Glossary / Futures Contract

Futures Contract

Futures contract is a standardised, exchange-traded agreement to buy or sell an asset at a set price on a future date. The instrument futures prop firms build their evaluations and funded accounts around, distinct from the CFD model used elsewhere in the industry.

Because futures trade on regulated exchanges with standardised contract specs, futures prop firms typically sit closer to established platform providers like Rithmic or Tradovate than CFD firms do to their brokers, a structural difference worth understanding before comparing the two account types directly.