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Best Brokers for Futures Trading in 2019

Blain ReinkensmeyerSteven Hatzakis

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Futures trading first began in 1972. Primarily used a way to trade commodities on paper, futures trading has expanded over the years to include a variety of different assets, including most recently Bitcoin.

Wikipedia defines a futures contract as, "a standardized forward contract, a legal agreement to buy or sell something at a predetermined price at a specified time in the future, between parties not known to each other."

While futures trading is overwhelmingly conducted by institutional investors such as hedge funds, it is also traded by retail investors. Here, we breakdown the best online brokers for futures trading.

Best Brokers for Futures Trading

Here are the top five online brokerages for futures trading in 2019.

  • Interactive Brokers - Lowest commissions
  • TD Ameritrade - Best trading platform
  • TradeStation - Great platform, competitive rates
  • Charles Schwab - Unique order types
  • E*TRADE - Well-rounded offering
Interactive Brokers

Lowest commissions - Open Account
Exclusive Offer: New clients that open an account today receive a special margin rate.

While Interactive Brokers is not suitable for casual investors, it leads the industry in international trading and low-cost commissions desired by professional traders. Read full review

TD Ameritrade

Best trading platform - Open Account
Exclusive Offer: Trade free for 90 days + get up to $600 cash.

The extra cost of trading with TD Ameritrade is worth every cent – the brokerage delivers fantastic platforms, research, mobile apps, education, and customer service. This outstanding all-round experience makes TD Ameritrade our No. 1 overall broker in 2019. Read full review

TradeStation

Great platform, competitive rates - Open Account
Promo Offer: Spring into the market action with FREE trading until 2020

As a trading technology leader, TradeStation shines, supporting casual traders through its web-based platform, and active traders through its award-winning desktop platform. Read full review

Charles Schwab

Unique order types - Open Account
Current Offer: $4.95 online equity trades + $0.65 per options contract.

For those seeking access to low costs, excellent research, quality trade tools, and professional planning for the future, Charles Schwab will not disappoint. Read full review

ETRADE

Well-rounded offering - Open Account
Promo Offer: Trade Free for 60 Days & Get Up to $600.

While E*TRADE may not offer the cheapest trades, the Power E*TRADE platform is great for options trading, and the broker offers two great mobile apps. Read full review

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Methodology

For the StockBrokers.com ninth annual review published in February 2019, a total of 4,544 data points were collected over six months and used to score brokers. This makes StockBrokers.com home to the largest independent database on the web covering the online broker industry.

Participation is required to be included. Each broker completed an in-depth data profile and provided executive time (live in person or over the web) for an annual update meeting. We take pride in StockBrokers.com data quality because it is 100% verified by the industry itself. As part of our process, we hand check and validate each data point to ensure its accuracy.

This rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test.

Still aren't sure which broker to choose? Ask us a question! Whether you are a beginner investor learning the ropes or a professional trader, we are here to help. Email us your online broker specific question and we will respond within one business day. It is our satisfaction guarantee.

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Blain Reinkensmeyer

About the author: Blain Reinkensmeyer As Head of Research at StockBrokers.com, Blain Reinkensmeyer has 18 years of trading experience with over 1,000 trades placed during that time. Referenced as a leading expert on the US online brokerage industry, Blain has been quoted in The New York Times, Forbes, and the Chicago Tribune, among others.

Steven Hatzakis

About the author: Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.


All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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