FunderPro, a prominent name in the trading industry, has announced key updates aimed at fostering responsible trading and offering greater flexibility in payouts for its funded traders. These changes include discontinuing trading competitions and introducing a new payout method through Rise.

FunderPro Announces, End of Trading Competitions: Prioritizing Responsible Trading Practices

FunderPro has decided to halt its trading competitions indefinitely, following a comprehensive analysis of trader behavior. The data showed that traders participating in competitions were more likely to fail their accounts compared to those in Phase-1 trading, indicating that the competitive environment was not conducive to disciplined trading or sound risk management.

The company found that trading competitions often led to risky, gambling-like behavior, contradicting its core values of promoting responsible trading. By discontinuing these competitions, FunderPro aims to redirect its focus towards initiatives that encourage traders to develop robust risk management skills, ultimately supporting their long-term success.

Introducing Rise: A New, Flexible Payout Option for Funded Traders

Alongside the discontinuation of trading competitions, FunderPro has launched Rise as a new payout method for funded traders. Rise is a versatile payment solution that supports various fiat currencies and cryptocurrencies, providing traders with the ability to receive payouts directly to their bank accounts in their preferred currency.

To access this service, traders simply need to provide their email address in the payout details and select Rise during the payout process. They will then receive an onboarding link to complete the setup. This new option offers a smooth, flexible alternative to the existing USDT payout method, which will remain available for traders who prefer the traditional route.

These updates reflect FunderPro’s ongoing commitment to improving the trading environment by aligning its services with the evolving needs of traders, focusing on flexibility and responsible trading. For more information on these changes and other recent updates, traders can visit FunderPro’s official channels.