TradersYard has announced the launch of futures-based trading challenges, in an expansion of its retail prop offering.
According to the company, the new challenges were developed in response to many prop trading firms applying foreign exchange (FX) and contracts for difference (CFD) frameworks to futures trading challenges.
“Most prop firms treat futures like an afterthought – same old FX/CFD rules slapped onto completely different instruments,” said TradersYard CEO Manuel Sonnleithner in a LinkedIn post.
“Futures need different risk management, different scaling logic, different everything,” he added.
Sonnleithner said TradersYard’s new challenges were designed to reflect how futures traders typically operate.
Features include position sizing calibrated for futures leverage, drawdown rules and profit targets aligned with common futures market movements, and the removal “noise” created by atypical or unclear rules used by other prop trading firms.
According to its website, TradersYard currently charges between $99 and $399 for futures challenges, depending on account size – which varies from $10,000 to $150,000 – as well as whether the futures challenge is static drawdown or end-of-day drawdown.
