Futures and Options Trading Platform Cheat Sheet

This is not an exhaustive list of offerings by our brokerage service. Nor it is a complete list of features, but this information is intended to streamline the basic overview to help traders simplify the process of narrowing down to the best fit for their individual needs. If you would like to learn more about choosing the right trading platform for your particular trading needs, click here to view "How to choose the right futures trading platform"
 

FREE Futures and Options Trading PlatformsZaner360dom

 
 

Zaner360 (Gain Futures)

 
1. Desktop and access to the iBroker web and mobile applications.
2. Option trading friendly margin policy
3. All of the expected futures trading features (charts, DOM, custom indicators, strategy orders, futures spreads, etc.)
4. Lacks option trading Greeks, spreads, analytics
5. Fast, efficient, reliable and high-end features without the cost.
6. Option trading friendly policies
7. Highly recommended in the FREE category
 

Onyx (RCG)

 
1. Desktop and low-end web platform
2. Not necessarily option friendly (strategy dependent)
3. No charts, not user-friendly
4. DOM panel, sturdy
5. Time-consuming to enter option orders
6. NOT option trading/selling friendly
 

Oak (ADMIS)

 
1. Desktop, low-end web platform, and nice mobile application.
2. Option trading friendly, but aggressive traders charged higher than SPAN
3. No charts, not user-friendly
4. DOM panel (waterfall), sturdy
5. Time-consuming to enter option orders
6. Option trading friendly, but aggressive traders can expect margin upcharge
7. High transaction costs
 
 

Affordable and Worthy Upgrades

 
 

Track n’ Trade Live (Gain Futures)

 
1. $299+ to purchase,  plus $40 monthly.
2. High-end charting with unique features (seasonals, COT, autopilot trading, etc.).
3. Analytical tool AND a platform.
4. Place option orders directly from a futures chart.
5. Displays option Greeks but isn’t capable of option spreads or analytics.
6. We can set up with option friendly trading policies.
7. Highly recommended in the "Affordable Upgrade" category.
 

CityTrader (multiple clearing choices)

 
1. $50 per month plus 25 cents per trade.
2. Extremely user-friendly.
3. Simple spread builder (drag and drop legs).
4. Option Greeks.
5. A great choice for low to moderate volume option traders looking for an economic-friendly feature packed option platform.
6. We can set up with option friendly trading policies.
7. Highly recommended in the "Affordable Upgrade" category.
 

CTS (multiple clearing choices)

 
1. Charged 25 cents per trade, $25 monthly minimum.
2. Feature rich and server saved settings.
3. Desktop, web-based, and mobile application.
4. Option spreads, but Greeks and analytics require an expensive upgrade (hundreds $ per month).
5. Very convenient and affordable for low to moderate volume traders, not appropriate for high volume traders due per-trade fee.
6. Despite multiple clearing arrangements, difficult to find an option-friendly arrangement.
 

CQG Q-Trader (multiple clearing choices)

 
1. $40 per month.
2. A fully loaded platform, designed for professional traders beginning traders get frustrated with it. 
3. Not necessarily intuitive/user-friendly.
4. No web-based version, but there is a mobile application requiring an additional monthly fee or you can log in via the iBroker app (no monthly fee but 25 cents per trade).
 

High-end Platforms

 
 

QST (multiple clearing choices)

 
1. Starts at $50 per month, goes up to $300 per month ($200 per month sufficient for retail trading).
2. Not necessarily well-known, but it is top-of-the-line.
3. High-end option chains, option charts, Greeks, option spreads (somewhat challenged), analytics.
4. Mac compatible.
5. Mobile app $60 per month (or iBroker)
6. Can be set up to use option trading friendly clearing.
7. Expensive, but highly recommended for serious traders.
 

BarchartTrader (multiple clearing choices)

 
1. $129 per month.
2. Web-based.
3. High-end charting and user-friendly interface.
4. Option Greeks, spread builder, and analytics.
5. Mac compatible.
6. Can be set up to use option trading friendly clearing.
7. Complimentary mobile application.
8. Settings synced to the server, convenient.
 

TradeNavigator (multiple clearing choices)

 
 
1. $70 per month for standard version, or $130 per month w/options package (one-time cost of $495 to $1495 for upgraded packages).
2. Massive charting and historical data package.
3. High-end features and plugins (seasonals, replay, market profile…).
4. iBroker app available depending on data feed provider.
5. Can be set up to use option trading friendly clearing.
 

eSignal (multiple clearing arrangements)

 
 
1. $152 per month ($47 for stock indices only, or $309 for elite version)
2. Advanced charting
3. Complimentary mobile application and web platform
4. Market screener, data export, market data and volume analyzer, etc.
5. Can be set up to use option trading friendly clearing.
 

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