Ready to start trading futures? Try NinjaTrader or Tradovate to get started.
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NinjaTrader is a powerful derivatives trading platform specializing in futures, forex and options. The platform has a number of unique trading tools. A free version does exist without the extra goodies provided by Trader + and OrderFlow + but users can still break down charts, backtest strategies and trade without upfront payment. NinjaTrader hosts its own brokerage services but users have their choice of several different brokerage options. Accounts have minimums depending on the securities traded and commissions vary depending on the version of the platform. Advanced derivatives traders will have endless fun with the platform’s mighty array of tools and analyzers.
The free version, which is included with all brokerage accounts is a great starting platform for new traders without the financial commitment. As you grow in your trading and are ready for more tools and functionality, you can add more complexity.
- Futures Traders
- Traders looking for 24/7 action
- Advanced Traders
- Powerful analysis tools
- Free download and simulated trading
- Open source trading apps to enhance experience
- Can only trade derivatives like futures and options
Tradovate is an innovative futures broker offering a tiered pricing structure and a comprehensive proprietary trading platform you can access with additional fees. Tradovate offers a community tab that allows you to connect with other traders and exchange trading ideas. New users can test out Tradovate’s platform with a demo account and free trial, which allows new investors to master the learning curve before opening an account. Though the platform might be too complicated for traders who prefer a simplified experience, it can be a strong choice for more experienced users.
- Experienced and intermediate futures investors
- High-volume traders
- Mobile traders
- Free trading platform packed with unique features
- Community tab allows users to connect with other traders
- Tiered pricing structure
- Easy to use out of the box for experienced futures traders
- Currently only supports futures trading
- Platform can be overwhelming for new traders
Discount trading is a no thrills futures trading broker that offers a multitude of options available to start trading. Low commissions, no inactivity fees, and powerful platforms to start trading.
- High volume / High frequency futures day traders
- Futures investors looking for the lowest futures margins
- Traders needing ultra-low commission rates
- Traders looking for great customer service and fast account opening
- Ultra-low commission rates ($0.49 or less)
- $500 (or less) Day Trading Margin on most markets
- No monthly inactivity fee
- Five different trade routing solutions
- Over 20 of the most popular platforms in the industry
- A completely free trading platform that includes free Level 1 Streaming Futures Quotes ● Support team that answers phone calls quickly
- Tough to find the best platform for your needs, due to the sheer number of options available
- Geared for traders with at least some experience trading the futures markets
Tastyworks is a sophisticated options and futures broker aimed toward experienced traders. The platform was designed by the founders of thinkorswim with functionality and precision for complicated options trades and strategies. Tastyworks offers stocks and ETFs to trade too, but the main focus is options.
Options on tastyworks are only charged a 1-way, $1 commission — far cheaper than almost all competitors. Commissions on futures and micro futures are also affordable, and there’s no minimum required to open a cash account. It’s $2,000 if you want to use margin.
- Options traders
- Futures traders
- Advanced traders
- Powerful platform inspired by thinkorswim
- Multiple order types and strategies
- Cheap options commissions
- Advanced platform could intimidate new traders
- No demo or paper trading
