A Futures-First Broker for Active Traders
EdgeClear is a US-based futures brokerage regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Specializing exclusively in futures and commodities, EdgeClear offers competitive commissions, a wide selection of trading platforms, and personalized support, making it an attractive choice for active and professional traders.
Expert Reviewer Verdict
EdgeClear is a forward-thinking brokerage, designed for active and professional traders who prioritize competitive commissions and advanced trading tools. Unlike many brokers, EdgeClear specializes exclusively in futures trading, offering diverse CME Group products, including cryptocurrency derivatives, commodities, indices, and options. The platform supports multiple trading setups, including EdgeProX, TradingView, Sierra Chart, and more, giving traders flexibility and precision. EdgeClear’s EdgeWatch performance analytics platform is complimentary for all account holders and helps users track and optimize their trades.
Additionally, the brokerage’s personalized customer support, provided by real traders, enhances the trading experience. However, beginners may find the range of tools overwhelming, and the futures-only focus may not suit those looking for stock or forex trading. For dedicated futures traders, EdgeClear is a top choice.
This post is part of a paid marketing agreement with Investing.com.
Pros and Cons
Pros
- Low Micro Trading Commissions
- Variety of Account Types Available
- Advanced Trading Platforms Supported
- Free EdgeWatch Performance Tool
- Access to Co-Located Services
Cons
- No Access to CFD or Forex Trading
- Wire Transfer Fees Can Vary
- Limited To Futures and Commodities
Trust and Safety
Robust Security And Client Protection
EdgeClear prioritizes client security and trust by adhering to stringent regulatory standards. As a US-based futures brokerage, it operates under the oversight of the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). These regulatory bodies enforce compliance standards designed to minimize fraud and unethical behavior, ensuring a transparent trading environment.
To prevent fraud, EdgeClear conducts thorough Know Your Customer (KYC) procedures during the account opening process. This includes verifying identity through government-issued identification documents and proof of address, helping to maintain industry-standard security practices. When it comes to fund security, EdgeClear’s Futures Commission Merchants (FCMs) hold all client funds in segregated accounts, separate from the operational funds of the FCMs. This setup ensures that client assets are not mixed with the company’s working capital, offering protection in the event of insolvency. Please be aware that funds in Futures-only accounts are not covered by SIPC insurance and remain subject to risk of loss.
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Regulatory Body |
Status |
|
ASIC |
No |
|
CySEC |
No |
|
DFSA |
No |
|
EFSA |
No |
|
FCA |
No |
|
FMA |
No |
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FSA (SC) |
No |
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FSCA |
No |
|
FSC |
No |
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JFSA |
No |
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MAS |
No |
|
CFTC |
Yes |
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NFA |
Yes |
Tradable Instruments
Diverse Futures and Commodities Options
EdgeClear specializes exclusively in futures trading, offering a wide range of tradable instruments through the CME Group. The broker’s focus on futures makes it a top choice for traders looking to engage in various derivative products.
The available instruments include commodities, indices, and options on futures. EdgeClear’s offerings extend beyond traditional markets, providing access to cryptocurrency derivative products, agricultural commodities, metal commodities, financial instruments, and currency instruments. This diverse range ensures that both active and professional traders can find products suited to their strategies and trading preferences.
EdgeClear’s focus on futures-only trading sets it apart from brokers that offer multi-asset trading, positioning it as a specialized choice for those deeply involved in futures markets. While this focus may not cater to traders seeking stock or forex options, it is an advantage for futures-focused strategies.
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Trading Instrument |
Available |
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COMMODITIES |
Yes |
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CURRENCIES |
Yes |
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CRYPTOCURRENCIES |
No |
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ETF |
No |
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FUTURES |
Yes |
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INDICES |
Yes |
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STOCKS |
No |
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BONDS |
No |
|
OPTIONS |
Yes |
Account Types
Tailored Accounts For Every Trader
EdgeClear offers a variety of account types to cater to traders at different levels of experience. Whether you are just starting or are a seasoned professional, there’s an account to fit your trading style and needs. Superior user support is offered to every account holder, with a dedicated broker assigned to each member.
Beginner Accounts are designed for new traders looking to build confidence. These accounts feature a simple setup with access to essential trading tools, including EdgeWatch analytics and educational resources, helping beginners get started with futures trading.
Active Trader Accounts are tailored for more experienced individuals who frequently trade. These accounts offer enhanced platform features, faster execution speeds, and competitive pricing, making them ideal for traders with a higher trading volume.
Professional Accounts cater to high-level, seasoned traders with more sophisticated strategies. These accounts include benefits like custom commission structures, access to co-located services, CME membership consultations, and priority support. Professional accounts are designed for traders who demand advanced tools and personalized service.
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Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
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ISLAMIC ACCOUNT |
No |
|
SEGREGATED ACCOUNT |
Yes |
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MANAGED ACCOUNT |
Yes |
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SUITABLE FOR BEGINNERS |
Yes |
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SUITABLE FOR PROFESSIONALS |
Yes |
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US TRADER |
Yes |
Commission and Fees
Transparent And Competitive Costs
EdgeClear is known for its transparent and competitive fee structure, which caters to active and professional futures traders. With low micro trading commissions and no hidden fees, it stands out as a cost-effective brokerage option.
Account Minimum
EdgeClear requires a minimum deposit of $500 to open an account, allowing easy access for both beginner and professional traders.
Trading Fees
EdgeClear offers some of the lowest micro trading commissions in the industry, starting at $0.22 per side, plus applicable exchange and regulatory fees. The clearing costs are already included in this rate, providing a transparent fee structure.
CFD Fees
Not applicable, as EdgeClear exclusively offers futures trading.
Forex Fees
Not applicable, as the broker does not offer forex trading services.
Futures Fees
EdgeClear charges as little as $0.22 per sidefor micro futures trading, which includes clearing costs. Exchange and regulatory fees still apply. This fee structure is particularly advantageous for active traders focusing on micro contracts.
Account Fee
There are no account maintenance fees at EdgeClear, allowing traders to keep their accounts open without incurring extra costs.
Inactivity Fee
EdgeClear does not charge inactivity fees, making it flexible for traders who may take breaks from active trading.
Deposit Fee
ACH and incoming wire transfers are free, keeping the cost of funding your account minimal.
Withdrawal Fee
ACH withdrawals are free; however, domestic wire transfers may incur a fee ranging from $10 to $30, depending on the chosen FCM.
Overnight Funding Fee
There are no overnight funding fees at EdgeClear, allowing traders to hold positions overnight without extra charges.
Currency Conversion Fee
The currency conversion fee varies depending on the chosen FCM, ranging from $0 to $40.
Guaranteed Stop Order Fee
Not applicable, as EdgeClear does not offer guaranteed stop orders as part of its trading services.
Through its clear and competitive fee structure, EdgeClear positions itself as an affordable option for traders focusing on futures markets.
Trading Platforms
Trade Your Way, Anywhere
EdgeClear provides a wide range of professional-grade trading platforms to accommodate different trading styles and preferences. Whether you are a beginner or an experienced futures trader, EdgeClear offers the flexibility to choose the platform that suits your needs.
Mobile Trading Apps
EdgeClear supports mobile trading through platforms like MotiveWave, TradingView, Rithmic Mobile and CQG Mobile which allows traders to monitor accounts, view charts, and execute trades on the go. While not all platforms are available on mobile, this option offers essential functionality for active traders.
Web Trading Apps
EdgeClear offers several web-based trading platforms that enable trading from any modern browser without requiring software installation. Popular options include TradingView (via CQG), Rithmic R|Trader Pro (Web Version), and CQG Desktop. These platforms combine intuitive interfaces with fast execution, making them ideal for traders who need flexibility and mobility.
Desktop Trading Apps
EdgeClear provides a robust selection of desktop trading platforms tailored to professional and active traders. These include EdgeProX, Sierra Chart, BookMap, Jigsaw Daytradr, MotiveWave, Quantower, and MultiCharts. These platforms offer advanced features like order flow analysis, charting, and automation, ensuring precision and customization in trading.
|
Trading Platform |
Available |
|
MT4 |
No |
|
MT5 |
No |
|
CTRADER |
No |
|
PROPRIETARY |
Yes |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
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DESKTOP MAC |
Yes |
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WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
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ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Cutting-Edge Tools For Active Traders
EdgeClear sets itself apart with a suite of innovative features designed for active and professional futures traders. At the heart of its offering is EdgeProX, a proprietary trading platform that provides advanced charting, orderflow tools, and customizable layouts. This platform is ideal for those who prioritize precision and speed.
One of the standout features is EdgeWatch, EdgeClear’s proprietary performance tracking and trade analysis tool. It delivers actionable insights, helping traders monitor risk, analyze trades, and refine their strategies. This tool is available for free to all members, enhancing the trading experience.
For professional users, EdgeClear offers Platinum Services, which include co-located services, CME membership consultations, systems trading, and managed futures. These services are tailored to meet the needs of high-level traders looking for more sophisticated support.
Research and Education
Insights And Learning For Traders
EdgeClear empowers traders with a robust lineup of research and educational resources tailored to futures trading. At the forefront is EdgeWatch, a proprietary performance-tracking tool that goes beyond simple P&L reports. It’s free for all account holders and offers in-depth analysis, helping traders identify areas for improvement and refine their strategies with real, actionable insights.
To enhance learning, EdgeClear provides EdgeShorts, which are bite-sized videos designed to deliver quick, impactful insights on futures trading topics. These videos cover platform tips, market mechanics, and strategy breakdowns in a concise, easy-to-understand format.
Moreover, EdgeClear collaborates with Investing.com and TradingView to offer curated market analysis and trading ideas. These weekly insights include chart setups, key levels, and market narratives supported by visual data and commentary.
Customer Support
Real Support From Real Traders
EdgeClear prioritizes customer support by offering personalized assistance from experienced traders rather than generic support representatives. Traders can reach out through multiple channels, including phone, live chat, and email. Phone support is available Monday through Friday from 7:30 AM to 4:30 PM CT, while online chat support operates daily from 8:00 PM CT to 4:30 PM CT the following day, Sunday through Friday.
One of EdgeClear’s standout features is the option for personal broker access, where each client can work with a dedicated broker for tailored assistance, platform setup, and account-related queries. This hands-on approach ensures that clients receive practical, trading-focused advice from professionals who understand the market.
Account Opening
Simple Steps To Get Started
Opening an account with EdgeClear is a straightforward and secure process, designed to get you trading quickly.
Registration: Visit the EdgeClear website and click on “Open an Account.” Review EdgeClear’s guidelines for account type: Individual, Joint, Corporate/LLC, IRA, or Trust, before selecting which FCM to proceed opening an EdgeClear account with. Complete the secure online application by providing your personal information, employment details, financial background, trading experience, and platform preferences.
Verification: As part of the Know Your Customer (KYC) process, EdgeClear requires identity verification. You will need to provide government-issued photo ID and proof of address (such as a utility bill or bank statement) to ensure compliance with regulatory standards.
Document Upload: Upload the required documents through the secure online portal as part of the application process. Once the documents are verified, you will receive login credentials and can fund your account.
With your account set up, you are ready to explore the trading platforms and start your trading journey.
Deposit and Withdrawals
Fast and Flexible Funding
EdgeClear offers convenient deposit and withdrawal options to streamline your trading experience.
Deposits: You can fund your EdgeClear account through ACH transfers, wire transfers, or checks (for some account types). ACH and incoming wire transfers are free, making it cost-effective to start trading. Checks and ACH’s may require a 3-5-day holding period.
Withdrawals: ACH withdrawals are free, while domestic wire transfers may incur a fee ranging from $10 to $30, depending on your chosen FCM. Checks (if applicable) may also have variable fees, typically ranging from $0 to $4. Wire transfer processing is generally the same day, while ACH withdrawals may take longer due to processing times.
With transparent fees and reliable processing, EdgeClear ensures that managing your trading funds is both efficient and straightforward.
Final Thoughts
EdgeClear positions itself as a top choice for active and professional futures traders, thanks to its transparent fee structure, competitive commissions, and advanced trading tools. The brokerage’s commitment to offering low micro trading commissions and a range of powerful platforms, including proprietary solutions like EdgeProX and EdgeWatch, sets it apart from competitors.
Traders benefit from personalized customer support, with direct access to experienced brokers who understand the futures market. Additionally, EdgeClear’s focus on client security, with segregated accounts and robust KYC procedures, provides peace of mind.
However, the broker’s futures-only focus and the potentially overwhelming platform options may not suit beginners or those looking for multi-asset trading. Still, for dedicated futures traders, EdgeClear’s combination of flexibility, professional-grade tools, and client-focused service makes it a reliable and efficient choice.
Contact Info
325 W Huron St, STE 600, Chicago, IL 60654
FAQs
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Question: What Types of Accounts Does EdgeClear Offer?
Answer: EdgeClear offers Beginner, Active Trader, and Professional accounts. Each account type caters to different trading levels, from newcomers to seasoned professionals, providing tailored features and support. -
Question: Does EdgeClear Charge Inactivity Fees?
Answer: No, EdgeClear does not charge any inactivity fees, allowing traders to take breaks without incurring additional costs. -
Question: Are There Any Fees for Withdrawals?
Answer: Yes, ACH withdrawals are free, while domestic wire transfers may cost between $10 and $30, depending on the chosen FCM. -
Question: Does EdgeClear Offer Forex or CFD Trading?
Answer: No, EdgeClear is a futures-only brokerage and does not support forex or CFD trading.
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