The Funded Trader (TFT) has made a significant announcement regarding a pivotal leverage update for Gold and Silver commodities, effective from March 5, 2024, post 5 PM EST. This update will see the current leverage ratio for Metals, including Gold and Silver, as well as commodities like Oil, modified from 1:40 to a new ratio of 1:30. This change aims to align TFT’s leverage structures with current industry standards and enhance the trading experience for its users.
Impact on Accounts and Trading Strategies
Notably, this leverage adjustment will not affect swing accounts and knight challenge accounts, allowing traders within these categories to continue their activities with the existing leverage settings. However, traders with active Challenge and Funded accounts through brokers such as Purple Trading, Eightcap, and ThinkMarkets will need to adjust their trading strategies to accommodate the new leverage ratio.
TFT emphasizes that this update is part of a broader strategy to diversify trading instruments and adjust leverage in line with industry trends. While the update might not meet every trader’s expectations, TFT assures its community that this step is a precursor to a series of enhancements designed to improve the trading environment and offer competitive advantages in the prop trading landscape.
Traders are encouraged to stay informed about further updates as TFT continues to expand its product offerings and refine its leverage policies to maintain a competitive edge in the dynamic world of proprietary trading.
About The Funded Trader
The Funded Trader LLC, established on May 12, 2021, and based in Liberty Hill, Texas, is a proprietary trading firm led by CEO Angelo Ciaramello. Offering traders a choice between five account types, including three two-step evaluations, a one-step evaluation, and a three-step evaluation, TFT partners with esteemed brokers Eightcap, ThinkMarkets, and Purple Trading Seychelles to provide a robust platform for trading success.
