TransAct Futures

TransAct Futures is a Futures Commission Merchant (FCM) registered in the United States, established on March 19, 2019. The company is headquartered at 21805 W Field Pkwy, Suite 360, Deer Park, Illinois 60010. It operates as a d/b/a of NinjaTrader Clearing, LLC, which also does business as NinjaTrader and Tradovate, indicating a consolidated clearing and trading services group.

Despite being an FCM, FXCanary's records show no regulatory licenses on file. However, FCMs in the US are typically regulated by the Commodity Futures Trading Commission (CFTC) and must be members of the National Futures Association (NFA). Independent verification of current regulatory status is advised.

The broker is aimed at active futures traders, including those trading E-minis, Dow Jones, bonds, metals, and stock index futures. It positions itself as a discount futures broker with low commissions and margins, appealing to both retail and professional traders. The platform's integration with NinjaTrader suggests a focus on US-based clients, though the website detects international visitors.

TransAct Futures offers services to traders of all levels, as evidenced by its 'Arena' risk-free trading environment and educational resources. However, its primary market appears to be experienced traders seeking direct access to global electronic futures markets.

The broker provides access to the award-winning NinjaTrader platform, along with its proprietary TransActAT platform. According to the website, the platform includes over 40 built-in trading tools, customizable settings, and continuous feature updates. Users can also participate in live daily streams through 'NinjaTrader Live' to enhance their trading skills.

In addition, the broker offers a trade simulation environment and a risk-free competition called 'The Arena'. These tools are designed to help traders practice strategies without financial risk. The platforms appear to be downloadable or web-based, with support for advanced charting, order types, and market analysis.

The website does not clearly list specific account tiers or minimum deposit requirements. It claims 'no deposit minimum*' with an asterisk, suggesting terms may apply. Commissions are described as 'low', and margins as 'low', but exact figures are not provided on the main page. The broker does, however, emphasize cost-effective trading for active users.

Account opening likely involves standard KYC procedures for US futures brokers. As an FCM, TransAct Futures is required to segregate customer funds, but prospective clients should verify the firm's financial standing and regulatory compliance independently.

TransAct Futures advertises 24-hour live support on trading days, with a dedicated help desk staffed by personnel with technical expertise. The website provides a contact form and a support page detailing integrated support that handles both account and platform issues.

Educational offerings include training resources for the TransAct platform, covering feature updates, platform tools, and settings. The broker also hosts 'NinjaTrader Live' daily livestreams, which serve as an educational tool for traders of all levels. These resources are accessible on the website under a 'Training' section.

A publicly available financial statement dated December 31, 2022, for NinjaTrader Clearing, LLC (d/b/a TransAct Futures) indicates that the firm undergoes annual audits by an independent registered public accounting firm. The statement includes a computation of net capital and minimum capital requirements, suggesting compliance with US FCM capital adequacy rules.

However, FXCanary's risk assessment scores this broker 75/100 (Severe), citing a lack of regulatory licenses on file. While the financial audit is a positive indicator, the absence of confirmed NFA/CFTC membership in our records raises concerns. Traders should independently verify regulatory status before engaging.