Prop Firm Updates - August 27, 2024

Author

Prop Trader Edge
August 26, 2024

🗞️ TODAY’S PROP TRADING INDUSTRY NEWS

  1. WHICH PROP FIRM DID BROKER AXE SECURITIES BUY?

  2. TOP STEP REMOVES DAILY LOSS LIMIT ON NEW AND RESET ACCOUNTS

  3. MY FUNDED FUTURES ADDS CUSTOMIZED RISK CONTROLS

🌟 BROKER AXE SECURITIES ACQUIRES PROP

Another broker expands into the prop space with Axe Securities purchasing The Forex Funder. According to their social media post, “This strategic move strengthens our capabilities and expands our reach within the global trading world.”

🚀 TOP STEP REMOVES DAILY LOSS LIMIT ON NEW AND RESET ACCOUNTS

According to the firm, “TopstepX is giving you the power to set your own limits! Starting today, the Daily Loss Limit will be removed from all new or Reset accounts. Set a Personal Daily Loss Limit tailored to your own risk tolerance and trade your way on the Ultimate Trading Xperience!”

🚀 MY FUNDED FUTURES ADDS CUSTOMIZED RISK CONTROLS