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Summary of Funded Academy Trading Company
Funded Academy, an Australian-based trading company, has been involved in significant controversy over its legitimacy. The firm promises traders the opportunity to manage up to $2,000,000 in capital with an 80% profit share, an offer that has drawn scrutiny from the trading community.
Serious allegations have surfaced accusing Funded Academy of fraudulent activities. A primary concern is the company's apparent lack of regulation, a critical factor in the financial services industry. There is little accountability without regulatory oversight, creating an environment conducive for potential fraud.
Numerous traders have reported difficulties contacting support after investing funds. Additionally, there are claims that Funded Academy may employ tactics common to fraudulent operations, such as purchasing fake reviews to enhance its online reputation and abruptly closing payment channels before ceasing operations entirely.
Due to these substantial allegations and concerns, Funded Academy has been blacklisted.
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FAQs
Why has prop company Funded Academy been blacklisted?
Possible reasons:
• The prop company Funded Academy was found manipulating traders' evaluation stages, such as manipulating spreads, quotes, or forcibly closing trades under false pretexts.
• The website is malfunctioning or offline, and regulators have complaints against the company.
• The company lacks transparency, with complaints from traders.
I saw Funded Academy in the blacklist. What should I do?
Take this fact into account. Prop trading during the evaluation stage involves trading on a demo account, so your only risk is the fee paid for the evaluation. If you plan to redo the evaluation, consider choosing a different company.
Should I continue working with prop company Funded Academy if it’s been blacklisted?
If you are already in the evaluation stage, continue to complete it. This is additional experience for you without any significant risk. There’s a chance the prop company could be removed from the blacklist by the time you finish.
How can I file a complaint against a prop company to have them blacklisted?
You can share your review through the form on this page. Alternatively, you can send an email to Traders Union's support service, providing details of your experience with company Funded Academy along with supporting screenshots. After reviewing your complaint, Funded Academy may be added to the blacklist.
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