One of the most popular prop trading firms in the US, Earn2Trade (E2T), has informed its clients about the launch of a new entity called Funding Trading. The company aims to focus entirely on futures trading, which is becoming increasingly popular among investors and businesses trying their luck in the trader-funded firms industry.
Meet Funding Trading, Earn2Trade's New Project
Earn2Trade is one of the longest-operating prop firms originating from the United States, offering retail traders funded accounts of up to $400,000. What sets it apart from the competition is that it doesn't provide leveraged trading on CFD contracts at all, focusing solely on futures available on markets served by the CME exchange .
Funding Trading offers exactly the same portfolio, but the number of available challenges and evaluation programs is limited. In return, investors can take advantage of additional options that increase their chances of passing the challenges.
Although the company hasn't officially announced the launch of Funding Trading on its social media channels yet, information about it has started to appear on Earn2Trade's Discord. Users report receiving emails about Funding Trading, which was described as an “affiliate company.”
Finance Magnates reached out for comment on this matter, but at the time of publication, we hadn't received a response. Both brands are certainly connected, as they are both operated by the same company, EDX Education Services L.L.C.
Earn2Trade Launches Sister Company Funding Trading
— FundTraders (@FundTraders) August 21, 2024
Who:
One of the oldest futures evaluation companies
Tech:
Tradovate + CQG
Interesting:
Rollback add-on - erase any day
Refund add-on
Late to the party:
Parachute add-on. Turns hard breaches into soft breaches.
Most viable… pic.twitter.com/v504TDLZRJ
Futures Gaining Popularity in Prop Trading
While Earn2Trade has always focused solely on futures trading, this market segment is increasingly attracting prop firms that previously concentrated on FX/CFD. They are starting to open new brands specifically targeting the futures market.
Crypto Fund Trader made such a move at the end of last month, introducing Crypto Futures Platform. Earlier, The Funded Trader made a similar decision, launching The Futures Trader platform. MyFundedFX has also been running a separate brand, MyFundedFutures, for some time.
Jon Light, Head of OTC at Devexperts, which creates the popular DXtrade platform for retail investors, recently spoke about the growing popularity of futures in the prop trading industry.
“There is strong demand for futures trading technology, especially as the rapidly growing prop trading segment explores new opportunities,” Light commented for TradingTech Insight. “Additionally, we differentiate ourselves by offering expert guidance and support to clients entering the brokerage business.”