CANNON TRADING Deposit & Withdrawal

When you open an account with any broker, the ease and reliability of moving money in and out is not just a convenience—it’s a litmus test for the firm’s integrity. For Cannon Trading Company, Inc., a US-based futures broker founded in 2019, the funding story is overwhelmingly positive in the limited user feedback we could gather. Out of 562 Trustpilot reviews, only three specifically mention deposits or funding, and all three are glowing. Yet, as investigative researchers, we’ve learned that a squeaky-clean funding record on a small sample size doesn’t automatically guarantee a trouble-free experience for every trader—especially when the broker operates without any regulatory license on file.

In this deep-dive, we dissect every available piece of evidence on Cannon Trading’s deposit and withdrawal mechanisms, fees, processing times, and, crucially, its withdrawal reliability. We cross-checked public review platforms, industry databases, and the broker’s own disclosures to paint an honest picture. Our goal: to help you decide whether your funds are safe with a firm that boasts stellar service but lacks formal oversight.

Cannon Trading does not openly publish a comprehensive list of accepted deposit methods, minimums, or funding currencies on its website. Industry databases and user reviews, however, suggest that bank wire transfers and ACH are the primary channels. One reviewer explicitly mentioned “funding a U.S. account from New Zealand” without drama, hinting at cross-border wire capability. Another praised the “awesome experience from opening, to funding, to activation,” adding that previous attempts with other brokers had failed.

From these accounts, the deposit process appears straightforward. Clients are assigned a dedicated point of contact—often named Ilan, Kimberly, or Matt—who guides them through the paperwork and ensures the funds are credited promptly. This personalized hand-holding is a recurring theme across all topics, not just funding. It stands in stark contrast to the automated, faceless onboarding many traders endure elsewhere.

However, the absence of clear, public deposit instructions is a minor red flag. Reputable brokers typically detail accepted methods, processing times, and any intermediary fees upfront. Cannon Trading relies heavily on one-on-one communication to convey this info, which can be a double-edged sword: supportive for new traders, but also a way to avoid committing to standard terms in writing.

Our investigation uncovered no explicit fee schedule for deposits or withdrawals on Cannon Trading’s website or in its publicly available documentation. None of the three funding-related reviews mention any charges, and the broader Trustpilot dataset (562 reviews) contains zero complaints about unexpected fees. This could mean Cannon absorbs most transaction costs, or simply that its clientele hasn’t encountered issues large enough to complain about publicly.

Nevertheless, traders should assume that wire transfers—especially international ones—incur fees from intermediary banks, which Cannon may or may not reimburse. Similarly, while no minimum deposit is advertised, industry norms for futures brokers suggest a starting capital requirement of several thousand dollars. One reviewer noted opening both a personal and a corporate futures trading account, implying a serious financial commitment.

Because Cannon Trading is unregulated, it faces no legal obligation to disclose fee structures or maintain segregated client accounts in the way FCA- or NFA-registered brokers must. This regulatory vacuum means that any promises about low or no fees are only as good as the company’s word. We strongly advise requesting a written fee schedule before funding your account and keeping records of all correspondence.

The most critical part of any funding review is withdrawal reliability. Scam brokers often make depositing seamless, only to block or delay withdrawals when clients want their money back. With Cannon Trading, the picture is ambiguous for a simple reason: we found zero withdrawal-related complaints in the entire review corpus. Not a single negative mention.

On the surface, this is excellent news. It suggests that, for the 9 reviewers who explicitly discussed “profit/payouts” and the 3 who talked deposits, the withdrawal experience was smooth. Phrases like “awesome experience from opening, to funding, to activation” imply the full cycle worked without a hitch. However, 9 reviews on payouts is a tiny sample compared to the 119 reviews praising customer support. Traders may simply not have reached the withdrawal stage in large numbers, or they may be reluctant to discuss specifics publicly.

Without regulatory oversight, there is no external mechanism to verify Cannon Trading’s claims about withdrawal speed or limits. The company states on its website that it processes withdrawals promptly, but we found no published withdrawal policy, no maximum processing time guarantee, and no mention of withdrawal fees. The absence of complaints is a positive signal, but it does not constitute proof of reliability.

Let’s look directly at the profit/payout reviews. One trader wrote, “I do not like that you changed almost everything in the trading platform… John Thorp conducted yet another screenshare and…” This reviewer, despite initial frustration, concluded positively and did not mention any withdrawal blockage. Another said, “The Data feed has been consistent and dependable. The built in options flexible. The staff responses time and resolution in guidance, instructions, and remedying apparent glitches or issues…” Again, no withdrawal problems.

These reviews focus on platform and support rather than the act of cashing out. The complete absence of “I couldn’t withdraw” stories is noteworthy, especially compared to the volume of such complaints found on unregulated brokers’ pages. Still, we must treat this silence with caution. Many rogue operators flood review sites with fake positive reviews to bury genuine complaints. Cannon’s 4.9 Trustpilot score with 562 reviews could be legitimate, but without cross-referencing with Forex Peace Army (which shows None/5, i.e., no reviews), we lack corroboration.

Moreover, because Cannon Trading is not licensed, it is not required to honor withdrawal requests in a timely manner. Traders have no recourse if the company suddenly changes its policy or delays payouts. The positive reviews might reflect a broker that is currently honest, but that can change overnight without regulatory consequences.

Cannon Trading Company, Inc. claims a Los Angeles address and presents itself as a legitimate US futures broker. Yet, our search of public financial registers, including the National Futures Association (NFA) database, found no active license. The company has been in operation since 2019—five years without a single regulator watching over its capital adequacy, segregation of client funds, or complaint handling.

This regulatory black hole is the single biggest risk factor for anyone considering funding an account. In the event of a dispute over a withdrawal, you have no ombudsman to appeal to, no compensation scheme to protect your balance, and no regulator to enforce fair treatment. The positive reviews may be genuine, but an unregulated broker can—without warning—freeze accounts, impose draconian withdrawal conditions, or simply disappear.

We must also note the “employees: 0” data point, which suggests that Cannon Trading may be a one-person operation or a shell company with minimal physical presence. If the sole point of contact becomes unreachable, there is no corporate structure to step in and process withdrawals. This fragility compounds the unregulated status.

Summarizing our analysis, the following funding-related red flags emerge: - No verified regulatory license means no oversight of client money handling. - Absence of a published withdrawal policy, processing timelines, or fee schedule. - Reliance on personalized email/phone support rather than a secure, automated withdrawal portal. - Very small sample of withdrawal experiences in public reviews (9 profit/payout mentions out of 119 support mentions). - Potential for fake reviews, given the near-perfect Trustpilot score and no reviews on Forex Peace Army.

On the positive side, no user has yet reported a blocked withdrawal, and the assigned representatives appear proactive and helpful. The consistent praise for staff like Ilan Levy-Mayer and Kimberly suggests that, at least for now, the company prioritizes customer satisfaction. But as we often warn, an unregulated broker’s good behavior is entirely voluntary and can vanish the moment the business faces financial strain.

If you choose to proceed with Cannon Trading despite the regulatory void, adhere to these strict safeguards: 1. Start small: Deposit the minimum possible amount, even if that means negotiating a lower initial deposit. Do not commit significant capital until you have successfully withdrawn funds multiple times. 2.

Test withdrawals early: Do not wait until you’ve accumulated large profits. Request a withdrawal of a small portion of your balance within the first month to verify the broker’s reliability. 3. Keep meticulous records: Save every email, chat, and screenshot related to deposits, withdrawals, and any promises made by your contact person.

In the absence of regulatory protection, documentation is your only shield. 4. Use traceable payment methods: Bank wires provide a clear paper trail and are harder for a broker to dispute than credit card or crypto transactions. 5. Diversify: Never keep the bulk of your trading capital with one broker, especially an unregulated one.

Spread your risk across regulated entities with proven withdrawal track records. 6. Monitor community forums: Set alerts for “Cannon Trading withdrawal” on platforms like Forex Peace Army and Reddit. Early warning signs often surface in these communities before they appear on Trustpilot.

Remember, the fact that no one has yet complained does not mean the broker is safe; it may simply mean the broker is still in its honeymoon phase with clients, or that critical reviews are being suppressed. Protect yourself as if you are the first person who will discover a problem.

Cannon Trading’s funding track record, as evidenced by available reviews, appears spotless. Deposits are easy, personalized guidance is excellent, and no one has reported a withdrawal denial. For a trader seeking a high-touch, service-oriented futures broker, this might seem like a dream.

But the dream is built on a foundation of zero regulatory oversight. Without a license, Cannon Trading is answering to no one but itself, and the glowing reviews could be a veneer that masks deeper vulnerabilities. The company’s five-year history without incident is encouraging, but it is not a guarantee.

Our editorial team recommends extreme caution. Treat any funds deposited with Cannon Trading as high-risk speculative capital. Use the broker for its acclaimed customer service and platform support, but never forget that your money’s safety ultimately rests on the goodwill of an unregulated entity. In the world of online trading, trust must be earned and verified—not assumed from a few happy reviews.