Skilled Funded Trader, a prop trading company controlled by Easton Consulting Technologies, “has temporarily ceased all operations, including new purchases, effective immediately.” The operators of the platform are now displaying a service termination message on its website.

“Over the coming week, we will follow up with specifics regarding each of your individual circumstances as we explore alternatives to resume operations,” the message on the website noted.

A Collapsing Prop Trading Empire?

The service termination came at the same time The Funded Trader, another portfolio firm of Easton Consulting Technologies, “paused all operations.” The administrator of the official Discord server of Skilled Funded Traders highlighted that Easton is not clarifying anything on the situation.

“We have been waiting to get clarification on what’s going to happen, but have been left in the dark with complete radio silence and not had any responses from the operations partner Easton,” the prop trading firm’s administrator Riz Iqbal, who goes by the social media user WordsofRizdom, noted.

“As of the 15th of March I officially was no longer an owner of SFT, I gave up my shares to Easton for no financial gain and the reason this wasn’t announced was because I was still trying to find solutions for the traders and proactively help. Also as part of the agreement I was stuck for 60 days after the agreement was signed.”

Will the Customers Be Compensated?

Similar to The Funded Trader, dozens of customers of Skilled Funded Trader also took to social media, especially Trustpilot, to post complaints, including payout denials and even trading conditions. The prop trading firm also acknowledged the issues it was facing with the migration to platforms like cTrader and DXtrade.

“This last month we were led to believe that a possible acquisition/buyout would be possible to alleviate circumstances. This turned out to not be true and we were misled the entire time,” Iqbal added.