After dozens, if not hundreds, of complaints on social media, prop trading firm The Funded Trader has confirmed that it has suspended all payouts because of a “self-imposed internal audit.”
“We will be ensuring all payouts are in line with our terms of service and do not violate the gambling policies we have in place. Due to the migration, in which mistakes were made, it has created a large backlog of tickets for us to resolve, payouts included,” the platform tweeted yesterday.
“We are working actively to resolve everything and will focus on attention to detail at this time to ensure our customers are getting the experience they deserve in the now and in the future.”
The company highlighted that it had distributed $150 million in payouts to date. However, that figure is self-claimed and was not audited externally.
A Troubled Prop Trading Platform
The Funded Trader is a part of Easton Consulting Technologies LLC, which operates a number of other prop trading platforms….
