Frequently Asked Questions

First Capitol Ag

With all the turmoil in the marketplace, I want to be sure I am placing my money with a financially sound company. Who does First Capitol Ag (FCA) use for a clearing broker?
First Capitol Ag is a trade name used by the Wedbush Futures division of Wedbush Securities Inc. ("Wedbush"). Wedbush is a futures commission merchant and registered broker-dealer, member FINRA/SIPC. Futures customers should be aware that futures accounts, including options on futures, are not protected under the Securities Investor Protection Act. We are registered with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Associations (NFA). The assets of customers held with a US FCM are well protected because of the financial safeguards created by the CFTC, the NFA and all United States futures exchanges. The financial obligations of FCA are subject to continuous audit and enforcement by the regulatory agencies.
What is your experience?
Since 1989, FCA has focused its efforts on assisting producers and processors with their marketing and risk management needs. Because all of our staff have agricultural backgrounds and/or ag education, we naturally understand and address the challenges our clients face. In addition, our staff is featured regularly on national farm programs and our president has served on the National Futures Association Board of Directors. More importantly, numerous bankers, consultants, and farm management groups recommend our services to their clients.
How much does it cost and are there any management fees?
There is no management fee, consulting fee, per/acre or per/head charge. We keep it simple! The only fee charged by FCA is a $40 per contract, whether buying or selling. Using industry terminology, that is $80.00 per round-turn.
How do I get started?
To get started, simply fill out the First Capitol Ag new account application. You can fund your account with an e-check, bank wire transfer or a check made payable to First Capitol Ag (FCA) for $1000.