Futures vs. CFDs (why I quit FTMO...)

(**Update**: I'm now officially partnered with Topstep, they're a good bunch and I'm happy to endorse them. But as always, do your own research.)

My Prop. Firm:

My Social Links:

Video Description:
💭 In this video I explain a few reasons why I believe everyone that's considering daytrading for a living should move away from CFDs in favour of trading Futures. This is why I ultimately decided to abandon my FTMO challenge and opt for a $100k combine with @TopstepOfficial instead (not affiliated with them, just like their offer. Look them up and see for yourself).

Like and subscribe lads. More to come.

---

📉 Risk Disclosure: Futures 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 jeopardising ones 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. Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

[EkeTheGreat]

I'm SO glad I found this video bro. Beginning my futures journey & was going to use FTMO but I was wondering if it was really futures

[Kingpin]

This video aged really well. The CFD community is now scrambling as meta quotes has been pulling licenses of unregulated brokers. My only question is what’s the leverage like on futures vs a 1:500 on an unregulated cfd broker?

[passport_papii]

i have had my biggest issues with cfds. futures has been thee most professional market i have ever traded and i highly recommend more people to look into futures over cfds!

[sbbhtrader]

on a $100k on TS we get 3%(trailing) DD so we are paying $100+$150 activation fees(if you pass in 1 month)=$250
(it will be $350 if you need one extra month) to get $3000 drawdown
while on FTMO we get 10%(static) DD so we are paying $600 to get $10, 000 drawdown
in futures trailing drawdown will blow the account if you are on a losing streak while you get a lot of butter on fx then how futures firms are better than forex firm can you explain

[jaypiniella]

I am with you, I started a 50K Topstep combine this week, should be fun, lets go get it!!! I did an FTMO trail, but after researching, my decision same as yours. Will be looking forward to your progress and videos, full-time trader is the goal.

[astriverofstrengthandknowledge]

Based on what prop firms have been going through as of recent, this video is more relevant than ever now.

[ftzouhair]

Keep us updated about your new challenge and how it went. Good luck

[fvgerr]

Really like your no bs approach. Subbed thanks

[armachea]

I dont think all cfd brokers trades against customers

[WazzzUpFolks]

For now I can manage to trade cfd’s but as you said, we will have to move to real regulated markets if we want to take this profession seriously

[chandanritvik]

I disagree. Most of the CFD markets are closely linked to the underlying futures market. There is not much price difference

[cammycapital]

For those of you interested in getting serious about trading and getting funded to trade futures, I use and recommend Topstep. If you use my link here you'll get 20% off your trading evaluation, and help support the channel:


Do your own research as always ❤

[alex]

Very interesting! Did not know the difference. However, i'm confused about what type of propfirm "crypto fund trader" is. I was planning to start an evaluation but now i'm not sure. They do have a map of their profit model but i don't know if it is futures. Do you know if traders go against or with this firm?

[banginzaza]

Yeah bro. I love Nasdaq and Dow Jones. That gray area for us trading CFDs may come to am end soon. Plus having a regulated broker so I could withdrawal directly into my account versus the Bitcoin transfers. Ahh yes! I agree bro.

[graceking]

I’ve been trading the mes on ninja trader for a while now, and being Australian based I’m getting over the early rises to trade the NY market close which is why I started looking into CFDs, how do you get around trading futures at horrible hours?

[karfenske]

Thank you very much for the very good info. But how do you take short positions in futures trading for example US100? I always thought that only long positions are possible here and that options have to be used for short positions. Can you perhaps say something about this?

[maltewerner]

Hey, i know im late to this Video, but is there any way to Papertrade futures? Before starting my funded trader combine i would like to test all the strategys that i applied to CFD trading with the futures.

[joeybeninghove]

Thanks for the insight here. Curious, when you mentioned the spreads with CFD brokers. I've actually found CFD FX spreads in particular to MUCH smaller than FX brokers in the US, for example. I'm assuming that maybe you haven't used US brokers for Forex?

[sylvanusochiks]

Hello mate hope you're doing fine.

Does Topstep accept registration from Nigeria?

I really want to switch to Futures as well. Works way better with the ICT concept.

Thanks

[AmineAMINE-ncni]

I want to change FTMO to do futures but with how shoud I work now ?