The private trade company promised a return without giving a specific date. Several complaints about refusals of reimbursements led to the end of their operations.

With plans for a relaunch, The Funded Trader, a private trading company that has come under fire lately for withholding payouts, has "temporarily suspended all operations." An announcement on the company's website said, "We will provide specifics in the coming week as we strive to restart operations," and it included a countdown clock with 21 days remaining. It was unclear, meanwhile, if the timer displayed the restart date.

The Funded Trader's CEO, Angelo Ciaramello, said in a statement: "We intend to reintroduce the brand with a slightly altered appearance as we pause our operations." We will provide updates on this throughout the next week, including how this decision will affect each and every one of the parties involved. Though it will be difficult to win back your faith, the rebirth of TFT is imminent, and we are ready for it.

The company also announced that it will make a strategy available to current clients in the coming weeks. Despite the promise of a relaunch, the complete shutdown of operations appears peculiar. With more than 80,000 accounts, The Funded Trader is a division of Easton Consulting Technologies LLC, the company behind multiple other proprietary trading platforms. Customers of the platform have been complaining about unexpected payout denials and slow customer service responses on social media over the past few weeks.

Ciaramello, however, disregarded the grievances as "propaganda" against the business. Later on, the company acknowledged that a "self-imposed internal audit" was the reason it had stopped paying out. During a live YouTube broadcast, Ciaramello showed a graphic showing that TFT withheld slightly over $2 million in withdrawals from clients during the first two months of 2024 while paying out over $17 million to them.

The CEO stated during the live broadcast that "KYC, any form of fraud, credit card fraud, and any banned trading strategies" were the reasons for the payment denial. He nevertheless kept getting backlash on social media.