Rise and Shine, Traders! This is FundingFactory, delivering you daily updates inside the trading industry.

Mr. Prop

On today’s Menu:

• FundingPips Delays payouts 💵

• Alpha Capital Launches ACG 👀

• Apex acknowledges unsustainable operations 🗑️

💵 FundingPips Delays Payouts

Huge changes to the way payouts happen at funding pips, but is this just a cover up for a larger issue?

On May 28th, FundingPips announced a restructure to the current payout system.

Instead of payouts every 5 days all traders will now be receiving funds on Tuesday making the payout cycle shorter in certain scenarios.

However, during this change FundingPips also delayed all current pending payouts until June 4th.

The same day as fundingpips plans to roll out “Tuesday payday”.

Though this is marketed as a “nEw ReVoLUtioN”, plenty of firms have operated this way such as

• ApexTraderFunding

• Traddoo

so this begins to beg the question.

Is it unjust to delay trader payouts on accounts purchased before the official date of the change? Is fundingpips struggling to drum up liquidity? Or has Khaled methodically planned this change?

👀 Alpha Capital announces new launch

Alpha Capital officially announced dates for the launch of ACG Markets. Get ready to set your calendar because ACG Markets is going live on:

JUNE 10th

ACG markets will act a traditional brokerage allowing deposits and withdraws but will also act as a facilitator to AlphaCapitalUK with high hopes from traders that ACG markets will launch with the likes of MT5.

For more info on Alpha Capital Group watch the latest video diving into the entrepreneurial journey and future plans ahead:

🗑️ Changes coming to ApexTradeFund

Earlier this week, in a series of lengthy videos, John laid the hammer down on the ATF community.

He firstly, stated claims about how his team will prioritize payouts and not prop drama.

simple!

If you break a rule, NO PAYOUT. If you ask about payout before the payout dates specified inside the FAQ, support will NOT RESPOND.

Additionally, ATF laid some stats on the table to help traders understand the internals, and ultimately come to a decision to benefit the longevity of the firm together.

lets look at the stats shared.

The stats teach you exactly whats wrong with offering 20 accounts.

Directly being spoken from the horses mouth, even APEX knows traders are misusing and abusing the system.

Though this is not hedging or arbitrage between firms…

This is very similar to a topic covered in our previous article overviewing How ICT thinks prop firms are casinos.

where we talked about the 8 ACC strategy / unlimited money generator, Essentially letting the trader have no skill to actually trade but by using multiple firms you can basically guarantee you get funded.

The only difference between ATF and the 8 ACC strategy is that with apex its all happening internally and this creates system risk when revenue doesn’t surpass payouts.

Luckily ATF is giving traders a say and hosting a survey allowing everybody to vote for change that benefits both the firm and the trader.

To get involved in the discussion or to learn more about the ongoing situation visit:

📈 TheTrustedProp new website is live

TheTrustedProp has finally launched its new website and its jam packed with features including:

• finding firms by web traffic

• aggregating competitions

• ask with AI

• TrustPoints

• position sizing calculators

During the build up to the launch of the new website TheTrustedProp also amassed a large organic community by making use of discord.

A large portion of TTP product offering needs a community to leave reviews and enforce a more sustainable trading environment by exposing's bad actors.

Building up discord did exactly that!

The trusted prop has consistently had 50+ live visitors and thousands of visits in the first day surely making its entry to the prop review space known.

❤️ Additional Daily Reads

1. PayPal USD (PYUSD) has just launched on Solana. 

2. $140M bitcoin wallet has awoken: can you believe this trader held BTC since 2010?

3. Dave and Busters transforming arcades to casinos: Is this a last ditch attempt to remain relevant?

🤣 Daily Memes

Submit memes to [email protected] for a chance to win a 100k trading account every week.