Prop Firms Updates of June! ALL IN ONE!

Hey guys! Well, another month has ended, which means that we’re here to present all of the trading firm updates from some of the industry’s leading prop trading firms that occurred during June of 2024.

Now, in total, we’ll cover 18 prop trading firms that have made some changes throughout June. Yes, the industry has been busy. These updates cover a wide range of changes from some of the industry-leading prop firms, reflecting some continuous growth and improvements within the broader industry.

Prop Firms Updates of June! ALL IN ONE!

But without further ado, let’s dive straight into our list of updates that occurred during June.

Funding Pips

First up is Funding Pips.

• They’ve announced the upcoming launch of Funding Ticks, a trading platform tailored specifically for futures prop traders. 

FundedNext

Next, FundedNext has made some changes.

• They proudly announced the launch of their innovative FundedNext Toolkit, designed to empower traders with cutting-edge tools for enhanced market insights and trading success.
  • Among these are the News Feed for real-time updates, Forex Matrix for detailed currency pair analysis, Market Screener for identifying profitable trades, and the News Calendar for tracking key economic events. 

E8 Markets

Now, we have E8 Markets.

• E8 Markets has introduced payout on demand across all account models.
• Additionally, E8 Markets also launched a new raw spread account, offering tighter spreads and competitive trading conditions without any extra costs. 

Finotive Funding

Next up is Finotive Funding.

• Finotive Funding has streamlined account purchases with the introduction of Apple Pay. This new payment method is expected to revolutionize the way traders engage with the prop firm.

MyFundedFX

Next in line is MyFundedFX. 

• MyFundedFX has made a change, transitioning from ThinkMarkets to Zenfinex for traders using the DxTrade platform.
• In addition, MyFundedFX introduced the Minimum Profitable Day Rule, requiring traders to achieve only three profitable days with gains of at least 0.5% until they hit their profit target. 

FTMO

Now, we have FTMO. 

• FTMO has made a good change by supporting payments in the Nigerian Naira, making transactions easier and more convenient for traders. 

Alpha Capital Group

Next up is Alpha Capital Group.

• They have launched the DxTrade platform, marking a return for US traders and offering them advanced trading solutions.
• They’ve also announced the upcoming launch of Alpha Ticks, a platform designed specifically for futures prop traders.

The Funded Trader

Next up is The Funded Trader.

• They’ve rolled out new automated risk checks to streamline the trading experience.
• Additionally, they introduced Plane as a new payment method, providing enhanced flexibility for their global trading community.

TopTier Trader

Now, we have TopTier Trader.

• TopTier Trader has launched a 24-hour payout feature, promising fast and reliable access to trader profits. If they fail to deliver within the specified period, traders will be compensated with an additional $1,000.
• They also introduced innovative SMS and WhatsApp support services, setting a new standard in trader support and accessibility. 

PipFarm

Now, PipFarm is here.

• They have announced a new partnership with Heron Copier, enhancing its services with a renowned trade platform compatible with leading trading systems like cTrader, MetaTrader4, MetaTrader5, and TradeLocker. 

Audacity Capital

Next up is Audacity Capital.

• Audacity Capital has enhanced its communication with traders by introducing WhatsApp support. 
• The firm also expanded its payment options to include a broader range of cryptocurrencies through NOWPayments.
• They also introduced a free trial for traders to familiarize themselves with the challenge rules.
• These updates also include reduced commission fees for Forex, metals, and indices trading. 

Blue Guardian

Moving on to Blue Guardian. 

• They’ve reintroduced the Elite Challenge, offering multiple evaluation steps.
• The firm also launched a brand-new trading dashboard.
• They also implemented a Minimum Profitable Day Rule and reopened their services to traders in Pakistan and Vietnam. 

Axe Trader

Next up is Axe Trader.

• They launched a new website design after weeks of effort. The refresh is very user-friendly and packed with innovative features aimed at better serving their community of traders.

Goat Funded Trader

Next in line is Goat Funded Trader. 

• Goat Funded Trader has lifted their temporary ban on traders from Pakistan.
• They also introduced the MTJ Copier, enabling seamless multi-account trading across various platforms. 
• The firms also reintroduced the MetaTrader4 trading platform. 

Crypto Fund Trader

Moving on to Crypto Fund Trader.

• They’ve announced the imminent launch of their Crypto Futures platform, designed to provide seamless access to futures trading without country restrictions. 

Glow Node

Moving on to our last few updates for this month.

• Glow Node introduced a 2% floating drawdown warning system for their evaluation challenges. 

Lux Trading Firm

Next up is Lux Trading Firm.

• Lux Trading Firm shared the launch of The Lux Broker, a new brokerage aimed at redefining the trading industry with transparency and, more importantly, trust.

FTUK

Last but certainly not least, FTUK. 

• They have increased the maximum drawdown to 8%, providing more flexibility for traders.
• They also introduced a minimum trading day requirement of 10 days per level for the first withdrawal request.

For the details of these updates, watch the Prop Firms Updates of June Full Video:

Well, these have been the updates and changes from some of the leading prop trading firms throughout June of 2024. We can see that the prop trading firm industry is evolving rapidly. Trading firms are constantly looking to adjust and improve their offerings to traders, and we anticipate the remainder of 2024 to be full of more growth and innovations within the industry. 

Lastly, don’t forget to check the Discount Codes we offer for various prop firms.