Change Language
wds-media
Top 10 The Futures Desk Questions Answered

Top 10 The Futures Desk Questions Answered

The Futures Desk is a new 2024 trader evaluation firm with a lot of benefits. Started by Josh and team who have a long standing fantastic reputation in the industry, they have launched The Futures Desk with several unique aspects we haven’t seen elsewhere.

You can also read my review of The Futures Desk here (coming soon).

Also, be sure to check my Exclusive Promos page – I always have a discount on My Funded Futures just for you!

the futures desk trading prop rules discount promo live k1

Is The Futures Desk Legit? Do They Pay Their Traders?

Yes absolutely they are both legitimate and pay their traders regularly. I would not endorse them if they did not. I have not heard of one problem, but many success stories. As well I want to mention they move people to live trading accounts very quickly. Unlike most firms which promise live trading but never deliver and honestly some firms have no live brokerage actually available (even if they say they do), The Futures Desk is partnered with 2 brokerage firms from the start.

Have You (Canadian Futures Trader) Been Paid by The Futures Desk?

Yes I have been paid by The Futures Desk every month myself. Never once a problem personally, nor have I heard of one. They pride themselves on being one of the larger prop firms out there, and with a huge FX trader base that came over to futures, they already had a long history of payouts.

Is There A Daily Draw Down With The Futures Desk?

The Futures Desk has a soft daily draw down amount. They are unique in that you design your own plan, so I can’t say specifically how much, because one person might choose a small amount when another person chooses a larger one. They do have an End of Day OR Static overall Max Loss as options, again which you will choose when you sign up. Luckily, there is NO Trailing Draw Down.

What Are The Rules of The Futures Desk to Pass?

The rules to pass are honestly pretty straight forward.

  • Meet the profit goal for your chosen account size
  • Do not violate the end of day or static draw down (whichever you chose)
  • Trade the minimum days (you choose this as well!)

That is essentially it. Sounds simple, but don’t take any evaluation lightly. You still have to manage your own risk to not violate the draw down. If you stick to your trading plan, passing isn’t that difficult. I’ve passed evaluations with pretty much every top tier firm myself.

What Are The Commissions For Trading Futures With The Futures Desk?

The commissions vary by product, if you visit the FAQs section of their site there is a list with the commissions.

What Software Can I Use For The Futures Desk Evaluation?

TFDX and Rithmic feeds are both available and will be the data feeds for The Futures Desk.

On top of these free options, you can use any software package that is capable of connecting to these data feeds. There are several out there. For example I use Jigsaw Daytradr myself as an in depth order flow scalping tool.

How Do I Withdraw Money From The Futures Desk?

The Futures Desk withdrawals are easy to do. They have a full FAQs about it, but in general the process is:

  • Can do daily withdrawals once funded
  • International traders are paid via Rise
  • USA based traders are considered partners and paid directly via wire transfer
the futures desk trading prop rules discount promo live k1

What Happens If A Trader Made a Million Dollars (insert any big number here), Wouldn’t They Bankrupt The Company?

No. Please think about this for just a second.

First, you have zero incentive to keep trading with a prop firm when you are making that much money. Remember the profit split? If you are capable of making that kind of money you would not want to give up any percentage. You would take your profits far sooner and open a brokerage account. As well, I hate to tell you but chances are you aren’t a million dollar trader.

Second, since TFD moves you to a true Live Account, your $1 million isn’t coming out of the company’s pockets, they would be actual realized profits from trading. They would benefit from you being successful with their profit percentage.

I think this question comes from people with delusions of grandeur more than out of a realistic situation.

What Products Can I Trade With The Futures Desk?

Basically any CME Group listed futures product. Be sure to check their FAQs where they do list them out in detail. In general though, any futures CME Group product. You can not trade FX, stocks or options with The Futures Desk.

What Are The Monthly Fees After Passing?

There is no monthly fee once passing. As well there may be no activation fee! When you choose your plan, you can choose whether you want to pay less up front and have an activation fee, OR you can pay more up front and nothing to activate. This second combination is cheaper in total.

If I Break A Rule Can I Reset My Account?

Yes you can reset your evaluation accounts if you break a rule. The cost depends on the parameters you chose for your account. Bigger the account in terms of contracts and drawdown, the more to reset. I also want to mention you can only reset once per day, and that reset won’t take effect until the next day. The Futures Desk is encouraging people to trade carefully and responsibly, and NOT yolo, fail, reset, repeat.

the futures desk trading prop rules discount promo live k1

Conclusion

Hopefully the above questions and answers cover most of the questions you may have about The Futures Desk. I definitely recommend them, they are one of the standout great new firms of 2024! Be sure to check out my Exclusive Deals Page for the latest The Futures Desk promo!


My Top Rated Funded Futures Programs

Other The Futures Desk Information

  • More articles coming soon!

Be Notified Of New Articles and New Deals on Funded Trader Evaluations

Submit your email if you want to be notified of new trader evaluation promotions. I never spam nor sell anything. Usually 2-3 emails a month are sent with the latest deals.


Risk Disclosure:

Futures and forex 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 jeopardizing ones’ financial security or life style. 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.

You can read more here: Risk Disclosure

Affiliate Disclosure:

The external links on my site and in my video descriptions to trader evaluation companies and software companies are primarily affiliate links. I earn a commission from these companies on any sale made from people visiting these links. That said, I only recommend companies and software I personally use and actually do recommend. Believe me, I turn down a lot of companies who approach me. You can read my full Affiliate Disclosure here.

Additional Disclosure:

The content provided is for informational purposes only. I do my best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and other can differ from what’s stated on our website. CanadianFuturesTrader.ca is an independent website. You should always consult the rules, faqs, knowledge base and support of any of the websites and companies we link to or talk about on our site. The information on their site will always be what ultimately dictates the current rules of their program, software or other. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. The contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.

The post Top 10 The Futures Desk Questions Answered appeared first on Canadian Futures Trader – Funded Futures Trading Program Information, Deals and Reviews.

How to watch Love Actually on Netflix

How to watch Love Actually on Netflix

Read More