👀 FTMO makes its move into futures

Hi everyone, another week is upon us and the markets are open, so let’s get into it.

One of the biggest names in prop trading has officially moved into futures, with FTMO launching FTMO Futures in beta last week.

They are offering two account types, Growth and Pro, with no consistency rules in the funded stage, no activation fees and support for Tradovate, NinjaTrader and TradingView.

Account sizes: $50K • $100K • $150K

Example: $50K Pro Details:

• Price: $139
• Profit Target: $3,000
• Drawdown: $3,000
• Daily Loss: $1,000
• Payout Cap: $5,000
• Consistency Score: 50% (evaluation only)
• Payout Eligibility: 5 days

Looks pretty good, with the main complaints seemingly being the tight Daily Loss and slightly higher price. Its going to be interesting to seeing how their futures offering evolves.

📢  Firm Announcements

• Tradeify launched its Slay Markets integration, allowing traders to route payouts directly into a personal trading account with no profit split, prop firm rules or daily drawdown.

• E8 Markets announced its own trading platform with Hyperliquid price feeds integrated directly into the platform.

• FundedNext Futures removed purchase limits on Challenges while keeping its $750K maximum allocation, with traders now able to hold up to five active funded accounts.

• My Funded Futures launched a new Rapid EOD 25K plan featuring daily payouts and end of day drawdown.

• FundedNext launched Stellar Instant, offering funded accounts from day one with no challenge phase, no profit target, no daily loss limit and payouts on demand.

From Payout Junction, here are the firms that paid out the most over the last 7 days 🏆️.

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🕜 Red Folder News

Here are this week’s red folder news events. Today is Labor Day in the United States, so US stock markets are closed, with futures on holiday trading hours. The rest of the week is pretty quiet, with the key event to watch being CPI inflation numbers on Friday.

Interest rates are back in focus after last week’s massive Nonfarm Payrolls beat increased the likelihood of the Fed raising rates this month. Trump responded by demanding rate cuts and threatening to stop trading with countries where the US runs a deficit if the Fed refuses.

📈 Markets

Sideways chop and uncertainty

Another flat, choppy week for the equity markets. The S&P 500 has essentially gone nowhere for the last four weeks. Sentiment is also not extreme in either direction and with a potential rate rise on the table next week, it’s hard to imagine a major breakout ahead of that.

Longer term buying opportunity

Interestingly, whilst the Nasdaq has been grinding sideways, its earnings multiple has been contracting as earnings continue to outpace price returns. The big AI names keep reporting huge earnings growth without prices keeping pace. Could be coiling for a longer term breakout when market sentiment turns bullish.

Hyperscalers expected to keep spending

AI expenditure is showing no signs of slowing down. The hyperscalers are reporting massive profits, but much of that money is being reinvested into AI infrastructure. Easy come, easy go. Amazon, Alphabet, Microsoft, Meta and Oracle are all expected to keep spending heavily into 2027.

Markets and the Midterms

US equities have historically traded sideways into the midterms. Over the past few decades, the S&P 500 has delivered a median return of 0% from the start of August through Election Day in midterm years.

The better part tends to come after the vote. As election uncertainty fades, the S&P 500 has historically returned a median 6% over the following three months.

Eight weeks to go and it’s following the script so far. Let’s see what this week has in store.

Gonna be interesting. Have a good one!

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