Best Futures Trading Platform 2021

For example, the typical initial margin for the E-mini S&P 500 futures contract is $6,930 through the exchanges. Traders who are uncertain what financial product they will finally trade consider TradeStation. The costs are higher compared to Optimus Futures and NinjaTrader Brokerage, but traders can also trade stocks and options besides futures from one account. Day traders consider that TradeStation’s margins are much higher compared to Optimus Futures and NinjaTrader.

You can start day trading with NinjaTrader with as little as $400 & prepare for the live markets with unlimitedrisk-free simulated trading. When you are ready for live trading, keep your trading costs low through deep discount commissions and $50 margins on Micro E-mini futures. Compared with trading stocks or even leveraged ETFs, futures require much less capital up-front and provide the most leverage for the margin. This allows traders to control contracts much more valuable than their initial investment.

Interactive Brokers futures margin varies by contract; some 50%, select contracts 100%. No matter how great you think you are as a trader, there’s always a new idea that can help you improve your results. Too often, traders get caught up in thinking they already know enough and aren’t willing to learn anything new. As market conditions change, this type of trader is left behind with nothing to show but losses.

National Futures Association Fee

For example, if you held a 10-year contract through a typical trading session, you could see your profit/loss fluctuate up to $700 (0.70 points x $1000/point). Viewing a one-minute chart will show there are many opportunities to get into and out of trades as the price fluctuates throughout the day. Before you start day trading futures, you should learn about the details of each market so you can make the best choice . Sierra chart – Best futures trading platforms for macSierra Chart is my trading platform of choice. Certainly the best futures trading platforms are windows based.

Oanda is a forex broker with 23 years of experience in the industry, allowing futures traders to speculate on forex prices on their OANDA Trade platform and MT4. offers futures traders educational material on trading hours, margin requirements, specification and order types. When evaluating which stock market futures app you will want to use for placing your trades, you will want to consider the types of fees you will pay to trade on these platforms. Below, we highlight some of the most common fees and commissions you will face using the apps highlighted above.

  • That means you should have a more extensive account to trade it.
  • This is because futures require a much larger minimum capital outlay in comparison to traditional financial instruments.
  • has transparent pricing, but offers several account types with different spreads and pricing making it hard to surmise as a whole.
  • A futures contract is an agreement to buy or sell an asset in the future, at a later date.
  • However, if you remain open to new ideas, you will be able to change with the markets—and profit consistently, no matter what they do.

Most day traders already know both these platforms, and choosing between them may come down to how many in-platform features you need and how much margin you use. It loses the apples-to-apples comparison when it comes to day trading tools on the platform, but it is still a very solid day trading platform considering it comes to you in a no-cost format. It is nice to see that the major players continue to evolve while leaving some space for ambitious new entrants.

Best Books For Futures Trading

Fidelity Investments provides the core day-trading features well, from research to trading platform to reasonable commissions. The company’s flagship platform, Active Trader Pro, offers a fully customizable look while Wealth-Lab Pro, a backtesting tool, lets you test a strategy against 20 years of historical data. The research on tap is among the best in the industry, with reports from Thomson Reuters and Ned Davis, among others. For all this, you’ll pay no commission on stock and ETF trades, and Fidelity also prides itself on not nickel-and-diming you on other account fees either. If you’re a retail client based in the US – then the best futures trading platform for you could be TradeStation.

best futures day trading

It’s important to weigh your own risk tolerance before you take your stance in the debate between futures and options. Use our guide to better understand both futures and options before you invest. Futures trading is just a matter of sticking with your trading plan, knowing the size and number of contracts you are going to trade and understanding your risk. Tradovate offers membership pricing and commission-free trading. You’ll get an integrated experience you can carry seamlessly across any device whenever you want it. Now that you know where to look, pull up an intraday chart of each, and see which aligns with your day-trading strategies the best.

Futures Day Trading Is Mental

The most commonly traded futures markets include commodities and indices. However, you can also trade futures on stocks, interest rates, Bitcoin, currencies, and more. The futures trading scene operates much like the traditional stock exchange. That is to say, most trading is conducted during standard market hours – Monday to Friday. With that said – and much like conventional stocks, it is also possible to trade futures outside of standard market hours.

best futures day trading

In fact, doing this is high-risk, as you might be liable to buy the underlying asset if you are still holding the contracts upon maturity. This means that you can trade the asset best futures contracts to day trade in question in a much more flexible way, as you have the option of going long or short. This is important, as the minimum trade size in the futures industry is often very high.

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If you’re a beginner to the market, then give the pullback strategy a try. It’s a popular trading approach with a huge following base among retail futures traders. We also like trend-following strategies and trading in the direction of Venture capital the trend. Scalping is fast-paced and exciting and attracts many traders, especially those who are just getting started with trading. To be consistently profitable with scalping, you’ll need experience, discipline, and nerves of steel.

Our renowned services are designed to help you achieve your futures trading goals no matter what your trading experience, trading style and time horizons. You can find in-depth coverage of the futures trading platform as well as, the assistance we provide in our Software section. Both a free demo of the E-Futures International commodity futures trading platform and funded trading accounts are available here. In our view, eToro is the best futures trading platform to consider in 2021. You will have access to over 45 commodity markets on a commission-free basis. The regulated broker also offers a Copy Trading feature, leverage, and heaps of payment methods.

Futures And Futures Options Trading

Overall, is a good all round broker and is best suited to more advanced futures traders. If you’d like to learn more about the company and how to get started, please see our review. is a great platform for futures traders who want low-cost services and good research tools.

Best Platform Overall: Interactive Brokers

You will also need to apply for, and be approved for, margin privileges in your account. Traders utilise the data of buyer and seller interest to decide whether to buy or sell a futures contract. Buyer and seller interest is determined by the Depth of Market window, which shows the number of open buy and sell orders for a futures contract at a number of price levels. Alternatively, traders can also set other profit targets based on recent swing highs and lows or shorter-term support and resistance levels. You can build NinjaTrader around the data sets, presentation and trading tools that meet your personal needs.

For those unaware, hedging simply refers to the process of ‘covering your bets’ in the event the markets turn against you. If the trade isn’t made before the expiry date, it’ll happen hyperinflation automatically upon expiration at the agreed-upon price as both parties are obligated to make the exchange. Check out our top picks of the best online savings accounts for August 2021.

Author: Ian Sherr

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