They’re two different worlds. They’re chalk and cheese. They’re the sublime and the ridiculous.
There are lots of threads and posts here, discussing the relative merits and demerits of each. Have a look around.
My own opinion is that the key difference between them, and the most important criterion to understand, relates to their own incentivisation after you’re funded. The forex/CFD ones aren’t actually funding you and don’t want to pay out much, as it’s their money you’re winning (the same as counterparty market-makers pretending to be “brokers”). The futures ones are your partner and want you to win, after you’re (genuinely) funded with a real account on a real exchange.
The only disadvantage of futures ones over CFD/forex ones that I know of is that the futures ones have to charge monthly because they have to pay the CME monthly for the data-feed they provide for you. So, overall, if you’re going to take a while to qualify (as many people do!) it’s likely to cost more at the outset. A partial answer to that issue are discounts and special offers.
Be aware that there are countless scammy, horrible CFD/forex ones (“Axi-select” and “Monavie” spring to mind!) and there’s even a pretty nasty futures one (“Apex”), too. Take care. Due diligence was never more due!
A careful read of these 5 posts can only help you -
