Should I start a forex, futures or crypto prop firm?

Quick answer

Choose the market your audience already trades and the one your technology and payment options support. Forex and CFD firms are the most common and need a CFD price feed and simulator. Futures firms need futures data and platforms. Crypto firms appeal to a narrower audience but often have easier payment options.

Detailed answer

Each market has a different set of practical constraints:

  • Forex and CFDs: the largest audience among retail challenge buyers, flexible instrument lists (currency pairs, gold, indices, oil), and many platform options. Regulators in some countries watch CFD marketing closely.
  • Futures: popular in the United States, with exchange data fees and usually a futures-specific platform. The rules often differ, for example trailing drawdown on end-of-day balance.
  • Crypto: around-the-clock markets, which affects daily loss resets and support coverage.

Many firms start with forex, metals and indices because one feed covers all of them. PropExecutor's default feed covers 28 major and cross currency pairs, several exotic pairs, gold, silver, oil, natural gas, major stock indices, Bitcoin and Ether, and each account type can be limited to the instruments you choose.

Questions to decide it

  • What do the traders you can reach already trade?
  • Which platforms and data can you afford for that market?
  • Which payment methods work for your target countries?
  • Which market's rules can you explain clearly?

Answering these usually points to one market. Starting with one and adding another later is easier than launching several at once.

PropExecutor team · Updated

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