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Prop firms Updates -1st 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.

Alpha Capital Group: 4 Updates Coming This Month!

Alpha Capital Group, a leading proprietary trading firm, has announced four significant updates for its trading community in February. The first update is the removal of the Martingale rule, allowing traders to use Martingale trading strategies without limitations. The second update is the introduction of the cTrader Trading Platform, which will be announced on February 15th. The platform aims to provide a reliable interface, advanced market analysis tools, and robust risk management features for manual traders. The third update is the introduction of raw spread account options, which cater to traders' diverse styles and preferences. Starting February 5th, traders can choose the account type that best suits their needs. The fourth update is the introduction of micro lots, allowing traders to engage in assessments with as little as 0.01 lots on partner broker ACG Markets, providing greater granularity in trade sizes for both novice and experienced traders.


Goat Funded Trader: CEO Edward Unveils MTJ Back-Testing Program with Free Monthly Subscription

Goat Funded Trader is introducing the MTJ (Market Testing Junction) program. Designed for back-testing trading strategies, MTJ offers advanced algorithms, customisable parameters, scenario analysis, and automated optimization. CEO Edward Montgomery is offering an exciting incentive: an initial free monthly subscription for early adopters. Traders can sign up starting on February 15th to access MTJ’s powerful back-testing capabilities. Goat Funded Trader aims to democratise access to robust tools and empower traders worldwide.


E8 Funding Becomes E8 Markets: A Bold Leap into the Future

E8 Funding, a trailblazer in the world of trading, has transformed into E8 Markets. This rebrand signifies more than a name change—it represents a bold step towards a future filled with improved services, expanded opportunities, and a vibrant trading environment. E8 Markets aims to empower traders through customized evaluation programs, a hedge fund pursuit, an upgraded website, an advanced trading platform, and a revamped affiliate program. The company expresses gratitude to its supporters and looks forward to a year of breakthroughs and growth in the trading world.


For Traders: Vietnam Payment Option Discontinued

For Traders, a leading trading platform, has made an important decision affecting its Vietnamese users. Effective immediately, the option to purchase challenges from Vietnam is discontinued. The company cites obstacles with their current payment solution provider in the country as the reason for this change.

However, there’s good news for existing customers. Those currently participating in an active challenge or holding a funded For Traders account can continue without any disruptions. The platform remains committed to providing a seamless experience for traders, even amidst these adjustments.


True Forex Funds: Infrastructure Overhaul and Reopening Plans

True Forex Funds has partnered with a broker to enhance its trading infrastructure and ensure continuity of services. The company is adjusting synchronization and migration to ensure a stable and efficient trading environment. The reopening timeline depends on the successful implementation of the new infrastructure. The team is also preparing the CTrader platform for its revamped services, offering advanced features and a user-friendly interface. However, there are concerns related to MetaTrader accounts, which are currently out of synchronization, preventing any actions within the platform. True Forex Funds is hesitant to reopen exclusively with CTrader until these accounts are fully aligned. The firm is prioritizing stability and client satisfaction, and traders eagerly await the reopening and the firm's commitment to delivering a seamless trading experience in the near future.


Blue Guardian Prepares for Industry Shift: New Platforms and Long-Term Solutions

Blue Guardian, a prominent trading firm, has announced its strategic response to the FCC's directive to MetaQuotes, the company behind popular platforms like MetaTrader 4 and 5. The directive requires MetaQuotes to restrict US clients ability to maintain their platform's presence in app stores due to regulatory concerns and compliance requirements. Over the next few weeks and months, MetaQuotes will approach brokers and firms with substantial US client bases to enforce restrictions or revoke licenses. Blue Guardian has been proactive in anticipating these changes by rolling out three new platforms: cTrader, TradingView, and DX Trade. The company is also collaborating with broker options to ensure seamless onboarding onto MT4 and MT5 for existing clients. A long-term solution involves creating in-house MT5 servers for non-US clients, estimated to take 3–4 weeks. Blue Guardian remains committed to its community and will explore and implement strategic alternatives.


Author : Prop Connect
Publish Date : 10 February 2024

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