Top Futures Brokers for Every Trading Style
🏆 Best Overall Futures Platform: tastytrade
| Feature | Detail |
|-----------------------|---------------------------------|
| Minimum Deposit | $0.00 |
| Fees per Contract | $1.00 |
| Options Fees | $0.50 |
Why Choose tastytrade?
- Education: Industry-leading video tutorials and explainers that simplify complex derivatives trading.
- Contract Variety: Micro/mini futures across equities, crypto, commodities, and currencies.
- Platform: Intuitive interface with real-time data and risk management tools.
👉 Explore tastytrade’s futures platform
đź’Ľ Best for Professionals: Interactive Brokers
| Feature | Detail |
|-----------------------|---------------------------------|
| Minimum Deposit | $0.00 |
| Fees per Contract | $0.85 |
| Options Fees | $0.65 |
Key Advantages:
- Trader Workstation (TWS): Advanced charting, 90+ order types, and global market access.
- Research: CME Group collaborations and quant-friendly analytics.
- Execution: Low latency with customizable routing.
🤖 Best for Algorithmic Trading: TradeStation
| Feature | Detail |
|-----------------------|---------------------------------|
| Minimum Deposit | $0.00 |
| Fees per Contract | $1.50 |
Highlights:
- API Access: Full automation support for algo strategies.
- Margin Rates: As low as 10% intraday.
- Data Tools: Free historical backtesting for U.S./Eurex contracts.
📚 Best for Research: Charles Schwab
| Feature | Detail |
|-----------------------|---------------------------------|
| Fees per Contract | $2.25 |
Standout Features:
- thinkorswim Platform: Integrated futures/options trading with paperMoney.
- Newsletter: "Looking to the Futures" for macro insights.
- Contract Types: 75+ cash/physically settled options.
📱 Best Mobile App: E*TRADE
| Feature | Detail |
|-----------------------|---------------------------------|
| Fees per Contract | $1.50 |
Why It’s Great:
- Power E*TRADE App: 24/6 trading with ladder views.
- Auto Margin: Seamless transfers between accounts.
- Beginner-Friendly: Clean UI with futures basics explained.
🎯 Best for Community: Webull
| Feature | Detail |
|-----------------------|---------------------------------|
| Fees per Contract | $1.25 |
Perks:
- Social Trading: Real-time chat and sentiment tracking.
- Mobile-First: Simplified order tickets with margin transparency.
- Expanding Offerings: Crypto, metals, and ags.
How to Start Trading Futures
Learn the Basics
- Understand leverage, margin, and contract specs.
Open an Account
- Fund with enough capital to meet margin requirements.
Practice
- Use paper trading (e.g., Schwab’s paperMoney).
Develop a Strategy
- Start with micro contracts and track economic news.
FAQs
âť“ Do I need $25K to day trade futures?
No! Futures aren’t subject to FINRA’s PDT rule.
📲 Best mobile app?
Power E*TRADE for advanced tools; Webull for social features.
đź’° Typical Costs?
- Commissions: $0.25–$2.50/contract.
- Exchange fees: ~$1–$3 per trade.
đź•’ Trading Hours?
Most CME markets: Sunday 6 p.m.–Friday 5 p.m. ET.
👉 More futures FAQs
Why Trust Us?
- 15+ years testing platforms.
- 2,000+ data points per broker review.
- Zero paid promotions – unbiased rankings.
Tested Platforms: Schwab, IBKR, TradeStation, tastytrade, E*TRADE, Webull, and more.
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