The Funded Trader Delays Payouts Until 2025

The Funded Trader (TFT) delays payouts with resolution now expected to extend into 2025. This update, shared by CEO Angelo Ciaramello on TFT’s official Discord channel, outlines the firm’s plan to address the backlog of pending withdrawals, particularly affecting accounts on hold since March 28.

The company has prioritized processing large accounts, specifically those with balances exceeding $100,000. The company will begin this initiative in Q4 2024, starting next month, and expects to complete it by December 2024. Following this, TFT will turn its attention to resolving payouts for traders with smaller balances that have been suspended for over six months.

The Funded Trader Delays Payouts Until 2025

In addition to addressing individual payouts, TFT plans to tackle overdue payments to affiliates. Although no specific timeline has been provided for this step, the firm has promised to offer more details shortly. As of August, TFT reported repaying 30% of the outstanding balances to retail traders and 55% to affiliates. Meanwhile, the company is processing new withdrawal requests without delay.

The final stage of TFT’s recovery plan involves auditing banned users to ensure that all eligible individuals will eventually receive their funds. Ciaramello reassured stakeholders of the company’s commitment to resolving these issues and emphasized TFT’s dedication to staying operational despite the current challenges.

In contrast to TFT’s delays, other prop trading firms are achieving significant success. For instance, Fintokei, a competitor founded by the same team behind the Czech-based Purple Trading broker, has disbursed over €4 million to its traders this year alone. Fintokei now processes more than 400,000 trades daily, underscoring the varied experiences within the proprietary trading sector.

In Conclusion, The Funded Trader (TFT) has delayed processing suspended payouts until 2025. The company will prioritize large accounts starting in Q4 2024 and address smaller accounts later. The firm processes new withdrawals normally, but it still needs to resolve overdue payments and complete audits.

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