The Funded Trader (TFT) had announced a pivotal leverage update for Gold and Silver commodities. Effective January 5, 2024, post 5 PM EST, TFT will be adjusting the leverage ratios for Metals, encompassing Gold and Silver, as well as commodities such as Oil. The prevailing 1:40 ratio will undergo modification, settling at a revised 1:30 leverage ratio for these specific instruments.
The Funded Trader (TFT) Leverage Update
This adjustment, however, comes with a blessing – swing accounts and knight challenge accounts remain unaffected. This exemption ensures that traders who have swing accounts or are actively participating in knight challenges can continue their operations with minimal disruption. However, the leverage modification is going to impact all active Challenge and Funded Purple Trading, Eightcap, and ThinkMarkets accounts, urging traders to adapt their strategies accordingly.
TFT’s decision to readjust leverage ratios aligns with the firm’s broader objective of diversifying the instruments available to traders while coordinating leverage structures with prevailing industry standards. Acknowledging that this announcement may not be the anticipated update for all traders, TFT reassures its user base that these adjustments serve as a sign of a series of forthcoming enhancements aimed at optimizing the overall trading experience.
Traders have to stay vigilant and attuned to further communications from TFT as the company works diligently to broaden its product offerings and ensure that its leverages remain competitive within the dynamic prop landscape. These changes, though immediate, are going to be the integral steps towards fortifying TFT’s commitment to providing a cutting-edge and adaptable trading environment for its diverse clientele.
About the Firm
The Funded Trader is a proprietary trading firm with the legal name The Funded Trader LLC that was incorporated on the 12th of May, 2021. They are located in Liberty Hill, Texas. The CEO of the company is Angelo Ciaramello. The Funded Trader provides traders with the opportunity to choose between five account types: three two-step evaluations, a one-step evaluation, and a three-step evaluation. They have partnerships with Eightcap, ThinkMarkets, and Purple Trading Seychelles as their brokers.