The Funded Trader has announced a suite of important updates aimed at enriching the trading experience for its community. Scheduled for launch on Friday, October 6th, these enhancements represent a key evolution in the services offered by the firm, promising to bring about significant improvements for both current and aspiring traders.

What’s New at The Funded Trader?

Royal Challenge 14-Day First Payout Add-on

A notable addition is the 14-day first payout option for the Royal Challenge, designed to streamline the onboarding process for new traders. This initiative is a step forward in facilitating a more efficient transition for participants eager to commence their trading endeavors.

Purple Trading MT4 and MT5 Integration

The incorporation of Purple Trading’s MT4 and MT5 platforms for Challenge and Funded Accounts expands the arsenal of tools available to traders. Recognized for their intuitive design and comprehensive functionalities, these platforms are set to enhance the trading experience significantly.

Expedited Challenge Phase Transitions

Additionally, the duration between phase 1 and phase 2 of both Royal and Standard Challenges will be reduced, allowing for a swifter progression. The adjustment from 24 to 12 hours in regular challenges, and from 12 to 6 hours in Rapid Challenges, underscores the firm’s commitment to accelerating the challenge timeframe for traders.

Phase-out of Eightcap MT4

The announcement also marks the discontinuation of Eightcap MT4 for new purchases, with existing users being able to continue their trading activities on the platform until after the updates take effect.

Payout Adjustments and Operational Improvements

The firm has addressed recent payout requests, outlining a schedule for clearing outstanding payments. This effort to streamline payouts, coupled with operational enhancements, signifies The Funded Trader’s dedication to providing a seamless experience for its community.

In addition to these updates, a September Community update is scheduled for Tuesday at 9 am EST, promising further insights into these changes and what they mean for The Funded Trader’s future.

About The Funded Trader

The Funded Trader is grounded in the belief that dedicated traders should have the opportunity to leverage capital based on their performance and commitment to their trading careers. With a focus on identifying skilled traders capable of navigating diverse market conditions, The Funded Trader continues to support the growth and success of its community.