6 Best Futures Brokers Of 2023

In the ever-evolving world of finance, futures have emerged as powerful instruments, enabling investors to anticipate future asset prices. The key to harnessing their potential lies in selecting the right futures broker, a partner that offers a reliable platform, competitive costs, and exceptional customer support. This article takes you on a journey through the top six futures brokers of the year, highlighting their offerings, benefits, and unique features.

We begin with a spotlight on Interactive Brokers, a stalwart in the industry, celebrated for its professional-grade services across the globe. Next, we delve into Saxo Bank, a Danish institution that excels in providing both professional trading applications and leveraged instruments. Degiro, our third contender, offers an array of futures contracts and other financial products, making it an attractive choice for a diversified portfolio.

Admirals takes the fourth spot, emerging as a favorite among traders seeking CFDs and stock options. eToro, in the fifth position, caters to budding traders by focusing on social and copy-trading experiences. Lastly, WH SelfInvest, our sixth contender, stands out with its diverse array of trading options and user-friendly NanoTrader platform.

The journey doesn't stop at evaluating these brokers; it extends to recognizing the significance of incorporating futures into your trading strategy, along with the complexity and risks they entail. As we dive into the world of futures trading, remember that making an informed choice aligns with your trading style and objectives.

A reliable and skilled broker can offer a trustworthy trading platform, competitive costs, and excellent customer support, which are vital components for success in this arena. Now, let's explore where and how to trade futures, which brokers stand out, and how to make the right decision in this comprehensive article.

6 Best Futures Brokers of 2023

• Interactive Brokers
• Saxo Bank
• Degiro
• Admirals (formerly Admiral Markets)
• eToro
• WH SelfInvest

1. Interactive Brokers

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At the forefront is Interactive Brokers, a powerhouse that's been in the business for over 44 years, providing professional-grade brokerage services to global users. Depending on your location, you'll tap into one of their trademark services. To harness the futures market's potential, Interactive Brokers offers trading in over 100 stock market orders across various asset categories like agriculture, cryptocurrencies, currencies, energy, stock indices, and more, spanning 30 global markets. With commissions ranging from $0.25 to $5 per contract, they also account for stock market fees, regulatory fees, and carrying fees. Their pricing adapts to your trading volume, offering decreasing or fixed pricing options. Beyond futures, Interactive Brokers extends its platform to various other products, including stocks, options, currencies, crypto, bonds, and more. It's a robust choice for experienced traders due to its advanced tools, analysis, and services like ComboTrader and SpreadTrader. The broker offers different trading platforms tailored to specific needs, such as the Client Portal, Trader Workstation, Mobile Version, and more.

2. Saxo Bank

Claiming the top spot is Saxo Bank, a Danish-born broker established in 1992. This well-regulated institution spans over 15 jurisdictions across Europe, the Middle East, and Asia. Saxo Bank is the go-to for those seeking professional trading applications with an investment bank's touch. They provide a diverse array of investment products, including leveraged instruments. Futures enthusiasts can access these markets directly or through CFD futures, offering exposure to commodities, indices, forex, and bonds. With over 300 futures from 28 global exchanges, Saxo Bank's offerings are extensive. Pricing varies depending on your location and chosen currency. Their trading platforms, like SaxoInvestor and SaxoTraderGO, offer comprehensive tools, while third-party software like TradingView adds more options.

3. Degiro

For those interested in a Dutch touch, look no further than Degiro, a regulated broker since 2013. Founded in 2008, they boast a wide range of futures contracts traded on 14 international stock exchanges. Beyond futures, Degiro provides access to various financial products, including stocks, ETFs, currencies, bonds, and more, making it a solid choice for building a comprehensive stock market portfolio. Futures traders will appreciate the competitive fees, starting at €0.75 per contract for European exchanges and $0.75 per contract for American exchanges. With a user-friendly online trading platform, Degiro combines technical and fundamental analysis tools with market insights and recommendations.

4. Admirals (formerly Admiral Markets)

Admirals takes third place with its multi-regulated standing and over 20 years in the field. This broker is gaining popularity in France due to its extensive offering of CFDs and stock options. They offer futures CFDs on commodities, indices, and bonds, catering to traders seeking a diverse range of options. Admirals caters to different trading needs through popular platforms like MetaTrader. Their educational content, live trading sessions, and customer service make them a suitable choice for traders aiming to hone their skills.

5. eToro

In the fifth spot is the favorite among beginner traders—eToro, a multi-regulated Israeli broker founded in 2007. It's perfect for those interested in social trading and copy-trading, providing a community-driven approach to trading. While eToro primarily focuses on CFDs across multiple assets, their limited range of CFD futures on indices, bonds, and commodities might not be suitable for those heavily into futures trading. Their online platform fosters interaction among traders, offering a unique social trading experience.

6. WH SelfInvest

Last but not least, WH SelfInvest enters the scene. Established in 1998 and hailing from Luxembourg, this broker offers a wide array of trading options, from Forex and Index futures to CFDs and more. Their NanoTrader Trading platform caters to various trading styles, offering everything from scalping to automated trading. WH SelfInvest's strength lies in its user-friendly platform and the flexibility to accommodate various trading strategies.

Integrating futures into your trading strategy expands your horizons, offering access to diverse markets, high liquidity, and potential for high leverage. However, it's important to recognize the complexity and risks associated with these instruments. Careful consideration of your trading style, strategy, asset preferences, trading platforms, tools, fees, and customer support is crucial in selecting the best futures broker that aligns with your unique needs. Happy trading!

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