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| 1. How do I get started? |
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Opening an account is easy and can be completed in usually less than 48 hours. Click here or on the "New Account" link above to contact a broker.
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| 2. Who is Rosenthal Collins Group and what do they do? |
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Empire utilizes Rosenthal Collins Group for our clearing and trading execution services. RCG, based in Chicago and New York, has been in business since 1922. They are one of the fastest growing and largest FCMs in the world, with over 15 branches and assets of over $2 Billion.
As a full-clearing Futures Commission Merchant (FCM) for over 80 years, RCG offers a depth of knowledge and attention to detail, unrivaled in the futures industry today.
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| 3. What types of accounts can I open? |
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Account Types
RCG accepts the following types of accounts:
Need Help?
If you have questions about our account application process, or if you have technical problems with our online or downloadable forms, please e-mail us at info@empirefutures.com. Our New Accounts Staff will be glad to assist you.
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| 4. What can I trade in my RCG account? |
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As a full-clearing Futures Commission Merchant (FCM) for over 80 years, RCG offers a depth of knowledge and attention to detail, unrivaled in the futures industry today. We recognize that all of our clients expect and deserve:
- Timely fill reports and open order status
- Accurate position reports
- Correct account balances
- Speedy processing of deposits and withdrawals
- Correct, reasonable commissions and fees
- Friendly, personal service from attentive staff
At RCG, we focus relentlessly on these client mandates each and every day. In addition, we believe that our extensive reach allows us to provide you with many avenues to trade globally.
We are proud to hold Full Clearing Memberships at the following exchanges:
- Chicago Mercantile Exchange (CME)
- Chicago Board of Trade (CBOT)
- New York Mercantile Exchange (NYMEX/ COMEX)
- ICE Futures U.S. (Formerly New York Board of Trade)
- ICE Futures Europe
- ICE OTC
- London Clearing House (LCH)
- Dubai Mercantile Exchange (DME)
- Fixed Income Clearing Corp. (FICC)
Thanks to our extensive relationships with several other FCMs, we are able to offer access to many other worldwide exchanges. These include:
- Kansas City Board of Trade (KCBT)
- Minneapolis Grain Exchange (MGEX)
- London Metal Exchange (LME)
- Montreal Exchange (MX)
- Italian Derivatives Exchange Market (IDEM)
- Spanish Official Exchange for Financial Futures & Options (MEFF)
- Singapore Exchange Limited (SGX)
- Tokyo Financial Exchange (TFX)
- Tokyo Commodity Exchange (TOCOM)
- Tokyo Stock Exchange (TSE)
- Hong Kong Futures Exchange (HKFE)
- Sydney Futures Exchange (SFE)
- CBOE Futures Exchange (CFE)
- Bursa Malaysia
- Osaka Securities Exchange (OSE)
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| 5. Can I access my account online? |
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Going paperless with RCG is simple, when you signup for electronic statements you get access to RCG Passport. RCG Passport is an invaluable, online resource for both brokers and clients, providing up-to-date information on all trading account activity. Electronic trades are displayed within minutes of trade execution, and open outcry trades are displayed within minutes of key punching on the floor. There are numerous advantages to using RCG Passport as your business tool including:
- Monitor all trades and open positions on an intraday basis
- Retrieve and print your daily and monthly account statements
- View your daily account cash balance and transactions including your open trade equity, liquidating value and withdrawable funds
- Track all margin calls to monitor your risk or that of your customers
To access RCG Passport, please click here.
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| 6. Can anyone steal my money? |
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How U.S. Regulations Protect Your Futures and Options on Futures Funds
Pursuant to the Commodity Exchange Act and Commodity Futures Trading Commission (CFTC) regulations, Rosenthal Collins Group LLC (RCG), a Futures Commission Merchant (FCM), is required to treat all customers' money, securities and other property received to margin, guarantee or secure futures or options on futures trades, as customer property. With regard to futures and options on futures accounts, RCG is required to account separately for and segregate customer money, securities and property and not to commingle those assets with RCG's own operating assets. Customers' segregated assets cannot be used to margin any other person's trades. These segregation requirements apply to futures and options trades on exchanges located in the United States.
Regulatory Enforcement
With regard to futures and options on futures accounts, the CFTC has consistently taken a stringent enforcement approach to its regulations requiring FCMs, such as RCG, to segregate customers' assets. RCG's compliance with the CFTC's segregation and related recordkeeping rules is monitored, not only by the CFTC, but also by the "self-regulatory organizations" (e.g. the Chicago Mercantile Exchange) to which ongoing examination and surveillance of RCG's compliance is delegated. Enforcement penalties resulting from violations of these requirements may be quite severe.
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