Rosenthal Collins Group Review
Rosenthal Collins Group (RCG) is a brokerage firm, commodities broker and a regulated futures commission merchant (FCM). RCG offers a range of trading instruments on a generous selection of sophisticated and advanced trading platforms. The broker is regulated by the CFTC in the United States.
Rosenthal Collins Group Review, Pros & Cons
- Access to trade on over 10 trading platforms
- Regulated brokerage firm
- Market news & technical analysis are presented daily
- Multiple tradable assets
- Demo account is limited to 14 days
- Limited payment options
- No training resources
- Minimum $5,000 deposit
- Complex trading platforms
- No MetaTrader platforms
In this detailed RCG review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Rosenthal Collins Group Overview
Rosenthal Collins Group (RCG) is a leading commodities broker and futures commission merchant that offers multiple electronic trading services. The broker offers its services to a broad range of professional, institutional and retail clients from all over the world. It also offers trade executions, clearing and introducing broker services.
RCG’s history dates back to 1923 when it started as Greene and Collins but it became RCG in 1988. In 2019, RCG was acquired by Marex Spectron; a renowned commodities broker with extensive range of markets. Its headquarters is located in Chicago while other offices are located in New York, Hong Kong, Singapore, etc.
RCG offers multiple tradable assets on several powerful trading platforms. The broker states that anything you can imagine to trade is available in the commodity futures and financial futures market that its clientele have access to.
RCG is a well established brokerage that boasts of over 35,000 client accounts, 150 correspondent brokers and over $1.2 billion client funds.
Rosenthal Collins Group Regulation
RCG is regulated in the United States by the Commodity Futures Trading Commission (CFTC).
Rosenthal Collins Group Countries
The list of accept countries is not provided by RCG on its website. Some RCG broker features and products mentioned within this RCG review may not be available to traders from specific countries due to legal restrictions.
Rosenthal Collins Group Platforms
RCG Onyx Plus
RCG Onyx Plus is a proprietary futures trading platform preloaded with sophisticated trading and analytical tools. It gives direct connection to all major US exchanges as well as international exchange. The platform is available as a downloadable Windows desktop application and also as ‘RCG Onyx Plus WebTrader.
Here are some of RCG Onyx Plus features:
- Quotes and charts are displayed in real-time.
- One-click trading supported.
- Market depth feature is incorporated.
- Fully customizable layouts and interface.
- Supports multitasking by allowing the opening of multiple windows.
- Features the ‘thermometer’ which shows the market temperature.
RCG offers 3 trading platforms powered by CQG Inc; an American software company specializing in technological solutions specifically for the financial markets. Here are the platforms:
- CQG Trader: built for traders who have no interest in technical analysis and charting. It has the DOM Trader which shows depth of Markets and other features.
- CQG QTrader: This platform features complex charting, speed and global market access. It incorporates the DOMTrader and SnapTrader.
- CQG Integrated Client: This is the flagship trading platform from CQG designed for professionals. It features multiple order types, sophisticated charts and analysis as well as integrated market news sources.
Cunningham Trading System (CTS)
CTS T4 is a futures and options trading platform that connects to several exchanges across the world. The platform is available as T4 Desktop, T4 WebTrader and T4 mobile apps. It features customizable interface, live quotes, multiple order types and one-click trading. Charting and analysis is supported and 24 hour support is available for the platform developers.
OptionsCity Software Inc.
This is a company that develops trading software platforms. RCG offers its clients 2 platforms developed by OptionsCity.
- MetroTM: This is an award winning option trading platform that controls pricing, execution and risk management. It presents a user friendly and customizable interface, supports multiple options pricing and skewing methods, proprietary quoting algorithms, etc.
- FreewayTM: This is a trading platform for building and deploying algorithm with swift executions. Its features include: direction connection, full IDE, risk management, data visualization, Algo StoreTM, multi-asset trading, etc.
Orc Trading offers a suite of trading solutions developed by Orc Group. It is a popular choice for professional traders, hedge funds and market makers. Orc Spreader provides futures spread trading solution, Orc Market maker is for options market makers while Orc Liquidators is for traders who desires custom trading strategies. The platform features access to multiple markets, market making and auto trading tools, risk management tools, etc.
RCG has offered this platform for over 10 years. It is designed for management of Exchange Traded Futures and options on futures. It is a single platform that gives access to both electronic and open-outcry markets. It is available as WebTrader, XML and windows desktop applications.
Trading Technologies International Inc. (TT)
TT is an American company that develops futures trading platforms, derivatives trading platforms and execution solutions. RCG uses two platforms from TT:
- X_TRADER: This is a powerful front-end platform that is fast, reliable and replete with trading and analytic features. It features customizable screen, market depth, multiple order types and full charting package.
- X_TRADER Pro: This platform integrates all the features of the X_TRADER plus Autospreader and Autotrader which adds automated trading features to the platform.
Quick Screen Trading (QST)
Quick Screen Trading is a flexible and fast futures and options trading platform designed by Computer Voice Systems; a Chicago, USA based software company. Here are some of the Quick Screen Trading features:
- One-click trading supported.
- Easy management and fulfilment of orders.
- Options and future contracts display currency value of the asset and not only the last trade.
- Available on desktop, mobile and on the web.
- Supports multiple monitors and multiple tabbed workspaces.
Rosenthal Collins Group Trading Tools
Upon request, RCG offer several options for server hosting services. No matter the service chosen, traders are offered excellent speed and reliability. This service is apt for proprietary trading shops, algorithmic traders and other professionals that need low latency connections.
RCG Market News
Every market day, the RCG website updates the ‘daily technical spotlight’ on a chosen instrument. Clients can also sign up for RCG’s daily technical spotlight and have it delivered via email. It contains charts as well as trading ideas on selected assets.
This shows the economic report dates from governments from all over the world. It also shows futures trading days, exchange holidays and options expiration days.
Rosenthal Collins Group Education
RCG has no educational resources on its website which is disappointing. Educational materials such as tutorial videos, trading guides, webinars and seminars, can help traders to improve their trading skills and knowledge whilst they also support informed trading.
Rosenthal Collins Group Instruments
RCG is a Futures Commission Merchant (FCM) that has access to extensive network of global exchanges and so, offers multiple assets for trading. The following asset classes are available:
- Agricultural commodities
- Currency pairs
- Soft commodities
- Fixed income
- Stock indices
Rosenthal Collins Group Accounts & Fees
The following account types are offered by RCG:
- Individual accounts: This account is designed for retail clients who wish to invest or trade the futures markets
- Corporate accounts
- Partnership and LLC accounts
- Trust accounts
Practice accounts are available on most trading platforms but are usually only available for 14 days.
As broker fees can vary and change, there may be additional fees that are not listed in this Rosenthal Collins Group review. It is imperative to ensure that you check and understand all of the latest information before you open a Rosenthal Collins Group broker account for online trading.
Rosenthal Collins Group Support
RCG has a client support team that is available from 8am to 5pm CST. The team can be reached on phone, fax and email. A ‘send us a message’ form is also available on the ‘contact us’ page of RCG website. On social media, they are on facebook, twitter, YouTube and LinkedIn.
Rosenthal Collins Group Deposit & Withdrawal
RCG does not accept payments from third parties. The name on the trading account must match the name on the bank account or source of funding. RCG does not accept cash deposits, money orders, foreign checks, etc
The following payment options are accepted:
Bank Wire Transfer
This involves direct account deposits from the clients’ account to RCG’s account. This option is mostly available to every client but its main disadvantage is that it takes time, usually 2-7 days before it is completely processed.
Automatic Clearing House (ACH) Network
This method of payment involves electronic transfer of funds from the clients’ bank to RCG’s banks via the ACH network. It is a very popular payment option used in USA. .
RCG only accepts checks from US banks.
Rosenthal Collins Group: Account Opening
To open a new trading account, just visit the brokers website and click on the ‘open account’ button found on the right hand side of every webpage. From the list the displays, select ‘online application’ to display the ‘account application’ page. You can begin the application process by following the instructions on the screen. Fill the form carefully to create your new trading account.
It is imperative to ensure that you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
Rosenthal Collins Group Summary
RCG is definitely one of the oldest brokerage firms still in operations today. It has access to leading exchanges across the world. RCG is a clearing member on 7 exchanges and has access to more exchanges including the London Metal exchange and Eurex.
As a global commodities broker and futures commission merchant, RCG offers a range of electronic trading services including clearing, trade executions, etc and serves thousands of clients across the globe.
The range of available trading platforms is exhaustive; there are over 10 platforms available on the web, mobile and desktop computers. Perhaps almost too much choice and complexity for the average retail trader who may be more suited to the user friendly MetaTrader platforms which unfortunately, are not available through this broker.
Although demo accounts are available, they are limited to a 14 day trial period. The payment options available are not comprehensive enough especially considering that there are no modern e-wallet payment options which can be quiker and more convenient for many traders. Furthermore, there are no training resources to assist beginner traders with improving their trading knowledge and skills.
An investment in futures contracts involves a high degree of risk and is suitable only for persons who can assume the risk of loss in excess of their margin deposits. You should carefully consider whether futures trading is appropriate for you in light of your investment experience, trading objectives, financial resources, and other relevant circumstances. Past performance is not necessarily indicative of future results.