Top Trading Platform for Futures Trading

Top 7 trading Platform for Futures Trading

Futures Trading Introduction

Futures trading started in the 1800s. Futures are a kind of legal agreement between two parties to buy or sell something at a pre-decided price and at a particular time in the future. The seller must sell the underlying asset, and the buyer must buy the underlying asset no matter what the current price of the market at the time of expiration. Underlying assets can include financial instruments or physical commodities. Futures trading is used as a method to trade commodities on paper.  

With futures trading, investors and traders can trade anything and everything, including bonds, indices, currencies, commodities, and much more. The NFA (National Futures Association) is the main regulatory body located in the United States which oversees futures trading.

Retail investors also trade in futures, but the Futures trading is extremely traded by institutional investors like hedge funds. Through futures trading, investors and traders can get access to indices and commodities. 

If you are looking to trade in futures but not sure where to start. Then here we will help you to find a perfect futures trading partner who can fulfil all your requirements.

We did thorough research on the brokers which are suitable for both beginners and professionals. There is a heap of brokers who provide different services, but all are not suitable for every type of trader. For futures trading, here we came up with a list of all the best brokers who are trustworthy and provide exceptional services to its clients. 

1. ROinvesting

Rating: 4.4/5

Regulated by: CySEC (Cyprus Securities and Exchange Commission)

ROinvesting is an ingenious financial service provider, operating since  2015 in the industry. The broker is making trading and investment services easily accessible for the clients of Cyprus as the company is located in Cyprus itself. ROinvesting is a brand name of Royal Forex Ltd. The broker offers a free demo account to the beginners so that they can brush up their skills and then trade with real money.

  • The broker offers three types of trading accounts: Siler, Gold and Platinum.
  • The maximum leverage provided by the broker is 1:500.
  • Three types of trading platforms are available: Mobile application, Web Trader and Meta Trader 4.
  • Wide range of payment options is available.
  • Does not charge any commission on trades and no hidden or extra charges.
  • Provides customised financial news for its clients.
  • Tradable assets: Forex, commodities, crypto, metals, futures, shares
  • Minimum deposit: $250
  • Variable spreads

Pros 

  • One-click operation
  • Islamic account available
  • 0% Commission on trading
  • Range of tradable assets
  • Attractive leverage

Cons

  • Minimum deposit $250 is necessary
  • Meta Trader 5 not available

2. ETFinance

Rating: 3.8/5

Regulated by: CySEC (Cyprus Securities and Exchange Commission)

ETFinance is a leading broker serving its clients since 2018. Since its inception, ETFinance has served its clients with full dedication and honesty. ETfinance is a brand name of Magnum FX Cyprus LTD which is Cyprus based company deals in finance and broking. The broker does provide cross border services in some European countries, but it does not provide service to the clients from the United States. The broker offers commission-free trading on all available assets. ETFinance proved itself to be the best futures trading broker in the world.

  • The broker offers three types of trading account: Siler, Gold and Platinum.
  • The maximum leverage provided by the broker is 1:500.
  • Three types of trading platforms are available: Mobile application, Web Trader and Meta Trader 4
  • Wide range of payment options is available.
  • Does not charge any commission on trades and no hidden or extra charges.
  • Provides customised financial news and free educational material to its clients.
  • Tradable assets: Forex, commodities, crypto, metals, futures, shares
  • Minimum deposit: $250
  • Variable spreads

Pros

  • Commission-free trading
  • Deals in different financial markets
  • User-friendly interface
  • Well regulated by CySEC
  • Offers Islamic trading account

Cons

  • Meta Trader 5 facility not available
  • Do not provide services in the United States.

3. IC Markets

Rating: 3.9/5

Regulated by: CySEC (Cyprus Securities and Exchange Commission), ASIC (Australian Securities and Investments Commission), Fsa-sc (Financial Services Authority Seychelles)

IC Markets is the trading name of International Capital Markets founded in 2007 in Australia. It is a regulated CFD and ECN broker. IC Markets offer its clients more than 236+ tradable financial instruments which cover forex, currencies, futures, commodities, CFDs, Metals, Shares, Bonds, Indices and much more. The broker became a renowned financial service provider around the globe because of the services it provides to the customers. IC Markets is a “go-to” choice for the high volume traders. The broker also provides an additional trading feature like social trading integration with MyFXbook and ZuluTrade. The broker helps its clients with attractive customer support through various channels such as chat, email, call, social networking etc. 

  • IC Markets offers three types of trading account: Raw Spread (cTrader), Raw Spread (MetaTrader) and the Standard Account (MetaTrader).
  • The maximum leverage provided by IC Markets is 500:1.
  • The broker offers a range of trading platforms: cTrader, Meta Trader4, Meta Trader 5, Web Trader, Meta Trader Android/iOS/MAC, cTrader Web, CTrader Algo, cTrader Android/iOS/MAC.
  • The broker charges a maximum commission of $3.5, but there are no hidden and extra charges.
  • Financial instruments: forex, currencies, futures, commodities, CFDs, Metals, Shares, Bonds, Indices and much more.
  • Minimum Deposit: $200
  • Fixed spreads

Pros

  • Institutional grade liquidity available.
  • cTrader and Meta Trader 4 & % are available on Mobile, Desktop and web.
  • Exceptional library of educational material.
  • Impressive customer service through various channels.
  • Wide range of payment modes is available for a smooth transaction.

Cons

  • Do not accept clients from the united states.
  • No dealing desk

4. TradeStation

Rating: 4.0/5

Regulated by: Financial Conduct Authority UK (FCA)

Founded in 2005, the broker is serving more than 30 countries and 125 markets which cover stocks, ETFs, IPO, Options, Futures, Futures Options, Crypto, Mutual Funds, Bonds etc. Traders get direct access to financial markets through IC Markets.  Traders are also able to access a vast range of attractive trading tools for trading signal alerts and real-time market scannings such as RadarScreen. Along with these features, the TradeStation Matrix allows fully customisable charting and technical indicators and one-click trading. The broker provides exceptional educational material for beginners and experts.

  • TradeStation offers a range of account types such as Individual, Joint, Retirement, Corporate, Entity, Family Office, etc.
  • The maximum leverage provided by the broker is 1:40.
  • The broker offers a range of trading platforms such as Desktop, Web trading, Mobile Apps, Futures Plus, Simulated trading, TSCrypto, WebAPI, Trading App Store etc.
  • The broker provides the facility of a wide range of payment options. 
  • IC Markets charge bit of commission on trades.
  • Offers an ultimate library of educational material and financial news.
  • Tradeable financial instruments: stocks, ETFs, IPO, Options, Futures, Futures Options, Crypto, Mutual Funds, Bonds etc.
  • A minimum deposit of $1000 is required.

Pros

  • Multi-asset class broker
  • DMA (Direct Market Trading) Access
  • Range of trading platforms and account types 
  • Regulated by FCA
  • Feature-rich platform

Cons

  • Does not offer a free demo account
  • A minimum deposit of $1000 is required.
  • Charges commission on trades
  • Low leverage ratio

5. Saxo

Rating: 2.7/5

Regulated by: ASIC (Australian Securities and Investments Commission), DFSA (Dubai Financial Services Authority), FCA (Financial Conduct Authority), FSA(JP), FSC (Financial Services Commission)

Founded in 1992, Saxo is a multi-asset broker, which is globally regulated and covers around 40,000 tradable assets including Stocks, Bonds, ETFs, Mutual Funds, Forex, CFDs, Commodities, Futures, Forex options, Listed options, Managed portfolios etc. The brokers deliver its services in over 160 countries and processes around one million client transactions every day. The traders get an award-winning library of educational material which provides all the information about Macro, IPOs, Outrageous Predictions and a Quarterly Outlook report through various platforms such as Webinars and Events, Video Guides, articles, podcast a Market Call and videos etc. 

  • The Saxo bank offers three types of trading account: Saxo account, Corporate account, Professional account.
  • The maximum leverage provided by the broker is 1:30.
  • The broker offers a range of trading platforms: SaxoTraderGO, SaxoTraderPro, TradeMaker.
  • The broker provides the facility of a wide range of payment options.
  • Saxo does charge a commission fee on trades.
  • Offers an ultimate library of educational material and financial news.
  • Tradable financial instruments: Stocks, Bonds, ETFs, Mutual Funds, Forex, CFDs, Indices, Commodities, Futures, Forex options, Listed options, Managed portfolios etc.
  • A minimum deposit of $10,000 is required.

Pros

  • Globally regulated bank
  • A vast range of 40,000+ tradable instruments
  • Allows to trade, hedge and invest from a single account.
  • An advanced and feature-rich trading platform
  • A regulated industry leader in 15 jurisdictions

Cons

  • A minimum deposit of $10,000 is required, which is too much.
  • Low leverage ratio
  • Charges commission on trades

6. CMC Markets

Rating: 04/5

Regulated by: ASIC (Australian Securities and Investments Commission), FCA (Financial Conduct Authority)

The CMC Group is a publicly-traded company on the London Stock Exchange which was founded in 1989.  CMC Markets is a multi-asset CFD broker holding long 30 years of experience. The broker offers a next-generation platform that is feature-rich with 12 chart types, 115 technical indicators, a pattern recognition tool and drawing tools. The broker also provides access to news and analysis from its own market analysts, along with education material through webinars, seminars, VoD, Courses, articles etc. 

  • The CMC Markets offers three types of trading account: spread betting account, CFD account and Corporate account.
  • The maximum leverage provided by the broker is 1:500.
  • The broker offers a range of trading platforms: Meta trader 4, Mobile Application, proprietary, web-based Next Generation platform.
  • The broker provides the facility of a wide range of payment options.
  • CMC Markets does charge a commission fee on trades.
  • Offers an ultimate library of educational material and financial news.
  • Tradable financial instruments: Forex, Commodities, Futures, Indices, Shares, Bonds, Cryptocurrencies.
  •  There is no requirement of minimum deposit.

Pros

  • No minimum deposit required
  • 9,000+ trading instruments 
  • In house market analysis and news
  • One of the oldest and renowned broker
  • Publicly-traded and FCA regulated company 

Cons

  • Charges commission on trades
  • Does not offer an Islamic account

7. Forex.com

Rating: 3.3/5

Regulated by: CFTC (Commodity Futures Trading Commission), NFA (National Futures Association)

Forex.com is a US-based company which was founded in 1999. It is regulated in various jurisdictions, and the company operates in a security-minded and transparent manner. Forex.com provides tradable assets, including more than 80 currency pairs, Stocks, Commodities, Futures, Indices, precious metals, and futures options. The broker is well-regulated and utilises excellent security features to ensure the safety of your funds.  The broker provides exceptional educational material for beginners and experts. And traders can choose account types suitable to their needs from three different account types.

  • Forex.com offers three types of trading account: Standard account, Commission account, Direct market access account.
  • The maximum leverage provided by the broker is 1:50.
  • The broker offers a range of trading platforms: Meta trader 4, Meta trader 5, Mobile application. 
  • The broker provides the facility of a wide range of payment options.
  • Forex.com does not charge any commission fee on trades.
  • Offers an ultimate library of educational material and financial news.
  • Tradable financial instruments: 80+ currency pairs, Stocks, Commodities, Futures, Indices, precious metals, and futures options.
  • A minimum deposit of $50 is required.

Pros

  • Commission-free trading
  • User-friendly interface
  • Well regulated broker
  • Feature-rich platform
  • 80+ currency pairs available

Cons

  • Does not offer an Islamic account
  • Limited assets outside currencies
  • Low leverage ratio

Bottom Line

Every trader’s requirements are different, and hence sometimes only one broker is not enough to fulfil the requirements. Before starting futures trading with a broker, it is necessary to get an idea by making a demo account and using the services of brokers. 

It was the list of top brokers that provide futures trading with best features and services. Choose a broker accordingly and make a great profit with them.

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