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problems with ANCO Discount Futures


  • To: "Omega email list (E-mail)" <omega-list@xxxxxxxxxx>
  • Subject: problems with ANCO Discount Futures
  • From: "Schedlbauer, Joseph E." <JoeS@xxxxxxxxxxx>
  • Date: Thu, 30 May 2002 11:57:39 -0700

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I recently had a bad experience with ANCO Discount Futures.  Their web site
has an advertisement for $9 round turn commissions, so I thought I would
give them a try.  It wasn't worth it.  They charge so many fees that the
round turn commission is actually more like $20 a round turn.  So I
transferred my account.  They charged me $100 to do that.  Also, their
on-line trading system leaves much to be desired.  It frequently rejects
valid orders and can't keep the total equity accurate.

Needless to say, I recommend staying far, far away from ANCO "Discount"
Futures.