Nicole Petallides of Schwab Network discussed oil futures from the NYSE - Commodity Broker

Crude oil has rallied despite headwinds from the US dollar, interest rates, and a sluggish stock market. What's next for WTI oil futures? Commodity broker, Carley Garner, offered her opinion on the Schwab Network with Nicole Petallides.

The decision to trade online or through a full-service commodity broker will undoubtedly make a large impact on your bottom line.

To look at commission rates objectively, we must understand the background of the futures industry and how brokerages accept risk for fees.

Deciding on a commodity brokerage firm is a significant decision and shouldn’t be taken lightly. Not all traders and brokers are compatible.

Most traders in search of a futures broker are concerned primarily with trading platforms, commission, and quality guidance.

The goal of futures trading should be to MAKE money, not SAVE it! Discount commodity brokers cut corners that cost their clients time & money.

A key difference to trading commodity futures over ETFs is leverage, but there is more to discuss, such as taxes, market hours, and efficiency.