Traddoo,
operating in the retail proprietary trading industry, has announced that it is
temporarily suspending challenge sales to new clients. For existing customers,
it’s business as usual, and the change is due to updates being implemented in
the current client platform.
Traddoo Suspends Challenge
Sales, but for Good Reason
According
to information shared on Discord by Dylan Worrall, CEO of prop firm Traddoo,
the company is currently working on introducing a new client dashboard, which
will take several weeks. As a result, it warns its customers of “brief
interruptions” and is suspending “new challenge purchases
temporarily.”
Nothing changes for existing traders, who still have access to their
challenges, trading, and withdrawals. “We’re
committed to keeping things running smoothly for you while we make these
improvements,” Worrall commented.
What
changes can be expected in the coming weeks at Traddoo? According to the CEO’s
announcements, the new dashboard will provide traders with more information, be
more user-friendly, and easier to use. Soon, options for paying with credit and
debit cards will also be added. Moreover, the company intends to change its
current trader evaluation model.
Prop Firms Suspend
Challenges and Operations
While
Traddoo has suspended challenges due to work on improving the platform, similar
information recently has mainly concerned solvency issues in the rapidly
changing prop industry.
Just
yesterday (Tuesday), Finance Magnates reported that Fundedlions is
disappearing from the prop firm’s map, suggesting it was “attacked and
blackmailed” by its technology provider . As a result, the company has
temporarily (for an unknown duration) suspended operations and begun the process
of migrating to the MetaTrader 5 platform.
A few weeks
ago, UK-based Indigo Trader Funding also decided to halt its operations, as it
“failed in this business endeavor.” The official announcement came
only a day after the company’s name was officially removed from the company
registry. It applied for the strike-off on August 12.
Last month,
Karma Prop Traders, which had only started operations at the beginning of 2024,
also disappeared from the market. In this case, however, everything ended well
for investors, as their accounts and outstanding withdrawals were taken over by
Sway Funded.
Traddoo,
operating in the retail proprietary trading industry, has announced that it is
temporarily suspending challenge sales to new clients. For existing customers,
it’s business as usual, and the change is due to updates being implemented in
the current client platform.
Traddoo Suspends Challenge
Sales, but for Good Reason
According
to information shared on Discord by Dylan Worrall, CEO of prop firm Traddoo,
the company is currently working on introducing a new client dashboard, which
will take several weeks. As a result, it warns its customers of “brief
interruptions” and is suspending “new challenge purchases
temporarily.”
Nothing changes for existing traders, who still have access to their
challenges, trading, and withdrawals. “We’re
committed to keeping things running smoothly for you while we make these
improvements,” Worrall commented.
What
changes can be expected in the coming weeks at Traddoo? According to the CEO’s
announcements, the new dashboard will provide traders with more information, be
more user-friendly, and easier to use. Soon, options for paying with credit and
debit cards will also be added. Moreover, the company intends to change its
current trader evaluation model.
Prop Firms Suspend
Challenges and Operations
While
Traddoo has suspended challenges due to work on improving the platform, similar
information recently has mainly concerned solvency issues in the rapidly
changing prop industry.
Just
yesterday (Tuesday), Finance Magnates reported that Fundedlions is
disappearing from the prop firm’s map, suggesting it was “attacked and
blackmailed” by its technology provider . As a result, the company has
temporarily (for an unknown duration) suspended operations and begun the process
of migrating to the MetaTrader 5 platform.
A few weeks
ago, UK-based Indigo Trader Funding also decided to halt its operations, as it
“failed in this business endeavor.” The official announcement came
only a day after the company’s name was officially removed from the company
registry. It applied for the strike-off on August 12.
Last month,
Karma Prop Traders, which had only started operations at the beginning of 2024,
also disappeared from the market. In this case, however, everything ended well
for investors, as their accounts and outstanding withdrawals were taken over by
Sway Funded.
This post is originally published on FINANCEMAGNATES.
