Intrust, Chicago handled futures accounts in an IRA. They went bankrupt in 2000 and 14 years later the lawyers, accountants and regulators are still dealing with the fallout (less charitably, milking it dry with their fees).
I don't recall the details of WHY they went bust, but make sure you do a lot of research on the trust company if you go this route.
There are a few IRA custodians who allow trading futures on IRA accounts. Please note, unless this is risk capital, trading futures on an IRA account is not for everyone. With clearing firms they will usually have the client sign an account guarantee which is standard for all IRA Futures accounts.
PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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The problem is the personal guarantee. Signing one on behalf of your IRA is apparently a prohibited transaction or at the very least will be considered a prohibited transaction should you actually have to pay for the incurred losses with funds outside your IRA.