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Online Discount Futures Broker Comparison


Discount Online Futures Brokers are compared at Deep Discount Futures to give Futures Traders a snapshot of the best Online Futures Brokers and check Trading Commissions, Minimum Account Sizes and Services such as Quotes, Charts, Trading Platforms and Commodity Futures Research.

Suggestions When Choosing an Online Discount Futures Broker: If you are an experienced futures trader and you are shopping for rates, realize that you need to compare apples to apples. Make sure you ask upfront for an all inclusive rate. This includes: Round-Turn Commissions (in and out, not per side), Exchange Fees, Broker Fees, NFA Fees, Clearing Fees, Platform Fees, Account Maintenance Fees, etc. Some Futures Brokers can be a bit misleading when they quote a low per side rate to get you to open an account. Then, you realize there are alot of hidden fees. Make sure you ask about every fee you could possibly have to pay before you open an account to trade commodities, futures and options.

High Volume Traders: Futures Traders who trade a high volume online certainly can get further breaks on trading commissions. All you have to do is ask. Provided you are a good client who trades futures and options regularly and responsibly, you should be able to get a lower commission. Some of the better Online Futures Brokers will publish a breakdown of rates on their websites by frequency of trades. In this case, you may not have much leverage beyond those stated commissions. However, it cannot hurt to ask.

Below is a listing of Online Discount Futures Brokers for trading Futures, Commodities and Options. We tried to make an accurate commparison among the Futures Brokers stated rates and fees. Some are not very straightforward about their actual rates. We based our comparison on the "average trader" who trades less that 100 futures contracts and options a month and opens an account with the minimum amount. Obviously rates will be cheaper than stated below for active traders. Rates are based on what the broker charges. All tarders have to pay the exchange fees which are about $2.38 per contract per round turn. However, you will be able to find the lowest rates among Online Futures Brokers and what they have to offer. (Updated August 8, 2017)

Futures Broker Notes Commissions Minimum Account Platforms/Services
TradeStation
800-808-9336
tradestation.com
Once the Standard for trading technology, now many other futures brokers/platforms have closed the gap. Average about $5 per R/T for Eminis. $5,000 They now have different pricing models that remove the $99 monthly platform fee. Excellent back-testing software for system trading.
Interactive Brokers Group
877-442-2757
interactivebrokers.com
Probably the best Commission Rates you'll find. One of the top places to look for an Online Discount Futures Broker. $3.46 - $4.80 Minis
$8 Pit Traded
$4,000 Very Low Commissions, Trading Platforms, Geared for the Active Discount Trader.
Optimus Futures
800-771-6748
optimusfutures.com
Optimus has been around a long time. About the lowest rates you will find and they stress service. Very competitive rates starting at $1 per RT to as low as .20 per RT. $2,500 - $10,000 They have basically every platform and data feed you could want and a huge variety of services and resources.
Generic Trade
800-707-2006
generictrade.com
Plain vanilla just like the name suggests. 59 cents per side Commissions For All Accounts (any size - any volume) .59 per side + standard exchange and NFA fees.
No Minimum They have their own trading platforms - Generic Online and Generic Professional.
Advantage Futures
312-800-7000
advantagefutures.com
One of the biggest and lowest priced futures brokers. Rates from .99 per RT (0-100 contacts per month) to 0.19 per RT (5,000 + contracts) $10,000 Very low rate and wide variety of services.
Apex Futures
800-411-2004
apexfutures.com
Free platforms: ApexTrader & NinjaTrader. $1.99 per side ($3.98 RT) commission for electronic markets, plus NFA and clearing. $3,000 Daytrade margins as low as $500. Discount rates, but not the lowest. Platforms offered: ApexTrader, MarketDelta Trader, MultiCharts, Sierra Chart, X_Trader Pro
eFutures
800-446-3887
efutures.com
Futures Broker that has been around a while, good rates and services. $1.29 per side ($2.58 RT) plus NFA and exchange fees. $5,000 for online rates efutures Trading Platform powered by CQG.

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DeepDiscountFutures.com provides a comparison of Online Discount Commodity Futures Brokers. We compare the brokers discount commission rates, fees, services, trading platforms all in order for Futures Traders to find the best Online Futures Broker for their Commodity Trading.