Best Futures Broker 2021: 6 Things You Need to Keep in Mind

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future trading

What are Futures trading? 

The futures trading is done through a futures contract signed between two parties- the purchase and the seller. Here the purchaser agrees to purchase from the seller, a set number of indexes or assets at a particular time in futures for a predefined price. These aspects are agreed upon at the time of the transaction.

Futures contracts are openly traded on various exchanges because they are standardized in terms of contract size and expiry date. The seller may not know the identity of purchases and vice versa. Moreover, each agreement is honoured and confirmed by the clearinghouse (or clearing corporation) of the stock market exchange. Clearing corporations is an agency which settles trades of traders on the stock market exchanges. 

One can sign futures contracts on various kinds of assets which include commodities, indices, currency pairs, stocks and several others. But, before entering into futures trading, you will require an authentic brokerage firm through which you can trade easily. So, we will be discussing the top 3 futures brokers for the year 2021. 

6 Things you should keep in mind while selecting futures broker

There are some questions which you should consider before choosing a suitable futures broker for you. 

1) Is the broker legitimate?

2) Which financial body regulates the broker? 

3) Does the firm have a proper regulation certificate with the license number on it? 

4) How much leverage does the broker offer? 

5) What is the minimum charge to open a trade? 

6) Which technical and research tools does the broker provide?  

Futures trading brokers 2021 

1) T1markets 

T1markets is one of the leading financial service providers offering best trading tools to ease your trading journey. It is an authentic firm regulated under the regulations of the Cyprus Securities and Exchange Commission with licence number 333/17. 

The broker provides investors with the ability to trade on a wide asset class including forex, cryptocurrency, commodities, stocks, indices and futures trading. The minimum trading charges and features are provided below:

Trading charges of T1markets 

  • Maximum leverage: 1:500
  • Minimum deposit: $250
  • Commission fee on trading: Zero
  • Minimum pip 0.03 

Features of T1markets 

  • Trading Platform: MetaTrader 4, Web Trader, Mobile App
  • Research tools: trading signals, news, economic calendar and report 
  • Educational material: tutorials, e-books, courses, articles and videos on demand
  • More than 300 assets and 10,000 markets available for trading
  • Dedicated customer support service  

2) HFTrading 

HFTrading is a financial gateway which provides you exposure to thousands of trading assets. It allows you to attain new levels and heights in the arena of the financial market. The brokerage firm is a trading brand of famous CTRL Investment Ltd and founded in the year 2019. 

It is a legitimate financial service provider working under the guidance of two central regulatory authorities: 

  • The New Zealand Financial Markets Authority or FMA (licence number: FSPR No. FSP197465) and 
  • The Australian Securities and Investments Commission or in short ASIC (licence number: AFSL No. 414198)

Trading charges of HFTrading 

  • Maximum leverage: 1:400 
  • Minimum deposit: $250 
  • Commission fee on trading: Zero
  • Spread starting at 0.1 pips

Features of HFTrading  

  • Trading Platform: MetaTrader 4, Web Trader, Mobile App
  • Trade execution speed of 0.05 seconds 
  • Research tools: trading signals, news, economic calendar and earnings report calendar
  • Educational material: tutorials, e-books, courses, articles and videos on demand
  • Instant account opening in just three simple steps 
  • It offers trading on more than 300 assets including forex, commodities, cryptocurrency, indices, stocks and futures trading 
  • Dedicated customer support service Monday to Friday between 2 am and 1 pm GMT

1) Brokereo 

It is one of the leading futures trading financial service provider working under the guidelines of the Cyprus Securities and Exchange Commission. The entire domain of Brokereo is operated by Concorde Limited. Founded in the year 2020, it introduces traders to the real thrill of the financial market. 

The brokers have a strong customer support team which works round the clock to answer customer’s queries. There are three options for contract email, phone number and live chat option. If the problem persists you can visit the head office located at Pavlou Nirvana No 4, Alpha Tower, Office No. 13, 3021 Limassol, Cyprus. 

Trading charges of Brokereo 

  • Maximum leverage: 1:500
  • Minimum deposit: $250
  • Commission fee on trading: Zero
  • Minimum pip 0.07

Features of Brokereo 

  • Trading Platform: MetaTrader 4, Web Trader, Mobile App
  • Research tools: trading signals, news, economic calendar and report 
  • Regulated by the Cyprus Securities and Exchange Commission under licence number 189/13
  • Educational material: tutorials, e-books, courses, articles and videos on demand
  • It offers trading on more than 300 assets including forex, cryptocurrency, commodities, stocks, futures and indices  
  • Dedicated customer support service from Monday to Friday between 08:00 am and 05:00 pm GMT 

The Bottom Line 

The year 2021 can generate potential profit for you in the arena of futures trading. However, the only requirement is selecting the best financial service provider for you. Check out every single detail about the broker and choose the one which suits you best. 

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