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Best Commodity Futures Trading Platform: Features and Comparisons

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    • The best commodity futures trading platform offers an essential avenue through which participants can use contracts that oblige buyers to buy or sellers to sell specific quantities of commodities at predetermined prices on set dates in the future. The same trading platform enables users to hedge and consequently manage risks pertaining to price volatility, besides providing a speculative opportunity for market movement.  
    • Using futures contracts for all kinds of physical commodities from oil to gold, even for a trader in agricultural products, is useful for fixing prices and working through the complicated world of futures trading. This knowledge helps one not be able to effectively engage in risk management or capitalize on potential profit opportunities. 

    Best Commodity Futures Trading Platform 

    Thaurus: 

    • Thaurus is quickly gaining popularity, especially among traders who value effortless charting and trading back-ends, as one of the best or the best commodity futures trading platforms. With features like option analysis in real time, the use of the Greeks to further one’s strategies and margins via pledging of existing shares for the purposes of a margin, Thaurus assures smooth trading. This feature enables traders to scale up their trades without using extra money to place fresh orders. 
    • Tapping on one of the most iconic features of the app, which is the comprehensive and easy position management feature, plus an organized commodity management section for monitoring trades, the company also boasts of additional tools and functionalities such as heatmaps, CFD Profit/Loss calculators, pip value calculators, and trade alerts amongst others. In contrast with competitors like Interactive Brokers and TradeStation, Thaurus is better with its easy to navigate platform and favorable fees, thus chosen for the active day traders with minimum trading efforts. 

    Tastytrade: 

    • Tastytrade is one of the best commodity futures trading platforms, particularly for active traders, with low commission structure and a user-friendly interface. Tastytrade charges $0.85 for every futures contract and $1 for every options contract, so it is considered pretty competitive on the market. The site includes advanced analytics tools for advanced risk assessment and a long, detailed list of educational resources, including videos and articles intended to hone trading skills.  
    • Housed within the various assets-traded stocks, ETFs, options, futures, and cryptocurrencies-are all covered from an integrated platform to allow traders to conduct all activities from one place for smoother trading. Tastytrade also offers a live feed, as well as a very robust mobile application retaining almost all the functionalities on the desktop to manage the portfolios on the move.  
    • The tool is indeed complicated; it is rough going for beginners with steep learning curves, but its richness in terms of educational content guides the user through the exploration of the platform. Tastytrade offers an outstanding combination of functionality and cost-effectiveness in contrast with its competitors: Interactive Brokers, TradeStation, and ETRADE for focused option and futures traders. 

    Interactive Brokers (IBKR): 

    • Interactive Brokers (IBKR) is often lauded as one of the premier commodity futures brokers, as the platform caters to an array of trading styles and has numerous features in place for trading. The Trader Workstation (TWS) is for active users and can help one access more than 150 markets worldwide and enhanced order entry and a wealth of educational materials. For users who want a more simplified version, IBKR Desktop is a mix of TWS features with additional features such as Market Screeners, while IBKR Mobile provides order entry and access to live market information for a trader that is on the move.  
    • All of these platforms have different customizations and different educational materials, of which TWS has the widest range. It also provides more than 90 types of orders, invaluable tools for market analysis which enables the traders to employ various strategies. Hence, all these features make IBKR a suitable platform for users who wish to trade in commodity futures. 

    TradeStation: 

    • TradeStation is widely known to be among the top-rated platforms for trading commodity futures. It has all the requisite tools suited for the various types of traders. Its FuturesPlus platform is designed specifically for its users to trade futures options with access to the primary U.S. futures exchanges through swift and dependable execution.  
    • This FuturesPlus app even allows traders to operate without busting their pockets through platform fees. As if that is not enough, the margin is at least very competitive given that their prices are as low as 10% for the intraday margin rates, with various futures including index futures, energy, metal, and agricultural futures. Users enjoy a unique experience that is in the form of Desktop, and web together with mobile applications where all of them have a seamless trading experience.  
    • Further enhancement of the trading strategies is achieved with an array of advanced tools such as those for back-testing and risk management, in addition to adult and beginner trader training material such as webinars and guides available in plenty. With such potent tools, TradeStation is perfect for anyone in need of the commodity futures markets without a doubt. 

    ETRADE: 

    • ETRADE is lauded among the top tier listed commodity futures trading platforms catering for both beginners and experts in trading activities. Virtually all the reserves in the power ETRADE platform, winner of multiple awards, are available for a period of 24/6, thus making it almost fully possible to engage in futures trading activities. It allows for easy blending of futures to equities, ETFs and options without having to transfer funds from one account to another.  
    • In addition to this, a trader is able to access live data where he or she can get contract prices and order management system through web and mobile apps and more than a hundred analytical tools in a bid to come up with winning strategies. Moreover, ETRADE has an appealing contract price for active traders where they charge only $1.50 per contract without any extra hidden charges to the users.  
    • Promisingly also, there is a favorable feature called Market Research Center geared towards CME Group that helps in educating the users on trends and behaviors prevailing in the Market. Finally, with access to micro and E-mini contracts, assistance from duly certified specialists and an intuitive design, ETRADE proves to be a great option for people willing to participate in the futures market. 

    Charles Schwab: 

    • Charles Schwab is one of the very few, if not the only one, that provides remarkable opportunities for trading commodity futures using its highly effective thinkorswim platform. Thinkorswim allows for easy order entry and management by a simple click of a button. It comes with many features like custom charts with over 400 technical studies and a bid/ask price ladder that is easy to navigate.  
    • Traders will have to pay $2.25 per contract, which is considered to be an industry average, and there are no other charges so no surprises. Also, it provides additional educational materials such as articles and videos and live webcasts are available for traders together with the daily coverage by Schwab’s futures experts in search of trading ideas. Up to week five the traders also have access to friendly operators who are experts in their field, to assist in the formation of strategies where necessary.  
    • Moreover, features such as the Futures Research Center supported by the CME Group and access to micro and E-mini contracts, in addition to Charles Schwab’s platform, makes it a perfect place for both beginner and professional traders seeking to participate in the futures market actively. 

    Conclusion 

    • The leading platforms for commodity futures trading such as Interactive Brokers, TradeStation, ETRADE Charles Schwab and Thaurus are designed with many features that satisfy the needs of the traders. All the platforms have their strengths ranging from advanced charting systems and on the ground market data, reasonable charges and lots of training materials etc.  
    • These platforms allow you to trade in the commodity futures markets regardless of your level of experience be it as a beginner looking for basic and simple designs or as an expert who has sophisticated trading requirements and needs such as algorithms. In the long run, it will come down to your trading style, your trading objectives, and which functionalities are suitable for you, in determining the platform to use. 
    • Contact us to know more about the best commodity futures trading market and our team will revert back in 24 hours. 
    Author: Thaurus
    Thaurus is a leading trading platform specialising in stock, forex and commodities trading. Thaurus provides users with deep insights into market dynamics and investment strategy. Backed by a team of experienced experts, Thaurus is dedicated to empowering the investing community with financial knowledge and ability to navigate through the complexities of financial markets.