Foremost Trading is a futures options and Forex brokerage website that operates its managed accounts via its affiliates, foremostcm.com and RCM Alternatives (rcmalternatives.com).

Actually the two brands are a part of Foremost trading LLC, a company that is owned and operated by Mark Miller.

Foremost Trading is operating out of Illinois, United States but is working with scandalous companies like Gain Capital (see this review of Investiquant) to manage investors’ trading accounts.

The reason Foremost Trading is considered a shady “investment firm” is because the company was once subjected to enforcement action by the CFTC for committing fraud and other violations (more details later).

Currently the company is working with other clearing firms like ADM Investor Services Inc, Dorman Trading, Straits Financial, Advantage Futures and many more.

Old habits die hard, and in this review, we will warn investors against putting funds into the hands of this broker.

If you would like to preserve your capital and invest wisely, my best pick can be found in this list of recommended trading and investing services.

Foremost Trading Review: A summary of their services

Firstly, this company is offering their services to self-directed traders, trading software developers and those who would like to use automated trading systems.

The most vulnerable of clients seem to be those who pursue their futures managed accounts because to some extent, these investors have little to no control over how trades are managed in their respective accounts.

According to marketing materials on their website, the founders of Foremost Trading have 60 years of combined experience.

It’s difficult to verify this information but at least we can speak of Mark Miller because his background is all over the public domain.

Who is Mark Miller of Foremost Trading?

By now, we know that he is the main guy behind this dubious futures broker.

A quick background search reveals that Mr. Miller is at least a trader.

However, the performance of his trades cannot be verified, despite some websites throwing figures here and there.

Sadly, Mr. Miller is also a very cunning individual.

The CFTC once fined him over $1.1 million for fraud, unauthorized and fictitious trading.

The CFTC further suspended him from trading for a period of 2 years, in addition to barring him from CFTC registration or exemptions.

Despite the sad reputation, Mr. Miller is still inviting investors to trust him with their money through Foremost Trading.

The conclusion

In my opinion, no investor would be willing to trust Foremost Trading with their money because once an individual is fined or barred from trading activities by the CFTC, there is no second chances.

There is no believing that they are reformed and will not cheat unsuspecting investors next time.

This is the sad truth that Mr. Miller will have to live with if he intends to continue providing his trading services on the internet.