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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. However, you will be able to find the lowest rates among Online Futures Brokers and what they have to offer. (Updated July 11, 2011)

Futures Broker Notes Commissions Minimum Account Services
TradeStation
800-808-9336
tradestation.com
One of the best Online Brokers, Famous for low rates and software. Average about $5 per R/T for Eminis, $13.98+ for pit traded $5,000 Platform and Data Fee of $99.95 is free if you trade over 10 R/T per month. 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.
ExpressFutures.com
888-769-9499
expressfutures.com
Division of Orion Futures. They stress service and good rates. Starting at $4 RT $5,000 Market Research, Trading Tools, Multiple Platforms
Generic Trade
800-707-2006
generictrade.com
59 Commissions For All Accounts (any size - any volume), 24 hour Tech and Trading Support, aggressive day trading margins. 59 per side + fees = $3.50 R/T for Emini S&P. Fees vary for other markets but still low.
No Minimum Great online futures broker for those who don't want a lot of hand holding. No bells,whistles or salespeople. Excellent rates, no minimum acct size, there is a fee if you want Firetip platform.
ProActive Futures
866-570-0735
proactivefutures.com
One of the newer Online Futures Brokers (2002), but they provide good rates. $4.73 for Minis
w/less than 350 R/T per month
Check Platform Fees
$2,500 Great Rates, Some Platforms charge fees, Demo Accts, Sim Trading.
Apex Futures
800-411-2004
apexfutures.com
Free platforms: ApexTrader & NinjaTrader. Lowest Commissions and Margins. $.99 commission for the ES,just mention DeepDiscountFutures.com $3,000 Very low commissions and daytrade margins ($400). Free trading platforms
Lind Waldock
800-445-2000
lind-waldock.com
One of oldest brokers, acquired by Man Financial. Rates are a bit high. $10 - $30 $5,000 Research, Simulated Trading, Portfolio Analyzer
eFutures
800-446-3887
efutures.com
Futures Broker that has been around a while, good rates and services. $10 +/- for online trading $15,000 for online rates All around features of a discount futures broker - rates, research, service.
Advanced Futures
800-888-3999
advancedfutures.com
They focus on trading the e-mini. $7.90 for $2,000 account
$5.90 for $10,000 account
$2,000 If you only trade the e-mini they may be OK. If you trade many markets, look elsewhere. $500 E-mini daytrade margins
Farr Financial
800-676-1562
farrdirect.com
They are an FCM, normally FCMs don't advertise lower rates to help thei IBs. $18 with $5,000 account $2,000 but commissions are higher They offer alot of services, but their commissions are high for an discount online futures broker.
Sonic Futures
800-341-7350
sonicfutures.com
They have some good features and platforms. $8 +/- for eminis
$14 +/- other markets
*check on fees
$2,000 - higher rates
$5,000 for rates listed here
Clear through Farr Financial, good support, quotes, charts, platforms.
Insignia Futures and Options
866-892-2030
insigniafutures.com
Low account minimum, service and research. $8 +/- Emini
$18 +/- Other Markets
*Check on Fees
$2,000, better rates with larger acctounts Good amount of services, trading platforms

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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.