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To help you to find the best online broker for futures in 2021, we went ahead and did the research for you. First, we selected 93 quality online brokers, then we narrowed down this list by checking their futures fees and futures product selection. We also compared their trading platforms, research tools and the overall quality of all of their services. We dug deep, so you won’t have to.

5 made it to the top for Europeans. We highly recommend all 5 to you. And now, without further ado...

Our top 5 picks for the best online brokers for futures traders for Europeans:

  1. NinjaTrader is the winner.
  2. Interactive Brokers takes second place.
  3. TradeStation rounds out the top three.
  4. tastyworks, numero quattro.
  5. Saxo Bank just made the list at number five.
Best online brokers for futures for Europeans
Broker Futures fee class # of available futures markets
#1 NinjaTrader Low 7
#2 Interactive Brokers Low 32
#3 TradeStation Low 11
#4 tastyworks Low 8
#5 Saxo Bank High 23

All 5 brokers are considered safe, as they are regulated by at least one top-tier financial authority.

What makes a good online broker for trading futures? First, they need to offer fair fees for buying and selling futures. To size them up in this regard, we checked the costs of stock index contracts. Second, they should offer access to a variety of exchanges (like the CME, CBOT, NYMEX, etc). It’s also important that they have a user-friendly web and desktop platform that makes technical analysis easy. Last, but not least, we prefer brokers with a great overall quality and score, for example brokers that charge very low or no withdrawal fees, have a great customer service and are safe.

These features may sound obvious and easy to list, but they're hard to figure out. We are testing brokers based on more than 300 criteria, with real accounts and real money. We know what's up.

And now, let's see the best futures brokers for Europeans one by one, starting with the winner, NinjaTrader.

NinjaTrader Logo

#1 Best brokers for futures
NinjaTrader

4.4

NinjaTrader is a US-based software company that provides a great trading platform with advanced research tools. The company was founded in 2003.

Besides providing the software, NinjaTrader is a registered NFA (National Futures Association) company and an introducing broker of brokers like Phillip Capital and Dorman Trading. The introducing broker status means that your assets and cash are held with a broker, like Phillip Capital, but the platform, fees and customer support are provided by NinjaTrader.

In our review, we tested NinjaTrader's platform and brokerage services through an account opened with Phillip Capital. Phillip Capital is a global broker, regulated by top-tier financial authorities such as the US Commodity Futures Trading Commission (CFTC) and the UK's Financial Conduct Authority (FCA).

You can also connect the following brokerage accounts to NinjaTrader platforms: Interactive Brokers, TD Ameritrade, Oanda, Forex.com, FXCM and City Index. The advantage of connecting these accounts is that you can trade other popular asset classes, like stocks, on NinjaTrader's great platform.

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#1 NinjaTrader
Fees

NinjaTrader has low fees when it comes to buying and selling futures.

We excluded exchange & NFA, order routing and clearing fees, as they are specific to the products and not to the brokers. US stock index futures fees are for the Micro E-Mini contract, if available; otherwise we looked at the E-mini contract.

NinjaTrader futures fees
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Futures fee class Low Low Low Low High
US micro e-mini stock index futures $3.5 $2.5 $5.0 $8.5 $40.0
German e-mini stock index futures $12.9 $9.6 - - $48.0
UK stock index futures $12.9 $23.8 - - $42.0
Withdrawal fee $40 $0 $0 $0 $0

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#1 NinjaTrader
Markets and products

At NinjaTrader, you have access to 7 futures exchanges.
NinjaTrader markets and products
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Futures markets (#) 7 32 11 8 23
NinjaTrader products other than futures
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Stocks No Yes Yes Yes Yes
Forex No Yes No No Yes
ETFs No Yes Yes Yes Yes
CFDs No Yes No No Yes
Crypto Yes Yes Yes No Yes

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#1 NinjaTrader
Desktop trading platform
4.8

NinjaTrader's desktop platform is great for active traders: highly customizable with many advanced features. However, it might feel complicated at first, and also lacks a two-step login.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) Available only on Windows
Good variety of order types
Many great tools for technical analysis
Best online brokers for futures for Europeans - NinjaTrader trading platform

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#1 NinjaTrader
Research
4.8

NinjaTrader has great research tools for technical trading. Charts are easy to use and have many indicators. Unique features include strategy back-testing and automated trading tools.
Pros Cons
Good interactive chart No trading ideas
Good set of analytical tools
Best online brokers for futures for Europeans - NinjaTrader trading platform

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Interactive Brokers Logo

#2 Best brokers for futures
Interactive Brokers

4.9

Interactive Brokers review summary

 

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Our overall Interactive Brokers rating

Compare this broker to the best Interactive Brokers alternative here.

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#2 Interactive Brokers
Fees

Interactive Brokers has low fees when it comes to buying and selling futures.

We excluded exchange & NFA, order routing and clearing fees, as they are specific to the products and not to the brokers. US stock index futures fees are for the Micro E-Mini contract, if available; otherwise we looked at the E-mini contract.

Interactive Brokers futures fees
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Futures fee class Low Low Low Low High
US micro e-mini stock index futures $3.5 $2.5 $5.0 $8.5 $40.0
German e-mini stock index futures $12.9 $9.6 - - $48.0
UK stock index futures $12.9 $23.8 - - $42.0
Withdrawal fee $40 $0 $0 $0 $0

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#2 Interactive Brokers
Markets and products

At Interactive Brokers, you have access to 32 futures exchanges.
Interactive Brokers markets and products
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Futures markets (#) 7 32 11 8 23
Interactive Brokers products other than futures
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Stocks No Yes Yes Yes Yes
Forex No Yes No No Yes
ETFs No Yes Yes Yes Yes
CFDs No Yes No No Yes
Crypto Yes Yes Yes No Yes

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#2 Interactive Brokers
Desktop trading platform
3.0

Interactive Brokers offers a desktop platform for PRO accounts, with great customizability and advanced order execution, but it's not user-friendly and caters more to advanced traders.
Pros Cons
Clear fee report Not user-friendly
Good customizability (for charts, workspace) Poor search function
Good variety of order types Too complex for beginners
Best online brokers for futures for Europeans - Interactive Brokers trading platform

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#2 Interactive Brokers
Research
4.3

Interactive Brokers has almost limitless research possibilities, but the user interface is overly complicated, hard to follow and not very well designed.
Pros Cons
Good interactive chart Not user-friendly
Trading ideas
Data on asset fundamentals
Best online brokers for futures for Europeans - Interactive Brokers trading platform

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TradeStation Logo

#3 Best brokers for futures
TradeStation

4.6

TradeStation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).

TradeStation is considered safe because it has a long track record; discloses its financials; and its parent company, the Monex Group, is listed on the Tokyo Stock Exchange.

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#3 TradeStation
Fees

TradeStation has low fees when it comes to buying and selling futures.

We excluded exchange & NFA, order routing and clearing fees, as they are specific to the products and not to the brokers. US stock index futures fees are for the Micro E-Mini contract, if available; otherwise we looked at the E-mini contract.

TradeStation futures fees
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Futures fee class Low Low Low Low High
US micro e-mini stock index futures $3.5 $2.5 $5.0 $8.5 $40.0
German e-mini stock index futures $12.9 $9.6 - - $48.0
UK stock index futures $12.9 $23.8 - - $42.0
Withdrawal fee $40 $0 $0 $0 $0

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#3 TradeStation
Markets and products

At TradeStation, you have access to 11 futures exchanges.
TradeStation markets and products
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Futures markets (#) 7 32 11 8 23
TradeStation products other than futures
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Stocks No Yes Yes Yes Yes
Forex No Yes No No Yes
ETFs No Yes Yes Yes Yes
CFDs No Yes No No Yes
Crypto Yes Yes Yes No Yes

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#3 TradeStation
Desktop trading platform
2.5

TradeStation offers a desktop trading platform with many advanced features and customization options. For that reason, though, it is not very suitable for beginners.
Pros Cons
Good customizability (for charts, workspace) Not user-friendly
Good variety of order types Poor search function
Two-step (safer) login Poor design
Best online brokers for futures for Europeans - TradeStation trading platform

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#3 TradeStation
Research
4.3

TradeStation offers great research, including detailed fundamental data and high-quality news. On the flip side, some research tools are not free.
Pros Cons
Good interactive chart Many add-on research tools are not free
Trading ideas
Data on asset fundamentals
Best online brokers for futures for Europeans - TradeStation trading platform

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tastyworks Logo

#4 Best brokers for futures
tastyworks

4.7

tastyworks is a young, up-and-coming US broker focusing on options trading. It is regulated by the top-tier Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Australian Securities and Investments Commission (ASIC) for Australian clients.

The people behind tastyworks are the same experts who built thinkorswim, now operated by TD Ameritrade. tastyworks is privately owned; it was established in 2017 and is headquartered in Chicago.

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#4 tastyworks
Fees

tastyworks has low fees when it comes to buying and selling futures.

We excluded exchange & NFA, order routing and clearing fees, as they are specific to the products and not to the brokers. US stock index futures fees are for the Micro E-Mini contract, if available; otherwise we looked at the E-mini contract.

tastyworks futures fees
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Futures fee class Low Low Low Low High
US micro e-mini stock index futures $3.5 $2.5 $5.0 $8.5 $40.0
German e-mini stock index futures $12.9 $9.6 - - $48.0
UK stock index futures $12.9 $23.8 - - $42.0
Withdrawal fee $40 $0 $0 $0 $0

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#4 tastyworks
Markets and products

At tastyworks, you have access to 8 futures exchanges.
tastyworks markets and products
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Futures markets (#) 7 32 11 8 23
tastyworks products other than futures
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Stocks No Yes Yes Yes Yes
Forex No Yes No No Yes
ETFs No Yes Yes Yes Yes
CFDs No Yes No No Yes
Crypto Yes Yes Yes No Yes

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#4 tastyworks
Desktop trading platform
3.9

The desktop platform is very similar to the web trading platform and has extra features such as good customizability. On the other hand, it is likewise not well suited for beginners.
Pros Cons
Clear fee report Not suited for beginners
Good customizability (for charts, workspace)
Price alerts
Best online brokers for futures for Europeans - tastyworks trading platform

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#4 tastyworks
Research
5.0

tastyworks's research tools include trading ideas, a great desktop charting tool and high-quality news. However, it's all very options-focused, and offers only limited fundamental data.
Pros Cons
Good interactive chart Limited fundamental data
Trading ideas
Quality news flow
Best online brokers for futures for Europeans - tastyworks trading platform

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Saxo Bank Logo

#5 Best brokers for futures
Saxo Bank

4.8

Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA). 

Saxo Bank is a global service provider and its subsidiaries are present in the form of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Bank UK.

Saxo Bank is considered safe because it has a long track record, a banking background and is regulated by top-tier financial authorities.

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#5 Saxo Bank
Fees

Saxo Bank has high fees when it comes to buying and selling futures.

We excluded exchange & NFA, order routing and clearing fees, as they are specific to the products and not to the brokers. US stock index futures fees are for the Micro E-Mini contract, if available; otherwise we looked at the E-mini contract.

Saxo Bank futures fees
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Futures fee class Low Low Low Low High
US micro e-mini stock index futures $3.5 $2.5 $5.0 $8.5 $40.0
German e-mini stock index futures $12.9 $9.6 - - $48.0
UK stock index futures $12.9 $23.8 - - $42.0
Withdrawal fee $40 $0 $0 $0 $0

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#5 Saxo Bank
Markets and products

At Saxo Bank, you have access to 23 futures exchanges.
Saxo Bank markets and products
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Futures markets (#) 7 32 11 8 23
Saxo Bank products other than futures
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Stocks No Yes Yes Yes Yes
Forex No Yes No No Yes
ETFs No Yes Yes Yes Yes
CFDs No Yes No No Yes
Crypto Yes Yes Yes No Yes

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#5 Saxo Bank
Desktop trading platform
5.0

Saxo Bank's desktop trading platform is one of the best on the market. It is well designed, easy to use and offers great customizability.
Pros Cons
User-friendly None
Clear fee report
Good customizability (for charts, workspace)
Best online brokers for futures for Europeans - Saxo Bank trading platform

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#5 Saxo Bank
Research
5.0

Saxo Bank's research is great, including well-developed tools for both fundamental and technical analysis. Clients have recommendations, detailed fundamental data and user-friendly interactive charting at their disposal.
Pros Cons
Good interactive chart Most fundamental data is not free of charge
Trading ideas
Data on asset fundamentals
Best online brokers for futures for Europeans - Saxo Bank trading platform

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Best online brokers for futures for Europeans
How did we pick the best brokers for futures?

We tested brokers based on more than 300 criteria. Below, we will show you the 5 most important criteria we took into account.

5 important criteria for the best brokers for futures for Europeans
Futures fees We checked the fees for buying and selling stock index futures in the US (Micro E-Mini if available), UK and Germany. We excluded exchange & NFA, order routing and clearing fees, as they are specific to the products and not to the brokers.
Number of available futures markets We added up the number of futures exchanges the broker has access to. For example, if the broker provided EUREX and CME, this would count as 2 (even though on the CME Exchange you can trade 4 different types of markets: Equity indexes, interest rates, FX and agricultural futures).
Research score Futures trading relies heavily on technical analysis, so it made sense to look at our 'Research' score for each broker, as this score covers charting capabilities.
Desktop trading platform score A user-friendly and well-equipped trading platform can significantly increase your trading comfort.
We looked at customizability, as well as the availability of different order types, price alerts, and two-step authentication, among others.
Withdrawal fee Futures trading involves margin, so futures traders often have more banking transactions than investors. While deposits are usually free at most brokers, there can be big differences among brokers when it comes to withdrawal fees.

Are these brokers safe?

These brokers are all considered safe. You can be sure none of them is a scam. They are all regulated by at least one top-tier financial authority.

Note that while there have been ongoing talks regarding this, currently there is no agency like the Federal Deposit Insurance Corporation (FDIC) that would provide investor protection for futures trading in the US. The FDIC is not meant to provide protection to investors who are making speculative investments. Furthermore, futures are very highly-leveraged trading instruments. Implementing FDIC insurance for all customer deposits involved in futures trading would ultimately increase the cost of transactions for the customer. This is because the participating FCMs (Futures Commission Merchants) would be required to pay the insurance.

All Futures Commission Merchants (FCMs) are required to report their daily segregation and secured requirements to their various regulators. Monthly FCM financial data is published by the Commodity Futures Trading Commission.

Best online brokers for futures for Europeans
Bottom line

You saw the details, now let's zoom out. Here are the best online brokers for futures in 2021:

Best online brokers for futures for Europeans for 2021
NinjaTrader Interactive Brokers TradeStation tastyworks Saxo Bank
Futures fee class Low Low Low Low High
US micro e-mini stock index futures $3.5 $2.5 $5.0 $8.5 $40.0
Futures markets (#) 7 32 11 8 23
Withdrawal fee $40 $0 $0 $0 $0
Visit broker Visit broker Visit broker Visit broker Visit broker

NinjaTrader is our winner, the best online broker for futures for Europeans.
All of these brokers are considered safe, and a great choice. Pick the winner or any of the runners-up, and take the next step in your trading journey. Let us know what you think in the comment section.
Still unsure? For a tailored recommendiation, check out our broker finder tool. You can enter your country and it will show only those brokers that are relevant to you. Want more details? Compare brokers with the help of this detailed comparison table.

Author of this article

András Iván

Author of this article

Andras has over 4 years of experience analysing and trading equities and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He's eager to help identify the characteristics of specific brokers, so the best match can be found for each client.

András Iván

Broker Analyst

Andras has over 4 years of experience analysing and trading equities and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He's eager to help identify the characteristics of specific brokers, so the best match can be found for each client.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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