What is EdgeClear – Is EdgeClear the Best Broker to Trade Futures With?
EdgeClear is a futures brokerage firm led by award-winning industry experts who understand the complexities of trading (clearing, execution, data, software, tools, etc.). Their mix of customer service, technology, and cost is unmatched within the space.
It was founded in 2019 by Morad Askar (also known as FuturesTrader71 or FT71 within the online trading community) and has quickly earned a reputation for providing top-notch customer service and innovative technology, paired with low commission rates.
Typically, with other brokerage firms, excellent customer service and technology come at a cost (high, and sometimes hidden, commissions and fees). But with EdgeClear, you don’t have to sacrifice service or technology for cost (or vice versa) – you get it all.
We’ll talk about some of the technology that EdgeClear has to offer shortly, but to me, the most impressive aspect is their customer service. Based on their responsive and transparent support, they genuinely care about building long-term client relationships.
Whether it’s Morad Askar himself (Founder), Max Timmins (Director of Brokerage Operations), Ian Blanke (Senior Broker), or Giancarlo Saraceno (Broker) – each EdgeClear customer is assigned a personal representative to assist them in any way they can.
The EdgeClear team has worked closely together for years. They’re friendly, honest, and obsessively focused on serving traders.
What is EdgeProX – Is it the Best Futures Trading Platform Available?
EdgeProX is EdgeClear’s in-house futures trading platform that connects to exceptionally fast and reliable data feeds (Rithmic, CQG, or IQFeed). It also runs on efficient Java code that is supported by Windows, macOS, and Linux operating systems.
In addition to connectivity and speed, the platform boasts incredibly user-friendly charts that can be customized in a multitude of ways to fit your specific needs based on individual trading style (various chart templates, bar types, and 300+ built-in studies/indicators).
But my personal favorite features of EdgeProX are the order flow tools (which are ideal for individuals who trade based on auction market theory) – advanced depth of market, volume imprint, volume profile, market profile (TPO), order flow heat map, and more.
The platform also offers simulation and replay modes for getting comfortable with the platform, testing new strategies, and reviewing the action from previous sessions. These are critical components for developing your market edge and personal trading skills.
The EdgeWatch software is also worth mentioning, which allows you to track important trade data/statistics and measure/optimize your performance. It’s essentially a built-in trade log/trade tracking tool for EdgeClear and Rithmic users.
EdgeWatch is free and EdgeProX offers a free 14-day demo. The EdgeClear team also provides tutorials and personal walk-throughs.
The Wrap Up – My Overall Thoughts on EdgeWatch, EdgeProX, and Edge Clear as a Whole:
Overall, EdgeClear offers a personal touch that is unparalleled within the brokerage industry. But the benefits don’t stop at exceptional communication – their uncommon level of service extends into the data, technology, and commissions they offer as well.
Whether you need help with platform setup, improving execution speed, resolving a clearing issue, implementing automatic daily loss limits, or anything else – the EdgeClear team has the integrity and expertise to assist. They’re truly raising the bar in the industry.
It’s honestly difficult to say anything bad about them. In my experience, they’ve been highly transparent with their answers/responses to my individual questions and needs. There’s no smoke and mirrors going on. All commissions and fees are clear and simple.
But based on Morad Askar’s personal track record as a trader and trading coach/mentor that spans decades, I’m not surprised at all. He’s also the founder of Convergent Trading – a trader development community free from the usual gimmicks of the industry.
For more information on Morad’s background, his thoughts on trading and brokerage, and his own personal trading style – I highly recommend checking out the podcasts he’s been featured on: Futures Radio Show, Chat With Traders, and Behind the Screens.
In my opinion, EdgeClear is a brokerage firm that can greatly benefit any level of futures trader – from beginner to expert.
Written by Matt Thomas (@MattThomasTP)
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