Quote from fanews:
The tax treatment is substantial if and ONLY if the trader is profitable. and trading as a professional.
Stocks is easier to make money than futures in my opinion whether it's daytrading or swingtrading.
with stocks you can invest in it
futures are a bad investment for the long term your are better off with ETF for investement or index fund than futures.
as for daytrading. futures and stocks are the same especially if you trade same index stocks...spy and ES is same intraday. same chart pattern.
only reason traders would trade ES is the tax treatment and more intaday leverage and don't need pattern day trading rule.
for US traders who want to daytrade stocks but don't have the 30,000 'admission fee', they would have to open an account with a 'unregulated' prop firms.
with futures, rarely do an FCM go under, more likely if an FCM does close another FCM takes over the customers account but not 'unregulated' prop firms. an unregulated prop firm can just close down and traders holding nothing. which is why for stock prop firms most don't have more than $5000 in the prop firms account. and some even lock the money for a year or have delays in paying you your profits and most are small 10 guy operations wheres as and futures FCM you are dealing with institutional regulated people with actual offices and thousands of customers.etc.