Happy Monday, Traders! This is FundingFactory, the trading newsletter that never sleeps to deliver you the best information in the industry.

Mr. Prop

On today’s Menu:

• SurgeTrader collapses ☠️

• FundedEngineer new rules 💡

• TheTradingPit updates data feeds 📈 

☠️ SurgeTrader closes operations

After what seems to have been a last ditched attempt to publicly shame MatchTrader last week for removal of services, SurgeTrader has now closed operations.

Previously covered by FundingFactory, MatchTrader had announced the suspension and revocation of the main operating license for SurgeTrader, LLC. and Just last week Jana Seaman, Founder of SurgeTrader had committed to finding a new trading platform partner.

However after just a week of operational inefficiency with no ability to facilitate sales, SurgeTrader has announced their closing.

Now this really wasn’t a surprise to most traders.

Last year SurgeTrader was accused of $35M Ponzi scheme.

With surmountable forces built up against SurgeTrader, negative publicity, and accusations of fraud, its surely unlikely other trading platforms are interested in working with SurgeTrader, and hence the reason for the shutdown.

Though we haven’t seen any industry initiatives to support those affected by SurgeTrader’s Collapse, we have also never heard a trader say they are funded with SurgeTrader.

Maybe that to could be another reason for the shutdown? But either way, we wish well for any all who may potentially be affected.

💡 Funded Engineers adds additional rules

Effective today, may 27th, FundedEngineer has now implemented an additional rule to the current minimum 3 trading day requirement.

Previously, traders could bypass the 3 minimum trading day requirement by successfully passing in 1 trading day and then place 0.01 lots on the remaining days and still pass.

With the industry trend of challenges getting more difficult and firms often times restricting/requiring traders to show additional display of skill before being fully funded, FundedEngineer has decided to require 0.5% profit on each trading day to be counted towards the 3 minimum trading day requirement.

This change will be effective on all accounts purchased, regardless of the time of sale.

📈 TTP brings new Market data

As of Today, all TheTradingPit challenges will now come with CME Top of Book (L1) Market Data, with any other types of market data (level 2) having to now be purchased from the client area.

Lets break it down in detail:

Level 1 Data: Introduction

Level 1 Data forms the backbone for any trader, offering crucial market insights for a specific futures contract. This data is part of your subscription when you sign up and remains free during the challenge and simulation-funded stages. It provides a snapshot of:

• Bid/Ask

• Last Traded Price

• Volume

• Open Interest

• Time and Sales Data

Level 2 Data: Advanced

For those seeking a more in-depth view on the market, Level 2 increases your data access to provide:

• Bid and Ask ladders

• Market Depth

• Order Size

• market Participants

In conclusion this change marks a massive update for TTP and aligns the data offering to that of MFFU/TopStep, and with TheTradingPit being backed by PinorenaCapital, this is surely the first of many more updates to come.

🆕 Coming soon to TrustedProp

Trusted prop announced a tease of the new website coming soon!

Here’s are all the features you need to know about coming soon to TheTrustedProp:

• Find Firms by webtraffic

• Information on firms (Legal, trustpilot, webtraffic, reviews)

• latest deals

• TrustPoints

What seems to be a full overhaul we wanted to highlight a bit more about our favorite sneakpeak, TrustPoints!

TrustPoints can be earned through purchases made on TheTrustedProp and can be redeemed to get free trading challenges from Prop Firms. Weather inspired by or stolen from PropFirmMatch, this is a great addition the the business and surely only helps to increase traders loyalty to the platform.

❤️ New on YouTube

Todays new YouTube videos published by the most popular traders

1.) The Traders Roundtable: J Dunn, Carmine Rosato, Usman Ashraf & Rake Trades | WOR Podcast

On this episode of the Words of Rizdom podcast we are joined by J Dunn, Rake Trades, Usman Ashraf & Carmine Rosato. In this 2 hour roundtable we are given a masterclass on Options & Futures Trading. We weigh up to pros and cons to both and debate topics multiple topics covering how to handle drawdown, finding your edge, psychology, supercars and so much more! I hope you enjoy this one!

1.) The Only ICT playbook you need (AMD + Silver Bullet)

Paladin is back! In his four years of trading ICT, this specific playbook with these three entries taught in this video has helped him make 6 figures with prop firms. I hope you guys learn and gain value from this.

🤣 Daily Memes

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