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Prop firms Updates - 3rd week of October 2023

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.

Forex Capital Funds System Upgrade, Transition from EightCap to ThinkMarkets


Forex Capital Funds are excited to announce they're currently undergoing a system upgrade to improve their services and provide you with an even better experience. However, Forex Capital Funds understand that significant changes can sometimes bring unforeseen challenges.

Things to expect during this period:

-Account Issuance: New account creation may experience delays as we work to ensure the upgrade's successful implementation. If you have recently applied for a new account or referred someone to their platform, they ask for your patience as we process your requests once the upgrade is finalized.

-KYC Procedures: If you are in the process of completing your KYC requirements, Forex Capital Funds anticipate that the verification process might take longer than usual. Please rest assured they are committed to expediting this process while maintaining their stringent compliance standards.

-Payouts: Withdrawals and payouts may experience delays during this time. Forex Capital Funds understand the importance of timely payouts and assure you they are doing everything in their power to minimize these disruptions. Forex Capital Funds appreciate your understanding and patience as they work to ensure the safety and integrity of all financial transactions.

Forex Capital Funds, has also announced that it is temporarily pausing all trading accounts due to a request from its broker, Eightcap.

Eightcap prohibits prop firms from mentioning specific trading platforms, such as MetaTrader 4 (MT4), on their websites. During a random check of Forex Capital Funds' online content, Eightcap noticed that MT4 was mentioned in the FAQ section. As a result, Eightcap set all Forex Capital Funds trading accounts into "read-only" mode.

Forex Capital Funds is currently working on a new platform, dashboard, and website that will provide traders with an even better and more advanced trading experience. The company is in the process of finalizing the last aspects of this project and aims to bring traders a state-of-the-art trading platform that meets and exceeds traders expectations.

While this transition is underway, Forex Capital Funds assures traders that their active accounts will be preserved, and once the company completes its transition to ThinkMarkets, traders will be able to continue trading seamlessly on the new platform.


Blue Guardian Removes Indices Commission

Blue Guardian, has announced the removal of its indices commission. This is great news for traders, as it will save them money and make it easier for them to be profitable.

The decision to remove the indices commission was made in response to feedback from traders. Blue Guardian is committed to listening to its customers and making their experience as good as possible.

The removal of the indices commission is a significant benefit for traders. It means that they will be able to keep more of their profits. This can make a big difference over time, and it can help traders to achieve their financial goals faster.

Blue Guardian's commitment to its customers is evident in its decision to remove the indices commission. This is a great example of how Blue Guardian is always looking for ways to improve its services and make them more attractive to traders.


My Funded Fx Announces New Payout Options

My Funded Fx committed to providing its traders with the best possible experience, has made a change to its payout processing.

Moving forward, the payout options for My Funded Fx traders will be crypto and Rise. Rise is a platform that allows users to withdraw directly to their bank accounts in a quicker manner.

For US traders, due to tax legal and compliance requirements, they will be required to withdraw through Rise. Everyone else will have the choice, except for the countries not supported by Rise.


Payouts via Rise began on October 19th!

This is great news for My Funded Fx traders, as it gives them more flexibility and control over their payouts. It also means that they will be able to receive their payouts more quickly.


TopTier Experiencing Delay in Issuing Challenge Account Credentials

TopTier, is currently experiencing a delay in issuing challenge account credentials due to load-related stability issues. The TopTier team is actively working to resolve the matter, and they expect it to be sorted out soon.

If you have applied for a challenge account and have not yet received your credentials, please be patient. TopTier will issue your credentials as soon as the issue is resolved.

TopTier understands that this delay can be frustrating, and they apologize for any inconvenience it may cause. They appreciate your understanding and continued support as they work diligently to provide you with the best experience. Your success remains their priority.


True Forex Funds Adds New Withdrawal Method

True Forex Funds, is excited to announce the addition of a new withdrawal method called Advcash. Advcash is a versatile payment system that allows traders to withdraw their funds in a variety of ways, including bank transfer, VISA/MC, Advcash Card, and even crypto. Traders can also withdraw cash from ATMs with an Advcash plastic card.

Payments to Advcash accounts are instant after True Forex Funds processes them. True Forex Funds guarantee that traders will receive their payout within 24 hours. However, please note that in the case of bank transfers, the delivery time does not depend on True Forex Funds, and it can be difficult to manage incorrectly entered bank transfer details or bank accounts that cannot accept dollars. As a result, after many days, transfers may be reverted to True Forex Funds and must be managed on their side, which could extend the guaranteed payout time.

Please be sure to have a registered Advcash account before requesting a payout from True Forex Funds. The only required information to receive your payout is your Advcash email address.

True Forex Funds is disabling direct bank transfers on their side because they believe that traders will have a smoother experience getting their bank transfer through Advcash. However, True Forex Funds will keep bank transfers enabled for their US customers only, as they are not allowed to register for Advcash.

True Forex Funds is also working on adding even more withdrawal options in the near future. Stay tuned for more details!


Lark Funding New Features and Updates

1-Surrender Account Feature

Lark Funding's Surrender Account feature is one of the most unique in the industry. On Lark Funding's 3-Stage Program, you can surrender your account and receive a 75% discount code. That means you can try again without having to pay full price.


2-Weekly Payouts

Lark Funding is also offering 2-weekly payouts on its 3-Stage Program. This is great news for traders who need to access their earnings quickly.


3-ThinkMarkets Integration

Lark Funding is working on their ThinkMarkets integration completed soon. This will give traders the option to choose between Eightcap and Thinkmarkets when opening an account. Lark Funding will also be offering swap-free accounts with ThinkMarkets.

Lark Funding is committed to providing its traders with the best possible experience. These new features and updates are just a few more ways that Lark Funding is setting itself apart from other prop firms.

Author : Prop Connect
Publish Date : 21 October 2023

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