10 Best Broker For Futures Trading for Commodity in This Year. Broker Futures Trading history is as simple as understanding the concept of farmers planting crops every spring, and then.
Every fall, farmers harvesting grain and locking in prices early in the season, rather than later. In fact, farmers were originally the ones who taught Wall Street how to trade futures. No lie!
In choosing a Broker Futures Trading, serious futures traders must balance low commissions, intuitive platforms, excellent customer service, and up-to-date research options. Traders also need charting and screening tools to guide decision-making.
In a world where futures trading is already a high-risk endeavor, it’s even more of a risk if a platform is clunky, a trading app can’t keep up, or customer support has no idea what a Fibonacci indicator is. Everything must tick along as smoothly as a Rolex Cellini tracks the seconds in a day.
What is Futures Trading?
Futures trading is a derivative trading transaction by works on a margin system. Usually, people will believe more in real types of investments, such as property because they are physically visible and profits can be estimated.
However, the types of gold, stocks, and various other sectors in the world of futures trading are no less profitable. It is proven by the increasing number of digital platforms that facilitate the purchase of gold, stocks, and mutual funds with a minimum value.
Beginners from the younger generation can even start investing in futures through this facility. As technology advances, more and more people are willing to open themselves up to participate in futures trading.
Top 10 Best Broker For Futures Trading Platform for Commodity in This Years
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Start with our guide to find an online Broker Futures Trading platform to make your trading experience seamless.
1. NinjaTrader
NinjaTrader has an amazing trading platform for those just beginning their trading careers as well as for advanced traders. Its extensive collection of technical analysis tools is perfect for beginners utilizing a demo account, and it even offers a 2-week free trial when you register.
If you want to use NinjaTraders software, you can get it for free when you fund a brokerage account or you can lease the software. You will get access to charts, simulated trading, and market analysis, the essentials for futures trading, even if you get the software for free.
NinjaTrader won the 2016 True Edge Broker Futures Trading of the Year Gold Award and has the only platform powerful enough to run the Diversified Trading System. In addition, NinjaTrader offers extensive data feed options, a flexible interface, and free demonstration options.
The minimum opening balance is $400, and commissions start at $0.09. Futures traders can get the lowest NinjaTrader commissions by acquiring a platform lifetime license. In addition, the margin requirement is $500 per contract.
2. Tradovate
Are you an active futures trader? Look no further than Tradovate. Tradovate offers a Netflix-like approach to commission-free trading and cloud-based solutions. You’ll get an integrated experience you can carry seamlessly across any device whenever you want it.
Tradovate is the very 1st online futures and options brokerage to combine next-generation technology with flat-rate membership pricing. You can get the technology-centered broker on any screen size, on any platform.
3. Discount Trading
Futures traders looking for volume discounts have plenty of options, but few make trading as simple and affordable as Discount Trading. For starters, Discount Trading doesn’t just offer affordable commissions, they have some of the cheapest trading fees of any futures broker currently on the market!
If you make only a single futures trade each month, your commission will be a mere 49 cents per side. However, if you’re an active trader flipping more than 50,000 contracts per month, your commission will be just 19 cents.
If you make only a single futures trade each month, your commission will be a mere 49 cents per side. However, if you’re an active trader flipping more than 50,000 contracts per month, your commission will be a measly 19 cents.
Additionally, Discount Trading offers a variety of trading platforms for investors of all skill levels. Amongst these platforms is FireTip, a simple but effective trading platform that provides live quotes, market alerts, real-time news, and a live chat feature for customer assistance.
4. Optimus Futures
Optimus Futures is a discount futures trading broker geared towards both beginner and experienced traders alike.
With low account minimums, fast account approvals, and easy funding and withdrawals, Optimus Futures is an ideal solution for anyone interested in trading CME Group’s micro futures with free platforms and low margins.
Optimus customers also get access to dedicated staff to address your trading needs at every step, from initial account application and platform set-up to providing ongoing education and resources to help you learn more about the futures markets via guides, videos, podcasts, and articles.
This unique combination of free platforms and discounted commissions combined with an emphasis on trader development makes Optimus Futures potentially idle for not only existing futures traders.
But also beginner traders from other asset classes such as Stocks, Forex and Cryptos. So, whether you are a veteran futures trader or just starting out, look at Optimus Futures and their Micro Futures product offerings.
Broker Futures Trading and options involve a substantial risk of loss and are not suitable for all investors.
5. Generic Trade
Generic Trade has some of the lowest commission fees of any futures traders at a maximum of $0.59 per trade.
Generic Trade prides itself on transparency and keeps its prices lower than other Broker Futures Trading by eliminating the need for salespeople and brokers.
The firm believes modern traders already have such a wealth of information at their disposal they mainly need a firm to execute their trades at the lowest cost. It also doesn’t have minimum account balances and volume requirements, making it assessable to most traders.
Finally, Generic Trade boasts some of the lowest latency for executing trades due to advanced technical infrastructure. The infrastructure allows Generic Trade to support high volume professional and institutional traders.
6. Tradestation
TradeStation offers 2 distinct account types: its basic TS GO account aimed at new trades and its more in-depth TS Select account aimed at more advanced traders looking for a comprehensive set of tools and research options.
There’s no minimum account balance required to open a TS GO account. TS Select accounts require a $2,000 minimum deposit.
Signing up for an account with TradeStation is intuitive and simple. You’ll begin by choosing the type of account you want, entering a little personal information, answering a few questions about your experience level, and agreeing to the company’s terms of service.
A TradeStation representative will review your application and open your account. As soon as your account is open you can begin funding your account and making trades.
TradeStation excels in education. Though it was originally aimed at professional investors, TradeStation now offers a wealth of education options that brand new traders can understand and use.
7. Interactive Brokers
Interactive Brokers for futures trading offers outstanding, competitive fees. Cost is $0.85 for futures and futures options trading, overall, Interactive Broker Futures Trading offers the lowest margin rates in the industry, between 1.91% to 1.41% (the lowest percentage is for clients with $1 million with Interactive Brokers).
It offers a fully-configurable Broker Futures Trading platform for knowledgeable traders with more than 50 order types.
IBKR Futures Pricing:
IBKR Lite: $0.85 per contract
IBKR Pro: $0.85 per contract; tiered volume discount available
As for tech offerings, Interactive Brokers features programmable hotkeys and customizable order types; watch lists can have up to 338 columns and are truly customizable.
All devices, including iPhone, iPad, Apple Watch, and Android smartphones and tablets are supported. Interactive Brokers made our list for the best brokerage for online stock trading.
8. TD Ameritrade
TD Ameritrade requires a low account minimum at $1,500 but it’s $2.25 per contract, per side (plus exchange and regulatory fees). TD Ameritrade’s day trade margin is 25% with a $15,000 minimum with virtual trading capabilities and over 60 futures products.
With Thinkorswim, there’s no question that entering and executing orders is fast, with many advanced features.
The ThinkBack feature permits users to backtest strategies and TD Ameritrade’s free platform (Thinkorswim), research, and data are all excellent.
The ThinkBack feature permits users to backtest strategies and TD Ameritrade’s free platform (Thinkorswim), research, and data are all excellent.
With its 24/7 phone support and free seminars and online education, the technical and mobile options make TD Ameritrade worth checking into. TD Ameritrade made our list for the best brokerage for online stock trading, and for beginners.
TD Ameritrade does have high commissions that aren’t ideal for traders searching for a bargain.
9. Charles Schwab
Charles Schwab’s name seems to be synonymous with the word “education,” and that’s no surprise once you land on Schwab’s web page. After all, “Investment Advice” is a bold, clickable heading directly on the home page.
If you’re a futures trader, Schwab Trading Insights will help you, and there are a plethora of opportunities to learn more on Schwab’s active trader futures section.
The investment research opportunities through Schwab are also excellent. Customers have access to free stock reports from S&P Capital IQ, Thomson Reuters, Credit Suisse, and more.
You can also access Schwab’s Equity Ratings, which cover approximately 3,000 U.S. stocks, and grade them on an A, B, C, D, and F scale.
1 strike against Charles Schwab is that the firm’s margin rates are notably high.
10. E*TRADE
E*TRADE offers over 200 futures products, and that’s why we’ve put it in the category of myriad options available to investors.
In addition, if you’d like to trade futures with E*TRADE, it will cost you $1.50 per contract. E*Trade is no stranger to pro-level tools and top-notch platforms.
You’ll feel right at home with research capabilities, too: E*TRADE Futures Research Center is powered by the CME Group-1 of the world’s largest futures exchanges.
Whether you’re into metals, currencies, or more, E*TRADE can offer a multitude of Broker Futures Trading options for you.
What Matters Most Broker Futures Trading?
Ultimately, depending on the trader, the Broker Futures Trading characteristic that matters to one trader may matter more or less to another. For example, each trader’s preference on a platform can vary widely.
Not every trader will agree on what he or she would like to see on a broker’s platform. (Remember, not every painter prefers the same paintbrush, and the same goes for individual traders. Some don’t need all the bells and whistles).
Ultimately, depending on the trader, the Broker Futures Trading characteristic that matters to one trader may matter more or less to another. For example, each trader’s preference on a platform can vary widely.
Not every trader will agree on what he or she would like to see on a Broker Futures Trading platform. (Remember, not every painter prefers the same paintbrush, and the same goes for individual traders. Some don’t need all the bells and whistles.)
And finally, customer service can make or break an experience with that particular broker. Determine your personal priorities, and use our guide to find the best futures brokers platform for you.
Turn to Webull
0 Commissions and no deposit minimums. Everyone gets smart tools for smart investing. Webull supports full extended hours trading, which includes full pre-market (4:00 AM – 9:30 AM ET) and after-hours (4:00 PM – 8:00 PM ET) sessions.
Webull Financial LLC is registered with and regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
It is also a member of the SIPC, which protects (up to $500,000, which includes a $250,000 limit for cash) against the loss of cash and securities held by a customer at a financially-troubled SIPC-member brokerage firm.