Article by James Leeney

In this article, you will learn how to find the best commodities broker for you. You will find your broker by looking at the account details, customer service, and the trading platform the broker has to offer.

When you look at the account details of your potential commodities broker, you are looking at their commissions, fees, and the minimum investment that is required to trade commodities using their services.

A commodities broker offering cheap commissions may not always be the best choice. More times than not, cheap commissions will reflect their customer service and how they work with you.

The fees brokerages will charge are generally standard across the industry. When asking about fees, look for the following: Clearing, Exchange, Brokerage, and NFA. Any other additional fees mentioned beyond these four should draw a red flag.

When researching the customer service aspect of a commodities broker, look at their availability, trading services, and advice/educational resources. Of course, your personal broker will not be personally available 24/7, but make sure they offer a 24 hours trading desk that you can contact to place your trades at any time.

Some brokers will offer full-service trading support. When looking to become a full-service client, ask for past trade recommendations in order to see how they study the markets. If looking to trade for yourself as a discount client, your personal broker should always be available for any questions you may have about the trading platform or any other concerns.

Many potential clients will not ask about receiving free resources from their commodities broker in order to further educate themselves on commodities trading. Most investors who opt for a full-service broker do so to become educated in futures trading so they can one day trade for themselves.

When looking for a commodities broker, an important feature to look for is a state-of-the-art trading platform. Make sure your broker's platform is customizable, has streaming news and quotes, great charting tools, and has a simple order entry system. It is also helpful to find out if your broker will personally assist you in learning the different aspects of their trading platform.

THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES INVESTING AND IS NOT SUITABLE FOR ALL INVESTORS.

This entry was posted on Tuesday, January 24th, 2012 at 10:16 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.