Cannon Trading Account Type

Cannon Trading offers two primary account types designed to cater to different trading needs:

• Self-Directed Account
• Minimum Deposit: $10,000
• Suitable For: Experienced traders who prefer to manage their own trades.
• Features: Access to a variety of trading platforms and low commission rates starting from $0.18 per side.
• Broker-Assisted Account
• Minimum Deposit: Not specified, but generally tailored for those needing more support.
• Suitable For: Beginners or traders who require personal broker assistance.
• Features: Personalized broker support, guidance on trading strategies, and custom fees based on trading needs.

Both account types provide access to over 50 forex pairs and a broad range of futures markets, ensuring traders have the necessary tools for effective trading.

Cannon Trading Broker Account Opening Process

Opening an account with Cannon Trading involves a straightforward three-step process:

• Fill Out the Initial Form: Complete a short form to determine the type of futures platform/account that suits your trading style. This step is crucial as not all traders fit one type of trading platform.

• Complete the Online Application: After submitting the initial form, you will receive a secure link to complete the online application.

• Wait for Approval: The approval process takes approximately 1 business day. Once approved, you will receive wiring instructions to fund your account and start trading live.

After your account is opened, a professional broker will contact you within 1 business day to assist in fulfilling your trading needs, including selecting the best platform, understanding commission structures, and determining margin requirements.

For more information, you can visit Cannon Trading's official site.