Welcome to the wild world of trading, where each week feels like a soap opera featuring prop firms, controversial figures, and a sprinkle of chaos. Let’s dive into the biggest stories that had traders buzzing this week. TakeProfit Trader Abolishes the Daily Loss Limit Imagine this: you’re staring at your charts, dreading the dreaded daily …
Read more “Prop Firm Shakeups, Scandals, and a Cigar-Clad Streamer Steals the Show”
The world of proprietary trading continues to churn out high-profile stories, with financial disputes, legal battles, and new developments capturing traders’ attention. This week, we dive into FastTrack’s bankruptcy, Apex Trader Funding’s countersuit, and updates from TakeProfit Trader. FastTrack Trading: Bankruptcy and Potential Clawbacks FastTrack Trading LLC’s recent bankruptcy filing has sparked concerns for traders, …
Read more “FastTrack Bankruptcy Fallout, Apex Counter claims, and TakeProfit Highlights”
The prop trading world faced explosive revelations this past week with Fast Track Trading’s abrupt shutdown, leaving many traders shocked and frustrated. As the fallout continues, competing prop firms like Apex are also in the spotlight amid widespread community concerns. Fast Track Trading’s Sudden Closure Last Thursday, Fast Track Trading (FTT) shocked traders by announcing …
Read more “Prop Trading Chaos: Fast Track’s Fallout, Apex’s Controversies, and Community Reactions”
In a dramatic development in the trading world, Fast Track Trading LLC finds itself at the center of a major controversy. As allegations mount, over 600 traders have joined forces in a class-action lawsuit against the company, citing financial mismanagement, unpaid payouts, and possible insolvency fraud. Here’s a closer look at the story as it …
Read more “Fast Track Trading Faces Class Action Lawsuit as Traders Seek Justice”
The prop trading world faced explosive revelations this past week with Fast Track Trading’s abrupt shutdown, leaving many traders shocked and frustrated. As the fallout continues, competing prop firms like Apex are also in the spotlight amid widespread community concerns. Fast Track Trading’s Sudden Closure Last Thursday, Fast Track Trading (FTT) shocked traders by announcing …
Read more “Prop Trading Chaos: Fast Track’s Fallout, Apex’s Controversies, and Community Reactions”
Fast Track Trading (FTT), a once-prominent prop trading firm, is facing severe scrutiny as leaked audio from CEO Scott reveals plans to abandon the firm’s operations and pivot to a hedge fund, despite millions of unpaid client funds. The audio, accompanied by damning chat logs, exposes a firm allegedly running on deception, with over $16 …
FastTrack Trading (FTT) has recently come under fire due to significant issues surrounding delayed payouts, abrupt rule changes, and the sudden departure of their COO. What started as an attractive prop trading platform now faces growing concerns among traders and affiliates about its financial health and management practices. Here’s an in-depth look at the current …
Read more “Fast Track Trading in Crisis: Payout Delays, Leadership Changes, and Trader Concerns”
Buffer Zone: The most significant change in FTT 2.0 is the introduction of a **buffer zone**, which is a mandatory reserve in your account before you can request a payout. In FTT 1.0, you could cash out everything once you reached the withdrawal amount. Now, for example, if you make $1,500, you can only withdraw …
Read more “Fast Track Trading 2.0: What You Need to Know About the New Rules”
Fast Track Trading just announced some significant rule changes a few days ago, and these are being applied retroactively, which has understandably sparked outrage. In this post, I’ll break down what’s happening, why it’s such a disaster for traders, and what you can do if you’re affected. Retroactive Rule Changes: A Massive Red Flag Fast …
Read more “The FastTrack Trading Payout Scandal: What You Need to Know and How to Protect Yourself”