The Funded Trader: Gold & Silver Commodities Leverage Update

The Funded Trader (TFT) recently unveiled a significant leverage update affecting Gold and Silver commodities.

By GI Team

1,520

The Funded Trader (TFT) recently unveiled a significant leverage update affecting Gold and Silver commodities. This modification, set to take effect on January 5, 2024, after 5 PM EST, entails a shift in leverage ratios for Metals, including Gold and Silver, as well as other commodities like Oil. The existing 1:40 ratio will be adjusted to a revised 1:30 leverage ratio specifically for these instruments.

Impact and Exemptions

Notably, this leverage adjustment does not extend to swing accounts and knight challenge accounts. Traders operating with swing accounts or actively participating in knight challenges can proceed with their activities with minimal disruption. However, all active Challenge and Funded accounts with Purple Trading, Eightcap, and ThinkMarkets will be subject to leverage modification, necessitating traders to adapt their strategies accordingly.

TFT’s Strategic Decision

TFT’s decision to recalibrate leverage ratios aligns with the broader goal of diversifying available instruments for traders while ensuring leverage structures are in harmony with industry standards. While acknowledging that this may not be the expected update for all traders, TFT reassures its user base that these adjustments signify the beginning of a series of forthcoming enhancements aimed at optimizing the overall trading experience.

Traders’ Adaptation

Traders are urged to stay vigilant for further communications from TFT. The company is actively working to expand its product offerings and ensure competitive leverages within the dynamic prop trading landscape. Despite the immediacy of these changes, they represent integral steps in solidifying TFT’s commitment to providing a cutting-edge and adaptable trading environment for its diverse clientele.

About The Funded Trader

The Funded Trader, legally known as The Funded Trader LLC, was incorporated on May 12, 2021, and is based in Liberty Hill, Texas. Angelo Ciaramello serves as the CEO. TFT has established partnerships with brokers such as Eightcap, ThinkMarkets, and Purple Trading Seychelles, offering five account types, including two-step evaluations, one-step evaluations, and three-step evaluations.

Explore our in-depth review of The Funded Trader for details, and apply for exclusive benefits: PW (7.5%) + 1.8% GI-Cashback.

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