We've collected for you the latest news from the most important prop firms in the industry, all in one place. This makes it easier for traders to stay up-to-date on the latest developments and catch the updated information they need.

FTMO Launches a New Loyalty Program

FTMO, a pioneer forex prop trading firm, has announced the launch of its new loyalty rewards program. The program is designed to honour the firm’s most loyal and consistent clients. According to the firm, these rewards are a testament to their gratitude for the clients’ unwavering commitment. The FTMO Prime Card unlocks the benefits of the FTMO Premium Program, which is a testament to the clients’ dedication to their trading career with the firm. The program is open to clients who have been with FTMO for a long time or have met certain trading conditions. The firm is rewarding its serious traders with remarkable skills and unimaginable expertise that lead to exceptional results.

Funding Trader Lowers Commissions 

In order to align with the terms of the previous broker, Funding Trader has announced that it has reduced all of its commissions to $3/lot roundtrip. When compared to the prior broker, the company says that its spreads and fills are superior. Nonetheless, the company is collaborating with the broker to improve trading conditions and is aware of the problem with the stop level and minimum volume on particular products.

FUNDED ENGINEER has changed their broker

The innovative forex prop trading company Funded Engineer has said that, beginning December 1st, it will only offer Purple Trading Seychelles and will be eliminating Think Markets as a broker choice. The company claims that in order to hedge their books, they require complete access to the data, which Think Markets is unable to give, which degrades the firm's risk management.

Purple Trade Seychelles has been an intimate partner since the inception of Funded Engineer. They and the firm have reached a decision today that will help them manage risk and ensure the longevity of their business. They have the best trading conditions; hence, they will be the only broker available on Funded Engineer. In Q1 2024, the company plans to introduce its own broker, which it has been planning for. When fully regulated in Q3 2024, it will only be offered to retail clients through a funded engineer for their prop service. The company has always placed a high priority on the trading conditions that their clients receive, and the quality of their brokerage service will be comparable to what Funded Engineer currently provides. They add that at FundedEngineer, sustainability and longevity will always come first. This is just one more measure to guarantee long-term business stability.

Any IP address from Pakistan will no longer be able to access MY FUNDED FX Website

My Funded FX has said that it will no longer accept new traders from Pakistan to buy challenges. All the current traders were allowed to continue as before. In an attempt to stay on their platform, the traders have made hundreds of attempts to get around the system, use identities from other countries during KYC, fabricate names and addresses, etc. Due to these widespread infractions, the company has decided to let go of its remaining Pakistani clients.

After funded traders receive their dividend at the following payout cycle, their accounts will be closed. Refunds are available to Pakistani customers who are Challenge Traders and have an active Challenge account. In order to complete the refund, they might open a ticket.

The company will move forward with the next step to address the problems. Any IP address from Pakistan will no longer be able to access their website, dashboard, or complete the KYC process as of January 1, 2024. The company understands that not all traders in the nation are acting improperly, but they still need to do everything within their power to safeguard their company.

Glow Node has updates on its plan

Glow Node has updated its Classic plan in a number of ways. A new payment supplier that the business is onboarding will begin operations on Wednesday of next week. PayPal account customers should choose rapid payments due to Moonpay's $10,000 daily restriction, despite the company's efforts to process transactions with cryptocurrency as much as possible. Another alternative is a bank transfer, which the company is pleased to take with both fast and IBAN numbers. The company is actively working to handle the 28 pending withdrawals as quickly as possible to ensure complete transparency. Payouts will resume as usual after next Wednesday, and automated same-day payments will be accessible. The new Classic plan now includes a 4% Phase 2 profit target, an 85% profit split from the outset, and the option to upgrade to a 90% profit split. To provide more flexibility, the company has implemented an add-on for weekly payouts. The company invites traders to look into the new Classic plan and utilize the added benefits.

Leveled Up in its new dress: 

Ahead of its relaunch, the online trading platform Leveled Up has released some significant upgrades. The company has moved its partnership with 8Cap to Dominion Markets, which will provide traders with a more encouraging atmosphere to meet their own objectives. Along with the recently revealed partner, Dominion Markets, the company will smoothly move all current challenges to the new dashboard. The organization is working around the clock to manually input every challenge into the new dashboard, ensuring a seamless and precise changeover. Traders should exercise patience during this process.

Rocket21 

The newest feature on Rocket21 has been released on the platform! The traders can now choose between the R21 Regular and Swing variants that are offered on the internet.

Rocket21 offers two different account types for their Standard and Rapid Challenges: Regular and Swing, according to the Funded Trader Support staff. Each type is customized with unique features.

The two types of accounts differ in the following ways:

Leverage: Depending on the type and phase of the challenge, Regular and Swing accounts give different levels of leverage. Regular accounts have a higher leverage than Swing accounts.

News Trading: Swing and Regular accounts are both eligible for news trading. Nevertheless, Swing accounts are subject to some limitations.

Keeping transactions overnight or over the weekend: Restrictions on keeping transactions overnight or over the weekend differ based on the kind of challenge and account. Swing accounts are less flexible than regular accounts.

Lot Size Limits: During all program phases, there are no restrictions on the size of lots.