Picking a Broker

Updated: Jan 4

Picking a broker can seem light a daunting task, due to the fact each broker has its own rules and many use different charting systems. It can be extremely over whelming due to the vast amount of options traders have these days. It is no secret that many of us at Gorilla Futures use NinjaTrader but what if you cannot use NinjaTrader or simply want to use someone else, we will go over all the options out there and hopefully make your decision a little bit easier.


As mentioned above we are big fans on NinjaTrader for a few reasons. For one there customer service is one of the best out there, extremely fast and can easily remote into your computer to give you a hands on approach if need be. Not only is there customer service great they usually have the cheapest prices around when it comes to commissions. Now one draw down with there commission setup is the fact that you have to buy a lifetime license that at the moment cost $1099.00. You either pay for some of your commissions up front with a more expensive entry fee or you pay for them via a higher commission on the back end. Gorilla Futures members can receive up to $100.00 off a lifetime license if they would like to participate in a group buy. Here is a link to view commissions per license and per symbol. If you plan on funding your account you can do so with a minimum of $50.00 to trade the Micro E-Mini S&P 500.


TradeStation is a web based broker that comes with a lot of bells and whistles. There are zero data fees, in the futures world this can be rare to come by. Not only are the fees at a minimum they also offer a free platform. Since this is a web based system you will be able to access your charts on the go! With all these perks comes a few downsides the initial and maintenance margins can be a little much for new traders, here is a link to see for yourself. Now only that you will also need to fund your account with a minimum of $2000.00. This amount can be a little steep for some. If you would like to open an account here is a link to do so!

Think or Swim

With one of the best trading platforms out there TOS should defiantly be considered when looking for a charting package and a broker via TD Ameriatrade. With this great trading platform do come with a few downsides. First of throughout 2020 the TOS charting platform has had it fair share of issues that now of October seem to have gotten better. Now if you are a futures trading you wont get to take advantage of the free commissions on stocks you will have to pay a fix rate of $2.25 per side + all exchange fees. This can easily start to add up if you are a day trader taking multiple trades a day. Here is a link to see the commission structure of TOS. If you would like to fund a margin account with TOS you will need to have a minimum of $1500.00 in that account.

Now these are our top 3 brokers and charting packages, there are tons of other good names out there. Each of the three have there fair share of pros and cons that should be considered before moving on.

What broker do you like the best?

Gorilla Futures receives nothing in exchange for recommending these brokers.

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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, 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. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results. Gorilla Futures and those associated with Gorilla Futures are not liable for any decision you make while trading. TESTIMONIAL DISCLOSURE: TESTIMONIALS APPEARING ON MAY NOT BE REPRESENTATIVE OF THE EXPERIENCE OF OTHER CLIENTS OR CUSTOMERS/ MEMBERS AND IS NOT A GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS.

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