The
controversial prop firm The Funded Trader (TFT) officially launched the popular
trading platform provided by Match-Trade Technologies late last week. This
wouldn’t be noteworthy if not for the fact that TFT promised the imminent start
of Match-Trader 10 weeks ago. Despite the delay, customers have finally
received the new tool that’s gaining popularity among owners and clients of
traded-funded firms (TFFs).
Match-Trader added to
TFT’s prop firm offering
“We
are excited to share that the Match-Trader integration is now live on our
platform, offering a wide range of benefits to enhance your trading
experience,” the company commented on its official Discord channel. A
special marketing campaign was also prepared in connection with the launch of
the new platform:
Information
about the launch of Match-Trader, which is additionally integrated with
TradingView and is supposed to provide access to certain market data and stable
servers, also appeared on the company’s other social media channels, including
X (formerly Twitter).
Exciting news! We’re live with Match-Trader integration 🔥
Key Features:
– Two Types of Charts – TradingView and In-House
– Web Application is Mobile Optimized
– Enhanced Server Stability
– Reliable Market Data
– Top Movers Instrument Display
– Multi Chart Mode – Simultaneously…— The Funded Trader (@thefundedtrader) August 23, 2024
However,
Angelo Ciaramello, the prop firm’s Chief Executive Officer (CEO), made his
customers wait almost two months for the launch of the new platform. The first
announcements of its launch appeared on July 3, 10 weeks before the actual
start. At that time, Ciaramello stated that Match-Trader would appear in the
offer “soon.”
🚀 Exciting News, Traders! 🚀
Match Trader is coming soon to The Funded Trader! Get ready for an epic trading experience with cutting-edge technology and user-friendly design. Stay tuned!#TradingPlatform #MatchTrader #HappyTrading #TheFundedTrader pic.twitter.com/YSA7iXWj7n— The Funded Trader (@thefundedtrader) July 3, 2024
Operations Not without Controversy
TFT was
among the prop firms that suspended their operations in March, in response to
licensing issues with US customers and MetaTrader platforms. The company
announced a restructuring and relocation of its base to the Cayman Islands,
resuming operations around April.
A month
ago, Ciaramello announced that he wants to launch a new futures company called
The Futures Trader, which will offer a similar business model, but based on the
futures market rather than CFDs. The announcement met with a rather sharp
reaction from clients and traders who don’t trust TFT’s current moves.
Allen de
Koker, an entrepreneur and trader, commented on TFT’s latest announcement:
“Your past actions raise serious concerns. Traders, be cautious and do
your own research before getting involved with this company.”
Want to rug pull futures too?
— BrianStonk (@thebrianstonk) July 26, 2024
Traders are
primarily concerned about the months-long blocking of fund withdrawals.
However, according to the latest update from last week, the company has
allegedly repaid 30% of arrears to traders and 55% to affiliates .
In a
statement on X, the company also mentioned that it has sent out 70% of the
accounts owed to traders and addressed accounts breached due to inactivity in
2024.
The
controversial prop firm The Funded Trader (TFT) officially launched the popular
trading platform provided by Match-Trade Technologies late last week. This
wouldn’t be noteworthy if not for the fact that TFT promised the imminent start
of Match-Trader 10 weeks ago. Despite the delay, customers have finally
received the new tool that’s gaining popularity among owners and clients of
traded-funded firms (TFFs).
Match-Trader added to
TFT’s prop firm offering
“We
are excited to share that the Match-Trader integration is now live on our
platform, offering a wide range of benefits to enhance your trading
experience,” the company commented on its official Discord channel. A
special marketing campaign was also prepared in connection with the launch of
the new platform:
Information
about the launch of Match-Trader, which is additionally integrated with
TradingView and is supposed to provide access to certain market data and stable
servers, also appeared on the company’s other social media channels, including
X (formerly Twitter).
Exciting news! We’re live with Match-Trader integration 🔥
Key Features:
– Two Types of Charts – TradingView and In-House
– Web Application is Mobile Optimized
– Enhanced Server Stability
– Reliable Market Data
– Top Movers Instrument Display
– Multi Chart Mode – Simultaneously…— The Funded Trader (@thefundedtrader) August 23, 2024
However,
Angelo Ciaramello, the prop firm’s Chief Executive Officer (CEO), made his
customers wait almost two months for the launch of the new platform. The first
announcements of its launch appeared on July 3, 10 weeks before the actual
start. At that time, Ciaramello stated that Match-Trader would appear in the
offer “soon.”
🚀 Exciting News, Traders! 🚀
Match Trader is coming soon to The Funded Trader! Get ready for an epic trading experience with cutting-edge technology and user-friendly design. Stay tuned!#TradingPlatform #MatchTrader #HappyTrading #TheFundedTrader pic.twitter.com/YSA7iXWj7n— The Funded Trader (@thefundedtrader) July 3, 2024
Operations Not without Controversy
TFT was
among the prop firms that suspended their operations in March, in response to
licensing issues with US customers and MetaTrader platforms. The company
announced a restructuring and relocation of its base to the Cayman Islands,
resuming operations around April.
A month
ago, Ciaramello announced that he wants to launch a new futures company called
The Futures Trader, which will offer a similar business model, but based on the
futures market rather than CFDs. The announcement met with a rather sharp
reaction from clients and traders who don’t trust TFT’s current moves.
Allen de
Koker, an entrepreneur and trader, commented on TFT’s latest announcement:
“Your past actions raise serious concerns. Traders, be cautious and do
your own research before getting involved with this company.”
Want to rug pull futures too?
— BrianStonk (@thebrianstonk) July 26, 2024
Traders are
primarily concerned about the months-long blocking of fund withdrawals.
However, according to the latest update from last week, the company has
allegedly repaid 30% of arrears to traders and 55% to affiliates .
In a
statement on X, the company also mentioned that it has sent out 70% of the
accounts owed to traders and addressed accounts breached due to inactivity in
2024.
This post is originally published on FINANCEMAGNATES.
