What Are the Key Features of Ironbeam?
Key Features of Ironbeam
Ironbeam is an online futures broker that is registered with the Commodity Futures Trading Commission. It offers access to the most popular global futures markets and a variety of trading products including E-mini and E-micro futures contracts ($ES and $MES). The company is also committed to providing advanced technology, tools, and research for traders who want to maximize their profits.
The free Ironbeam app is designed for the modern trader with speed, customization and cross-platform functionality at the forefront. It has desktop, web and fully-featured mobile applications that work seamlessly across devices. Traders can create the same workspace on any device and receive real-time market data and lightning-fast executions. Ironbeam is also an official broker partner of TradingView, a powerful charting platform with unique social features.
In addition to its own downloadable futures broker platform, Ironbeam offers access to 3rd party trading platforms through its CQG Desktop software. CQG Desktop is fully integrated with the Ironbeam brokerage platform and provides an abundance of real-time market data for traders to analyze and find trading opportunities. The software supports a full range of order types and can be used to automate trades with built-in or custom trading strategies. Traders can also use the CQG API (Application Programming Interface) to connect to their account and execute trades from other 3rd party programs.
What Are the Key Features of Ironbeam?
With a dedicated data connection to the exchange, Ironbeam’s app delivers low day margins on more than 75 futures contracts. Traders can build and customize their own order types and strategies and execute trades in microseconds. They can also set up server-side alerts for specific orders or prices and monitor their positions on the go with mobile apps. The Ironbeam app has a robust order flow analysis tool called Bookmap that allows users to visualize market liquidity at 40 frames per second. Ironbeam has also integrated the award-winning Jigsaw Daytradr with its platform to provide order flow analytics and advanced execution.
Unlike some other brokers, Ironbeam does not offer a commission-free demo account for traders to practice with before opening an account. However, it does provide a number of educational resources and webinars for new traders to learn the basics of trading. It also offers an active forum for its customers to share trading ideas and strategies.
According to the Customer Agreement, GPPB was required to keep enough money in its accounts to meet the “applicable… margin requirements,” which were established by Ironbeam. The agreement further provided that if GPPB did not maintain sufficient funds, Ironbeam had the right to close out or liquidate any of its open positions. In addition, GPPB agreed to back-stop its obligations under the contract by agreeing to a personal guarantee that he would personally guarantee “the prompt and full performance of all of the duties and obligations of Customer.” Dckt. No. 59, Ex. B.