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Transact Futures

About.com Rating 2

By Adam Milton, About.com

Reliability

Like any brokerage, Transact Futures can have problems with their trading or market data systems, but in general Transact Futures can be considered a reliable brokerage.

Recommendation

Transact Futures is only a good choice for day traders that make at least 18 trades per day, so they would work for traders whose style included scalping (making many small, quick trades, throughout the day). Transact Futures does not offer the ease of use that beginning day traders would appreciate, but they might offer enough flexibility for more advanced day traders. The markets that they offer are limited, so they are not suitable for traders that want to trade a variety of different markets. Their lack of Internet accessibility will make them difficult to contact, and therefore not a good choice for traders located outside the US. In conclusion, Transact Futures may be a fine brokerage, but should probably be avoided if you are a beginning day trader.

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