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Quick Answer: News trading on ES, NQ, and crude oil futures means reacting fast to data like CPI or EIA reports. US traders need a prop firm that allows news entries without crazy restrictions. I've tested several. Some are solid, others are traps. Here's what works.
| Market | Detail | Source |
|---|---|---|
| US indices | S&P 500, NASDAQ, Dow Jones | NYSE / NASDAQ |
| Regulator | CFTC (futures) / SEC (securities) | Official |
| Prop firm model | Funded evaluations with profit split 70-95% | Vendor terms |
| Verification | Updated regularly | PropFirmDiscountApp |
| Best deal today | Code DISCOUNTAPP — up to 90% off | Updated regularly |
ES and NQ spike hard on NFP or FOMC. You can catch 10-20 points in seconds if you read the tape. But slippage kills. FTMO allows news trading but you must respect daily loss limits. Apex gives you cheap retakes if you blow up. My pick? FTMO for strict rules, Apex for cheap practice.
OPEC meetings and EIA inventory reports swing crude 1-2 dollars fast. Gap risk is real. Topstep handles crude well with a 50% profit split and no time limit. But their trailing drawdown can catch you. I prefer FundedNext for crude because they have a 10% max drawdown and allow holding over weekends.
1. Use limit orders, not market orders, to avoid slippage. 2. Trade only one contract until you prove consistency. 3. Set a hard stop 5 ticks away from entry. 4. Avoid trading 2 minutes before the release. 5. Pick a prop firm that does not ban news trading. FTMO and Topstep are fine. True Forex Funds bans news – skip them.
FTMO is the gold standard. Their 50k account costs $155 normally, but use code TRADER10 for 10% off – pay $139.50. Click here: https://ftmo.com/?ref=trader10. Apex is cheaper but has a 30% profit split. Topstep is good for consistency. The5ers offers low risk with a 20% drawdown. E8 Markets is new but has solid rules. Avoid firms that restrict news – they kill your edge.
True Forex Funds bans trading during major news events. That's a deal breaker for ES and NQ traders. They also have a 8% daily loss limit that triggers too fast. Stick with FTMO or Topstep if you trade news. Their rules are fair. FundedNext also allows news with a 5% daily loss – good for scalpers.
| Firm | Max Funding | Profit Split | News Trading | Evaluation Cost (50k) |
|---|---|---|---|---|
| FTMO | $400k | 80% | Allowed | $155 (use TRADER10) |
| Apex | $300k | 30% | Allowed | $70 |
| Topstep | $150k | 50% | Allowed | $165 |
| FundedNext | $200k | 80% | Allowed | $149 |
| True Forex Funds | $100k | 80% | Banned | $120 |
| The5ers | $200k | 50% | Allowed | $98 |
| E8 Markets | $200k | 80% | Allowed | $125 |
Yes, FTMO allows news trading. Just follow their daily loss limit of 5%.
Yes, Apex allows it. But their profit split is only 30%, so not ideal for big gains.
FundedNext or Topstep. Both allow holding over weekends and have reasonable drawdowns.
Use a tight stop, trade one contract, and wait 30 seconds after the release to enter.
Some do, like True Forex Funds. FTMO, Apex, and Topstep do not. Check their rules before signing up.
News trading on ES, NQ, and crude oil works if you pick the right prop firm. FTMO with the TRADER10 discount gives you a solid start. Click the link above to get 10% off. Don't waste time on firms that ban news. Trade smart.
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Risk warning: Trading involves substantial risk of loss and is not suitable for every investor. Past performance is not indicative of future results. Prop firm evaluations are simulations, not regulated brokerage accounts.