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Cannon Trading Review
Cannon Trading is a family run futures introducing broker in Los Angeles, operating since 1988. It offers many trading platforms but no spot forex or CFD accounts.
Min Deposit
$1
Spreads From
Not applicable, Cannon Trading charges a per contract commission instead of a spread
Max Leverage
Set by exchange margin rules rather than broker leverage, around $50 per micro contract
Platforms
5
Pros
- NFA member and CFTC registered introducing broker since 1988
- Clears trades through established firms like StoneX and Dorman Trading
- More than ten trading platforms, from CannonX to MetaTrader 5
- Live commission discount for new clients who fund at least 1,000 dollars
Cons
- US clients only, no CFD or spot forex accounts
- As an introducing broker, client funds sit with a separate clearing firm
- Commission rates depend on volume, so casual traders pay more per side
- Exchange, clearing, and NFA fees are billed on top of commissions
Cannon Trading Company was founded in 1988 in the Los Angeles area of California. It is one of the older independent futures brokerages still trading under its original name and ownership.
The firm works as an introducing broker. It brings in clients, then clears their futures and options trades through partner clearing firms such as StoneX, Dorman Trading, Ironbeam, and PhillipCapital. Traders can pick from more than ten platforms, including CannonX, Trade Navigator, CQG, MultiCharts, and MetaTrader 5, alongside broker assisted and algorithmic trading services.
Cannon Trading Company Inc. is an NFA member, NFA ID 216708, and is registered with the CFTC. New clients who fund an account with at least 1,000 dollars can get a lower per contract commission rate on CME micro and standard futures. Accounts can open with as little as 1,000 dollars, though day trading or bigger strategies often call for more.
Min. Deposit
USD 1
Max Leverage
Set by exchange margin rules rather than broker leverage, around $50 per micro contract
Spreads From
Not applicable, Cannon Trading charges a per contract commission instead of a spread
Platforms
Regulators
Platforms
- NFA (USA)
- CFTC (USA)
