Critics point out that dashboard updates typically take a weekend, not a month and a half.
Moreover, some customers report waiting weeks for payouts.
Funded
Nation prop firm traders hoping for a St. Nicholas Day gift on December 6
received coal instead. In a letter signed by CEO and founder Karthik S. Rajanna,
they learned that operations would be suspended for the next 45 days.
While the
official reason given for halting “all sales and trading activities”
is “a major upgrade” to the company's dashboard, some customers
suggest this is a smoke screen.
Prop Firm Announces 45-Day
Maintenance Period
Karthik S. Rajanna, the CEO of Funded Nation
“At
Funded Nation, we are constantly striving to provide the best possible
experience for our traders,” Rajanna wrote to customers. “To achieve
this, we are excited to announce a major upgrade to our dashboard, designed to
bring you enhanced features, improved usability, and a seamless trading
experience.”
The firm is
suspending operations for 45 days to implement these changes. They claim
pending payouts will be processed within one week. Traders unwilling to wait
through the lengthy transition period can request refunds.
“We
deeply appreciate your patience and understanding as we take this step to
improve your trading experience,” added the Funded Nation CEO. “We
are confident that the new dashboard will elevate your journey with us.”
Traders'
reactions to the announcement were, however, far from positive. Several
comments indicated some investors have been waiting for their money for nearly
a month. Others used stronger language, suggesting that “this fake firm
isn't working for months.”
Finance
Magnates last
covered Funded Nation in early March when BlueBerry Markets decided to restrict
grey-labeling its MetaTrader licenses to prop trading firms. Funded Nation was
among those unexpectedly cut off from the popular platform. While the firm
overcame that challenge, time will tell if they'll deliver on their promise of
returning next year with a new dashboard.
St. Nicholas Proves Unkind
to Prop Traders This Year
While our
US-based readers may associate Santa Claus mainly with Christmas, this Christian tradition saint in many parts of the world brings gifts on December 6, his
feast day.
Retail
traders must have been naughty this year, as many received the traditional
disciplinary rod (or a piece of coal) instead of presents. Besides Funded
Nation clients, The Funded Trader (TFT) customers were also affected.
On December
6, TFT published a community letter announcing their new (once again)
resolution plans. The firm indicated investors would finally learn about their
funds' status by the end of January. As a reminder, they've been waiting for
payouts since April, some even longer.
“Some
traders who were owed accounts or payouts during our pause in operations have
been informed by support that they are banned from the platform,” TFT
stated in an official announcement this week. “By January 2025, all
eligible traders will receive a definite update on whether they will receive
their account, payout, or a refund for the original purchase.”
Nearly
three months have passed since the firm's last promise regarding funds frozen
since March 28. During this time, the company indicated its priority was
unlocking the largest accounts with balances exceeding $100,000. The document
also suggested that payouts for suspended traders likely won't be processed
before 2025.
Funded
Nation prop firm traders hoping for a St. Nicholas Day gift on December 6
received coal instead. In a letter signed by CEO and founder Karthik S. Rajanna,
they learned that operations would be suspended for the next 45 days.
While the
official reason given for halting “all sales and trading activities”
is “a major upgrade” to the company's dashboard, some customers
suggest this is a smoke screen.
Prop Firm Announces 45-Day
Maintenance Period
Karthik S. Rajanna, the CEO of Funded Nation
“At
Funded Nation, we are constantly striving to provide the best possible
experience for our traders,” Rajanna wrote to customers. “To achieve
this, we are excited to announce a major upgrade to our dashboard, designed to
bring you enhanced features, improved usability, and a seamless trading
experience.”
The firm is
suspending operations for 45 days to implement these changes. They claim
pending payouts will be processed within one week. Traders unwilling to wait
through the lengthy transition period can request refunds.
“We
deeply appreciate your patience and understanding as we take this step to
improve your trading experience,” added the Funded Nation CEO. “We
are confident that the new dashboard will elevate your journey with us.”
Traders'
reactions to the announcement were, however, far from positive. Several
comments indicated some investors have been waiting for their money for nearly
a month. Others used stronger language, suggesting that “this fake firm
isn't working for months.”
Finance
Magnates last
covered Funded Nation in early March when BlueBerry Markets decided to restrict
grey-labeling its MetaTrader licenses to prop trading firms. Funded Nation was
among those unexpectedly cut off from the popular platform. While the firm
overcame that challenge, time will tell if they'll deliver on their promise of
returning next year with a new dashboard.
St. Nicholas Proves Unkind
to Prop Traders This Year
While our
US-based readers may associate Santa Claus mainly with Christmas, this Christian tradition saint in many parts of the world brings gifts on December 6, his
feast day.
Retail
traders must have been naughty this year, as many received the traditional
disciplinary rod (or a piece of coal) instead of presents. Besides Funded
Nation clients, The Funded Trader (TFT) customers were also affected.
On December
6, TFT published a community letter announcing their new (once again)
resolution plans. The firm indicated investors would finally learn about their
funds' status by the end of January. As a reminder, they've been waiting for
payouts since April, some even longer.
“Some
traders who were owed accounts or payouts during our pause in operations have
been informed by support that they are banned from the platform,” TFT
stated in an official announcement this week. “By January 2025, all
eligible traders will receive a definite update on whether they will receive
their account, payout, or a refund for the original purchase.”
Nearly
three months have passed since the firm's last promise regarding funds frozen
since March 28. During this time, the company indicated its priority was
unlocking the largest accounts with balances exceeding $100,000. The document
also suggested that payouts for suspended traders likely won't be processed
before 2025.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
