Top Futures Brokers for 2021: Trading Platforms That Deliver Results

HTML Headings:
– Introduction
– What are Futures Brokers?
– What to Consider when Choosing a Futures Broker
– Top Futures Brokers for 2021
– TD Ameritrade
– E*TRADE
– Charles Schwab
– Interactive Brokers
– TradeStation
– Conclusion

Introduction:

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Futures trading is a popular and lucrative investment strategy that requires the help of a futures broker. With the right futures broker, traders can access a range of markets, including commodities, currencies, and indexes, and take advantage of price changes.

Choosing the right futures broker can be a daunting task, given the wide variety of options available. This article aims to help you navigate through the different futures brokers and select the best one for your trading needs. We have compiled a list of the top five futures brokers that offer superior trading platforms, efficient execution, and competitive fees.

What are Futures Brokers?

Futures brokers are individuals, investment firms, or online companies that facilitate futures trading. They act as intermediaries between traders and the exchanges where futures are traded. They provide traders with access to different markets and help them execute trades. In exchange for their services, futures brokers charge fees, including commissions and trading costs.

What to Consider when Choosing a Futures Broker:

Before selecting a futures broker, traders must consider several factors, including:

1. Trading Platform: A good futures broker must offer a trading platform that is easy to use, fast, and reliable. The platform should also provide access to different markets and trading tools, such as charting tools, research reports, and analytics.

2. Fees: Futures brokers charge different fees, including commissions, trading costs, and margin requirements. It is essential to understand the fees structure before choosing a broker to ensure that they align with your trading style and goals.

3. Customer Support: A futures broker must provide excellent customer support to help traders navigate through trading challenges or technical issues. This includes providing access to phone, email, and chat support.

4. Education and Research: A good futures broker must offer educational resources and research reports to help traders learn more about the futures markets and make informed trading decisions.

5. Regulatory Compliance: It is essential to choose a futures broker that is regulated by reputable bodies such as the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). This ensures that traders’ funds are protected and that the broker adheres to high ethical standards.

Top Futures Brokers for 2021:

1. TD Ameritrade:

TD Ameritrade is one of the most popular futures brokers, providing traders with access to a range of markets, including commodities, currencies, and indexes. The broker offers a user-friendly trading platform that supports multiple order types and charting tools. Traders can also access research reports and educational resources to help them make informed trading decisions.

TD Ameritrade charges competitive fees, with commissions starting at $2.25 per contract. The broker also offers margin requirements ranging from 2% to 10%, depending on the market and trading style. TD Ameritrade’s customer support is available 24/7, offering phone, email, and chat support.

2. E*TRADE:

E*TRADE is another top futures broker that provides traders with access to different markets, including futures, options, stocks, and ETFs. The broker offers a user-friendly trading platform that supports multiple order types, advanced charting tools, and research reports. Traders can also access educational resources to help them improve their trading skills.

E*TRADE charges competitive fees, with commissions starting at $1.50 per contract. The broker also offers margin requirements ranging from 2% to 10%, depending on the market and trading style. E*TRADE’s customer support is available 24/7, offering phone, email, and chat support.

3. Charles Schwab:

Charles Schwab is a top futures broker that provides traders with access to the US and international futures markets. The broker offers a user-friendly trading platform that supports multiple order types, advanced charting tools, and research reports. Traders can also access educational resources, including webinars and online courses, to improve their trading skills.

Charles Schwab charges competitive fees, with commissions starting at $1.50 per contract. The broker also offers margin requirements ranging from 2% to 10%, depending on the market and trading style. Charles Schwab’s customer support is available 24/7, offering phone, email, and chat support.

4. Interactive Brokers:

Interactive Brokers is a top futures broker that provides access to over 80 futures exchanges worldwide. The broker offers a user-friendly trading platform that supports multiple order types, advanced charting tools, and research reports. Traders can also access educational resources, including webinars and online courses, to improve their trading skills.

Interactive Brokers charges competitive fees, with commissions starting at $0.85 per contract. The broker also offers margin requirements ranging from 2% to 10%, depending on the market and trading style. Interactive Brokers’ customer support is available 24/7, offering phone, email, and chat support.

5. TradeStation:

TradeStation is a top futures broker that provides traders with access to a range of markets, including futures, options, and stocks. The broker offers a user-friendly trading platform that supports multiple order types, advanced charting tools, and research reports. Traders can also access educational resources, including webinars and online courses, to improve their trading skills.

TradeStation charges competitive fees, with commissions starting at $1.50 per contract. The broker also offers margin requirements ranging from 2% to 10%, depending on the market and trading style. TradeStation’s customer support is available 24/7, offering phone, email, and chat support.

Conclusion:

Choosing the right futures broker is essential to succeed in the futures markets. The best futures brokers offer a user-friendly trading platform, competitive fees, excellent customer support, educational resources, and regulatory compliance. TD Ameritrade, E*TRADE, Charles Schwab, Interactive Brokers, and TradeStation are among the top futures brokers that provide traders with efficient execution and superior trading platforms. Traders must research and compare different brokers before selecting the one that aligns with their trading style and goals.

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