The Funded Trader Updates- What’s New?

The Funded Trader has shared a series of significant updates set to enhance its services. These updates are slated to be launched on Friday, October 6th, marking a pivotal moment for the firm and its traders.

The Funded Trader New Updates

Royal Challenge 14-Day First Payout Add-on

This new add-on is expected to offer traders an enhanced experience by providing a 14-day first payout option. This change aims to facilitate a smoother onboarding process for aspiring traders.

Purple Trading MT4 and MT5 for Challenge and Funded Accounts

Moreover, The addition of Purple Trading’s MT4 and MT5 for Challenge and Funded Accounts signifies an expansion of trading options. These platforms are renowned for their user-friendly interfaces and powerful features.

Challenge Phase Durations Shortened

The transition from phase 1 to phase 2 in both Royal and Standard Challenges will see a significant reduction in duration, from 24 hours to just 12 hours. Rapid Challenges will experience an even faster transition, shortening from 12 hours to 6 hours. These changes are designed to accelerate the challenge process for traders.

Eightcap MT4 Discontinuation

Eightcap MT4 will no longer be available for future purchases. However, current users with active accounts will still be able to trade on this platform. The discontinuation is set to take effect following the October 6th launch.

Payout Adjustments Updates

Also the announcement also addresses recent payout requests. Payouts requested between specific dates in September will be cleared by the end of Monday today. Payouts requested in late September and early October will be processed by EOD on October 6th. Special considerations and adjustments will be made for those affected by delayed payouts.

Also, On Tuesday at 9 am EST, The Funded Trader plans to host a September Community update, where further details and insights into these changes and upcoming developments will be shared.

Also, with enhanced platforms, quicker challenge phase transitions, and a focus on operational and support improvements, the future looks promising for this prop trading firm. So, traders are eagerly anticipating these changes, set to take effect on October 6th, with expectations of a more robust and efficient environment.

About the Firm

The Funded Trader follows the belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business. Also, they are searching for passionate and experienced traders who will succeed with the help of their funds by showing skills in various market conditions.

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