Prop trading company FunderPro has announced plans to launch Futures services on its website. In a notice, the firm reportedly opened a waitlist for exclusive access to the new offering. The company has also set up a new URL for the new offering: funderprofutures.com.
Integration with cTrader
The announcement came days after FunderPro disclosed that it had integrated cTrader into its offering. The integration reportedly aims to give users more trading options. cTrader is a multi-asset forex and CFD trading platform serving brokers and prop trading companies.
The platform reportedly utilizes a liquidity network to provide services to corporate trading entities and individual traders via a range of financial instruments. FunderPro joined a growing list of companies that have added cTrader to their services.
The other companies include Goat Funded Trader, a proprietary trading firm reportedly offering retail users access to accounts of up to $800,000. The Funded Trader and MyFundedFX are the other prop trading firms that have also sought the services of cTrader.
More Firms Eye Futures
Notably, more companies are now focusing on futures. For instance, AvaTrade, a forex , and contracts for differences broker, recently broadened its services by introducing a specific futures trading platform dubbed AvaFuture. The new service reportedly encompasses micro, mini, and standard futures contracts.
According to a report by Finance Magnates, AvaFuture offers futures contracts for indices, commodities, currencies, treasuries, cryptocurrencies, and metals.
A recent study noted that the policies around the contracts for differences are pushing investors to other instruments, such as futures. The research by Acuiti highlighted that 50% of European retail brokers prefer offering futures and options over retail over-the-counter instruments.
Commenting about this trend, Anya Aratovskaya, an FX Consultant, recently told Finance Magnates: “This tendency is probably true for the US market and maybe Europe as European traders love CFDs and are also likely to consider futures, but overall, I don't think the shift is that significant.”
