Trading futures contracts are very poplar in the USA and have the advantage over Forex of being regulated on a centralised exchange (like the CME group). The main purpose of trading futures is to trade contracts with fixed prices for future transactions. They are highly leveraged products and therefore are high risk to trade. Trading futures is one of the world’s most active markets, which is ideal for those who are looking for quick day trading opportunities. If you have backtested your strategy on a demo account for a long period of time, and you lack the funds to trade a real live account, then the various prop trading companies are an ideal solution. Your demo trades are evaluated by the company, a trader can get a funded account from $25,000 to $250,000 in size.
How to Become a Funded Futures Trader
To be offered a funded account by a broker, a trader has to pass an evaluation and achieve a certain profit target and not lose a certain amount of money. A traders should understand how to implement a risk management strategy and establish consistency in their trades over an extended period of time. Most prop firms usually only allow you to trade intra-day meaning all your trades must be closed every day before the markets close.
PROP FIRM COMPARISON
apex trader funding
Min-Max funding: $25,000 – $250,000
Profit target: 6%
One-Step Evaluation Process
No Daily Drawdown
Qualify in as Little as 10 Days
Receive 100% of the first $10,000 and 90% Beyond That
Trading included: No
FEE
$147/MONTH
Apteros trading
Min-Max funding: $50,000
Profit target: 20%
Max Loss (Drawdown): 8%
Gold Tradervue account included ($49/mo value)
No trailing drawdown or max risk
Daily coaching, mentoring, and oversight from leadership
FEE
$325/MONTH
Earn2trade
Min-Max funding: $25,000-$150,000
Profit target: 7%
Max Loss (Drawdown): 6%
Qualify in as Little as 15 Days
One-Step Evaluation Process
Futures trading educational material
FEE
$147/MONTH