Trading Instruments
Futures Prop Firms:
Focus on futures contracts, which are agreements to buy or sell assets at a future date at a predetermined price.
Common assets include commodities (oil, gold), indices (S&P 500), and interest rates.
Forex Prop Firms:
Specialize in foreign exchange (forex) trading, dealing with currency pairs like EUR/USD, GBP/JPY, etc.
Futures Prop Firms:
Use platforms designed for futures trading, such as NinjaTrader, Tradovate, or Trading Technologies.
Platforms often have advanced features for analyzing market depth and order flow.
Futures Prop Firms:
May have stricter rules on daily loss limits and position sizing due to the leveraged nature of futures contracts.
Evaluation might include maintaining consistency in trading futures contracts.
Futures Prop Firms:
Evaluation fees might be higher due to the complexity of futures markets.
Profit splits can vary but are often competitive to attract skilled traders.
Forex Prop Firms:
Commonly use platforms like MetaTrader 4/5 (MT4/MT5), cTrader, or web-based platforms.
Focus on technical analysis tools suitable for forex markets.
Often set profit targets and maximum drawdown limits.
May require adherence to specific trading days or minimum trading days.
Typically offer a variety of account sizes with corresponding fees.
May offer higher profit splits to traders (up to 90% in some cases).