Prop Firms March Updates! ALL IN ONE! - Forex Prop Forum (2024)

Hello everyone! Well, we have wrapped up another month of 2024. The year is flying by, and that means we’re here to share all the recent updates from some of the industry’s leading prop trading firms that occurred throughout March of 2024. Now, these updates include some changes that companies made, from adjustments in trading objectives and regulations to the introduction of new features and the removal of some existing ones. There’s plenty to cover, but that being said, let’s see what the industry has been doing.

So, in no real particular order, let’s jump into the key prop trading firm updates for March 2024.

Funding Pips

Alright, first on the list isFunding Pips, which rolled out two new trading platforms to elevate the trading experience for their clients.

  • They’ve introduced cTrader and TradeLocker to their platform lineup, just offering users more options to trade with confidence.

FundedNext

FundedNextwas also a company that made two significant enhancements throughout March.

  • They’ve announced the introduction of AstroPay as a new payment method.
  • Additionally, they have rolled out TradingView Beta for free trials, which empowers traders with advanced charting and analysis tools to make more informed investment decisions.

E8 Markets

E8 Marketsintroduced two game-changing updates.

  • Firstly, they have created a vibrant Discord Channel Community fostering some more collaboration, discussion, real-time support for their traders.
  • Additionally, they have also announced the implementation of a streamlined one-phase evaluation process, which is still in the testing stages but essentially, it’s simplifying and expediting the evaluation process.

Finotive Funding

During March,Finotive Fundingwas also another company that created some great updates.

  • So, they shared the highly anticipated Finotive Pro one-step challenge, revolutionizing the evaluation process for their traders. You can join them to take your trading journey to the next level with Finotive Pro and enjoy the benefits of receiving a monthly salary in addition to the weekly profit splits.

True Forex Funds

True Forex Fundsis another company that implemented some changes during March.

  • They have introduced a $5,000 account size across all four funding programs, which is providing their traders with a bit more options.

The Funded Trader

Next up isThe Funded Trader.

  • They have expanded some payment options by introducing both Apple Pay and Google Pay, making purchasing your evaluation account really easier than ever.
  • In addition, they have also introduced new features to their Dragon Challenge, including a 95% profit split add-on and account sizes of 3 and $600,000, respectively.
  • However, please note thatThe Funded Traderhas temporarily paused all operations and is working diligently to get everything sorted and reopen its doors for traders all across the globe.

So a little bit of mixed updates there fromThe Funded Trader, but they’re a phenomenal company and they’ll be back roaring in no time.

Funded Trading Plus

Next up isFunded Trading Plus.

  • This March,Funded Trading Plusannounced MatchTrader as a new trading platform, offering their traders some more options to trade with different precision and speed as well.

MyFundedFX

MyFundedFXbrought around two exciting additions through March.

  • So, they’ve introduced cTrader and MatchTrader as new trading platforms.

Blue Guardian

The next company we will cover isBlue Guardian.

  • Now, their March updates bring great news as they have removed commissions on all trading instruments.
  • They introduced both cTrader and MatchTrader as new trading platforms, providing traders again with enhanced options, some more flexibility while choosing their preferred trading platform.

TopTier Trader

Next isTopTier Trader.

  • Throughout March,TopTier Traderalso implemented an update to contract sizes of indices, providing traders with improved trading opportunities and flexibility.

City Traders Imperium

Moving on to the next.

  • This March,City Traders Imperiumintroduced an automated verification system, streamlining the actual verification process for traders and ensuring a smoother onboarding experience.

Goat Funded Trader

March also brings exciting additions toGoat Funded Trader.

  • They’ve introduced both ThinkTrader and MatchTrader as some new trading platform options, giving some of their traders some more features and enhanced tools.

AquaFunded

AquaFundedis another prop firm that introduced new things in Match.

  • They introduced DXTrade as a new trading platform in March, offering traders some advanced features and tools for enhanced trading experiences.

Glow Node

Glow Nodehas been busy in March.

  • They’ve introduced MatchTrader as a new trading platform as well.
  • They’ve reduced commissions to $5 per lot.
  • Also, they’ve introduced swap-free trading and lifted restrictions on US traders.

Bespoke Funding

Next up isBespoke Funding. They’ve implemented some changes recently.

  • They have introduced Think Trader as a new trading platform and also lifted restrictions on US traders.
  • Furthermore, by removing restrictions on US traders,Bespoke Fundingopens up its doors to a much broader audience, fostering a more inclusive and diverse trading community.

Top One Trader

Next isTop One Trader.

  • This March,Top One Traderwas another company that introduced MatchTrader as a new trading platform and also lifted restrictions on US traders, expanding opportunities for traders globally.

MyFlashFunding

MyFlashFundingwill keep this simple.

  • They’re another company that’s introduced MatchTrader as their new trading platform, again offering traders some more advanced tools and features for success.

Audacity Capital

March marks the sharing ofAudacity Capital’senhanced Funded Trader program. So, they have shared a series of transformative upgrades to its Funded Trader program.

  • Now, the most important changes really come in the form of a bold decision to eliminate monthly fees.
  • Adding a layer of personalization to the program, traders can now choose their starting capital from the new three account sizes.

FTUK

FTUKmade some significant strides by announcing some trading platform additions and expanding its options for traders.

  • Additionally, out of the four they’ve already introduced, MatchTrader is just adding another powerful tool to their arsenal. And these new platforms just offer a diverse range of features and functionalities.

Forex Prop Firm

Alright, the penultimate company we’re going to cover today isForex Prop Firm, which rolled out some major updates in March.

  • The updates include a $400,000 account size across all funding programs and a reduced commission fee structure.
  • They also introduced two instant funding programs: Advanced and Pro.

Lux Trading Firm

And finally, last on our list, and certainly not least, isLux Trading Firm.

  • They introduced a single update during the month of March that saw them introduce Broctagon as a new liquidity provider, further strengthening their trading infrastructure.

Well, these have been the updates and changes of some of the leading prop trading firms throughout March to the end of Q1 of 2024. It’s certainly been a busy month, and as we can always see, the prop trading firm industry is evolving and growing, and prop trading firms are constantly looking to adjust and improve their offerings to traders. And we do anticipate the remainder of this year to be full of more growth and innovations within the industry.

Now, for more details about the Prop Firms March Updates, watch the Video:

Also, check out theDiscount Codeswe offer for Various Prop Firms.

Prop Firms March Updates! ALL IN ONE! - Forex Prop Forum (2024)

FAQs

What prop firm has the fastest payout? ›

Fastest Industry Payouts – MyFundedFutures has the fastest payouts in the futures prop trading space which has become more and more important with some of the other futures prop trading firms taking weeks to payout.

Is prop trading worth it? ›

Prop trading is worth it, although it's not recommended to invest more than you can afford to lose. Prop trading is suitable for beginner traders who don't have enough capital to start their journey.

Are trading prop firms legal? ›

The legality of Prop firms has been a topic of debate. Regulations like the Volcker Rule and the Dodd-Frank Wall Street Reform and Consumer Protection Act have made it more difficult for banks to engage in proprietary trading.

Do prop firms use leverage? ›

Prop firms can use a more conservative leverage ratio. This can reduce the risk of big financial losses. For example, they can use a ratio like 1:30 instead of the industry standard of 1:100 or more. This could be crucial for long-term viability.

Which is the most trusted prop firm? ›

Best Prop Trading Firms 2024 - Reviewed by Experts
  1. Topstep: A Leader in Trading Innovation. ...
  2. The 5%ers: Forex Trading with a Twist. ...
  3. Earn2Trade: Empowering Aspiring Traders. ...
  4. SurgeTrader: A Gateway to Diverse Trading Assets. ...
  5. FTMO: Stringent Yet Rewarding. ...
  6. E8 Funding: Innovative and Flexible.
Feb 2, 2024

Which prop firm gives weekly payout? ›

Proprietary Trading Firm Payout Cycles
Proprietary Trading FirmPayout Cycle
Axe TraderWeekly
Bespoke FundingBi-weekly
Blue GuardianBi-weekly
Cash Flow FundingElite Challenge: Weekly Standard Challenge: Bi-weekly
36 more rows
Apr 2, 2024

Can you live off prop firms? ›

Yes, as a funded trader with True Forex Funds, it is possible to make a living from prop trading firms. Proprietary trading firms, or prop firms, often provide traders with the opportunity to trade with the firm's capital, allowing them to access larger trading positions and potentially increase their profits.

Can you make a living with prop trading? ›

Prop trading can be lucrative, with earnings tied to a profit-sharing ratio. Unlike traditional brokers relying on commissions, prop traders' income directly links to generated profits. Ratios vary, often ranging from 75/100 to 90/100, offering flexibility based on experience and strategy.

Can you make a living as a prop trader? ›

As a result, anyone can be profitable as a prop trader because profitability is linked to their experience and skills, strategy, and ability to generate gains by trading in the market with the firm's capital.

Why is FTMO banned in the US? ›

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

Is MetaTrader banning prop firms? ›

MetaQuotes, the developer of popular trading platforms MetaTrader 4 and MetaTrader 5, is cracking down on several prop trading firms such as Ftmo, the5ers, etc., and forcing many brokers to terminate their services (if these firms do not comply). This decision has had a negative impact on most prop traders in the US.

What is the cheapest prop firm? ›

Best cheap forex prop firms
  • FTMO: evaluations starting at $399.
  • TopStepTrader: Challenges starting at $375.
  • T4tCapital: Flexible evaluation options starting at $299.
  • Funded Trading Plus: Starting at $25.
  • Earn2Trade: $99 Mini challenge.
  • True Trading Group: $49 evaluation with a $25,000 virtual account.
Feb 27, 2024

What are the disadvantages of prop firms? ›

5 Cons of Prop Trading
  • Auditions. For some traders, the requirement to pass an Audition or Challenge may be viewed as a drawback. ...
  • Competitive Environment. ...
  • No Guaranteed Income. ...
  • Long Learning Curve. ...
  • Psychological Pressure.
Oct 20, 2023

Are prop firms risky? ›

- Prop firms frequently offer high leverage and margin requirements, allowing traders to amplify their bets on the market. - While this can be exhilarating, it also comes with inherent danger. One wrong move can lead to significant financial losses¹.

What leverage do most traders use? ›

Many professional traders say that the best leverage for $100 is 1:100. This means that your broker will offer $100 for every $100, meaning you can trade up to $100,000.

Which prop firm has the lowest fees? ›

Best cheap forex prop firms
  • FTMO: evaluations starting at $399.
  • TopStepTrader: Challenges starting at $375.
  • T4tCapital: Flexible evaluation options starting at $299.
  • Funded Trading Plus: Starting at $25.
  • Earn2Trade: $99 Mini challenge.
  • True Trading Group: $49 evaluation with a $25,000 virtual account.
Feb 27, 2024

Which prop firm is best for scalping? ›

FTMO is considered one of the best Forex prop firms for traders due to its unique evaluation process, high capital allocation, and comprehensive support resources. Other top Forex prop firms for scalpers include City Traders Imperium (CTI), SurgeTrader, FundedNext, and My Forex Funds.

How much does the average prop trader make? ›

Proprietary trader salaries typically range between $60,000 and $165,000 yearly. The average hourly rate for proprietary traders is $48.09 per hour. Proprietary trader salary is impacted by location, education, and experience.

How many people fail prop firms? ›

According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time. While this result is not nearly as bad as the one discussed earlier, it still looks bleak for prospective prop traders.

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