Big news in the prop trading world: MyFlashFunding has just been acquired by Sway Funded. If you’ve been following the ups and downs of MyFlashFunding, this development is set to bring some much-needed stability and exciting new features to your trading experience. Let’s dive into what this acquisition means for you.
New Management, New Benefits
Starting July 27, 2024, all active MyFlashFunding accounts will be migrated to Sway Funded. This transition promises a host of benefits aimed at improving your trading journey. Here’s what you can look forward to:
- Daily Payouts: No more waiting for weeks to get your earnings. Sway Funded is introducing daily payouts, making it easier for you to access your funds quickly.
- Enhanced Trade Execution: Enjoy faster and more reliable trade executions.
- Competitive Spreads: With spreads starting at just 0.01 pips, you’ll have better trading conditions.
- Flexible Account Options: Accounts will start as low as $10, with add-ons like profit target reduction, a 90% profit split, and fixed drawdown options.
- Sway Charts: Access advanced trading charts available on both web and mobile platforms​​.
Addressing Past Issues
If you’ve been affected by the recent payout delays at MyFlashFunding, you’re not alone. The firm experienced a “data feed issue” that led to unusually favorable trading conditions, causing them to adjust and deny some payouts. This issue even got them suspended from Propfirmmatch, a popular prop trading comparison site.
Blake Carter, CEO of MyFlashFunding, has been actively addressing these concerns. In a series of communications, he assured traders that the data feed problem has been fixed and that all pending payouts are being processed. Carter emphasized that the firm is committed to regaining the trust of the trading community and improving operational stability​.
What’s Next?
As your accounts transition to Sway Funded, you can expect a smoother and more reliable trading experience. The enhanced features and daily payouts are just the beginning. Sway Funded is set to elevate the standards in the prop trading industry, providing you with the tools and support you need to succeed.
