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.
Two Offshore Octa Entities to Exit Brand-Sharing Model, Plans New Broker Launch
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
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
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
