We've collected the latest news from the best prop firms in the industry, all in one place. This makes it easy for traders to stay up-to-date on the latest developments and find the information they need.

CFTC Rules Against MyForexFunds, Orders $151M in Disgorgement

In a major blow to the evaluation firm industry, the Commodity Futures Trading Commission (CFTC) has ordered MyForexFunds (MFF) to pay $151 million in disgorgement. The CFTC found that MFF had engaged in a number of fraudulent practices, including misleading statements, adjusted individualized trading conditions, and operating a Ponzi scheme.

The CFTC's ruling is a significant victory for retail traders, who have long been critical of evaluation firms. Many retail traders believe that evaluation firms are predatory and that they prey on inexperienced traders.

The CFTC's ruling should serve as a wake-up call to all evaluation firms. It is clear that the CFTC is taking a close look at this industry and that it will not tolerate fraudulent behavior.

- Implications for the Evaluation Firm Industry

The CFTC's ruling against MFF could have a significant impact on the evaluation firm industry. It is possible that other evaluation firms will be forced to shut down or change their business practices. It is also possible that the CFTC will increase its scrutiny of the evaluation firm industry.

- Advice for Retail Traders

Retail traders should be wary of doing business with evaluation firms. Evaluation firms are not regulated by the CFTC, and they are not required to disclose important information about their businesses. Retail traders should carefully research any evaluation firm before doing business with it.

- Retail Traders Must Accept Responsibility

It is important for retail traders to accept responsibility for their own trading losses. Retail traders should not blame evaluation firms for their own failures. Retail traders should focus on becoming better traders and on developing their own trading strategies.

- New and Improved Chapter of Eval & Data Firms

The CFTC's ruling against MFF is an opportunity for the evaluation firm industry to start a new and improved chapter. Evaluation firms should focus on providing valuable services to their customers and on building trust with retail traders.

- All Underfunded Trader Problems Are Solved by Becoming Great at Trading

Ultimately, the best way for retail traders to avoid being taken advantage of by evaluation firms is to become great at trading. Retail traders should focus on developing their trading skills and on becoming profitable traders.

FTMO Partners with DXtrade to Offer Traders More Choices

FTMO announce its new partnership with DXtrade, a leading online trading platform. This partnership gives FTMO traders more choices when it comes to choosing a trading platform.

DXtrade is a web-based platform that offers lightning-fast execution, real-time analysis, and a wide range of tools and charts to help traders make informed decisions. It is also tailored to all traders, from beginners to experienced professionals.

With the addition of DXtrade, FTMO traders can now choose between four different trading platforms: MetaTrader 4, MetaTrader 5, cTrader, and DXtrade. This gives traders the flexibility to choose a platform that best suits their trading style and needs.

"We are thrilled to partner with DXtrade and offer our traders more choices when it comes to choosing a trading platform," said FTMO CEO Zdeněk Hádek. "DXtrade is a leading platform that offers a variety of features and benefits that will benefit our traders."

Here are some of the benefits of trading with DXtrade:

- Lightning-fast execution

- Real-time analysis

- Wide range of tools and charts

- Tailored to all traders, from beginners to experienced professionals

Web-based platform

How to choose DXtrade as your trading platform?

When you are signing up for a FTMO account, simply select DXtrade as your trading platform. Once you have completed the sign-up process, you will be able to fund your account and start trading immediately.

FTMO Announces Changes to Server Time Due to Daylight Saving Time in Europe

FTMO is pleased to announce that it will be adjusting its server time to CET – GMT+1 on Sunday, 5 November 2023, due to the end of Daylight Saving Time in Europe.

What does this mean for FTMO traders?

- From 29 October to 5 November, there will be a two-hour difference between the FTMO server time and the time displayed in your Client Area.

- Your Max Daily Loss will continue to be calculated based on Prague time CE(S)T until 5 November, after which it will be calculated based on CET – GMT+1.

- The opening and closing times for EU Shares will be shifted one hour ahead to 11:00 am – 7:30 pm GMT+3.

How to prepare for the server time adjustment?

- Please adjust your trading schedule accordingly to account for the two-hour difference between the server time and the time displayed in your Client Area from 29 October to 5 November.

- If you have any open trades on EU Shares, please close them before the market closes on Friday, 28 October at 10:00 pm GMT+3.

- Please update your risk management settings to reflect the new Max Daily Loss calculation based on CET – GMT+1 after 5 November.

FTMO Schedules Maintenance for MT4 Server 3 and MT5 Server 2

FTMO is pleased to announce that it will be performing scheduled maintenance on MT4 Server 3 and MT5 Server 2 on Sunday, 5 November 2023, from 1:00 pm to 3:00 pm (GMT+2). During this time, trading will be unavailable on these servers.

Please note that:

- Trading on other FTMO servers will not be affected by this maintenance.

- cTrader has different trading hours during the weekend, so please be sure to manage your trades accordingly.

How to prepare for the maintenance:

- Please close all open trades on MT4 Server 3 and MT5 Server 2 before 1:00 pm GMT+2 on Sunday, 5 November 2023.

- If you have any pending orders on MT4 Server 3 and MT5 Server 2, please cancel them before 1:00 pm GMT+2 on Sunday, 5 November 2023.

- Please be patient and allow some time for trading to resume after the maintenance is completed.

The Funded Trader Discontinues Services in Vietnam and Malaysia

In an important announcement, The Funded Trader (TFT) announced that it will be discontinuing its services to traders in Vietnam and Malaysia, effective today. This decision was made after careful consideration of all variables, including the impact on traders and affiliate partners in these countries.

TFT has been providing its challenges to traders in Vietnam and Malaysia for over 2.5 years, and appreciates the support of traders in these countries. TFT will be providing proper guidance to all affected traders throughout this change, and will refund all traders in active challenges and allow TFT Funded Traders in profit to request their withdrawals as normal.

TFT is committed to optimizing its internal operations so that it can reconsider this decision in the future. However, for now, TFT will focus on supporting its eligible traders in other countries.

TFT's success is built on a foundation of tough decisions, always centered around building the best possible community. This decision is no different, and TFT is confident that it is the best way to support its traders and continue to grow.

What does this mean for affected traders?

All traders in challenge accounts and funded accounts, located in Vietnam and Malaysia will be refunded. TFT Funded Traders in profit will be able to request their withdrawals as normal.

Email communications will go out to all affected traders to provide more information on when they will be receiving their refunds and payouts.

What does this mean for affiliate partners?

Affiliate partners located in Vietnam and Malaysia will also be affected by this change. TFT will be working with these partners to ensure that they are compensated for any lost commissions.

Why is TFT making this decision?

TFT has not disclosed the specific reasons for discontinuing its services in Vietnam and Malaysia. However, it is likely due to a combination of factors, such as regulatory compliance, risk management, and operational efficiency.

What does this mean for the future of TFT?

TFT is committed to optimizing its internal operations so that it can reconsider this decision in the future. However, for now, TFT will focus on supporting its eligible traders in other countries.

TFT is confident that this decision is the best way to support its traders and continue to grow.

E8 Funding Now Accepts Crypto for Evaluation Payments

E8 Funding, a proprietary trading firm, is now accepting cryptocurrencies for evaluation payments. This means that traders can pay for the opportunity to trade with E8's funded accounts using crypto, and they can get funded after passing only the first phase of the evaluation process.

This new payment option is a great way for traders to avoid the fees associated with traditional payment methods, such as wire transfers and credit cards. It is also a good option for traders who want to maintain their privacy.

To pay for an evaluation with crypto, traders simply need to use Coinbase. They can use a Binance or any other crypto wallet to pay, even if they do not have a Coinbase account.

Once a trader has paid their evaluation fee in crypto and passed the first phase of the evaluation process, they will be funded with a trading account. They can then start trading and earning profits.

E8 Funding is offering a 20% discount on evaluation fees for traders who pay with crypto. This discount is available for a limited time only.

Here is a summary of the benefits of paying for an E8 Funding evaluation with crypto:

- Avoid fees associated with traditional payment methods

- Maintain your privacy

- Get funded after passing only the first phase of the evaluation process

- Receive a 20% discount on your evaluation fee

How to pay for an E8 Funding evaluation with crypto:

- Use Coinbase to pay

- You can use a Binance or any other crypto wallet to pay, even if you do not have a Coinbase account

- Once your payment is processed, you will be able to start the evaluation process

E8 Funding Trading Servers to Undergo Time Adjustment

E8 Funding is pleased to inform you that our trading servers will undergo a time adjustment on Sunday, November 5th, 2023, due to the United States transitioning out of Daylight Saving Time. As a result, our server time will shift from GMT+3 to GMT+2.

Important to note:

- The MetaTrader platform time (GMT+3) will remain unchanged until Sunday, November 5th.

- During this transition period, there will be a one-hour time difference.

This shift to GMT+2 may have an impact on your Expert Advisors (EAs). It is recommended to make adjustments to the time settings before October 29th.

Steps to take:

-Review your EAs and make necessary time adjustments.

-Be aware of the one-hour time difference between the E8 Funding server time and the MetaTrader platform time during the transition period.

FX2 Funding Launches Industry's Fastest Program for Traders to Scale Up Earnings

FX2 Funding, is to launch its new program for approved live traders to scale up their earnings. This program is the fastest in the industry and offers traders the opportunity to unlock more resources as they demonstrate their trading mastery.

How the program works:

- Once you are an approved live trader with FX2 Funding, you can start making profits.

- As you make profits, you can withdraw a percentage of your profits (up to 85%).

- Every time you make 10% in profits, FX2 Funding will increase your original account size by 10%.

Blue Guardian Launches New Inactivity Reminder Feature

Blue Guardian, a proprietary trading firm, is pleased to announce the launch of its new inactivity reminder feature. This new feature will send traders a reminder email five days before their 30-day inactivity period expires. This will help traders to ensure that their accounts remain active and that they do not accidentally breach the inactivity rule.

The inactivity rule now applies from the moment a trader's account is created and sent to them by email. Failure to place at least one trade per 30 days will result in a hard breach of the account.

Why is this important?

It is important to maintain access to your trading account in order to continue trading and earning profits. If your account becomes inactive, you may not be able to access it and you may lose out on potential profits.

How does the new inactivity reminder feature work?

Five days before your 30-day inactivity period expires, you will receive a reminder email from Blue Guardian. This email will remind you to place at least one trade in order to keep your account active.

What should I do if I receive an inactivity reminder email?

If you receive an inactivity reminder email, simply place at least one trade within the next five days to keep your account active.

Blue Guardian Partners with Purple Trading

Blue Guardian announced that it has partnered with Purple Trading, a leading online forex and CFD broker. This partnership means that Blue Guardian traders can now choose Purple Trading as their broker option at checkout.

Purple Trading offers a wide range of trading instruments, including forex, CFDs, stocks, and indices. It also offers competitive spreads and commissions, as well as a variety of account types to suit different trading needs.

Blue Guardian is committed to providing its traders with the best possible trading experience, and this partnership with Purple Trading is a further step towards that goal.

Benefits of trading with Purple Trading:

- Wide range of trading instruments

- Competitive spreads and commissions

- Variety of account type

- Advanced trading platfor

- Excellent customer support

How to choose Purple Trading as your broker option at checkout?

When you are signing up for a Blue Guardian account, simply select Purple Trading as your broker option at checkout. Once you have completed the sign-up process, you will be able to fund your account and start trading immediately.