Retail traders who have been waiting for over six months to withdraw funds from The Funded Trader (TFT) prop firm may need more patience, as the latest information from the company's CEO indicates that resolving unpaid transfers might have to wait until next year.

First Freezing Accounts Over $100,000, Then Trader Payments

On Sunday, TFT's official Discord channel posted a new update aimed at "clearly stating current priorities," outlining four steps the company plans to take in the near future.

First Step:

Begin processing suspended accounts with balances exceeding $100,000, the only step with an estimated date. This process is scheduled to start in Q4 2024 (next month) and is expected to be completed by the end of December 2024.

Second Step:

The company plans to process trader payments suspended since March 28th only after this. Some TFT clients received emails last week that might have given them hope for an accelerated process.

However, TFT's latest information suggests this might not happen until early 2025.

"After completing the above work, we will begin processing trader payments. We are working to provide specific dates, but don't have them yet," the company commented on its official Discord channel.

Third Step:

The prop firm plans to address outstanding payments to affiliate partners. "Similarly, we aim to provide more clear information as soon as possible, but currently have no confirmed dates."

So far, at least according to August data, the company has repaid 30% of unpaid balances to retail traders and 55% to affiliate partners. The company is currently processing new withdrawals normally, but withdrawals suspended six months ago remain an issue.

Fourth Step:

Review banned users to ensure everyone entitled to funds receives them.

TFT stated, "We want to emphasize that we will continue operating and are committed to resolving all pending issues."

While some have waited months to receive funds, others have earned millions through prop trading this year.

Last week, Finance Magnates reported that prop trading firm Fintokei has paid out over 4 million euros to its traders this year. Fintokei, founded by the same team that established Czech retail broker Purple Trading, now processes over 400,000 trades daily using its infrastructure.

According to a survey conducted by PipFarm, 75% of traders prioritize fast payments and clear trading rules over low prices or high profit sharing.

Reference：Waiting for a Payout from The Funded Trader Prop Firm? You Might Not See It This Year