Compare the best futures brokers in 2022

Trading futures requires a specific type of broker and can be a lucrative way to make money from the markets. This guide compares the best futures brokers for the year ahead.
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Updated: Jun 14, 2022

When it comes to selecting the best futures broker there’s a lot to consider. From low commissions, customer support, trading platform, and pricing, making the right choice can be the difference between a seamless trading experience and one riddled with difficulties. This beginner friendly guide compares the top brokers around to help you choose the right one. 

What are the best futures brokers?

If you’re ready to start trading right now you can check out any of the brokers below. Selected by our trading experts, they have all low fees and some of the top trading platforms around. Click on any of the links to register in just a few minutes.

1
Min. Deposit
$10
Promotion
User Score
10
Trade/invest in stocks with just $10
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Pros:
Trade/invest in stocks with just $10
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
2
Min. Deposit
$0
Promotion
User Score
9.3
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Start Trading
Pros:
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Payment Methods
Full regulations list:
3
Min. Deposit
$500
Promotion
User Score
8.7
We offer one of the best execution speeds in the industry with low latency
Award-winning support in 14 languages
Trade with precision from 0.5 pips on EURUSD
Start Trading
Pros:
We offer one of the best execution speeds in the industry with low latency
Award-winning support in 14 languages
Trade with precision from 0.5 pips on EURUSD
Payment Methods
Bank Transfer, Bank Wire, Credit Card, Debit Card, PayPal, Sofort, neteller, skrill
Full regulations list:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top futures brokers

1. eToro: Best overall

eToro is our experts’ top rated futures broker overall. Its simple to use trading platform fits the requirements of both novice and experienced futures traders. When using eToro it is possible to trade futures for a range of commodity markets like oil, gas, wheat, and cocoa among others. You’ll also have access to the thousands of other instruments available. 

One of the key factors that puts eToro above other brokers is its easy to understand fee structure. It charges zero commissions and its spreads are clearly displayed so you’ll always know what your costs will be. The broker also doubles as a social trading network with innovative tools like copy trading and smart portfolios.

Sign up with eToro >

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money 

Pros

  • Good choice of futures available 
  • Zero commissions
  • Tight spreads
  • Social trading and copy trading features

Cons

2. AvaTrade: Best for beginners

AvaTrade is another top rated broker for trading futures. Our experts have ranked it as the best for beginners who have little experience of the futures market. Like eToro above, AvaTrade has a range of commodity-only futures markets and includes assets like gold, oil, and gas. It mainly focuses on CFDs and has a wide selection of other markets available. 

What makes it such a good choice for beginners is the ability to use the popular MetaTrader 4 platform. It’s one of the most used platforms for retail traders in the world and because of its popularity you’ll be able to find lots of helpful guides and custom indicators to make trading decisions. AvaTrade also gives futures traders access to leverage and has fairly tight spreads.

Sign up with AvaTrade >

Pros

  • Use of MT4 platform 
  • Tight spreads 
  • Good selection of commodity futures 
  • Free demo account to practice trading 

Cons

3. Plus500: Best for low fees

When choosing a futures broker, fees are something that need to be considered closely as they can quickly add up. Our experts rated Plus500 as the best futures broker for low fees. Not only does it have zero commission on trades, its fees for using its custom platform are some of the lowest around. It also clearly displays its charges so you’ll know what to pay. 

The only additional fees that may occur are overnight rollovers, guaranteed stop orders, and inactivity charges. Its competitively low spreads will help lower your futures trading costs too. On Plus500 you won’t actually trade the futures market as it offers CFDs only, however, its prices are from the futures market and not spot.

Sign up with Plus500 >

Pros

  • Fees clearly displayed on platform 
  • Zero commission
  • Good selection of assets 
  • Low spreads

Cons

4. City Index: Best for trading

City Index is an award winning broker that lets you trade a broad range of assets and lots of futures. Similar to Plus500 above, it’s primarily a CFD broker but does offer futures trading via spread bets and CFDs. This makes it advantageous for traders who don’t need to concern themselves with taking delivery of an asset when its contract expires. 

On City Index you can trade lots of futures markets from commodities to indices. Its three platforms have a range of features and tools like advanced charts and technical indicators making it easy for traders to analyse the markets. You can choose from its custom web trader or MetaTrader 4 platforms, or use its mobile app while you’re on the go.

Sign up with City Index >

Pros

  • Wide selection of futures markets 
  • Choice of trading platforms
  • Average execution speed of 0.05seconds
  • Lots of technical tools available 

Cons

What is a futures broker?

It is similar to a stock broker and is a regulated business that allows individual investors to trade futures contracts. Futures brokers have access to exchanges where futures contracts are traded. Individual investors generally do not have the same access and use the services of a futures broker. Futures contracts are a type of derivative that allows individuals to buy an asset at a predefined price and time.  

How do futures brokers work?

Futures brokers act as a ‘middleman’ between a trader and an exchange. Futures brokers let investors trade futures contracts on a wide range of assets. Everything from indices like the S&P 500, to commodities like crude oil, and currencies like the dollar among others have futures contracts available. 

Futures are traded mostly by institutional investors although online trading platforms have opened the space up to retail investors. Lots of brokers allow you to trade futures through spread betting or CFDs which means you won’t actually own the asset you’re trading, but will have access to its true futures price and generally lower costs. 

How should I choose a futures broker?

To choose the most suitable futures broker you’ll need to consider a lot of factors like fees, spreads, and trading platform. Below we’ve included some of the main things you need to think about when selecting a futures broker. 

  • Fees. Futures brokers make money from fees each time you make a transaction. Trading futures contracts can be relatively expensive and the fees can quickly add up. Make sure to check your brokers fee structure prior to joining. 
  • Trading platform. Traders especially will require a robust and well equipped trading platform. The best futures brokers have advanced platforms with lots of technical tools aimed at traders. 
  • Range of markets. You can trade futures contracts on almost any asset but not every broker offers the same markets. If you want to trade contracts on a specific market you’ll need to check that your broker offers it. 
  • Security. When using a futures broker you will want to find one that is extra secure. Most brokers are very secure and some take it even further with things like two factor authentication. 
  • Payment fees. It’s not uncommon for futures brokers to charge a fee for deposits and withdrawals. These charges can quickly add up and eat into your profits. There are lots of brokers around (like some on our list) that charge no payment fees. 
  • Mobile app. Almost all futures brokers have a mobile application that you can use on your smartphone or tablet. If you want to check your trades while on the go a broker with a good app is essential. 
  • Technical tools. Most trading platforms have lots of technical tools or indicators pre installed. When it comes to futures contracts, other advanced features are often required. If you need additional tools, make sure your broker offers them. 

Should I use a futures broker?

If you want to trade futures contracts then yes you should use a futures broker. As mentioned earlier, there are lots of brokers that offer futures via the likes of spread bets or CFDs. Using a broker that offers these derivatives is a good idea if you dont want to use a futures only broker. 

For experienced investors or traders who require additional features then using a broker that mainly focuses on the futures market is recommended. These types of brokers will have a wide range of tools, resources, and research available to help your trading. To find the most suitable futures broker you can check out our comparison table above. 

What are the risks of using a futures broker?

Futures brokers are usually safe to use but you should always go with one that’s regulated in your region. To help you decide if a futures broker is right for you you can use the benefits and risks table below:

Benefits

  • Access to the futures market and prices
  • Wide range of assets can be traded through futures contracts
  • Futures brokers often have advanced technical tools 
  • If you choose the right broker, costs can be fairly low

Risks

What are the fees for using a futures broker?

Commissions for futures contracts can range from just $1, all the way up to $10 depending on the type of asset you’re trading. You may have other charges like payment fees and some futures brokers require a monthly platform fee too. To cut down on costs its often a good idea to use a broker that lets you trade futures via spread bets or CFDs. 

Methodology: How did we choose the best futures broker?

The futures brokers listed on this page were evaluated following a strict process. Each broker was tested by our trading experts and a number of features were considered when making rankings. These included registering an account, making a deposit, using a trading platform, placing a trade, and withdrawing funds. 

We used our own research as well as online reviews during our comparison. Our rankings and reviews have not been influenced by any brokers. However, on occasion we may earn an affiliate commission if you click a link and register an account. Each broker listed on this page has its own review here on our website. 

To learn more about our review process you can visit this page.   

FAQs

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Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.