Goat Funded Trader is suspending all live trading during the presidential election period from November 5-6.
In the meantime, other prop firms seem to maintain regular operations with cautionary advisories.
Goat Funded
Trader (GFT) has informed its clients that due to the U.S. presidential
election, it is temporarily suspending trading on live accounts as a “conservative
measure” in anticipation of “high volatility.”
Prop Firm Goat Funded
Trader Halts Live Trading During US Election
In the prop
trading industry, it's standard practice to restrict trading during periods of
increased price fluctuations. Many firms don't even allow trading during major
economic data releases (known as "news trading").
The U.S.
presidential election is certainly one of the events that could shake markets
to their core, and GFT has decided to completely suspend trading during this
period.
"We
will be disabling trading on all live accounts from November 5th, 5 pm UTC,
until November 6th, 1 pm UTC," stated the company's official announcement
published yesterday (Sunday) on their social media channels.
The prop
firm reminds its clients that all positions on live simulated accounts must be
closed before the designated date, or the system will automatically close them.
GFT
emphasizes that this applies to live accounts only. Traders who are in
challenge phases will still have access to their accounts. However, the prop
firm strongly advises exercising caution during this period.
"The
U.S. elections are expected to bring extreme volatility, which could cause
significant fluctuations in prices and increased risks of slippage, spreads
widening, and execution delays beyond our control," the statement
continued.
At the time
of this article's publication, Finance Magnates could not confirm
whether any other prop trading firms had taken measures similar to GFT's. Only
Optimal Traders has announced that they "anticipate a period of heightened
market volatility."
However,
the firm is not blocking trading or news trading during this period, though
they encourage their clients to consider the risks associated with this event
and suggest staying on the sidelines.
Financial Markets and US Elections
U.S.
presidential elections have historically influenced financial markets, with
varying impacts on the U.S. dollar, commodities, Bitcoin, and stocks. These
effects often stem from investor expectations regarding potential policy
changes and economic strategies of incoming administrations.
The U.S.
dollar typically experiences fluctuations during election periods. For
instance, following the 2016 election, the dollar strengthened as markets
anticipated fiscal stimulus and tax reforms under the new administration.
Conversely, in 2020, the dollar faced downward pressure amid uncertainties
surrounding the election outcome and the economic impact of the COVID-19
pandemic. These movements reflect investor sentiment and expectations of future
economic policies.
Bitcoin's
response to elections is relatively recent but notable. During the 2020
election, Bitcoin's price rose, possibly due to increased demand for
alternative assets amid economic uncertainty.
Anticipation
ahead of this year's elections is also driving markets. The dollar has reached
multi-month highs, Bitcoin has approached record peaks, and gold has once again
recorded an all-time high.
Goat Funded Trader Adds
cTrader
A week ago,
the proprietary trading firm announced the addition of cTrader, Spotware's
well-regarded trading platform, to its suite of investment tools. This marks
the latest in a series of updates by GFT, following its introduction of
TradeLocker and discontinuation of MetaTrader earlier this year.
Recently,
Goat Funded Trader hinted at a significant update on social media, prompting
some traders to speculate on the arrival of cTrader. Confirming these
predictions, GFT has launched cTrader and is offering discounted rates on its
trading challenges with the code CTRADER as part of the celebration. Having
phased out MetaQuotes' trading platforms twice in 2024, GFT has been actively
seeking alternative solutions. Following the rollout of TradeLocker in July,
the company evaluated cTrader in August as a viable addition.
In
September, CEO Edoardo Dalla Torre acknowledged client interest in the
platform, remarking, "We heard you want cTrader as well. Recently we
introduced TradeLocker. Should we add cTrader?" Now, two months later, GFT
has acted on this feedback by implementing the new platform.
GFT was one
of the first firms to abandon MetaQuotes' platform in February 2024 due to
licensing issues, briefly reintroducing it before ultimately opting for other
trading tools.
Goat Funded
Trader (GFT) has informed its clients that due to the U.S. presidential
election, it is temporarily suspending trading on live accounts as a “conservative
measure” in anticipation of “high volatility.”
Prop Firm Goat Funded
Trader Halts Live Trading During US Election
In the prop
trading industry, it's standard practice to restrict trading during periods of
increased price fluctuations. Many firms don't even allow trading during major
economic data releases (known as "news trading").
The U.S.
presidential election is certainly one of the events that could shake markets
to their core, and GFT has decided to completely suspend trading during this
period.
"We
will be disabling trading on all live accounts from November 5th, 5 pm UTC,
until November 6th, 1 pm UTC," stated the company's official announcement
published yesterday (Sunday) on their social media channels.
The prop
firm reminds its clients that all positions on live simulated accounts must be
closed before the designated date, or the system will automatically close them.
GFT
emphasizes that this applies to live accounts only. Traders who are in
challenge phases will still have access to their accounts. However, the prop
firm strongly advises exercising caution during this period.
"The
U.S. elections are expected to bring extreme volatility, which could cause
significant fluctuations in prices and increased risks of slippage, spreads
widening, and execution delays beyond our control," the statement
continued.
At the time
of this article's publication, Finance Magnates could not confirm
whether any other prop trading firms had taken measures similar to GFT's. Only
Optimal Traders has announced that they "anticipate a period of heightened
market volatility."
However,
the firm is not blocking trading or news trading during this period, though
they encourage their clients to consider the risks associated with this event
and suggest staying on the sidelines.
Financial Markets and US Elections
U.S.
presidential elections have historically influenced financial markets, with
varying impacts on the U.S. dollar, commodities, Bitcoin, and stocks. These
effects often stem from investor expectations regarding potential policy
changes and economic strategies of incoming administrations.
The U.S.
dollar typically experiences fluctuations during election periods. For
instance, following the 2016 election, the dollar strengthened as markets
anticipated fiscal stimulus and tax reforms under the new administration.
Conversely, in 2020, the dollar faced downward pressure amid uncertainties
surrounding the election outcome and the economic impact of the COVID-19
pandemic. These movements reflect investor sentiment and expectations of future
economic policies.
Bitcoin's
response to elections is relatively recent but notable. During the 2020
election, Bitcoin's price rose, possibly due to increased demand for
alternative assets amid economic uncertainty.
Anticipation
ahead of this year's elections is also driving markets. The dollar has reached
multi-month highs, Bitcoin has approached record peaks, and gold has once again
recorded an all-time high.
Goat Funded Trader Adds
cTrader
A week ago,
the proprietary trading firm announced the addition of cTrader, Spotware's
well-regarded trading platform, to its suite of investment tools. This marks
the latest in a series of updates by GFT, following its introduction of
TradeLocker and discontinuation of MetaTrader earlier this year.
Recently,
Goat Funded Trader hinted at a significant update on social media, prompting
some traders to speculate on the arrival of cTrader. Confirming these
predictions, GFT has launched cTrader and is offering discounted rates on its
trading challenges with the code CTRADER as part of the celebration. Having
phased out MetaQuotes' trading platforms twice in 2024, GFT has been actively
seeking alternative solutions. Following the rollout of TradeLocker in July,
the company evaluated cTrader in August as a viable addition.
In
September, CEO Edoardo Dalla Torre acknowledged client interest in the
platform, remarking, "We heard you want cTrader as well. Recently we
introduced TradeLocker. Should we add cTrader?" Now, two months later, GFT
has acted on this feedback by implementing the new platform.
GFT was one
of the first firms to abandon MetaQuotes' platform in February 2024 due to
licensing issues, briefly reintroducing it before ultimately opting for other
trading tools.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!