Compare the best futures brokers in 2022

Our panel of expert traders have rated and reviewed the best futures brokers. Read on to find out which futures trading platform came out as our top ranked service.
By:  & 
Updated: Oct 31, 2022
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To create a list of the best online futures brokers we asked our trading panel to review each service and rank them according to a set of criteria. The criteria included all the most important things to look out for when it comes to choosing a trading platform, like cost, accessibility, and the range of products on offer.

Once each of our experts had put together a ranking of their favourite futures platforms, we stitched them together into an overall ranking of the best futures trading platforms around today. Below is a quick-hit list of the services we rated best and you can find a deep dive into each platform further down the page.

Best futures trading platforms overall for 2022

  • eToro: best futures broker overall
  • AvaTrade: best for trading futures with leverage
  • City Index: best for advanced futures traders

Compare the best futures brokers

If you’re ready to start trading right now you can use any of these top-rated futures platforms by clicking the links below. It only takes a few minutes to sign up and you can trade your first futures contract in a matter of minutes.

1
Min. Deposit
$ 10
Promotion
User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
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
$ 100
Promotion
User Score
10
Trade out-of-hours on over 70+ US stocks
Get exposure to a wide range of popular UK, US and international stocks
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal
Full Regulations:
ASIC, FCA, FINMA, is a licensed bank (IG Bank in Switzerland)
Spread bets and 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 spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
3
Min. Deposit
$ 0
Promotion
User Score
9.5
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Start Trading
Payment Methods:
Full Regulations:
4
Min. Deposit
$ 500
Promotion
User Score
9.0
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
Payment Methods:
Bank Transfer, Bank Wire, Credit Card, Debit Card, PayPal, Sofort, neteller, skrill
Full Regulations:
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 platforms

1. eToro: Best futures broker 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. eToro offers a range of futures markets in stocks as well as commodity markets like oil, gas, wheat, and cocoa among others. You’ll also have access to 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.

Pros

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

Cons

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 

2. AvaTrade: Best futures broker for leveraged trading

AvaTrade is another of our top rated futures brokers. Our experts have ranked it as the best futures platform to trade with leverage and AvaTrade boasts fairly tight spreads as well. AvaTrade has a range of futures markets and mainly focuses on CFDs, with a wide selection of other markets available. 

What makes it such a good choice 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.

Pros

  • Use of MT4 platform 
  • Tight spreads 
  • Good selection of commodity futures 
  • Free demo account for simulated trading 

Cons

3. City Index: Best futures platform for experienced traders

City Index is an award winning broker that ranked as our best choice for serious futures traders, with plenty of advanced trading features, like charts and technical indicators. 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 and you can choose from its custom web trader or MetaTrader 4 platforms, or use its mobile app while you’re on the go. City Index also offers a range of risk management tools, such as a minimum account balance protection.

Pros

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

Cons

The top futures brokers for your needs

Which futures trading platform is best for beginners?

eToro is the best futures trading platform for new users. It’s perfect for beginners, with lots of friendly tools to make futures trading more accessible, such as a demo account and social trading with its CopyTrader feature.

Which futures broker has the best app?

Capital.com has the best futures trading app. The Capital app has won industry awards for its performance and we found it to offer the best mobile futures trading experience.

Which futures broker has the lowest fees?

eToro offers commission-free CFD futures trading. This means you can open trades on futures contracts without paying a fee or commission. As it’s done through a CFD (a contract for difference), you’re simply placing a trade that predicts whether the price moves up or down.

Who has the fastest futures trading platform?

Fidelity has the fastest execution on futures contracts. For regular traders, the average speed of an order execution is just 0.05 seconds. While there are some subscription services which offer faster trading to professionals, this is by far the best for a normal user.

Which is the biggest online broker that offers futures?

There are lots of ways to define ‘biggest’. Ninja Trader, Optimus Futures, and Interactive Brokers are three of the platforms that have the largest number of active traders.

What is a futures broker?

A futures broker is a trading platform that allows individual investors to trade futures contracts. Futures contracts are a type of derivative that let you buy an asset at a predefined price and time. These type of brokers offer futures contracts on a wide range of assets; everything from international stock markets like the S&P 500, to commodities like crude oil and currencies like the dollar have futures contracts available. 

Lots of brokers allow you to trade futures through spread betting or CFDs, which means you won’t actually own the underlying asset you’re trading, but will have access to its true futures price. CFD trading is generally the best and least expensive way for the average user to trade futures contracts and most CFD brokers offer futures trading.

Do I need a broker to trade futures?

Yes, you need to use a broker or trading platform. Online futures brokers have access to the actual exchanges where futures contracts are traded. Individual investors generally do not have the same access and therefore need to use a broker to trade this way. The broker offers the contract – possibly with a mark-up on top in the form of a fee or commission – as a simple buy or sell option.

How much does it cost to trade futures?

The cost varies depending on the broker but commissions for futures contracts range from just $1 to $10, depending on the type of asset you’re trading. In addition, some futures trading platforms require a monthly platform fee too. To cut down on costs its often a good idea to use a broker that offers a futures contract via spread bets or CFDs, which are often commission-free.

How should I choose a futures trading broker?

There are lots of factors to consider and the right balance between them will vary for each person. Here are the key factors that played into our experts’ rankings and helped them decide which futures platform is best. 

  • Fees. Futures brokers make money from fees each time you make a transaction. Trading futures contracts can be relatively expensive compared to regular stock trading and the fees can quickly add up. Compare the fee structures on offer from different brokerage accounts before you sign up, and if you plan on being a serious trader, then many platforms have volume discounts available and you should look to make use of these.
  • Desktop trading platform. Each trader requires a robust and well equipped desktop trading platform. The best services integrate with advanced web-based desktop platforms with lots of technical tools aimed at traders, such as MetaTrader 4. If you want to use MT4 or a similar web-based desktop platform, make sure it integrates with the broker before you sign up.
  • Range of markets. You can find futures 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. All of the brokers that made our list offer futures trading on leading stock markets in the UK, US, and Europe. For Bitcoin futures, commodities futures trading or forex futures/options you may need to use a different platform.
  • Security. When using a futures broker you will want to find one that is extra secure. Look for futures platforms that are regulated by a financial authority like the FCA (Financial Conduct Authority in the UK) or SEC (Securities and Exchange Commission in the US), and which offers additional security measures when you log in, like two factor authentication. 
  • Payment fees. It’s not uncommon for futures trading platforms to charge a fee for deposits and withdrawals in addition to trading fees and commissions. These charges can quickly add up and eat into your capital. There are lots of brokers around that charge no payment fees, and we rated this particularly high when ranking the platforms on our list. 
  • Mobile app. Almost all 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 analysis tools or indicators pre-installed. When it comes to futures contracts, many advanced features are often required, such as price alerts and research tools. Look for a futures broker that offers these.

Should I use a futures broker?

A forex broker is the best way to access the futures market. There are lots of futures trading brokers that offer futures via the likes of spread bets or CFDs and using a broker that offers these derivatives is the best option for the regular trader.

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.

What are the risks of using a futures broker?

Futures trading platforms 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
  • The best often have advanced technical trading tools 
  • If you choose the right broker, costs can be fairly low

Risks

Methodology: How did we choose the best futures broker?

The futures platforms 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. 

FAQs

What is the best futures broker?
What is a futures contract?
Is it safe to use a futures broker?
Can I trade with leverage on a futures broker?
Where can I find the best futures brokers?
Do all brokers allow futures trading?
Can I trade options with a futures broker?
Can I trade futures on Fidelity?

Sources & references
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.
James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.