Best Futures Brokers for 2018

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Futures and commodities present more leverage and more opportunity in the market. And before you trade futures, you need a futures broker (also called an FCM). The best futures brokers are those that have the lowest per contract pricing and offer free futures trading software to place trades and manage positions.

Futures trade almost 24/6, and allow traders to speculate or hedge on items like corn, soybeans, crude oil, and even entire stock indices. As of June 2018, here are the best futures brokers.

Best Futures Brokers for 2018

Broker

Futures Price Per Contract

Trading Platform rating

tastyworks 

$1.25

TradeStation 

$1.25

Interactive Brokers 

$0.80-$0.15

Best Overall: tastyworks


Trading bitcoin futures with tastyworks

tastyworks has some of the best futures trading software in the game. This shouldn’t come as a total surprise, since the same team that founded thinkorswim also founded tastyworks.

The downloadable tastyworks software is has tons of cool features, like creating complex futures orders preset with stop losses. But, most of all, we just like they layout of tastywork’s futures trading platform. It’s easy to use.

TradeStation

tradestation platform

The TradeStation futures trading platform is pretty sweet. Although it’s windows only, it has advanced order types, and offers full access to level II futures depth of market books.

Trading from the mobile app excellent. Not to mention, for new accounts, there are no software or inactivity fees.

Interactive Brokers

interactive brokers platform

The biggest problem we have with trading futures with Interactive Brokers is their auto-liquidation. If, for whatever reason, the equity of a futures account falls below the maintenance margin requirements, Interactive Brokers starts to automatically liquidate positions in your account.

This is precisely what happened to us, and long story short, we blew up a futures account with $100,000. Nevertheless, IB made the list of best futures brokers because of the international futures trading aspect. It’s possible to trade futures on different exchanges around the world, but you have to pay for market data feeds, which is really expensive, and you have to pay a small fee for order cancellations. We don’t recommend trading with Interactive Brokers, but they are one of the most well-known FCMS.

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