In recent social media posts, Blake Carter, CEO of the Prop Trading firm MyFlashFunding, addressed concerns circulating regarding the company's fulfilment of payout obligations to traders. Carter emphasized the importance of addressing these concerns directly and asserted that such claims are unfounded.

Addressing Payout Adjustments and Rule Breaches

According to Carter, there has been only one instance where adjustments to payouts were necessary, affecting a small group of individuals due to a technical issue. In these cases, full refunds and compensation were provided to ensure traders did not suffer any financial disadvantage.

In a Discord post, he shared: “We completely understand that there have been some rumors and negative perspectives related to payouts. There are currently less than 50 traders waiting for their payout, and the most anyone has been waiting is two weeks, not a month like people are saying."

Additionally, Carter noted that few instances exist where payouts were denied due to clear breaches of the company's trading rules. Despite these isolated incidents, Carter highlighted that the vast majority of payout requests have been honoured by MyFlashFunding.

Prop Trading's Rise and Regulatory Landscape

Crystal Lok, OANDA's Head of Emerging Markets, recently spoke with Finance Magnates about the growth prospects of prop trading. Lok noted substantial interest from ASEAN countries, citing a survey indicating strong trader interest. Despite this growth, major retail brokers have not ventured into prop trading, creating opportunities for pioneers like OANDA. She stressed the impending need for regulation in the prop trading sector.

Lok emphasized: “We believe that only those firms that emphasize regulatory compliance and put user interests and experience at the center of their business model will survive as the industry consolidates over time.”