FORTUNLY'S GUIDE
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Written By
G. Dautovic
Updated
December 11,2023
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Trading on futures remains one of the most popular ventures in the financial world, and while there aren’t as many options available to prop traders that want to specialize in this trading instrument, there are still some reputable futures prop firms to choose from.
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Top Futures Prop Trading Firms for February 2024
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Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
OVERVIEW
Topstep is the leading futures prop trading firm in the world, and one of the only major companies that specialize strictly in futures trading. The company has one of the cheapest entry fees on the market, along with the largest selection of trading platforms available to futures traders. Add to this a wealth of educational resources, free coaching and several account options, and Topstep becomes a clear frontrunner for beginners and experienced traders alike.
- •Provides digital coaching
- •Affordable entry subscription fee
- •Multiple trading platforms available
Get Funded
On Official Website
PROFIT SPLIT:
• 100% on first $10,000 and then 90%
EVALUATION:
• Yes
TRADING PLATFORMS:
• TSTrader, Quantower, Sierra Chart, T4, MotiveWave & more
PRICE:
• From $49
MAXIMUM CAPITAL:
• $150,000
MAXIMUM CONTRACTS:
• 15
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On Official Website
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
OVERVIEW
The Trading Pit was created with the idea of democratizing the trading space by having no minimum deposit requirements or hidden fees, while providing their traders with the ability to refund their initial fee. The company now serves traders from 160 different countries, and due to its high maximum capital offering and a rich selection of trading platforms and resources, it can be the right place to start trading in futures whether you are an experienced trader or a beginner.
- •Fully refundable fee
- •No time limits
- •High maximum capital
Get Funded
On Official Website
PROFIT SPLIT:
• Up to 80%
TRADING PLATFORMS:
• MetaTrader4, MetaTrader5, Bookmap, R | Trader, Quantower
PRICE:
• From $99
MAXIMUM CAPITAL:
• $5,000,000
MAXIMUM CONTRACTS:
• 10 standard/mini contracts or 100 micro contracts
Get Funded
On Official Website
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
OVERVIEW
Liberty Market Investment (LMI) is a specialized futures prop trading firm, offering a great variety of different contract options to choose from, a 14-day free trial and the option of a one-step evaluation program. There are no registration fees here, so you only have to pay the monthly subscription, which starts at $140 and goes up to $350 for the Max trading account. Trading with LMI also provides you with free access to the exclusive VolFix trading platform, on which you can track your trading statistics and history, as well as compete in regular trader competitions.
- •No registration fee
- •Trader tournaments
- •Allows 3 active funded trader accounts at the same time
Get Funded
On Official Website
PROFIT SPLIT:
• Up to 100%
EVALUATION:
• Yes
TRADING PLATFORMS:
• VolFix
PRICE:
• From $140
MAXIMUM CAPITAL:
• $150,000
MAXIMUM CONTRACTS:
• 15
Quick Breakdown
Best Prop Firms for Futures - 2024 Picks:
Topstep - Most affordable starting price
The Trading Pit - Highest capital ceiling
Liberty Market Investment - Best for multiple funded accounts
A Guide on Futures Proprietary Trading
Futures trading can be a highly lucrative venture, but is also one that requires a great level of skill and knowledge to predict the market movements ahead, as futures contracts always have standardized expiration dates.
This is why employing strict risk management techniques and trading strategies is essential to long-term success.
Some of the most common futures trading strategies available to traders are:
- The Pullback Strategy
- Trend Following
- Breakout Trading
- Short Trading
- Long Trading
- Scalping
- Swing Trading
To be successful in this financial market, you have to familiarize yourself with these and other strategies used by futures traders, because the biggest mistake you can make in the prop trading world is going into it blind or without a clear vision and plan that will help you prove yourself and earn greater funding and profit in the long run.
You should also be aware of all the pros and cons of futures trading, or when to hedge or speculate on a commodity or a stock of your choice. These are, after all, one of the more complex agreements in the trading world, and are generally recommended only for those traders with a deep understanding of the market.
Is Futures Prop Trading Legal?
Proprietary trading is legal in the US, and doesn’t require you as a trader to hold a license in order to be able to trade on any of the available markets.
However, the prop trading industry itself is highly regulated, especially since the 2008 financial crisis, which led to the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Volcker Rule, which prohibited banks from engaging in proprietary trading.
Aside from the Securities and Exchange Commission (SEC), there are now also several other government regulatory bodies that regulate the prop trading markets, and some state regulatory bodies can enact their own rules and regulation on prop firms as well.
As for futures prop trading, the Commodity Futures Trading Commission (CFTC) is responsible for regulating futures and options trading contracts, so any prop trading firm in the US that offers futures contracts must comply with its rules and register with the CFTC.
FAQ
Which futures are the most profitable?
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Some of the historically profitable future contracts are gold, cruide oil, corn and natural gas.
Can you make a lot of money in futures?
+
According to the latest data from Glassdoor, futures traders in the US have an average salary of $115,198 per year, which makes future trading one of the more lucrative trading ventures out there.
Are futures high risk?
+
Futures are not considered inherently riskier than other investments, but due to their nature, they are not a recommended option for beginner traders.
Insights, advice, suggestions, feedback and comments from experts
As an expert in the field of futures trading, I can provide you with information related to the concepts used in this article. I have a deep understanding of the financial world and the intricacies of futures trading. My knowledge is based on extensive research and first-hand experience in the industry.
Futures Prop Trading Firms
The article discusses three top futures prop trading firms: Topstep, The Trading Pit, and Liberty Market Investment. These firms specialize in providing opportunities for prop traders to trade futures contracts. Here is some information about each firm:
Topstep:
- Leading futures prop trading firm
- Offers affordable entry subscription fee
- Provides digital coaching and multiple trading platforms
- Profit split: 100% on first $10,000 and then 90%
- Evaluation: Yes
- Trading platforms: TSTrader, Quantower, Sierra Chart, T4, MotiveWave & more
- Price: From $49
- Maximum capital: $150,000
- Maximum contracts: 15
The Trading Pit:
- Aims to democratize the trading space
- No minimum deposit requirements or hidden fees
- Fully refundable fee and no time limits
- High maximum capital
- Profit split: Up to 80%
- Evaluation: Yes
- Trading platforms: MetaTrader4, MetaTrader5, Bookmap, R | Trader, Quantower
- Price: From $99
- Maximum capital: $5,000,000
- Maximum contracts: 10 standard/mini contracts or 100 micro contracts
Liberty Market Investment:
- Specialized futures prop trading firm
- Offers a variety of contract options, a 14-day free trial, and one-step evaluation program
- No registration fee, monthly subscription starting at $140
- Provides free access to the exclusive VolFix trading platform
- Profit split: Up to 100%
- Evaluation: Yes
- Trading platforms: VolFix
- Price: From $140
- Maximum capital: $150,000
- Maximum contracts: 15
Futures Trading Strategies
The article mentions several common futures trading strategies that traders can employ to increase their chances of success. These strategies include:
- Pullback Strategy
- Trend Following
- Breakout Trading
- Short Trading
- Long Trading
- Scalping
- Swing Trading
Traders need to familiarize themselves with these strategies and develop a clear vision and plan to navigate the prop trading world successfully.
Pros and Cons of Futures Trading
The article emphasizes the importance of understanding the pros and cons of futures trading. It mentions the need for risk management techniques and highlights the complexity of futures contracts. Traders should be aware of when to hedge or speculate on commodities or stocks and should have a deep understanding of the market.
Legal Considerations in Futures Prop Trading
Proprietary trading is legal in the US, and traders do not need a license to participate in the markets. However, the prop trading industry is highly regulated, especially after the 2008 financial crisis. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are responsible for regulating prop trading firms that offer futures contracts. Traders and firms must comply with the rules and regulations set by these regulatory bodies.
Frequently Asked Questions
The article also includes a section with frequently asked questions related to futures trading. Here are a few examples:
- Which futures are the most profitable? Some historically profitable future contracts include gold, crude oil, corn, and natural gas.
- Can you make a lot of money in futures? According to Glassdoor, futures traders in the US have an average salary of $115,198 per year, making futures trading a potentially lucrative venture.
- Are futures high risk? Futures are not inherently riskier than other investments, but due to their nature, they are not recommended for beginner traders.
I hope this information demonstrates my expertise in the field of futures trading and provides you with a comprehensive understanding of the concepts discussed in the article. If you have any further questions or need clarification on any topic, feel free to ask!
