The Funded Trader has shared important updates to its Royal Pro Challenge, responding to trader feedback with exciting changes.
The Funded Trader has shared important updates to its Royal Pro Challenge, responding to trader feedback with exciting changes.
The Funded Trader has shared important updates to its Royal Pro Challenge, responding to trader feedback with exciting changes aimed at improving flexibility and rewards for participants.
One of the most notable changes is the removal of the daily profit cap. Previously, traders had a daily profit limit during the challenge, but with this update, all newly purchased accounts are now free from this restriction. For traders progressing through the challenge, this cap is also lifted as they move to the next phase. However, existing funded accounts will not be impacted by this change. For newly funded accounts, the removal of the daily profit cap provides more freedom and potential for higher earnings.
In the Funded Stage, a new minimum daily profit requirement, dubbed “The Daily March,” has been introduced. To qualify for payouts, traders must now achieve at least a 1% profit on two separate trading days (not necessarily consecutive). Additionally, payouts have been made more frequent, now occurring every two days, giving traders quicker access to their earnings. The first two payouts are capped at 5%, but all subsequent payouts are capped at 10%, with profits carrying over into the next withdrawal period.
Another exciting development is the increase in the reward split. Newly funded accounts will now benefit from a 90% payout, up from the previous 75%. This significant boost enhances the earning potential for traders who successfully manage their accounts.
Finally, the firm has updated its leverage options to match those available for Knight Pro accounts. Forex leverage is now set at 1:30, gold and commodities at 1:10, indices at 1:5, and crypto at 1:1.
These updates mark a significant step forward in enhancing the Royal Pro Challenge, offering traders more flexibility, higher earnings, and a better overall experience.
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The Funded Trader follows a belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business. They are searching for passionate and experienced traders who will succeed with the help of their funds by showing skills in various market conditions.
Bespoke Funding strives to create unique funding opportunities for traders worldwide by creating approachable ways to become a professional, funded trader who can remotely manage their capital. They have developed a user-friendly experience with the industry's best technology to back it.
MyFundedFX offers traders three different challenge programs that aim to provide an opportunity to trade without risking their own capital. Profitable traders receive a payment based on a specific percentage of the profits they make while having no liability on the firm's capital, meaning that they will cover all losses.
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