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Prop firms Updates - 3rd week of December 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 to Reward Clients with Free FTMO Challenge Card for Long-Term Profitability

The Prop Firm FTMO has revealed that it will compensate its customers who make steady long-term profits. In gratitude, they have chosen to provide a new FTMO loyalty reward: a free FTMO Challenge Card. This will allow customers to retake their FTMO Challenge once, even if they breached any trading objectives during the two-step evaluation process. Clients must meet the conditions of FTMO stable account balance growth of 10%" in order to be eligible for this incentive.


Goat Funded Trader (GFT) Increases Profit Split to 80% and Integrates Purple Trading

Goat Funded Trader (GFT) has declared that it will be raising its traders' profit split from 75% to 80%. Traders can now choose to wait a few more days (7, 14, or 30 depending on the option acquired) to receive the full 80% split, or they can request their first payout on demand for a 40/60 (client/firm) split. GFT will also integrate Purple Trading, a brand-new broker alternative, in the upcoming weeks.


The Funded Trader: New Dashboard Features, Refunds, and Payment Solution

The Funded Trader is in the process of developing a new dashboard with a number of additional features. Both dark mode and light mode settings will be available on the new interface, giving traders more customization possibilities. Further analysis per account will also be available on the new dashboard, providing traders with more information about their trading performance. Lastly, responsiveness enhancements will be incorporated into the new dashboard to guarantee traders can easily access the platform from any device.

In addition, they revealed that they will waive the 60-day restriction and reimburse any Malaysian and Vietnamese individuals who are entitled to a refund.

And they have also declared that, for the time being, they will be discontinuing their collaboration with Wise. They are, nevertheless, launching Plane, a brand-new, smooth payment option. This innovative payment network delivers hassle-free payroll across 240+ countries, including the US, and is tailored for contemporary companies. Payroll is made easier, local currencies are supported in more than 70 countries, and there are no additional costs. Before they move to Plane on December 27, 2023, transition manuals will be accessible on December 26, 2023. A crypto withdrawal will be used to settle impacted Wise payouts; affected parties will receive more information via email.


Rocket21 Pauses Partnership with Wise and Unveils New Payment Platform

Rocket21 has said that they will no longer be working with Wise. They are collaborating with them to establish the fit required for their rapid expansion. They have unveiled Plane as their newest international payment partner in the interim. Plane provides multi-currency transactions in more than 70 countries, direct bank transfers, and excellent start-up services in more than 240 countries.This new platform will improve their payment system.


Skilled Funded Traders Adds WISE as an Additional Payout Option

Within their Tradehub dashboard, Skilled Funded Traders has revealed that they are now providing WISE as an extra payout option. This implies that traders have more options and flexibility when it comes to getting their money, not simply in cryptocurrency. For their esteemed clients, Wise offers a safe and effective payout option that guarantees a flawless experience.


Glow Node Abandons Classic Plan and Offers Personalized Trading Objectives

Glow Node has disclosed significant modifications to their Classic Plan. To allow traders to once again have GIANT drawdown restrictions, the Classic Plan has been completely abandoned. In addition, they now provide a $200k account for as little as $400 and have pre-selected Easy, Medium, and Hard objectives. Depending on how they trade, traders can fully personalize their task. As an extra, they can even include weekly dividends and a 90% profit split.


FundedNext Launches Infinity Points to Reward Traders with Amazing Gifts

FundedNext Infinity Points are a brand-new feature that they have announced. Traders will have the chance to unlock amazing gifts as they accrue points. These benefits can include coupons, bonuses, and a host of other fascinating extras. As their points increase, traders can advance to new badge levels. These badges highlight top accomplishments and represent a trader's growth. The badge level of each trader will always be visible, showcasing their skill in trading 

Author : Prop Connect
Publish Date : 23 December 2023

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