Skip to main content

Best Futures Brokers in 2024

Toni Nasr, CFA, FRM| Updated January 26th, 2024

The futures market is a global financial market that offers investors the opportunity to trade a wide range of commodities, currencies, and financial instruments. The market size is vast and includes participants from all over the world, making it a highly liquid and dynamic market. The rise of online trading platforms has made accessing the futures market easier. However, selecting the right broker can be challenging with many available options.

To help you make an informed decision, we have conducted thorough research and compiled our findings in this article. We’ve compared their fees, features, and trading platforms to give you the information you need.

Whether you’re new to trading or an experienced investor, our guide will help you navigate the world of futures trading and find the right broker to suit your needs. Keep reading to discover the best futures brokers in 2024.

The Best Futures Brokers in 2024

Interactive Brokers | Best Overall

Interactive Brokers is a well-known global futures broker that provides access to a wide range of futures trading instruments, including equity index futures, commodity futures, currency futures, interest rate futures, stock futures and more. Including futures, Forex, options, stocks, bonds, and more. They offer low trading fees and a trading platform, the Trader Workstation (TWS), that is user-friendly yet has advanced features, making it a great choice for both professional futures traders and beginners.

Saxo Markets | Best for a wide-ranging futures offering (not available in the US)

Saxo Bank offers a diverse range of trading instruments, providing traders access to over 300 futures from 28 global exchanges, including equity indices, energy, metals, agriculture, rates, and Forex. It offers competitive trading fees, a user-friendly platform that can be accessed on both desktop and mobile devices, and advanced research and analysis tools.

IG | Best for zero-commission futures trading (CFD only)

IG is a popular broker that offers a wide range of trading instruments, including CFDs on futures. Additionally, they are known for their high quality research and educational resources. It is ideal if you are looking for a commission-free futures broker.

Plus500 Futures | Ideal for low commissions and free withdrawals (US only)

Founded in 2008, Plus500 is a top US futures broker with a user-friendly platform and a wide range of futures trading instruments, including indices, Forex, Crypto, commodities and more. It is ideal for those seeking a straightforward and low-cost broker.

Tastytrade | Best for active traders

Tastytrade is a US-based brokerage firm that caters to active traders specializing in futures or options contracts. Their platform offers advanced trading tools and features with low commissions on futures contracts, starting at just $0.50 per contract.

Let’s take a closer look at the key characteristics before delving thoroughly into each broker’s services.

Best Futures Brokers for 2024 compared

Broker IBKR Saxo Markets IG Plus500 Tastytrade
Minimum deposit $0 $2,000 (can vary by country) $0 for bank transfer $100 $0
Deposit method Bank transfer Bank transfer, credit/debit cards Bank transfer, credit/debit cards, PayPal and other electronic wallets Bank transfer, credit/debit cards Bank transfer and CurrencyFair
Commissions Starting $0.10

(Depending on exchange and account type)

Starting $1.00

(Depending on exchange and account type)

No commission, just spread is applied Starting $0.49 per side Starting $0.25 per side 

(Depending on exchange and account type)

Withdrawal fees 1 free withdrawal per month $0 $0 $0 USD 45 for international bank transfer

Futures available for trading by the best futures brokers for 2024

Futures IBKR Saxo Markets IG Plus500 Tastytrade
Equity Index Futures
Bond Futures
Foreign Currency Futures
Energy Futures
Metals Futures
Agricultural Futures
Volatility Futures
Cryptocurrency Futures
Livestock Futures

Now, let’s take a closer look at each of our top picks for the best futures brokers for 2024 and what sets them apart from the rest.

#1 Interactive Brokers

interactive brokers logo
Visit Interactive BrokersBest Futures Brokers in 2024 1

Interactive Brokers at a glance

CommissionFrom $0.10 (Depending on exchange and account type)
Minimum Deposit$0
Withdrawal fees1 free withdrawal per month

Interactive Brokers is an outstanding futures broker that offers traders access to a comprehensive range of futures trading products globally with access to over 30 market centers. The company was founded in 1978 and is subject to regulation by numerous top-tier regulatory bodies, making it a reliable choice for traders seeking security and peace of mind. Moreover, Interactive Brokers is publicly listed on the NASDAQ stock exchange under the ticker symbol IBKR, further underscoring its commitment to transparency and accountability. 

Interactive Brokers offers a professional trading platform with multiple features, including a range of order types and algorithms that help traders execute various trading strategies. The platform TWS (desktop version) is one of the best trading platforms with advanced features and a high degree of customisation. 

Moreover, the platform offers powerful trading tools like ComboTrader, which helps traders create proprietary combination order strategies or choose from multiple templates with predefined programs to execute futures trades. In addition, they offer a well-designed web interface, IBKR GlobalTrader, and a mobile app. While all the platforms are designed to provide professional tools and resources to traders, they are also user-friendly for beginners. 

IBKR is known for its competitive pricing in the futures trading industry. It offers a pricing range between $0.10 for micro FX contracts and $0.25 for regular US futures contracts, which is among the lowest on the market. However, it is important to note that the pricing structure is based on a tier system, which may appear complex to some traders. Despite this, IBKR does not charge added spreads, ticket charges, platform fees, or account minimums, making it an excellent choice for traders who are looking to minimize their costs. Accordingly, the actual fee that you are expected to pay will depend on your monthly traded volume.

Here is a table summarizing the pricing of futures contracts on IBKR:

Market Contract Commission per Contract
United States E-micro Futures USD 0.10 to USD 0.25
Australia Mini SPI Futures AUD 0.20 to AUD 0.75
Germany Mini DAX Futures EUR 0.28 to EUR 0.50
Bitcoin Bitcoin Futures USD 5.00
Commodities Commodities Futures USD 0.25 to USD 1.05
Stocks Stocks Futures USD 0.25 to USD 0.85 (depending on exchange)
E-Micro FX E-Micro FX Futures USD 0.05 to USD 0.15

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

Another essential tool Interactive Brokers offers is the SpreadTrader, a single-screen command center that helps traders manage their futures positions seamlessly. The platform’s Index Arbitrage Meter is another useful tool that traders can use to analyze index arbitrage strategies. The tool measures the spread between futures contracts and their respective spot prices, making it easier for traders to identify opportunities and execute trades.

Interactive Brokers offers multiple account base currencies, including USD, EUR, AUD, HKD, and GBP. However, the only available funding method is through a bank transfer. Additionally, you are only eligible for one free withdrawal per month, which can be a downside for some traders.

We recommend you check out our comprehensive Interactive Brokers review.

#2 Saxo Markets

Visit Saxo MarketsBest Futures Brokers in 2024 1

62% of retail CFD accounts lose money.

Saxo Markets at a glance

CommissionStaring $1.25 (Depending on exchange and account type)
Minimum Deposit$2,000 for a classic account (can vary by country)
Withdrawal fees$0

With over 30 years of experience, Saxo Markets is a top futures broker offering traders access to over 300 futures contracts from 28 global exchanges, covering equity indices, energy, metals, agriculture, rates, and Forex. It has successfully served over 876,000 customers globally and processes over 1 million transactions daily. The company is fully licensed and regulated in 15 jurisdictions across Europe, the Middle East, and Asia. This includes regulatory bodies such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia, ensuring that traders can have confidence in the safety and security of their investments.

Saxo Markets provides traders with a competitive pricing structure for futures trading. Commission rates are tiered and are based on both the contract being traded and the volume of trades conducted. While the broker offers three tiers of pricing – Classic, Platinum, and VIP – it should be noted that traders with lower trading volumes may find the commissions to be relatively higher than those charged by other futures brokers. Despite this, Saxo Markets’ transparent pricing structure allows traders to understand exactly what they will be charged for their trades. Below is a small table showing the commissions for USD, EUR, GBP, and AUD futures contracts for each tier of pricing:

Contract / Currency Commission Classic Commission Platinum Commission VIP
USD USD 3.00  USD 2.00 USD 1.00
EUR EUR 3.00  EUR 2.00  EUR 1.00 
GBP GBP 3.00  GBP 2.00  GBP 1.00 
AUD AUD 3.00  AUD 2.00  AUD 1.00 

These commissions are for each contract and each trade (buy or sell) through SaxoTrader and exclude exchange fees.

Saxo Markets offers advanced tools for trading futures contracts. With the Futures Spread Trading feature, you can place orders to buy and sell multiple contracts at the same time. The Depth Trader feature lets you see all the buy and sell orders waiting to be executed, so you can manage your trades more effectively. With the Time and Sales feature, you can also monitor real-time futures prices and trade directly from the exchange. Saxo Markets provides 24-hour support and educational resources for all types of traders. VIP traders can receive priority support and exclusive invitations to events.

#3 IG

Best Futures Brokers in 2024 3
Visit IGBest Futures Brokers in 2024 1

75% of retail CFD accounts lose money.

IG at a glance

CommissionZero, fees are integrated into the spread
Minimum Deposit$0 for bank transfer, $50 for Cards deposits
Withdrawal fees$0

IG is another broker among our list of top futures brokers. It has been providing trading services since 1974, with over 320,000 clients worldwide. IG offers a huge selection of CFD futures, including over 80 indices, commodity and bond futures. This makes it easy for traders to diversify their portfolios and access a wide range of global markets.

IG offers you a variety of trading platforms to choose from, depending on your trading needs and preferences. The IG trading platform is available on both iOS and Android devices and features a progressive web app, and can be accessed from any device with internet connection. Additionally, for advanced traders, IG provides access to ProRealTime and MetaTrader4 platforms, which are known for their advanced charting capabilities and customization options. For traders seeking Direct Market Access (DMA), IG provides L2 Dealer, a platform specifically designed for professional traders, providing them with direct access to exchange order books and market depth. IG’s trading platforms also allow you to trade with leverage, which can amplify gains, but it’s important to note that it also increases risks, and you must have a sound risk management strategy in place.

One of the key advantages of trading futures with IG is transparent pricing, with all costs clearly stated upfront. For futures markets, there is no overnight funding fee because the cost of funding is built into the spread. You can check below some of the spreads applied to major futures contracts:

Indices futures spread

Market Minimum Spread
FTSE 100 4
Wall Street 6
Germany 40 6
Australia 200 3

Commodities futures spread

Market Value of One Contract Contract Spread
Spot Gold $100 0.6
Spot Silver (5,000 oz) $50 2
Oil – Brent Crude $10 6
Oil – US Crude $10 6

Opening an account with IG is free of charge. However, you should note that there is a monthly account charge of $18 if you haven’t used your account for two years or more. It’s important to keep this in mind to avoid any unexpected charges. The required minimum deposit depends on your funding method. For example, there is no minimum for a bank transfer, but there is a $50 minimum for credit/debit card deposits, which may vary by country.

#4 Plus500

Best Futures Brokers in 2024 5
Visit Plus500 FuturesBest Futures Brokers in 2024 1

Plus500 Futures at a glance

CommissionStarting $0.49 per side
Minimum Deposit$100
Withdrawal fees$0
RegulatorsCFTC, NFA

Plus500 Futures, a platform from Plus500 (founded in 2008), is a top futures broker that provides an accessible and accessible platform for futures trading, but it is only available for US-based clients. The broker offers futures trading on popular indices such as the S&P 500 and NASDAQ 100 and Bitcoin, Forex, oil, gold, and many more. Plus500 provides 24/7 customer service and is a full CME Group and National Futures Association member, ensuring professional support and the safety of traders’ funds and data.

Plus500 is an excellent choice for both beginners and experienced traders looking to access futures markets with a transparent and straightforward pricing structure. The broker offers low commissions without a platform or market data fees, ensuring you don’t pay excessive trading costs. Simply, it charges a commission fee of $0.49 per micro contract and $0.89 per standard contract (per side), and a $10 fee per contract in case of auto-liquidation. 

Here is a brief table showing some of the futures instruments you can trade on Plus500:

Equity Index E-mini S&P 500 E-mini Nasdaq 100 Nikkei
Forex Euro FX British Pound Australian Dollar
Metals Gold Copper Silver
Energy Brent Crude Oil Crude Oil Natural Gas
Agriculture Corn Wheat Soybean
Interest Rates Micro 10-year yield 30 Day Fed Fund 
Crypto Micro Bitcoin  Micro Ether

Another advantage of trading with Plus500 is the ease of use of its platform. The app is intuitive and simple to navigate, making it accessible to get started with futures trading. Additionally, the platform offers a demo feature that provides live quotes to help users build their strategy before trading with real money. The platform also offers a wide range of indicators and drawing tools for trend analysis. 

On the downside, Plus500 provides very few educational materials and research reports compared to other brokers.

For more details, check our full review of Plus500 Futures.

#5 Tastytrade

tastytrade logo
Visit TastytradeBest Futures Brokers in 2024 1

Tastytrade at a glance

CommissionStarting $0.25 per side (Depending on exchange and account type)
Minimum Deposit$0 (Only USD deposits are acceptable)
Withdrawal fees$45 for international bank transfer

Tastytrade is a futures broker based in the United States that ranks among the top brokers for trading futures. It is a subsidiary of IG Group Holdings plc and gives you access to trade futures and gain exposure to indices, Forex, interest rates, commodities, cryptocurrencies, and more.

Tastytrade offers a commission structure that is particularly advantageous for active traders who specialize in niche securities such as futures and options. For instance, on micro and small futures, the commission starts at USD 0.50 and USD 1.70 per contract, respectively, for a round-trip transaction, regardless of your trading volume. This makes Tastytrade an excellent choice for traders of all levels looking to optimize their trading activities and minimize costs. You can find below the commission on major futures contracts.

Futures commission

Instrument Commission to open  Commission to close Additional clearing fee
Futures $1.25 / contract $1.25 / contract $0.30 per contract
Micro Futures $0.85 / contract $0.85 / contract $0.30 per contract
Smalls Futures $0.25 / contract $0.25 / contract $0.05 per contract 

Tastytrade also stands out for its exceptional trading platform, which is available across desktop, browser, and mobile devices. It has advanced multi-account support and reporting, an intuitive dashboard layout, and workflow. The Follow Feed feature allows you to view your favourite trades from selected traders which presents an opportunity to learn from successful traders and gain insights into their strategies, including earnings plays and pairs trades. 

Another special feature is the in-platform video feed that sets it apart from other futures brokers. You can watch real traders trade right inside the platform every minute the market is open and hear informed conversations about strategies, concepts, research, and market movements. This feature is an invaluable tool for traders who want to learn from experienced traders and get inspired to try new strategies.

On the drawbacks side, you are limited to opening accounts denominated only in USD. Additionally, the available deposit methods are limited to bank transfers or CurrencyFair, which may not be ideal for all traders. Finally, when withdrawing funds from your account, it’s important to note that an international bank transfer fee of $45 will apply, which may be inconvenient.

What Makes a Good Broker for Futures Trading?

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, it’s crucial to choose a broker with competitive trading fees. 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 are looking 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 you can get the help you need when needed.
  • Regulatory compliance: To ensure the safety of your funds, it’s important to choose a futures broker that is regulated by the relevant regulatory bodies in the country where they operate. For example, the Commodity Futures Trading Commission (CFTC) and a member of 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, the Investment Industry Regulatory Organization of Canada (IIROC) in Canada, or any other reputable global regulatory bodies.

The bottom line

To sum up, choosing the best futures broker is essential for a successful trading journey. In this article, we’ve identified some of the top futures brokers for 2024 based on key factors such as trading platforms, commissions, regulatory compliance, and more. Here’s a short breakdown of our findings:

Best Futures Brokers for 2024

#1 Interactive Brokers Best Overall
#2 Saxo Markets Best for a wide-ranging of futures offering
#3 IG  Best for zero-commission futures trading (CFD only)
#4 Plus500  Ideal for low commissions and free deposits and withdrawals (US only)
#5 Tastytrade Best for active traders

The ideal futures broker for you ultimately depends on your own preferences and trading goals. We hope that this post has given you useful information that will enable you to make wise decisions and succeed in the futures market.

If you’re feeling unsure about which broker is the right fit for you, don’t worry! Our “Help Me Choose” tool can give you a personalized recommendation based on your preferences. Additionally, our comparison table breaks down the key features of various futures brokers, making it easier to compare them side by side. Finally, our reviews provide even more details about each broker’s products and services.

Other FAQs

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.

What factors should I consider when choosing a futures broker in 2024?

When choosing a futures broker, 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 included all these factors.

Are there any risks associated with futures trading?

Yes, there are risks associated with futures trading. Futures markets can be volatile, and traders can lose more than their initial investment if they don’t manage their risks properly. It’s important to have a solid trading plan and risk management strategy in place.

How do I know if a futures broker is regulated?

You can check if a futures broker is regulated by looking at their website or contacting their customer service. Regulated brokers will be licensed by government agencies or financial regulatory bodies to ensure they follow certain standards and protect their client’s funds.

What fees are 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 or CFDs 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.

Toni Nasr, CFA, FRM
Fintech Analyst

Toni is a Fintech Analyst with over 8 years of experience in the financial industry where he worked as a financial control analyst at a regional bank and later conducted independent investment research analysis.