2024-04-01
Brokersview
The storm in the proprietary trading industry does not seem to be over. After The Funded Trader announced the suspension of its operations, another proprietary trading firm, Skilled Funded Traders, has also announced its shutdown.
The company left an announcement on its official website: "We regret to inform you that Skilled Funded Traders has temporarily ceased all operations, including new purchases, effective immediately. We appreciate your patience and understanding during this period."
Regarding the company's follow-up, Skilled Funded Traders said, "Over the coming week, we will follow up with specifics regarding each of your individual circ*mstances as we explore alternatives to resume operations. Thank you for your continued support and loyalty."
The company did not disclose the reason for the shutdown or the plans for resuming operations.
Skilled Funded Traders and The Funded Trader, both proprietary trading brands owned by Easton Consulting Technologies, almost simultaneously announced the suspension.
On March 29, Riz Iqbal, the administrator of Skilled Funded Traders, said that he had ceased to be an owner of SFT as of March 15 and that he had given up all his shares.
"We have been waiting to get clarification on what’s going to happen, but have been left in the dark with complete radio silence and not had any responses from the operations partner Easton."
