👀 Your weekly prop trading roundup is here

Hi everyone, it’s Kieran. What a wild weekend of events, let’s get into it.

A lot of buzz on social media this morning about Apex, as they have announced major changes. Seems like a total overhaul where lots of rules have been removed and a new EOD account type has been introduced. Click through for details.

📢 Firm Announcements via promojunction.io

• Tradeify continued expanding platform integrations, with WealthCharts now embedded across accounts.

• Alpha Futures delayed the Alpha Trader platform launch for further testing and confirmed migration options for ProjectX users to Tradovate, NinjaTrader, or Alpha Trader.

• Funded Futures Family teased the launch of Funded Crypto Family with a live waitlist and announced potential Classic plan retirement discussions.

• Funded Trader Markets increased its crypto payout cap to $5,000 per transaction, applying a 5% processing fee and restricting payouts to TRC20 USDT.

• ATFunded stopped onboarding new clients from Indonesia following a rise in KYC related fraud.

• Finotive Funding implemented temporary margin increases on metals and energy due to geopolitical volatility and thinner liquidity conditions.

• BrightFunded issued a geopolitical risk warning citing potential slippage, spread widening, and connectivity issues.

• Blue Guardian Futures confirmed CME Globex metals trading has fully resumed after exchange level disruption.

• AquaFutures began migrating ProjectX accounts to Volumetrica and DeepChart, with profits and progress carried over.

• FundingTraders opened applications for its AI powered assistant program Axlrd Alpha Access, with funded accounts offered as rewards to selected testers.

• PipFarm launched swap free accounts across all instruments without leverage reduction and introduced a max loss add on increasing allowable drawdown by 1%.

• Blueberry Funded added certificate privacy mode, nickname display options, and a new 110% payout option when withdrawing to Blueberry Markets.

• My Crypto Funding rolled out its Trading Command Center featuring automated journaling, heatmaps, and advanced crypto metrics.

• Top One Trader introduced the Nova account model with zero upfront payment and funding fee payable only after passing.

To get announcement alerts for your favorite firms, head over to promojunction.io.

From Payout Junction, here are the firms who paid out the most over the last 7 days 🏆️.

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🕜 Red Folder News

Here are this week’s red folder news events. Obviously events in Iran will take center stage however Non-Farm Payrolls on Friday could throw a little extra volatility into the mix.

📈 Markets

Oil gaps up 7%

Fluid situation in the Middle East so expect volatility across all asset classes. Oil of course the critical market to keep an eye on.

Oil reaction to previous conflicts

Lots of different ways this Iran situation can escalate. The outcomes for oil prices are mixed however, so keep an open mind.

March, the month were the lows of the year tend to get tested.

On a 20 year lookback, the first couple of weeks of March have often been very difficult for the stock market. However history shows that if you can remain patient and catch the low, it could be a nice couple of months ahead.

Fearful Market Sentiment

Not surprising, but what is notable is we are still far from extreme levels of fear. We could go much lower from here before contrarian longs become interesting.

Gonna be a wild week, have a good one!

Kieran

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