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Prop firms Updates - 4th 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 Funded Trader Payouts Update

The Funded Trader has made significant progress in clearing all outstanding payouts, with 68% of payouts already processed. The company is working overtime to process all remaining payouts by next Friday, and is also working to enable accounts of all new payout requests made by Monday EOD so that traders can begin to trade again while waiting for their payouts to hit.


Maven Prop Trading Switches to Blueberry Liquidity Provider

Maven Prop Trading is switching to Blueberry Markets as its liquidity provider, due to bad experiences with 8cap. Blueberry Markets is a liquidity provider that uses multiple LPs, which Maven believes will provide its traders with better liquidity and pricing.

This is a significant development for the prop trading industry, as it shows that prop firms are willing to switch providers in order to provide their traders with the best possible experience.


Rocket21 Prop Firm Temporarily Enables Crypto Payouts

Rocket21 Prop Firm has announced that it is temporarily enabling crypto payouts, as it works to finalize its Wise (TransferWise) payout method. Traders can reach out to Rocket21's customer support team for guidance on how to submit a crypto payout request.


City Traders Imperium Adds New Crypto Assets to Trading Platform

City Traders Imperium is thrilled to announce the addition of exciting new crypto assets to its trading platform, opening up even more opportunities for traders to diversify and expand their portfolios. Traders can now trade the following crypto assets:

  • BTCUSD
  • ETHUSD
  • LTCUSD
  • ADAUSD
  • XRPUSD

These new additions represent City Traders Imperium's commitment to providing its traders with a wide range of trading options, catering to both novice and experienced traders.


Fortunes Funding Reverts to Cryptocurrency Payouts

Fortunes Funding, has announced that it is reverting to cryptocurrency payouts as its primary payout method. This is due to unforeseen challenges encountered with integrating Wise for payouts.

The company has chosen this route to ensure timely and secure transactions. Fortunes Funding understands the importance of consistency and is committed to assisting its traders through navigating these changes.


TenTrade Honored as Top 100 Company in the Middle East

TenTrade, has been honored as one of the Top 100 companies in the Middle East at the 2023 Financial Markets Ceremony in Dubai. This award recognizes TenTrade's outstanding contributions to the financial industry in the Middle East.


Alpha Capital Groups Account Reinstated, Client Onboarding Paused

Alpha Capital Groups has announced that its Deel account has been reinstated, but that the company is unable to onboard new clients at this time. Alpha Capital Groups is currently in discussions with Deel to finalize the onboarding process, and is hopeful that it will be able to resume onboarding new clients next week.

In the meantime, Alpha Capital Groups has onboarded with a similar company for the same use case. Alpha Capital Groups is currently testing the new platform and will release it to clients once it is satisfied with its performance.

Author : Prop Connect
Publish Date : 30 September 2023

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