Top Futures Brokers for 2023
We found 11 online brokers that are appropriate for Trading Futures.
Best Futures Brokers Guide
Updated February 01, 2023
Best Futures Broker
Most top futures brokers will also offer a high level of flexibility. Flexibility in what sense can mean a wide range of choices in the buy and sell side of the market. If one company decides to change the terms of a contract at any point in time, other Futures Brokers will be forced to adjust their strategies accordingly. There is no guarantee that other brokers will do this, so if you need a firm promise of flexibility, go with the top ones that are the most flexible. Even if you choose a generic trade platform that offers no customer support, look for another company that does. You should be able to reach the person who is supposed to be helping you if anything goes wrong with your account.
Finally, when choosing a futures broker, you should consider how easy it is to become a member. Some of the biggest names in the industry have made it extremely easy for individuals to sign up. By using their online software, you can log in and start trading immediately. Other brokers may take a little longer, but once you are in, you can become a registered member. This gives you access to a virtual trading account that has all of the same features and tools that your traditional brokerage firm offers, but you don't have to go through the hassles of actually being there in the firm's office.
With Futures Brokers account, every trader can have the same level of flexibility and security. Since the platforms are identical, you can trade with confidence when you are trading via futures brokers' accounts. If you are a beginner or if you simply don't feel comfortable on the actual platform, you can use a practice account until you feel confident enough to go forward with real trades.
Before you start searching for the best futures broker that can aid your investment into the futures market it is important to first have a good understanding of the industry.
When you enter into an agreement with an individual or a company either for the purchase or sale of an asset in the future it is called a futures contract.
Usually, those assets are traded in fluctuating markets where price changes change regularly. Crude oil is one of the best examples of a futures contract. Both the buying company as well as the selling company enters into a contract with each other to trade it in the future at the current agreed prices.
What Is Futures Trading?
What is Futures trading? In Forex trading, a futures contract, also known as a forward contract, is a standard legal agreement to purchase or sell something at a defined time soon, between willing parties not necessarily related to each other. The item traded may be a product, including foodstuffs and currencies, or a service, such as raw goods and energy. The tradable asset is typically a financial commodity or product. Futures contracts are generally open until the end of the agreed time.
Futures contracts are normally settled for cash or another type of return not immediately apparent. These payments are made according to the value of the commodity in effect at the time the contract was executed. For example, if you are interested in investing in the futures market, you would need to find out what the cost of oil is going to be five years from now. This information can be hard to come by, especially if you are not a financial expert.
A futures exchange is an agreement that facilitates the trading of commodities and currencies. Futures trading is considered one of the simplest forms of trading, and the principles behind it are fairly simple. Futures contracts are normally executed between traders or companies that have become involved in long-term trading. This means that both the buyer and seller are interested in securing a profit from their transactions.
What Is A Futures Contract?
A futures contract is an agreement to purchase or sell a product or asset at a predetermined price at a predetermined time later on.
The seller of a futures contract legally takes on the duty to offer the underlying asset at the originally agreed price at a date in the future.
What You Need To Know About Futures Trading
What you need to know about futures trading starts with knowing the basics. In this day and age of technology, trading in futures is fast becoming a mainstream practice. Thanks to the internet, it has become easier than ever to trade in any financial market, whether it's stocks bonds, commodities, or the stock market. The key to being successful at futures trading is knowledge of the markets and your familiarity with commodity prices.
Take your learning process further by taking a course, which allows you to put to work what you have learned. If trading seems a bit too overwhelming, you can consider hiring a brokerage service. Futures brokerage firms offer a wide range of training programs in various markets. They will teach you the basics of trading, but they will also do all the legwork for you, so you don't have to.
Now that you know what you need to know about futures trading, get online and start researching the different futures brokerages. Look at their websites and contact them to learn more about their offerings. Then set up an account with each brokerage and start trading.
While learning all you need to know about futures trading, don't forget that the Internet is a great resource as well. You can find out everything you need to know about futures trading on the Internet. The Internet allows you to keep up with current news and analysis, and you can do it from the comfort of your own home. If you are having trouble finding the time to attend regular business meetings, then the Internet is the perfect answer for you.
What To Look For When Choosing A Broker
Brokers play an important role in the trading of foreign exchange and other commodities. When looking to trade with Forex brokers you have to be aware of what to look for when choosing one. You will want to find a reputable company that is registered, licensed, insured, and has a reputation of fair play. You will also want to find brokers that have expertise in a particular field. The following are factors to consider when choosing brokers to work within the futures or options markets.
When you are looking for Forex brokers to work with you should consider the broker's credentials. The first thing to do is to talk to your friends and family for suggestions about whom they might recommend. Most people like to know that their recommendations will be respected and that the brokers they choose will not be taken advantage of. You can also check with the National Futures Association for a list of accredited brokers. Then you should read as many reviews as you can on brokers to learn as much as you can about them and their qualifications.
Option brokers provide traders with information and make available the options for trading. When looking for what to look for when choosing a broker, you will want to choose a firm that offers options. Also, you may choose to trade options yourself, and this can be very exciting in its own right. Learning how to choose stock, futures, currencies, and indexes for trading is another important aspect of learning Forex trading.
Forex trading is a good way to make money if you have the right broker and if you know what to look for when choosing a Forex trader. When you find the right Forex broker you can take on large amounts of risk, but the potential profits are great. Before you decide to start Forex trading, you should do your homework to find the best Forex broker for your needs. This can be done by doing research online or by talking to your friends who are already involved in Forex trading.
Does Your Futures Broker Offer A Virtual Trading Account?
When you think about the futures brokerage industry, one of the first things that probably comes to mind is a trading account that can be done online or over the phone. While some futures brokerage websites will even offer the option of opening a virtual futures trading account, many others will not offer this service, leaving you to work on your account over the phone. However, having the ability to practice trading over the phone provides a great avenue for learning how futures markets operate and how to better utilize the marketplace to your benefit. In this article, we will look at the advantages and disadvantages of this practice as well as discuss why it may be wise to consider other options before settling on one particular method.
To begin, it is important to understand how the futures market works to decide if it is right for you. This market consists of contracts between traders that allow them to set a delivery date and price for an asset that will mature in a certain amount of time. To make sure that you are investing your money in the right markets and contracts, you need to find a reputable futures trading broker. There are many different types of brokers out there. Some specialize in specific markets such as foreign exchange, commodities, interest rates, and the like, while others work with a variety of asset classes.
You should also consider the licensing requirements and fees that different brokers charge. In the US, there are minimal regulations in place to help protect both consumers and brokers alike. However, in other countries, brokers can easily run afoul of the law by providing incorrect advice or even fraudulently conducting Forex trading transactions. Before making a trade, you should also make sure that your broker is licensed to provide virtual services. As mentioned, all brokers should have a dedicated phone number where you can directly reach a live person in case of an issue with your trade.
The Benefits Of Futures
Futures trading comes with numerous benefits, some of them discussed below:
Easy Access
Remote market access has paved the way for futures traders. A trader’s geographic location is no longer a hurdle, and with the significant reduction in investment requirements, anyone interested in this field can fully control their investment lives.
You no longer need a multi-figure broker account or a good position at any exchange to take advantage of trading futures. The only thing needed here is a secure internet connection, a computer or any other device, and a certain amount of risk capital.
Increased Volatility
Increased volatility is most likely the most significant impact the digital economy has had on market behaviour. Low latency tools have offered traders the freedom to execute their trading strategies at lightning-fast speeds. Broader participation has allowed the trade of numerous types of assets, be they equities or commodities.
Even though volatility is perceived as a bad word, it drives profitability. It also facilitates engaging with today’s futures markets. The fluctuation in asset prices lays the foundation for gain. Without the existence of active markets, the benefits linked with trading futures would also be limited.
Opportunities
The futures markets of today come with numerous opportunities for traders. Before the digital era, investors and traders had limited products to deal with. Although traditional commodity-based contracts were there, the range was still limited.
In contrast, modern futures markets come with an extensive selection of products suited for almost any type of trader or strategy. E-micros, E-minis, Micro E-minis, and other listings offer an unmatched variety of options. Moreover, a majority of futures markets are open 24 hours, 5 days a week. Regardless of what time zone you are in, there will always be a market open with unique opportunities at your disposal.
Steady Liquidity
One particular element related to present-day futures that younger traders tend to gloss over is consistent liquidity. Market depth boosts efficiency through tight bid-ask spreads and minimal slippage. Participation-rich markets can be entered and exited without hassle, and when they are narrow, unpredictable price fluctuations, greater slippage, and wider bid-ask spreads become common.
The digitized market has enhanced liquidity and participation more than ever before. Traders can now buy or sell contracts either at or near their requisite level. Trading future has helped make price discovery a much smoother process.
Increased Profitability
Towards the end of the twentieth century, it was expensive for retail traders to carry out trading. Commission prices, exchange fees, service charges, etc., were exorbitant, to say the least. Market participation also favoured investors with substantial net worth.
Luckily, for today’s traders, the advancement of technology has lowered operational costs significantly. For most sought-after futures assets, reasonable, round-turn rate structures are not that hard to obtain.
Minimum Account Requirements
Pattern Day traders executing at least four round turns in private security in a single week have to keep minimum equity of at least $25K in their user accounts.
Futures traders, however, do not have to worry about this minimum account size requirement. They are free to trade as much as they want at any account size, provided that they hold the minimum requirements for their trading positions.
Drawbacks Of Futures Contracts
Below are some of the disadvantages linked to trading futures contracts:
Contract Conditions
The main hurdle associated with partaking in the futures trading market is understanding what you are buying. The parts that make up a futures contract are its underlying value, quality, quantity, and its expiration date. Being aware of how your prospective contract will expire is crucial before entering a trading position. Your futures contract may either be settled via the underlying asset or cash. It would otherwise be stressful receiving calls about where to store your bought asset, or worse; having to arrange for an asset you do not have.
Contract Value Decay
Yet another factor many traders do not come to terms with is the possible impact of time decay on their futures contracts. With time, as your contract gradually inches closer to its expiration date, it will start to lose value. That is because the contracted value assigned to the underlying assets is not as attractive when their expiry date draws near.
Dedication
Since the futures market is open twenty-four hours a day, its overall value is prone to constant change. Trading futures contracts involves a lot of dedication, and some traders may not be comfortable with that. If you find that you cannot dedicate the time necessary, you may risk losing a lot of money. You could even miss opportunities in case futures trade overnight while you are asleep.
Leverage
Even though leverage comes with many benefits, it has its drawbacks as well. It could end up magnifying your losses. The minute margin requirements for futures contracts may further worsen those losses for traders accustomed to investing with a margin for types of investments like stocks. This is mainly because a maintenance margin of 25 to 40 percent is necessary for stocks, while futures contracts require a maintenance margin of around 3 to 12 percent.
Future Uncertainty
One commonly known disadvantage of investing in futures is that you cannot control what happens in the future. Harsh weather, political conditions, natural disasters, etc. may fully end up disrupting the evaluated supply-and-demand balance.
Futures Vs Stocks
There are some important differences between futures trading and stocks trading. There are some similarities, but not many.
When buying stocks, you are buying ownership of a company in the ratio of investment made while futures means an agreement to get a commodity at a set price.
With stocks, money can be released immediately while in futures transactions are made at a later predefined date.
Futures are traded at a commodity exchange while the other at a stock exchange.
Non-Commodity Futures
In today's world, many of the best futures brokers will not stick to just commodity trading. The industry has changed a lot and even Bitcoins and other cryptocurrencies can be traded on the same principles.
The best futures brokers can help you to trade futures with ETFs, bitcoin, bonds, and stocks. Purchasing in the future at a predefined price.
If you wish to speculate on the price of a stock in the future. Sign up with multiple brokers and make good use of all of their educational resources so you know what you are doing regarding futures contracts.
Futures And Cryptocurrency
Ask any futures broker about trading Bitcoin in a futures contract, you will be warmly greeted. The digital currency was launched about a decade ago and since then its value has increased several folds, even to an unimaginable height. Several commodity exchanges across the world have started featuring bitcoin.
Futures Contracts Things To Know
Even the best futures broker may not have complete knowledge about futures trading as the market is highly complex. Ensure your broker is the best futures broker and offers trading on the best trading software, tools, and platforms.
With the increasing growth of cryptocurrency the futures contract has gained popularity. Many investors have stepped into the sector intending to make money in a short period. If you decide upon futures contracts as part of your investing strategy, make sure you educate yourself as much as possible and you know what you are doing.
Why Do People Trade Futures?
Futures contracts allow traders to manage financial risk.
For example a farmer who wants to sell his rice crop with a futures contract. If the futures market spot price of rice falls by the time the farmer harvests the rice crop. With a futures contract, he will still sell at the agreed futures spot price that was agreed before the dip, thus saving a huge financial loss.
The farmer who is a business owner can receive a predictable price for his rice crop.
The futures contract also works the other way for the buyer.
The futures contract buyer of the rice crop also gets risk protection.
If the market spot price of rice were to rise unexpectedly, the buyer of the rice crop would face an unexpected rise in expenses. This could be devastating for a business with very close margins.
Having the futures contract in place fixes the rice crop buyers' business costs.
Types Of Futures Contracts
When talking about futures contracts there are two main types.
Futures contracts are known as commodities and include corn, oats, rough rice, wheat, milk, cocoa, coffee, and sugar. These types of futures contracts are traded for physical delivery.
Physical delivery describes a futures or options contract which requires the asset to be delivered at a pre-established delivery date.
The other type of futures contracts are based on assets in equities, bonds, and indices. These Futures contracts end with a cash settlement or financial instrument.
Futures based on equities allow you to gain exposure to specific shares, in particular to the most traded American blue chips companies.
Stock market indices futures enable you to take positions in international stock markets with leverage.
Where Do People Trade in Futures Contracts?
Futures contracts are standardized for quality and quantity to facilitate trading on a futures exchange like the CME Group, National Stock Exchange of India, B3, Intercontinental Exchange, CBOE Holdings, Eurex, Nasdaq Exchange, Moscow Exchange, Korea Exchange, Shangai Futures Exchange and BSE.
We list below the most popular Futures exchanges by market cap worldwide by number of contracts trading in millions. The below data was collected and updated in 2023.
| Futures Exchange name | Number of Traded Contracts in millions |
|---|---|
| CME Group | 4884.9 |
| National Stock Exchange of India | 3790.1 |
| B3 Brasil Bolsa BALCAO | 2574.1 |
| Intercontinental Exchange | 2474.2 |
| CBOE Holdings | 2050.9 |
| Eurex | 1951.8 |
| Nasdaq | 1894.7 |
| Moscow Exchange | 1500.4 |
| Korea Exchange | 1408.3 |
| Shanghai Futures Exchange | 1201.9 |
| Bombay Stock Exchange BSE | 1032.7 |
| Dalian Commodity Exchange | 981.9 |
| Zhengzhou Commodity Exchange | 818 |
| Hong Kong Exchanges and Clearing | 681 |
| Miami International Holdings | 421.3 |
| Japan Exchange | 388.3 |
| Taiwan Futures Exchange | 308.1 |
| Australian Securities Exchange ASX | 248 |
| Borsa Istanbul | 236.4 |
| Multi Commodity Exchange of India MCX | 230.3 |
Futures Brokers Verdict
Ultimately, to sum things up; when choosing a futures broker, one of the most important steps is to consider your priorities, as that varies from trader to trader.
Another important step is to look at the broker’s commission and margin fees. Do not settle for a broker because they seem the most affordable, and at the same time, avoid overpaying.
Lastly, bear in mind that a broker’s offered customer service can determine how responsible they are with their clients. Therefore, it helps to get in touch with them before fully committing.
We've collected thousands of datapoints and written a guide to help you find the best Futures Brokers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best futures brokers below.
Reputable Futures Brokers Checklist
There are a number of important factors to consider when picking an online Futures trading brokerage.
- Check your Futures broker has a history of at least 2 years.
- Check your Futures broker has a reasonable sized customer support of at least 15.
- Does the Futures broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Futures broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Futures broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Futures can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Futures Brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Futures Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Futures Brokers of 2023 compared
Here are the top Futures Brokers.
Compare Futures Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are futures brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more futures brokers that accept futures clients
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IC Markets
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Roboforex
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eToro
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XM
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AvaTrade
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Pepperstone
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XTB
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FP Markets
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Trading212
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EasyMarkets
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SpreadEx
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| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) |
| Min Deposit | 200 | 1 | 50 | 5 | 100 | 200 | No minimum deposit | 100 | 1 | 100 | 1 |
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| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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| Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with etoro |
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Up with xm |
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Up with avatrade |
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Up with pepperstone |
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Up with xtb |
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Up with fpmarkets |
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Up with trading212 |
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| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Your capital is at risk | Losses can exceed deposits |
| Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XM Demo |
AvaTrade Demo |
Pepperstone Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
easyMarkets Demo |
SpreadEx Demo |
| Excluded Countries | US, IR, CA, NZ, JP | US, JP, IR, RU | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, | US, CA, IL, KR, IR, MM, CU, SD, SY | BE, BR, KP, NZ, TR, US, CA, SG | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, IN, PK, BD, NG , ID, BE, AU | US, JP, NZ | US, CA | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR |
All Futures brokers in more detail
You can compare Futures Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Futures Brokers for 2023 article further below. You can see it now by clicking here
We have listed top Futures brokers below.
Futures Brokers Table of Contents
- Futures Brokers Explained
- 6 Factors to Consider when Choosing Futures Brokers
- Are Your Futures Brokers Trusted And Established?
- Are The Futures Brokers World Leading?
- What are the Futures Brokers Commissions and Fees?
- What are the Futures Brokers Funding and Withdrawl Methods?
- Find Futures Brokers with Round-the-clock support?
- Make sure the Futures Brokers Offer Comprehensive Trader resources?
- Why Futures Brokers needs to be regulated?
- Futures Brokers FAQ
- What are the best Futures brokers?
- What is the best Futu broker?
- Related Futures Brokers Reviews
- Related Futures Brokers Alternatives
- Related Futures Brokers Comparisons
Futures Brokers Explained
Trading the financial markets with Futures Brokers when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Futures Brokers is the platform that a Futures Brokers offer.
Choose Futures Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Futures Brokers that you can rely on.
6 Factors to Consider when Choosing Futures Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your Futures Brokers Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Futures broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Cyprus.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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Roboforex
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eToro
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XM
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AvaTrade
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Pepperstone
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XTB
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FP Markets
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| Year Established | 2007 | 2009 | 2007 | 2009 | 2006 | 2010 | 2002 | 2005 |
| Head Office | Australia | Cyprus | Cyprus, UK | Cyprus | Ireland | Australia | Poland | Australia |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926) |
| Used By | 180,000+ | 10,000+ | 27,000,000+ | 3,500,000+ | 300,000+ | 89,000+ | 500,000+ | 10,000+ |
| Negative balance protection | Yes | No | Yes | Yes | No | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | No |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XM | Visit AvaTrade | Visit Pepperstone | Visit XTB | Visit FP Markets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits |
Are The Futures Brokers World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. IC Markets Segregates clients funds and offers over 2250 instruments. IC Markets offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Futures Brokers is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XM
|
AvaTrade
|
Pepperstone
|
XTB
|
FP Markets
|
| Instruments Available | 2250 | 100 | 2000 | 1000 | 1250 | 1200 | 4000 | 290 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps |
| Excluded Countries | US, IR, CA, NZ, JP | US, JP, IR, RU | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, | US, CA, IL, KR, IR, MM, CU, SD, SY, PT | BE, BR, KP, NZ, TR, US, CA, SG | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | US, JP, NZ |
| Forex pairs offered | 61 | 35 | 50 | 55 | 55 | 70 | 57 | 70 |
| Forex pairs offered | 61 | 35 | 50 | 55 | 55 | 70 | 57 | 70 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | No | Yes | No | Yes | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 31 | 15 | 17 | 16 | 21 | 18 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | No | Yes | No | Yes | Yes | Yes | Yes |
| Stocks Offered | 2100 | 0 | 2042 | 160 | 1000 | 1100 | 1696 | 10000 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
What are the Futures Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Futures broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Futures broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 1. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XM
|
AvaTrade
|
Pepperstone
|
XTB
|
FP Markets
|
| Min Deposit | 200 | 1 | 50 | 5 | 100 | 200 | 0 | 100 |
| Withdrawl Fees | No | Yes | Yes | No | No | No | varies | No |
| Inactivity Fees | No | No | Yes | Yes | No | No | Yes | No |
| Deposit Fees | Varies | No | No | No | No | No | No | Yes |
| CFD Commission Fees | Yes | No | Yes | No | No | Yes | Yes | Yes |
What are the Futures Brokers Funding and Withdrawal Methods?
When dealing with Futures Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XM
|
AvaTrade
|
Pepperstone
|
XTB
|
FP Markets
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | No | Yes | No | Yes | Yes | Yes | Yes |
| Skrill | Yes | No | Yes | No | No | Yes | Yes | Yes |
| Payoneer | No | Yes | No | No | Yes | Yes | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Futures Brokers with Round-the-clock support?
Customer service is very important when dealing with Futures Brokers.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Futures Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XM
|
AvaTrade
|
Pepperstone
|
XTB
|
FP Markets
|
| Support |
|
|
|
|
|
|
|
|
| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XM | Visit AvaTrade | Visit Pepperstone | Visit XTB | Visit FP Markets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits |
Make sure the Futures Brokers Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, IC Markets and Roboforex work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why Futures Brokers needs to be regulated?
A regulated Futures broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Futures brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Futures Brokers List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Zero account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits