Scam
The Funded Trader
Regulatory & Licensing Information:
The Funded Trader (TFT) is a proprietary trading firm that offers traders the opportunity to manage capital across various financial instruments, including forex, commodities, indices, and cryptocurrencies. The firm provides multiple evaluation programs designed to assess and fund skilled traders. Recent Developments: In early 2024, TFT faced significant operational challenges: March 2024: The firm temporarily paused all operations, citing the need for a "self-imposed internal audit" amid a series of challenges. THE INDUSTRY SPREAD April 2024: TFT announced plans to relaunch with a new look and feel, addressing the main concerns of their community. FINANCEFEEDS May 2024: The firm secured new partnerships that enabled the unlocking of funds and planned to relocate its operations to the Cayman Islands. FINANCE MAGNATES User Feedback and Concerns: During the suspension period, traders reported issues such as: Delayed Payouts: Clients experienced delays in receiving their earnings, leading to financial uncertainties. FUNDING TRADERS BLOG Account Closures: Some traders reported abrupt account closures without prior notice. FINANCEFEEDS Current Status: As of November 2024, TFT has resumed operations, implementing changes to address previous challenges. The firm has rebranded and introduced new operational protocols to enhance transparency and reliability. Conclusion: While TFT faced operational hurdles earlier in the year, leading to temporary suspensions and client concerns, the firm has taken steps to rectify these issues. There is no conclusive evidence to label TFT as a scam; however, traders are advised to exercise due diligence and stay informed about the firm's ongoing developments
Tags:
relaunch
Account & Cost
Trading Platforms | NA |
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Minimum Deposit | NA |
Deposit Options | NA |
Withdrawal Options | NA |
Max Leverage | NA |
Minimum Trade Volume | NA |
Margin Call Level | NA |
Stop Out Level | NA |
Commission | NA |
Spread Type | NA |
Account Currencies | NA |
Trading Instruments | N/A |
Special Promotions | N/A |
Additional Features | NA |
Customer Support | N/A |
Islamic | ✘ |
EA | ✘ |
Hedging | ✘ |
Scalping | ✘ |
NBP | ✘ |