Exciting Updates from The Funded Trader: DXTrade, Compensations, and More

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.

New Prop Firms

TradeApp is a new prop trading firm offering global traders access to capital with flexible evaluation phases, profit splits of up to 90%, and educational resources. Ideal for traders looking to grow without risking personal funds.

We Fund You Trade (WFYT) offers traders a chance to manage up to $200,000 in capital with profit splits of up to 85%. Their two-step evaluation process aims to identify disciplined and profitable traders, providing a clear pathway to funded trading.

Sieg Fund is a prop trading firm that offers various funded trading challenges for traders of all experience levels. With options for both beginners and advanced traders, Sieg Fund provides live trading accounts, robust risk management, and the flexibility to use diverse trading strategies, including Expert Advisors and high-frequency trading.

The Lionheart Funding Program offers a range of trading challenges designed to help traders access funded accounts. With flexible evaluation phases, competitive trading conditions, and various options tailored to different trading styles, it aims to support both novice and experienced traders in scaling their trading careers.

Skilled Funding is a prop trading firm offering up to $200,000 in funding with profit splits up to 100%. The firm provides a flexible evaluation process with no time limits, allowing traders to demonstrate their skills and progress to funded trading.

Syndicate Funded is a Dubai-based prop trading firm offering flexible challenges, competitive profit splits, and supportive trading conditions. It caters to traders seeking growth with high leverage, low spreads, and transparent rules.

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