Skilled Funded Traders Faces Uncertain Future.
Skilled Funded Traders (SFT), a prominent prop trading company under the umbrella of Easton Consulting Technologies, has recently encountered significant challenges, resulting in an abrupt and temporary cessation of all its operations. This sudden halt has plunged many traders into uncertainty, with the company’s future plans shrouded in ambiguity.
Major Challenges Faced by Skilled Funded Traders
- Service Termination:
- Skilled Funded Traders has suddenly halted all operations, including new purchases. This unexpected move has caused considerable disruption for traders who heavily depend on the platform for their daily trading activities.
- Communication Breakdown:
- The company has come under fire for its opaque communication strategy concerning the ongoing situation. Many traders have reported feeling abandoned, experiencing a complete lack of communication and responses from the company’s operational partner, Easton Consulting Technologies.
- The company has come under fire for its opaque communication strategy concerning the ongoing situation. Many traders have reported feeling abandoned, experiencing a complete lack of communication and responses from the company’s operational partner, Easton Consulting Technologies.
- Payout Denials & Delays:
- Numerous traders have expressed their grievances on social media platforms and review sites like Trustpilot. Complaints range from payout denials to significant delays, hindering traders’ ability to manage their financial assets effectively.
- Numerous traders have expressed their grievances on social media platforms and review sites like Trustpilot. Complaints range from payout denials to significant delays, hindering traders’ ability to manage their financial assets effectively.
- Platform Migration Issues:
- Acknowledging the challenges faced during the migration process, the company has admitted to issues with transitioning to platforms such as cTrader and DXtrade.
Insights from Customer Feedback
Trustpilot reviews present a diverse range of experiences with Skilled Funded Traders. While some traders have commended the company for fulfilling its promise regarding the platform migration and providing compensation, others have expressed frustration due to unresponsive customer support, delays in payouts, and abrupt alterations to trading rules.
The Administrator’s Perspective Riz Iqbal, known as WordsofRizdom on social media and the administrator of Skilled Funded Traders’ official Discord server, shed light on the situation, stating, “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.” He further revealed that he relinquished his ownership shares to Easton Consulting Technologies without any financial gain, attempting to find solutions and assist traders proactively.
Misleading Information Regarding Possible Acquisition
Iqbal further disclosed, “This last month we were led to believe that a possible acquisition/buyout would be possible to alleviate circumstances. This turned out to not be true, and we were misled the entire time.”
Looking Ahead for Skilled Funded Traders
Despite the prevailing challenges, Skilled Funded Traders has expressed its intention to resume operations and is actively exploring alternative solutions. However, the company’s current lack of transparent communication and failure to resolve existing issues have left many traders questioning the firm’s future viability in the prop trading industry.
Conclusion
Skilled Funded Traders is presently navigating a severe crisis, impacting both its operations and reputation within the prop trading sector. The company’s ability to effectively address these challenges and adopt a transparent approach will be pivotal in shaping its future trajectory.
Please note that the information presented in this article is based on the latest available data and may not capture the most recent developments. For the most accurate and up-to-date information, it is advisable to visit the official Skilled Funded Traders website or contact the company directly.
