What Can You Trade on a Funded Futures Account? 7 Markets
Futures only, on four CME Group exchanges, across seven markets. Here is the full list, and where your CFD habits land.
On a Phoenix Trader Funding account you trade futures only, on CME, CBOT, COMEX and NYMEX, across seven markets: equity indices, FX, metals, agriculture, bonds, energy and crypto futures.
The published list runs to 50 contracts. Gold and the other metals are open across the board since Phoenix 3.0, including on accounts bought before it. Stocks, spot forex pairs and CFDs are not on the list.
On TFeed, the only feed Spark and Daily run on, Thor copies your trades in from a separate leader account and maps twelve symbols by default, so map any other contract in Thor before you trade it.
- Futures Only, on Four CME Group Exchanges
- Equity Indices and FX: The Familiar Ground
- Metals: Gold Is Open
- Energy and Agriculture: Crude, Gas and Grain
- Bonds and Crypto Futures
- Coming From CFDs: Where Each Name Lands
- Micros, and How Many Contracts You Can Hold
- On TFeed, Twelve Symbols Copy Without Setup
- What Is Not on the List
Futures prop trading looks narrow from the outside, and it is not. One Phoenix account reaches stock indices, currencies, gold, crude oil, grain, Treasuries and Bitcoin futures. This guide walks the list group by group, and shows where a familiar CFD or forex name lands on the futures side.
Futures Only, on Four CME Group Exchanges
A futures contract is a standardised agreement, traded on an exchange, to buy or sell a set quantity of a market at a future date. Phoenix accounts trade these contracts on four exchanges: CME, CBOT, COMEX and NYMEX, all part of CME Group.
Every contract has a short symbol. ES is the E-mini S&P 500 and GC is gold futures. The symbol is what you search for in your platform, and it is what the rest of this guide uses.
Equity Indices and FX: The Familiar Ground
If you trade CFDs, this is where you will feel at home, because the index and currency names you already watch are here as futures. The S&P 500, Nasdaq-100, Russell 2000 and Dow each come as an E-mini and a micro, the Nikkei is priced in dollars, and seven currencies are covered, with a micro on the euro.
| Market | Symbol | Micro version |
|---|---|---|
| S&P 500 | ES | MES |
| Nasdaq-100 | NQ | MNQ |
| Russell 2000 | RTY | M2K |
| Dow | YM | MYM |
| Nikkei in dollars | NKD | None listed |
| Euro | 6E | M6E |
| British pound | 6B | None listed |
| Japanese yen | 6J | None listed |
| Australian dollar | 6A | None listed |
| Canadian dollar | 6C | None listed |
| Swiss franc | 6S | None listed |
| New Zealand dollar | 6N | None listed |
A micro contract is a smaller version of a market's standard contract, built so a trader can take a smaller position in the same market. Four of the equity contracts and the euro have one.
Metals: Gold Is Open
Gold and the other metals are open across the board since Phoenix 3.0. The lift also reaches accounts bought before 3.0, because it relaxes a restriction rather than changing the deal those traders agreed to.
Gold trades in three sizes here: the standard contract, an E-mini and a micro. Silver comes as a standard and an E-mini, and copper, platinum and palladium complete the group.
| Contract | Symbol |
|---|---|
| Gold | GC |
| E-mini gold | QO |
| Micro gold | MGC |
| Silver | SI |
| E-mini silver | QI |
| Copper | HG |
| Platinum | PL |
| Palladium | PA |
Energy and Agriculture: Crude, Gas and Grain
Crude oil comes in three sizes here: CL, the E-mini QM and the micro MCL. Natural gas has an E-mini too, and heating oil and RBOB gasoline complete the energy side. Agriculture covers livestock, with lean hogs, live cattle and feeder cattle, and the grains and oilseeds: corn, wheat, soybeans, soybean meal and soybean oil.
| Group | Contract | Symbol |
|---|---|---|
| Energy | Crude oil | CL |
| Energy | Micro crude oil | MCL |
| Energy | E-mini crude oil | QM |
| Energy | Natural gas | NG |
| Energy | E-mini natural gas | QG |
| Energy | Heating oil | HO |
| Energy | RBOB gasoline | RB |
| Agriculture | Lean hogs | HE |
| Agriculture | Live cattle | LE |
| Agriculture | Feeder cattle | GF |
| Agriculture | Corn | ZC |
| Agriculture | Wheat | ZW |
| Agriculture | Soybeans | ZS |
| Agriculture | Soybean meal | ZM |
| Agriculture | Soybean oil | ZL |
Bonds and Crypto Futures
One rule applies to bonds: one-tick trading on bonds is prohibited on funded accounts. A tick is the smallest price move a contract can make. Apart from that rule, the bond contracts carry no market-specific restriction on the product list.
| Contract | Symbol |
|---|---|
| 2-year T-Note | ZT |
| 5-year T-Note | ZF |
| 10-year T-Note | ZN |
| U.S. Treasury Bond | ZB |
| Ultra Bond | UB |
| Micro 10-Year Yield | 10Y |
Crypto futures are CME futures contracts priced off Bitcoin and Ethereum. You trade the contract on a futures exchange, and you never hold the coin itself.
| Contract | Symbol |
|---|---|
| Bitcoin | BTC |
| Micro Bitcoin | MBT |
| Ethereum | ETH |
| Micro Ethereum | MET |
Coming From CFDs: Where Each Name Lands
Futures contracts trade on regulated exchanges, and each common CFD name has a futures counterpart. Phoenix keeps a page called From CFDs to Futures that maps them. The table below uses the same pairs, writes the yen pair the way CFD platforms quote it, and adds the size of one contract.
| CFD name | Futures contract | Symbol | What one contract is |
|---|---|---|---|
| US 500 | E-mini S&P 500 | ES | See CME spec |
| US Tech 100 | E-mini Nasdaq-100 | NQ | See CME spec |
| US 30 | E-mini Dow | YM | See CME spec |
| XAU/USD | Gold futures | GC | 100 troy ounces |
| USOIL | Crude oil | CL | 1,000 barrels |
| EUR/USD | Euro FX | 6E | 125,000 euros |
| USD/JPY | Japanese yen | 6J | 12,500,000 yen |
Contract sizes differ from the CFD you know. The last column gives what one contract is, from the CME Group contract specifications, and for the three index futures the point value sits on the CME specification page.
The yen row runs the other way round. CFD platforms quote the pair as USD/JPY, while 6J is priced in US dollars per yen, so a trader long USD/JPY on a CFD expresses the same view by selling 6J.
Micros, and How Many Contracts You Can Hold
Ten contracts on the list are micros, which is how a smaller account takes a smaller position.
- Equity indices: MES, MNQ, M2K and MYM
- FX: M6E, the micro euro
- Metals and energy: MGC for gold and MCL for crude oil
- Rates and crypto: 10Y, the micro 10-year yield, plus MBT and MET for Bitcoin and Ethereum
Each account also caps how many contracts you can hold at once, stated as a number of minis or micros. The cap depends on the account family and size, and the full table is in How Many Contracts Can You Trade on a Funded Account?
On TFeed, Twelve Symbols Copy Without Setup
TFeed is Phoenix's own execution feed. It carries no market data, so it needs a separate leader account that has the data, and Thor copies executions in from that account. Spark and Daily accounts exist only on TFeed.
Thor is Phoenix's own trade copier, and copying between your own accounts is allowed on every account type. On TFeed, one setting in Thor decides which contracts reach your Phoenix account.
Thor maps twelve symbols by default: ES, MES, NQ, MNQ, YM, MYM, RTY, M2K, CL, MCL, GC and MGC. For any other contract on the list, open your Thor copy, go to Edit Symbol Mapping, click Add Mapping, enter the symbol and save. Do it before you place the trade, because an unmapped trade is not copied retroactively.
What Is Not on the List
The list is futures and nothing else, so a few things you may be used to are simply not there.
- Stocks and ETFs
- Spot forex pairs and CFDs
- The coins themselves, since crypto appears only as CME futures
- Futures on exchanges other than CME, CBOT, COMEX and NYMEX
What can you trade on a funded futures account?
Futures only, on CME, CBOT, COMEX and NYMEX. The published list has 50 contracts across seven markets: equity indices, FX, metals, agriculture, bonds, energy and crypto futures.
Can I trade gold on a Phoenix funded account?
Yes. Gold is open across the board since Phoenix 3.0, and accounts bought before 3.0 can trade it as well. The symbol is GC, and the micro is MGC.
Can I trade forex pairs or stocks?
Not as spot pairs or shares. The list is futures only, so currencies come as CME FX futures such as 6E for the euro, and stock market exposure comes through index futures such as ES and NQ.
Can I trade Bitcoin?
Through CME crypto futures: Bitcoin and Micro Bitcoin, Ethereum and Micro Ethereum. You trade the futures contract and never hold the coin.
Which micro contracts can I trade?
Ten: MES, MNQ, M2K and MYM for equity indices, M6E for the euro, MGC for gold, MCL for crude oil, 10Y for the 10-year yield, and MBT and MET for Bitcoin and Ethereum.
Does Thor copy every contract?
On every TFeed account, Spark and Daily included, Thor maps twelve symbols by default. Add any other symbol under Edit Symbol Mapping before you place the trade, because an unmapped trade is not copied retroactively.
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