Go Futures Company

　　

Go Futures Company: A Comprehensive Overview

　　

1. Company Overview

　　

Founding Date and Background

　　Go Futures Company was founded in 2001 and has established itself as a notable player in the futures trading market. Initially, it operated under the name Farr Financial, Inc. Over the years, the company has evolved to cater to the diverse needs of traders, focusing on various financial instruments including futures, options, and commodities.

　　

Parent Company/Ownership Structure

　　Go Futures is now a part of Ironbeam, Inc., which has taken over its operations. This transition has streamlined the services offered to clients, maintaining the same personnel and contact information. Ironbeam is an unregulated brokerage that operates in the United States, specializing in futures and commodities trading.

　　

Headquarters Location

　　The company is headquartered in Chicago, Illinois, United States. This central location allows it to be in proximity to major financial markets and regulatory bodies.

　　

Global Business Scope

　　While Go Futures primarily serves the United States market, it has a global reach with clients interested in futures trading across various sectors, including agriculture, energy, and metals. The company offers a range of trading platforms, making it accessible to international traders.

　　

Main Regulatory Bodies

　　Go Futures operates under the oversight of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). However, it is essential to note that the regulatory status of Go Futures has been questioned, with reports indicating that its NFA license may be a clone, raising concerns about its legitimacy.

　　

2. Company History and Development

　　

Key Milestones

• 2001: Go Futures was established, initially focusing on futures and options trading.
• 2017: The company underwent incorporation, reflecting its growth and restructuring efforts.
• 2020: Go Futures transitioned its operations to Ironbeam, enhancing its service offerings and client experience.

　　

Business Expansion Journey

　　Over the years, Go Futures has expanded its service offerings to include a variety of financial instruments beyond futures, such as options and OTC swaps. This expansion has allowed Go Futures to cater to a broader range of traders, from commercial hedgers to proprietary traders.

　　

Customer Base Growth

　　The customer base of Go Futures has grown steadily, thanks to its focus on customer service and the provision of competitive trading conditions. The company has attracted both institutional users and individual traders, leading to a diverse clientele.

　　

Platform Development History

　　Go Futures has invested in developing its trading platforms, offering clients access to various tools and technologies for effective trading. The integration with Ironbeam has further enhanced platform capabilities, allowing for a more robust trading experience.

　　

Important Awards or Recognitions Received

　　While specific awards or recognitions for Go Futures are not extensively documented, its longstanding presence in the industry and positive customer feedback highlight its reputation as a reliable trading platform.

　　

3. Trading Services Offered

　　

Forex Trading Options

　　Go Futures offers a variety of forex trading options, providing access to numerous currency pairs. This includes major pairs like EUR/USD, GBP/USD, and USD/JPY, catering to traders interested in forex markets.

　　

Stock Trading Options

　　While primarily focused on futures, Go Futures also provides options for stock trading, allowing clients to diversify their portfolios. However, specific details about the range of stocks available are less emphasized compared to futures products.

　　

CFD Trading Products

　　Go Futures does not prominently feature Contracts for Difference (CFDs) in its offerings. The primary focus remains on futures and options trading, which may limit the appeal to traders seeking CFD products.

　　

Other Financial Instruments

　　In addition to forex and stock trading, Go Futures offers access to a range of commodities, including agricultural products like corn and soybeans, as well as energy products such as crude oil and natural gas. The company has also expanded its offerings to include managed futures and OTC swaps.

　　

Special Services or Unique Advantages

　　Go Futures prides itself on competitive spreads and low commission rates, which are attractive to traders. Additionally, the company provides 24/7 customer support, ensuring that traders can receive assistance whenever needed. The integration with various trading platforms, including TradingView and Sierra Chart, enhances the trading experience.

　　

4. Regulatory and Legal Background

　　

Detailed Regulatory Information

　　Go Futures is regulated by the NFA and CFTC. However, its regulatory status has been questioned, with warnings about its NFA license being potentially a clone. This raises concerns about the level of oversight and accountability.

　　

Legal Entity Structure by Region

　　Go Futures operates as a corporation in the United States, specifically under the name Farr Financial, Inc. The companys legal structure allows it to engage in futures trading while adhering to regulatory requirements.

　　

Client Fund Protection Measures

　　As an NFA member, Go Futures is required to maintain certain standards for client fund protection. This includes segregating client funds from operational funds, although the effectiveness and enforcement of these measures have been called into question due to the companys regulatory concerns.

　　

Countries/Regions Served

　　Go Futures primarily serves clients in the United States but has the potential to accommodate international traders interested in futures and commodities trading.

　　

Compliance History

　　Go Futures has faced scrutiny regarding its compliance and regulatory status. The concerns about its NFA license being a clone suggest a history of regulatory challenges that could impact its reputation and operations.

　　

5. Competitive Landscape

　　

3-5 Main Competitors

　　Go Futures faces competition from several key players in the futures trading market, including:

• Interactive Brokers: Known for its comprehensive trading platform and extensive range of financial instruments.
• TD Ameritrade: Offers a user-friendly platform with a wide range of trading options and strong customer support.
• E*TRADE: Provides a robust trading platform with extensive educational resources and tools for traders.

　　

Positioning in the Industry

　　Go Futures positions itself as a discount online futures broker, focusing on competitive pricing and customer service. However, its regulatory challenges may hinder its competitive edge compared to more established and regulated brokers.

　　

Market Differentiation Factors

　　Go Futures differentiates itself through its focus on futures trading and commodities, competitive spreads, and a variety of trading platforms. The transition to Ironbeam has also aimed to enhance its service offerings, though concerns about its regulatory status may impact its overall positioning in the market.

　　

Conclusion

　　Go Futures Company has established itself as a notable entity in the futures trading market since its inception in 2001. While it offers a range of trading services, including forex and commodities, its regulatory status and compliance history raise concerns for potential traders. As the company continues to navigate the competitive landscape, it is crucial for traders to conduct thorough research and consider the associated risks before engaging with Go Futures.

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　　For more information about Go Futures, learn more here.