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Cannon Trading -

Score

1.54 /10
Danger

Cannon Trading

United States

5-10 years

Suspicious Regulatory License

Suspicious Overrun

High potential risk

https://www.cannontrading.com

Influence

B

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Score

Regulatory Index0.00

Business Index7.24

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Cannon Trading Company, Inc.

Company Abbreviation

Cannon Trading

Platform registered country and region

United States

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0216708) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Data Source WikiFX Data provide
Updated: 2024-12-26
Cannon Trading · Company summary
Cannon Trading Review Summary
Founded1988
Registered Country/RegionUnited States
RegulationNFA
Market InstrumentsForex, Commodities, Indices, Shares
Demo Account✔
LeverageUp to 1:50
SpreadFrom 0.29 per side (Micros)
Min Deposit$10,000
Customer SupportPhone: 1-800-454-9572
Email: info@cannontrading.com
24/7 Online Chat: ✔
Physical Address: 9301 Wilshire Blvd, Beverly Hills, CA 90210

Cannon Trading Information

Cannon Trading has been in business since 1988. It has a many tools for trading futures, offers reasonable prices, and provides excellent customer service. The best things about Cannon trade are its low commissions and wide range of trade platforms. However, it's not operated legally.

Cannon Trading Information

Pros and Cons

ProsCons
Low commissions from $0.18 per sideHigh minimum deposit ($10,000)
Wide variety of trading platformsLimited leverage (up to 1:50)
Low commissions(from $0.12)

Is Cannon Trading Legit?

Regulatory StatusSuspicious Clone
Regulated By（NFA)United States
Licensed InstitutionCANNON TRADING COMPANY INC
License TypeCommon Financial Service License
License Number0216708
Is Cannon Trading Legit?

What Can I Trade on Cannon Trading?

Cannon Trading provides access to over 50 forex pairs and a broad range of futures markets.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Shares✔
ETFs❌
Cryptocurrencies❌
Bonds❌
What Can I Trade on Cannon Trading?

Account Types

Cannon Trading offers two primary account types. And it provides demo accounts.

Account NameDetailsSuitable for
Self-Directed AccountMinimum deposit: $10,000Experienced traders
Broker-Assisted AccountPersonal broker assistance, custom feesBeginners needing broker support
Account Types
Account Types

Cannon Trading Fees

Commissions

Commissions start as low as $0.18 per side for high-volume traders.

Micros commission rates start at $0.12 per side.

Monthly VolumeRates Per SideRates Per Side (Micros)
1-1000$0.74$0.29
1001-2500$0.64$0.25
2501-5000$0.54$0.23
5001-10000$0.44$0.19
10001-25000$0.34$0.17
Above 50000$0.18 and Lower$0.12
Cannon Trading Fees

Cannon Trading Software Fees

Cannon Trading asks for software fees from $0 to $200 per month.

Software/PlatformMonthly FeeExecution Fee (per side)Data Technology
E-Futures Int'l$0 /month$0.25CQG
FireTip$49 /month$0.00CQG
**RTrader**$10 /month$0.10
**RTrader Pro**$25 /month$0.10
AgenaTrader$$0 to$$149 /month$$0.10$$0.25Rithmic/CQG
Sierra Chart$$0 to$$45 /month$$0.00$$0.25Rithmic/CQG
Quick Screen Trading$49 /month$0.25Rithmic/CQG
MultiCharts$79 /month$0.25Rithmic/CQG
Trade Navigator$89 /month$0.25Rithmic/CQG
eSignal$145 /month$0.25Rithmic/CQG
MotiveWave$$24$$99 /month$0.25Rithmic/CQG
CQG Q Trader$70 /month$0.25CQG
CQG Integrated Client$595 /month$0.00CQG
TT® Standard$50 /month$0.30TT
TT® Pro$400 /month$0.30TT
CTS T4 Core$25 /month min$0.50CTS
CTS T4 Advanced$200 /month min$0.50CTS

Trading Platform

Cannon Trading provides 5 types of trading software.

Trading PlatformSupportedAvailable DevicesSuitable for
MetaTrader 5 FX Trading✔Desktop, MobileAll traders
E-Futures International✔Desktop, MobileAll traders
MetaTrader 4✔Desktop, MobileBeginners
CQG Trader✔DesktopExperienced futures traders
FireTip✔Mac compatibleTechnical traders
Trading Platform
Trading Platform
Trading Platform

Deposit and Withdrawal

Cannon Trading does not mention the deposit amount and payment methods.

User Reviews

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User comment

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Comments

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德意忘形◡ູ̈
more than one year
The thing that attracted me to Cannon Trading was that you can get some rich educational resources. Because it is the knowledge that makes us confident in the market, and it is the knowledge that enables us to make competent decisions. Go to the education section of the company and you will be pleasantly surprised by the large selection of interesting material.
The thing that attracted me to Cannon Trading was that you can get some rich educational resources. Because it is the knowledge that makes us confident in the market, and it is the knowledge that enables us to make competent decisions. Go to the education section of the company and you will be pleasantly surprised by the large selection of interesting material.
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2023-02-17 16:35
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八戒63930
more than one year
The company Cannon Trading's website seemed too crowded for me to take a closer look. Also I see that its NFA license may be a clone. Danger!
The company Cannon Trading's website seemed too crowded for me to take a closer look. Also I see that its NFA license may be a clone. Danger!
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2022-12-09 10:31
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