Futures trading is truly amazing because it allows traders to leverage small amounts of capital to hold significantly large positions. This leads to trading potentially making massive amounts of profits in both rising and falling markets. Traders who seek growth in the field of futures trading may choose to opt for a futures funded account. Before we dive further into this article let us first understand what are futures trading prop firms; the typical provider of a futures funded account.
Our capital, your skills
While traditional prop firms focus on equities or Forex, futures based prop firms especially focus on allowing traders to trade these futures contracts using the firm’s capital. Before traders get access to a futures funded account, traders must prove their mettle and showcase their profitability by passing the evaluations phases of the relevant account. These evaluation phases involve trading a simulated demo account and hitting a particular profit target based on the original account balance (e.g. 8%) before hitting daily drawdown and overall drawdown limits (e.g. 4% and 6% respectively). Traders typically pay a combination of a registration fee based on the account size purchased and continue to pay a subscription fee monthly (e.g.$350 monthly) during the evaluation period and during the funded phase.
Several best futures prop firms have gained popularity among traders due to their structured evaluation models and opportunities for funded accounts. Below are a few of the best options for securing a futures funded account:
1. Topstep: founded in 2010 and headquartered in Chicago, Illinois, is one of the pioneers in the futures prop trading space. The firm offers traders a maximum account balance of $150,000 and features their own inhouse broker, TopStepX. This inhouse broker grants copy trading facilities and provides Tradingview integration. Traders, however, are restricted to day trading and cannot hold positions overnight
2. Earn2Trade: Founded in 2017, Earn2Trade is another major player in the futures prop firm space, offering a single-step evaluation process to their traders called the Gauntlet Mini. Traders can access account sizes up to $200,000, and the profit split is a competitive 80/20.
3. OneUp Trader: Founded in 2016, offers a streamlined evaluation process with no time limits, allowing traders to progress at their own pace. The firm provides access to futures contracts with a maximum account balance of $250,000 and a profit split of 80/20. Additionally, it features a no-reset fee structure which allows traders to keep trying to pass the evaluation phases without an additional fee as long as they pay the mandatory monthly fee.
While the above features based prop firms all have their advantages and specializations in different aspects of futures trading, they come with several limitations namely they charge recurring fees month on month regardless of if the trader is in the evaluation phase or if he is a funded trader. These firms additionally levy stricter conditions upon the traders such as minimum trading days, maximum trading days and restrictions on holding the account overnight or over the weekend.
Axe Trader not only acts as a provider of futures funded accounts but also provides access to a diverse range of financial instruments, including forex, stocks, indices, and cryptocurrencies. This flexibility allows traders to experiment with different markets and strategies, broadening their opportunities for success. Axe Trader aims to be a one size fits all firm while providing numerous advantages. With Axe Trader there is no subscription fee, only a one time payment which can be as small as $48 for a funded $5000 account. Axe traders additionally offer traders the right to earn up to 100% of the profits they make, the ability to freely trade overnight and over weekends, complete removal of the maximum and minimum trading days condition and the opportunity to take two attempts at the evaluation phase through the Double Axe Account. Traders also enjoy top tier support and the ability to scale up to $5 Million.
So, are you Ready to take your trading to the next level? Traders get the funding you need with Axe Trader. Follow us on our socials to keep upto date with promos, and new updates to our business operations. Here’s all our Axe Trader social handles:
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Axe Trader Ltd. offers fee-based assessment services and facilitates connections with third parties for Potential Traders who meet specific criteria defined by Axe Trader (“Eligible Traders”). Our services involve evaluating the simulated trading performance and results of Potential Traders in certain virtual off-exchange foreign currency instrument pairs (“Forex”) and/or selected virtual contracts for differences (“CFDs”). We conduct data analysis based on simulated trading activities in demo accounts traded by Potential Traders through Axe Trader’s platform, utilizing data provided by a third-party broker. Our methods and techniques are established and maintained by Eligible Traders.
Axe Trader grants access to a third-party’s simulated trading platform, related demo accounts, and simulated trading information for the purpose of conducting data analysis and assessment services. This third-party offers Eligible Traders a simulated trading environment and an opportunity to earn a share of virtual trading gains generated in demo accounts, as specified in their agreement with the Eligible Trader.
Additionally, Eligible Traders acknowledge and agree, as outlined in their agreement, that the third party has the right to collect and use the data obtained from Axe Trader for their own benefit, including the option to replicate trading activities based on this data. The third party also retains the right to incorporate any information received from Axe Trader regarding Eligible Traders into actual live market trading, which they will conduct for their own account and at their own risk.
Theoretical performance outcomes should not be considered as reflective of real trading experiences and are typically formulated with the advantage of historical knowledge, which may either overstate or understate the influence of specific market factors such as limited liquidity and price fluctuations. Moreover, since theoretical trading does not carry financial risk, it cannot fully encompass the impact of various risk-related elements, including an individual’s or advisor’s capacity to manage losses or adhere to a specific trading strategy when confronted with trading setbacks.
