Daniels Trading is a futures brokerage situated in Chicago, Illinois. They offer a scope of administrations from self-directed online futures trading, where you’re provided with simply the trading platform and are allowed to make your own trades, right to a completely oversaw investment fund drove by a Commodity Trading Advisor (CTA). This audit will investigate the association’s platforms, benefits, extra highlights and expenses.
Daniels Trading Details
Established in 1995, the organization is going up by Andrew Daniels – an accomplished trader in farming commodity markets who have made his name on the grain floor of the Chicago Board of Trade. Close by him are two executives and their group of 17 specialists and eight care staff.
Daniels Trading Ltd is managed by the National Futures Association (NFA) and caters to anybody hoping to put resources into the futures market, paying little heed to encounter.
DT Pro is the association’s local chief futures platform that was made in view of the dynamic trader’s necessities. The software is not difficult to utilize yet. At the same time, it offers the entirety of the usefulness you would hope to discover – and then some.
Highlights incorporate, yet are not restricted to:
- Advanced technical indicators
- Pit and electronic Markets
- Depth of Market (DOM)
- Direct market access
- Customer indicators
- Automated trading
- Advanced Orders
- Option and futures
- Market replay
The site likewise includes various assets to empower you to get going on the platform, including a fast beginning guide, video instructional exercises and software features. Additionally, there are no base or month-to-month charges to utilize Daniels Trading.
For experts, Daniels Trading additionally offers the MultiCharts platform.
MultiCharts is well known for its high standard usefulness, including:
- Dynamic portfolio-level strategy backtesting
- Interactive performance reporting
- 300+ strategies and indicators
- Support for 20+ data feeds
- High-definition charting
- Easy language support
- Genetic optimization
- Market scanner
- Data replay
You can trade the accompanying markets with Daniels Trading:
- Foreign exchange (FX) including huge combines like EUR/USD and GBP/USD
- Equity indices, like FTSE 100, NASDAQ, Dow Jones
- Agricultural commodities, including corn and wheat
- Energies including flammable gas and petroleum
- Metals like gold and platinum
- Interest rates
The firm has specific skills in agricultural commodities.
Spreads and Commission
Daniels Trading is straightforward in that its commissions will, in general, be higher than discount brokers. This is uncovered on the guarantee that the help they offer is an elevated requirement that you can trust. They address esteem as far as quality and not simply cost. Charges change, and you’ll have to make a valuing demand on the broker’s site for additional subtleties.
Daniels Trading is not straightforward about their leverage alternatives, notwithstanding these can be acquired upon enquiry. This is a downside as it’s unmistakable you need to travel through the account opening movements to get the essential subtleties expected to settle on a choice about joining.
Note margins can change with economical situations.
Daniels Trading gives a mobile app utilizing its DT Ace platform. You’ll be joined with them to download the app, yet you can do this through their demo account. For access, go to their site to enroll. You’ll then, at that point, get confirmation by means of email, which will contain the login accreditations required. Download the app from either Google Play or the IStore and utilize the subtleties gave to sign in.
Traders can move interchangeably between the application and the website gateway as the two are integrated. This means that any trades placed on either platform can be viewed right away on the other. A great feature of the application is that you can receive pop-up messages about your trades even on the off chance that they were placed on the web.
The broker accepts several payment choices, including bank transfer and check. The organization does not accept money orders. The minimum stake to invest in Daniels Trading is $2,000.
There are little charges for pulling out reserves:
- Overnight check requests – $15
- Domestic wire transfers – $25
- Foreign wire transfers – $30
- Check requests – Free
Demo accounts are available for the DT Ace platform, and you can test out their application usefulness utilizing the free trial account for 14 days. For MultiCharts, you can likewise access a demo account which is free for their 30-day trial period.
Beyond this, account holders will have unlimited free access to both live and demo accounts on the DT Professional platform as long as they keep up with the $2,000 least account requirement.
Deals and Promos
Daniels Trading promotes itself as a broker that offers the nature of service. Therefore deals, bonuses and advancements aren’t inside the brand’s ethos. Welcome incentives and promos likewise conflict with regulatory restrictions.
Daniels Trading is managed by the National Futures Association (NFA). Hence, therefore subscribes to the code of practice outlined by the Commodities and Futures Trading Commission (CFTC).
This bears the cost of the broker a level of trust not held by those that are unregulated. However, NFA membership isn’t conducive to endorsement, and traders should therefore still lead their own personal investigations utilizing the NFA’s BASIC search usefulness.
Daniels Trading provides a wealth of resources that are available free of charge, including a regularly updated blog with tips and market strategy to help you maximize benefit. In case you’re fresh to the game, the broker even provides a handy Futures 101 pdf guide.
Other resources include:
- Order Entry Handbook
- Quotes and charts
- Futures calculator
- Futures calendar
In the event that you join their mailing list, you’ll likewise access:
- E-books and educational guides
- Sample advisories
- Webinar invites
Daniels Trading presents a few different accounts with the ground of service level required and experience of the trader.
Self-Directed Online Futures Trading
This alternative is available for traders who are confident in their own knowledge base and are glad to go it alone. You’ll, in any case, have access to all their online resources to give you tips and strategies and will have full control of every one of your trades.
Inside this service level, there are three tiers: Basic, Plus and Premium. All of which manage the cost of you the following:
- Margin call assistance
- 24-hour support desk
- Resolve out trades
- Technical support
For the Plus and Premium accounts, you’ll be able to access increased benefits, for example, order entry and trade management assistance and broker meetings.
Other account arrangements include:
- Broker-Assisted Futures Trading – You’ll have the benefit of working with one of the association’s gatherings of trusted Futures Brokers who will help you with your trades.
- Automated Futures Trading Strategy Execution – Your trades will be managed by an outsider computer-based futures trading strategy.
- Managed Futures Investment – The company’s experienced CTAs will manage your futures investments in their entirety.
In case you’re looking for a trusted broker with the knowledge base to help you with your investment, Daniels Trading has what you need:
- Full range of assistance from software provision through to supervised investment funds
- Allowed to demo accounts and app functionality
- The wealth of e-learning resources
- Reliable market knowledge
- NFA regulated
In case you’re an experienced trader that needs the most well-regarded software with the lowest commissions, Daniels Trading probably won’t be for you:
- Higher commissions than standard online brokers
- Focused on commodities trading
- No cryptocurrencies offered
- No MT4 and MT5 platforms
You can trade every minute of every day on their platforms depending on the market opening times for each asset. See contract specifications on the organization’s website for specific market sessions.
Daniels Trading can be reached by contacting one of the accompanying numbers:
- Toll-Free – +1.800.800.3840
- Local/Int’l – +1.312.706.7600
- Fax – +1.312.706.7605
Alternatively, you can present a structure through their website to request evaluating for their trade, hedge and investing services, or only for general queries on their contact page.
The Daniel’s Trading website is HTTPS secure, guaranteeing your personal information against hackers. Additionally, your investment is protected against brokerage liquidation as the firm segregates its customers’ funds in line with the Commodity Future Trading Commission (CFTC) requirements.
Furthermore, there are a wealth of positive customer reviews out there from those who have tracked down the broker’s advice as reliable and dependable.
Daniels Trading Verdict
In case you’re interested in trading futures with a specific eye on rural commodities, Daniels Trading is definitely a broker to consider. The range of services from simple stage provision right to managed funds means the right level of support is available for all traders. On the other side, in case you’re searching for a cheap and cheerful MT5 broker, Daniels Trading probably won’t be for you as its expertise does come at an expense.
Daniels Trading welcomes traders from Australia, Thailand, Italy, United States, Norway, United Kingdom, France, South Africa, Hong Kong, Kuwait, Singapore, India, United Arab Emirates, Luxembourg, Sweden, Denmark, Saudi Arabia, Germany, Qatar and most other countries.
Traders cannot operate Daniels Trading from Canada.
Alternatives to Daniels Trading
In the event that you are searching for alternatives to Daniels Trading, we have compiled a rundown of the top 5 brokers that are like Daniels Trading below. This rundown of brokers like Daniels Trading is arranged by likeness and only includes companies that accept traders from your location.
Infinox – Infinox is a UK-based broker presenting MT4 trading with tight spreads.
Videforex – Forex broker Videforex receives deposits in a range of cryptocurrencies. Payouts reach 95% per trade.
Global Prime – Global Prime is a multi-regulated trading broker offering 100+ markets.
Hantec Markets – Hantec Markets is a multi-regulated online FX broker offering MT4 and tailored service giving huge flexibility to suit any trader.
IronFX – IronFX offers online trading in commodities, forex, futures, stocks, and cryptocurrencies.
Where is Daniels Trading managed?
Daniels Trading is managed by the National Futures Association as per the principles illustrated by the Commodity Future Trading Commission (CFTC).
Does Daniels Trading offer a demo account?
Daniels Trading offers a 14-day free demo account on their DT Master platform and a 30-day free preliminary on MultiCharts. On the off chance that you contribute with the firm, you’ll keep on getting to the demo account for nothing as long as you keep up with the $2,000 least deposit.
What amount of capital do I have to exchange with this broker?
The base deposit at Daniels Trading is $2,000. This is strikingly higher than numerous online retail trading brokers.
Does Daniels Trading charge expenses?
Daniels Trading doesn’t charge expenses to utilize their trading platforms as long as you have the base record deposit set up.
Is Daniels Trading a reliable broker?
Daniels Trading is a directed broker with an abundance of involvement with horticultural commodities futures. It collects solid client audits, and its site is HTTPS secure.