Frequently Asked Questions
Who is Sonic Futures & Options?
Sonic Futures & Options is a deep discount futures and options trading broker located in Irvine, CA. Our mission is to provide commodity futures traders with immediate access to the futures markets using the latest trading technology in the online futures trading industry. We strive to be the #1 Commodities Futures Broker by providing futures traders with what we feel to be the best customer service and support in the industry along with extremely competitive commission rates.
What kind of account can I open with Sonic Futures & Options?
You can choose to open an IRA, Individual, Joint, Partnership, Corporate, Foreign, Trust, or Hedge Account!
Can I open an account if I live outside the United States ?
Absolutely! We welcome clients from all over the world.
What is the Minimum Account Size?
The minimum account size is $2000! There is no minimum balance requirement after the initial deposit.
How do I open an account?
There are several ways you can open an account. You can either complete an online application, download the forms off our web site, or simply have an application mailed to you!
What is your fee schedule?
| Service |
|
Amount |
| Wire Transfer In
|
|
Free
|
| Wire Transfer Out (Domestic)
|
|
$25
|
| Wire Transfer Out(International)
|
|
$60
|
| Check Issued (Domestic or International)
|
|
Free
|
| Check Issued Overnight (Domestic)
|
|
$25
|
| Check Issued Overnight (International)
|
|
$60
|
| Deliveries
|
|
Up to $250 per contract plus applicable delivery costs.*
|
| Retender
|
|
Up to $250 per contract plus applicable costs associated with any delivery.*
|
| Margin Call Liquidation
|
|
$49 per contract
|
| Stop Payment Fee
|
|
$45
|
| Telephone Orders
|
|
Free, no charge
|
| Insufficient Funds/Returned Item
|
|
$45
|
| Maintenance Fee
|
|
Clients whose account balance is less than $25,000 at the end of each quarter and who have not placed five sides per month or have not logged in to their trading account within that quarter are subject to $100 quarterly maintenance fee.
|
| Platform Surcharge
|
|
Clients who use the web based platform 20 hours or the Firetip Platform for 10MB (approx 20 hours) per month without placing five sides are subject to a platform surcharge of $125 monthly.
|
More Questions?
Please contact one of our licensed commodity brokers at 1-800-341-7350
or send us an email.
|
