Best futures trading platform
Here are the five best futures trading platforms for 2021.
What is the fastest trading platform? The fastest trading platforms are TradeStation, TD Ameritrade thinkorswim, and Interactive Brokers Traders Workstation (TWS) because they are desktop-based.
Identifying Top Commodity Markets
| Commodity | Average Daily Volume (ADV) | Open Interest |
|---|---|---|
| Crude Oil (WTI) | 687,479 | 2,187,168 |
| Corn | 532,269 | 1,505,976 |
| Henry Hub Natural Gas Future | 466,455 | 1,233,792 |
| Soybeans | 192,684 | 807,569 |
If you want to trade futures, there are two different minimum investment amounts that you need to consider. ... Some small futures brokers offer accounts with a minimum deposit of $500 or less, but some of the better-known brokers that offer futures will require minimum deposits of as much as $5,000 to $10,000.
The lowest opening balance for a futures broker account is around $2,500. Most commodity futures brokers require new account holders to deposit a minimum of $5,000 to $10,000. A new trader should compare the requirements of several brokers along with the other costs and services provided.
Choosing a trading platform
With a TD Ameritrade account, you'll have access to thinkorswim, a powerful trading platform for futures trading, as well as other investments.
PDT Rule. ... The PDT essentially states that traders with less than $25,000 in their margin account cannot make more than three day trades in a rolling five day period. So, if you make three day trades on Monday, you can't make any more day trades until next Monday rolls around again.
If you do not have $25,000 in your brokerage account prior to any day-trading activities, you will not be permitted to day trade. The money must be in your account before you do any day trades and you must maintain a minimum balance of $25,000 in your brokerage account at all times while day trading.
For the US stock market, you need a minimum of $25,000 to day trade. In the forex market, you can start trading with less than $1,000.
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