Accounts and eligibility
Sections ↑Cannon provides futures and options brokerage for self-directed traders, clients seeking broker assistance and institutions. This profile covers its US introducing-broker relationship and eligible international applicants, with terms checked on 12 October 2026. The chosen carrying FCM supplies the account agreement.[10][12]
Reference table01
Trading service and starting funding
| Attribute | Micro-only self-directed | Standard self-directed | Broker-assisted |
|---|---|---|---|
| Published starting amount | USD 1,000 | USD 2,500 | USD 3,000Source 8Source 11 |
| Trading approach | Smaller listed futures contracts | Standard and E-mini contracts | Broker input and execution assistanceSource 8Source 11 |
| Platform choice | Match platform and FCM | Match platform and FCM | Arrange tools with the assigned brokerSource 10Source 11 |
| Price basis | Individual quote; qualifying volume grid below | Individual quote; qualifying volume grid below | Service-dependent quoteSource 10Source 11 |
The facts02
Shared account essentials
| Measure | Value | Context |
|---|---|---|
| International service | USD 3,000 on the dedicated international page | Passport, residence and tax documentation are reviewed for the specific country and FCM.Source 12 |
| FAQ capital guidance | Swing trading: USD 5,000; option selling: USD 10,000 | Recommendations, distinct from opening requirements.Source 13 |
| Funding destination | The carrying firm’s customer account | Cannon is an IB; the FCM holds the trading collateral.Source 2 |
Process03
Application and account ownership
| Stage or option | What to establish |
|---|---|
| Trader profile | State experience, planned markets, volume and platform needs; Cannon then directs the applicant to the appropriate clearing application.Source 9 |
| Identity and eligibility | Provide requested identity/address evidence and financial information. Non-US tax status may require Form W-8BEN; acceptance is country-specific.Source 12 |
| Retirement funds | IRA and Roth routes require the appropriate custodian/application.Source 13 |
| Business or professional use | Corporate, LLC, institutional and multiple-trader arrangements are available through the professional service.Source 28 |
Markets and contract choices
Sections ↑Specifications04
Representative contract economics
| Contract | Exposure per contract | Outright tick |
|---|---|---|
| MES — Micro S&P 500 | USD 5 × index | 0.25 point = USD 1.25Source 5 |
| MNQ — Micro Nasdaq-100 | USD 2 × index | 0.25 point = USD 0.50Source 5 |
| MGC — Micro Gold | 10 troy ounces | USD 0.10/oz = USD 1Source 6 |
| MCL — Micro WTI | 100 barrels | USD 0.01/barrel = USD 1Source 7 |
Availability05
Broader market access
| Market | Published futures coverage |
|---|---|
| Currencies | Euro, yen, sterling and other currency futures, including selected smaller contracts.Source 15 |
| Commodities and rates | Energy, metals, grains, livestock, soft commodities and interest-rate futures.Source 15 |
| Options | Options-on-futures tools and broker assistance; platform and account permissions determine availability.Source 17Source 11 |
| Contract expiry | MCL settles financially; contracts with physical delivery need their own notice-date and liquidation arrangements.Source 7Source 22 |
Commissions, data and account charges
Sections ↑Pricing & charges06
Published self-directed volume grid
The grid requires self-directed accounts opened after 14 November 2023 and USD 10,000 minimum balance; free CannonX is excluded. Other services/balances are quoted. Negotiated USD 0.18 requires over 10,000 monthly contracts and over USD 50,000 balance.[14]
Pricing & charges07
Complete the cost quote
| Component | Basis |
|---|---|
| Exchange, clearing and connection | Contract, FCM and platform determine the additions; no universal complete transaction total is established.Source 10 |
| NFA assessment | USD 0.01 per side from 1 July 2026; scheduled USD 0.02 from 1 July 2027.Source 3 |
| Software and data | A free front end does not establish free access to every feed, exchange or optional tool. Confirm the subscribed packages.Source 19Source 16 |
The facts08
Unused accounts and subscriptions
| Measure | Value | Context |
|---|---|---|
| Inactivity | The FAQ describes several platforms without inactivity charges | Confirm the selected FCM’s account tariff; no general dormancy-to-closure timetable was established.Source 13 |
| Stopping recurring tools | Cancel with the party that bills the service | Cannon can remove FCM-billed subscriptions; tools bought directly from a vendor require cancellation with that vendor.Source 13 |
Platforms, margin and order handling
Sections ↑Platforms & products09
Platform selection
| Platform | Useful features | Account consideration |
|---|---|---|
| CannonX | DOM, charts, brackets and options tools | Free core platform; its accounts do not use the displayed volume grid.Source 16Source 14 |
| Cannon Pro / FireTip | Windows and Mac, options chains and strategy tools | Arrange the clearing and market-data package.Source 17 |
| TradingView | Browser/app charting, alerts and chart-based analysis | Confirm the enabled brokerage connection and any chosen subscription.Source 18 |
| Sierra Chart | Order-flow and chart trading | Cannon lists Teton, Rithmic, Denali and CQG choices; availability depends on the configured account.Source 19 |
| Quantower | DOM, volume analysis and liquidity heatmap tools | Agree the connection and licences before funding.Source 20 |
Reference table10
Published day margins by carrying firm
Process11
Position and execution limits
| Situation | Practical consequence |
|---|---|
| Overnight exposure | Reduced day collateral does not replace the exchange/FCM requirement for holding past the session cutoff. Confirm the account’s cutoff and intervention fee.Source 15 |
| Risk intervention | The selected FCM can enforce its risk terms; a broker-service description is not a promise of advance notice before liquidation.Source 22 |
| Stops or electronic failure | Stops may execute beyond their trigger or fail in constrained markets; connectivity failure can delay orders and confirmations. Losses may exceed deposited funds.Source 22 |
Deposits, withdrawals and statements
Sections ↑Process12
Match payment instructions to the FCM
| Route | Published funding distinction |
|---|---|
| StoneX | Use its approved customer account; the broker lists a 15:00 Eastern wire-processing cutoff and a five-business-day personal-cheque hold.Source 21 |
| Dorman / Phillip / Ironbeam | Each has separate funding instructions and portal access. Approval and the correct account reference come before remittance.Source 21 |
| International payments | Use the currency and beneficiary instructions for the actual FCM; do not substitute another carrying firm’s bank details.Source 21 |
The facts13
Ironbeam ACH rules, where that is the chosen route
| Measure | Value | Context |
|---|---|---|
| Trading clearance | Typically 3–4 business days | The FCM’s dedicated article requires its own linked-bank process; external ACH is not accepted.Source 30 |
| Withdrawal hold | Ten business days | For the first 60 calendar days, withdrawals must be electronic and return to the originating bank.Source 30 |
Process14
Withdrawals and closing an account
| Item | What applies |
|---|---|
| Available withdrawal | Only eligible cash above account requirements can be released; deposit holds and open-position margin still matter.Source 13Source 30 |
| Request and charges | Request through the carrying route. The general FAQ’s processing estimate is not a universal arrival promise or FCM withdrawal tariff.Source 13 |
| Account closure | Arrange remaining positions, cash and separately billed subscriptions with Cannon and the FCM; cancelling market data alone does not close the brokerage account.Source 13 |
Regulation and customer-funds protection
Sections ↑Protections & eligibility15
Regulatory and money-holding relationship
| Area | Scope |
|---|---|
| Current firm match | Cannon Trading Company Inc, NFA ID 0216708: registered CFTC IB and approved NFA member when checked on 12 October 2026.Source 1 |
| Custody | The introducing broker arranges the relationship; the carrying FCM receives customer collateral.Source 2 |
| Insolvency | Segregation is not a guaranteed payout. US futures accounts have no industry-wide shortfall-insurance scheme.Source 4 |
| Market loss | Neither registration nor margin rules guarantee the account against trading losses or a debit balance.Source 22 |
Support and dealing interruptions
Sections ↑Official broker channels
US toll-freeTelephone
International telephoneTelephone
Broker emailEmail
Support emailEmail
[email protected]Source 13
Scope Platform, subscription and account support
Hours Monday–Friday, 08:30–17:00 Eastern
Process16
When the trading interface fails
| Route | Published instruction or limit |
|---|---|
| Day Trader Lifeline | Qualifying live clients can telephone for emergency exit or stop placement, with no additional program charge. Confirm eligibility with the broker.Source 14 |
| Ironbeam-carried account | The FCM directs clients to report technical problems and use its order desk until resolved.Source 31 |
| Order reconciliation | Have the desk confirm working orders and fills before replacing an uncertain instruction; a missing screen confirmation does not prove cancellation.Source 31 |
NFA accepts conduct complaints against members; check the responsible firm’s membership history in BASIC, including the selected carrying firm where relevant.[33]
A monetary dispute over alleged unfair or improper treatment can instead enter NFA customer arbitration, subject to its rules and two-year filing requirement. A timely Notice of Intent can pause that deadline; it does not itself file a claim.[32]
Automation, assistance and professional services
Sections ↑Process17
iSystems operation and exit responsibilities
| Control | Meaning |
|---|---|
| Licence and activation | A strategy subscription and live activation are separate steps; trading size is selected through a multiplier.Source 24 |
| Account synchronization | Do not place separate manual trades in the dedicated iSystems account. The provider warns that synchronization can generate unintended additional trades.Source 25 |
| Capital check | Required capital is reassessed; systems can be deactivated when the account no longer meets it. This is not a loss guarantee.Source 25 |
| Stopping a strategy | Cannon’s linked 2013 guide offers immediate exit, the next signal or end-of-day exit. Its age prevents treating those choices as a verified current interface.Source 26 |
| Remaining orders and fees | Confirm current exit instructions and licence cancellation separately. The live portal’s agreement is dated September 2017 and does not establish today’s full exit mechanics.Source 27 |
Availability18
Additional services
| Service | Published scope |
|---|---|
| Assisted futures and options | Market discussion, order assistance and strategies tailored to the requested service; agree the commission treatment.Source 11 |
| Professional infrastructure | API access, allocation, multiple-trader risk oversight and tailored clearing arrangements.Source 28 |
| Research and learning | Market commentary, platform demonstrations and futures education; simulated results do not establish achievable live performance.Source 29Source 22 |
Company, names and history
Sections ↑The facts19
Identity and continuity
| Measure | Value | Context |
|---|---|---|
| Legal business | Cannon Trading Company Inc | NFA membership began 9 December 1988; full IB registration followed on 15 February 1989.Source 1 |
| Related trading names | E-Futures.com and E-Mini.com | These appear among the same firm’s registered DBAs; a brand name does not identify a separate carrying FCM.Source 1 |
| Account changes | Distinguish a brand from a transfer | No current, general customer-migration timetable was established; actual FCM changes require the applicable account documentation.Source 29Source 21 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Cannon Trading Company Inc
United StatesSource 1
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Commodity Futures Trading CommissionIB; NFA ID 0216708 | Registered | Checked 12 Oct 2026Current official BASIC: IB / REG.Source 1 |
| National Futures Association0216708 | Registered | Checked 12 Oct 2026Current official BASIC: NFA Member Approved.Source 1 |
Sources & further reading
- Official current legal identity, membership, registration and recorded names National Futures Association · Accessed 12 Oct 2026
- Introducing-broker role and customer-money restriction National Futures Association · Accessed 12 Oct 2026
- Current assessment and scheduled effective dates National Futures Association · Accessed 12 Oct 2026
- Futures customer-funds protection and insolvency treatment Futures Industry Association · Accessed 12 Oct 2026
- Micro equity-index contract multipliers and ticks CME Group · Accessed 12 Oct 2026
- Gold and Micro Gold contract economics CME Group · Accessed 12 Oct 2026
- Micro WTI contract, settlement and tick CME Group · Accessed 12 Oct 2026
- Published Micro and standard starting funding Cannon Trading · Accessed 12 Oct 2026
- Trader profile and clearing-account application Cannon Trading · Accessed 12 Oct 2026
- Self-directed futures service and platform choice Cannon Trading · Accessed 12 Oct 2026
- Broker-assisted service and its minimum funding Cannon Trading · Accessed 12 Oct 2026
- International account service and application requirements Cannon Trading · Accessed 12 Oct 2026
- Account, residence, withdrawal, subscription and support questions Cannon Trading · Accessed 12 Oct 2026
- Commission tiers, eligibility and Day Trader Lifeline Cannon Trading · Accessed 12 Oct 2026
- Contract specifications and separate carrying-firm margin columns Cannon Trading · Accessed 12 Oct 2026
- CannonX platform, OEC tutorials and free core access Cannon Trading · Accessed 12 Oct 2026
- Cannon Pro / FireTip desktop and options tools Cannon Trading · Accessed 12 Oct 2026
- TradingView access and charting tools Cannon Trading · Accessed 12 Oct 2026
- Sierra Chart connection choices Cannon Trading · Accessed 12 Oct 2026
- Quantower order flow and analytical tools Cannon Trading · Accessed 12 Oct 2026
- Funding routes and carrying-firm instructions Cannon Trading · Accessed 12 Oct 2026
- Futures, electronic-order and hypothetical-results risk Cannon Trading · Accessed 12 Oct 2026
- Official broker contact channels Cannon Trading · Accessed 12 Oct 2026
- iSystems licensing and automated execution service Cannon Trading · Accessed 12 Oct 2026
- Broker-branded live portal risk and synchronization conditions iSystems / Cannon Trading · Accessed 12 Oct 2026
- Linked iSystems operating guide; PDF created December 2013 Cannon Trading · Accessed 12 Oct 2026
- Current portal link to agreement dated September 2017 iSystems / Cannon Trading · Accessed 12 Oct 2026
- Professional, institutional and API service Cannon Trading · Accessed 12 Oct 2026
- Company and brokerage history Cannon Trading · Accessed 12 Oct 2026
- Ironbeam ACH timing and originating-bank restriction Ironbeam · Accessed 12 Oct 2026
- Ironbeam alternate dealing during electronic failure Ironbeam · Accessed 12 Oct 2026
- Customer arbitration: monetary disputes and filing time limit National Futures Association · Accessed 15 Oct 2026
- Reporting improper business practices and checking NFA membership National Futures Association · Accessed 15 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.