20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Daniels Trading Review 2024
Minimum
deposit:
deposit:
- from $2,000
Trading platform:
- MultiCharts
- dt Pro
Minimum
deposit:
deposit:
- from $2,000
Trading platform:
- MultiCharts
- dt Pro
Leverage:
- Marginal trading is available
Trading features:
- The amount of minimum deposit and commission may change depending on the markets the trader requires access to
Summary of Daniels Trading Trading Company
Daniels Trading is a moderate-risk broker with the TU Overall Score of 5.38 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Daniels Trading clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. Daniels Trading ranks 42 among 79 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Daniels Trading is a broker specializing in futures trading. Its trading conditions are suitable for users with various levels of professionalism and also provide an opportunity to invest and trade actively.
Daniels Trading is an American broker, which has been providing financial services since 1995. The company specializes in futures trading and offers traders independent trading or trading with the broker’s assistance. Consulting services are also available at Daniels Trading. The company’s operation is controlled by the NFA (National Futures Association, 0476094) and CFTC (Commodity Futures Trading Commission), which guarantee the broker’s reliability and protection for its clients.
| 💰 Account currency: | USD |
|---|---|
| 🚀 Minimum deposit: | $2,000 |
| ⚖️ Leverage: | Marginal trading is available |
| 💱 Spread: | Set individually |
| 🔧 Instruments: | Futures, commodities, fiat currencies, energies, indices, finance, metals |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Daniels Trading:
- Accounts for the novice traders and professional market players.
- There are different ways to contact the company and the client can choose the most suitable one.
- The company offers investment programs for earning passive income.
- Daniels Trading provides free educational materials on futures trading and skill improvement.
- Registration on the website takes no more than three minutes.
- The broker’s clients can use the consulting services.
👎 Disadvantages of Daniels Trading:
- It is impossible to deposit and withdraw funds via electronic payment systems.
- The broker offers flexible trading conditions, which is why the minimum deposit amount and the commissions need to be requested individually.
- No bonus and referral programs, contests.
Evaluation of the most influential parameters of Daniels Trading
Table of Contents
Geographic Distribution of Daniels Trading Traders
Popularity in
35.43%
US
7.97%
IN
6.48%
CA
3.2%
GB
3.07%
AR
2.7%
SG
2%
AU
1.4%
ZA
0.93%
NG
0.5%
MY
36.32%
Others
User Satisfaction i
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Expert Review of Daniels Trading
Daniels Trading (DanielsTrading) is a broker with a personalized approach to each client. The company offers optimal conditions for active trading, investing, an option for independent trading and trading with the broker’s assistance. Also, DanielsTrading is prepared to work with the automated trading system developers. There are two main account types at the company, which can be opened for personal, joint or corporate use. The minimum deposit for opening an account is USD 2,000. Trading with Daniels Trading is not available to residents of Canada.
The broker’s advantage is that it targets a wide audience. DanielsTrading provides trading conditions that allow for earning profit both for active participation in the trading processes and for passive – automated futures trading is available to the clients.
Personalized approach is about determining trading conditions for each client individually, which is why the broker’s website does not feature information about the minimum deposit or trading fees. It is impossible to fund a trading account on DanielsTrading using electronic payment systems.
Dynamics of Daniels Trading’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Broker
Daniels Trading offers great conditions for active trading, but also features investment programs for the clients to be able to increase their own capital and earn passive income.
Automated Strategies
The company works not only with active trading, but also with investors, which is why it offers to use automated systems, collected in iSystems for earning passive income.
-
There are a huge number of strategies in the system for each investor to be able to choose the most suitable option for them.
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Experts are involved in the development of the automated systems.
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iSystems is the choice of clients who want to earn passive income and not spend time on trading or don’t have experience in trading futures at all.
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The system is used for portfolio diversification.
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iSystems is suitable not only for passive investors, but also for the users who develop their own automated systems for futures trading.
-
In order to gain access to automated strategies, a client needs to register a subscription.
Managed Futures
Managed futures is an asset that helps investors diversify their portfolio. It is not the simplest method of diversification, but it has a number of advantages.
-
Wide selection of CTA. The clients can choose from over 170 options to find the most suitable ones, taking into consideration their preferences and portfolio features.
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High liquidity of assets. Often, it is explained by the fact that the use of managed futures opens access to international markets for the investors.
-
Investors who choose the managed futures option can be involved in the working process passively.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Daniels Trading’s partnership program
The broker is focused on providing quality service and trading conditions to its clients, which allow them to earn active and passive income. For this reason Daniels Trading does not have a referral program.
Trading Conditions for Daniels Trading Users
The broker works both with the beginners and experienced traders, offering two types of trading accounts: Gain Capital for the novice traders or those using simple trading strategies and StoneX for more experienced market players. The clients also have two trading platforms to choose from. Daniels Trading provides personalized trading conditions taking into account the needs of the client and peculiarities of his/her trading. In particular, the broker has a minimum deposit of USD 2,000, but for the clients trading certain assets the minimum amount can be higher. The commissions are also set individually. The margin requirements depend on the instrument the trading is using.
from $2,000
Minimum
deposit
1:1
Leverage
24/7
Support
| 💻 Trading platform: | dt Pro, MultiCharts |
|---|---|
| 📊 Accounts: | StoneX, Gain Capital |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Cheques, domestic and international wire transfers |
| 🚀 Minimum deposit: | $2,000 |
| ⚖️ Leverage: | Marginal trading is available |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No data |
| 💱 Spread: | Set individually |
| 🔧 Instruments: | Futures, commodities, fiat currencies, energies, indices, finance, metals |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No data |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | No |
| ⭐ Trading features: | The amount of minimum deposit and commission may change depending on the markets the trader requires access to |
| 🎁 Contests and bonuses: | No |
Daniels Trading Commissions & Fees
Information
Traders Union specialists have analyzed trading conditions of Daniels Trading to reveal whether the broker charges its clients with trading and non-trading commissions. There is a trading commission, and its amount is calculated individually. As for the non-trading commissions, the broker charges withdrawal fee on withdrawals via a wire transfer and the inactivity fee.
| Account type | Spread (minimum value) | Withdrawal commission |
| StoneX | 0.25$ — 12.5$ | The fee for the wire transfer inside the country — $25, for international wire transfer — $30 |
| Gain Capital | 0.25$ — 12.5$ | The fee for the wire transfer inside the country — $25, for international wire transfer — $30 |
The broker confirms that it charges swap – a fee for the position rollover to the following day, but does not provide the exact amount of the commission.
Our specialists also analyzed commissions charged by other brokerage companies and compared them with Daniels Trading commissions. The results of the analysis are provided in the table below:
| Broker | Average commission | Level |
| Daniels Trading | $6.7 | Medium |
| Charles Schwab | $11 | High |
| Ally Bank | $4 | Low |
Detailed Review of Daniels Trading
Daniels Trading is a broker who works with active traders and investors. The company specializes in futures trading and offers optimal trading conditions for users with different levels of knowledge and professionalism. In particular, Daniels Trading offers accounts for the beginners and for experienced traders. In addition, the company provides access to options trading. Daniels Trading applies a personalized approach to each client, which is why such information as minimum deposit and the amount of trading commission is not specified on the website. Clients can receive this information after their first consultation with the company’s specialists.
Daniels Trading in figures:
-
$2,000 — minimum deposit at Daniels Trading.
-
The company’s operation is regulated by two authorities: CFTC and NFA.
-
The broker offers two main account types, with each of them having 5 types of ownership.
-
In the period of 2010-2019, the broker processed over 7.2 million contracts.
-
Daniels Trading has been providing financial services for over 25 years.
Daniels Trading is a broker for active traders and passive investors trading futures
Daniels Trading is built in a way that each person wanting to work with futures can find a suitable option. The company offers an opportunity to trade individually or use the broker’s assistance, provides investment programs for earning passive income and is prepared to work with specialists developing automated trading systems. In addition, all broker’s accounts have five types of ownership: individual account, joint account, trust, partner and corporate accounts. Traders can open several accounts and link them together for quicker access. The broker offers two trading platforms: dt Pro and MultiCharts. dt Pro features everything a trader may need for standard trading: charts, indicators, market reviews, automated trading, direct market access. MultiCharts is an option for more advanced market players, featuring an interactive productivity report, market scanner and also over 300 strategies and indicators. Users can trade in the web mode and from their mobile devices.
Useful services offered by Daniels Trading:
-
Blog. This section features all articles that can help traders and investors in their work: trading advice, strategies, articles on agrarian and futures markets.
-
Advisories. Daniels Trading provides consulting services and in this section a trader can select the topic they want to receive advice on: general, technical analysis, ag marketing. In addition, advice from third-party sources is also available to the clients in this section.
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Futures Calendars. This section is useful for the clients trading futures and options, as it features all important information: first notification days and the last days of trading for all futures contracts and also the dates of options expiry.
-
Contract Specifications. Here, the clients of DanielsTrading can review contract specifications. The information is split into categories: currencies, energies, metals, indices, etc.
-
Futures Calculator. The calculator will help investors calculate their potential profit or loss from a transaction on futures.
Advantages:
1
The broker provides optimal trading conditions for the beginners and professional traders.
2
Both active trading and investing are available to the company’s clients.
3
Daniels Trading allows the use of automated systems.
4
The funds of the clients are kept on separate, segregated accounts the broker has no access to.
5
All visitors of the website can contact customer support; it is not necessary to open an account for this.
6
Clients of Daniels Trading have access to individual trading and to trading with the broker’s assistance.
How to Start Making Profits — Guide for Traders
Daniels Trading offers two main account types: for the beginners and for professional traders or traders with special needs. All account types feature different types of ownership: individual accounts, joint accounts, trust, partner and corporate accounts. The broker provides an opportunity to open different trading accounts and link them together with the same username and password and switch between them when working.
Account types:
Account Type
Description
StoneX
These accounts are designed for the users using complex trading strategies. The account holders have access to 36 derivative exchanges, 175 currency markets and also securities markets, retail markets and two-sided liquidity platforms.
StoneX clients also have access to all goods and services related to commodities.
Gain Capital
This trading account is suitable for novice traders and traders who use simple trading strategies and also those who require access to iSystems. The holders of these accounts have direct market access, low-delay order execution and
assistance of qualified specialists.
Daniels Trading provides an opportunity to test its trading conditions without the risk of losing capital. For this, the user needs to submit an application for opening an imitation account.
NOTE! DanielsTrading provides services to the clients not from all countries. In particular, the broker does not work with the traders and investors from Canada.
Bonuses Paid by the Broker
Daniels Trading is a company that provides quality financial services, and access to active trading and to earning passive income. For this reason, DanielsTrading does not offer financial or other bonuses for trading. The company also does not hold any contests.
Investment Education Online
Information
The company’s clients not only have access to derivative markets, but also have an opportunity to develop and grow in trading. The section with free educational materials available to all users without limitations will help traders improve their professional level.
Information provided in the Education section
Information lacking on the Daniels Trading website
CME Group Resource Center
Video tutorials
Small Exchange Resources
Courses on trading futures
Futures trading guides
Articles on trading psychology
FAQ
Trader’s glossary
Order Entry Handbook
Webinars
Articles on trading strategies and working with futures
Articles on commodity futures
Podcasts and week reviews
The broker provides an opportunity to open an imitation account to try trading, test new trading strategies and check the conditions offered by Daniels Trading.
Security (Protection for Investors)
Information
Daniels Trading is under the oversight of the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC). CFTC ensures protection of the traders’ rights and makes sure that the broker observes the laws and rules set by the exchanges. The NFA license confirms that Daniels Trading fulfills its obligations.
DanielsTrading also guarantees confidentiality of personal data of all company clients, both current and former. The company collects personal data of users, provided during registration and also information on the transactions, solvency, credit history and documents the client provided for verification. Only a limited number of Daniels Trading employees have access to personal data of clients.
👍 Advantages
- The funds of the clients are kept on segregated accounts
- Interests of traders and investors working with DanielsTrading are protected
- Working with CFTC entails financial compensations for the broker’s clients in case the broker files for bankruptcy
👎 Disadvantages
- There is no accurate data on which technologies the brokers uses to protect personal data of clients
Withdrawal Options and Fees
-
The clients of Daniels Trading can use several methods for depositing and withdrawing funds: cheque, internal wire transfer or international wire transfer.
-
The company does not provide information on the timeframe of crediting the money to the trading account (for deposits) or personal bank account of the client (for withdrawals).
-
The broker charges a withdrawal fee on withdrawals via a wire transfer. The fee for domestic transfer is $25 and for international transfer - $30.
Customer Support Service
Information
To resolve the issues related to trading, registration, transactions and other features, the clients of Daniels Trading can contact the broker’s customer support. The broker’s employees will provide qualified assistance and answer your questions.
👍 Advantages
- Multiple methods of contacting the company
- Both current clients of Daniels Trading and unregistered visitors of the website can contact customer support
👎 Disadvantages
- No callback feature
- The operating hours of customer support are not specified
There are several methods of contacting the specialists of the support team:
-
A message in the online chat on the broker’s website;
-
Feedback form;
-
Email;
-
A call on a toll-free or international number;
-
Fax.
Representatives of DanielsTrading can also be found on social media, such as Facebook and Twitter.
Contacts
| Foundation date | 1995 |
| Registration address | 100 S Wacker Dr Suite 1225, Chicago, IL 60606, United States |
| Official site | https://www.danielstrading.com/ |
| Contacts |
Phone:
+1.800.800.3840
|
Review of the Personal Cabinet of Daniels Trading
The traders who opened an account with Daniels Trading can use the services and evaluate the advantages of the broker. This requires following a step-by-step instruction below:
1
Access the broker’s official website. In order to open a new account, click on the Sign Up button in the top right corner of the screen.
2
Review the advantages of the broker and then provide brief personal information: First Name, Last Name, Email, Phone Number, Experience in Trading Futures (novice trader, investor, etc.). Come up with a password you will use to access your account.
3
Confirm your password by entering it once again and click on Activate Your Profile.
4
The account with Daniels Trading has now been opened.
5
The following features are available to trader in the Personal Account:
Dashboard. When a trader opens an account, the access to trading will not be granted. For this, a trading account needs to be created – click on Open a New Account here.
Contact Information. In this section, a trader can update personal data, including email, name, password and investing experience.
My Products. Here you can see the broker’s services the registered client is currently using.
Available Products. This section features a list of all products the trader has access to at this moment.
Calendar. This section features information about trading futures, options on futures, which the traders can use in their work.
Downloads. This page shows documents traders can review and download for their further use.
History. This section shows all actions, which the holder of the account performed throughout the entire period of working with the broker.
Dashboard. When a trader opens an account, the access to trading will not be granted. For this, a trading account needs to be created – click on Open a New Account here.
Contact Information. In this section, a trader can update personal data, including email, name, password and investing experience.
My Products. Here you can see the broker’s services the registered client is currently using.
Available Products. This section features a list of all products the trader has access to at this moment.
Calendar. This section features information about trading futures, options on futures, which the traders can use in their work.
Downloads. This page shows documents traders can review and download for their further use.
History. This section shows all actions, which the holder of the account performed throughout the entire period of working with the broker.
Other actions and features will become available to the trader once he/she opens a StoneX or Gain Capital trading account.
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FAQs
Do reviews by traders influence the Daniels Trading rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Daniels Trading you need to go to the broker's profile.
How to leave a review about Daniels Trading on the Traders Union website?
To leave a review about Daniels Trading, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Daniels Trading on a non-Traders Union client?
Anyone can leave feedback about Daniels Trading on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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