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Best Futures Broker For Beginners

Best Futures Broker For Beginners

Best Futures Broker For Beginners – Futures trading is a popular investment option for Singaporeans who want to invest in the future prices of commodities, currencies and other financial instruments. However, finding the best online investment trading platform can be quite difficult.

This is where we play. We compare the fees, features and trading platforms of the best futures brokers and provide you with the information you need to choose the one that best suits your needs.

Table of Contents

Best Futures Broker For Beginners

Whether you’re an experienced trader or a beginner, you’ll find everything you need to know here. So, read on to find the best futures brokers in Singapore.

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Trader Workstation is the flagship desktop platform of Interactive Brokers (IBKR), a leading online brokerage offering a wide range of futures trading products with access to over 35 market centers.

CommissionFrom USD 0.10 (depending on exchange and account type) Regulators FINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB

Futures offering: agriculture, currency, energy, stock index, fixed income, metals and volatility futures. Interest on uninvested money. SGD: 2.828%; USD: 4.83%; EUR: 3.421% (until November 2023)

SakoTraderGo is Sako Bank’s most popular trading platform offering access to over 250 futures from 25 global exchanges.

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Futures Offer: Metals, Energy, Energy/Power, Grain, Meat & Dairy, Sofa, Stock Indices, Currency, Bonds and STIR (Short Term Interest Rate) Futures. Interest on uninvested money. USD: up to 4.059%; EUR: up to 2.65%; GBP: Up to 3.93% (until January 2024)

Tiger Trade, on desktop and mobile, is Tiger Brokers’ futures trading platform and offers access to many futures contracts, including index futures on the MSCI Singapore Index.

FuturesIndex, Treasuries, Metals, Energy, Forex, Agriculture, Stocks and Digital Asset Futures Offering up to 5.0% interest on uninvested funds in USD and SGD (subject to money market conditions)

Before we explore the features offered by each trading platform, let’s first compare the performance of the three brokers:

Best Futures Trading Platform

Interactive Brokers (IBKR) is a great option for retail investors looking to optimize their trading commissions. It is ideal for beginners or professionals looking for a secure multi-instrument broker.

The downside is that for investors who are new to investing, the platform can be a bit overwhelming, with too many buttons and features.

Sako banka offers a similar product for IBKR with slightly higher commissions. The functionality of SakoTraderGO makes it more suitable for experienced investors who can take full advantage of the platform.

Tiger Brokers has a strong futures offering, particularly in the Asia-Pacific region, the broker’s home market. You can find out about the full range of futures contracts available for trading on the company’s website. Since the company is in growth mode, it offers very attractive rewards to new clients, which helps it stand out from established brokers.

Minimum Capital Required To Start Day Trading Futures

Trader Work Station (TVS), Interactive Brokers’ trading platform, is one of the most innovative trading platforms developed by a brokerage firm. It includes two sub-categories: “TVS Mosaic” which shows a fully customizable workspace and “Classic TVS” where you can find more complex/advanced tools for experienced traders.

Get order management, technical charts, watchlists and other portfolio tools in one view. You can organize your trading activity by asset class while staying up-to-date with market news that affects the market. TVS offers powerful trading tools such as ComboTrader, which allows traders to create their own combo order strategies or choose from several templates with predefined programs for executing futures trades.

Interactive Brokers also offers a web-based alternative called Client Portal, a “lite” version of TVS that allows you to seamlessly monitor your portfolio’s performance and other important features. The same goes for the mobile app, which allows you to check all the information on the go.

IBKR offers competitive prices starting at $0.1 per contract, which are among the lowest in the market. Although the pricing structure is a bit complicated, it is worth noting that IBKR has no additional spreads, entry fees, platform fees or minimums, making it a great option for traders looking to keep costs down. However, the fee you pay depends on your monthly trading volume. For more information on the pricing structure, visit IBKR’s futures pricing page here.

Best Futures Brokers In 2024

Below is a table with a small selection of futures contracts available at IBKR and their respective commissions:

There are three trading platforms: SakoInvestor, SakoTraderGO and SakoTraderPRO. Assuming that the majority of visitors to this site have an average knowledge of financial markets, we will focus on the middle ground: SakoTraderGO, say, the most popular trading platform aimed at broker consumers.

SakoTraderGO is an award-winning web platform with core features: fundamental and technical analysis tools, comprehensive charting package, performance analysis, account overview and user interface.

When you trade futures, you have access to a comprehensive one-stop screen to manage your investments across asset classes, currencies and countries. Sako Bank has a dedicated futures trading website here.

Best Futures Brokers In The Us In 2024

The price of a futures contract depends on your monthly trading volume. For more information on the pricing structure, visit the Sako Bank futures pricing page.

Below we present a table with a small selection of currency futures contracts available on SakoTraderGO and their commissions, from Classic to Platinum with the lowest trading volume and VIP for investors with the highest trading volume:

These commissions apply to each contract and each trade (buy or sell) through SakoTraderGo and do not include exchange fees.

Sako Markets offers advanced futures trading tools. The futures trading feature allows you to place orders to buy multiple contracts at the same time. The Depth Trader feature allows you to view buy and sell orders, allowing you to manage your trades more efficiently.

Futures Trading Outlook

The Time and Sell feature allows you to track futures prices in real time and trade directly from the exchange. Sako Markets offers 24-hour support and educational resources for all types of traders. VIP traders can receive priority support and exclusive invitations to events.

Tiger Trade is Tiger Brokers’ leading futures trading platform. Offering a desktop and mobile version, the platform covers the entire spectrum of your trading needs – from a quick way to check the latest news to a customizable interface that supports your in-depth analysis.

Tiger Vault allows you to make money with uninvested money – a good choice for conservative investors or in a bear market. In addition, you can save money in several currencies, including Singapore dollars. You can read more here.

The offer of the future of the platform is wide. A detailed overview of the fees charged for each type of futures contract can be found here. The total fee you pay in the end consists of brokerage commissions, platform fees, exchange fees and setup fees. The exact amount varies, but it’s as low as $1.37 for some popular deals.

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To help you familiarize yourself with the mechanics of Tiger Trading and the financial markets, Tiger Brokers has developed a free eLearning section, available here. Finally, you should also check out the broker’s exclusive offer for Singaporeans!

We hope this post answers some of your concerns. Do your research to find the best investment strategy for you!

Ivo is a former portfolio manager and financial advisor, freelance financial writer and stock trader. He likes to follow the financial markets and invest for more than ten years.

We use cookies to give you the best experience on our website. If you continue to use this website, we will assume that you are satisfied with it. The best option for you today may not be the best option a year from now.

Best Futures Trading Platforms Of 2024

Having been a professional trader for over 20 years, my needs will differ from those of a day trader. Experienced traders care about four things: speed of execution, commissions, available products for trading and security of money.

If you are a new trader, you need good support and training, as well as a platform that is easy to learn. Brokerage firms that focus on new traders also invest more resources in education and support. These resources cost money, so you usually get higher commissions.

A futures or commodity broker executes orders to buy or sell futures contracts on behalf of its clients and pays them a commission for the transaction.

Before we get into the review, I want to quickly clear up any confusion about the differences between brokers, futures traders, and broker-dealers.

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A broker introduction is the link between the broker, the client, you and the trading room. Their main role is to recruit, train and support frontline traders. IB does not receive any assets or funds from the client. Instead, they work with a clearing futures commission merchant.

An FCM, in turn, is a futures commission dealer, accepting orders to buy or sell futures contracts, options or currency swaps. A well-known broker recommends this to a client

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  1. Best Futures Broker For BeginnersWhether you're an experienced trader or a beginner, you'll find everything you need to know here. So, read on to find the best futures brokers in Singapore.Bingx Voted Best Crypto Exchange For Futures Trading By Crypto.ruTrader Workstation is the flagship desktop platform of Interactive Brokers (IBKR), a leading online brokerage offering a wide range of futures trading products with access to over 35 market centers.CommissionFrom USD 0.10 (depending on exchange and account type) Regulators FINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNBFutures offering: agriculture, currency, energy, stock index, fixed income, metals and volatility futures. Interest on uninvested money. SGD: 2.828%; USD: 4.83%; EUR: 3.421% (until November 2023)SakoTraderGo is Sako Bank's most popular trading platform offering access to over 250 futures from 25 global exchanges.Crypto Futures Trading For Beginners: Here's A 5 Step Plan To Get Started!Futures Offer: Metals, Energy, Energy/Power, Grain, Meat & Dairy, Sofa, Stock Indices, Currency, Bonds and STIR (Short Term Interest Rate) Futures. Interest on uninvested money. USD: up to 4.059%; EUR: up to 2.65%; GBP: Up to 3.93% (until January 2024)Tiger Trade, on desktop and mobile, is Tiger Brokers' futures trading platform and offers access to many futures contracts, including index futures on the MSCI Singapore Index.FuturesIndex, Treasuries, Metals, Energy, Forex, Agriculture, Stocks and Digital Asset Futures Offering up to 5.0% interest on uninvested funds in USD and SGD (subject to money market conditions)Before we explore the features offered by each trading platform, let's first compare the performance of the three brokers:Best Futures Trading PlatformInteractive Brokers (IBKR) is a great option for retail investors looking to optimize their trading commissions. It is ideal for beginners or professionals looking for a secure multi-instrument broker.The downside is that for investors who are new to investing, the platform can be a bit overwhelming, with too many buttons and features.Sako banka offers a similar product for IBKR with slightly higher commissions. The functionality of SakoTraderGO makes it more suitable for experienced investors who can take full advantage of the platform.Tiger Brokers has a strong futures offering, particularly in the Asia-Pacific region, the broker's home market. You can find out about the full range of futures contracts available for trading on the company's website. Since the company is in growth mode, it offers very attractive rewards to new clients, which helps it stand out from established brokers.Minimum Capital Required To Start Day Trading FuturesTrader Work Station (TVS), Interactive Brokers' trading platform, is one of the most innovative trading platforms developed by a brokerage firm. It includes two sub-categories: "TVS Mosaic" which shows a fully customizable workspace and "Classic TVS" where you can find more complex/advanced tools for experienced traders.Get order management, technical charts, watchlists and other portfolio tools in one view. You can organize your trading activity by asset class while staying up-to-date with market news that affects the market. TVS offers powerful trading tools such as ComboTrader, which allows traders to create their own combo order strategies or choose from several templates with predefined programs for executing futures trades.Interactive Brokers also offers a web-based alternative called Client Portal, a "lite" version of TVS that allows you to seamlessly monitor your portfolio's performance and other important features. The same goes for the mobile app, which allows you to check all the information on the go.IBKR offers competitive prices starting at $0.1 per contract, which are among the lowest in the market. Although the pricing structure is a bit complicated, it is worth noting that IBKR has no additional spreads, entry fees, platform fees or minimums, making it a great option for traders looking to keep costs down. However, the fee you pay depends on your monthly trading volume. For more information on the pricing structure, visit IBKR's futures pricing page here.Best Futures Brokers In 2024Below is a table with a small selection of futures contracts available at IBKR and their respective commissions:There are three trading platforms: SakoInvestor, SakoTraderGO and SakoTraderPRO. Assuming that the majority of visitors to this site have an average knowledge of financial markets, we will focus on the middle ground: SakoTraderGO, say, the most popular trading platform aimed at broker consumers.SakoTraderGO is an award-winning web platform with core features: fundamental and technical analysis tools, comprehensive charting package, performance analysis, account overview and user interface.When you trade futures, you have access to a comprehensive one-stop screen to manage your investments across asset classes, currencies and countries. Sako Bank has a dedicated futures trading website here.Best Futures Brokers In The Us In 2024The price of a futures contract depends on your monthly trading volume. For more information on the pricing structure, visit the Sako Bank futures pricing page.Below we present a table with a small selection of currency futures contracts available on SakoTraderGO and their commissions, from Classic to Platinum with the lowest trading volume and VIP for investors with the highest trading volume:These commissions apply to each contract and each trade (buy or sell) through SakoTraderGo and do not include exchange fees.Sako Markets offers advanced futures trading tools. The futures trading feature allows you to place orders to buy multiple contracts at the same time. The Depth Trader feature allows you to view buy and sell orders, allowing you to manage your trades more efficiently.Futures Trading OutlookThe Time and Sell feature allows you to track futures prices in real time and trade directly from the exchange. Sako Markets offers 24-hour support and educational resources for all types of traders. VIP traders can receive priority support and exclusive invitations to events.Tiger Trade is Tiger Brokers' leading futures trading platform. Offering a desktop and mobile version, the platform covers the entire spectrum of your trading needs - from a quick way to check the latest news to a customizable interface that supports your in-depth analysis.Tiger Vault allows you to make money with uninvested money - a good choice for conservative investors or in a bear market. In addition, you can save money in several currencies, including Singapore dollars. You can read more here.The offer of the future of the platform is wide. A detailed overview of the fees charged for each type of futures contract can be found here. The total fee you pay in the end consists of brokerage commissions, platform fees, exchange fees and setup fees. The exact amount varies, but it's as low as $1.37 for some popular deals.Best Futures Trading Platforms In 2024 [ranked & Reviewed]To help you familiarize yourself with the mechanics of Tiger Trading and the financial markets, Tiger Brokers has developed a free eLearning section, available here. Finally, you should also check out the broker's exclusive offer for Singaporeans!We hope this post answers some of your concerns. Do your research to find the best investment strategy for you!Ivo is a former portfolio manager and financial advisor, freelance financial writer and stock trader. He likes to follow the financial markets and invest for more than ten years.We use cookies to give you the best experience on our website. If you continue to use this website, we will assume that you are satisfied with it. The best option for you today may not be the best option a year from now.Best Futures Trading Platforms Of 2024Having been a professional trader for over 20 years, my needs will differ from those of a day trader. Experienced traders care about four things: speed of execution, commissions, available products for trading and security of money.If you are a new trader, you need good support and training, as well as a platform that is easy to learn. Brokerage firms that focus on new traders also invest more resources in education and support. These resources cost money, so you usually get higher commissions.A futures or commodity broker executes orders to buy or sell futures contracts on behalf of its clients and pays them a commission for the transaction.Before we get into the review, I want to quickly clear up any confusion about the differences between brokers, futures traders, and broker-dealers.How To Trade Futures: Platforms, Strategies, And Pros And Cons