The Funded Trader has announced a change in one of its trading policies to improve clarity and transparency for its traders.
The Funded Trader has announced a change in one of its trading policies to improve clarity and transparency for its traders.
The Funded Trader has announced a change in one of its trading policies to improve clarity and transparency for its traders. The firm has officially renamed its “High-Frequency Trading (HFT) Rule” to the “Rapid Fire Trading Rule” without altering the underlying parameters of the rule.
The rule remains unchanged in its core aspects, and traders will still need to avoid utilizing high-frequency trading strategies that involve excessively rapid or repetitive trades within short periods. According to the firm, this name change reflects the goal of better aligning the policy with the specific trading strategy it aims to regulate, ensuring all traders clearly understand its intent.
Also, the decision comes after feedback from traders, with many seeking more precise terminology to describe the prohibited behavior. “We’ve heard your feedback and want to share an update regarding one of our trading rules,” The Funded Trader stated in a recent communication. “This is NOT a new rule but a name change to better reflect the strategy.”
So, in the announcement, The Funded Trader emphasized that the change is purely cosmetic, with no modifications to the rule’s parameters. The updated rule continues to prohibit strategies that involve rapid-fire trading, which can potentially disrupt the market or take advantage of short-lived price movements in an uncontrolled manner.
Traders have to review the updated FAQ section on the firm’s website or reach out to the support team for further clarification on the changes.
By taking this step, The Funded Trader aims to enhance the overall trading environment for its community by ensuring that all rules are clear, transparent, and easily understood, allowing traders to adjust their strategies accordingly.
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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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