Frequently Asked Questions
Everything you need to know about futures trading with NeXira
What is a Futures Contact?▼
A futures contract represents a standarised amount of an underlying asset. For example one E-mini S&P500 futures contract (ES) represemts $50 times the index price, while one crude oil (CL) contract represents 1000 barrels of oil.
What makes futures different from CFDs?▼
Futures are exchange-traded contracts with transparent pricing and centralized clearing. Unlike CFDs where the broker is your counterparty, futures provide direct market access with standardized contracts and no spread markups.
How do the phases work?▼
Phase 1 begins once you purchase an account. Once you hit your profit target; while maintaining a 25% consistency, you will be able to request a payout and then advance to the next Phase. At each new phase your account will begin with a fresh starting balance.
When do I get the payout for each Phase?▼
Once you complete a Phase and meet the 25% consistency rule you will be eligable to make a request for that Phases payout. You will not be able to advance to the next Phase until the payout is requested and completed.
What is the Consistency Requirements?▼
We have a Consistency Requirement to ensure trades are not hitting profit targets through a few lucky trades. This promotes consistent behaviour and punishes YOLO style trading. The calculation is (Best trading day PnL/Total PnL)/100. A lower value means profits are generated more consistently accross multiple trading days. A higher value means profits are concentrated on fewer trading days. For example a consistenty score of 25% means you cannot achieve your entire profit target in less than 4 days.
How do futures contracts work?▼
Futures contracts are standardized agreements to buy or sell an asset at a predetermined price on a specific future date. They are exchange-traded, meaning all trades happen through a centralized marketplace with transparent pricing and regulated clearing houses that guarantee contract performance.
What are the advantages of exchange-traded futures?▼
Exchange-traded futures offer several key advantages: transparent pricing with visible order books, deep liquidity from institutional participants, standardized contract specifications, no broker conflicts of interest, nearly 24-hour trading, and professional-grade tools and market data. You trade the actual market, not a derivative created by your broker.
Do I lose my account if I do not meet the Consistency Requirement?▼
No, but in order to complete a phase and be entitled to revieve the payout, you will need to achive both the profit target and consistency requirement.
Can I use my existing trading experience with futures?▼
Yes. If you have experience with CFD trading, many of your skills will transfer to futures trading. However, futures platforms offer additional professional tools like depth of market (DOM) trading, advanced order types, and institutional-level analytics. We'll provide comprehensive training to help you make the transition successfully.
Is there a daily loss limit?▼
There is no specific daily loss limit, but traders must always stay within the Max Trailing loss.
Can I reset my account if I lose?▼
No. You need to purchase a new account if you breach it for any reason.
Can I hold positions over the weekend?▼
No. All positions must be closed and all open orders cancelled at 1510 CST each weekday.
What are the Market Data Fees?▼
Market Data Fees cover the cost of accessing the real-time price data from the exchanges. These fees are included in your purchase price during Phase 1 through 4. Once you reach the Live Funded Futures phase, any applicable market data or platform fees will be deducted from your account balance on a monthly basis.
What is the 60 day Maximum Time rule?▼
Each Phase (1-4) has a maximum time limit of 60 calendar days. This means you musy meet all of the requirements for a given phase within 60 days of starting that phase. If you do not complete a phase within 60 day window, your account will be deactivated, regardless if your progress or profit level at that point. You will need to purchase a new futures plan to continue. The timer begins on the day your place your first trade and continues uninterrupted. There is no extension or pauses.
Is there a breach for inactivity in Phase 1-4?▼
For Phase 1-4, you must place an executed trade once every 14 days to retain the account.
Is there a breach for inactivity in the Funded Account?▼
If you reach the funded account level, you must place an executed trade once every 7 days to retain the account.
Can I pause the inactivity timer at any account Phase?▼
No, unfortunatley we cannot pause the inactivity timer at any account phase.
Do we manipulate the pricing or execution you recieve in your Funded Futures accounts?▼
No, we operate at arms lengths with the liquitity providers/exchanges. All market pricing and trade executions are provided by third parties and are not changed or modified by us. Additionally we do not markup transaction costs established through adjusting bid-offer spreads, market/markdowns, commission charges or swaps.
What is the minimum age I must be to be part of your program?▼
You must be at least 18 years of age, or the applicable minimum legal age in your country, to purchae and funded futures account.
If I have a breach in my Live Funded Account and tehre are gains in the account, do I forfeit these gains?▼
If you have gains in your Live Funded Account (phase 5) account at the time of a breach, you wil still recieve your portion of those gains.
How do I withdraw my Payout once I complete each Phase?▼
If you achive the profit traget for your current phase and meet the consistency requirements, you will be eligible to request that phases payout. This payout must be completed before your account is upgraded to the next phase.
Still have questions?
Full list of FAQ and rules can be found in the dashboard section when you login to your account.