Prop firms Updates - 5th week of January 2024 (2024)

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

Prop firms Updates - 5th week of January 2024 (1)

  • Crypto Fund Trader Enhances Dashboard with Exciting New Features

Crypto Fund Trader has unveiled a highly anticipated update to its platform. The focal point of this enhancement is the revamped Dashboard, which introduces several valuable features.

Key Additions to the Dashboard:

Hide Closed Accounts: Traders can now declutter their view by hiding closed accounts, streamlining their interface.

Account Phase Display: A clear overview of each account’s trading phase helps users make informed decisions.

Rank Icon Visibility: Traders can proudly display their rank icon on any screen within the platform.

Improved Balance Chart: The balance chart now includes daily drawdown, maximum drawdown, and profit target metrics.

Traded Instruments Chart: A new chart provides insights into asset diversity.

Date Range Selection: Users can analyze historical data by selecting specific date ranges on balance and instrument charts.

New Trade Statistics: Metrics for best and worst trades enhance performance evaluation.

Optimized Loading System: Switching between accounts is now smoother.

Minor Bug Fixes: Ensuring overall platform stability.

With these updates, Crypto Fund Trader continues to empower traders, offering a more streamlined experience and robust analytical tools.

  • Rocket21 Introduces Revival Feature for Traders: A Second Chance to Soar

In a groundbreaking move, Rocket21 has unveiled a transformative addition to its trading platform—the Revival feature. This innovative tool aims to empower traders by providing them with a safety net and streamlining their trading journey.

Revival allows traders to restart directly from Phase II if they encounter challenges or breaches in their Phase II account. Gone are the days of repeating Phase I; this feature saves time and minimizes hassle. Here are the key highlights:

Available for the 2-Phase Challenge Participants: Traders participating in the 2-Phase Challenge can take advantage of the Revival option.

Immediate Access: After a Phase II account breach, traders can activate Revival within a 72-hour window.

One-Time Use: Once a Revived account is breached again, it cannot be Revived a second time.

Fee Structure: Traders will incur a payment for utilizing Revival, with the fee based on their account size.

As if that weren’t exciting enough, Rocket21 also announces updates to the Apollo 11 Challenge:

New Challenges: Prepare for the $5K and $300K challenges.

Add-Ons: Enjoy weekly payouts, increased daily drawdown (DD) limits, and an impressive 90% profit split.

With Revival and these enhancements, Rocket21 continues to elevate the trading experience for its community of ambitious traders.

  • Rebels Funding Unveils Silver Program: Elevating Trading with Two Distinct Phases

Rebels Funding has launched an innovative trading program—the RF Silver 2-phase training program—designed for advanced traders seeking to enhance their skills without risking personal capital. Here’s what you need to know:

Capital Access: Upon successful completion of the program, traders gain access to capital ranging from $2,500 to $80,000 USD. Remarkably, exceptional performance can lead to gradual scaling up to double the initial amount.

Risk-Free Learning: The Silver program offers a 2-phase training account, allowing traders ample time to strategize without unnecessary losses. Fear of personal capital depletion becomes a thing of the past.

Conditions for Success:

Daily Drawdown: Traders must maintain a daily drawdown of no more than 5%.

Overall Drawdown: The maximum account drawdown (both closed and open trades) is capped at 10%.

Minimum Trades: Execute at least 6 real trades to meet program requirements.

Profit Split: Upon meeting conditions, traders earn a commission of up to 90% from the generated profit on the RFC account.

Leverage: Trading leverage is set at a maximum of 1:100.

Target Profit: Achieve an 8% profit in the first phase and a 5% profit in the second phase.

Advantages:

Fee Refund: Successful traders receive a 100% entry fee refund with their first payout.

Flexible Timeline: No pressure or time constraints—traders work toward target profit at their own pace.

Modern Platform: Rebels Funding offers an all-in-one platform with TradingView charts and direct liquidity connections.

  • Funded Trader Platform Update: Shift to MT5 and New Trading Options

Effective immediately, Eightcap MT4 and MT5 will no longer be available as platform choices at The Funded Trader (TFT). The firm’s unwavering commitment is to ensure a stable and reliable trading experience for its community. While Eightcap has been instrumental in TFT’s growth, the decision to phase out this collaboration reflects a focus on serving the community’s evolving needs.

For traders with active Eightcap accounts, rest assured that they can continue trading through the funded phase. If account type changes occur (e.g., from regular to swing), traders will transition to an alternative platform during this process.

Excitingly, TFT now offers challenges on the following platforms: ThinkMarkets MT4 and MT5

Purple Trading SC MT4 and MT5

Furthermore, TFT announces an exclusive transition to MT5 for all platform options by the end of February. MT5’s popularity and advanced features have made it a community favorite, seamlessly integrating with TFT’s backend technology. Soon, TFT will introduce Blueberry Markets MT5 as a new platform option, expanding trading possibilities.

In parallel, TFT is actively training and onboarding DXTrades as an alternative platform, prioritizing it over CTrader. However, CTrader remains on the roadmap for future offerings.

  • Finotive Funding Revolutionizes Trading Rules: Risk and Stop Loss Restrictions Lifted

In a groundbreaking move, Finotive Funding has taken decisive action by eliminating risk and stop-loss rules for both challenge and Pro accounts. This change applies to both existing and newly acquired accounts, specifically targeting instant accounts.

Here’s what traders can expect:

Risk-Free Trading: With the removal of stop-loss requirements, traders now have greater flexibility in managing their positions. They are no longer constrained by strict rules, so they can confidently navigate the markets.

Profit Split: For those participating in the PRO challenge accounts, there’s an exciting bonus—a 100% profit split as standard. This means traders can reap the rewards of their successful trades without any limitations.

Monthly Salary: Hold onto your hats! As long as traders remain funded, they’ll receive a monthly salary. The scale goes all the way up to an impressive $16,700 per month.

Finotive Funding’s bold move aims to empower traders, enhance their trading experience, and foster a dynamic community.

Prop firms Updates - 5th week of January 2024 (2024)
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