Prop trading firm BEM Funding has announced it will accelerate its account verification process. Starting Nov. 7, the company guarantees that all new funded account reviews will be completed within 48 hours.
The policy is intended to minimize the waiting period for traders after they pass the firm’s evaluation phase. This delay has traditionally been a point of friction for traders seeking to begin live trading. In a statement, BEM Funding said the change was driven by a need to better align with the pace of financial markets.
Addressing a Common Pain Point
As previously reported, FundingTraders introduced a revised payment structure that postpones most fees until traders successfully complete a required evaluation.
Promoted as a “risk-free challenge,” the firm says this model is a first in the industry. Under the new approach, participants pay a minimal upfront fee to start the challenge, with the bulk of the cost due only if they pass and qualify for a funded account.
At the same time, FundedHive, a web3-based prop trading firm, has launched a new initiative called “Instant Growth,” enabling traders to quickly scale their accounts up to $1,000,000 without going through standard evaluation procedures.
Unveiled on Nov. 3, the program allows users to begin trading right away with a $10,000 account. To progress to higher tiers, traders must achieve a 6% profit target at each stage, relying solely on profits earned within the account.
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