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Prop firms Updates - 2nd week of November 2023

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.

FTMO and Quantlane Merge to Create a Powerful Force in Prop Trading


In a significant move that will further strengthen their position in the prop trading industry, FTMO, the world's most reliable modern prop trading firm, has acquired Quantlane, a traditional proprietary trading firm with a strong track record of success. The merger was finalized in June 2023, and the two entities are now operating harmoniously under one roof.


The merger is expected to bring a wealth of benefits to FTMO Traders, including:


Expanded access to liquidity and trading opportunities


Combined expertise of FTMO's innovative platform and Quantlane's experienced traders


A more supportive and collaborative trading environment


"We are excited to welcome Quantlane to the FTMO family," said FTMO CEO Otakar Suffner. "This merger is a testament to our commitment to providing our traders with the best possible trading experience. We are confident that this partnership will create a powerful force in the prop trading industry."


Quantlane Co-Founder Tomas Trampota added, "We are thrilled to join forces with FTMO. We believe that this merger will create a new level of opportunity and success for our traders."


FTMO and Quantlane are committed to providing their traders with the tools, resources, and support they need to succeed in the dynamic world of forex trading. The merger marks a new chapter for both companies, and they are excited to see what the future holds.



E8Funding Unveils Enhanced Trading Dashboard with Powerful Features


E8Funding, announce the launch of its revamped trading dashboard, packed with new features designed to empower traders of all levels to make informed decisions.


The new E8Funding dashboard boasts a host of innovative features, including:


-A Leaderboard showcasing the most successful E8 traders, highlighting their highest withdrawals, fastest passing times, and risk-to-reward ratios. This feature enables traders to benchmark their performance and learn from the best in the industry.


-A Comprehensive Account Overview providing traders with real-time insights into their trading progress, including both evaluation and funded accounts. This feature allows traders to track their performance, identify areas for improvement, and stay motivated.


-A Dedicated Funding Center offering centralized access to all agreements, withdrawals, and certificates related to E8Funding accounts. This feature streamlines the process of managing funding information and ensures transparency.


-An Extensive Instruments Section detailing all tradable instruments on the E8Funding platform, along with in-depth information about each instrument's specifications. This feature empowers traders to make informed trading decisions based on their risk tolerance and trading strategies.


-A Real-time News Feed keeping traders abreast of the latest global news events that could impact their trading strategies. This feature ensures that traders remain informed and adaptable in the dynamic world of finance.


-An Economic Calendar providing timely coverage of all major financial events and indicators, allowing traders to anticipate potential market movements and make informed trading decisions. This feature empowers traders to capitalize on market opportunities and mitigate risks.


E8Funding remains dedicated to fostering a supportive and collaborative trading environment where traders can thrive and achieve their financial aspirations. The company's commitment to innovation and continuous improvement is evident in the launch of its new trading dashboard, a powerful tool that empowers traders to make informed decisions and navigate the dynamic world of forex trading with confidence.



Alpha Capital Group Enhances Trading Experience with Seamless MT5 Integration and Upcoming cTrader Support


Alpha Capital Group, announce the launch of its new MT5 integration feature, enabling traders to seamlessly log into their MT5 accounts and engage in trading directly from their personalized traders' portal within the company's user-friendly dashboard. This enhancement marks a significant step towards providing traders with a more streamlined and efficient trading experience.


In addition to MT5 integration, Alpha Capital Group is also actively working on incorporating cTrader support into its traders' room. This integration will further expand the trading platform options available to traders, offering them the flexibility to choose the platform that best suits their individual needs and preferences.


Furthermore, Alpha Capital Group is committed to providing its traders with the convenience of mobile trading. The company is currently developing a mobile trading app for both Android and Apple devices, scheduled for launch in the coming year. This app will provide traders with the ability to access their accounts, manage their positions, and execute trades anytime, anywhere.



Lark Funding Update to 2-Stage Evaluation Accounts


Lark Funding, announce a significant change to its 2-Stage Evaluation program. Effective immediately, the trailing drawdown requirement for the 2-Stage Evaluation will be removed.


This change is designed to make it even easier for aspiring traders to secure funded accounts with Lark Funding. With the elimination of trailing drawdown, traders will only need to focus on achieving the 8% Phase-1 Target and maintaining a 10% Max Static Drawdown.


Lark Funding as a global prop trading firm they also announced they welcomes traders from Vietnam and Pakistan.



My Flash Funding Introduces More Frequent Payouts for All Traders


My Flash Funding, is pleased to announce an exciting update for its traders: all accounts will now be eligible for payouts every 14 days. This change applies to all past, present, and future accounts.


This update is a testament to My Flash Funding's commitment to providing its traders with the flexibility and convenience they need to succeed in the world of forex trading. With more frequent payouts, traders can now access their earnings more regularly, allowing them to reinvest in their trading strategies or withdraw funds as needed.



MyFundedFX Introduces New Account Inactivity Policy


MyFundedFX, did an update to its account inactivity policy. As of November 7th, 2023, all MyFundedFX accounts must be logged into at least once every 28 days to remain active.


This new policy is designed to ensure that MyFundedFX accounts are being used actively and that traders are engaged with their trading strategies. By requiring regular logins, MyFundedFX aims to maintain the integrity of its platform and foster a community of active traders.



Forex Capital Funds Announces Highly Anticipated Launch of New Platform


Forex Capital Funds, is thrilled to announce the imminent completion of its highly anticipated new platform. After months of meticulous development and rigorous testing, the platform is poised to launch on Monday, November 20th, 2023.



The Funded Engineer Partners with Rise for Enhanced Payout Processing


The Funded Engineer did a new partnership with Rise, a global payment platform, to streamline and enhance the payout process for its traders. This partnership will ensure that The Funded Engineer's valued traders have faster, more convenient access to their hard-earned profits.



Funded Pips New Trading Rules


Funded Pips announced a significant change to its trading rules. Effective immediately, the following strategies will be permitted on Funded Pips accounts:


-Stop loss rule: Traders will no longer be required to place stop loss orders on their trades.


-Layering strategy: Traders will be able to layer trades on top of each other in an attempt to average down their cost of entry.


-Martingale strategy: Traders will be able to double their position size after each losing trade in an attempt to recoup their losses.


-Grinding strategy: Traders will be allowed to make a large number of small trades in an attempt to slowly accumulate profits.



Author : Prop Connect
Publish Date : 11 November 2023

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