In a recent update from The Funded Trader, the company addressed the concerns and inconveniences faced by its trading community. The message, delivered with a sense of responsibility and urgency, aimed to reassure traders and outline steps being taken to rectify the situation.
Account Distribution and Payout Update
The company is in the process of distributing funds to traders with $5,000 and $10,000 accounts, accounting for 45% of the owed trader accounts. Traders with these accounts should expect to receive coupons to begin their new challenge shortly.
A tiered approach is being adopted to ensure a smooth transition for all traders, including those with inactive or breached accounts. A new ticket type in the help center will allow traders to escalate their issues to the dedicated team.
Regarding payouts, 25% of owed payouts have been processed, with traders urged to check their emails for updates. A tiered approach is also being implemented for payout inquiries, with a new ticket type added to the help center. Traders awaiting payouts will receive their free coupons only after their payouts are cleared, with priority given to trader payouts over affiliate payouts.
A Message of Hope and Commitment to Change:
Acknowledging the gravity of recent events, The Funded Trader expressed a commitment to positive change. Moving forward, all proceeds, excluding operational costs, will be directed towards charitable causes and reinvested into enhancing user experience and supporting the community.
The company extended genuine apologies for any inconvenience or distress caused and reaffirmed its dedication to restoring trust and delivering on promises. The support and understanding of the community were recognized as invaluable, with assurances of support every step of the way.
The Funded Trader expressed gratitude for continued patience, understanding, and support, while reiterating its commitment to a prosperous future and the long road ahead to earning back trust.
This update signifies a proactive approach by The Funded Trader to address concerns and rebuild trust within its trading community, emphasizing transparency, accountability, and a commitment to positive change.
About The Funded Trader
The Funded Trader is a proprietary trading firm that offers traders the opportunity to trade with company funds on live markets. With a focus on empowering traders to reach their full potential, The Funded Trader provides a comprehensive training program, cutting-edge technology, and a supportive community to help traders succeed in their trading journey.
At The Funded Trader, traders can choose from a variety of trading accounts with different risk levels and profit targets to suit their individual trading styles and goals. The company’s unique funding model offers traders the opportunity to earn substantial profit shares, with up to 90% of profits being paid out to successful traders.
The Funded Trader’s training program is designed to help traders develop the skills and knowledge they need to succeed in the markets. The program includes a range of educational resources, including video tutorials, webinars, and live trading sessions, as well as access to a supportive community of traders who share their experiences and insights.
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