Details About the Broker in the TransAct Futures Review

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TransAct Futures is a regulated US broker. This provider offers futures trading on its proprietary platform available for desktop and mobile.

Although the broker is regulated, that doesn’t mean there cannot be any issues. If you’re interested in trading with this broker, please read the TransAct Futures Review first.

Let’s first analyze the legal background of TransAct Futures. In early 2021, this brokerage, along with its wholly-owned subsidiary Infinity Futures, was acquired by NinjaTrader Clearing LLC.

However, we should point out that three regulatory actions were initiated against TransAct Futures and Infinity Trading – in 2012, 2013 and 2020. According to the NFA’s website, the CFTC fined the company 130,000 $ in 2012, and the action also included a cease and desist order.  

Aside from its home country of the US, TransAct Futures provided services to traders from other regions as well. Here’s a full list of countries where TransAct Futures was active:

The data from similarweb.com shows that as much as 95.07% of website visits were made by US residents, at the time of this writing. The website averaged 40k-50k visits over the past three months. 

There are several reviews of TransAct Future on various trading forums. We didn’t find a complaint that indicated or provided evidence of fraud. 

Some have complained about high fees but the feedback is generally positive. We decided to go with a WikiFX user review as the website is pretty scrutinizing and reliable when it comes to brokers.

Great experience with TransAct Futures so far, very good customer service with direct communication with your account manager. He has been very supportive so far with frequent calls regarding my account. Very positive and looking forward to seeing where it goes.

TransAct Futures offers a proprietary platform – TransAct AT. This software is web-based and also available for mobile (Android & iOS systems).

TransAct AT is a single and multi-account brokerage trading platform with customizable features, suitable for active scalpers, inter-market spreaders, and arbitrage & position traders. 

The trading terminal offers integrated charting, meant to enhance one’s trading experience and keep the trader up to date with market conditions. Chart views can be saved and used for coming trading sessions.

TransAct AT also offers reliable Depth of Market. Traders’ positions can be tracked in the integrated AT Charts. The execution is lightning-fast and market data is collected from the CME and EUREX markets. 

TransAct Futures offers only futures trading, as the name suggests. Futures can be traded in a variety of markets such as stocks and commodities.

By definition, a commodity futures contract is an agreement to buy or sell a particular commodity at a future date. The price and the amount of the commodity are fixed at the time of the agreement.

Commodity brokers usually allow traders to set leverage between 1:10 and 1:20, depending on the contract. Stock futures are traded at lower leverage.

At the bottom of TransAct Futures’ website, the broker disclaims that “trading of virtual currencies and Bitcoin futures carries additional risk,” so we suppose that you can trade BTC futures as well. It should be noted that this type of trading is not for beginners as futures are complex and volatile. 

According to the website, TransAct Futures offer a risk-free demo account. This type of account doesn’t include commissions, exchange fees or NFA fees, which are charged when using a live account.

Demo accounts use virtual funds and allow traders to get acquainted with the platform. It is not intended to mimic trading results in a live trading environment but is nevertheless a useful tool before investing real money.

Since TransAct Futures is a regulated broker, it’s liable to segregate clients’ funds in a top-tier bank. The broker provided detailed information about the bank account to which the deposit money should be transferred.

Thus, it seems that this broker only accepts payments via wire transfers, to Harris Bank in Chicago. The available currencies include USD, EUR, AUD, and GBP. There are also instructions for foreign accounts.

If you have issues with TransAct Futures, please tell us more about it. Notify our team if you have evidence that TransAct Futures violated any terms and conditions.

If you’re having withdrawal issues, Global Fraud Protection can help you get your money back. Book a free consultation with us and we will discuss the next steps.

If you have issues with this broker, contact us for help. Use Online Chat to book a free consultation with us and learn what you should do.

TransAct Futures is regulated by the CFTC and the NFA and seems like a legit broker. Still, if you have issues, call us.

Yes. TransAct Futures offers a risk-free demo account so you could see the platform.

Although TransAct Futures’ platform is web-based, it does offer advanced features and neat tools for trading.

TransAct Futures is regulated by the CFTC and the NFA and seems like a legit broker. Still, if you have issues, call us.

Yes. TransAct Futures offers a risk-free demo account so you could see the platform.

Although TransAct Futures’ platform is web-based, it does offer advanced features and neat tools for trading.

The post Details About the Broker in the TransAct Futures Review appeared first on Global Fraud Protection.

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