MILTRADERS is a futures-only prop firm. Many traders coming from Forex or CFD backgrounds ask about the differences. Here is a quick overview:
Exchange-traded: Futures = Yes (CME, COMEX, NYMEX, CBOT) | Forex/CFD = OTC (broker-internal).
Counterparty: Futures = Centralized exchange (clearing house) | Forex/CFD = Your broker.
Pricing transparency: Futures = Public order book (Level 2) | Forex/CFD = Broker-set quotes.
Contract size: Futures = Standardized (Mini / Micro) | Forex/CFD = Variable (lot sizes).
Regulation: Futures = Heavily regulated (CFTC/NFA in US) | Forex/CFD = Varies by broker/jurisdiction.
Available on MILTRADERS: Futures = Yes | Forex/CFD = No.
Futures generally offer better transparency, deeper liquidity (on major instruments), and direct exchange execution. They are the standard for serious institutional and prop futures traders.