- Richard Berry
- May 3, 2023
Our comparison table of US futures brokers covers the key account features. These include, tight pricing, financial security, regulation, range of markets, added value and reviews.
Best US Futures brokers reviewed
Trading and investing carries a high level or risk and losses can exceed your deposits. Featured brokers appear first.
Interactive Brokers
Interactive Brokers Review
Name: Interactive Brokers
Description: Interactive Brokers is a major US online automated electronic broker company. The financial broker is listed on the Nasdaq Exchange with ticker IBKR. The firm operates in 150 electronic exchanges in 33 countries, and offers trading in 23 currencies. Interactive Brokers has more than 1.75 million institutional and retail customers.
Why we like them
Interactive Brokers is an exceptional trading platform that offers institutional-grade trading capabilities to private clients around the world. IBKR has some of the lowest trading and investing fees and the widest market range in the industry.
Pros
- Very low dealing fees
- Wide market range
- Direct market access
- Complex order types
Cons
- Customer services can be slow
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Pricing
(5)
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Market Access
(5)
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Online Platform
(5)
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Customer Service
(3)
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Research & Analysis
(5)
Overall
4.6FAQs:
Here are the answers to the most commonly asked questions by people searching for the best futures brokers in America.
We have ranked Interactive Brokers as the best futures broker in the US. They won our award for “best futures broker” in 2023 because they offer very low-cost trading with a professional-grade futures trading platform.
Buying and selling within the futures market revolves around the price of certain commodities. There are plenty of commodities to choose from, but ultimately the futures market is dominated by around a dozen of them. The most popular future in the US is crude oil followed by heating oil and sugar. RBOB Gasoline as well as gold and corn also feature highly amongst some of the most popular commodities. Throughout 2017, wheat, soybeans and copper were also highly traded commodities.
You need a futures broker to trade futures in the US. For those thinking about investing there are plenty of US futures brokers to choose from. It is however, a highly changeable marketplace that requires the most up to date knowledge available. Making the right decision when it comes to a broker is vital so it’s important to seek out a US futures broker that has a high level of real-time data and quotes. You’ll also want to look out for brokers who do plenty of research based on technical indicators and screening tools.
It’s important to remember that futures investment is often riskier than most investment strategies because you’re essentially betting on the direction a market is likely to go, something that even the most professional and experienced analysts sometimes struggle to forecast. The futures market is difficult to crack simply because despite all the research you do and how confident you may feel about a particular investment, you could still lose plenty of money quickly.
In order to trade futures online, you’re going to want to find a reputable US futures broker. Some will have a minimum amount threshold, meaning you could need $5000 to start investing. If you do, then you can expect access to a wide selection of markets and with plenty of data on offer as well as customisable tools and trading options, giving you everything you need to turn a profit at your fingertips.
For those on more of a budget and who are perhaps new to trading, it may be worth considering one of the several brokers where there’s no minimum amount required. Also look out for brokers who provide a two-week demo for those who are new to US futures brokers and want to try out the service before making a commitment. It’s a good idea to keep an eye out for brokers that offer generous fees as well, with many prices starting from just $0.59 per contract, per side commission as well as no inactivity fees.
