Best Futures Brokers in Canada (2024)

Futures trading is an increasingly popular investment option among Canadians looking to invest and speculate on the future prices of commodities, currencies, and other financial instruments. However, finding the best online investment platform to trade in can be challenging.

That’s where we come in. We’ve conducted thorough research and compiled our findings into this article to help you make an informed decision when selecting a futures broker in Canada. We’ll compare the best futures brokers’ fees, features, and trading platforms, providing you with the essential information you need to choose the one that best suits your requirements.

Whether you’re an experienced trader or starting out, you’ll find everything you need to know here. So, read on to discover the top futures brokers in Canada.

The Best Futures Brokers in Canada

Best Futures Brokers in Canada compared

Futures available for trading by the best futures brokers in Canada

Now, let’s take a closer look at each of our top picks for the best futures brokers in Canada and what sets them apart from the rest.

Note that the commission rates may vary depending on the exchange and the specific contract being traded.

What Makes a Good Broker for Futures Trading in Canada?

When choosing a futures broker, it’s important to consider several factors that can impact a trader’s success. These include:

• Low trading fees: To enhance your profitability in futures trading, choosing a broker with competitive trading fees is crucial. You’ll want to look for a broker that offers low spreads, minimal or no commissions. In addition, consider choosing a broker with low account minimums if you want to start with a small amount.
• Reliable platform: The trading platform is your primary tool, and it should have all the necessary features for effective trading. The platform should be user-friendly, fast, and reliable. It’s also helpful if the platform includes market news and real-time data feeds, which can give you valuable insights into the market. Additionally, risk management tools such as stop-loss orders and trailing stops can help protect your trades and minimize your risk.
• Excellent customer support: A futures broker’s customer support is essential, particularly for new traders. Fast response times and helpful support staff should be available via phone, email, or live chat to ensure that you can get the help you need when you need it.
• Regulatory compliance: To ensure the safety of your funds, it’s important to choose a futures broker that is regulated by the Investment Industry Regulatory Organization of Canada (IIROC). This helps mitigate the risk of fraud, scams, and other unethical practices in the industry. However, if you’re considering an international broker, make sure they are regulated by a reputable global regulatory body such as the Commodity Futures Trading Commission (CFTC)  and the National Futures Association (NFA) in the United States, the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC) in Australia,  or any other reputable global regulatory bodies.

In conclusion, the world of futures trading offers a wide range of investment opportunities for traders in Canada. The key to making the most of these opportunities is selecting the right futures broker for your trading needs. This article has outlined some of the top futures brokers in Canada based on important factors like trading platforms, regulatory compliance, and commission rates. Here’s a brief overview of our findings:

Best Futures Brokers in Canada

Still unsure which broker is right for you? Don’t worry; our “Help Me Choose” tool can offer a personalized recommendation based on your preferences. Additionally, to help you compare various futures brokers in Canada, our comparison table outlines their key features side by side. For even more information about each broker’s products and services, our reviews have got you covered.

What are futures contracts, and how do they work?

Futures contracts are agreements to buy or sell an asset at a predetermined price and date. They allow traders to speculate on the future price of an asset or hedge against price fluctuations.

Can I trade futures in Canada?

Yes, trading futures is legal in Canada, and there are several regulated futures brokers that operate in the country. You can also choose among internationally regulated brokers.

Does Questrade offer futures trading?

Unfortunately, Questrade does not offer futures trading at this time. You can read this article to get a list of alternatives.

Does QTRADE offer futures trading?

Unfortunately, QTRADE does not offer futures trading at this time. You can read this article to get a list of alternatives.

What factors should I consider when choosing a futures broker in Canada?

When choosing a futures broker in Canada, factors to consider include fees, trading platforms, product offerings, customer support, regulatory compliance, and educational resources. We encourage you to read this article as we have included all these factors.

What are the fees associated with trading futures, and how do they vary between brokers?

Fees associated with trading futures may include commissions, spreads, and margin requirements and can vary between brokers. Some brokers may offer discounted rates if you trade more.

What types of futures products are available for trading with futures brokers?

Futures products available for trading may include indices, currencies, commodities, interest rates, and cryptocurrencies. Some brokers may also offer options on futures.

What is the minimum account balance required to trade futures?

Minimum account balances required to trade futures can vary depending on the broker. In our list, we included some brokers that do not have a minimum account balance.