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Seasoned forex veteran Joshua Dentrinos has acquired a partial stake in Funded Peaks, a German-based funded trading firm. Effective immediately, Dentrinos steps into the role of interim Chief Executive Officer.
Goat Funded Trader (GFT), a proprietary trading firm, has reintroduced access to the MetaTrader 4 platform for its clients, ending a four-month suspension.
Fintokei, the prop trading brand backed by the Seychelles-registered entity of Purple Trading, is expanding its global footprint, targeting new markets in Australia, Europe, and Southeast Asia. The company also has future plans to enter the Latin American markets.
Cyprus-based Traders Trust has joined the growing trend of forex and contracts for differences (CFDs) brokers entering the prop trading market. The retail broker has now launched its prop trading services under the new brand, TradingCult.
The Funded Trader addresses withdrawal delays, introduces new ownership, and announces relaunch plans amidst ongoing operational challenges.
Just seven days after SurgeTrader, a Florida-based proprietary trading firm, revealed that Match-Trade Technologies had terminated its license, the firm decided to shut down operations. This move came as SurgeTrader found itself unable to secure alternative platforms to continue serving its retail traders
MyFlashFunding has acknowledged that a significant number of its traders are experiencing delayed payouts from the retail proprietary trading firm for up to two weeks.
Retail proprietary trading firm True Forex Funds has recently announced publicly that it is shutting down permanently after halting operations in February.
Proprietary trading firms, commonly known as prop firms, have been gaining attention in the forex and cryptocurrency industry. These firms recruit traders to trade with their capital, offering potentially lucrative opportunities. However, the question arises: Are prop firms truly worth the hype?