Prop Trading Monthly Recap: September 2024

September is behind us, so as always we are back with a round-up of the most important events in the world of prop trading. The past month has brought plenty of news, from the return of your favorite trading platforms to changes in company policy. Get ready for a quick prop trading recap of the most interesting updates!

Funded Trading Plus and Bespoke Funding Program Reintroduce Platforms 4 & 5

Funded Trading Plus and Bespoke Funding have re-introduced Platforms 4 and 5 in response to trader demand. These platforms are now available to traders worldwide, with the exception of the United States.

ForTraders Launches cTrader

Still on the subject of trading platforms, ForTraders has decided to add cTrader to its offering. Known for its advanced chart analysis, fast execution and user-friendly interface, this platform is highly regarded by traders. The new tool will allow ForTraders users to further refine their trading strategies and experience.

FunderPro Updates Refund Policy

FunderPro has announced a significant update to its refund policy, which came into effect on the 1st of October. Refunds for successful traders will now be processed with their first payout, rather than immediately after completing the challenge. This change is designed to encourage better risk management and reduce the temptation to take excessive risks after receiving a refund. Accounts purchased before 1 October won’t be affected, so this only applies to new users.

Goat Funded Trader Launches GFT University

Goat Funded Trader has launched a brand new feature called GFT University, available within your trader dashboard. This educational section is packed with valuable content, including videos from GFT’s CEO and experienced traders, covering topics such as strategies, trading psychology and more.

Instant Funding Boosts Profit Split, Drawdown, and Adds Crypto Payouts

Further news comes from Instant Funding, which has once again made some significant updates to their offer. Not only has the company increased the base profit share from 70% to 80%, but it has also added a +10% option, allowing traders to keep a whopping 90% of their profits. This change applies to all existing accounts.

In addition, Instant Funding has increased the maximum drawdown on its one-step challenges from 6% to 8%, giving traders more flexibility. The company has also introduced direct cryptocurrency withdrawals, allowing withdrawals in USDT via the ETH or TRX networks.

Aqua Funded Launches Aqua 3.0

In September, Aqua Funded launched its biggest update to date – Aqua 3.0! As part of this launch, the company has completely rebranded, refreshed its website and improved its profit and loss tracking tools. Aqua traders can now enjoy up to 95% profit sharing and receive their first payout within 7 days. Additionally, the company is launching a new charity program focused on ocean cleanup efforts. It’s a win-win for both traders and the environment!

TopTier Trader Launches Levels

TopTier also brought us some news last month with their innovative product called Levels. Instead of focusing on a variable PnL, traders will now track their progress based on pips earned. As they progress through the levels, the potential payouts increase. This unique approach aims to reduce psychological pressure and help traders focus on their strategies.

FundedNext Offers Free Trading Calculators

Finally, FundedNext has released a set of free trading calculators for all users, available directly from their dashboard. These tools help traders with margin management, profit/loss calculations and risk management. Even if you don’t have a FundedNext account, you can still access these calculators, making them a valuable resource for any trader.

As always, be sure to check back for another prop trading recap next month. Happy trading!