Online Futures And Commodity Trading With Professional Futures Broker
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This document defines the major risks that the user assumes and accepts by using the automated systems platform ATS platform onwardscommercialized under the iSystems brand and which development and property rights belong to iBroker Global Markets SV, SA IGM onwards. The information contained in the reports within this website is provided with the objective of "standardizing" automated trading system performance, and is intended for informational purposes only.
It should not be viewed as a solicitation for any specific trading system or system vendor. As past performance does not guarantee future results, these results may have no bearing on, and may not be indicative of, any individual returns realized through participation in this or any other investment.
No part of this website should be considered apart from the Disclosure Documents and disclaimers contained herein. Every effort has been made to ensure that the information on this website is accurate and complete, but neither IGM, nor our officers, principals, employees or agents shall be liable to any person for any losses, damages, costs or expenses including, cannon trading account minimum not limited to, loss of profits, loss of cannon trading account minimum, direct, indirect, incidental or consequential damages resulting from any errors in, omissions of or alterations to the information.
The foregoing shall apply regardless of whether a claim arises in contract, tort, negligence, strict liability otherwise. In instances where qualitative judgments are issued, the opinions expressed are that of the author, and may not necessarily reflect those of IGM, their respective subsidiaries, affiliates, officers or employees.
You are urged to draw your own conclusions from the data and analysis presented here and elsewhere. The risk of loss in trading commodity futures contracts and forex, even when done via an automated trading cannon trading account minimum, can be substantial.
You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain a position in the commodity futures market. Any specific investment or investment service contained or referred to in this website may not be suitable for all investors.
You should not rely on any of the information as a substitute for the exercise of your own skill and judgment cannon trading account minimum making such a decision on the appropriateness of such investments. Finally, the ability to withstand losses and to adhere to a particular automated trading system in spite of trading losses are cannon trading account minimum points which can adversely affect investor performance.
Trading systems can be subject to substantial commission charges and costs for the purchase or lease of the system. While the numbers within this website include all such fees, it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.
All ATS carry risk, even if the long term profitability is positive. There is no perfect system, nor is there cannon trading account minimum system that always wins.
Any investment in ATS carries great risks, and cannon trading account minimum performance shown should not blind the user from those risks. It is important to note that the worst losing streak of a system is most often yet to come, and can cannon trading account minimum when the system is active in the user's account. While the numbers within this website include all such fees, but it may be necessary for those accounts cannon trading account minimum are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.
This means you, the user, may choose, through controls in the Platform, for your account to be automatically operated following the buy and sell signals generated by one or more ATS. There are three types of ATS available to the user:. The buy and sell signals of the ATS are generated via real-time market data broadcast to IGM through various vendors of real-time financial information, and these signals generate orders that are in turn sent back to the futures exchanges hosting said markets, without human intervention, from IGM servers.
In particular, IGM is not responsible for any damages that may result from incorrect functioning of the ATS as well as any technical problem external to IGM servers such as mechanical or communication line failure, or system errors, or any other cause beyond its control; and can accept and execute orders only if actually received or generated; expressly declining liability for any malfunction of ATS, the telephone network, hosting services and technical support of the ATS.
The resulting trade fill outside of the iSystems platform could cause sync issues which could result in additional trades and trading losses. User specifically agrees to not place any trades in their iSystems account and to assume any and all risks and losses resulting from placing such trades.
The user assumes the use of the cannon trading account minimum technology for the implementation of the ATS he or she requests to activate, accepts as their own all operations performed by ATS and exempts IGM from any responsibilities in the economic result that these operations may generate. IGM makes no guarantee, implied or otherwise as to the cannon trading account minimum provided to investors by third party cannon trading account minimum system vendors outside of the iSystems Platform through their respective websites or otherwise.
As such, use of these third party trading systems is at the investors own risk and you acknowledge and agree that IGM is not responsible for any shortcomings, errors in charging or billing, misrepresentations, or any other wrongdoing on the part of the owner cannon trading account minimum said third party trading system s.
IGM recommends investors review the trading cannon trading account minimum vendors' policies regarding privacy, billing, errors and omissions, etc. The iSystems Platform enables Users to activate one or more ATS for trading cannon trading account minimum their account and cannon trading account minimum a Multiplier whereby the number of contracts traded on all signals will be multiplied by the chosen multiplier. This amount may vary for future sessions with changes in market conditions, exchange margins, or the risk profile of the system.
If the balance is below what is required, the platform will automatically deactivate systems until the balance meets the required minimum.
The priority for systems being deactivated will be those systems with no open positions first, sorted by most recently activated to least recently activated longest activeand then those systems with open positions, sorted in the same manner. In addition, IGM shall not be responsible for any loss, damage, or expense directly or indirectly caused by the withholding of a margin cannon trading account minimum for the trading of ATS User has activated using the iSystems Platform. The trading system performance on this website is calculated via trades generated on three data sets: Real-Time, and where available 3.
Backtested Trades are generated by running a trading system backwards in time, and seeing what trades would have been done in the past when applied to backadjusted data. Real-Time Trades are generated by running the cannon trading account minimum system forwards on data each and every day absent any intervention from the system developer, and logging the trades as they happen in real time day after day.
Client Fill Trades are generated by running the trading system on LIVE tick data for at least one actual client and tracking the actual buy and sell prices those clients trading the system receive in their account. Client Fill Trades are used to calculate monthly returns for any month in which clients were trading for the entire month, Real-Time Trades for those months in which there are no client fills for the entire month, and Backtested Trades for those months occurring before we loaded the system onto our trade servers.
Note that the Client Fill Trades are reported across all clients utilizing the platform, across multiple brokers, and are not based solely on the performance of accounts at this brokerage. No matter which data set s used, the calculated results are hypothetical in that they cannon trading account minimum returns in a model account. The model account rises or falls by the single contract profit and loss achieved by the system in whichever data set is available.
Cannon trading account minimum hypothetical model cannon trading account minimum begins with the Suggested Capital level listed, and is reset to that amount each month. The Suggested Capital number shown on the platform is calculated based on a proprietary risk analysis methodology designed by IGM which results in a suggested starting capital amount cannon trading account minimum 3 times the expected maximum drawdown of the trading system.
Indeed, as the disclaimer above states - you may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain a position in the commodity futures market. The percentage returns reflect inclusion of commissions, slippage, fees, and the cost of the system. Slippage is the difference between where a trading system signal believes it was filled and where the client actually got filled.
Slippage is a result of the spread between the bid and offer in a market [while a signal uses the last price as a trigger, that price is usually unattainable - with buyers having to pay the offer price higher than the last price and sellers having to sell at the bid price lower than the last price ]the type of orders used, data latency, the time of day orders are generated, the number of contracts being traded on a system, and more. In order to provide the most realistic information about the past performance of a system possible, IGM is not content to merely use a single estimate for slippage across every market and trading cannon trading account minimum.
Instead, For real-time or Backtested trades which have not been executed in real accounts, IGM applies the difference between the Real-Time Trades and Client Fill Trades witnessed on all other trading systems utilizing the same futures market with at least one customer actively trading the slippage over the past 50 trading sessions; resulting in a dynamic slippage number which reflects the volatility in the market, investor participation, and more.
The trading system performance data on this website may change at any time without warning due to several circumstances, including but not limited to refreshes of market data used to calculate system signals, upgrades or changes to the system code by its developer, changes to the minimum investment amount, commissions, or slippage estimates, and more.
It is important to note that the method of resetting the model account to the Suggested Capital amount at the start of each month creates a track record which is representative of the simple returns for each time period, but that it does not, by definition, show how returns would compound over time. Should an investor following any trading system listed within this website trading a single contract indefinitely without also resetting their account to the initial capital amount each month, their performance will differ from the performance detailed herein.
Cannon trading account minimum read carefully the CFTC required disclaimer regarding hypothetical results below. Custom Portfolios Putting combinations of automated trading systems together in a portfolio creates a hypothetical past performance track record, as the combined performance was created after the fact. The hypothetical performance of a custom portfolio should not be considered separate from the respective disclosure documents associated with the portfolio's components. As always, past performance is not necessarily indicative of future results.
Security measures and reasonable precautions that customers should take when accessing their online accounts:. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns. The returns for trading systems listed throughout this website are hypothetical in that they represent returns in a model account.
The hypothetical model account begins with the initial capital level listed, and is reset to that amount each month. The percentage returns reflect inclusion of commissions, fees, slippage, and the cost of the system.
If cannon trading account minimum when a trading system has an open trade, the returns are marked to market on a daily basis, using the backadjusted data available on the day the computer backtest was performed for backtested trades, and the closing price of the then front month contract for real time and client fill trades.
For a trade which spans months, therefore, the gain or loss for the month ending with an open trade is the marked to market gain or loss the month end price minus the entry price, and vice versa for short trades. It should not be viewed as a solicitation for the referenced system or vendor.
While the information and statistics within this website are believed to be complete and accurate, we cannot guarantee their completeness or accuracy. The statistics on this page are calculated via the combination of three hypothetical data sets: Tracked, and where available 3. Backtested performance is calculated by running a trading system backwards in time, and seeing what trades would have been done in the past when applied to backadjusted data.
Tracked performance is calculated by running the trading system forwards on data each and every day, and logging the trades as they happen in real time day after day.
Live performance is calculated by running the trading system on live tick data for actual clients and tracking the actual buy and sell prices those clients trading the system receive in their account.
We use Live results to calculate monthly returns for any month in which clients were trading for the entire month, Tracked fills for those months in which there are no client fills for the entire month, and computer generated fills for those months occurring before we loaded the system onto our trade servers. The results are hypothetical in that they represent returns in a model account.
The hypothetical model account begins with the Sugested Capital listed, and is reset to that amount each month. Please note that the method of resetting the model account to the initial value at the start of each month creates a track record which is representative of the simple returns for each time period, but that it does not, by definition, show how returns would compound over time. Should an investor following said program trade a single contract indefinitely without also resetting their account to the initial capital amount each month, their cannon trading account minimum will differ from the performance detailed herein.
Futures Trading Risks The risk of loss in trading commodity futures contracts and forex, even when done via an automated trading system, can be substantial.
There are three types of ATS available to the user: Cannon trading account minimum systems developed by the user. In some cases they may be open source systems, and in other cases they are systems that IGM or an external developer has decided to offer free of charge to iSystems users. Systems with third party licences. In this case the user must pay a license fee to use the ATS. The iSystems Platform facilitates the payment of this fee to the developer of the systems, and allows the user to activate for trading in the account only those systems the user has purchased a license for.
ATS Activation and Licensing The iSystems Platform enables Users to activate one or more ATS for trading in their account and set a Multiplier whereby the number of contracts traded on all signals will be multiplied by the chosen multiplier.
When you cannon trading account minimum given your access credentials, change your password upon first login. Use a secure password i. Make sure that no one else would be able to observe or steal your access credentials. Install anti-virus, anti-spyware and firewall software in their personal computers and mobile devices. Update operating systems, anti-virus and firewall products with security patches or newer cannon trading account minimum on a regular basis.
Remove file and printer sharing in computers, especially when they are connected to the internet. Make regular backup of critical data. Consider the use of encryption technology to protect highly sensitive or confidential information.
Log off the online session when you are done using the service. Clear browser cache after the online session.