Futures brokers and platforms
Broker Review
Discount Trading
The Discount Trading platform dates to 1996 and is connected to Discount Trading. Today it markets low-commission futures accounts with a choice of clearing relationships and trading software, giving it a materially different operating model from a conventional all-purpose broker. Any valuation belongs to the listed company or parent rather than automatically to the product brand. The company is privately held or not separately listed, so no public market capitalization is available.
Strengths
- Markets low-commission futures accounts with a choice of clearing relationships and trading software
Drawbacks
- At Discount Trading, leverage can produce losses well beyond the expected risk budget, while data, routing, liquidation and platform charges complicate the advertised commission
Profile
What you can trade
Discount Trading provides listed futures and options on futures on supported U.S. exchanges. Its precise mix of micro contracts, commodities, rates, currencies and equity indexes follows the carrying FCM and chosen front end.
Account types
Individual, joint, IRA and entity futures accounts where supported; margin is contract-based and accounts are carried by the named or partner FCM. The registration structure reflects the fact that the service markets low-commission futures accounts with a choice of clearing relationships and trading software.
Platform
Discount Trading supports its stated proprietary interface and/or third-party futures software such as TradingView, CQG, Rithmic, Sierra Chart, MotiveWave or Trading Technologies, depending on the account. The resulting workflow is tailored to a business that markets low-commission futures accounts with a choice of clearing relationships and trading software.
Who it suits
Best suited to Discount Trading customers whose principal requirement is the capability described in this profile, rather than investors choosing a broker only because of a zero-commission headline.
Where it is offered
Discount Trading is principally offered to eligible U.S. residents who can supply a Social Security number, domestic address and tax certification. Policies for territories, citizens living abroad and international applicants are specific to this firm.
Regulation and sources
Official website: https://discounttrading.com/ Regulatory status should be verified through FINRA BrokerCheck, SEC/IAPD, NFA BASIC, state regulators or applicable alternative-asset disclosures. Last verified: 2026-08-11.