Emicro futures’ success will depend on the level of adoption.
There are already Emicro currency futures and they did not get the level of attention of their big brother contracts : less liquidity, worse spread, higher commissions ratio against notional value ...all of these adding up being detrimental to the trading results, making your day harder to extract a financial edge.
Emicros could blow the CFD-forex industry from their aspects ...but we’re not there (far, even)... just like LMAX had the aspects to revolutionize the industry but it did not take it over. Because the target crowds did not concentrate at these right places. The adoption is still sparse. Alas, it’s only worth when all kind of participants massively flood a marketplace. Until then, there’s little point to be alone at the party, especially when the few competitors being sharks or pros and the retails dominantly absent.
Anyway, considering Emicros is nice ....but it shouldn’t shadow the rest of the quality of the offer. I’m praying for Darwinex to work out on very low intraday margins, to make the bigger contracts (which are really the niche of futures) more accessible to the large number. Take exemple at the american future brokers : AMP trading, NinjaTrader, Velocity futures, Deep Discount Trading, Tradovate, etc (a lot more so than Degiro or InteractiveBrokers which are totally conservative regarding risk). Match the intraday margins of these brokers please... they’re on par with the leverage offered by the professional status of CFD-forex and that’s how it should be (it’s not a talk about leverage vs AuM, but a matter of making accessible instruments that are not otherwise)
If you can’t match the low intraday margins due to the gap with overnight margins because of the Darwins handling, please consider to offer special lower intraday margins for those who do not care about the Darwins aspect of trading... 1 margin plan for those who run Darwins, 1 margin plan for those who don’t care (with some money and some leverage, keeping 100% of the profits can be >= as interesting as managing AuMs under-leveraged and keeping 20%, this is a fact from calculus)
There are some very good futures brokers already (regarding agressive costs, access and tools) . Some I could easily qualify as dream like. So it will be hard to convince a transition towards Darwinex if the same standards are not met, or really close, due to the Darwin effect alone.