The Funded Trader, a proprietary trading firm, has temporarily suspended operations after previously halting payments to its clients.
The company said it was working to resume its services but did not provide a timeline. Meanwhile, its website, thefundedtraderprogram.com, has a countdown timer showing 21 days.
On The Funded Trader's X (Twitter) page, CEO Angelo Ciaramello wrote: "Being in the position we are in, it completely floors me to say that we have to pause operations of TFT."
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Ciaramello stressed that "by suspending operations, the company will relaunch the brand, but with a slightly different look."
"We sincerely appreciate your patience and understanding as we work diligently to resume our operations and services," he added.
In a statement, the CEO of The Funded Trader indicated that the company intends to resolve all issues in the coming days or weeks and will keep you updated on the ongoing work to resume operations.
It's worth noting that complaints from The Funded Trader's clients about payment denials on social media platforms such as Trustpilot have increased significantly in recent weeks.
Ciaramello called these complaints "propaganda" in his comments. However, the company later said that it conducts "its own internal audit" of all payouts. The Funded Trader clarified that a number of errors were made during the migration of the trading platform, which affected the payouts.
The Funded Trader is owned by Easton Consulting Technologies LLC and has more than 80,000 accounts.
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