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Suspicious Clone
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Cannon Trading
United States|5-10 years| Suspicious Overrun|High potential risk|
https://www.cannontrading.com/
Website
Rating Index
Influence
Influence
B
Influence index NO.1
United States 4.65Surpassed 15.40% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index
Contact
+1 800-454-9572
info@cannontrading.com
https://www.cannontrading.com/
12100 Wilshire Blvd Suite 1640 Los Angeles, CA 90025
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
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1G
40G
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Contact number
English
+1 800-454-9572
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Broker Information
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Company Name
Cannon Trading Company, Inc.
Abbreviation
Cannon Trading
Platform registered country and region
United States
Company website
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-23
- 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!
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WikiFX Data provideUpdated: 2024-11-23
Cannon Trading · Company Summary
| 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 |
Deposit and Withdrawal
Cannon Trading does not mention the deposit amount and payment methods.
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