futures: what each firm publishes

Firms publishing a futures rule

A firm appears here when its own live page states this rule, and the wording beside it is what that page said on the date shown.

Reading the table

The profit split will not decide this for you. Eight of the ten firms here publish a figure and every one of them is ninety percent, so the median, the minimum and the maximum of the split column are the same number. A market where the headline is identical everywhere is a market where the headline is not the product.

The drawdown rule is the product. A trailing limit follows your account's high water mark as it rises, and at several firms it follows unrealised profit, so a trade that goes your way and comes back can breach a level that only existed while the position was open. An end-of-day limit moves once, at the close, on realised profit. Bulenox publishes both shapes and lets you choose; Take Profit Trader and Tradeify publish end-of-day; OneUp Trader and Leeloo publish trailing.

The first payout is where the money actually differs. Bulenox publishes that the first ten thousand dollars in payouts is one hundred percent yours and OneUp Trader publishes the same shape on the first ten thousand withdrawn. Since most funded traders who are paid at all are paid once, a term about the first payout is worth more than five points of a split that applies later.

Five firms are missing and it matters. Apex Trader Funding, Elite Trader Funding, TickTickTrader, Funded Futures Network and Pure Futures cannot be read from our infrastructure, and Apex is one of the largest firms in this market. They are named under the table with the reason rather than left out quietly, because a table that looks complete and is not is worse than a short one.