Proprietary Trading Firms Updates of November 2024

As we close out another month, we’re excited to bring you the latest updates from fxprop’s listed prop firms for November 2024. This month has brought several key announcements, program launches, and policy changes designed to support and enhance the trading experience.

New Futures Trading Programs from Goat Funded Trader and Blue Guardian

November saw the launch of two significant futures trading programs, expanding opportunities for traders in this dynamic market.

Goat Funded Trader introduced Goat Funded Futures, a new funding initiative offering three plans: Standard, Static, and Instant. Each plan is designed to cater to different trading strategies and preferences, providing futures traders with flexible options to access capital.

Blue Guardian Futures also made its debut, officially launching on November 25th at 12:00 PM Dubai time. This program offers another avenue for traders to explore competitive funding in the futures space, marking an important milestone for the firm.

These launches highlight the increased focus on futures trading within the proprietary trading sector, with both firms aiming to support traders in this growing market.

TopTier Trader Updated Violation Deduction Policy

On November 18th, TopTier Trader implemented changes to its violation deduction process, impacting Phase 1 and Phase 2 accounts.

Summary of Changes:

• Violations are now deducted the day after they occur.
• If a deduction breaches the maximum loss limit, the account will be closed.

Daily loss limit rules remain unchanged. Traders are encouraged to monitor their positions carefully and take breaks if their daily loss limit is significantly reduced. These updates aim to improve clarity and enhance trader accountability.

Goat Funded Trader Allowed News Trading

In another key update, Goat Funded Trader removed restrictions on news trading starting November 21st.

What Changed:

• News trading became fully permitted for accounts purchased on or after this date.
• Trades executed during a 2-minute news window are allowed to generate up to 1% profit, with any excess profits removed.
• Prior rules around breaches related to news trading no longer apply.

This update provides traders with greater flexibility to respond to market-moving events.

Instant Funding Introduced Loyalty Program

During November, Instant Funding launched Instant Funding Plus, a loyalty program aimed at rewarding traders. The program is in public beta and includes several features designed to enhance the trader experience.

Key Features:

• A welcome bonus of 100 Plus Points (worth $100) for new members.
• Points earned through purchases, trading activity, and engagement.
• Annual birthday gifts, redeemable discounts, and loyalty cards accessible via Apple and Android wallets.

Additional features are expected as the program evolves, offering traders more value over time.

The Trading Pit Updated Payout Schedule

In November, The Trading Pit introduced a revised payout schedule, allowing traders to request payouts twice weekly – on Tuesdays and Fridays.

Details of the New Schedule:

• Requests submitted by Monday morning are processed for Tuesday payouts.
• Requests submitted by Thursday morning are processed for Friday payouts.

This change, launched as a trial, is designed to provide faster and more flexible access to profits. Feedback from traders will determine if this system becomes a permanent feature.

November brought many significant changes and new opportunities for proprietary traders. These updates highlight the ongoing innovation and growth within the trading industry as we move into December and beyond.

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