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Prop firms Updates -2nd week of February 2024

We've collected for you the latest news from the most important prop firms in the industry , all in one place. Which makes it easier for traders to stay up-to-date on the latest developments and catch the updated information they need.


E8 Markets Revolutionizes Forex Trading: Customization Takes Center Stage

E8 Markets has introduced a trading experience that prioritizes customization, allowing traders to create an environment that aligns with their individuality. The platform allows customization of charts, layouts, and indicators, ensuring a trading environment that resonates with traders' personal styles. E8 Markets prioritizes security by partnering with trusted platforms and implementing robust measures to instill confidence in traders. Additionally, users can choose their preferred currency, breaking free from the limitations imposed by conventional platforms. This innovative approach to forex trading allows traders to navigate markets with confidence, knowing that their unique needs are at the heart of their trading experience. E8 Markets is a groundbreaking move that combines innovation and personalization, transforming forex trading into a canvas for individual expression.


The Funded Trader: Server Upgrade Enhances Stability and User Experience

The Funded Trader has recently upgraded its servers to improve stability and the user experience. The upgrade aims to reduce manual intervention during trading activities and improve dashboard capacity. The team is working to minimize EMR Breach notifications, which affect 2% of active traders. The Funded Trader is also reconciling their built system with the core system to ensure optimal performance. The 3-day payout period has caused frustration among traders, and the team is working to streamline account investigations. The platform is being enhanced with improvements to the dashboard and payout systems, and several projects are nearing completion. The Funded Trader is also integrating Rise and Plane into their payout process to expedite processing while maintaining accuracy. These improvements aim to enhance the platform's overall efficiency and reliability.


True Forex Funds Faces MetaTrader License Challenge: Innovations and Options Ahead

True Forex Funds is facing challenges due to potential MetaTrader license suspensions, which could restrict usage unless firms purchase their license and meet specific requirements. To address this, True Forex Funds has applied for a new MetaTrader license alongside their existing FX license, demonstrating their commitment to compliance and continuity. They have developed synchronization solutions using official Dynamic Link Libraries (DLLs) from MetaQuotes to enhance stability and streamline trading processes. A groundbreaking feature is in the works, allowing traders to automatically migrate their accounts to cTrader. True Forex Funds is also offering US clients the flexibility to explore alternative trading platforms beyond MetaTrader. The company is actively integrating a new platform, promising further enhancements and options for traders.


Fundednext Introduces News and Equity Manager: A Game Changer for Traders

Fundednext has introduced the News and Equity Manager, a revolutionary tool for traders. The News Manager alerts traders to significant market events, allowing them to make smarter decisions. The Equity Defender ensures secure trading by automatically closing positions when they reach the desired equity gain level, preventing account breaches. Fundednext believes the News and Equity Manager is a game changer, providing traders with unprecedented control and insight, allowing them to navigate markets confidently.


MyFundedFx to Restrict News Trading Amid Risk Concerns

MyFundedFx, a prominent financial trading platform, has announced significant changes to its trading policies to address risks associated with market volatility. The platform will implement new restrictions on news trading, excluding trades executed within a 2-minute window before and after major news releases from contributing to traders' profits. This measure aims to mitigate the impact of rapid price movements triggered by news announcements. Existing customers will have the option to continue news trading under the existing framework or adapt to the revised policy. MyFundedFx remains committed to promoting fair and transparent trading practices and aims to enhance risk management and protect traders' interests.


Lark Funding: Eightcap Ceases Services to Props, ThinkMarkets Steps In

Eightcap, a leading financial services provider, has announced its discontinuation of services to proprietary traders (props) effective February 29th. However, ThinkMarkets has stepped in to ensure a smooth transition. ThinkMarkets has reassured the trading community about its stability and its relationship with MetaQuotes. They are actively engaging in discussions with other brokerage firms to collaborate and offer enhanced options. Existing Eightcap traders have a two-week window to finalize the migration process, allowing them to continue their evaluation without interruption. ThinkMarkets will provide regular announcements and updates to keep traders informed.

Author : Prop Connect
Publish Date : 17 February 2024

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