Cannon Trading Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-29 17:14

Abstract：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 Review Summary
Founded	1988
Registered Country/Region	United States
Regulation	NFA
Market Instruments	Forex, Commodities, Indices, Shares
Demo Account	✔
Leverage	Up to 1:50
Spread	From 0.29 per side (Micros)
Min Deposit	$10,000
Customer Support	Phone: 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.

Pros and Cons

Pros	Cons
Low commissions from $0.18 per side	High minimum deposit ($10,000)
Wide variety of trading platforms	Limited leverage (up to 1:50)
Low commissions(from $0.12)

Is Cannon Trading Legit?

Regulatory Status	Suspicious Clone
Regulated By	（NFA)United States
Licensed Institution	CANNON TRADING COMPANY INC
License Type	Common Financial Service License
License Number	0216708

What Can I Trade on Cannon Trading?

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

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Shares	✔
ETFs	❌
Cryptocurrencies	❌
Bonds	❌

Account Types

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

Account Name	Details	Suitable for
Self-Directed Account	Minimum deposit: $10,000	Experienced traders
Broker-Assisted Account	Personal broker assistance, custom fees	Beginners needing broker support

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 Volume	Rates Per Side	Rates 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 Software Fees

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

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

Trading Platform

　　Cannon Trading provides 5 types of trading software.

Trading Platform	Supported	Available Devices	Suitable for
MetaTrader 5 FX Trading	✔	Desktop, Mobile	All traders
E-Futures International	✔	Desktop, Mobile	All traders
MetaTrader 4	✔	Desktop, Mobile	Beginners
CQG Trader	✔	Desktop	Experienced futures traders
FireTip	✔	Mac compatible	Technical traders