Prop Firm The Funded Trader Resumes Paused Accounts as “900 Traders Await Payouts”

Wednesday, 20/11/2024 | 14:54 GMT by Tareq Sikder
  • The firm revised its payout structure after the relaunch to address 75–80% payout-to-revenue ratios.
  • $100K+ accounts are being reactivated with a focus on risk management.
Prop Trading

Proprietary trading firm The Funded Trader shared updates on its financial and operational recovery following a recent relaunch. The firm acknowledged previous difficulties tied to an unsustainable payout-to-revenue ratio, with some months seeing payouts reach 75–80% of revenue from challenge fees.

“Previously, we were operating with an unsustainably high payout-to-revenue ratio, with some months requiring payouts of almost 75–80% of the revenue generated from challenges,” the prop firm shared on X.

Outstanding Obligations Being Addressed

Since restarting operations, The Funded Trader has implemented measures to address outstanding obligations. Profits earned during the recovery phase are being used to clear debts owed to vendors, traders, and affiliates .

Larger payouts have been structured into payment plans, and smaller accounts are gradually being processed. The company stated that 900 traders are still awaiting payment and outlined an internal strategy to settle these obligations .

Earlier, The Funded Trader announced that its sister company, The Futures Traders, will introduce Volumetrica Trading as a new platform. Volumetrica focuses on order flow analysis. The Funded Trader’s technology will support Volumetrica’s offerings in the trading industry, as reported by Finance Magnates.

Operational Recovery in Progress

The firm also resumed activity on paused accounts valued at $100,000 or higher, emphasizing caution in managing risks tied to larger accounts. The company indicated its commitment to ensuring long-term sustainability while continuing payouts.

“We have begun releasing accounts that were paused of 100K and larger, and we are committed to continuing this process,” the company added.

Reflecting on broader industry trends, The Funded Trader pointed to signs of financial strain at other firms and urged users to be vigilant about recognizing operational challenges. While stating that full recovery has yet to be achieved, the firm expressed confidence in its progress toward restoring trust and stability.

Proprietary trading firm The Funded Trader shared updates on its financial and operational recovery following a recent relaunch. The firm acknowledged previous difficulties tied to an unsustainable payout-to-revenue ratio, with some months seeing payouts reach 75–80% of revenue from challenge fees.

“Previously, we were operating with an unsustainably high payout-to-revenue ratio, with some months requiring payouts of almost 75–80% of the revenue generated from challenges,” the prop firm shared on X.

Outstanding Obligations Being Addressed

Since restarting operations, The Funded Trader has implemented measures to address outstanding obligations. Profits earned during the recovery phase are being used to clear debts owed to vendors, traders, and affiliates .

Larger payouts have been structured into payment plans, and smaller accounts are gradually being processed. The company stated that 900 traders are still awaiting payment and outlined an internal strategy to settle these obligations .

Earlier, The Funded Trader announced that its sister company, The Futures Traders, will introduce Volumetrica Trading as a new platform. Volumetrica focuses on order flow analysis. The Funded Trader’s technology will support Volumetrica’s offerings in the trading industry, as reported by Finance Magnates.

Operational Recovery in Progress

The firm also resumed activity on paused accounts valued at $100,000 or higher, emphasizing caution in managing risks tied to larger accounts. The company indicated its commitment to ensuring long-term sustainability while continuing payouts.

“We have begun releasing accounts that were paused of 100K and larger, and we are committed to continuing this process,” the company added.

Reflecting on broader industry trends, The Funded Trader pointed to signs of financial strain at other firms and urged users to be vigilant about recognizing operational challenges. While stating that full recovery has yet to be achieved, the firm expressed confidence in its progress toward restoring trust and stability.

About the Author: Tareq Sikder
Tareq Sikder
  • 1204 Articles
  • 16 Followers
About the Author: Tareq Sikder
A Forex technical analyst and writer who has been engaged in financial writing for 12 years.
  • 1204 Articles
  • 16 Followers

More from the Author

Retail FX

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}