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Forex vs Futures

5 Reasons Why Forex Prop Traders Are Trying Futures

Forex is the largest, most liquid financial market in the world and for good reason. So despite some of the recent headlines, it’s still an industry where you can find trustworthy traders, reputable firms, and experienced brokerages who are dedicated to ethical practices.

But with all of the uncertainty currently happening in the forex prop space…

Today more traders than ever before are starting to also leverage their skills in the futures market at the same time. They’re seeking not only more transparency, but confidence that when they do trade well, they’ll get paid as promised. No surprise breaches, delayed payouts, or frozen funds.

Here are just a few reasons why traders are trying futures in 2024…

Forex vs Futures

5 Reasons Why Forex Prop Traders Are Trying Futures

Forex is the largest, most liquid financial market in the world and for good reason. So despite some of the recent headlines, it’s still an industry where you can find trustworthy traders, reputable firms, and experienced brokerages who are dedicated to ethical practices..

But with all of the uncertainty currently happening in the forex prop space…

Today more traders than ever before are starting to also leverage their skills in the futures market at the same time. They’re seeking not only more transparency, but confidence that when they do trade well, they’ll get paid as promised. No surprise breaches, delayed payouts, or frozen funds.

Here are just a few reasons why traders are trying futures in 2024…

Reason #1: US Futures
Markets Are Regulated

With no central regulating exchange, forex is often referred to as the “Wild West” with firms popping up overnight and doing anything they want. From “B Booking” and CFD’s (illegal here in the states), to firms running your stop or randomly denying payouts, the lack of regulation in forex equates to increased risk on the shoulders of the trader.

On the other side, The Commodity Futures Trading Commission (CFTC) is the federal government agency which regulates all U.S. derivatives markets, futures included. In futures, the market is regulated and transparent. There are real consequences for unethical behavior.

Reason #1: US Futures
​Markets Are Regulated


With no central regulating exchange, forex is often referred to as the “Wild West” with firms popping up overnight and doing anything they want. From “B Booking” and CFD’s (illegal here in the states), to firms running your stop or randomly denying payouts, the lack of regulation in forex equates to increased risk on the shoulders of the trader. 

On the other side, The Commodity Futures Trading Commission (CFTC) is the federal government agency which regulates all U.S. derivatives markets, futures included. In futures, the market is regulated and transparent. There are real consequences for unethical behavior. 

Reason #2: Little To No
Slippage In Futures

Often when trading forex, the gap between your expected price and your actual fill price can instantly put you behind on a trade. Slippage and unpredictable spreads cause problems even for the most seasoned traders.  

Often when trading forex, the gap between your expected price and your actual fill price can instantly put you behind on a trade. Slippage and unpredictable spreads cause problems even for the most seasoned traders.   

In futures, since you’re trading on a centralized exchange (CME), orders are matched in an orderly and transparent manner. What you see is typically what you get. You won’t get filled at a random price which helps your broker (or prop firm), but hurts you. The more straightforward and ethical fills mean your trades have the ability to both start and end better.  

In futures, since you’re trading on a centralized exchange (CME), orders are matched in an orderly and transparent manner. What you see is typically what you get. You won’t get filled at a random price which helps your broker (or prop firm), but hurts you. The more straightforward and ethical fills mean your trades have the ability to both start and end better.  

Reason #3: Futures
Accounts Are Cheaper

"I like that I can pay less for the same leverage” is something we hear often from our traders who now trade both forex and futures. Below is an example of a leading forex competitor and a $50k TPT futures account.  

"I like that I can pay less for the same leverage” is something we hear often from our traders who now trade both forex and futures. Below is an example of a leading forex competitor and a $50k TPT futures account. 

You could purchase four $50k futures accounts for the same cost of just one $50k forex account. And yes, here at Take Profit you can “copy trade” accounts and combine your leverage. With futures you can save money by paying less for the same potential return. Or simply trade both to maximize your options.  

You could purchase four $50k futures accounts for the same cost of just one $50k forex account. And yes, here at Take Profit you can “copy trade” accounts and combine your leverage. With futures you can save money by paying less for the same potential return. Or simply trade both to maximize your options.  

Reason #4: Day-One Payouts

Many forex firms require two phases prior to becoming funded. For example, it’d take four days to pass the first phase, then four more days to pass the second phase. So at the very earliest, it would take no less than eight days to get funded. Then you’d still have to wait 14 days to have your payout processed.

Many forex firms require two phases prior to becoming funded. For example, it’d take four days to pass the first phase, then four more days to pass the second phase. So at the very earliest, it would take no less than eight days to get funded. Then you’d still have to wait 14 days to have your payout processed.

We allow everyday payouts because everyone’s trading story is different. Some do this full-time, some trade before work, some trade in their spare time or when the kids are asleep. Which is why we believe everyone should be able to withdraw profit when it’s convenient for them, not just when it’s convenient for the firm.

We allow everyday payouts because everyone’s trading story is different. Some do this full-time, some trade before work, some trade in their spare time or when the kids are asleep. Which is why we believe everyone should be able to withdraw profit when it’s convenient for them, not just when it’s convenient for the firm.

Reason #5: Similar Products & Platforms

If someone can trade forex, they can trade futures. “A chart is a chart is a chart” as some of our forex traders say. In fact, those who can trade a CFD or currency pair, can find a chart with very similar price action in futures. The products are often that similar.

In fact, CFD’s are derivatives just like futures, and both track an underlying financial instrument. Since CFD’s are illegal in the United States, futures are the gold standard for traders to access popular indices and commodities (S&P500, Dow, Nasdaq, Gold, Oil, Nat Gas, etc). Futures allow you to trade the world’s largest indices without all the “games.”

Plus while MetaTrader is no longer available to US forex prop traders, you can still use TradingView for futures which most people find to be more modern and user-friendly anyways.

If someone can trade forex, they can trade futures. “A chart is a chart is a chart” as some of our forex traders say. In fact, those who can trade a CFD or currency pair, can find a chart with very similar price action in futures. The products are often that similar.

In fact, CFD’s are derivatives just like futures, and both track an underlying financial instrument. Since CFD’s are illegal in the United States, futures are the gold standard for traders to access popular indices and commodities (S&P500, Dow, Nasdaq, Gold, Oil, Nat Gas, etc). Futures allow you to trade the world’s largest indices without all the “games.”

Plus while MetaTrader is no longer available to US forex prop traders, you can still use TradingView for futures which most people find to be more modern and user-friendly anyways.

Plus 40% Off + No Activation Fees

Right now during our “No Fees Forever” Promo, not only do you get a 40% lifetime discount, but you’ll also have your activation fees waived for good! Meaning that no matter when you pass the test, as long as you used the code NOFEE40 you’ll never pay an activation fee! Only available for a limited time.

Right now during our “No Fees Forever” Promo, not only do you get a 40% lifetime discount, but you’ll also have your activation fees waived for good! Meaning that no matter when you pass the test, as long as you used the code NOFEE40 you’ll never pay an activation fee! Only available for a limited time.

We’re A US Based
Futures-Only Firm

If you want to give futures a shot and want the ability to withdraw from day-one of your funded account, come trade them with the TPT team! Get in, get out, and get paid.

If you want to give futures a shot and want the ability to withdraw from day-one of your funded account, come trade them with the TPT team! Get in, get out, and get paid.

Real Traders, Real Results

Coleman Testimonial
Ben Testimonial
Justin Testimonial

“Take Profit's trading rules are designed to help you pass the challenge and start making money as soon as possible. Being able to withdraw earnings daily is such a
huge perk.”

- Taylor

“I have been trading with TPT for over six months now and have nothing but great things to say about them. They're the only prop firm who allows you to withdraw from day one…”

- Yuri

“The fact that I can now trade and withdraw my profits today, the same day that I got access the pro account and signed the contract is mind-blowing.”

- Charlie

“What I like about this company is an immediate payout with pro account. After passing evaluation phase in 10 days, you can withdraw your profit...I have never seen this with other prop firms…”

- Vahid

“Withdrawal is within same day of qualifying… no waiting period for apparent no reason why must I wait for my money. It's great.”

- Tafita

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Take Profit Trader LLC
1317 Edgewater Drive #3797
Orlando, FL 32804

DISCLAIMER 

Allowed Products: At TakeProfitTrader LLC, we empower our traders to navigate the dynamic world of futures trading. Our platform grants access to an extensive range of futures products exclusively listed on esteemed exchanges, including CME, COMEX, NYMEX, and CBOT. It's important to note that our program and platforms do not support or facilitate trading in stocks, options, forex, cryptocurrencies, or CFDs.

Trading Test Disclaimer: The evaluation program is a challenging assessment designed to simulate real market conditions. It is important to note that successfully passing the Trading Test requires a high level of skill and experience in trading. Our Trading Test is hard and between January 1, 2023, and August 1, 2023, 20.37% of users successfully passed our Trading Test, attaining the PRO within this timeframe. It's worth mentioning that even seasoned traders often find this challenge demanding. As such, we recommend the Trading Test primarily for those with substantial trading experience.

Information Disclaimer: Please be advised that all content disseminated by TakeProfitTrader LLC and its affiliated entities is intended solely as general information. None of the information provided by TakeProfitTrader LLC and its affiliated entities should be construed as (a) investment advice, (b) an offer or solicitation to buy or sell any security, or (c) an endorsement, recommendation, or sponsorship of any particular security, company, or fund. The utilization of information available on the TakeProfitTrader’s websites is undertaken at your own discretion, and TakeProfitTrader LLC, along with its partners, representatives, agents, employees, and contractors, disclaims any responsibility or liability for the use or misuse of such information.

Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

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