Interactive Brokers offers two simple, low cost pricing plans for US Futures and Futures Options.
Best Brokers for Futures Trading 2021
As of May 6, 2019, Interactive Brokers clients with Futures trading permission can begin trading CME Group Micro E-mini futures.
What You Need - Application
Interactive Brokers (IBKR) ranks very close to the top in our 2020 review due to its wealth of tools for sophisticated investors who are interested in tracking global investing trends.
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.
E-mini futures, especially the E-mini S&P 500 futures (ES) typically have the lowest day trading margins, $500 with some brokers. 4 That means the trader only needs $500 in the account (plus room for price fluctuations) to buy/sell one E-mini S&P 500 contract.
Rolling futures contracts refers to extending the expiration or maturity of a position forward by closing the initial contract and opening a new longer-term contract for the same underlying asset at the then-current market price.
Please note that futures contracts, by default, do not roll over at expiration. ... When specified in Global Configuration, the system automatically rolls soon-to-expire futures data lines to the next lead month.
For example, participants can roll their futures positions from June to September at any time. However, the trading floor convention is to roll the expiring quarterly futures contract month eight calendar days before the contract expires*. This is known as the roll date.
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