Recent updates from The Funded Trader (TFT) have brought to light several significant enhancements and initiatives related to compensations, DXTrade, commissions, and execution data. In an effort to enhance user experience and address key operational areas, TFT has implemented crucial updates.
Server Upgrades and Mobile App Launch
One of the notable steps taken by the prop firm is the activation of a second server for all new and upgraded accounts. This strategic move aims to mitigate issues concerning swaps, commissions, execution, data, charting, and more, ensuring a smoother trading experience for all. Traders encountering any problems are encouraged to report through the dedicated ticket system for quick resolution. Adding to the excitement, TFT is on the cusp of launching its mobile application for both iOS and Android users, expected to roll out within the forthcoming two weeks.
Addressing Wrongful Breaches and Compensation
TFT has taken decisive measures to address wrongful breaches affecting over 1,000 accounts due to EMR. Those impacted can expect to receive notifications about the resolution process soon. Furthermore, the firm is gearing up for the second round of compensation, set for later today or early next week, aimed at ameliorating any inconveniences or losses incurred by its users.
DXTrade Challenge and Funded Account Enhancements
Delving into specifics, here are the latest updates concerning the DXTrade Challenge and Funded Accounts:
- DXTrade Challenge Accounts: An additional 5% of the current phase profit target will be credited to accounts, bolstering potential returns for traders.
- DXTrade Funded Accounts: Traders will benefit from a 50% off coupon applicable to any challenge one account size smaller than their current highest starting balance Funded account. For instance, holders of an active 300K Funded Standard Challenge account will be eligible for a 50% discount on any 200K challenge or lower.
- Breached Challenge/Funded Accounts: Account balances will be adjusted to 1% above the breached equity level to mitigate the impact of downtime periods.
Additionally, TFT is broadening its platform offerings with the introduction of Matchtrade and Tradelocker, presenting traders with expanded options and opportunities for diversification.
Commission-Free Pilot and Platform Expansion
In an innovative pilot initiative, TFT is offering free commissions for all active challenge accounts until April 5th. Following this trial period, commission levels will undergo a review and potential adjustment based on the initiative’s outcome.
About The Funded Trader
The Funded Trader stands out in the prop trading sphere with its impressive offerings:
- Highly regarded Trustpilot rating of 4.2/5.
- Five unique funding programs tailored to diverse trading strategies and goals.
- An option for a free trial, allowing traders to test the waters before committing.
- A sophisticated Professional Trader Dashboard for seamless trading management.
- A vast array of trading instruments including Forex pairs, commodities, indices, and cryptocurrencies.
- Competitive leverage up to 1:200, catering to various trading styles and preferences.
- The flexibility of no maximum trading day requirements, accommodating both short-term and long-term traders.
With these updates and enhancements, The Funded Trader is setting a new benchmark in the prop trading industry, offering an even more robust and trader-centric platform.