Advantage is a clearing FCM, so it can carry futures customer collateral as well as execute and clear trades. Its September 2026 disclosure distinguishes that operating company from its holding company and affiliates. For an individual opening an account, the practical starting point is the current US$10,000 minimum and the separate margin requirement for the proposed positions.[1][4]
Accounts and eligibility
Sections ↑Account comparison01
Account types
| Item | Terms and scope |
|---|---|
| Operating FCM | Advantage Futures LLC, NFA 0327359Source 1 |
| Regulator role | CFTC-registered FCM; CME designated self-regulatory organisationSource 1 |
| Client types | Individuals, hedge funds, ETFs, prop groups and IB relationshipsSource 1 |
| Geography | Clients in 34 countries / jurisdictions reported in 2026 disclosureSource 1 |
| Onboarding minimum | Current account FAQ:US$10,000 initial minimum; fund appropriately for trading riskSource 1 |
Account comparison02
Application routes
| Item | Terms and scope |
|---|---|
| Individual | Online application offeredSource 4 |
| Other registrations | Download the appropriate paper applicationSource 4 |
| Identity evidence | Passport or driver’s licence where applicableSource 4 |
| Assistance | [email protected] /3128007000Source 4 |
Account comparison03
Retirement and non-US customers
| Item | Terms and scope |
|---|---|
| IRA / retirement | Requires a custodial account with a separate trust companySource 4 |
| Non-US applicant | W-8 form, Appointment as Agent form and valid passport copySource 4 |
| Acceptance | Documentation and risk assessment remain necessary; country count is not universal eligibilitySource 4 |
Products and market access
Sections ↑At a glance04
Market coverage
| Item | Terms and scope |
|---|---|
| Listed currency exposure | FX futures and futures options through covered exchangesSource 1 |
| CME Group | CME, CBOT, COMEX, NYMEX clearing membershipSource 1 |
| Other venues | ICE, CBOE Futures, Nodal and additional listed-market access citedSource 1 |
| Broker counterparties | RBC, Phillip, Marex and Nissan carrying relationships listedSource 1 |
| OTC principal deals | Firm says it does not enter principal over-the-counter transactionsSource 1 |
Specifications05
Clearing membership and access are different
| Item | Terms and scope |
|---|---|
| CME Group | CME, CBOT, NYMEX and COMEX memberships disclosedSource 1 |
| Other named venues | ICE, CBOE, Nodal, OCC and other exchanges in the disclosureSource 1 |
| Eurex | Non-clearing membership is specifiedSource 1 |
| FX exposure | Listed currency contracts; not a standard retail rolling-FX spread accountSource 1 |
At a glance06
Currency futures versus cash FX
| Item | Details |
|---|---|
| Contract | Standardised exchange instrument, with a specified expiry and contract size.Source 7Source 5 |
| Position lifecycle | Daily settlement and eventual closeout, roll or contract settlement.Source 7Source 5 |
| Customer relationship | The FCM carries the account; the chosen application submits orders.Source 7Source 5 |
| Cash ownership | A currency future does not create a freely withdrawable balance in the referenced currency.Source 7Source 5 |
Costs and charges
Sections ↑At a glance07
Price metrics
| Item | Terms and scope |
|---|---|
| Revenue model | Client execution and clearing commissions identified as main revenueSource 1 |
| Exchange charges | CME and other venue economics depend on market and membershipSource 1 |
| Platform cost | Hosting and independent technical facilities offeredSource 1 |
| Credit | Margin financing through affiliate only in limited circumstancesSource 1 |
| Published retail spread | Not an FX CFD spread-account operatorSource 1 |
Pricing & charges08
How the commission proposal is determined
| Item | Terms and scope |
|---|---|
| Inputs | Trading volume and margin utilisationSource 4 |
| PTG | Eligible professional traders may qualify for an annual commission capSource 4 |
| Exchange membership | Membership opportunities can reduce venue feesSource 4 |
| Quoted schedule | Request the sliding-scale plan from the account representativeSource 4 |
Platform subscriptions are only one part of the cost. Exchange data, venue/access charges and the agreed brokerage commission may be additional. The CQG schedule below is company-published pricing inspected on 26 October 2026; it is not a quote for a complete futures account.[8][6]
At a glance09
CQG professional subscriptions
At a glance10
CQG transactional products
| Item | Details |
|---|---|
| QTrader | USD 135/month plus USD 0.25/contract; first 140 contracts included; USD 1,035 cap.Source 8 |
| CQG One | USD 135/month plus USD 0.25/contract; USD 1,035 cap, then USD 0.03 tail rate.Source 8 |
| Desktop | USD 60/month plus USD 0.25/contract; USD 730 cap.Source 8 |
| Standalone Mobile | USD 60/month plus USD 0.25/contract; USD 730 cap.Source 8 |
At a glance11
Billing and separate charges
| Item | Details |
|---|---|
| IC / Spreader | One month in advance; 30-day termination notice.Source 8 |
| QTrader | Base billed in advance; transaction charges in arrears.Source 8 |
| One / Desktop / standalone Mobile | Billed in arrears.Source 8 |
| Market access | Exchange data, Eurex ETI sessions and applicable CFE/ICE fees are separate.Source 8 |
| Included mobile access | CQG Mobile is included with IC, QTrader, One and Desktop; standalone pricing is separate.Source 8 |
Platforms, orders and execution
Sections ↑At a glance12
Order workflow
| Item | Terms and scope |
|---|---|
| Electronic route | Most cleared volume self-executed electronicallySource 1 |
| Agency model | Brokerage says no speculative proprietary trading against clientsSource 1 |
| Floor services | CME floor and office execution services providedSource 1 |
| Global give-up | ADM Investor Services executes some trades given up for Advantage clearingSource 1 |
| Infrastructure | LaSalle Street Technology is a sister company under Advantage Financial LLCSource 1 |
At a glance13
Initial and maintenance margin
| Item | Terms and scope |
|---|---|
| Opening position | Initial margin requiredSource 4 |
| Published baseline | Exchange minimumsSource 4 |
| House discretion | The customer agreement permits higher requirementsSource 4 |
| Below maintenance | Restore the account to initial-margin level by funding or reducing positionsSource 4 |
At a glance14
Internet outage and uncertain fills
At a glance15
Execution and carrying relationships in the September disclosure
| Item | Terms and scope |
|---|---|
| Electronic volume | Most cleared trades are executed electronically by clientsSource 1 |
| Floor and office | Execution service also availableSource 1 |
| ADM Investor Services | Executes some trades given up to AdvantageSource 1 |
| Foreign carrying brokers | RBC, Phillip, Marex and Nissan namedSource 1 |
At a glance16
Front-end and clearing roles
| Item | Details |
|---|---|
| CQG | Trading and analytical front ends with separately priced capabilities.Source 8Source 9 |
| Rithmic | Market data, order execution infrastructure and server-side risk management.Source 8Source 9 |
| Carrying firm | Advantage remains the FCM for the accepted account; software selection does not change that relationship.Source 8Source 9 |
Funding, settlement and transfers
Sections ↑At a glance17
Settlement and funding
| Item | Terms and scope |
|---|---|
| US futures money | CFTC Rule 1.20 customer segregationSource 1 |
| Foreign futures | Rule 30.7 secured accountsSource 1 |
| Swaps collateral | Cleared swaps customer account / LSOC explanationSource 1 |
| Capital snapshot | Excess net capital $14,512,289 at 31 July 2026Source 1 |
| Concentration | At 31 July 2026, two clients accounted for at least 50% of domestic-futures funds and two for at least 50% of 30.7 fundsSource 1 |
At a glance18
Depositing and withdrawing cash
| Item | Terms and scope |
|---|---|
| Opening minimum | US$10,000Source 4 |
| Wire deposit | Obtain current instructions from the representativeSource 4 |
| Checks | Personal, cashier’s and bank checks payable to Advantage Futures LLCSource 4 |
| Withdrawal | Wire to an account in the same name at another institutionSource 4 |
At a glance19
Transferring an existing account
| Item | Terms and scope |
|---|---|
| At application | Request transfer during onboardingSource 4 |
| After opening | Transfer of Account Authorization formSource 4 |
| Published expectation | Generally three business days after submissionSource 4 |
| Timing limitation | Operational estimate, not a guaranteed completion dateSource 4 |
At a glance20
Three customer-funds categories in the disclosure
| Item | Terms and scope |
|---|---|
| US listed futures | Customer segregation under CFTC 1.20Source 1 |
| Foreign futures | Separate 30.7 secured-money treatmentSource 1 |
| Cleared swaps | Separate customer collateral /LSOC frameworkSource 1 |
| Customer ownership | Segregation does not create individual bank-deposit insuranceSource 1 |
Regulation and client assets
Sections ↑At a glance21
Regulation
| Item | Terms and scope |
|---|---|
| CFTC authority | Advantage Futures LLC FCM and NFA membership disclosedSource 1 |
| Customer insolvency | Futures accounts explicitly lack SIPC protectionSource 1 |
| Segregation types | Domestic, 30.7 foreign futures and cleared swaps distinguishedSource 1 |
| Permitted investment | CFTC Rule 1.25 cash, government securities, reverse repos as applicableSource 1 |
| Financial transparency | Monthly capital and segregation material publishedSource 3 |
Entities & regulation22
Capital snapshot: 31 July 2026
| Item | Terms and scope |
|---|---|
| Ownership equity | US$45,474,052Source 1 |
| Net capital | US$52,513,908Source 1 |
| Adjusted net capital | USD 49,754,124.Source 5 |
| Tangible net worth | US$45,373,776Source 1 |
| Excess net capital | US$14,512,289 reported in the disclosureSource 1 |
| Date limitation | These figures are historical, not an October balance-sheet certificationSource 1 |
Entities & regulation23
Concentration and funding: dated disclosure
| Item | Terms and scope |
|---|---|
| Domestic customer concentration | Two customers held at least 50% of futures customer fundsSource 1 |
| Foreign-futures concentration | Two customers held at least 50% of 30.7 customer fundsSource 1 |
| Revolving subordinated facilities | US$15 million disclosedSource 1 |
| Business implication | A small number of large customers can drive funding flows; this is not itself a finding of a shortfallSource 1 |
Entities & regulation24
Principal risk and customer investments
| Item | Terms and scope |
|---|---|
| Speculative proprietary trading | The firm says it does not conduct itSource 1 |
| Own hedges | Small exposures can hedge the firm’s risks, including currencySource 1 |
| Principal OTC transactions | The disclosure says noneSource 1 |
| Illiquid customer financing | The disclosure says no financing of such transactionsSource 1 |
Support and account records
Sections ↑At a glance25
Desk operations
| Item | Terms and scope |
|---|---|
| Execution support | CME floor and office-based staff mentionedSource 1 |
| Operations | Trade allocation and fee reconciliation functions describedSource 1 |
| Risk supervision | Dedicated chief risk officer and documented programmeSource 1 |
| Technology help | Affiliated hosting and technology facilitiesSource 1 |
| Failure contingencies | Business continuity site in Downers Grove disclosedSource 1 |
At a glance26
Account records
At a glance27
Specialist contact lines
| Item | Terms and scope |
|---|---|
| Client service | 3128007000Source 4 |
| Global execution | 3128007800Source 4 |
| Operations | 3128007050Source 4 |
| Technology | 3128007100Source 4 |
| Credit / risk | 3128007171Source 4 |
| Client-service email and telephone | +1 312 800 7000; [email protected].Source 9 |
| Chicago office | 141 W. Jackson Boulevard, Suite 3900, Chicago, IL 60604.Source 9 |
At a glance28
Complaint routes in the firm disclosure
Research and additional services
Sections ↑At a glance29
Additional services
| Item | Terms and scope |
|---|---|
| Clearing clients | Broker groups, professional trading firms, hedge funds and ETFsSource 1 |
| Allocation workflows | Operational reconciliation and account allocationsSource 1 |
| Non-US access | Carrying-broker relationships provide foreign exchange-market accessSource 1 |
| Technical hosting | LaSalle Street Technology, a sister company under Advantage Financial LLCSource 1 |
| Margin financing | Advantage Capital Resource limited financing servicesSource 1 |
At a glance30
Practice, professional facilities and financing
| Item | Terms and scope |
|---|---|
| Simulation | Available on several offered platforms through a representativeSource 4Source 1 |
| Technology | LaSalle Street Technology hosting and colocationSource 4Source 1 |
| Premises | Chicago and Downers Grove facilitiesSource 4Source 1 |
| Margin financing | Advantage Capital Resource offers it under limited conditionsSource 4Source 1 |
Company and legal entities
Sections ↑At a glance31
Ownership and affiliate functions
| Item | Terms and scope |
|---|---|
| Holding company | Advantage Financial LLCSource 1 |
| Operating FCM | Advantage Futures LLCSource 1 |
| FCM subsidiary | Advantage Securities LLC; no clearing business reportedSource 1 |
| Sister companies | Advantage Capital Resource, LaSalle Street Technology and Advantage BuildingSource 1 |
| Formation | Advantage Futures LLC formed 9 January 2003.Source 11Source 5 |
| Audited reporting | 2025 consolidated statement is distinct from the later July 2026 capital snapshot.Source 11Source 5 |
- Headquarters
- Chicago, Illinois, United States
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Advantage Futures LLC
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| National Futures Association0327359 | Not verified | Checked 27 Oct 2026Company-published identifier; current detailed permissions were not independently matched in the authority register.Source 1 |
Important account distinctions
Sections ↑At a glance32
Financial publications have different dates
| Item | Terms and scope |
|---|---|
| Firm disclosure | First used 1 September 2026Source 1Source 3Source 2 |
| Figures inside it | Principally 31 July 2026Source 1Source 3Source 2 |
| Financial hub | Separate monthly net-capital, segregation and secured-funds reportsSource 1Source 3Source 2 |
| Marketing statistics | By-the-numbers figures have their own dates; they are not substituted for regulatory capitalSource 1Source 3Source 2 |
Sources & further reading
- CFTC Rule 1.55 customer disclosure, current September 1 2026 Advantage Futures LLC · Accessed 27 Oct 2026
- Advantage Futures business statistics Advantage Futures LLC · Accessed 27 Oct 2026
- Monthly financial, segregation and capital reports Advantage Futures LLC · Accessed 27 Oct 2026
- Advantage account opening, margin, records and outage FAQ Advantage Futures · Accessed 27 Oct 2026
- FCM disclosure and July 2026 financial snapshot Advantage Futures · Accessed 26 Oct 2026
- Opening, funding, margin and account FAQ Advantage Futures · Accessed 26 Oct 2026
- Product and exchange access Advantage Futures · Accessed 26 Oct 2026
- CQG products and published fees Advantage Futures · Accessed 26 Oct 2026
- Rithmic connectivity and contact numbers Advantage Futures · Accessed 26 Oct 2026
- NFA BASIC firm profile: Advantage Futures National Futures Association · Accessed 26 Oct 2026
- 2025 audited consolidated financial statement Advantage Futures · Accessed 26 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.