Prop Trading News
Industry updates, market events, and firm announcements — June 2026
ECB Cuts Rates to 2.50% — EUR/USD Rallies 85 Pips, Prop Traders Reap Rewards
The European Central Bank cut its main deposit facility rate to 2.50% at its June meeting, in line with consensus. EUR/USD surged from 1.0980 to 1.1065 within 2 hours of the decision. Prop traders on EUR/USD long setups reported significant gains, with several FTMO and The5%ers accounts hitting 5-day profit targets in a single session.
FTMO Removes Daily Drawdown Cap for $200K Accounts in Q2 2026 Update
FTMO announced that $200,000 funded account holders will no longer be subject to the 5% daily drawdown limit starting June 1, 2026. The change applies only to active funded traders who have completed at least 3 successful payout cycles. The maximum account drawdown rule of 10% remains in place.
Bitcoin Holds $103,400 Support as Fed Signals Continued Rate Hold
Bitcoin consolidated above $103,000 for the 4th consecutive week as Federal Reserve minutes indicated no rate changes expected through Q3 2026. BTC/USD prop trading saw increased activity on FundedNext and MyFundedFX accounts, both of which include crypto pairs.
MyFundedFX Launches Instant Funding Accounts Starting at $49
MyFundedFX introduced a new 'Instant Capital' product line offering immediate funded accounts without evaluation, starting at a $49 one-time fee for a $5,000 account. Drawdown rules are tighter (8% total, no daily limit), and profit splits are capped at 80% until traders demonstrate 3 months of positive performance.
NFP May 2026: 192K Jobs Added, USD Strengthens Across the Board
The US economy added 192,000 non-farm payroll jobs in May 2026, above the 185,000 consensus forecast. The unemployment rate held at 4.0%. USD strengthened against all major currencies: DXY rose 0.45%, EUR/USD fell from 1.1065 to 1.0988, GBP/USD from 1.2740 to 1.2665. High-impact sessions like this are frequently cited as account-termination events for undisciplined prop traders.
PropFirmHQ 2026 Payout Report: $35M+ Verified Across 6 Firms in Q1
PropFirmHQ's Q1 2026 aggregated payout report verified $35M+ in total payouts across six major prop firms. FTMO led with $12.4M, followed by The5%ers ($8.1M) and FundedNext ($5.2M). All firms maintained positive payout consistency scores above 95% (percentage of payout requests fulfilled within stated timelines).