What qualities do you want your commodity futures and options broker to have?

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1)    Experience- Always make sure that your commodity futures and options broker has seen both bull and bear commodity markets. Also make sure that your commodity broker does not have a habit of being in trouble with the National Futures Association. Click this link NFA to check on any firm or broker you are considering doing business with.

2)    Honest dialogue- Does your commodity broker call you when you are down in a trade as readily as when you are in a winner? Does your broker only call to ask you to send in more risk capital?

3)    Availability during market hours- Is your commodity broker very often in a meeting or on the other line when you are trying to reach them during the trading day? Are your calls returned in a prompt and professional manner?

There are many variables to consider when opening an account with a new commodity futures and options broker.

First you should fully research and understand the inherent risks involved in commodity investments and decide how much risk capital is appropriate for your financial situation. Click risk disclosure to learn more. Second, you must decide what type of commodity broker services you will need to achieve your trading objectives. Then you must decide what type of account will be appropriate for you.

There are various types of services and accounts to choose from.

#1 Broker Assisted Account This type of account is for an investor that knows what they want to trade but want to call it into a commodity broker to place the trade just so there are no order mistakes and to have brief dialogue with a broker. Order errors can be costly. This type of service also allows for brief conversations such as what is the bid/ask and last trade on the option? Do you think this price will get filled? Is that USDA report today or tomorrow? You get the idea. This account is for investors that lack the time or inclination to trade their own account online.

#2 Self Directed Online Account This account is for commodity investors who do their own research and simply need a conduit for their trades. They are interested in secure, fast and accurate futures and options execution. These investors are uninterested in the opinion of an online commodity broker, are absolutely confident in placing their own orders and require little or no contact from their broker.

#3 Managed Account This account for investors seeking a hands off approach to the commodity markets. Money is trasferred to a commodity trading advisor who trades these accounts at their discretion. Visit managed futures trading for our various managed funds performance statistics. The commissions are usually fee based instead of transactional in nature. These accounts typically require at least $100,000 of start up money to begin and are typically longer term in nature.

Call 1-800-915-4716 or email to contact@tkfutures.com   to speak to a professional and experienced online commodity broker now.

Visit our educational page to learn more at future option trading commodity future trading.

Visit managed future trading to learn about a managed account.

Visit commodity research to see weekly market commentary.

Visit online future trading to open an account.

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