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I recently had a bad experience with ANCO Discount Futures. Their web site
has an advertisement for $9 round turn commissions, so I thought I would
give them a try. It wasn't worth it. They charge so many fees that the
round turn commission is actually more like $20 a round turn. So I
transferred my account. They charged me $100 to do that. Also, their
on-line trading system leaves much to be desired. It frequently rejects
valid orders and can't keep the total equity accurate.
Needless to say, I recommend staying far, far away from ANCO "Discount"
Futures.
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