arbitration agreement

K

Kicking

When you open a futures account you may sign an arbitration agreement with your broker but you don't have to as a CFTC statement indicates. Why should I sign it ? For those of you who didn't agree to settle through arbitration what was your experience in terms of account approval, trading limits etc.?

Thanks.
 
i think legal costs are the issue. arbitration panels should be comprised of people who know the markets and in my experience are fair and independent.

If you do not sign the agreement, a broker does not have to agree to open the account. it is a common request.
 
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