Three top NFA-regulated Futures Commission Merchants: R.J. O’Brien, StoneX, and Phillip Capital.
Wisdom Trading is an Independent Introducing Broker, which means client funds are never held by us directly. Every account is cleared through one of three top-tier Futures Commission Merchants (FCMs). All three are NFA-regulated, hold client funds in fully segregated accounts as required by US futures regulation, and have decades of operating history.
Why We Offer Three FCMs (Instead of One)
Most introducing brokers route every client through a single clearing relationship. That’s simpler for the broker but worse for the client: it means one platform, one fee schedule, one set of exchange relationships, and a single point of operational risk. We do it differently. Three FCMs gives our clients real choice based on what they actually trade and how they actually trade it.
- Exchange access — different FCMs have different strengths across CME, ICE, Eurex, and Asian exchanges
- Platform compatibility — CQG, TradeStation, NinjaTrader, MetaTrader, and proprietary tools route through different FCMs differently
- Account minimums and fee structures — vary by FCM and by trader profile
- Geographic and jurisdictional fit — US, non-US, commercial, institutional considerations
- Operational redundancy — if one FCM has a platform outage, we have alternatives
R.J. O’Brien
One of the largest independent Futures Commission Merchants in the United States, founded in 1914 and based in Chicago. R.J. O’Brien clears more futures and options contracts than almost any other FCM, with a particularly deep presence in agricultural, energy, and financial futures.
Strengths for our clients:
- Deep US futures markets — CME Group (CME, CBOT, NYMEX, COMEX) and ICE
- Long-established floor and electronic execution capabilities
- Robust agricultural and energy clearing infrastructure
- Strong fit for systems traders and active discretionary traders
- Extensive platform compatibility including CQG, TradeStation, NinjaTrader
StoneX
Global financial services firm (formerly INTL FCStone) with deep commodity-market infrastructure and operations across more than 80 countries. StoneX serves institutional, commercial, and retail clients in physical commodities, financial markets, and global payments.
Strengths for our clients:
- Global commodity infrastructure — metals, energy, grains, and softs
- Strong currency and FX clearing capabilities
- Institutional-grade research and market intelligence
- Excellent fit for commercial hedgers and producers
- Deep access to physical and financial commodity markets
Phillip Capital
Asian-rooted global brokerage with multi-asset clearing capability and strong presence in Asian futures markets. Phillip Capital’s group has been operating since 1975 and serves clients across futures, equities, FX, and structured products globally.
Strengths for our clients:
- Best-in-class access to Asian exchanges (SGX, HKEX)
- Multi-asset clearing across futures, options, and FX
- Strong fit for traders with global or Asia-Pacific exposure
- Competitive structure for active traders and family offices
- Robust platform support including CQG and proprietary tools
How We Match You to the Right FCM
Account opening starts with a short conversation. We ask about the markets you trade, the platforms you use, your typical position sizes, your jurisdiction, and your operational priorities. From there we recommend the FCM relationship that best fits, walk you through the paperwork, and handle the operational onboarding end-to-end.
If your needs change — if you start trading a new market, or your account scales, or you need a different platform — you can move between FCMs without leaving Wisdom Trading.
Client Funds Are Always Segregated
US futures regulation requires that all customer funds be held in segregated accounts at the FCM — legally separated from the FCM’s own operating capital. This is a fundamental protection of the US futures market structure. None of our three FCMs has ever failed to meet its segregated-funds obligations, and Wisdom Trading itself never holds or touches client funds.
Open an Account
Get in touch for account opening paperwork and guidance on which clearing relationship best fits your trading. A principal responds within 24 hours.