- Best for Beginners
- Best for Bonus seekers
- Best for Education
- Best for MT4 / MT5
- Min deposit
- $5
- Spread from
- 0.6 pips
- Max leverage
- 1:1000
- Regulation
- CySEC · ASIC
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.
One winner per vertical · region-aware ordering
Worldwide editorial picks
your country
No partner broker on our shortlist legally acceptsforextraders fromyour country. Two verticals stay open to you.
| # | Broker | Our score | Regulation | Min Dep | Spread | Leverage | Open account |
|---|---|---|---|---|---|---|---|
| 1 | | FCAASIC +2 | $5 | 0.6 pips | 1:1000 | Open Account → CFDs · 74-89% lose | |
| 2 | | FCAASIC +2 | $50 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 3 | | FCAASIC +2 | $50 | 1.0 pips | 1:30 | Open Account → CFDs · 74-89% lose | |
| 4 | | FCAFSCA +2 | $10 | 0.0 pips | 1:Unlimited | Open Account → CFDs · 74-89% lose | |
| 5 | | FCAASIC +4 | $0 | 0.7 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 6 | | ASICVFSC +1 | $0 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 7 | | FCAASIC +9 | $250 | 0.85 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 8 | | FCAASIC +4 | $0 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 9 | | FCAASIC +6 | $0 | 0.4 pips | 1:200 | Open Account → CFDs · 74-89% lose | |
| 10 | | FCADFSA +2 | $0 | 0.5 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 11 | | ASICFSCA +1 | $100 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 12 | | ASICCySEC +1 | $200 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 13 | | ASICFSCA +7 | $100 | 0.9 pips | 1:400 | Open Account → CFDs · 74-89% lose | |
| 14 | | FCADFSA +3 | $100 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 15 | | FCAASIC +8 | $0 | 0.1 pips | 1:50 | Open Account → CFDs · 74-89% lose | |
| 16 | | FCAASIC +6 | $0 | 1.2 pips | 1:200 | Open Account → CFDs · 74-89% lose | |
| 17 | | FCAASIC +6 | $100 | 0.6 pips | 1:300 | Open Account → CFDs · 74-89% lose | |
| 18 | | FCAFSCA +3 | $100 | 0.0 pips | 1:1000 | Open Account → CFDs · 74-89% lose | |
| 19 | | FCAASIC +2 | $100 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 20 | | FCAASIC +6 | $100 | 0.0 pips | 1:1000 | Open Account → CFDs · 74-89% lose | |
| 21 | | FMAFSA Seychelles | $0 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 22 | | FCAASIC +4 | $20 | 0.6 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 23 | | FCAASIC +1 | $250 | 0.5 pips | 1:200 | Open Account → CFDs · 74-89% lose | |
| 24 | | FCAFSCA +3 | $10 | 0.0 pips | 1:2000 | Open Account → CFDs · 74-89% lose | |
| 25 | | FCADFSA +4 | $0 | 0.0 pips | 1:2000 | Open Account → CFDs · 74-89% lose | |
| 26 | | FCAFINMA +4 | $1000 | 0.6 pips | 1:100 | Open Account → CFDs · 74-89% lose | |
| 27 | | FCACySEC +3 | £1 | 0.6 pips | 1:300 | Open Account → CFDs · 74-89% lose | |
| 28 | | FCA | £1 | 0.6 pips | 1:200 | Open Account → CFDs · 74-89% lose | |
| 29 | | ASICFMA +1 | $100 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 30 | | FCACSSF +2 | $0 | 0.5 pips | 1:400 | Open Account → CFDs · 74-89% lose | |
| 31 | | ASICVFSC | $100 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 32 | | FCAASIC +4 | $100 | 0.0 pips | 1:30 | Open Account → CFDs · 74-89% lose | |
| 33 | | ASICCySEC +2 | $0 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 34 | | FCAASIC +4 | $0 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 35 | | FCAASIC +2 | $0 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 36 | | FINMAJFSA +1 | $100 | 0.1 pips | 1:200 | Open Account → CFDs · 74-89% lose | |
| 37 | | ASICFSCA +3 | $25 | 0.7 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 38 | | FSC BelizeTFC member (compensation up to €20,000) | $10 | 0.0 pips | 1:2000 | Open Account → CFDs · 74-89% lose | |
| 39 | | CySECFSA Seychelles | $100 | 0.7 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 40 | | FCAASIC +2 | $0 | 0.6 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 41 | | MFSA MaltaLabuan FSA +2 | $5 | 0.6 pips | 1:1000 | Open Account → CFDs · 74-89% lose | |
| 42 | | ASICVFSC | $200 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 43 | | FCADFSA +2 | $100 | 0.1 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 44 | | FCACFTC +3 | $0 | 0.6 pips | 1:30 | Open Account → CFDs · 74-89% lose | |
| 45 | | FCAASIC +2 | $10 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 46 | | ASICFSCA +1 | $100 | 0.0 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 47 | | ASICFSCA +3 | $1 | 0.0 pips | 1:3000 | Open Account → CFDs · 74-89% lose | |
| 48 | | FCA | £0 | 0.03% FX (USD-GBP) · £0 stock commission | 1:1 | Open Account → CFDs · 74-89% lose | |
| 49 | | FSCACySEC +3 | $10 | 0.0 pips | 1:3000 | Open Account → CFDs · 74-89% lose | |
| 50 | | FCAFSCA +2 | $100 | 1.0 pips | 1:400 | Open Account → CFDs · 74-89% lose | |
| 51 | | FCAASIC +2 | $50 | 0.2 pips | 1:400 | Open Account → CFDs · 74-89% lose | |
| 52 | | FSCACySEC +2 | $5 | 0.0 pips | 1:1000 | Open Account → CFDs · 74-89% lose | |
| 53 | | CySEC | $100 | 0.6 pips | 1:600 | Open Account → CFDs · 74-89% lose | |
| 54 | | FCAFSCA +2 | $100 | 0.6 pips | 1:300 | Open Account → CFDs · 74-89% lose | |
| 55 | | FSCACySEC +2 | $250 | 0.5 pips | 1:1000 | Open Account → CFDs · 74-89% lose | |
| 56 | | FSCACySEC +2 | $25 | 0.6 pips | 1:500 | Open Account → CFDs · 74-89% lose | |
| 57 | | FSCASLIBC +1 | $50 | 0.0 pips | 1:1000 | Open Account → CFDs · 74-89% lose | |
| 58 | | FCAFSA | $20 | 0.0 pips | 1:Unlimited | Open Account → CFDs · 74-89% lose | |
| 59 | | FCAASIC +3 | $100 | 0.0 pips | 1:1000 | Open Account → CFDs · 74-89% lose | |
| 60 | | FCAFSCA +2 | $100 | 0.0 pips | 1:1000 | Open Account → CFDs · 74-89% lose |
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.
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.
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:
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.
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.
Here is the exact weighting behind every score on this page. Nothing is rounded up to flatter a partner.
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 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.
Key facts:
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.
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.
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.
| Account | Min deposit | Index CFD cost | Commission | Effective cost |
|---|---|---|---|---|
| Standard | $10 | ~1.0 pt | $0 | Low, spread-only |
| Pro | $200 | ~0.2 pt | $0 | Lowest all-in, no commission |
| Raw Spread | $200 | ~0.0 pt raw | $3.50/side | Tight raw plus commission |
| Zero | $200 | ~0.0 pt raw | $0.05 to $1/lot | Near-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.
Key facts:
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.
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.
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.
| Account | Min deposit | Index CFD cost | Commission | Effective cost |
|---|---|---|---|---|
| Standard | $5 | ~0.6 pt | $0 | Spread-only, beginner-friendly |
| Ultra Low | $50 | ~0.4 pt | $0 | Tighter spread-only |
| Zero | $100 | ~0.0 pt raw | ~$3.50/side | Lowest 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.
Key facts:
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.
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.
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.
| Product | Min deposit | Headline cost | Commission | Notes |
|---|---|---|---|---|
| Index / commodity CFD | $100 | ~0.9 pt | $0 | Spread-only |
| Listed futures (MT5) | $100 | Contract spread | Varies | Genuine dated contracts |
| AvaOptions | $100 | Option premium | $0 | Options 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.
Key facts:
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.
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.
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.
| Account | Min deposit | Index CFD cost | Commission | Effective cost |
|---|---|---|---|---|
| Standard | $100 | ~1.0 pt | $0 | Spread-only |
| Raw | $100 | ~0.0 pt raw | $3.00/side | Lowest all-in |
No inactivity fee applies. Islamic swap-free accounts are available on application for traders who hold index or commodity positions overnight.
Key facts:
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.
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.
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.
| Account | Min deposit | Index CFD cost | Commission | Effective cost |
|---|---|---|---|---|
| Standard STP | $50 | ~1.0 pt | $0 | Spread-only |
| Raw ECN | $50 | ~0.0 pt raw | $3.00/side | Lowest all-in |
| Pro ECN | $20,000 | ~0.0 pt raw | $2.00/side | For larger balances |
No inactivity fee applies. Islamic swap-free accounts are available on application.
Key facts:
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.
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.
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.
| Account | Min deposit | Index CFD cost | Commission | Effective cost |
|---|---|---|---|---|
| Zero | $0 | ~0.0 pt raw | $2.25/side | Lowest commission tested |
| Classic | $0 | ~0.9 pt | $0 | Spread-only |
No minimum deposit and no inactivity fee keep the cost structure clean. Islamic swap-free accounts are available on application.
Key facts:
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.
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.
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.
| Product | Min deposit | Cost model | Commission | Notes |
|---|---|---|---|---|
| Micro E-mini future | $0 | Per contract | ~$0.25/side | Low margin, retail-friendly |
| E-mini future | $0 | Per contract | ~$0.85/side | Standard contract size |
| Global futures | $0 | Per contract | Exchange-based | 30+ 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.
Key facts:
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.
Saxo has operated since 1992 and returned active status across its entities in 2026. Deeper detail in is Saxo Bank safe.
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.
| Product | Min deposit | Cost model | Commission | Notes |
|---|---|---|---|---|
| Exchange future | $0 | Per contract | Exchange-based | ~20 global venues |
| Index CFD | $0 | Spread | From ~0.4 pt | Multi-asset account |
| Stocks and bonds | $0 | Commission | Tiered | Held 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.
Key facts:
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.
IG holds eleven regulators across major markets and returned active status in 2026. Deeper detail in is IG safe.
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.
| Product | Min deposit | Cost model | Headline cost | Notes |
|---|---|---|---|---|
| Index future / forward | $250 | Spread | Contract spread | Dated and undated |
| Index CFD | $250 | Spread | ~0.85 pt | Spread-only |
| Share CFD | $250 | Commission | From ~£3 | 17,000+ 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.
Key facts:
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.
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.
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.
| Account | Min deposit | Index CFD cost | Commission | Effective cost |
|---|---|---|---|---|
| Pro-ECN | $10 | ~0.0 pt raw | ~$2/side | Lowest commission here |
| Prime | $10 | ~0.0 pt raw | ~$5/lot | Tight spreads |
| Pro (standard) | $10 | ~1.3 pt | $0 | Spread-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.
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.
| Broker | Overall score | Min deposit | Futures access | Max leverage | Top regulator | Withdrawal speed |
|---|---|---|---|---|---|---|
| Exness | 9.3 | $10 | Index / commodity CFDs | 1:30 (EU) | CySEC / FCA | 2 to 4 minutes |
| XM | 9.1 | $5 | Index / commodity CFDs | 1:30 | CySEC / ASIC / FCA | 1 to 2 days |
| AvaTrade | 8.7 | $100 | Listed futures + options | 1:30 | CBI Ireland / ASIC | 4 to 8 hours |
| FP Markets | 8.9 | $100 | Index / commodity CFDs | 1:30 | ASIC / CySEC | Same day |
| Vantage | 8.8 | $50 | Index / commodity CFDs | 1:30 | ASIC / FCA | Same day |
| Fusion Markets | 9.0 | $0 | Index / commodity CFDs | 1:30 | ASIC | Same day |
| Interactive Brokers | 8.7 | $0 | Exchange futures (CME, ICE) | 1:50 | CFTC / NFA / FCA | 1 to 2 days |
| Saxo Bank | 9.0 | $0 | Exchange futures (20 venues) | 1:200 | FSA Denmark / FCA | 1 to 2 days |
| IG Markets | 9.0 | $250 | Futures + forwards | 1:30 | FCA / ASIC | Same day (GBP) |
| RoboForex | 8.0 | $10 | Index / commodity CFDs | 1:2000 (offshore) | FSC Belize | 22 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.
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.
Futures-style CFDs track the same index or commodity price without an exchange listing.
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.
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.
| Broker | Trading platforms | Own app / futures desk |
|---|---|---|
| Exness | MT4, MT5, Exness Terminal | Exness App |
| XM | MT4, MT5, WebTrader | XM App |
| AvaTrade | MT4, MT5, AvaOptions | AvaTradeGO, AvaSocial |
| FP Markets | MT4, MT5, cTrader, IRESS | Mobile |
| Vantage | MT4, MT5, ProTrader | Vantage App |
| Fusion Markets | MT4, MT5, cTrader, TradingView | Mobile |
| Interactive Brokers | Trader Workstation, IBKR Desktop | GlobalTrader |
| Saxo Bank | SaxoTraderGO, SaxoTraderPRO | OpenAPI |
| IG Markets | IG Web, ProRealTime, MT4, TradingView | IG Mobile App |
| RoboForex | MT4, MT5, R StocksTrader | R 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Ready to pick?
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.