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The Funded Trader Announces its Back After 21 Days Offline, Is Everything Back to Normal?

2024-04-19 Brokersview

The Funded Trader Announces its Back After 21 Days Offline, Is Everything Back to Normal?

The Funded Trader, the proprietary trading firm that announced its suspension in late March, has announced this Thursday, April 18, that it is back online.

 

The Funded Trader's website has now taken down the previous suspension announcement, while the company's social media account updated for the first time in two weeks with a relaunch announcement.

The Funded Trader Website reopens

The Funded Trader's relaunch announcement

 

According to the latest announcement, the company has moved its headquarters from the U.S. to the Cayman Islands and has made changes to its product offerings. It also claims to have made internal upgrades and entered into a partnership with a support firm to address remaining customer issues.

 

However, the skepticism and dissatisfaction that surrounded the company did not disappear with its relaunch.

 

Previously, a large number of The Funded Trader clients were unhappy with the delayed payouts, as well as claims that their accounts were in breach of regulations. The company explained that this was due to a large backlog of tickets for us to resolve resulting from a "self imposed internal audit".

 

On March 28, The Funded Trader announced the suspension and left a countdown on its website for about 20 days - though it did not back online at the moment the countdown ended. During the pause, the company was inactive, from its website to its social media presence.

 

Despite the fact that the company still has millions unpaid and many account-related issues to be resolved, it continues to promote its products in an attempt to attract more new traders.

 

No comment is welcomed on The Funded Trader's relaunch announcement on X. The company's CEO Angelo Ciaramello's X account has been quiet for more than a month and has unfollowed everyone.

 

CEO Angelo Ciaramello's X profile

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