Hey guys! As always, we’ve wrapped up the second month of 2024, and that means we’re here to share all of the recent updates from some of the leading prop trading firms that occur throughout February of this year.
Now, these updates encompass various changes, spanning adjustments in trading objectives, regulations, introduction of new features, and the removal of some existing ones. However, before we really jump into the list of updates, it’s worth mentioning something really important. There will be numerous broker and trading platform changes, as well as multiple prop companies restricting new clients located within the United States from joining and using their services.
Now, this is due to recent MetaQuotes deciding to implement additional restrictions, which resulted in prop firms facing challenges and needing to adapt on incredibly short notice. Now most of the company’s solutions have already been implemented or are being worked on at the moment.
Now, in no particular order, let’s jump into February’s key proprietary trading firm updates.
E8 Markets
The first company we’re going to take a look at is the recently rebrandedE8 Markets. Now, they were one of the companies who were forced to adapt to the recent MetaQuotes restrictions, which forced them to remove the MetaTrader 4 and MetaTrader 5 trading platforms from their choices.
- Now, despite the restriction being on such short notice, they managed to come up with an alternative extremely quickly, and they implemented Match Trader as the newest and currently only trading platform option.
FundedNext
Next up isFundedNext. They have made a total of seven updates:
- The first one was the introduction of a 150% refund add-on feature.
- The second update was a pretty major one: the introduction of the highly anticipated cryptocurrency trading.
- The next update was the suspension of services for clients who are based within the US.
- Now, the fourth implementation was the introduction of a news and equity management tool.
- The next update was another major one: an introduction of a highly anticipated free trial. That’s
- Another implementation and update was the introduction of another useful tool: a session bar indicator tool.
- Lastly,FundedNextintroduced a brand new withdrawal processor named Rise, and this collaboration will bring a faster, more secure, and highly convenient withdrawal method to their clients.
Funding Pips
Funding Pipsmade a few adjustments as well.
- Now, they are another company that, unfortunately, suspended their services for new clients located in the United States.
- They are going to be using Match Trader as their new trading platform option.
The Funded Trader
The Funded Traderis another company that is making some changes here. Most of them revolve around trading platforms and brokers.
- First, they removed Eightcap as a broker choice while purchasing a new evaluation challenge for the company.
- Additionally, they have introduced two new trading platform options. We have DXTrade and cTrader.
- The other update introduced by the firm was a weekly payout add-on feature for the rapid challenge.
True Forex Funds
Another company on our list that made significant changes to its trading platform offerings isTrue Forex Funds.
- Similar toE8 Markets, they’ve removed MetaTrader4 and MetaTrader5. Now, the only difference was that they introduced cTrader and not Match Trader.
MyFundedFx
MyFundedFxalso made a shift regarding its trading platform choices.
- They introduced DXtrade as an additional option, as well as announced Match Trader and cTrader, which should become available sometime later in this 2024 year.
Funded Trading Plus
The next prop trading firm that we will look at isFunded Trading Plus.
- They successfully migrated from Eightcap to ThinkMarkets in February.
- They’re also another company that had to suspend providing services to all new clients from the US.
- Now, regarding trading platforms, they were forced to stop providing MT4 and MT5, which I know is just another one, which led them to the introduction of DXtrade as well as their trading platform option.
- Lastly,Funded Trading Plusintroduced an additional withdrawal method to all of their successful and profitable traders who qualify for payouts. They’ll be now able to receive their payouts via Skrill.
Alpha Capital Group
Alpha Capital Group, well, they’ve been busy throughout the beginning of this year.
- They have removed the Martingale rule, lifting restrictions on all Martingale trading strategies.
- The second update was the introduction of cTrader as a new trading platform option alongside MetaTrader5.
- Another update was the introduction of raw spread trading accounts, which was highly requested by a vast majority of their community.
- Lastly, to respond to more popular demand,Alpha Capital Groupintroduced micro lot trading.
The5ers
The5erswas almost forced to make a single change throughout the month of February.
- Like many other companies, it also decided to stop accepting new applications or applicants based within the United States due to the MetaQuotes restrictions.
Blue Guardian
Blue Guardianwas another company busy throughout February.
- The first announcement and update they made was an expected migration from Purple Trading to Eightcap. However, that didn’t happen. Instead, they migrated from Purple Trading to ThinkMarkets.
- Now, in addition to ThinkMarkets, they also introduced an exclusive acquisition of an ASIC-regulated broker.
- They’ve introduced an alternative trading platform called DXTrade.
- Lastly, it is worth noting thatBlue Guardianhas also announced Match Trader as a new trading platform option that should be available over the coming months.
TopTier Trader
TopTier Trader, single implementation.
- They’ve migrated from MetaTrader4 and MetaTrader5 to TradeLocker, which is currently their only trading platform.
Glow Node
Similar toTopTier Trader,Glow Nodehas also migrated from MT4 and MT5.
- However, they did so by introducing Match Trader as their new trading platform.
Audacity Capital
Audacity Capitalis also a company that made a single adjustment through February.
- It was the suspension of their services for new clients from the United States.
MyFlashFunding
MyFlashFundingthey were a prop trading firm that made some introductions.
- So, they have introduced an additional withdrawal method option, which is Rise.
Forex Prop Firm
Forex Prop Firmis another company that introduced Rise as a new withdrawal processor platform. The same is true withFundedNextandMyFlashFunding. Traders can now receive payouts in less than 5 minutes.
Crypto Fund Trader
Crypto Fund Traderhas introduced a highly anticipated dashboard update that promises to elevate their clients’ interactions and analytical capabilities.
- Among the standout features is the new-found ability for users to opt for a cleaner interface by hiding closed accounts.
- Additionally, the introduction of a display indicating the phase of each account provides users with a very transparent and pretty quick snapshot of their trading status within each of their active accounts.
AquaFunded
AquaFundedis the penultimate company we’re going to cover this time.
- They’ve made a transition to ThinkMarkets, so they migrated all of their client’s accounts from their previous broker, which was Purple Trading.
RebelsFunding
And the last company is going to beRebelsFunding. They’ve introduced a single update to bring us home, and it was a major one.
- So, they’ve introduced a much-anticipated new client zone. Now, after extensive development and hard work, the client zone is now ready for use. It offers enhanced features and a seamless user experience for its clients.
Well, these have been the updates and some changes from some of the industry’s leading prop firms throughout February. Yes, it’s certainly been a busy month, and we can clearly see that the whole industry as a whole is evolving more and more rapidly. For details about these Prop Firms February Updates, watch the Video:
Lastly, stay updated with theLatest Prop Newsand check out theDiscount Codeswe offer for various Prop Firms.
