We are also focused on firms with more extensive customer service support capabilities, especially those that offer 24/7 access. Additional value-added services like paper trading simulators and heat mapping can help futures traders achieve their objectives. An ideal brokerage must have strong charting, technical analysis and research capabilities to support this. These firms offer greater versatility and flexibility for futures traders.įutures traders are highly active, making many trades a day. Brokerages offering exposure to various futures types across many markets and geographies scored higher. The range of offerings played an important role too. We eliminated brokerages with higher-than-average per-contract fees or less transparent fee structures for futures trades. Why other online brokers didn’t make the cutįutures traders have a unique set of needs for brokerages: a combination of low fees, a wide range of offerings, and strong research and analysis capabilities.įees played a large role in the rankings. protections, additional asset protections, and additional insurance. The insurance category reviewed whether the brokerage has Federal Deposit Insurance Corp. The top raw score was 0.79, curved to a 5-star rating as the highest possible score. Data points were scored on a 0.00 to 1.00 scale.Within each major category, we considered several subcategories, combining them to give an overall score for that category which we then weighted to calculate an overall ranking of the brokerages.Our researchers verified the survey data and confirmed any missing data points by contacting each company directly and via online research.Īmong all the brokerages considered, the six that made our list excelled in areas across 10 major categories (with weightings): range of offerings, trading costs, account minimums and fees, features, advisory services, insurance, customer service, education/research, security, margin interest rates and cash interest, and portfolio analysis. to rank the best available today.įor our rankings, we sent a digital survey of more than 70 queries to each company we reviewed. We have reviewed and researched some of the largest online brokerages in the U.S. The platform’s commitment to transparent, competitive pricing structures with no hidden fees is also a welcome sight, currently standing at $2.25 per contract plus any exchange and regulatory fees. TD Ameritrade’s advanced thinkorswim trading platform is particularly lauded for its real-time data, customizable charts and robust technical tools, which give futures traders a comprehensive picture of market trends.įurthermore, TD Ameritrade provides a wealth of educational resources, including articles, videos and webinars, making it a compelling choice for experienced traders and those new to futures. Micro futures are also offered, which gives access to futures trading for investors with smaller account sizes. The platform provides access to futures trading on a range of over 70 products on a 24 hours a day (six days a week). TD Ameritrade stands out as an appealing choice for futures traders, offering an impressive blend of powerful tools, extensive research and excellent customer service. To find the best brokerage for futures trading, our ranking considered factors such as fees, trading platform capabilities, customer service and educational resources offered. “A good futures broker should provide their clients with expertise, excellent customer support, low fees and an easy-to-use, intuitive trading platform,” says Sam Boughedda, equities trader and writer at. They can track underlying assets, including commodities like oil, precious metals like gold, agricultural products like soybeans, financial instruments like stock indexes, bonds and currencies, or even cryptocurrencies like bitcoin. Like stocks, futures are traded on an exchange. These financial contracts allow a buyer to purchase an asset (or the seller to sell an asset), such as a physical commodity or a financial instrument, at a predetermined future date and price. The world of derivatives offers unique opportunities for investors looking for greater versatility beyond traditional assets like stocks and bonds.Ī potent instrument in this category are futures.
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