9 Best Futures Brokers for Commodity Trading in 2022

If you want to start trading futures or switch brokers, visit NinjaTrader. Futures trading history is vitamin a simpleton as understanding the concept of farmers planting crops every spring, and then, every twilight, farmers harvesting ingrain and lock in prices early in the season, quite than late. In fact, farmers were primitively the ones who taught Wall Street how to trade futures. ( No lie ! )
In choosing a broker, serious futures traders must balance low commissions, intuitive platforms, excellent customer serve and up-to-date inquiry options. Traders besides need charting and screening tools to guide decision make .
In a earth where futures trade is already a bad attempt, it ’ randomness even more of a risk if a platform is gawky, a deal app can ’ t keep up, or customer support has no idea what a Fibonacci indicator is. Everything must tick along adenine smoothly as a Rolex Cellini tracks the seconds in a day.

beginning with our steer to find an on-line futures brokers platform to make your trade experience seamless .

1. NinjaTrader

NinjaTrader has an amaze trading platform for those just beginning their trade careers angstrom well as for advanced traders. Its across-the-board collection of technical foul analysis tools is perfect for beginners utilizing a show score, and it flush 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 house bill or you can lease the software. You will get access to charts, simulated trade, and commercialize analysis, the essentials for futures trade, even if you get the software for free .

NinjaTrader

Best For
Advanced Futures Trading
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Best For
Advanced Futures Trading

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NinjaTrader is a potent derivatives trading platform specializing in futures, forex and options. The platform has a numeral of alone trade tools. A barren adaptation does exist without the extra goodies provided by Trader + and OrderFlow + but users can inactive break down charts, backtest strategies and trade without upfront payment. NinjaTrader hosts its own brokerage services but users have their choice of several different brokerage options. Accounts have minimums depending on the securities traded and commissions vary depending on the interpretation of the platform. Advanced derivatives traders will have endless fun with the platform ’ randomness mighty array of tools and analyzers .
The exempt version, which is included with all brokerage house accounts is a great starting platform for new traders without the fiscal commitment. As you grow in your trade and are cook for more tools and functionality, you can add more complexity .
Best For

  • Futures Traders
  • Traders looking for 24/7 action
  • Advanced Traders

Pros

  • Powerful analysis tools
  • Free download and simulated trading
  • Open source trading apps to enhance experience

Cons

  • Can only trade derivatives like futures and options

2. Tradovate

Are you an active futures trader ? Look no further than Tradovate. Tradovate offers a Netflix-like overture to commission-free trade and cloud-based solutions. You ’ ll get an desegregate feel you can carry seamlessly across any device whenever you want it .
Tradovate is the very 1st on-line futures and options brokerage house to combine next-generation engineering with flat rate membership price. You can get the technology-centered broker on any screen door size, on any platform .

Tradovate

Best For
High-volume Traders
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High-volume Traders

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Tradovate is an advanced futures agent offering a tiered price structure and a comprehensive proprietorship deal chopine you can access with extra fees. Tradovate offers a community tab that allows you to connect with early traders and change trade ideas. New users can test out Tradovate ’ s platform with a show explanation and free test, which allows new investors to master the teach curve before opening an report. Though the platform might be besides complicated for traders who prefer a simplify experience, it can be a solid choice for more experience users .
Best For

  • Experienced and intermediate futures investors
  • High-volume traders
  • Mobile traders

Pros

  • Free trading platform packed with unique features
  • Community tab allows users to connect with other traders
  • Tiered pricing structure
  • Easy to use out of the box for experienced futures traders

Cons

  • Currently only supports futures trading
  • Platform can be overwhelming for new traders

3. Discount Trading

Futures traders looking for volume discounts have plenty of options, but few make trading as childlike and low-cost as discount trade. For starters, Discount Trading doesn ’ thymine good offer low-cost commissions – they have some of the cheapest trade fees of any futures broker presently on the market !
If you make alone a single futures trade each calendar month, your commission will be a bare 49 cents per side. however, if you ’ re an active trader flipping more than 50,000 contracts per month, your commission will be precisely 19 cents .

Discount Trading

Best For
high volume Traders
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Best For
senior high school volume Traders

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The aptly-named Discount trade firm offers ultra-low commission rates and day trading margins to clients worldwide. You ’ ll besides find low futures day- deal margins. The Indiana-based broke offers over 20 different futures trade platforms and 5 trade routing solutions. You ’ ll besides find a completely free platform with live streaming quotes .
Isn ’ t the price the count one tick in the box for most investors ? You can absolutely check that box with Discount trade .
Best For

  • Futures or options traders looking for a discount futures or options broker
  • Traders who can’t find lower margins anywhere else
  • Traders tantalized by low commission rates

Pros

  • Ultra-low commission rates and day-trading margins ($0.49 or less)
  • No monthly inactivity fee
  • Five different routing solutions and access to over 20 of the most popular platforms in the industry

Cons

  • Tough to find the best platform for your needs, due to the sheer number of options available

4. Optimus Futures

Optimus Futures is a discount rate futures broker geared towards both founder and have traders alike .
With depleted report minimums, fast account approvals and easy fund and withdrawals, Optimus Futures is an ideal solution for anyone concern in trading CME Group ’ s micro futures with spare platforms and depleted margins. Optimus customers besides get access to dedicate staff to address your trade 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 .

Optimus Futures

Best For
trading Micro Futures
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Best For
trade Micro Futures

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Optimus Futures is a leading discount futures broker offering highly customize trade solutions geared towards cost-conscious retail traders with an eye for technology and personal service. Customers gain access to premium tools at no extra cost such as depth-of-market surface, footprint chart, and real-time newsworthiness alerts along with a fully desegregate trade journal .
Users can register a trial adaptation of their software to take a test-drive of the platform, unlocking many of the analysis and chart features including inexhaustible model trades. Traders can besides leverage Optimus Futures 3rd party app integration, allowing you to choose the futures trading chopine best suited for you .
Best For

  • Low account minimums, commissions, and margins
  • Futures & micro futures traders
  • Beginner futures traders

Pros

  • Unlimited simulated trading
  • Low day trading margins
  • Highly experienced and competent technical support
  • Customizable data fees and order clearing

Cons

  • Limited to derivatives trading like futures
  • The selection of data feeds and clearing firms can be overwhelming for newer traders

5. Generic Trade

Generic Trade has some of the lowest commission fees of any futures traders at a maximum of $ 0.59 per deal. Generic Trade prides themselves on transparency and keeps their prices lower than early futures brokers by eliminating the need for salesperson and brokers .
The firm believes mod traders already have such a wealth of information at their administration they chiefly need a firm to execute their trades at the lowest cost. It besides doesn ’ t have minimal report balances and volume requirements, making it assessable to most traders .

Generic Trade

Best For
early Investors
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early on Investors

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Generic Trade calls itself a “ no bells, no whistles ” broker, but that doesn ’ deoxythymidine monophosphate average it contains circumscribed offerings. The party features trading for futures and options on futures. Research is limited, but customer support is available 24/7 and lead market access guarantees flying trades at optimum prices .
Generic Trade ’ s large sell point is its categoric $ 0.59 commission on all trades. Better educational materials and platform varieties are available elsewhere but Generic Trade offers true spang for your buck — one of the most authoritative variables when comparing brokers .

Best For

  • Futures Traders
  • Options Traders
  • Low volume derivatives traders

Pros

  • Flat $0.59 commission on all trades, regardless of account size or volume
  • No minimum needed to open an account
  • Exchange minimum margin and aggressive day trading margin
  • Contracts available for most asset classes
  • 24/7 tech support and customer service

Cons

  • No volume discounts
  • Must pay platform fee to use full suite of trading tech
  • Even though the free Generic Trader Online offers real-time quotes and charts, they are not streaming and do not offer market depth. Also, the trading tools are not nearly as robust as the other platforms

6. Tradestation

TradeStation offers 2 distinct report types : its basic TS GO report aimed at new trades and its more in-depth TS Select account aimed at more progress traders looking for a comprehensive fixed of tools and research options .
There ’ s no minimum score libra required to open a TS GO account. TS Select accounts require a $ 2,000 minimum deposition .

TradeStation

Best For
Futures Trading
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Best For
Futures Trading

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TradeStation is for promote traders who need a comprehensive platform. The brokerage offers an impressive image of investable assets as frequent and professional traders appreciate its across-the-board rate of analysis tools. TradeStation ’ randomness app is besides evenly effective, offering full platform capabilities .
Best For

  • Advanced traders
  • Options and futures traders
  • Active stock traders

Pros

  • Comprehensive trading platform and professional-grade tools
  • Wide range of tradable securities
  • Fully-operational mobile app

Cons

  • Confusing pricing structure to leave new traders with a weak understanding of what they pay
  • Cluttered layout to make navigating TradeStation’s platform more difficult than it should be

7. Interactive Brokers

synergistic Brokers for futures trading offers outstanding, competitive fees. cost is $ 0.85 for futures and futures options trading, overall, synergistic Brokers offers the lowest allowance rates in the diligence, between 1.91 % to 1.41 % ( the lowest percentage is for clients with $ 1 million with Interactive Brokers ). It offers a fully-configurable trade 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

Interactive Broker

Best For
trade Futures 24/7
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Best For
trade Futures 24/7

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synergistic Brokers is a comprehensive trade chopine that gives you access to a massive range of securities at low-cost prices. You can buy assets from all around the world from the comfort of your home or function with access to over 135 ball-shaped markets. Options, futures, forex and fund trade are besides available, and most traders won ’ deoxythymidine monophosphate pay a commission on any buy or sale .
IBKR is geared primarily toward experienced traders and investors but now with the handiness of exempt trades with IBKR Lite, casual traders can besides acclimate to IBKR ’ second offerings .
Best For

  • Futures traders
  • Trading futures 24/7
  • Sophisticated investors
  • Access to international markets

Pros

  • Buy & sell futures at lowest commission rates
  • Hedge positions or act on price movements in 35+ financial markets worldwide
  • Trade futures side by side on a single screen w/ substitute asset classes in stocks, bonds, options

Cons

  • Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources

8. TD Ameritrade

TD Ameritrade requires a low account minimum at $ 1,500 but it ’ s $ 2.25 per contract, per slope ( plus exchange and regulative fees ). TD Ameritrade ’ s day trade gross profit is 25 % with a $ 15,000 minimal with virtual trade capabilities and over 60 futures products. With Thinkorswim, there ’ s no wonder that entering and executing orders are fast, with many progress features .

TD Ameritrade

Best For
Options deal
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Best For
Options trade

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This publicly listed discount broker, which is in being for over four decades, is service-intensive, offering intuitive and potent investment tools. particularly, with fairness invest, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount rate brokers, what tilts the scales in its favor is its all-around overhaul offerings and the quality and value it offers its clients .
Best For

  • Novice investors
  • Retirement savers
  • Day traders

Pros

  • World-class trading platforms
  • Detailed research reports and Education Center
  • Assets ranging from stocks and ETFs to derivatives like futures and options

Cons

  • Thinkorswim can be overwhelming to inexperienced traders
  • Derivatives trading more costly than some competitors
  • Expensive margin rates

9. Charles Schwab

Charles Schwab ’ s identify seems to be synonymous with the bible “ department of education, ” and that ’ s no storm once you land on Schwab ’ s web page. After all, “ Investment Advice ” is a bluff, clickable heading directly on the home page. If you ’ re a futures trader, Schwab Trading Insights will help you, and there ’ s a overplus of opportunities to learn more on Schwab ’ s active voice trader futures section .

Charles Schwab

Best For
fund Investing
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Best For
store Investing

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Charles Schwab is a solid choice for traders of all skill levels. It offers full access to the U.S. equity and options markets a well as 30 external markets. Traders can create a diverse portfolio with $ 0 commissions and no account minimums. Schwab ’ s margin trade is expensive but Schwab makes up for it with low-cost futures and options trades, along with a comprehensive mobile offer .
Best For

  • 3 trading platforms perfectly in sync makes matching your platform to your skill level a snap
  • Excellent futures trading education for new traders
  • $0 account minimum means anyone can start trading

Pros

  • Wide range of available assets to trade, including futures and 30 global markets
  • SmartStreet Edge platform is powerful enough for advanced traders, yet easy enough for new traders to utilize
  • Unique educational resources (like infographics and podcasts) make learning fun

Cons

  • Margin rates are more expensive than competitors
  • More limitations on available margin than competitors
  • Expensive mutual funds

What Matters Most?

ultimately, depending on the trader, the futures broker characteristic that matters to one trader may matter more or less to another. For case, each trader ’ second preference on a platform can vary wide. not every trader will agree on what he or she would like to see on a broke ’ sulfur platform. ( Remember, not every cougar prefers the lapp paintbrush, and the same goes for individual traders. Some don ’ t need all the bells and whistles. )
possibly 1 thing that raises the most red flags are those annoying commissions and margin fees. It might be heedless to choose a agent good because it ’ s the cheapest, but, boy, is it easy to overpay. It ’ s important to figure out on the presence end precisely how much money will eke out during each trade .
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 .
Want to learn more? Check out Benzinga ’ s guides on how to trade futures, how to buy oil futures and how to start online gold trade .

Frequently Asked Questions

q

Can you trade futures in a cash account?

1
Can you trade futures in a cash account ?
asked 2022-03-08

Luke Jacobi

A
1
Futures trade requires the use of gross profit, so you typically can ’ t trade futures in a cash account. If you invest using options, then cash accounts don ’ t make options trade impossible. There are entirely a limited total of options-related strategies you can use with a cash account .
Answer Link
answered 2022-03-08

Benzinga

q

Can you day trade futures?

1
Can you day trade futures ?
asked 2022-03-08

Luke Jacobi

A
1

A : You must have a sufficient total of capital to start day deal futures. You must besides come to terms with the fact you may lose that capital. Some futures brokers require a $ 10,000 minimal depository to start day trade futures .

Day traders frequently buy big numbers of shares and wait for a small move before they sell. And there is a fortune of risk in sidereal day trade .

It may be best to rehearse with a demonstration explanation. A futures demonstration account allows you to make trades and track how they would pan out without the hazard of losing ( or gaining ) any substantial money .

Answer Link
answered 2022-03-08

Benzinga

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