Dorman Trading review
Dorman Trading offers financial as well as electronic and commercial services related to commodities, derivative instruments, and stocks as well as a wide range of services for working with futures markets, including clearing of transactions and order allocation. Dorman Trading operates in the United States.
Dorman Trading was founded in 1956 by Bernard Dorman, a trader who works on the Chicago Stock Exchange. The broker is one of the oldest, family-operated Futures Commission Merchants (FCM) in the world.
Dorman Trading, LLC is a clearing company (FCM). It does not work with individual traders directly. Under the terms of legislation of the NFA, clearing companies cannot directly attract customers who are non-residents of the US. Clearing companies work through a network of brokers (IB, GIB, or FIB), the same way ITG DIRECT operates for Russian traders. It ensures the cooperation between traders and a clearing company and acts on its behalf.
It is possible to trade via one of the many platforms provided. Orders made on any of the trading platforms are sent directly from a trader's computer to the electronic trading market. The company's specialists will give a strong support to introducing brokers of all types and styles.
Clients can open such accounts as Individual, Corporate, Partnership, Joint LLC, and Trust.
Account managers receive daily reports on all executed deals at the end of the trading session as well as monthly detailed reports. The archive of all the reports is available on the portal.
Traders have the opportunity to implement any trading strategy on their account thanks to the iSystem or Collective2 systems. These systems also allow customers to analyze their own trading.
Besides, the company offers free quotes, commodity charts, futures contract specifications, and information about margins for the most popular instruments in the Trading Resources section.
Available methods of depositing money into an account:
The broker accepts USD, EUR, and AUD.
Dorman Trading rejects Paypal transfers, credit cards, debit cards, wire transfer, ACH payments, electronic funds transfer, line of credit checks, or checks issued by foreign banks.
Regardless of the depositing method chosen by a trader, the name of a person who deposited funds must always be the same as the name of the account holder.
Dorman Trading 3/10 (votes 2200)