Top Futures Trading Platforms & Tools

Futures trading is one of those disciplines that’s nearly impossible to do competitively by hand. If you decide on manually placing orders, you’ll quickly learn that bots are doing it faster and better. Anyone who ends up trading for long will be looking for a futures trading bot to make work more comfortable and more accurate.

Let’s take a quick look at five of the leading contenders in this space:

Targets Trading Pro
Tradestation
Interactive Brokers
TD Ameritrade
Dorman Trading

Targets Trading Pro (TTP)

The leader in trading bots is Targets Trading Pro, which is called TTP by its vast customer base. TTP is a robust suite of trading solutions that empowers its users to make trades in the fast-moving futures market.

TTP has all of the trading tools necessary for day traders to trade futures. Active traders need a robust set of tools to earn significant enough profits to make a living.

TTP tops the charts for features because the entire platform has automation at its core. That includes algorithms that help identify and execute profitable trades. The ecosystem has been around for over a decade, and traders can even extend their functionality with plugins. There are few limits for traders who use TTP, which is one of the main reasons it continues to attract so much attention.

TTP is also easy to operate, which is always a bonus for non-technical people. Traders can use the system for manual or fully automated trading. An indicator allows for an ATM strategy that will still place trades with the best targets and stops in place. If the trend changes, the bot automatically exits and reverses course, saving you money.

The bot is also available for any time frame and is usable with all instruments that contain price data and deltas. The system integrates ideally with Sierra Chart and Ninja Trader.

Automated trading is excellent because it eliminates the emotional aspect of trading. That’s the single most significant factor that holds back the average person from consistently making profitable trades. With the rules in place, the bot will execute the trades without anyone’s emotional obstacles getting in the way.

The speed of execution is also light years ahead of human, manual trading. It’s that split second that can be the difference between earning or losing money. Using TTP makes the traders money because it’s fast, and it follows the automation plan without hesitation. Those who have been doing work manually or who are coming from a different platform will certainly appreciate the advantages offered.

Tradestation

Tradestation is a trading platform that offers futures traders 80 different products. The robust platform provides many features, including real-time trading of futures contracts.

Tradestation is an award-winning desktop application with a bunch of features. The system includes advanced tools that allow people not only to automate their trading strategies, but they can test and optimize them, as well. The suite consists of fully customizable charts, reliable and fast trade execution, advanced order management, and dynamic market scanning tools. Even when you have few ideas to trade upon, this system can help find new opportunities.

Tradestation is a decent tool for active futures traders who want to get more from their trades.

Interactive Brokers

Interactive Brokers has been operating since its founding in 1977 by Thomas Peterffy. It’s a platform that’s known for using a universal portal that empowers customers to trade the full range of financial products, including ETFs, bonds, foreign exchange currencies, and futures.

The site has a broad scope of operation and allows for trading in over 120 financial markets. It is useful primarily for futures traders who are active and for trade high volume.

The platform has free market data, smooth order execution, zero dollar commissions on select trades, robust trade execution, and competitive day trading margins. All of these features make the platform right for active and professional traders who need to consistently churn out substantial returns.

TD Ameritrade

TD Ameritrade remains one of the leading online brokers. As a futures broker, its platform has all of the tools that professional and amateur traders expect.

Opening a trade account with TD Ameritrade is secure and can happen online in minutes. Decide on your margin requirements, and put in the appropriate information to begin.

TD Ameritrade has over 60 futures products to choose from for clients. The integrated platform also has ETFs, mutual funds, stock trading, and much more. It’s a decent service even for low-volume traders, unlike some of the alternatives which are more tailored toward professional use.

TD Ameritrade is a suitable platform for people who want to use as many features as possible across a range of retail financial products.

Dorman Trading

Dorman provides access to a suite of leading platforms that favor high-frequency traders, including individuals, institutions, and professionals.

Dorman Direct has a client-side application that allows users to create charts and to trade their custom spreads. The suite also contains all the order templates needed, trade analysis, heat maps, and much more.

Market on Close (MOC) orders are also a benefit as well as the particular market mode countdown metric. That shows the number of seconds left before making the next trade.

For active traders who need much control over their platforms, this one has many benefits.

Choose the Futures Trading Platform That Makes Sense

Ultimately, it will remain up to each trader to decide on the account that provides the most bang for the buck. Whether it’s low commissions or additional software features that matter, there’s something available for everyone. For more information about the advantages offered by Targets Trading Pro, browse our resources or contact us today.

Risk Disclosure

The risk of loss in trading futures can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. In considering whether to trade or to authorize someone else to trade for you, you should be aware of the following:

If you purchase or sell a futures contract, you may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain your position. Thus, trading of futures may not be suitable for everyone and may involve the risk of losing part of your money, all of your money, or even more than all of your money.

The placement of contingent orders by you or by your broker, such as a “stop loss” or “stop limit” order will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.the high degree of leverage that is often obtainable in futures trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains.

Futures prices can be highly volatile and unpredictable. Price movements of futures contracts can be influenced by political, economic and many other factors which are outside of a trading system’s or your broker’s control. No assurance is given that a customer will not incur substantial losses. Futures trading is highly leveraged. The low margin deposits normally required in futures trading permit an extremely high degree of leverage. Accordingly, a relatively small price movement in a futures contract may result in immediate and substantial loss to an investor. Like other leveraged investments, futures transactions may result in losses in excess of the amount of money invested.

Our trading systems are dependent to a significant degree on the proper functioning of the computer systems used to generate trading signals. Accordingly, systems failures, whether due to third party failures upon which such systems are dependent or the failure of the broker’s hardware or software, could disrupt trading or make trading impossible until such failure is remedied. Any such failure, and consequential inability to trade (even for a short time), could, in certain market conditions, cause a client’s account to experience significant trading losses or to miss opportunities for profitable trading.

The trading systems offered here are highly technical. The profitability of trading under these systems depends on, among other things, the occurrence of significant price trends which are sustained movements, up or down, in futures prices. Such trends may not develop; there have been periods in the past without price trends. No assurance can be given that these methods will be successful in the future, or that investment results will be similar to those achieved or illustrated in the past. Although every attempt is made to ensure the accuracy of illustrated results of our trading system, we cannot guarantee such, due to inaccuracies and fluctuations in data or errors in calculation. There are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. Another one of the limitations of hypothetical trading is that such trading does not involve financial risk and no hypothetical trading record can completely account for the impact of financial risk in actual trading.

Prior to buying or selling a futures contract, an investor will need a broker, and you must meet suitability requirements in order to trade these specific instruments. By accepting this disclaimer you are acknowledging the risks involved in trading the futures markets and are also acknowledging that you, the subscriber, and not trb futures llc, are solely responsible for any losses, financial or otherwise, as a result of using our trading systems. Trb futures llc shall under no circumstances be liable for any lost profits, lost opportunities, misstatements, or errors contained within these pages. You also agree that trb futures llc will not be held liable for data accuracy, server problems, or any special or consequential damages that result from the use of, or the inability to use, any or all of the materials published on our website. You agree to hold trb futures llc harmless for any act resulting directly or indirectly from this site, its data, content, materials, associated pages and documents. You agree to defend, indemnify and hold us and our affiliates harmless from any and all claims, liabilities, costs and expenses arising in any way from your use of any services provided by trb futures llc. Trb futures llc provides the information, services and products on this website “as is” without warranties of any kind. In no event shall trb futures llc, its managers, agents and employees be liable for any loss or injury, direct or indirect, incidental, consequential, special or exemplary damages, or any damages whatsoever arising from the use or performance of this website or from any information, services or products provided through this website.

Hypothetical Performance Disclosure

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