Hey, guys. Well, another month has passed, which means that we’re here to present all of the proprietary trading firms updates that have occurred during August this year, 2023. Now, in total, we’ll be covering 11 prop trading firms that have made some changes throughout August. These changes will cover some general updates, some trading objectives and rules, some newly introduced features, and the removal of certain features regarding the prop trading firms that we’ve reviewed on our website.
August Proprietary Trading Firms Updates
In no particular order, let’s dive in and check out some of the key proprietary trading firm changes that were made throughout August.
E8 Funding
First up is E8 Funding. They’ve made two really important changes in August.
- They have completely removed their commission fees on all available indices that you can trade within their platform.
- The second update is regarding the maximum trading period. From now on, you guys will be able to enjoy an unlimited trading period while working with E8 Funding.
FundedNext
The second prop trading firm that’s made some changes will cover is FundedNext.
- The first one was the introduction of Automated Crypto Payments.
- The second update was the introduction of the New Account Merging Feature, so they’ve significantly reduced their account merging time.
Fidelcrest
Next Up is Fidelcrest. They’ve made some changes through August as well. They have added two additional add-ons to their funding programs, which are completely free.
- The first add-on feature is quite straightforward; by choosing it, you can enjoy an unlimited trading period within the two evaluation phases.
- The second one, on the other hand, will allow you to request a free retry of your evaluation if you are between 0% and 2% in drawdown.
SurgeTrader
Next up is SurgeTrader, another popular trading firm that’s implemented a couple of changes throughout August.
- First, they have decided to introduce ThinkMarkets, which is a global multi-asset brokerage, as their new broker.
- Regarding the old brokerage, EIGHTCAP, they have announced that they’ll be removing it as a brokerage choice. SurgeTrader thanked EIGHTCAP for all of the valuable contributions that their partnership brought to the table.
However, they’re focusing at the moment on optimizing their services to provide conditions based on their particular traders’ needs, and they decided that the next step is a partnership with ThinkMarkets.
Finotive Funding
Finotive Funding has made some excellent changes during August, three to be exact.
- The first update was regarding the requirements to be eligible to request your first withdrawal. Finotive Funding has completely removed the time requirements for traders to be eligible to request their first withdrawal on all three funding programs.
- The second update was regarding the scaling plan. They’ve removed all-time requirements that were previously in place before their funded traders were able to request a withdrawal on their funded account.
- And lastly, the third update was the introduction of the account refresh feature on their one-step funded accounts. Traders will now be eligible to receive a free account refresh if they start trading on their funded account and go into drawdown for free.
MyFundedFX
Now, one of the two prop trading firms that have implemented the most updates in August is MyFundedFX, a total of four.
- So, the first was the introduction of a balance-based drawdown.
- The second change was the introduction of the 90% profit split add-on, which is applicable to all three funding programs that MyFundedFX is offering to traders worldwide.
- The third update was another add-on option. This one was regarding the payout periods.
- And the last update, the fourth one, was an announcement of a new partnership. So, MyFundedFXannounced that they had formed a partnership with their new broker, AvaTrade.
Funding Pips
Funding Pips has introduced a single update throughout August.
- So, previously, Funding Pips allowed traders to enjoy a weekly payout structure once they’ve achieved funded status. However, now, after the update, traders will become eligible for payouts on a five-day basis.
FunderPro
FunderPro also made an implementation that will benefit many members of their community who are looking to get funded through FunderPro. So, previously, they were offering only crypto as their payment method to purchase one of the evaluation program account sizes. And that is why their additional introduction of a credit card payment method was an excellent addition.
Bespoke Funding
Bespoke Funding introduced the most number of changes throughout August, four to be exact.
- Again, the first one is an update to their trader dashboard. They’ve got a really new revolutionary dashboard revamp unveiled to both new and existing traders trading accounts.
- The second one was the features within their new dashboard, which will include an array of advanced metrics designed to make tracking and managing accounts significantly smoother and more intuitive than ever before.
- Now, Bespoke Funding’s third change they implemented was the introduction of a new partnership. They have also introduced ThinkMarkets as a new broker option. They are keeping their previous broker, EIGHTCAP, meaning that their community will now have the chance to choose between the two when purchasing an evaluation challenge with them.
- And lastly, the fourth update was the introduction of a trading competition. So, from now on, Bespoke Funding will be offering a free monthly competition with very attractive rewards for the best traders.
Glow Node
The penultimate prop trading firm, or the second to last that we’re going to cover, is Glow Node. They have implemented a single update to the trading objectives of their two-step evaluation program.
- A change was made to the maximum drawdown, which was increased from previously 10 to now 12.
Goat Funded Trader
And the last prop trading firm we’ll cover is Goat Funded Trader. They’ve made two changes throughout the month of August. So, the two add-on options.
- The first add-on feature will allow traders to enjoy a 90% profit split right after they successfully reach funded status.
- The second add-on will allow traders to request their first withdrawal after 14 calendar days.
For the details of these Proprietary Firms August Updates, watch the full video:
Well, guys, these have been the updates and changes of some of the leading prop trading firms throughout August of 2023. As mentioned at the start, a total of 11 prop trading firms have made some changes with the intention of attracting more traders with their already fairly incredible trading objectives and features that they’re bringing to the table.
Lastly, don’t forget to check the Discount Codes.
