information.
Y - Yes, the firm offers this
N - No, the firm definitely does not offer this
NA - Does not apply as firm does not offer this
ND - Firm offers this but would not disclose fees or answered "call" or "negotiable"
Blank - No answer by firm, which probably means not offered (except for prices)
MARKETS TRADED ONLINE
Electronic - Direct access to exchange
Open-outcry - Pit-traded markets
Options - Options on futures
SSFs - Single stock futures
NBIs - Narrow-based index futures
ETFs - Exchange-traded funds (such as QQQ)
Currencies - Cash market
ORDER-ENTRY PROGRAM
Browser - Browser-based Internet program
Stand-alone - Special software provided by firm that must be installed on your computer
ORDERS ACCEPTED
Only some major order types are listed; others are available in various markets at various firms.
MOC - Market on close
OCO - Order cancels order (or one cancels other)
COMMISSION RATES
Only a few selected samples of round-turn (RT) rates per contract for on me futures trading are shown, based on number of contracts traded per month. Firms have a variety of fee schedules, depending on market, session traded, amount of activity, services required, etc. The commission rate for options also may depend on strike, price, time remaining, premium cost or other factors. Most of the rates listed for options are per side; however, some firms charge only a round-turn rate whether the second side is used or not, Some rates listed include all fees; others do not. Some brokers would not reveal rates (ND). You should contact the broker to get rates for your specific situation.
SERVICES
Many services are free to customers but there may be a charge in some cases often depending on the level of trading activity Real-time streaming price quotes (RTS) generally require the payment of exchange fees for each exchange, but the firm often does not charge customers extra for this service. See the broker's descriptive listing or contact the broker for more details on services.