Sponsored by: Funderpro
After FNG exclusively reported earlier this month that prop trading firm The Funded Trader has stopped making payouts to its clients, now it seems they have stopped their business.
The company took down their website (thefundedtraderprogram.com), which now shows a brief message:
“The Funded Trader has temporarily paused all operations.
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.”
The Funded Trader CEO Angelo Ciaramello Posted on X:
“I wanted to address you all personally. You have been the lifeblood of TFT. You have fought in battle with me day in and day out for years. You have participated in one of the greatest movements in history and have delivered to me what I dreamed of, this community.
Being in the position we are in, it completely floors me to say that we have to pause operations of TFT. What does that mean? The most important thing to us is to deliver to all our existing customers.
There is an experience you all have come to love with TFT and that is our main focus. 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.
We know the main pain points of our community and these things are what will be addressed in the coming days and weeks.The relaunch of TFT is coming and earning your trust will be difficult but we know what it takes. The time for action is now.
I want to again thank you all, for your support, loyalty, and energy.
The future of TFT is coming…
Angelo”
What Happened?
Propfirmmatch.com removed The Funded Trader from its site in mid March, due to a massive number of complaints and payout denials that were reported on Trustpilot, through social media, and directly to Prop Firm Match.
The Funded Trader immediately after this incident posted that they were conducting a ‘self imposed internal audit’ of all payouts. The Funded Trader team said at the time that it will be ‘ensuring all payouts are in line with our terms of service’, and do not violate the gambling policies that the company has in place.
The company team gave a statement that due to the migration on new trading platforms, in which technical mistakes were made, the tickets were held in backlog which also included payout requests.
Solution: Get The Funded Trader Payout
In the last few weeks, The Funded Trader clients had challenges with delayed payouts, but the prop company from Malta: FunderPro decided to step up.
Their team started active negotiations to resolve all pending TFT payouts for traders that switched from The Funded Trader to their service. They are taking all the responsibility for these pending payouts, allowing traders to focus on their trading strategies without unnecessary stress.
