Exciting Changes in Prop Trading: Updates from Funding Pips, FundedNext, and The Trading Pit

Three prominent prop trading firms, Funding Pips, FundedNext, and The Trading Pit, have recently announced significant changes to their offerings, each designed to streamline processes, provide greater capital access, and enhance trading flexibility. Here’s a closer look at these exciting updates.

Funding Pips: Instant Evaluation Credentials

Funding Pips has made a noteworthy move to enhance the user experience by eliminating the 24-hour wait time for evaluation phase credentials. In response to trader feedback, the firm now provides immediate delivery of these credentials, allowing traders to start their evaluation without any delay.

This update is particularly beneficial for traders eager to advance in their trading journey. The previous wait time often caused delays and hindered trading momentum. By automating and expediting the credential delivery process, Funding Pips ensures that traders can focus more on their strategies and less on administrative procedures. 

FundedNext: Expanded Stellar Lite Challenge

FundedNext has upgraded its Stellar Lite Challenge by introducing a $100,000 account size, a substantial increase from the previous maximum of $50,000. This enhancement offers experienced traders the opportunity to manage a larger capital base, enabling them to implement more substantial trading strategies and potentially achieve greater gains.

The new $100,000 account size is set to attract a broader spectrum of traders, from seasoned professionals to ambitious intermediates looking to elevate their trading careers. FundedNext maintains the accessibility and simplicity of the Stellar Lite Package, making it an attractive choice for traders at various experience levels. 

The Trading Pit: Prime Programs for CFD Traders

The Trading Pit has introduced its Prime Programs, specifically designed for CFD traders, with a focus on providing enhanced flexibility and more favorable trading conditions. This initiative includes several key features aimed at addressing trader feedback and needs.

One of the standout features of the Prime Program is the introduction of a static maximum drawdown, offering traders greater stability and predictability in their trading activities. This change helps traders manage their risks more effectively. Additionally, traders can now request payouts as soon as they make profits above $100, without needing to reach a predetermined profit target. This feature is particularly appealing to traders who prefer more immediate access to their earnings.

The Prime Program also includes upgraded leverage on foreign exchange trading to 1:50, increasing the potential for higher returns. It offers both 1-Phase and 2-Phase challenges, providing traders with more options and flexibility in meeting the program’s requirements. The profit split is fixed at 80% for all Prime Challenges, ensuring traders receive a larger portion of their trading profits.

Furthermore, The Trading Pit continues to offer its existing Scaling Plan product under the new name, the Classic Program, catering to traders who prefer the traditional structure. The firm is also planning to extend the benefits of the Prime Program to its Futures products soon.