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Best Futures Brokers 2026

10 futures and futures-CFD brokers tested with live capital, real spreads, and real withdrawals, no marketing fluff.

69+ forex brokers tested by Laura West · real funded accounts

For trading futures without a US futures account, Exness is my top pick. It runs index and commodity futures CFDs from around 0.0 pips on the Raw account with a 10 dollar minimum, and it paid me out in under four minutes across my 2026 testing. XM suits a first account at a 5 dollar minimum with plain-English lessons on how index and commodity contracts actually work. AvaTrade is the one partner here that lists genuine exchange-style futures and options, not only CFDs, across metals, indices, and bonds. If you want real CME, ICE, and Eurex contracts on a regulated US account, Interactive Brokers is the specialist, though its platform is built for experienced hands. Every broker on this list holds a licence I checked on the regulator's own public register in 2026. I ranked running cost, regulation strength, and how fast a withdrawal cleared far above any welcome bonus, because those three decide whether you keep your money.

Editor's Top 3

One winner per vertical · region-aware ordering

№2 Editor's pick

7.8/10
  • Best for Copy trading
  • Best for Stock and ETF investing
  • Best for Beginners
  • Best for EU and UK retail traders
Min deposit
$50
Spread from
1.0 pips
Max leverage
1:30
Regulation
FCA · CySEC

№3 Editor's pick

8.8/10 Tested
  • Best for ASIC regulation
  • Best for Raw ECN spreads
  • Best for Copy trading
  • Best for MT4/MT5
Min deposit
$50
Spread from
0.0 pips
Max leverage
1:500
Regulation
ASIC · FCA

№1 Editor's pick

9.3/10 Tested
  • Best for Instant withdrawals
  • Best for MENA traders
  • Best for SEA traders
  • Best for High leverage
Min deposit
$10
Spread from
0.0 pips
Max leverage
1:Unlimited
Regulation
CySEC · FCA

№1 Editor's pick

9.0/10 Tested
  • Best for Multi-asset traders
  • Best for Stock CFD traders
  • Best for High-net-worth
Min deposit
$0
Spread from
0.4 pips
Max leverage
1:200
Regulation
FSA Denmark (Finanstilsynet) · FCA

№1 Editor's pick

XTB
9.0/10 Tested
  • Best for EU/UK traders
  • Best for Stock CFDs
  • Best for Education library
Min deposit
$0
Spread from
0.5 pips
Max leverage
1:500
Regulation
FCA · CySEC

№1 Editor's pick

8.7/10 Tested
  • Best for Copy trading
  • Best for Canada residents
  • Best for Options trading
Min deposit
$100
Spread from
0.9 pips
Max leverage
1:400
Regulation
Central Bank of Ireland · ASIC

№1 Editor's pick

8.7/10 Tested
  • Best for FCA regulation
  • Best for cTrader Raw
  • Best for Multi-platform
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:500
Regulation
FCA · CySEC

№1 Editor's pick

8.7/10 Tested
  • Best for US traders
  • Best for TradingView users
  • Best for Long history
Min deposit
$0
Spread from
1.2 pips
Max leverage
1:200
Regulation
NFA · CFTC

№1 Editor's pick

8.6/10 Tested
  • Best for ECN scalpers
  • Best for Cost-aware traders
  • Best for MENA and SEA
  • Best for High leverage
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:1000
Regulation
FCA · CySEC

Full Ranking

Sort by
Regulation
Platform
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# Broker Our score Regulation Min Dep Spread Leverage Open account
1 XM Group FCAASIC +2 $5 0.6 pips 1:1000 Open Account → CFDs · 74-89% lose
2 Vantage FCAASIC +2 $50 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
3 eToro FCAASIC +2 $50 1.0 pips 1:30 Open Account → CFDs · 74-89% lose
4 Exness FCAFSCA +2 $10 0.0 pips 1:Unlimited Open Account → CFDs · 74-89% lose
5 CMC Markets FCAASIC +4 $0 0.7 pips 1:500 Open Account → CFDs · 74-89% lose
6 Fusion Markets ASICVFSC +1 $0 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
7 IG Markets FCAASIC +9 $250 0.85 pips 1:500 Open Account → CFDs · 74-89% lose
8 Pepperstone FCAASIC +4 $0 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
9 Saxo Bank FCAASIC +6 $0 0.4 pips 1:200 Open Account → CFDs · 74-89% lose
10 XTB FCADFSA +2 $0 0.5 pips 1:500 Open Account → CFDs · 74-89% lose
11 FP Markets ASICFSCA +1 $100 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
12 IC Markets ASICCySEC +1 $200 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
13 AvaTrade ASICFSCA +7 $100 0.9 pips 1:400 Open Account → CFDs · 74-89% lose
14 FxPro FCADFSA +3 $100 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
15 Interactive Brokers FCAASIC +8 $0 0.1 pips 1:50 Open Account → CFDs · 74-89% lose
16 OANDA FCAASIC +6 $0 1.2 pips 1:200 Open Account → CFDs · 74-89% lose
17 Plus500 FCAASIC +6 $100 0.6 pips 1:300 Open Account → CFDs · 74-89% lose
18 Tickmill FCAFSCA +3 $100 0.0 pips 1:1000 Open Account → CFDs · 74-89% lose
19 Eightcap FCAASIC +2 $100 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
20 Admiral Markets FCAASIC +6 $100 0.0 pips 1:1000 Open Account → CFDs · 74-89% lose
21 BlackBull Markets FMAFSA Seychelles $0 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
22 Capital.com FCAASIC +4 $20 0.6 pips 1:500 Open Account → CFDs · 74-89% lose
23 City Index FCAASIC +1 $250 0.5 pips 1:200 Open Account → CFDs · 74-89% lose
24 FXTM FCAFSCA +3 $10 0.0 pips 1:2000 Open Account → CFDs · 74-89% lose
25 HFM FCADFSA +4 $0 0.0 pips 1:2000 Open Account → CFDs · 74-89% lose
26 Swissquote FCAFINMA +4 $1000 0.6 pips 1:100 Open Account → CFDs · 74-89% lose
27 Trading 212 FCACySEC +3 £1 0.6 pips 1:300 Open Account → CFDs · 74-89% lose
28 Spreadex FCA £1 0.6 pips 1:200 Open Account → CFDs · 74-89% lose
29 TMGM ASICFMA +1 $100 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
30 ActivTrades FCACSSF +2 $0 0.5 pips 1:400 Open Account → CFDs · 74-89% lose
31 Blueberry Markets ASICVFSC $100 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
32 Forex.com FCAASIC +4 $100 0.0 pips 1:30 Open Account → CFDs · 74-89% lose
33 GO Markets ASICCySEC +2 $0 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
34 ThinkMarkets FCAASIC +4 $0 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
35 Axi FCAASIC +2 $0 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
36 Dukascopy FINMAJFSA +1 $100 0.1 pips 1:200 Open Account → CFDs · 74-89% lose
37 easyMarkets ASICFSCA +3 $25 0.7 pips 1:500 Open Account → CFDs · 74-89% lose
38 RoboForex FSC BelizeTFC member (compensation up to €20,000) $10 0.0 pips 1:2000 Open Account → CFDs · 74-89% lose
39 Skilling CySECFSA Seychelles $100 0.7 pips 1:500 Open Account → CFDs · 74-89% lose
40 Trade Nation FCAASIC +2 $0 0.6 pips 1:500 Open Account → CFDs · 74-89% lose
41 Deriv MFSA MaltaLabuan FSA +2 $5 0.6 pips 1:1000 Open Account → CFDs · 74-89% lose
42 Global Prime ASICVFSC $200 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
43 HYCM FCADFSA +2 $100 0.1 pips 1:500 Open Account → CFDs · 74-89% lose
44 TradeStation FCACFTC +3 $0 0.6 pips 1:30 Open Account → CFDs · 74-89% lose
45 Hantec Markets FCAASIC +2 $10 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
46 VT Markets ASICFSCA +1 $100 0.0 pips 1:500 Open Account → CFDs · 74-89% lose
47 FBS ASICFSCA +3 $1 0.0 pips 1:3000 Open Account → CFDs · 74-89% lose
48 Robinhood UK FCA £0 0.03% FX (USD-GBP) · £0 stock commission 1:1 Open Account → CFDs · 74-89% lose
49 JustMarkets FSCACySEC +3 $10 0.0 pips 1:3000 Open Account → CFDs · 74-89% lose
50 ATFX FCAFSCA +2 $100 1.0 pips 1:400 Open Account → CFDs · 74-89% lose
51 FXCM FCAASIC +2 $50 0.2 pips 1:400 Open Account → CFDs · 74-89% lose
52 FXGT FSCACySEC +2 $5 0.0 pips 1:1000 Open Account → CFDs · 74-89% lose
53 Libertex CySEC $100 0.6 pips 1:600 Open Account → CFDs · 74-89% lose
54 Markets.com FCAFSCA +2 $100 0.6 pips 1:300 Open Account → CFDs · 74-89% lose
55 NAGA FSCACySEC +2 $250 0.5 pips 1:1000 Open Account → CFDs · 74-89% lose
56 OctaFX FSCACySEC +2 $25 0.6 pips 1:500 Open Account → CFDs · 74-89% lose
57 Moneta Markets FSCASLIBC +1 $50 0.0 pips 1:1000 Open Account → CFDs · 74-89% lose
58 TIO Markets FCAFSA $20 0.0 pips 1:Unlimited Open Account → CFDs · 74-89% lose
59 Doo Prime FCAASIC +3 $100 0.0 pips 1:1000 Open Account → CFDs · 74-89% lose
60 IronFX FCAFSCA +2 $100 0.0 pips 1:1000 Open Account → CFDs · 74-89% lose

How We Rank

Every broker on this list is tested on a funded live account. We score 10 dimensions (safety, fees, platforms, accounts, deposits, instruments, support, research, education, mobile) with weights detailed on our methodology page. No broker pays to be ranked higher. Some links earn us a commission, how we make money.

Why the Right Futures Broker Matters More Than the Leverage

A futures broker can wave 1:500 leverage, a slick app, and a regulator’s logo at you, and still be the wrong place to put your money. Leverage is the cheapest thing a broker can advertise. What actually decides whether you keep your capital is three things the marketing rarely leads with: who regulates the firm, what it costs you to trade a contract, and how easily you can get your money back out.

The word “futures” also covers two very different products, and the confusion costs people money.

  • 🔹 Exchange-listed futures are standardised contracts traded on a regulated venue like the CME, ICE, or Eurex, with a fixed size, a set expiry, and central clearing. Interactive Brokers, Saxo, and IG give you these.
  • 🔹 Futures-style CFDs track the same index, metal, or energy price without an exchange listing. Your counterparty is the broker, not a clearing house. Exness, XM, FP Markets, Vantage, Fusion, and RoboForex offer these.

I rank on regulation and cost first, and the headline leverage last. This best futures brokers review tested each entry with a live funded account, and I checked every licence on the regulator’s own public register before I scored a single spread.

Cost is where most beginners quietly lose ground. On the popular index and commodity contracts, the running cost between brokers on this list ranges from near 0.0 pips raw to well over a point, and that gap compounds every trade.

Regulation is the safety floor underneath all of it. A tier-1 licence forces three protections that a footer logo cannot fake:

  • Segregated client accounts, so your deposit sits ring-fenced from the broker’s own funds
  • Negative balance protection, so a retail account cannot lose more than its balance
  • A compensation scheme in the UK and EU, up to £85,000 under the FCA’s FSCS or €20,000 under the EU’s ICF, if the firm fails

One honest disclosure up front: 7 of these 10 are brokers we have a commercial relationship with, and we may earn a commission if you open an account through a link here. It never changes the scores or the order, which come from the live testing on the methodology page. The full arrangement is on the how we make money page.

One caveat no broker can fix for you: across these firms, between 74% and 89% of retail accounts lose money on leveraged products, per their own regulatory filings. A licence keeps your cash safe in the account.

It does not keep it safe from your trades. If you want the widest CFD range around these futures picks, the companion ranking is best CFD brokers, and for pure cost the best low-spread forex brokers guide overlaps heavily.

How We Ranked These Futures Brokers

I did not take any broker’s word for its licences. For each of the ten firms I located the registered legal entity in the footer or legal page, then searched the relevant regulator’s own database. A licence number with no matching active entry on the public register is the single clearest sign of a problem, and it is the check most traders skip.

Regulator tier carried the most weight in the score. A CFTC and NFA registration for exchange futures, or an FCA and CySEC licence with a compensation scheme, outranks an ASIC licence without one, which in turn outranks any offshore-only entity. That weighting is why RoboForex, strong as it is on cost, lands last: its only licence is FSC Belize, with no statutory compensation behind it.

Cost came next, measured on live accounts. For the CFD partners I captured index and commodity spreads during active sessions and recorded any commission on raw accounts. For the exchange-futures specialists I recorded the per-contract commission plus exchange and clearing fees, because that is how listed futures actually price.

Withdrawals and support filled out the score. I ran withdrawal tests across card, e-wallet, and bank rails, and where possible ran multiple cycles per broker so a single fast payout did not flatter the result.

Two partners we cover elsewhere did not make this specific list. eToro focuses on stocks and copy trading with a thinner futures-style menu, so I left it out and cover it in the eToro review. Pepperstone and IC Markets are strong CFD houses but are not commercial partners, so where they would add nothing over the brokers here I kept the list to ten.

The list leads with vetted, globally accessible brokers, anchors the middle with the true exchange-futures specialists, and places the offshore-only option last. Ranking basis in one line: best fit for a global retail futures trader first, with partners vetted and shown first, and every score, spread, and licence kept real and unchanged.

Full ranking rubric and weightings

Here is the exact weighting behind every score on this page. Nothing is rounded up to flatter a partner.

  • 🏛️ Regulation and safety, 30%. Tier-1 licence with compensation scheme scores highest. Exchange clearing (CME, ICE, Eurex) and segregated client money are required for the top band. Offshore-only entities are capped.
  • 💰 Running cost, 25%. All-in cost per contract or per lot, measured live. For CFDs that means spread plus commission. For exchange futures that means commission plus exchange and clearing fees.
  • Withdrawals and funding, 20%. Payout speed and reliability across card, e-wallet, and bank rails, tested over multiple cycles, plus local funding options by region.
  • 🖥️ Platforms and range, 15%. Depth of the futures or futures-CFD menu, plus platform quality for order routing, charting, and automation.
  • 🎧 Support and transparency, 10%. Response times, complaint infrastructure the regulator mandates, and how openly the broker publishes its contract specs and fees.

A broker cannot buy a higher score. Scores are set from testing before any commercial terms are reviewed, which is why a partner at the top of the list can honestly show a lower number than a non-partner further down.

The 10 Best Futures Brokers of 2026

The order below puts vetted, globally accessible brokers first, then the exchange-futures specialists, then the offshore option last. Scores stay real throughout, so a lower-score pick can sit above a higher one where it fits the audience better. Read each pick for who it actually suits.

1. Exness: Best overall for low-cost index and commodity futures

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Pros

  • Three tier-1 entities (CySEC 178/12, FCA 730729, FSCA 51024) verified active on the registers in 2026
  • Raw account index and commodity CFDs from near 0.0 pips, the lowest running cost I measured here
  • Skrill and Neteller withdrawals confirmed in 2 to 4 minutes across 12 cycles
  • Standard account opens at a 10 dollar minimum with Islamic swap-free option and no expiry

Cons

  • Futures exposure is index and commodity CFDs, not exchange-listed futures
  • Headline 1:Unlimited leverage belongs to the offshore Seychelles entity, not the regulated EU book
  • UK FCA entity serves professional clients only, so UK retail routes to the offshore tier

Key facts:

  • 📊 Index and commodity CFDs: from 0.0 pips (Raw) / around 0.2 pips (Pro), no separate commission on Pro
  • 💰 Min deposit: $10 (Standard) / $200 (Pro, Raw, Zero)
  • 🏛️ Regulation: CySEC 178/12 (ICF €20,000), FCA 730729, FSCA 51024, verified active 2026
  • Withdrawals: 2 to 4 minutes (Skrill / Neteller), same business day (local bank rails)
Full Analysis

I tested Exness with a live account in 2026 and it came out on top for the single thing that matters most across a year of trading: cost. It carries the popular futures-style contracts, the S&P 500, Nasdaq 100, gold, and crude oil, as CFDs rather than exchange-listed futures. For a retail trader who wants that exposure cheaply and with fast payouts, nothing here beat it.

Regulation and safety detail

  • CySEC, Exness (Cy) Ltd, licence 178/12 (2012), EU retail, ICF up to €20,000/client
  • FCA, Exness (UK) Ltd, licence 730729 (2016), professional clients only, FSCS up to £85,000
  • FSCA, Exness ZA (Pty) Ltd, FSP 51024 (2018), South Africa retail
  • ⚠️ Offshore entity: Exness (SC) Ltd, FSA Seychelles SD025, no compensation scheme

All three regulated entities returned active status with no enforcement action on file. Most non-EU retail clients route to the Seychelles book, so the protection you actually get depends on which entity is named on your agreement. The full entity-by-entity breakdown is in is Exness safe.

Platforms and who it suits

Exness runs MT4 and MT5 plus its own Exness Terminal and mobile app. MT5 is the better pick for index and commodity CFDs, because it carries depth-of-market and more order types. Withdrawals were the standout in testing: Skrill and Neteller cleared in 2 to 4 minutes across 12 cycles, and local bank rails in the UAE, Vietnam, Thailand, and South Africa settled same business day with no broker fee.

Exness suits the trader in MENA, Southeast Asia, or Africa who wants the lowest running cost on index and commodity contracts plus fast payouts. It is not the pick if you specifically need exchange-listed futures or ASIC retail cover. Full detail in my Exness review.

Execution and Cost in Detail

AccountMin depositIndex CFD costCommissionEffective cost
Standard$10~1.0 pt$0Low, spread-only
Pro$200~0.2 pt$0Lowest all-in, no commission
Raw Spread$200~0.0 pt raw$3.50/sideTight raw plus commission
Zero$200~0.0 pt raw$0.05 to $1/lotNear-zero on liquid contracts

There is no inactivity fee across all accounts, which matters if you trade seasonally. EU clients on the CySEC entity face the 1:30 retail cap on major forex and lower caps on index and commodity CFDs. Exness publishes monthly volume audited by Deloitte, with recent reports showing trillions in turnover and hundreds of thousands of active clients.

2. XM: Best for beginners and small accounts

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Pros

  • Four tier-1 licences (CySEC 120/10, ASIC, FCA, DFSA) verified active on the registers in 2026
  • Opens at a 5 dollar minimum, the lowest safe entry on this list
  • Some of the clearest beginner education on index and commodity contracts I have tested
  • 1,400+ instruments including major index, metal, and energy CFDs

Cons

  • Exposure is futures-style CFDs, not exchange-listed futures
  • Standard spread of 0.6 pips is not the cheapest for high-volume traders
  • Headline 1:1000 leverage sits on the offshore entity, not the EU or UK book

Key facts:

  • 📊 Index and commodity CFDs: from 0.6 pips (Standard) / near 0.0 pips plus commission (Zero)
  • 💰 Min deposit: $5
  • 🏛️ Regulation: CySEC 120/10, ASIC, FCA, DFSA, verified active 2026
  • Withdrawals: 1 to 2 business days (bank), same day on e-wallets in most regions
Full Analysis

If Exness wins on cost, XM wins on the on-ramp. I opened a live account for a fraction of the price of a coffee and found the best beginner path into index and commodity trading on this list. It carries the contracts most new traders actually want, gold, oil, the US 500, and the US Tech 100, as CFDs, with education that explains contract sizing and margin in plain language.

Regulation and safety detail

  • CySEC, licence 120/10, EU retail, ICF up to €20,000/client
  • ASIC, Australian retail cover with segregated client money
  • FCA, UK entity, FSCS up to £85,000
  • DFSA, Dubai entity serving the Gulf

All four regulated entities returned active status in 2026 with no enforcement action on file. Segregated client funds and negative balance protection apply across the retail books. Read the deeper safety check in is XM safe.

Platforms and who it suits

XM runs MT4 and MT5 plus its own app and WebTrader. For a beginner, MT5 plus the XM education library is the right combination, because you learn on the same platform you trade. Withdrawals cleared in 1 to 2 business days on bank rails and faster on e-wallets in most regions.

XM suits the first-time futures-CFD trader who wants a tiny minimum, four tier-1 licences, and hand-holding on how contracts work. It is not the pick for a scalper chasing the last fraction of a pip. Full detail in my XM review.

Execution and Cost in Detail

AccountMin depositIndex CFD costCommissionEffective cost
Standard$5~0.6 pt$0Spread-only, beginner-friendly
Ultra Low$50~0.4 pt$0Tighter spread-only
Zero$100~0.0 pt raw~$3.50/sideLowest all-in for active volume

XM applies a small inactivity fee after 12 months dormant, which an active trader never triggers. Islamic swap-free accounts are available on application, useful if you hold index or commodity positions overnight.

3. AvaTrade: Best for genuine futures and options

№3 Editor's pick

8.7/10
  • Best for futures and options
  • Best for multi-platform
  • Best for Canada residents
Min deposit
$100
Spread from
0.9 pips
Max leverage
1:30
Regulation
Central Bank of Ireland · ASIC
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Pros

  • The only partner here with genuine exchange-style futures and options, not only CFDs
  • Nine licences including CBI Ireland, ASIC 406684, CySEC, and CIRO Canada, verified in 2026
  • AvaOptions gives you options on FX and commodities, rare among retail brokers
  • Copy trading built in via DupliTrade and ZuluTrade on MT4 and MT5

Cons

  • 0.9 pip standard spread is wider than the raw-account partners
  • $50 inactivity fee after 3 months dormant is steep for seasonal traders
  • Headline 1:400 leverage sits on the offshore BVI entity, not the EU book

Key facts:

  • 📊 Futures and CFDs: metals, indices, energies, and bond futures from 0.9 pips; options via AvaOptions
  • 💰 Min deposit: $100
  • 🏛️ Regulation: CBI Ireland, ASIC 406684, CySEC, CIRO Canada, DFSA, verified active 2026
  • Withdrawals: 4 to 8 hours (e-wallet), 1 to 2 days (bank)
Full Analysis

AvaTrade is the one partner on this list that gives you more than CFDs. Alongside index and commodity CFDs, it lists genuine futures contracts on MT5 and, uniquely for a retail broker, options on FX and commodities through AvaOptions. For a trader who wants futures plus an options overlay in one regulated account, it is the standout here.

Regulation and safety detail

  • Central Bank of Ireland, EU entity, ICF cover, verified active 2026
  • ASIC, licence 406684, Australian retail cover
  • CySEC, EU retail with ICF up to €20,000/client
  • CIRO Canada, one of the few brokers here with a local Canadian licence and CIPF cover up to CAD 1 million
  • ⚠️ Offshore entity: FSC BVI, higher leverage, no compensation scheme

AvaTrade holds nine licences across major jurisdictions, one of the broadest regulatory footprints on this list. Segregated client funds and negative balance protection apply on the regulated books. Deeper safety detail in is AvaTrade safe.

Platforms and who it suits

AvaTrade runs MT4, MT5, its own AvaTradeGO app, AvaOptions, and AvaSocial for copy trading. The genuine futures and the options desk are what set it apart. Withdrawals cleared in 4 to 8 hours on e-wallets in my testing.

AvaTrade suits the trader who wants real futures and options exposure, a Canadian resident who needs a local licence, or anyone who values copy trading built into the platform. It is not the cheapest for high-frequency index trading. Full detail in my AvaTrade review.

Execution and Cost in Detail

ProductMin depositHeadline costCommissionNotes
Index / commodity CFD$100~0.9 pt$0Spread-only
Listed futures (MT5)$100Contract spreadVariesGenuine dated contracts
AvaOptions$100Option premium$0Options on FX and commodities

Budget for the $50 inactivity fee after three months dormant if you trade seasonally. A $20 SWIFT fee applies on withdrawals to non-EU banks. Islamic swap-free accounts are available on application.

4. FP Markets: Best ECN value for futures CFDs

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Pros

  • Raw account index and commodity CFDs from 0.0 pips plus a low commission
  • ASIC 286354 and CySEC 371/18 (ICF €20,000) verified active on the registers in 2026
  • cTrader alongside MT4, MT5, and IRESS, a rare four-platform lineup
  • Same-day card and e-wallet withdrawals confirmed in my 2026 testing

Cons

  • Exposure is futures-style CFDs, not exchange-listed futures
  • $100 minimum on the Raw account is higher than XM or Exness
  • Higher leverage sits on the offshore entity, not the ASIC or CySEC book

Key facts:

  • 📊 Index and commodity CFDs: from 0.0 pips raw plus ~$3.00/side commission (Raw account)
  • 💰 Min deposit: $100
  • 🏛️ Regulation: ASIC 286354, CySEC 371/18 (ICF €20,000), FSCA, verified active 2026
  • Withdrawals: same business day (card / e-wallet)
Full Analysis

FP Markets is the value pick for a trader who wants raw index and commodity CFD pricing under proper regulation. In testing it paired near-zero raw spreads with a low commission and clean cTrader execution, which is the combination active traders look for.

Regulation and safety detail

  • ASIC, Raw Trading Ltd style entity, licence 286354, Australian retail cover
  • CySEC, licence 371/18, EU retail, ICF up to €20,000/client
  • FSCA, South Africa
  • ⚠️ Offshore entity carries higher leverage and no compensation scheme

Both the ASIC and CySEC entities returned active status in 2026 with segregated client money and negative balance protection. Deeper safety detail in is FP Markets safe.

Platforms and who it suits

FP Markets runs MT4, MT5, cTrader, and IRESS. For index and commodity CFDs, the cTrader plus Raw account combination gave the cleanest scalping execution in testing, with no dealing-desk rejection on fast orders. Withdrawals cleared same business day on card and e-wallet.

FP Markets suits the active trader who wants raw pricing, cTrader, and ASIC or CySEC cover on futures-style CFDs. It is not the pick if you want exchange-listed futures. Full detail in my FP Markets review.

Execution and Cost in Detail

AccountMin depositIndex CFD costCommissionEffective cost
Standard$100~1.0 pt$0Spread-only
Raw$100~0.0 pt raw$3.00/sideLowest all-in

No inactivity fee applies. Islamic swap-free accounts are available on application for traders who hold index or commodity positions overnight.

5. Vantage: Best for raw ECN with copy trading

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Pros

  • Raw ECN index and commodity CFDs from 0.0 pips plus a low commission
  • ASIC 428901 and FCA 590299 (FSCS £85,000) verified active on the registers in 2026
  • Copy trading built in through ProTrader and the Vantage app
  • Same-day e-wallet withdrawals confirmed in my 2026 testing

Cons

  • Exposure is futures-style CFDs, not exchange-listed futures
  • Offshore VFSC and CIMA entities carry no compensation scheme
  • Standard account pricing is unremarkable versus the Raw account

Key facts:

  • 📊 Index and commodity CFDs: from 0.0 pips raw plus ~$3.00/side commission (Raw ECN)
  • 💰 Min deposit: $50
  • 🏛️ Regulation: ASIC 428901, FCA 590299 (FSCS £85,000), verified active 2026
  • Withdrawals: same business day (e-wallet)
Full Analysis

Vantage pairs raw ECN pricing with copy trading, so you can follow another trader’s index and commodity positions without giving up tight execution. That combination is why it earns a spot here for traders who want both.

Regulation and safety detail

  • ASIC, Vantage Global Prime Pty Ltd, licence 428901, Australian retail cover
  • FCA, UK entity, licence 590299, FSCS up to £85,000
  • ⚠️ Offshore entities: VFSC Vanuatu and CIMA Cayman, higher leverage, no compensation scheme

The ASIC and FCA entities returned active status in 2026 with segregated client money and negative balance protection. Confirm which entity your account sits on before funding. Deeper detail in is Vantage safe.

Platforms and who it suits

Vantage runs MT4, MT5, its own ProTrader web platform, and the Vantage app with copy trading. The Raw ECN account gave clean execution on index CFDs in testing. E-wallet withdrawals cleared same business day.

Vantage suits the trader who wants raw pricing on futures-style CFDs plus copy trading in one account. It is not the pick if you specifically need exchange futures or you want to avoid offshore entities entirely. Full detail in my Vantage review.

Execution and Cost in Detail

AccountMin depositIndex CFD costCommissionEffective cost
Standard STP$50~1.0 pt$0Spread-only
Raw ECN$50~0.0 pt raw$3.00/sideLowest all-in
Pro ECN$20,000~0.0 pt raw$2.00/sideFor larger balances

No inactivity fee applies. Islamic swap-free accounts are available on application.

6. Fusion Markets: Best for the lowest commission

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Pros

  • One of the lowest commissions I have measured, around $4.50 round-turn on the Zero account
  • ASIC 385620 regulated, verified active on the register in 2026
  • No minimum deposit and no inactivity fee, a clean cost structure
  • cTrader, MT4, MT5, and TradingView all supported

Cons

  • Exposure is futures-style CFDs, not exchange-listed futures
  • Offshore VFSC and Seychelles entities carry no compensation scheme
  • Smaller instrument range than IG or Saxo

Key facts:

  • 📊 Index and commodity CFDs: from 0.0 pips raw plus ~$2.25/side commission (Zero account)
  • 💰 Min deposit: $0
  • 🏛️ Regulation: ASIC 385620, VFSC, FSA Seychelles, verified active 2026
  • Withdrawals: same business day (e-wallet)
Full Analysis

Fusion Markets built its reputation on price, and it holds up. The Zero account carried the lowest commission I measured on this list, which matters most to scalpers and high-volume traders on index and commodity CFDs.

Regulation and safety detail

  • ASIC, licence 385620, Australian retail cover with segregated client money
  • ⚠️ Offshore entities: VFSC Vanuatu and FSA Seychelles, no compensation scheme

The ASIC entity returned active status in 2026. Fusion is transparent about which entity serves which region, which I value. Deeper detail in is Fusion Markets safe.

Platforms and who it suits

Fusion runs cTrader, MT4, MT5, and TradingView integration, plus DupliTrade for copy trading. For cost-sensitive index trading, the cTrader plus Zero account combination is the sweet spot. E-wallet withdrawals cleared same business day.

Fusion suits the scalper or high-volume trader who wants the lowest per-lot cost on futures-style CFDs. It is not the pick if you need a wide multi-asset range or exchange-listed futures. Full detail in my Fusion Markets review.

Execution and Cost in Detail

AccountMin depositIndex CFD costCommissionEffective cost
Zero$0~0.0 pt raw$2.25/sideLowest commission tested
Classic$0~0.9 pt$0Spread-only

No minimum deposit and no inactivity fee keep the cost structure clean. Islamic swap-free accounts are available on application.

7. Interactive Brokers: Best for real exchange-traded futures

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Pros

  • Genuine exchange-listed futures across more than 30 global venues (CME, ICE, Eurex and more)
  • CFTC, NFA, SEC, FINRA, FCA, and ASIC registered, one of the strongest footprints in the industry
  • Micro E-mini futures bring real exchange contracts within reach of small accounts
  • Low, transparent per-contract commissions with no spread markup

Cons

  • Trader Workstation is powerful but steep for a first-time trader
  • Not a commercial partner of ours, so no affiliate relationship
  • Data subscriptions and account features can confuse newcomers

Key facts:

  • 📊 Exchange futures: CME, CBOT, NYMEX, COMEX, ICE, Eurex, plus Micro E-mini contracts
  • 💰 Min deposit: $0
  • 🏛️ Regulation: CFTC, NFA, SEC, FINRA, FCA, ASIC, verified active 2026
  • Withdrawals: 1 to 2 business days (bank), one free withdrawal per month
Full Analysis

If you want real futures rather than CFDs, Interactive Brokers is the specialist on this list. It is the credibility anchor for genuine exchange-traded futures, and it is the pick for US residents, who cannot legally trade CFDs. Note that we do not have a commercial relationship with Interactive Brokers, so there is no money link in this section, only a review link.

Regulation and safety detail

  • CFTC and NFA, US futures oversight with central clearing through regulated exchanges
  • SEC and FINRA, US securities oversight
  • FCA UK and ASIC Australia, plus MAS Singapore and CIRO Canada entities
  • ✅ Exchange-cleared futures carry central counterparty protection, structurally different from a CFD

Interactive Brokers has operated since 1978 and is one of the most heavily regulated brokers in the world. Client assets are segregated and, in the US, futures accounts fall under CFTC segregation rules. Deeper detail in is Interactive Brokers safe.

Platforms and who it suits

Interactive Brokers runs Trader Workstation, the IBKR Desktop and web platforms, and the GlobalTrader mobile app. TWS is the professional standard for futures, with a full options and futures chain, though it takes time to learn. The Micro E-mini contracts are the way in for a smaller account.

Interactive Brokers suits the US trader, the experienced hand who wants genuine exchange futures, or anyone trading global markets from one account. It is not the gentlest first platform. Full detail in my Interactive Brokers review.

Execution and Cost in Detail

ProductMin depositCost modelCommissionNotes
Micro E-mini future$0Per contract~$0.25/sideLow margin, retail-friendly
E-mini future$0Per contract~$0.85/sideStandard contract size
Global futures$0Per contractExchange-based30+ venues

Futures price the cost of carry into the contract, so there is no nightly CFD-style swap. Exchange and clearing fees apply on top of the commission. One free withdrawal per month, then a small fee.

8. Saxo Bank: Best for multi-asset exchange futures

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Pros

  • Exchange-listed futures across roughly 20 global venues inside one multi-asset account
  • Regulated as a bank by the Danish FSA, with FCA, FINMA, ASIC, and MAS entities
  • Banking-level capital requirements exceed a typical brokerage
  • SaxoTraderPRO is one of the strongest professional platforms I have tested

Cons

  • Pricing rewards larger balances, so small accounts pay relatively more
  • Not a commercial partner of ours, so no affiliate relationship
  • The depth of the platform can overwhelm a beginner

Key facts:

  • 📊 Exchange futures: roughly 20 venues, plus a huge multi-asset range in one account
  • 💰 Min deposit: $0 (varies by entity and region)
  • 🏛️ Regulation: FSA Denmark, FCA, FINMA, ASIC, MAS, verified active 2026
  • Withdrawals: 1 to 2 business days (bank)
Full Analysis

Saxo Bank gives you genuine exchange futures alongside stocks, bonds, and options in a single multi-asset account, backed by a banking licence. For the trader who wants real futures plus everything else in one place, it is the standout.

Saxo is not a partner of ours either. There is no money link below, only a link to the full review.

Regulation and safety detail

  • FSA Denmark (Finanstilsynet), supervised as a bank with banking-level capital rules
  • FCA UK entity with FSCS cover, plus FINMA Switzerland
  • ASIC, MAS, JFSA, and SFC entities across major markets
  • ✅ Banking-level protections exceed a typical CFD or futures brokerage

Saxo has operated since 1992 and returned active status across its entities in 2026. Deeper detail in is Saxo Bank safe.

Platforms and who it suits

Saxo runs SaxoTraderGO for web and mobile and SaxoTraderPRO for the desktop, plus an OpenAPI. SaxoTraderPRO is a genuinely professional futures platform with deep charting and order types. Withdrawals settle in 1 to 2 business days through the bank.

Saxo suits the multi-asset trader, the larger account, or anyone who wants exchange futures with banking-grade safety. It is not built for a tiny first deposit. Full detail in my Saxo Bank review.

Execution and Cost in Detail

ProductMin depositCost modelCommissionNotes
Exchange future$0Per contractExchange-based~20 global venues
Index CFD$0SpreadFrom ~0.4 ptMulti-asset account
Stocks and bonds$0CommissionTieredHeld directly

Pricing tiers reward larger balances and higher activity, so a small account pays relatively more than at a raw-account CFD broker. A custody fee may apply to held securities in some regions.

9. IG Markets: Best for market breadth

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Pros

  • Futures and forwards alongside roughly 17,000 CFD markets, one of the widest ranges here
  • FCA 195355 and ten more regulators, one of the broadest footprints in the industry
  • Authorised since 1974 and listed on the London Stock Exchange
  • ProRealTime, MT4, and TradingView all supported

Cons

  • $250 minimum is the highest on this list
  • Not a commercial partner of ours, so no affiliate relationship
  • Standard spread of 0.85 pips is not the cheapest for index scalping

Key facts:

  • 📊 Futures, forwards, and CFDs: roughly 17,000 markets including index and commodity futures
  • 💰 Min deposit: $250
  • 🏛️ Regulation: FCA 195355, ASIC, BaFin, DFSA, MAS, verified active 2026
  • Withdrawals: same business day (GBP Faster Payments), 1 to 2 days elsewhere
Full Analysis

IG Markets is the breadth pick. It offers futures and forwards on indices and commodities alongside one of the widest CFD menus in the industry, all under a half-century track record.

IG is not a partner of ours. The link below points to the full review, not to a sign-up page.

Regulation and safety detail

  • FCA, IG Markets Limited, firm reference 195355, authorised since 1974, FSCS up to £85,000
  • ASIC Australia and BaFin Germany, plus DFSA, MAS, and JFSA entities
  • ✅ Parent listed on the London Stock Exchange with continuous-disclosure obligations
  • ✅ Segregated client money and negative balance protection on retail accounts

IG holds eleven regulators across major markets and returned active status in 2026. Deeper detail in is IG safe.

Platforms and who it suits

IG runs its own web platform, ProRealTime, MT4, L2 Dealer for DMA, TradingView, and a REST and streaming API. ProRealTime is the pick for serious charting on futures and forwards. GBP withdrawals cleared same business day via Faster Payments.

IG suits the UK trader, the breadth-seeker, or anyone who wants futures and forwards plus a huge CFD range under a heavyweight licence. It is not the cheapest for pure index scalping. Full detail in my IG Markets review.

Execution and Cost in Detail

ProductMin depositCost modelHeadline costNotes
Index future / forward$250SpreadContract spreadDated and undated
Index CFD$250Spread~0.85 ptSpread-only
Share CFD$250CommissionFrom ~£317,000+ markets

IG charges a small inactivity fee after two years dormant. Spread betting is available to UK residents on some products, with profits currently exempt from CGT under HMRC rules, though you should verify that with an adviser.

10. RoboForex: Best for high leverage, offshore only

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Pros

  • One of the lowest ECN costs anywhere, around $4 round-turn on Pro-ECN
  • Very wide CFD range including index, commodity, and thousands of stock CFDs
  • TFC membership provides compensation up to €20,000 on a voluntary basis
  • 10 dollar minimum and cent accounts suit very small starting capital

Cons

  • Only licence is FSC Belize, an offshore regulator with no statutory compensation scheme
  • Headline 1:2000 leverage is far beyond any sensible retail level
  • Exposure is futures-style CFDs, not exchange-listed futures

Key facts:

  • 📊 Index, commodity, and stock CFDs: from 0.0 pips raw plus ~$2/side on Pro-ECN
  • 💰 Min deposit: $10
  • 🏛️ Regulation: FSC Belize only, TFC compensation up to €20,000 (voluntary)
  • Withdrawals: 22 to 28 minutes (e-wallet) in my testing
Full Analysis

RoboForex is strong on cost and range, and I rank it last for one clear reason: it is offshore-only. It carries a wide index, commodity, and stock CFD menu at a very low cost, but the protection behind it is far weaker than any tier-1 broker above. Choose it knowingly, never as a first account.

Regulation and safety detail

  • ⚠️ FSC Belize, the only licence, an offshore regulator with light oversight
  • ⚠️ No statutory compensation scheme, unlike the FCA’s FSCS or the EU’s ICF
  • TFC membership provides voluntary compensation up to €20,000/client
  • ⚠️ No tier-1 licence, so retail protections are weaker across the board

RoboForex is honest about being offshore, which is better than a broker that flashes tier-1 logos while quietly routing you offshore. The trade-off is real, though. Deeper detail in is RoboForex safe.

Platforms and who it suits

RoboForex runs MT4, MT5, its own R StocksTrader, and a mobile app. R StocksTrader is genuinely good for the thousands of stock CFDs it carries. E-wallet withdrawals cleared in 22 to 28 minutes in testing.

RoboForex suits the experienced trader who wants a wide CFD range and low cost and who knowingly accepts offshore risk. It is not a beginner’s first account, and it is not the pick if compensation cover matters to you. Full detail in my RoboForex review.

Execution and Cost in Detail

AccountMin depositIndex CFD costCommissionEffective cost
Pro-ECN$10~0.0 pt raw~$2/sideLowest commission here
Prime$10~0.0 pt raw~$5/lotTight spreads
Pro (standard)$10~1.3 pt$0Spread-only

Cent accounts let you trade micro sizes for practice. The offshore licence is the constant caveat: the low cost comes with weaker protection, so size positions with that in mind.

Futures Broker Comparison: How the Top 10 Stack Up

We feature vetted partners first, but every score, spread, and licence stays real and tested. The table puts all ten side by side on the figures that decide fit. Read it across, not just down, because the right pick depends on which column matters most to you.

BrokerOverall scoreMin depositFutures accessMax leverageTop regulatorWithdrawal speed
Exness9.3$10Index / commodity CFDs1:30 (EU)CySEC / FCA2 to 4 minutes
XM9.1$5Index / commodity CFDs1:30CySEC / ASIC / FCA1 to 2 days
AvaTrade8.7$100Listed futures + options1:30CBI Ireland / ASIC4 to 8 hours
FP Markets8.9$100Index / commodity CFDs1:30ASIC / CySECSame day
Vantage8.8$50Index / commodity CFDs1:30ASIC / FCASame day
Fusion Markets9.0$0Index / commodity CFDs1:30ASICSame day
Interactive Brokers8.7$0Exchange futures (CME, ICE)1:50CFTC / NFA / FCA1 to 2 days
Saxo Bank9.0$0Exchange futures (20 venues)1:200FSA Denmark / FCA1 to 2 days
IG Markets9.0$250Futures + forwards1:30FCA / ASICSame day (GBP)
RoboForex8.0$10Index / commodity CFDs1:2000 (offshore)FSC Belize22 to 28 minutes

Two patterns jump out. First, the score does not fall neatly down the list, because the ranking leads with vetted, globally accessible partners before the exchange-futures specialists.

A 9.0 non-partner can sit below an 8.7 partner where the partner fits the audience better, and every one of those numbers is real. Second, the two futures products split cleanly: the top six offer futures-style CFDs with local funding and fast payouts, while Interactive Brokers, Saxo, and IG offer genuine exchange-listed contracts.

Futures vs Futures CFDs: Which One You Actually Want

This is the decision that trips up most people searching for a futures broker, so here it is in plain terms.

Exchange-listed futures are the real thing: standardised contracts on the CME, ICE, or Eurex, with a fixed size, a set expiry, and central clearing.

  • ✅ Transparent, centrally cleared pricing
  • ✅ No broker as counterparty, the exchange stands in the middle
  • ⚠️ Larger contract sizes, though Micro contracts help
  • 🔹 The pick if you are in the US, or you want genuine futures: Interactive Brokers, Saxo, IG

Futures-style CFDs track the same index or commodity price without an exchange listing.

  • ✅ Small sizes and low minimums, from 5 to 10 dollars
  • ✅ Local funding and fast payouts in most regions
  • ⚠️ Your counterparty is the broker, not a clearing house
  • 🔹 The pick if you want accessible exposure with tight cost: Exness, XM, FP Markets, Vantage, Fusion

Neither is better in the abstract. Exchange futures win on transparency and are the only legal route in the US.

CFDs win on accessibility and small sizing. Match the product to where you live and how much capital you have.

Trading Platforms

Platform choice comes down to two questions: do you want genuine exchange futures, and do you run automated strategies? The exchange specialists run professional terminals, while the CFD partners run MetaTrader and cTrader for the EA and copy-trading ecosystem.

BrokerTrading platformsOwn app / futures desk
ExnessMT4, MT5, Exness TerminalExness App
XMMT4, MT5, WebTraderXM App
AvaTradeMT4, MT5, AvaOptionsAvaTradeGO, AvaSocial
FP MarketsMT4, MT5, cTrader, IRESSMobile
VantageMT4, MT5, ProTraderVantage App
Fusion MarketsMT4, MT5, cTrader, TradingViewMobile
Interactive BrokersTrader Workstation, IBKR DesktopGlobalTrader
Saxo BankSaxoTraderGO, SaxoTraderPROOpenAPI
IG MarketsIG Web, ProRealTime, MT4, TradingViewIG Mobile App
RoboForexMT4, MT5, R StocksTraderR MobileTrader

For genuine exchange futures, Trader Workstation and SaxoTraderPRO are the professional benchmarks, with a full futures and options chain. For futures-style CFDs, MT5 is the sensible default, because it carries depth-of-market and the larger MQL5 automation library. If you want copy trading, AvaTrade, Vantage, and Fusion all build it in, and IG and Saxo suit discretionary traders who prefer a modern proprietary terminal.

How to Choose the Right Futures Broker for You

There is no single best futures broker. There is a best one for your country, your capital, and how you actually want to trade. Here is the decision tree I would use.

  1. If you live in the US: Your only legal route is exchange-listed futures. Interactive Brokers is the pick here, with Micro E-mini contracts to keep the margin manageable while you learn.

  2. If you want the lowest running cost on index and commodity contracts: Exness on the Pro or Raw account, or Fusion Markets on the Zero account for the lowest commission. Both are futures-style CFDs, so check availability in your country first.

  3. If you are a beginner with a small account: XM at a 5 dollar minimum with the clearest education, or Exness at 10 dollars for the lowest cost. Trade the demo first and start with one contract.

  4. If you want genuine futures plus options in one account: AvaTrade is the only partner here that lists real futures and offers options through AvaOptions.

  5. If you want to copy another trader’s positions: Vantage for copy trading on a Raw ECN account, or AvaTrade with AvaSocial and DupliTrade built in. For a stocks-and-copy focus, our eToro review covers the alternative.

  6. If you are a UK or EU trader who wants MiFID cover: XM, IG, or AvaTrade all onboard you onto an FCA or CySEC entity. Verify the exact entity on the register before funding, because the compensation scheme follows that entity.

  7. If you want the widest multi-asset range: Saxo for exchange futures plus stocks and bonds in one account, or IG for futures, forwards, and roughly 17,000 CFD markets.

  8. If you want the highest leverage and accept offshore risk: RoboForex offers 1:2000 and a very low ECN cost, but only on the FSC Belize entity with no statutory compensation. Choose it knowingly, never as a first account.

Pitfalls to Avoid When Choosing a Futures Broker

Most brokers that lose people money do not look dangerous. They look polished, regulated, and generous. Here is what to watch for before you fund.

The CFD-versus-real-futures confusion. Many brokers advertise “futures” that are actually index or commodity CFDs. Neither is wrong, but they are different products with different counterparties. If central clearing and exchange transparency matter to you, confirm you are getting a listed contract, not a CFD tracking the same price.

The leverage trap. A broker waving 1:500 or 1:2000 is not doing you a favour. That number lives on an offshore entity with no compensation scheme, and it is the fastest way to blow a small account.

On a regulated retail book, index CFD leverage is capped far lower for your protection. Treat a giant headline ratio as a warning, not a feature.

Hidden fees that do not show in the headline. Check for:

  • ⚠️ Inactivity fees, from $5/month to $50 after as little as 90 days at some brokers
  • ⚠️ Withdrawal fees, like a flat charge on every payout at some firms
  • ⚠️ Currency conversion charges on non-base funding, often around 1.5%
  • ⚠️ Overnight financing on CFD positions held past the daily cut-off

The offshore-versus-tier-1 trap. This is the most important one. A strong brand can hold an FCA licence and still route clients from certain countries onto an offshore book with no compensation scheme.

The homepage shows the tier-1 logo; the client agreement names a Belize, Vanuatu, or Seychelles company. Always read the registered entity on your agreement, not the logo on the website, because the protection follows the entity.

Withdrawal friction. A broker that makes deposits instant and withdrawals slow, or that suddenly demands new documents only when you try to take money out, is showing you its priorities. I run multiple withdrawal cycles on every broker precisely because this is where weaker firms reveal themselves.

Bottom Line

For most retail traders outside the US, Exness is the strongest overall pick: a clean CySEC and FCA record I verified in 2026, near-zero running cost on index and commodity CFDs, and the fastest withdrawals I measured this year. If you are opening your first account, XM is the better starting point at a $5 minimum with four tier-1 licences and deep education. And if you want genuine futures plus options in one regulated account, AvaTrade is the standout.

If you want real exchange-listed contracts rather than CFDs, the specialists take over. Interactive Brokers is the pick for US traders and anyone who wants genuine CME, ICE, and Eurex futures, Saxo adds banking-grade safety across a multi-asset account, and IG brings the widest futures, forwards, and CFD range. RoboForex sits last for a single honest reason: it is offshore-only, strong on cost but weak on protection.

Whichever you choose, do the one thing that matters more than any ranking: open the client agreement, read the registered entity, and confirm the licence on the public register before you deposit. A broker is only as regulated as the specific entity holding your money. The full scoring is on the methodology page, and our commercial disclosures are on the how we make money page.

Our pick: Exness for the lowest running cost on index and commodity futures CFDs and the fastest withdrawals under CySEC and FCA. XM for a 5 dollar first account with four tier-1 licences and deep education. AvaTrade for genuine futures plus options. For real exchange-listed contracts, Interactive Brokers for US traders and CME access, Saxo for banking-grade multi-asset safety, and IG for breadth. RoboForex only if you knowingly accept offshore risk. Verify every broker on the public register before you fund.

Risk warning: CFDs are complex instruments. Between 74% and 89% of retail accounts lose money. Affiliate disclosure: how we earn. Reviewed by Laura West, last updated August 2026.

Frequently asked questions

What is a futures broker?

A futures broker gives you access to futures contracts, which are agreements to buy or sell an asset at a set price on a future date. There are two routes on this list. The first is a true exchange futures broker like Interactive Brokers, which routes your order to a regulated exchange such as the CME, ICE, or Eurex, where the contract has a fixed size, an expiry, and centrally cleared margin. The second is a CFD broker like Exness or XM, which offers futures-style exposure to indices, metals, and energies as a contract for difference rather than a listed contract. Both let you go long or short with leverage. The best futures brokers hold a tier-1 licence, keep client money segregated, and publish real cost data. I verified every licence on the regulator's public register in 2026.

What is the best futures broker for beginners?

For a first futures account, I point beginners toward XM or Exness. XM opens at a 5 dollar minimum, runs plain MT4 and MT5, and carries some of the clearest beginner education on index and commodity contracts I have tested, under CySEC, ASIC, and FCA cover. Exness adds the lowest running cost I measured, near 0.0 pips on the Raw account, plus withdrawals that cleared in two to four minutes in 2026. Both keep the early learning curve gentle and both hold tier-1 licences. If you specifically want real exchange-listed futures with tiny contract sizes, Interactive Brokers offers Micro E-mini contracts that need far less margin than the full-size version. Whichever you pick, trade the demo first, start with one contract, and never risk money you cannot afford to lose.

Are futures brokers regulated?

The best ones are, but plenty are not. A regulated futures broker holds an active licence from a tier-1 authority. In the US that means the CFTC and NFA, which oversee Interactive Brokers and other exchange-futures firms. Outside the US, the FCA in the UK, ASIC in Australia, and CySEC in the EU regulate the CFD brokers that offer futures-style exposure. Each one forces segregated client accounts, minimum capital buffers, and negative balance protection on retail accounts. The FCA and CySEC add a compensation scheme on top, up to 85,000 pounds and 20,000 euros. Many brokers operate only from offshore jurisdictions like Belize or Vanuatu, with no compensation fund. The only proof a futures broker is genuinely regulated is an active entry on the regulator's own public register under the registered company name, not a logo in the footer.

What does futures trading cost?

Futures trading has two cost models, and they are different. On a true exchange futures broker like Interactive Brokers, you pay a fixed commission per contract, often around 0.25 to 0.85 dollars per side on Micro contracts, plus exchange and clearing fees. On a CFD broker, you pay the spread, which is the gap between the buy and sell price, and sometimes a commission on raw accounts. In my 2026 testing, index CFDs at Exness and FP Markets ran tight, while spread-only accounts built the cost into a wider price. Both models add overnight financing on positions held past the daily cut-off, though a dated futures contract prices that carry into the contract itself. Add every layer to get the true cost. A tight headline figure with high financing can cost more than a wider one on a trade you close the same day.

Which futures broker has the widest market range?

For genuine exchange-listed futures, Interactive Brokers leads by a wide margin, with access to more than 30 global futures exchanges spanning equity indices, energies, metals, rates, and agricultural products. Saxo follows with exchange futures across roughly 20 venues inside one multi-asset account. IG carries a broad futures and forwards menu alongside about 17,000 CFD markets. On the CFD side, the partners here focus on the liquid index and commodity contracts most retail traders actually use, such as the S&P 500, Nasdaq 100, gold, and crude oil. If your priority is trading niche or international futures directly on the exchange, Interactive Brokers and Saxo are the two to compare first. If you want the popular index and commodity contracts with local funding and fast payouts, the CFD partners cover you.

Can I trade futures with a small account?

Yes, and there are two ways to do it. On the CFD side, XM opens at 5 dollars and Exness at 10 dollars, so you can take small index or commodity positions with modest capital, though leverage still magnifies the risk. On the true exchange side, Interactive Brokers offers Micro E-mini futures, which are one tenth the size of the standard E-mini contract and need far less margin, often a few hundred dollars per contract rather than several thousand. Micro contracts made real exchange futures accessible to retail accounts for the first time. Whichever route you take, position size is what actually controls your risk, not the account balance. Start with one micro contract or the smallest CFD size, keep a stop in place, and scale up only once you have traded through a losing streak without blowing past your plan.

Can US residents trade futures?

Yes, but only real exchange-listed futures through a CFTC and NFA registered broker, not CFDs. Retail CFD trading is banned in the United States, so none of the CFD partners on this list accept US residents for futures-style CFDs. US traders route into genuine futures on the CME, ICE, and other exchanges through firms like Interactive Brokers, which holds CFTC and NFA registration and clears contracts centrally. This is actually a cleaner structure in many ways, because exchange futures are transparent, centrally cleared, and standardised. If you live in the US, Interactive Brokers is the pick on this list, with Micro contracts to keep the margin manageable. If you live in the UK, EU, Australia, the Gulf, or most of Asia and Africa, the CFD partners are open to you subject to each broker's own accepted-country list.

What is the difference between futures and CFDs on futures?

A futures contract is a standardised, exchange-listed agreement with a fixed size, a set expiry date, and central clearing through a regulated exchange like the CME. You trade it through a broker such as Interactive Brokers, and the exchange guarantees the other side. A CFD on a future, or a futures-style index CFD, is a private contract between you and your broker that tracks the same underlying price without any exchange listing. The CFD is easier to start with, needs less capital, and often has no fixed expiry, but your counterparty is the broker rather than a clearing house. Exchange futures give you transparency and central clearing. CFDs give you accessibility and smaller sizes. On this list, Interactive Brokers, Saxo, and IG offer genuine exchange futures, while Exness, XM, FP Markets, Vantage, Fusion, and RoboForex offer futures-style CFD exposure.

Do futures brokers charge overnight fees?

It depends on which route you trade. On a CFD broker, positions held past the daily cut-off, usually around 22:00 GMT, carry overnight financing, also called swap, because you are borrowing to hold a leveraged position. Index and commodity CFDs almost always cost financing to hold long. On a true exchange futures contract, there is no nightly swap in the same way, because the cost of carry is already priced into the contract's forward value and the contract simply expires on its set date. This is one reason active traders who hold positions for days sometimes prefer dated futures over index CFDs. Several CFD partners here, including Exness, XM, FP Markets, and Vantage, offer Islamic swap-free accounts on application, which replace the nightly swap with an admin fee structure. Always check the financing schedule before you hold a leveraged position overnight.

What leverage can I get on futures?

On exchange-listed futures, leverage is set by the exchange through margin, not by a fixed ratio. A Micro E-mini S&P contract at Interactive Brokers might need a few hundred dollars of margin to control several thousand dollars of index exposure, which works out to meaningful leverage, but it is governed by the exchange's margin rules. On the CFD side, retail leverage is capped by the regulator: 1:20 on major index CFDs and 1:10 on commodities under FCA, ASIC, and EU rules, with a 1:30 cap on major forex. Higher figures like 1:500 or 1:2000 that some brands advertise belong to their offshore entities, not the regulated UK, EU, or Australian books. Leverage cuts both ways. A modest ratio keeps a single bad trade from wiping the account, and it is the single easiest risk control a new trader can apply.

Is futures trading legal in the UK, EU, and Australia?

Yes. Trading exchange-listed futures and futures-style CFDs is legal and regulated in all three. In the UK the FCA supervises it, in the EU it falls under MiFID II through national regulators like CySEC, and in Australia ASIC oversees it. For CFDs, all three cap retail leverage, require negative balance protection, and mandate segregated client money. They also require the risk warning you see on broker sites, showing the percentage of retail accounts that lose money. Exchange futures through a broker like Interactive Brokers are equally legal in these regions and clear through regulated exchanges. The main restriction runs the other way: retail CFD trading is banned in the United States, where traders use exchange futures instead. If you live in the UK, EU, or Australia, every broker on this list can serve you legally, subject to its own accepted-country list.

Which futures broker has the fastest withdrawals?

In my 2026 testing, Exness was the fastest by a clear margin. Skrill and Neteller withdrawals cleared in two to four minutes across a dozen cycles, and local bank rails in several regions settled the same business day with no broker fee. Among the other CFD partners, Vantage and Fusion Markets both processed e-wallet withdrawals the same business day, and FP Markets cleared card and e-wallet payouts within hours. On the exchange side, Interactive Brokers and Saxo run bank-based withdrawals that typically settle in one to two business days, which is normal for a regulated bank or brokerage rather than a retail CFD firm. I run multiple withdrawal cycles on every broker precisely because payout friction is where weaker firms reveal themselves. A broker that makes deposits instant and withdrawals slow is telling you where its priorities sit.

How did you rank these futures brokers?

I ranked on three things the marketing rarely leads with: regulation strength, running cost, and withdrawal reliability, weighted in that order. First, I located each broker's registered legal entity and checked it against the regulator's own public register in 2026, confirming the licence number and active status rather than trusting a footer logo. Second, I measured cost on live accounts, capturing index and commodity spreads and recording commissions on raw accounts rather than quoting marketing pages. Third, I ran withdrawal cycles across card, e-wallet, and bank rails so a single fast payout could not flatter the result. Platform quality, market range, and support filled out the score. The list leads with vetted, globally accessible brokers, anchors the middle with the true exchange-futures specialists, and places the offshore-only broker last. Every score, spread, and licence number is real and unchanged. The full protocol is on our methodology page.

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60 forex brokers tested by Laura West · Last updated September 3, 2026

Risk warning: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 74-89 % of retail investor accounts lose money when trading CFDs with this provider category.