The platform abruptly suspended services on 28 March with promises of relaunch.
Many traders are expressing concerns about the “manual breach” of their accounts.
The website of The Funded Trader, a prop trading platform operated by Easton Consulting Technologies, is back online after a 21-day blackout. Although the website's features appear unchanged, some aspects seem to be non-operational.
A Theme or an Operational Website?
A peculiar label reading “theme activated successfully” appears at the top of the prop trading platform’s website.
Most platform features, including challenge details, appear to be functional at first glance. However, the payments page for purchasing challenges looks unusual, and crypto payment functionality is unavailable.
The website also provides a phone number, but the recorded message says that the platform is not offering support on phone and refers to its website.
The Funded Trader suspended its operations on March 28, citing temporary reasons. It pledged to relaunch services after 21 days, even featuring a countdown on the website. While the countdown was not precisely accurate, as the website did not go live the moment the countdown reached zero, the website became active within a few hours.
Interestingly, all social channels of The Funded Trader are notably quiet, with no announcements about the relaunch. Angelo Ciaramello, the Chief Executive Officer of The Funded Trader, even unfollowed everyone on X (previously Twitter) and refrained from posting for weeks, despite being active on social media previously.
Manual Breach of Accounts
Numerous self-proclaimed customers of The Funded Trader claim their accounts were “manually breached” due to rule violations.
The Funded Trader boasts over 80,000 accounts. However, the platform has faced numerous controversies, with dozens of traders accusing it of denying payouts. While Ciaramello dismissed these allegations as “propaganda,” the platform later acknowledged suspending payouts for a “self-imposed internal audit,” only to suspend services shortly after.
During a live YouTube broadcast, Ciaramello presented a graphic indicating that in the first two months of 2024, The Funded Trader disbursed over $17 million to clients while withholding withdrawals of just over $2 million during the same period.
In addition to The Funded Trader, Easton controls several other prop trading platforms. Skilled Funded Trader, another Easton-controlled prop trading platform, also suspended its operations around the same time as The Funded Trader.
The website of The Funded Trader, a prop trading platform operated by Easton Consulting Technologies, is back online after a 21-day blackout. Although the website's features appear unchanged, some aspects seem to be non-operational.
A Theme or an Operational Website?
A peculiar label reading “theme activated successfully” appears at the top of the prop trading platform’s website.
Most platform features, including challenge details, appear to be functional at first glance. However, the payments page for purchasing challenges looks unusual, and crypto payment functionality is unavailable.
The website also provides a phone number, but the recorded message says that the platform is not offering support on phone and refers to its website.
The Funded Trader suspended its operations on March 28, citing temporary reasons. It pledged to relaunch services after 21 days, even featuring a countdown on the website. While the countdown was not precisely accurate, as the website did not go live the moment the countdown reached zero, the website became active within a few hours.
Interestingly, all social channels of The Funded Trader are notably quiet, with no announcements about the relaunch. Angelo Ciaramello, the Chief Executive Officer of The Funded Trader, even unfollowed everyone on X (previously Twitter) and refrained from posting for weeks, despite being active on social media previously.
Manual Breach of Accounts
Numerous self-proclaimed customers of The Funded Trader claim their accounts were “manually breached” due to rule violations.
The Funded Trader boasts over 80,000 accounts. However, the platform has faced numerous controversies, with dozens of traders accusing it of denying payouts. While Ciaramello dismissed these allegations as “propaganda,” the platform later acknowledged suspending payouts for a “self-imposed internal audit,” only to suspend services shortly after.
During a live YouTube broadcast, Ciaramello presented a graphic indicating that in the first two months of 2024, The Funded Trader disbursed over $17 million to clients while withholding withdrawals of just over $2 million during the same period.
In addition to The Funded Trader, Easton controls several other prop trading platforms. Skilled Funded Trader, another Easton-controlled prop trading platform, also suspended its operations around the same time as The Funded Trader.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Weekly Update: Crypto Market Surges, FCA Eases “Name and Shame” Policy, and More
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
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👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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