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Best futures brokers today


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Best futures brokers today

  #1 (permalink)
MollieP
Las Vegas, Nevada
 
Posts: 10 since Feb 2022
Thanks Given: 3
Thanks Received: 8

Hi everyone,

I知 a futures day trader who does large volume (manually) every day.

I知 curious what the best futures brokers are today?

I知 not well optimized and it痴 time to make a move.

Thank you for your time

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  #2 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207

Define large and best?

I've been with Advantage Futures for almost 20 years. Been extremely happy with their rates and support. They clear a lot of prop traders and ex-pit locals, as opposed to retail traders. They are trading system agnostic, and don't have their own front end but have excellent rates if you really are moving a lot of volume.

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  #3 (permalink)
 OneEye 
The Netherlands
 
Experience: Intermediate
Platform: proprietary
Trading: ES
Posts: 41 since Dec 2017
Thanks Given: 151
Thanks Received: 58


Maybe you have a look at Interactive Brokers.

They are large, are globally active and have discounts for trading 1.000+ contracts a month.

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  #4 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207


OneEye View Post
Maybe you have a look at Interactive Brokers.

Interestingly IB would be on my don't touch list. They do have some nice features, you can trade everything (futures, stocks, fx) in one account, and they do have their own free front end/software. But their customer service is horrific, their margining policies are some of the worst in the industry and you'll also find a lot of complaints against their data feed although I haven't experienced the later myself. As I said in my first response, depends upon what you mean by best?

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  #5 (permalink)
 OneEye 
The Netherlands
 
Experience: Intermediate
Platform: proprietary
Trading: ES
Posts: 41 since Dec 2017
Thanks Given: 151
Thanks Received: 58


SMCJB View Post
As I said in my first response, depends upon what you mean by best?

Yes, for some reasons IB is not very popular here.

But I do like it a lot for it's API gives me programmable access to virtual all instruments on all markets I could care for.
When I joined they were among lowest cost in the industry.

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  #6 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207

If your requirement is a free API and the ability to trade FX, Stocks and Futures in the same account then IB is probably the best (and only one) there is.

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  #7 (permalink)
 truckertrader 
Chicago, Illinois
 
Experience: Intermediate
Platform: CQG Desktop
Broker: Dorman Trading
Trading: 95% Futures Spreads/5% Outrights
Posts: 48 since Mar 2022
Thanks Given: 103
Thanks Received: 78


MollieP View Post
Hi everyone,

I知 a futures day trader who does large volume (manually) every day.

I知 curious what the best futures brokers are today?

Hi Mollie, you might want to take SMCJB's advice about Advantage Futures. They are a broker who specializes in high volume traders. I only say this because in my search for brokers they were high on the my list. Not to mention they are very responsive to their customers or potential customers. I didn't choose them because I'm not a high volume trader(small spread trader), any broker would be lucky to get 300 round turns out of me for the year! Also they didn't have an in house platform and I'm under a 100k account so using TT or CQG Integrated Client would be costly to my bottom line.

Well wishes!

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  #8 (permalink)
MollieP
Las Vegas, Nevada
 
Posts: 10 since Feb 2022
Thanks Given: 3
Thanks Received: 8

Thank you to all 3 of you who responded. My husband uses Advantage Futures and I'm glad to see other people recommending it. I think I will be going with it!

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Last Updated on November 19, 2023


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