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Discount Trading Review
Discount Trading is a small United States futures introducing broker running since 1997. It is not a forex or CFD broker, it only handles listed futures and options.
Min Deposit
N/A
Spreads From
Commissions from about $0.20 per side on micro index futures, higher on other contracts
Max Leverage
Set by exchange margin rules, day trade margins from about $40 per contract on some markets
Platforms
Sierra Chart, CQG
Pros
- Registered with the CFTC and a member of the NFA since inception
- Commissions as low as 0.20 dollars on micro index futures contracts
- More than 20 platforms supported, including Sierra Chart and CQG
- Five trade routing options give some choice in speed and reliability
Cons
- Not a CME clearing member, so trades are introduced to another FCM
- Very little independent review coverage exists outside its own site
- Only serves futures and options traders, not spot forex or CFD traders
- No published sign up bonus or cash promotion of any kind
Discount Trading has marketed itself as a low cost futures broker since 1997. It targets day traders and scalpers who want cheap access to CME, CBOT, COMEX, NYMEX, and some Eurex futures and options, not spot forex or CFDs.
The firm is registered with the CFTC and is an NFA member under NFA ID 0283032, confirmed on its own site. CME Group lists it as a non clearing member, so trades are introduced to a separate clearing futures commission merchant. It advertises commissions from about 0.20 dollars on micro index contracts, day trade margins from around 40 dollars per contract on some markets, and over 20 platforms such as Sierra Chart, Rithmic, CQG, and TradingView.
Independent reviews of Discount Trading are thin next to bigger futures brokers, so most checks rely on the firm's own site plus the CFTC and NFA registers. Futures trading carries real risk of loss beyond the deposit, a warning the firm repeats in its own risk disclosure. No sign up bonus is listed on its site.
Max Leverage
Set by exchange margin rules, day trade margins from about $40 per contract on some markets
Spreads From
Commissions from about $0.20 per side on micro index futures, higher on other contracts
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
