The international broker MetroTrade is a Chicago-based financial venue focused on retail futures trading. Unlike multi-asset investment platforms, the firm concentrates on exchange-traded derivatives. The intermediary operates under an IB model, routing customer funds and clearing through regulated Futures Commission Merchants (FCMs).
While NFA registration dates to 2023, the commercial brokerage rollout was formally announced in 2024 before going live.
| Item | Information |
|---|---|
| Legal Entity | MetroTrade LLC |
| Business Model | Introducing Broker |
| NFA ID | 0558016 |
| Regulators | CFTC, NFA |
| Headquarters | Chicago, Illinois, USA |
| Corporate Address | 318 W Adams, Suite 1911, Chicago, IL 60606 |
| Primary Assets | Exchange futures, futures options |
| Core Exchange | CME Group |
| Execution Platform | MetroTrader |
| Practice Environment | 30-day demo |
| Funding Routes | ACH, domestic & international wire |
| Support |
The Metro Trade broker functions within the U.S. regulatory framework rather than an offshore CFD jurisdiction.
As an introducing entity, the firm manages the client interface, leaving execution, clearing, and custody to registered FCM partners.
Partnered clearing venues:
Dorman Trading
StoneX
Phillip Capital
Plus500
Supervisory framework:
National Futures Association (NFA): Industry self-regulatory body (NFA ID: 0558016);
Commodity Futures Trading Commission (CFTC): Federal derivatives regulator.
Client capital of the MetroTrade broker is held in segregated bank accounts maintained by the designated clearing house under CFTC Rule 1.20, separate from operational assets.
While NFA membership was granted in 2023, public retail operations launched following regulatory approvals in 2024, with full commercial deployment in 2025.
The Metro Trade broker focuses strictly on CME Group derivative contracts.
Available asset classes:
Stock index derivatives (E-mini, Micro E-mini);
Digital assets (Bitcoin, Ether futures);
U.S. Treasuries & FX pairs;
Energy, precious metals, and agricultural commodities;
Long calls and puts on futures (introduced May 2026).
Standard cash equities, ETFs, and spot instruments are not supported.
The brokerage provides the proprietary MetroTrader software suite across web and mobile interfaces.
Key technical features:
Built-in charting with 75+ indicators;
Depth of Market (DOM) order routing;
Real-time risk, P&L, and margin tracking;
Integrated futures options desk;
Zero platform subscription fees.
A 30-day demo environment using simulated delayed Level 1 data is available. Selected external tools like Quantower, Bookmap, and MultiCharts are also supported via API data feeds.
Opening a MetroTrade personal account begins online via the client portal.
Application requirements:
Identity & financial disclosures;
Investment suitability profiling;
Social Security Number (SSN) / ITIN for U.S. applicants;
Government photo ID & bank account confirmation.
Applications are typically reviewed within one business day.
There is no fixed minimum deposit, though $100 is required to unlock free live Level 1 market feeds. Actual capital demands depend on exchange margin rules.
The Metro Trade broker uses a single account structure with feature permissions based on risk profiling.
| Feature | Condition |
|---|---|
| Minimum Deposit | $0 nominal ($100 for live Level 1 data) |
| Practice Mode | 30-day demo |
| Deposit Routes | ACH, Wire transfer |
| Day Margins | From $50 (contract-dependent) |
The MetroTrade broker uses a per-contract fee schedule:
| Instrument | Rate |
|---|---|
| Full-size / E-mini Futures | $1.09 per side |
| Micro Futures | $0.29 per side |
| Micro Options on Futures | $0.58 opening side |
| E-mini Options on Futures | $2.18 opening side |
Exchange and NFA regulatory fees apply separately. Auto-liquidation carries charges of $25 (E-mini/Full) or $15 (Micro) per contract.
The Metro Trade broker accepts payment transfers via bank-backed routes. Payment cards and digital wallets are prohibited.
Supported payment routes:
ACH Transfer (U.S. only): Zero incoming fees; capped at $5,000 per transfer.
Wire Transfer: Free incoming; $30 domestic / $40 international outbound fee.
ACH security clearances:
| Deposit Threshold | Settlement Delay |
|---|---|
| Under $1,500 | 1 business day |
| $1,500 – $2,500 | 2 business days |
| $2,500 – $5,000 | 3 business days |
| Over $5,000 | 5 business days |
When withdrawing money from MetroTrade, redemption requests route through the client portal back to a matching bank account in the trader's name.
Created: 2002-04-07
Updated: 2025-04-09
Infrastructure: Cloudflare CDN
The 2002 domain creation date reflects secondary domain acquisition; active retail operations began following 2023 NFA registration.
Trustpilot: Holds a 4.1/5 TrustScore based on 5 reviews of MetroTrade (claimed March 2026). Users cite smooth onboarding and low fees, though the small review volume offers limited statistical weight.
BrokerChooser: Unlisted in 2026 rankings, reflecting the firm's recent market entry rather than a negative regulatory finding.
| Parameter | Evaluation |
|---|---|
| Regulation | NFA-registered (ID 0558016), CFTC framework |
| Custody Model | Segregated client funds via FCMs |
| Pricing Transparency | High (fixed per-contract rates) |
| Track Record | Short commercial history (launched 2024–2025) |
| Funding Methods | ACH and Wire only |
| Overall Risk | Low to Moderate |
The Metro Trade broker provides a transparent, NFA-regulated environment for derivatives trading. Partnering with established FCMs ensures client funds remain segregated in line with U.S. CFTC standards.
Its primary trade-off is a short operational history compared to legacy market brokerages, alongside strict bank-only payment infrastructure.
Key summary points:
U.S. IB registered under NFA ID 0558016;
Futures and options focus via CME Group;
Segregated custody via FCM partners (Dorman, StoneX, Phillip Capital, Plus500);
Low rates ($0.29 Micro / $1.09 E-mini per side);
Proprietary MetroTrader suite with zero subscription fees;
$0 minimum deposit ($100 for live feeds);
ACH and Wire funding only; no payment cards supported.
Project characterization:
Risk level: Low to Moderate
Suitable for: Active derivatives traders seeking regulated U.S. futures execution, low per-contract costs, and an integrated web/mobile platform.
Not suitable for: Investors seeking physical stock or ETF portfolios, or users requiring credit card/e-wallet account funding.
Overall, evidence confirms the MetroTrade broker is a legitimate, fully regulated U.S. futures venue suitable for traders seeking dedicated derivatives execution.
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