Broker Just2Trade (from FINAM) gives access to all popular futures in the largest markets of the planet, over 5000. From one account opened with J2T, you can trade futures contracts on NASDAQ, Nikkei 225, Russell 2000, copper, platinum, soybeans, rice and hundreds of other assets. Trading is also possible through MetaTrader 5 and CQG Trader.
Futures trading terms
Just2Trade gives access to futures contracts from 4 exchanges:
- CME – futures for the largest stock indices, precious metals, wheat, the most popular currency pairs, oil and gas.
- ICE – contracts for orange juice, sugar, oil, coffee and cocoa.
- CBOE – only futures on the VIX volatility index are available.
- MOEX – contracts for shares of Russian companies, copper, ruble and common currency pairs, indices of the Moscow Exchange and RTS are traded on the Moscow Exchange.
The commission and other nuances depend on the specific exchange:
- CME – when trading, $1.5 is charged for each contract, for world-futures the fee is reduced to $1. Day and night GO (warranty provision) for micro-futures is different. At night it is four times lower compared to the exchange, during the day it is 2 times lower, at night the period from 19:30 to 15:50 ET (Eastern Time) is considered.
- ICE and OWN – $1.5 commission per 1 contract, the collateral does not change and approximately corresponds to the exchange one.
- MOEX – Each trade is subject to a fee of $0.1 and a commission from the Moscow Exchange. If the guarantee margin is exceeded, then an additional 0.0712% per day is charged.
You can find out the hours when trading is possible from the specification of contracts in the terminal. More detailed information on commissions is also indicated there.
The broker promises almost instant execution, orders are executed in an average of 10 ms. There is direct access to all major exchanges. In this case, the set of available futures contracts may change.
You can work with futures through both MetaTrader 5 and CQG Trader.
The set of assets is the same, but the platforms themselves are radically different.
CQG Trader is more flexible, it needs to be customized, desktops can be saved so as not to waste time on setting up each time the terminal is launched. MT5 retains the standard navigation for trading software from MetaQuotes.
The algorithm of work is standard. After the first launch of the platform, you need to add futures to the list of assets in the “Market Review“. To switch to the windowSymbols» use the key combination Ctrl+U or select the appropriate item in the context menu.
In the list of available assets, futures contracts are highlighted in a separate item and divided depending on the exchange. The contract specification is displayed at the bottom of the window.
Window “Order“opens with the F9 button or by selecting the appropriate item in the context menu. The volume of the transaction is indicated here (stop and take, if necessary), the type of order is selected – you can work both on the market and pending orders. Parameter “fillingis responsible for how the order will be executed. For example, the All/Nothing option means that the order will either be executed in full or will not be executed at all.
When working with limit orders, the principle of trading is the same, only in addition to the volume of the transaction, you also need to choose the level at which the order should be executed.
Compared to MT5, this is a more complex and functional platform, aimed at professionals. The terminal allows:
- Use complex orders, they can be “attached” to the fulfillment of any condition.
- Analyze options, the effectiveness of option strategies. Traders working with futures are usually not limited to this type of derivatives and also work with options.
- The so-called “temporal analysis” is possible (meaning contango and backwardation), you can work with the calendar spread.
CQG offers a range of trading solutions. The CQG Desktop version is good because it does not require installation and is free. Another advantage is the ability to access the platform from any device with Internet access.
The rest of the solutions involve a monthly payment:
- QTrader – $75.
- Integrated Client – $595.
- Trader – $25.
The Desktop version has somewhat poorer functionality compared to, for example, QTrader, but you are unlikely to feel discomfort. The differences relate mainly to advanced features, for example, in QTrader you can work with your own analytical dependencies to work with the chart.
There are no strict recommendations for organizing the desktop. Of the mandatory elements, one can single out only the chart itself, a window with orders and the status of a trading account, and, possibly, a glass. Above is an example of such a workspace organization.
There are no fundamental differences between trading through MT5 and CQG Desktop, you can earn money both there and there. But there is still a significant difference between the platforms – they are radically different in terms of navigation, settings, organization of the workspace. In addition, CQG solutions have more analytical capabilities. MT5 is more convenient, simpler, custom indicators and expert advisors written in MQL5 are available for it (many of them are free).
But the interesting thing is that you can make very good money on futures, especially on commodities like coffee, wheat, rice, and also, of course, energy resources. Check out our Commodities section for the most popular assets. In many of them, you will be able to see that prices are highly predictable, meaning they are easier to analyze than volatile currency pairs. Just news of a bad coffee harvest in Brazil or good weather in Australia can set trends for half a year. Think about it, because many commodity markets are determined in advance and for a long time to come. Knowing what will happen next, you can easily earn on futures for these goods.