Online Futures Trading as low as $0.18 per side** Customized rates based on specific needs. Trade with low commissions while not sacrificing the quality of fast, hands-on discount futures brokerage!*
As discount futures brokers, we can offer high-volume traders commissions amongst the lowest in the industry and compete with almost any firm out there, and we don't sacrifice our quality of service and wide range of platform options and trading solutions. We accommodate corporations, LLCs, foreign introducing brokers, institutional investors, and help with electronic memberships to provide steeper discounts for our clients. You won't find our level of commitment to serve you in many places.
*Who can qualify for $0.18 per side rate ( not including exchange, NFA and platform fees)? If you trade over 10,000 contracts per month and your account balance is over $50,000 you can qualify for this rate, perhaps even lower depending on volume. This rate does NOT apply to users of our free E-Futures Int'l trading platform.
Before contacting the discount futures brokers and opening an account, ask yourself the following: "What am I getting myself into?" Am I about to "get what I paid for?" Does your broker call you before taking you out of a position at the market close, or do they just go ahead and pull the trigger? Will they take the time to walk you through simple/complex brackets, trailing stops, iceberg orders, or GTC's? Will they help you set up your charts and indicators? After all, you deserve GOOD SERVICE!
For regular retail traders, ask yourself what's most important to you at the end of the day, saving 15 cents per side on futures commission, or being able to reach a broker within two or three rings of the telephone? At this brokerage firm, we provide almost every platform in the industry and provide a level of support for beginning and intermediate traders that is hard to find.
We will compete with any discount futures brokerage out there, but our business model of employing fully licensed, attentive, and courteous brokers is more important to us than simply providing a single platform, a "customer support" desk and an email that says "good luck!"
Our commissions for retail traders are very competetive, providing ample opportunities for profit/loss based on the merits of their trades, not based on how high their commissions are. Consider that a tick (smallest incremental move) in the E-Mini S&P 500 is $12.50, or that a tick in Crude Oil is $10. We will always do our best to insure our clients are capable of executing their strategies without having commissions as a hindrance to their ideas. We will be happy to provide you with an exact commission quote based on your style of trading, platform of choice, level of assistance (if any) you require from a broker etc.
*These are retail traders starting off with a minimum account balance and does not include clearing/exchange, NFA, platform or data fees. Rates vary based on platform, initial account size, trading volume, markets being traded, and previous experience
Cannon Trading respects your privacy, all transactions are safe and secure with High-grade Encryption (AES-256, 256-bit keys). We do not sell your information to third parties.
Futures Trading Commissions vary according to several factors:
Some futures contracts are "cheaper" than others. The exchange fees for the different markets are different. For example US bonds have lower exchange fees than grain markets like corn and wheat.
Clients who trade online enjoy lower rates than those who execute trades via a broker. However, online trading is more suitable for day-traders and experienced traders, while broker assist is more suitable for beginners, busy professionals or clients who like Cannon to execute trading systems for them.
Different trading platforms may have additional fees attached to them. Therefore, rates may vary according to the platform of your choice.
While most traders will NOT qualify for the $0.18 per side rate, the Cannon team will be able to provide you with the most price effective fee schedule based on your account size, trading volume, trading needs and choice of platform
The more frequently you trade, the lower commissions you will pay.
Volume does matter when deciding on a futures commission rate. For example, traders who trade 50 contracts at a time will enjoy lower rates than those who trade one contract at a time.
If you are a high volume trader, please call us 800-454-9572 to find out about special programs for foreign introducing brokers, money managers, professional traders, and CTA's, and rates as low as $0.18 a side + exchange fees for CME electronic members.
We recommend sharing your trading needs with us. We would like to hear about your trading experience, style, and behavior. Inform us of your risk capital and your special needs, such as a specific trading platform or markets you want to trade.
While our futures commissions are among the most competitive in the industry, our service is never compromised.
* $0.18 per side does not include exchange fees ( exchange fees range from $0.60 per side to $1.90 per side depending on product and exchange), NFA fees and software fees where applicable. If you trade over 10,000 contracts per month and your account balance is over $50,000 you can qualify for this rate, perhaps even lower depending on volume. This rate does NOT apply to users of our free E-Futures Int'l trading platform.
* Rate is applicable for 100% self directed online traders
* This rate apply for HIGH VOLUME traders
* The trading results on the demo accounts do not include commissions, exchange fees and N.F.A fees that you are going to get charged on your real account. You should also consider that certain fills you would get on a "demo" account might not reflect the same result on a live market action. Demo accounts use hypothetical money and don’t have the emotional impacts of real money. This demo is designed as an introduction to using the platform; it is not intended to mimic trading results in a live trading environment.