Rise and Shine, Traders! This is Funding Factory, sharing daily insights from all your favorite firms.

Mr. Prop

On today’s Menu:

• Consummate traders Changes 😊

• MYFF payout announcements 👀

• ExpressFunded community notice 💀

• Smart PropTrader announces cTrader Integration 🎉

😊 Consummate Traders brings back Synthetics

As if trading traditional indices wasn’t enough now prop firms are starting to introduce Synthetics.

Popular to major forex broker Deriv, Consummate Traders is bringing back volatility synthetics to its traders.

What is this weird asset class you might ask?

Very popular in Africa, synthetic indices are:

• artificial instruments available for trading based on a number generator secured through cryptography

• synthetic instruments trade 24/7

• 6 different types of synthetics: volatility, crash & boom, continuous, step, range break, and jump indices

• Highest volatility and leveraged

What are the most popular synthetic indices to trade?

With great reason to bring volatility indices to consummate, the Volatility 75 index is the most popular synthetic index to trade, reason being that its easiest to trade with small size personal capital.

This index has a 75% volatility and makes 3 jumps per hour on average, giving it the name Volatility 75 index.

With respects to Consummates traders decision to add synthetics indices, this is surely a move to regain trust and garner back the African audience the firm once had before both founders resigned.

Continuing to operate under new management we hope to see consummate traders become a popular option again for those looking to trade alternative assets.

👀 MyFlashFunding addresses payout delays

With rumors spreading of potential MYFF operational failure, Blake (CEO of MYFF), took to discord to address trader concerns head on.

For full transparency blake states:

• less than 50 payouts delayed

• longest wait period is 2 weeks

• traders paid in order

• rumors were spread by affiliates

Along side the claims Blake states “MyFlashFunding is in a much better spot than some traders are spreading/speculating.”

As always operations will continue as normal, MYFF looks forward to getting back to same day payouts, and is rotted strong in the belief to not let data feed delays and payout rumors define the business.

💀ExpressFunded

Popular Forex Firm ExpressFunded, announces the resign of founder and Nigerian influencer, KojoForex.

Here’s the timeline of events:

• shames prop firms daily

• starts his own firm as founder and owner

• firm starts to have payout delays and ban traders from discord

• kojo resign and leaves duty to “co-founders”

Whats next? ExpressFunded seize operations and close for good?

Well its looking more and more likely, Although KojoForex makes claims they are in full operations and the two co-founders are qualified to run the business, he never once stops to mention the issues that lead up to his resign.

First traders have issues getting credentials for challenges. Then the discord server goes down and nobody can access the server, the firm to tells traders they will get refunded, then forgets about the promise to traders refunds and relaunch operations so KojoForex can step down.

What seems to be a surmountable amount of pressure surely cant be easy for anyone to handle, however as an active founder and owner during times of hard ship, this would have been the time to step up, not step down.

With community sentiment turning back on ExpressFunded we think its only a matter of time until the collapse.

🎉 SPT announce cTrader Integration

Long awaited and often teased, SmartPropTrader has finally finished the cTrader Integration.

SmartPropTrader is still working with Thinkmarkets as the broker for all execution's and spreads bringing the number of available trading platforms to a total of three.

• MatchTrade

• DXTrade

• cTrader

With Thinkmarkets being the main provider to SPT and also having recently launched an interal trading platform with tradingview charts, ThinkTrader, we will be curious to see if they decide the make the integration for a 4th trading platform in the future.

🤣 Daily Memes

Today the BidenHarris Campaign announced the open position of Meme manager, so we thought it would only be right to theme our daily memes around biden:

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