Leverage Update: The Funded Trader Adjusts for Gold and Silver
A Shift in Leverage: TFT Redefines Trading Dynamics
The Funded Trader (TFT) has announced a pivotal leverage update for Gold and Silver commodities, effective March 5, 2024, post 5 PM EST. This strategic adjustment modifies the current leverage ratio for Metals, including Gold and Silver, as well as commodities like Oil, from 1:40 to a new ratio of 1:30.
Adapting to Industry Standards
This update aligns TFT’s leverage structures with prevailing industry standards, ensuring a more balanced and competitive trading environment for its users. While the change may not align with every trader’s preferences, TFT emphasizes that it is part of a broader strategy to enhance the trading experience.
Impact on Accounts and Trading Strategies
The 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’s Commitment to Innovation
TFT emphasizes that this update 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.
