Proprietary trading platform The Funded Trader recently announced plans to launch the trading platform Match Trader. In an X post yesterday (Wednesday), the company notified its users about the upcoming offering, promising a great trading experience and user-friendly design.

Promising User-Friendly Technology Design

The company mentioned, "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." This development marks a significant step for the prop firm, which temporarily paused all operations in March after complaints of payout denials.

Earlier, The Funded Trader mentioned that it had secured new collaborations that would enable it to unlock access to funds and settle the outstanding payments. Besides that, the company suspended its affiliate program, saying that it will only resume once all payments have been settled. The suspensions followed accusations of blocking clients' payouts.

Navigating Market Turmoil

In March, following the decision to temporarily halt its operations, Angelo Ciaramello, the Chief Executive Officer of The Funded Trader, mentioned that the prop firm would be relaunching the brand with a slightly different look and feel. Additionally, the company mentioned that it would update its users on how this decision would affect those involved.

Two months after suspending all operations and facing mass complaints about payout denials, The Funded Trader disclosed that in the first two months of 2024, it paid its clients $17 million. However, the irate clients disputed that they had not received the funds. The firm suspended payouts and services for three weeks before resurfacing in mid-April.

The company also mentioned that it was in the process of transferring its base from the US to the Cayman Islands. However, The Funded Trader did not clarify whether its ownership remained the same or whether Easton Consulting Technologies had sold the entity.