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Prop firms Updates - 3rd week of September 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.

The Forex Expo Dubai is a great opportunity for traders to learn about the latest trends in the forex market and to network with other traders and industry professionals. The event is also a good opportunity for forex brokers and prop firms to promote their products and services to potential clients.

The 2023 Forex Expo Dubai will be held on September 26-27 at the Dubai World Trade Centre.

Here are some prop firms that will be joining the Forex Expo Dubai in 2023:

  • The Trading Pit
  • FTMO
  • Topstep Trader
  • Lux Trading Firm
  • Fidelcrest
  • FundingPips
  • The Funded Trader Program
  • SurgeTrader
  • The 5%ers
  • Audacity Capital

These prop firms will be exhibiting at the expo and showcasing their products and services to potential clients. They will also be participating in conferences and workshops on topics such as forex trading, risk management, and technical analysis.


Apex Trader Funding: announced that they had awarded nearly 1500 payouts to victorious traders this week, a testament to the success of their platform and the skill of their users.


Rocket 21: has temporarily enabled crypto payouts for eligible traders while the company finalizes its Wise (TransferWise) payout method. To request a crypto payout, traders should contact customer support.

"We hope this helps to alleviate payout delays, and thanks for trusting us through this process!" Rocket 21 said in a statement. "We are here to help if you have any questions."

This news is likely to be welcomed by traders, who have been experiencing delays in receiving their payouts. Crypto payouts are typically much faster than traditional bank transfers, so this should help to reduce payout times.

It is important to note that this is a temporary measure, and the company expects to resume Wise payouts once the method is finalized.


MyFlashFundingIn a new development, MyFlashFunding has been approved to continue working with Deel, a global payroll and compliance platform. The approval comes after a discussion between the two companies and the completion of an Enhanced Due Diligence (EDD) process.

The EDD process is a rigorous assessment of a company's financial and legal health. It is typically required by financial institutions and other businesses before entering into a new relationship.

The approval of MyFlashFunding to continue working with Deel is a positive development for both companies. It will allow MyFlashFunding to continue providing its services to Deel's customers and will allow Deel to continue working with a trusted partner.

It is important to note that the approval does not necessarily indicate a permanent commitment to this workflow. However, for the time being, the cooperation between the two companies will proceed as usual.

This news is likely to be welcomed by traders who use MyFlashFunding to receive their payouts. The approval from Deel is a sign of confidence in MyFlashFunding's business practices and financial health.


Glow Node: Glow Node is aware of some dashboard login issues that some users are experiencing. The team is working to fix the issue as quickly as possible. In the meantime, Glow Node recommends that users leave the webpage, clear their cache, and try to log back in in a couple of hours.


Finotive Funding: has announced that it is removing the 90-day limit on Instant Funding accounts. This means that traders can now access their funds immediately, without having to wait 90 days.

This is a significant change for Finotive Funding, as it makes it much easier for traders to get started with trading. In the past, traders had to wait 90 days before they could access their funds, which could be a barrier to entry for some traders.


Funded Engineer: has announced that it has added Wise (formerly TransferWise) as a payment method. Wise is a fast and secure way to send and receive money internationally.

Funds sent via Wise to a Funded Engineer trader's account will be credited within 15 minutes. This is the fastest payout method offered by Funded Engineer.

Crypto payments are also available to Funded Engineer traders, and these payments are also very fast. Wire payments are also available, but they may take 3-5 business days to arrive, depending on the trader's location and country.

Funded Engineer takes pride in processing payouts as quickly as possible and is committed to being transparent with its traders about the expected timeframes for each payout method.

This news is likely to be welcomed by Funded Engineer traders, as it gives them more options for receiving their payouts quickly and securely.


Forex Capital Funds: has announced that Deel, a global payroll and compliance platform, has cut off all prop firms, including Forex Capital Funds, due to the My Forex Funds situation. This means that Forex Capital Funds can no longer use Deel to process payouts to its traders.

However, Forex Capital Funds still offers bank wire and crypto payouts, which will be processed manually. The company is doing its best to process payouts as quickly as possible and is working to make this process automatic.


The Varasity traders: has announce that they are now offering direct bank wire transfers, cryptocurrency, and other payment channels (e.g. Wise) as payout methods for their traders. This gives traders more options for receiving their payouts quickly and securely.

The Varasity Traders is also excited to announce that their affiliate program is now live. Traders can now earn rewards for referring new traders to the company. The affiliate program is a great way to earn extra income.


FTMO Important announcement for their traders:

  • ERBN.f will be delisted on Saturday, September 30, 2023. Please close all positions by Friday, September 29, 2023.
  • NATGAS.f will roll to the new future expiries on Tuesday, September 26, 2023. Please close all positions by 9:00 am. Trading will be enabled again at 10:05 am.
  • HK50.cash will close early at 10:00 pm on Friday, September 29, 2023, due to the Chinese Mid-Autumn Festival.


FX2 Funding: After extensive research with their legal team, a prop firm has announced that it can no longer accept customers from the United States and Canada. This change is effective immediately.

FX2 Funding understands the inconvenience this may cause and appreciates its customers' understanding. FX2 Funding remains committed to integrity and is taking this step to ensure that it can continue to operate in compliance with all applicable laws and regulations.

This news is likely to be disappointing to traders in the United States and Canada who are looking to join FX2 Funding. However, there are still a number of prop firms that accept traders from these countries.

Traders who are interested in joining a prop firm should carefully review the company's terms and conditions to ensure that they are eligible and that the company's trading conditions meet their needs.

Author : Prop Connect
Publish Date : 23 September 2023

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