Cannon Trading Forex Broker

Cannon Trading Broker - Complete Information Guide

1. Overview of the Broker

　　Cannon Trading Company, Inc., founded in 1988, is a well-established futures brokerage firm headquartered in Los Angeles, California, USA. As a private entity, Cannon Trading has built a strong reputation over the years for its commitment to professionalism and integrity in the trading industry. The firm primarily serves retail and institutional clients, offering a range of services tailored to meet the diverse needs of traders.

　　With over 30 years of experience, Cannon Trading has achieved several significant milestones, including becoming a member of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). These affiliations underscore the firms dedication to regulatory compliance and client protection. Cannon Trading focuses on futures and options markets, providing clients with access to a variety of trading platforms, educational resources, and personalized broker support.

　　The firm's business model encompasses both discount brokerage and full-service brokerage offerings, catering to both novice and experienced traders. This dual approach allows Cannon Trading to build long-term relationships with clients by providing quality service and support tailored to individual trading styles.

2. Regulatory and Compliance Information

　　Cannon Trading operates under the stringent oversight of several regulatory bodies, ensuring a secure trading environment for its clients. The primary regulators include:

• National Futures Association (NFA)
• Commodity Futures Trading Commission (CFTC)

　　Cannon Trading holds the NFA registration number 0216708. The firms regulatory licenses are valid and cover a wide range of futures and options trading activities. As a registered futures commission merchant, Cannon Trading complies with the strict rules and regulations enforced by these organizations, which include safeguarding client funds and maintaining ethical business practices.

　　Client funds are held in segregated accounts, ensuring that they are protected from the firms operational funds. Cannon Trading also participates in investor compensation schemes, further enhancing client security. The firm adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are essential for maintaining the integrity of financial markets and preventing fraudulent activities.

3. Trading Products and Services

　　Cannon Trading offers a diverse range of trading products, primarily focusing on futures and options. The broker provides access to a wide array of currency pairs, including major and minor forex pairs. Additionally, Cannon Trading offers Contracts for Difference (CFDs) across various categories:

• Indices: Major equity indices such as S&P 500, NASDAQ 100, Dow Jones, and Russell 2000.
• Commodities: Including energy products (crude oil, natural gas), metals (gold, silver, copper), and agricultural products (corn, soybeans, wheat).
• Special Products: Cannon Trading is known for its unique offerings, including automated trading systems through the iSystems platform.

　　The firm regularly updates its product offerings, ensuring that clients have access to the latest trading instruments and market trends. With a focus on retail trading services, Cannon Trading also caters to institutional clients, providing tailored solutions that meet their specific trading requirements.

4. Trading Platforms and Technology

　　Cannon Trading supports a variety of trading platforms to accommodate the diverse needs of its clients. Notably, the firm does not support MetaTrader 4 or 5 but offers several proprietary and third-party platforms, including:

• NinjaTrader: A popular platform known for its advanced charting capabilities and algorithmic trading support.
• OEC Trader: A comprehensive trading platform designed for both beginners and professional traders, featuring advanced charting and analysis tools.
• Cannon Pro Online Trading Platform: A user-friendly platform ideal for day traders and position traders working primarily with futures and options.
• iSystems Automated Trading System: This platform allows clients to explore automated trading strategies and monitor their performance in real-time.

　　Cannon Trading also provides web-based trading solutions and mobile applications for both iOS and Android devices, ensuring that traders can access their accounts and execute trades on the go. The firm utilizes an ECN (Electronic Communications Network) execution model, which enhances order execution speed and reliability. Additionally, Cannon Trading offers API access for automated trading, appealing to algorithmic traders and system developers.

5. Account Types and Trading Conditions

　　Cannon Trading offers several account types to meet the varied needs of its clients, including:

• Self-Directed Online Trading Accounts: Designed for traders who prefer to make their own trading decisions. The minimum deposit for day trading futures is $2,500, with competitive commission rates.
• Broker-Assisted Trading Accounts: Ideal for those seeking guidance, these accounts provide access to experienced brokers who can assist with trade execution.
• Managed Futures Accounts: For clients who prefer professional management of their trading activities, Cannon Trading offers managed accounts where professional money managers make trading decisions on behalf of clients.

　　The firm provides competitive commission structures, with rates starting from $0.44 per side for high-volume traders. The leverage offered varies depending on the product, and clients are encouraged to consult with a Cannon Trading representative for specific details. The minimum trade size and overnight fees are clearly outlined for each account type, ensuring transparency in trading conditions.

6. Funding Management

　　Cannon Trading provides several secure funding methods for clients, primarily accepting wire transfers. The minimum deposit requirement varies by account type, with the standard minimum set at $750 for some accounts.

　　Deposits are processed efficiently, with wire transfers typically completed within one business day. Cannon Trading does not impose additional fees for deposits, making it a cost-effective option for clients.

　　Withdrawal methods are straightforward, with wire transfers being the primary option. Withdrawal processing times can vary, but Cannon Trading aims to process requests promptly. The firm also maintains a transparent fee structure for withdrawals, ensuring that clients are aware of any potential costs associated with their transactions.

7. Customer Support and Educational Resources

　　Cannon Trading places a strong emphasis on customer support, offering multiple channels for clients to reach out. These include:

• Phone Support: Available during business hours, ensuring quick access to assistance.
• Email Support: Clients can send inquiries via email for more detailed responses.
• Online Chat: Instant messaging options for immediate support.
• Social Media: Active presence on platforms like Twitter and Facebook for updates and engagement.

　　The firm operates in multiple time zones, providing support tailored to clients needs. Cannon Trading offers resources in English, ensuring effective communication with its diverse clientele.

　　In terms of educational resources, Cannon Trading provides a wealth of materials, including webinars, tutorials, and market analysis reports. These resources are designed to empower traders, helping them to enhance their skills and make informed decisions. The firm also offers daily support and resistance levels, aiding traders in their market analysis.

8. Regional Coverage and Restrictions

　　Cannon Trading primarily serves clients in the United States, but it also has a presence in international markets. The firms regional offices are strategically located to cater to clients across different time zones, enhancing accessibility and support.

　　However, there are certain countries from which Cannon Trading does not accept clients, including regions with strict regulatory restrictions on trading activities. Specific details regarding these restrictions can be obtained by consulting the firm directly.

　　Cannon Trading is committed to providing a reliable and secure trading environment for its clients, ensuring compliance with all relevant regulations and maintaining high standards of service.

　　In conclusion, Cannon Trading stands out as a reputable broker in the futures trading landscape, offering a comprehensive suite of services, a commitment to client education, and a strong regulatory framework. With over 30 years of experience, Cannon Trading continues to be a trusted partner for traders seeking to navigate the complexities of the futures and commodities markets.