Best Futures Trading Platforms

Their trading platform Thinkorswim has fast order execution, state-of-the-art tools, and features. They charge $2.25 per contract along with exchange and regulatory fees. Tradovate is a cloud-based futures platform with no commissions. They offer a subscription-based proprietary platform that works seamlessly across all devices. IBKR’s TWS offers the Trader’s Journal, a note-taking feature that lets you record and save trading notes and ideas on any product. You can save screenshots as part of a note, attach notes to trades, and futures brokers and configure charts to display both orders and executed trades.

Low value contract fees drop to $0.50 (premium $0.05–$0.10) or $0.25 (premium under $0.05). The impact is Interactive Brokers’ mobile app created for investors interested in ESG investing. The Impact app lets you Identify your values and contribute to the change you want in the world, like clean water, racial equality, or climate change. Your investing can even lead to rewards for the environment, you, and your friends. Even small traders can begin investing with fractional shares.

Micro futures are smaller-sized contracts designed to make futures and options trading more accessible to individual traders with minimum upfront capital and lower day trading margins. Our team of researchers gathered 2425 data points and weighted 66 criteria based on data collected during extensive research for each of the 25 companies we reviewed. The IBKR mobile app is nearly identical to the computer-based trading platforms and includes the ability to trade all the same asset types and execute the same orders. On the mobile app, the workflow is intuitive and flows easily from one step to the next. The mobile platform offers the same research capabilities as the client portal, including screeners and options strategy tools.

Futures traders will also benefit from the broker’s news updates to help you stay current and informed at all times. Crypto traders can trade up to six cryptocurrencies but will be charged a high spread of 40-pips. Traders interested can create an account in 3 easy steps, while verification can take a couple of days. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor.

Generally, brokerages and exchanges are regulated by financial institutions or companies. An example of this is the Commodity Futures Trading Commission which was founded in 1974. The CFTC is an independent regulatory organization based in the United States. The margin depends on the margin requirements of the asset and index that you are trading. Remember that when you trade on leverage, there is a higher potential for both gains and losses. As an introducing broker, Optimus Futures offers many platforms and FCMs to choose from.

The best online brokers 2022 review, our 12th annual, took three months to complete and produced over 40,000 words of research. Our editorial content is independent and unbiased; here’s how we make money. NerdWallet strives to keep its information accurate and up to date.

Professional traders care about two things, speed of execution and commissions. As a professional trader for 20 years, my needs are going to be much different than someone who is just getting into trading. Non-US Markets – Single flat rate per contract or percent of trade value, including all commissions, exchange, regulatory, clearing, and carrying fees.

By automatically reinvesting dividends, clients can make sure that their money remains invested in the markets, instead of sitting in cash, on the sidelines. However, if there is not enough cash to buy a share, fractional shares will not be purchased and the cash is instead credited to your account. Charting helps you process market data into something meaningful. IBKR’s charts are fully customizable, and you can set chart parameters, modify them from within a chart using the Edit menu, and save a chart layout as a template. Technical traders will enjoy more than 120 technical indicators and a suite of easy-to-use drawing tools.