Proprietary Trading Firm The Funded Trader Announces Suspension

Self-dealing firm The Funded Trader has suddenly announced the suspension of its operations after a series of recent storms.

Today, opening the official website of this company only reveals a notice: "We sincerely appreciate your patience and understanding as we are working diligently on the steps to resume our operations and services. Over the coming week, we will follow up with specifics as we work to resume operations. Thank you for your continued support and loyalty. The future of TFT is coming."

A real-time countdown of about 20 days was left at the bottom of the notice, although TFT did not reveal what actions it will take after the countdown ends, or whether it will resume operations after 20 days.

On March 28, the day The Funded Trader's official website closed, the company's CEO, Angelo Ciaramello, said via social media X, "In pausing our operations we will be relaunching the brand but with a slightly different look and feel. Over the coming week we will post updates on what this will look like, and how this decision affects everyone involved." Additionally, the admin restricted replies.

However, as recently as March 21, TFT had also announced via X that the company's internal team had reorganized and developed a new roadmap, along with a promise of settlement to traders who had not been paid out. And it said it would bring an update on the new plan early next week (around March 25th). Apparently, traders didn't get what they wanted.

It's worth noting that TFT also advertised the company's promotional campaign under this post as usual. However, the link to this promotion expired due to the closure of the company's official website.

On March 18, BrokersView reported on The Funded Trader's suspension of payouts, which sparked trader dissatisfaction. Many traders felt that the company suspended payments after making unfounded claims that traders were profiting from "gambling".