Daniels Trading is said to offer a lot of solutions for trading along with advanced tools.
- Instruments- Forex,indices, commodities,futures,interest rates.
- Demo Account – Yes
- Min. Deposit – $2,000
- Pay Methods – Cheque, Wire Transfer
- Min. Trade – 0.01 lots
- Regulated By – National Futures Association (NFA)
- Social Trading – No
- ECN Account – No
- DMA Account – No
- Mobile Apps – Yes
- Copy Trading – No
- Trade Signals – Yes
- Islamic Account – No
- MetaTrader 4 – No
- MetaTrader 5 – No
- cTrader – No
- Auto Trading – Yes
CFD
Start online trading of leveraged CFDs via financial markets.
- GBPUSD Spread – Floating
- Oil Spread – Floating
- FTSE Spread – Floating
- Stocks Spread – Floating
Forex
Trade a decent variety of famous currencies.
- EURGBP Spread – Floating
- GBPUSD Spread – Floating
- EURUSD Spread – Floating
- Assets – 14
Daniels Trading Details
Created in 1995, the company’s head is Andrew Daniels – a professional trader in agricultural commodities markets who has made a name on Chicago Board of Trade’s grain floor. By his side are two executives with their groups of 17 brokers and has eight people as supporting staff.
Daniels Trading Ltd is controlled by the National Futures Association (NFA) and serves people seeking to invest in the futures market, irrespective of experience.
Trading Platforms
DT Pro
DT Pro is the firm’s local premier futures platform that has been created by keeping the needs of active traders in mind. It is convenient, yet it is said to offer all services you would hope to find and a lot more.
Features of DT Pro include:
● Option & futures.
● Pit & electronic Markets.
● Depth of Market (DOM).
● Advanced technical indicators.
● Automated trading.
● Advanced Orders.
● Direct market access.
● Customer indicators.
● Market replay.
MultiCharts
For professionals, Daniels Trading is said to offer even the MultiCharts platform.
MultiCharts is popular for its high standard functionality that also includes:
● Diverse strategy back-testing of portfolio-level.
● Data replay.
● Support for 20+ data feeds.
● High-definition charting.
● Communicative performance that reports 300+ strategies as well as indicators.
● Easy language support.
● Genetic optimization.
● Market scanner.
Markets
You can trade the markets understated with Daniels Trading:
● Foreign exchange comprising big pairs like EUR/USD & GBP/USD.
● Agricultural commodities, including corn and wheat.
● Metals like gold & platinum.
● The firm offers particular expertise in agricultural commodities.
● Interest rates.
● Energies including natural gas and petroleum.
Spreads & Commission
Daniels Trading is honest that its commission usually higher as compared to discount brokers. This has been disclosed based on the fact that the service they offer is a trustworthy high-standard. They are known to represent value when it comes to not just price but also top quality. Fees differ, and you’ll then be required to request pricing on the broker’s website to get more details.
Leverage
Daniels Trading is not exactly honest regarding their option of leverage. These can, however, be acquired upon inquiry. It is a demerit as it’s known that you have to move across the motions of account opening to obtain the essential information required to decide on signing up.
Mobile Apps
Daniels Trading has a mobile application that uses the DT Pro platform. You’ll be required to be signed up to download the application, but that can be done via their demo account. To get access, the website can be used to register for the same. You’ll subsequently get affirmation via email that will also have the login information needed. Download the same app from Google Play or the IStore and utilize the information that has been provided to sign up.
Traders can move correspondently between the application and the website portal as they are both joined, which means that any trades placed on either platform can be directly seen on the other one. A wonderful characteristic of the application is that you can get push notifications regarding trades done by you regardless of whether they had been put on the internet.
Payment Methods
The broker is said to accept certain payment options that include cheque and bank transfer. The company is known not to accept money orders. $2000 is the minimum deposit required at Daniels Trading.
There are minimal fees for withdrawing funds:
● Domestic wire transfers – $25
● Foreign wire transfers – $30
● Overnight cheque requests – $15
● Cheque requests – Free
Demo Account
Demo accounts are also provided for the Platform of DT Pro; one can examine the application’s usability for 14 days via the free trial account. In MultiCharts, one can even get access to a free demo account that lasts for the 30-day trial period.
Besides this, account holders will also have limitless access to both free live, and free demo accounts on the platform of DT Pro provided the $2,000 minimum account requirement is maintained.
Deals & Promos
Daniels Trading presents itself as a broker that is said to offer service quality. The latter might also be why deals, bonuses, and promotions aren’t part of the brand’s ethos.
Licensing
Daniels Trading is controlled by the National Futures Association (NFA). That is why it abides by the Commodities and Futures Trading Commission (CFTC).
Those latter provides the broker with a level of trust that the unsupervised ones do not hold. NFA membership, however, is not conducive to advisement, which is why traders should still make personal background checks on their own by making use of the search functionality of NFA’s BASIC.
Additional Features
Daniels Trading gives a variety of resources that are said to be available for free, including a blog that is updated regularly with advice and market strategy to help one maximize profits. If you’re an amateur, the broker is said to provide even a handy guide pdf of Futures101.
Other resources include:
● Quotes and charts
● Futures calendar
● Order Entry Handbook
● Futures calculator
● Podcasts
If you do subscribe to their mail-list, you can subsequently access the following:
● E-books and educational guides
● Webinar invites
● Account Types
● Daniels Trading offers a few different accounts based on the service level required and experience of the trader.
● Sample advisories
Self-Directed Online Futures Trading
This alternative is available for traders who are confident regarding their knowledge base and are content getting it alone. One can still access all the available resources for advice and strategies and have absolute control of one’s trades.
The service level consists of three tiers, namely Basic, Plus, and Premium. All of which can provide you with the following:
● Margin call assistance
● For the Plus and Premium accounts, you’ll access increased benefits such as order entry and trade management assistance and broker consultations.
● 24-hour support desk
● Resolve out trades
● Technical support
Other account solutions include:
● Automated Futures Trading Strategy Execution where trades will be regulated by a certain third-party AI futures trading strategy.
● Broker Assisted Futures Trading where one can have the advantage of working alongside one of the firm’s groups of trusted Futures Brokers who can assist with trading.
● Managed Futures Investment where the firm’s experienced CTAs will fully manage futures investments.
Benefits
In case one is seeking a trusted broker that has the knowledge base that can help you invest, Daniels Trading is a perfect choice, and here is why:
● Full range of services from software provision through to managed investment funds
● A wealth of e-learning resources
● Reliable market knowledge
● NFA regulated
● Access to demo accounts and app functionality
Drawbacks
In case you’re an experienced trader who wishes to own the most acceptable software that has the lowest commissions, Daniels Trading is not the right choice for you and here’s why:
● Focused on commodities trading
● No cryptocurrencies offered
● Higher commissions than standard online brokers
● No MT4 & MT5 platforms
Trading Hours
You can trade on their platforms 24/7 as per the market opening times for each asset. Check out contract specifics available on the website of the company for certain market sessions.
Customer Support
Daniels Trading can be contacted via one of the following numbers:
- Toll-Free – +1.800.800.3840
- Local / Int’l – +1.312.706.7600
- Fax – +1.312.706.7605
Otherwise, one can give a form using their website to request pricing for their trade, hedge and invest services, or simply regarding general queries on their contact page.