There's really no need to discuss the issues in this thread since there's another venue on the forum but clearly there is some turmoil with some futures brokers at present and there are a number of traders switching broker. Personally I think it has been very enlightening in revealing the brokers that I would prefer not to do business with.

I'm considering changing broker and am looking at different factors, I found that the CFTC publish financial data on FCMs, so you can consider factors such as adjusted net capital, customer segregated funds etc for each FCM relative to each other.

See link below to PDF from the CFTC website with the latest data published;

https://www.cftc.gov/ucm/groups/public/@financialdataforfcms/documents/file/fcmdata1013.pdf

This thread is to discuss the financial health of brokers.

Another worthwhile link is the NFA where you can search for regulatory actions taken against any futures broker https://www.nfa.futures.org/basicnet/

Apologies if the CFTC link exists elsewhere on the forum, I couldn't find anything.

Regards

PD

There's an article on Bloomberg from January last year looking at the ratio of excess capital relative to net adjusted capital for FCMs. May also be of interest.

"Adjusted net capital is the amount of regulatory capital available to meet the minimum net capital requirement as set by the CFTC. Excess net capital is the amount by which adjusted net capital exceeds the net capital requirement. The higher the ratio, the more capital the firm has available beyond what is required."

CFTC-Registered Firms? Excess to Net Capital Ratios - Bloomberg

Similar thread here:

Due Diligence: NFA Search for IB's, FCM's, CTA's, etc... Suggestion to Big Mike to organize a webinar so I (and no doubt many others!) better understand crucial basics like: - What is an IB? - What is the difference between an IB and FCM? Where to look at as a retailer trader? - Where can I see who is a …

Mike