Sway Funded Acquires Glow Node
Sway Funded has announced its acquisition of Glow Node, continuing its expansion strategy within the proprietary trading industry. This acquisition follows Sway Funded’s earlier acquisition of MyFlashFunding, further consolidating its presence in the market.
Transition and Migration Details
All existing Glow Node accounts will be migrated to the Sway Funded platform as part of the acquisition. Traders have been instructed to close all open trades by Wednesday, August 7th, at market close to ensure a smooth transition. The firm will automatically close any trades that remain open after this deadline.
Glow Node traders will receive emails on the Sway Funded platform with their new account details. Importantly, any pending payouts will be processed immediately upon migration, ensuring traders are not financially disadvantaged during the transition.
Features for Migrated Traders
Traders transitioning from Glow Node to Sway Funded can expect several benefits on the new platform, including:
- Unlimited Time to Complete Challenges: Traders can work through challenges at their own pace without the pressure of time constraints.
- Unique Affiliate Structure: An affiliate program offering commission for referrals.
- Challenge Add-Ons: Options to enhance challenges, such as profit target reductions and refresh options.
- Micro & Macro Accounts: Flexibility to choose between different account sizes depending on trading strategies.
- Daily Payouts: A feature that allows traders to withdraw profits daily, enhancing liquidity management.
The acquisition is a significant move for Sway Funded, aiming to integrate Glow Node’s traders smoothly while providing enhanced trading tools and opportunities.
