Skilled Funded Trader, a prop trading company controlled by Easton Consulting Technologies, “has temporarily ceased all operations, including new purchases, effective immediately.” The platform operators now display a service termination message on its website.
“Over the coming week, we will follow the details regarding each of your individual circumstances as we explore alternatives to resume operations,” the message on the website reads.
The termination of service came at the same time that The Funded Trader, another Easton Consulting Technologies portfolio company, “suspended all operations.” The official Discord server administrator of Skilled Funded Traders pointed out that Easton is not clarifying anything about the situation.
“We were waiting for clarity on what was going to happen, but we were left in the dark with complete radio silence and received no response from operating partner Easton,” said Riz Iqbal, director of the company of accessories trading, which calls itself the social network. media user WordsofRizdom, noted.
“On March 15th I was officially no longer an owner of SFT, I sold my shares to Easton for no financial gain and the reason this was not announced was because I was still trying to find solutions for traders and proactively helps. Additionally, as part of the deal, I was locked out for 60 days after signing the deal.
The Truth About Qualified Funded Traders (SFTs)https://t.co/B9h5E3WbM2
– Riz Iqbal (@Wordsof_Rizdom) March 28, 2024
Will customers be compensated?
Similar to The Funded Trader, dozens of Skilled Funded Trader customers have also taken to social media, particularly Trustpilot, to post complaints including payment denials and even trading conditions. The prop trading company also acknowledged the issues it faced when migrating to platforms such as cTrader and DXtrade.
“Last month we were led to believe that a possible acquisition/purchase would be possible to ease the circumstances. This turned out to be false and we were misled all the time,” Iqbal added.
Skilled Funded Trader, a prop trading company controlled by Easton Consulting Technologies, “has temporarily ceased all operations, including new purchases, effective immediately.” The platform operators now display a service termination message on its website.
“Over the coming week, we will follow the details regarding each of your individual circumstances as we explore alternatives to resume operations,” the message on the website reads.
The termination of service came at the same time that The Funded Trader, another Easton Consulting Technologies portfolio company, “suspended all operations.” The official Discord server administrator of Skilled Funded Traders pointed out that Easton is not clarifying anything about the situation.
“We were waiting for clarity on what was going to happen, but we were left in the dark with complete radio silence and received no response from operating partner Easton,” said Riz Iqbal, director of the company of accessories trading, which calls itself the social network. media user WordsofRizdom, noted.
“On March 15th I was officially no longer an owner of SFT, I sold my shares to Easton for no financial gain and the reason this was not announced was because I was still trying to find solutions for traders and proactively helps. Additionally, as part of the deal, I was locked out for 60 days after signing the deal.
The Truth About Qualified Funded Traders (SFTs)https://t.co/B9h5E3WbM2
– Riz Iqbal (@Wordsof_Rizdom) March 28, 2024
Will customers be compensated?
Similar to The Funded Trader, dozens of Skilled Funded Trader customers have also taken to social media, particularly Trustpilot, to post complaints including payment denials and even trading conditions. The prop trading company also acknowledged the issues it faced when migrating to platforms such as cTrader and DXtrade.
“Last month we were led to believe that a possible acquisition/purchase would be possible to ease the circumstances. This turned out to be false and we were misled all the time,” Iqbal added.