Despite numerous promises made to investors by prop firm The Funded Trader (TFT) over the past few months, the only question that matters to most remains getting back their frozen funds. Since late March, the prop firm has been dealing with regular payment issues. However, this week it proposed a solution that could potentially expedite resolution.
TFT Will Notify Traders If They Are "Eligible" for Payment
The prop firm announced through its official Discord that it has sent emails to users waiting for funds since payments were suspended on March 28th, informing them whether their withdrawals qualify.
Additionally, TFT is launching a new type of challenge, using part of the profits to clear the backlog of payments. A Discord user named The Funded Trader Admin stated, "All payments, revenues, and available funds will be displayed publicly so you can track progress in real-time. We know the wait has been too long, but we are committed to fulfilling every payment."
Users on X (formerly Twitter) widely confirmed receiving emails containing similar messages, along with amounts due.
Whether this update will actually accelerate the payment process or merely pacify increasingly frustrated traders remains unknown.
In an update several weeks ago, the prop firm reported successfully repaying 30% of outstanding debt to traders and 55% to affiliate companies. Furthermore, The Funded Trader informed users it was addressing issues related to traders whose accounts were compromised in March and those who were "erroneously compromised" on DXTrade due to server errors.
New Company, New Platform, and New Clients
In July, the controversial prop trading firm announced plans to launch a new entity called The Futures Traders, focusing on futures markets. However, like many of TFT's other announcements, customers received no additional details, and the project's status remains unknown. The idea sparked great anger among traders still struggling to recover their funds.
Nevertheless, TFT occasionally manages to deliver on promises – launching the Match-Trader platform. Despite facing considerable delays in its debut, taking nearly three months, prop firm clients have been able to use the platform since the end of last month.
Last week, TFT also announced that it had opened its new platform and existing DXtrade platform to users in other parts of the world, including the United States.
Since MetaQuotes' crackdown on the prop trading industry in February, many firms suspended services to U.S. clients but gradually found ways to offer their products to them again.
Reference：Traders Await Payouts from This Prop Firm for Six Months
