5 Best Future Trading Brokers in Comparison

Futures are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price. However, choosing the right futures trading broker can be tricky and time-consuming. Therefore, to help you get started, we’ve compared five top futures trading brokers, focusing on their key features and benefits.

These are the Top 5 Futures Trading Brokers:

List of the Best 5 Future Trading Brokers

Using the right broker can make all the difference when futures trading. Therefore, you should take your time and pick a broker based on the features you will utilize. Let’s dive into the detailed reviews of five top futures trading brokers and see what makes them the best in the industry.

1. EdgeClear

EdgeClear is our top futures broker at WR Trading, thanks to its innovative trading tools and advanced technology. Their proprietary platform, EdgeProX, is a game-changer. It offers cutting-edge charting capabilities, order flow analysis, and a user-friendly interface that traders will appreciate. The platform’s easy-to-use design makes it convenient to navigate, while its advanced features suit traders who need more sophisticated tools.

One of the most impressive aspects of EdgeClear is its high level of customization. Traders can personalize their workspace to fit their specific trading styles, which is a huge advantage. The real-time market data and various advanced order types available on EdgeProX make trading seamless and efficient. Also, the fees are ultra-low, starting at $0.22 per side. If you’re looking for a broker that combines innovation with flexibility, EdgeClear should be at the top of your list.

Feature	EdgeClear
Offers Futures?	Yes
Spreads and Commission	Commission starting from $0.22 per side
Trading Platforms	EdgeProX, EdgeEQ
Asset Types	Forex, stocks, ETFs, futures, and options.
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Podcasts, guides, and video tutorials.
Regulation	Commodity Futures Trading Commission

2. AMP Futures

AMP Futures has built a reputation for offering low commissions, which is a huge draw for traders who want to keep their costs down without sacrificing quality. Commissions start from $0.31 per side. However, as stated on the AMP Futures website, they will beat or match any commission quote, so you may get even better prices. This broker provides access to a wide range of trading platforms, including MetaTrader 5, Quantower, TradingView, and more, all ideal for futures trading.

One of AMP Futures’ key strengths is its extensive market access and liquidity. The platform provides access to multiple data feeds to get the best insights into the market. It also has no volume requirements, making it a great choice for those with smaller portfolios.

Feature	AMP Futures
Offers Futures?	Yes
Spreads and Commission	Commission starting from $0.31 per side
Trading Platforms	MetaTrader 5, Quantower, TradingView, and more.
Asset Types	Forex, futures, stock index, and commodities.
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Videos, guides, and a support forum.
Regulation	CFTC, CySEC, and NFA

3. Dorman Trading

Dorman Trading is a reliable futures broker, which is why we recommend them at WR Trading. They provide access to a broad array of futures markets via platforms like ATAS, BarchartTrader, Collective2, CQG, and more, all designed for high-speed execution and advanced charting. They also come with multiple technical indicators and charts that are customizable to adapt to your trading strategy. 

The standout feature of Dorman Trading is its execution speed. Their infrastructure utilizes the CME data center to minimize latency, ensuring that your trades are executed fast and accurately. This is important for traders who rely on precision and timing. Also, the fee structure is favorable to investors, starting at $0.32 per side.

Feature	Dorman Trading
Offers Futures?	Yes
Spreads and Commission	Commission starting from $0.32 per side
Trading Platforms	ATAS, BarchartTrader, Collective2, CQG, and more.
Asset Types	Forex, futures, stock, and more.
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Guides
Regulation	NFA

4. Wedbush

Wedbush has the best regulatory compliance and financial stability, with $3.5 billion in segregated funds. It holds licenses from the SEC, NFA, and FINRA, making it a trustworthy platform. This broker offers a selection of trading platforms, such as CQG and Wedbush Futures Trading Platform, made for institutional and individual traders. 

Beyond compliance, Wedbush excels in market access and liquidity. Their platforms efficiently handle large volumes of trades, making them ideal for high-frequency trading and large-scale operations. They also provide risk management services, tools, and protocols designed to protect active traders.

Feature	Wedbush
Offers Futures?	Yes
Spreads and Commission	N/A
Trading Platforms	Wedbush Futures Trading Platform, CQG, TT Trading Platform, CTS T4, R Trader Pro, and R Trader.
Asset Types	Futures, securities, options, treasuries, cryptocurrency, and more.
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Detailed investment analysis
Regulation	SEC, NFA, and FINRA

5. IronBeam

IronBeam is a favorite among tech-savvy traders, offering a platform rich in advanced technology and risk management tools. The Ironbeam Trading platform provides real-time data, sophisticated charting, and fast execution speeds, making it one of the best options on this list. The broker also provides access to other advanced trading software like TradingView, Sierra Chart, CQG, Jigsaw, MotiveWave, and Rithmic Trading Platforms.

Moreover, IronBeam offers advanced order types, which provide flexibility in trade execution. The platform supports algorithmic trading, allowing traders to automate their strategies for increased efficiency. Furthermore, IronBeam offers detailed market depth and high-quality data feeds, which are crucial for making trading decisions. The fees vary based on the asset type and trading platform, but generally, as stated by IronBeam’s customer support, commissions are around $0.99 per side.

Feature	IronBeam
Offers Futures?	Yes
Spreads and Commission	Commission starting from $0.99 per side
Trading Platforms	Ironbeam App, Ironbeam Trading Platform, TradingView, Sierra Chart, CQG, Jigsaw, MotiveWave, and Rithmic Trading Platforms.
Asset Types	Futures,
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Tutorials
Regulation	CFTC

How We Tested the Best Future Trading Brokers

To provide you with a reliable comparison of the top futures trading brokers, we conducted an in-depth evaluation based on several critical factors. Our goal at WR Trading was to identify brokers that offer a seamless trading experience, competitive pricing, extensive market access, and strong customer support. Below are the key criteria we used in our testing process:

Platform Usability

We tested each broker’s trading platform for ease of use, functionality, and the availability of advanced trading tools. A user-friendly interface is necessary for beginners and experienced traders. We looked at how easy the platform was to use, the availability of customization options, and the overall user experience. Platforms that provided features such as advanced charting tools, technical indicators, and automated trading capabilities scored higher in our testing.

Commission and Fees

Cost is a significant factor for traders, so we compared the cost structures of each broker. This included examining commissions, spreads, and any hidden fees that could affect overall profitability. Brokers with transparent and competitive pricing structures, including low commissions and minimal additional fees, were rated more favorably. We also considered the value provided for the cost, ensuring that lower fees did not come at the expense of essential features or support.

Market Access

We assessed the range of futures markets available through each broker. A comprehensive selection of markets allows traders to diversify their strategies and take advantage of different market conditions. Brokers offering access to a wide variety of futures contracts, including commodities, indices, currencies, and stocks, were preferred.

Customer Support

The quality and availability of customer support were critical factors in our evaluation. We tested each broker’s support through direct interactions, assessing their responsiveness, knowledge, and willingness to help. Brokers with 24/7 support, multiple contact methods (such as phone, email, and live chat), and fast resolution of issues scored higher. Excellent customer support is needed, especially for traders who may encounter urgent issues during market hours.

Regulatory Compliance

Regulatory oversight ensures brokers adhere to industry standards and provide a secure trading environment. We verified the regulatory status of each broker, ensuring they are licensed and regulated by reputable authorities such as the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States. Brokers with strong regulatory oversight and a history of compliance were rated higher, as they offer added security and peace of mind to traders.

Technology and Tools

The availability of advanced trading tools and technology was a significant factor in our evaluation. We examined each broker’s offerings, including charting software, risk management features, mobile trading apps, and automated trading capabilities. Brokers providing state-of-the-art technology and a comprehensive suite of tools to enhance the trading experience were rated higher. We also considered the reliability and performance of these tools during our testing.

Educational Resources

Supporting trader development through educational materials and resources is essential. We evaluated the quality and comprehensiveness of each broker’s educational offerings, including webinars, tutorials, articles, and training programs. Brokers that provide a wealth of educational content to help traders improve their skills and knowledge were considered superior. This is important for beginners who are still learning the intricacies of futures trading.

Regulation of Future Trading Brokers Explained

Regulation is important in futures trading as it ensures brokers operate transparently and fairly. Major regulatory bodies, like the Commodity Futures Trading Commission (CFTC), enforce rules that protect traders from fraud and financial mismanagement.

Choosing a regulated broker offers security, transparency, and recourse in case of disputes. These brokers must comply with strict guidelines, including maintaining segregated client accounts, undergoing regular audits, and providing transparent financial reporting. This regulatory oversight ensures a safer trading environment, allowing traders to focus on their strategies with confidence.

How to Create a Futures Trading Account

Creating a futures trading account involves several steps. Here’s a straightforward guide to get you started:

Choose a Broker

Select a futures trading broker from our shortlist that best meets your trading needs. Consider factors like platform features, fees, and market access.

Complete the Application

Visit the broker’s website and complete the online application form. This requires providing personal information, such as your name, address, and date of birth.

Read and Accept Agreements

Carefully review the broker’s terms and conditions, margin agreements, and risk disclosures. Understanding these documents is important as they outline your rights and obligations. Accept the agreements to proceed.

Verify Your Identity

Brokers require identity verification to comply with regulatory standards. You’ll need to upload copies of identification documents, such as a passport or driver’s license, and proof of address, like a utility bill or bank statement.

Financial Information

Provide details about your financial situation, including your annual income, net worth, and trading experience. This information helps the broker assess your suitability for futures trading and compliance with regulatory requirements.

Account Type Selection

Choose the type of trading account you want to open. Brokers usually offer multiple options with different fees, platform access, or other features. Select the one that best suits your trading goals and financial situation.

Fund Your Account

Deposit funds into your new trading account. Brokers offer various funding methods, including bank transfers, credit/debit cards, and electronic payment systems. Ensure you meet the minimum deposit requirement set by the broker.

Platform Setup

Once your account is approved and funded, download and set up the trading platform provided by the broker. Familiarize yourself with the platform’s features and tools to prepare for your trading activities.

What Is the Minimum Deposit to Start Trading Futures?

The minimum deposit to start trading futures varies significantly among brokers. For example, EdgeClear requires a $5,000 minimum initial deposit for standard contracts but offers lower requirements, such as $1,500, for micro contracts. This variation allows traders to choose a broker and contract type that fits their financial capacity and trading goals. Always consider the minimum deposit in relation to the broker’s features and your trading strategy.

Start Connection Your Futures Broker to the Trading Software

Connecting your futures broker to the trading software is an important step to ensure seamless trading. Here’s a detailed tutorial to guide you through the process:

Choose Your Trading Software

Select the trading software that best suits your needs. Popular options include MetaTrader 5, TradingView, Sierra Chart, and the proprietary platforms offered by some brokers. Ensure that the software is compatible with your chosen broker.

Download and Install the Software

Visit the official website of the trading software and download the installation file. Follow the installation instructions to set up the software on your computer. Most platforms are available for both Windows and macOS.

Obtain API or Connection Credentials

Once your trading account is set up, your broker will provide you with API keys or connection credentials. These details are essential for linking your trading software to your broker’s platform. You can typically find these credentials in your account settings or receive them via email.

Here’s how to get your API keys:

Start Connecting Your Futures Broker to the Trading Software

Once you have obtained the API keys or connection credentials, open your trading software and navigate to the settings or configuration section. Look for the option to add or connect a new trading broker, often labeled as “Account Setup” or “Broker Connection.” Enter the credentials you obtained from your broker, including the API keys and any necessary server details. 

Here’s a step-by-step example for inputting these credentials in a trading platform like MetaTrader 5:

• Open MetaTrader 5: Launch the platform on your computer.
• Go to Tools: In the main menu, click on “Tools” and select “Options.”
• Select the Server Tab: In the Options window, navigate to the “Server” tab.
• Click on Add New Broker: Enter the name of your broker or select from the list if available.
• Input API Credentials: You will see fields for API key, secret key, and any other necessary information. Enter the credentials you obtained from your broker.
• Test the Connection: After entering the information, click “Test” to ensure the connection is successful. If it fails, double-check your entries and try again.

Execute Trades and Regular Maintenance

With everything set up, you can now monitor the markets and execute trades through your trading software. Regularly check for and install updates to ensure your software runs smoothly and has the latest features. Also, periodically backup your settings and workspace layout to avoid losing them due to technical issues.

Conclusion

To summarize, we’ve reviewed five top futures trading brokers: EdgeClear, AMP Futures, Dorman Trading, Wedbush, and IronBeam. Each broker offers unique benefits and features to suit different trading needs. While these brokers are among the best in the industry, it’s crucial to align your choice with your specific trading goals and requirements. 

However, if you need help deciding we at WR Trading strive to provide valuable guidance for traders at all levels. Our courses are in-depth and assist traders to take their experience to the next level. Consider joining our community and learning the top trading strategies. 

Frequently Asked Questions on Future Trading Brokers