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Prop firms Updates - 3rd 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.

MENA Funding will be having a web-based platform along with MT4

In a strategic move is designed to elevate their services, providing their traders with an alternative that is less dependent on Meta Quotes. MENA fUNDING is delighted to share the latest exciting news that they will soon introduce a web-based platform, DXTrade, in conjunction with MT4. The testing phase for this platform has already commenced and is expected to conclude within a month, paving the way for its official launch. Furthermore, they are actively testing an enhanced website, promising a smoother experience for all users, coupled with refinements to address current challenges.

FTMO introduces its new Premium Program 

FTMO has revealed its thrilling updates about their new program in a step they described as an elevating of the experience. They introduced their Premium Program taking personalization and exclusive offers to a whole new level, setting unprecedented standards in the Modern Prop Industry. This program includes a $400,000 FTMO Account with no Maximum Daily Loss limit and immediate payouts after just one day of trading! It's not a dream. The aspiring traders who eager to make huge profits will find this program very suitable.

MAVEN reveals the late changes in their trading rules  

Maven's traders have noticed some changes in pricing, rules, and overall vibe lately, which caused confusion so after working hard over the past few weeks to test different ideas and make improvements. MAVEN comes to a final decision.

So MAVEN decided to:

- Remove all trading style rules: News, layering, and not having stop losses are all now allowed. In addition to being more flexible on what they consider as gambling (with some exceptions).

- Reducing payout times: The standard plan will now have a 10-day cycle, and the pro plan will be on a 5-day cycle.

- Changes to profit and drawdown targets: they've lowered profit targets to 8%, and the drawdown has been adjusted accordingly.

- Pricing updates: their 5k accounts will remain at $40, and they're offering the 2k for $30 and the 10k for $75.

and if any trader has been kicked off his/her account in the past two weeks and feels it was unjust, they should submit a ticket and MAVEN will review their data and reconsider.

MAVEN aims these changes to provide their traders with a more flexible trading experience.

FundedNext updates its trading features

FundedNext has something big going on. They’ve introduced new features as the new quarter starts targeting the better trading experience of their traders. Here are the new features:

- Free Trial: Traders can now look at challenges they can explore on a free trial basis before agreeing to pay for them.

- Infinity Points: This will involve introducing a point-based reward system where the traders can earn points by performing tasks and unlock the discounts. Launching soon!

- FundedNext AI Assistant: Our NLP-based AI assistant in beta is on the way. It’ll make available instant support FAQs, FundedNext T&Cs, and the rest and these will go on improving.

- Trading on TradingView: The DEV Team of FundedNext is charting and executing in TradingView, all in one dashboard.

- Add-ons: The add-ons include additional challenges and benefits. The first of these goes live this/next week.

- Stellar 1 Step Challenge Modifications: Currently, the Stellar 1 Step Challenge is being improved to make it more trader-friendly.

- FundedNext Brand Promise: FundedNext’s brand promise to traders, which takes into account the ‘Dominos Pizza’ model. They will be published next week.

- Localization: In this quarter, they expanded the localization efforts such as translation content of the website, local language customer support, and region-specific social media content to interact with all traders in the world.

These are just some of the key elements from a ‘Product’ perspective. At the same time, they are improving their operational efficiency including all the processes after product purchase.

GLOW NODE is struggling with crypto

GLOW NODE disclosed that they have faced challenges with cryptocurrency transactions in recent weeks, leading to delays in payouts. due to restrictions forced by their bank on crypto purchases, which forced them to employ alternative methods that involve considerable paperwork for tax purposes. But now they're transitioning to a new payment provider, restoring their ability to process payouts as swiftly as before so they are able to offer SAME DAY payouts once again.

BULLS ROAD FUNDING added two new payout methods! 

BULLS ROAD FUNDING announced that they have two new available payout methods  

Now BRF's traders can receive their payouts via Paypal and Advcash alongside exciting crypto which makes it much easier and suits every trader.

Rocket21 adopts a new payment method

Aspiring to do quicker and more flexible transactions, Rocket 21 introduced Wise as their new Payments method.

Rocket21's traders started to receive their payouts via Wise from November 14, 2023

Author : Prop Connect
Publish Date : 18 November 2023

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