Skilled Funded Trader Suspends All Its Trading Operations

Skilled Funded Trader, managed by Easton Consulting Technologies, has temporarily halted all its trading operations. The Prop trading company mentioned that new purchases are one of the paused operations. The platform’s operators have displayed a message on its website revealing full-service termination.

The service discontinuation came at the exact moment when another Easton’s portfolio company, The Funded Trader, also seized all of its operations. Riz Iqbal, the administrator of Skilled Funded Traders’s discord server also stated that Easton is not providing any detailed explanation of the situation.

He also mentioned that many have been highly anticipating an announcement on what will occur next. However, no information has been revealed and the operations partner Easton hasn’t given any replies. Riz Iqbal who is known by WordsofRizdom on social media, spoke on the latest decision.

Riz Iqbal Gave Up His SFT Ownership To Easton On 15th Of March

The Prop trading firm’s administrator also stated that from the 15th of March, he no longer held ownership in SFT. He gave up all his owned shares to Easton without any financial benefit.

Riz Iqbal announced that the reason for this wasn’t kept unrevealed because a search for a solution to trading-related issues for traders was ongoing. Additionally, he also said that under the terms of the agreement, he was held up for 60 days following the signing of the agreement.

Just like in the case of The Funded Trader, several clients of Skilled Funded Trader also posted complaints on social media, especially on the company review website, Trustpilot. Customers also complained about the trading conditions and failed or denied payouts. The prop trading company also publicized the issues it faced when trying to migrate to platforms like DXtrade and cTrader.

Skilled Funded Trader’s Customers Post Complaints On Trustpilot

Skilled Funded Trader is a new platform for traders. Before its decision to temporarily terminate all services, it provided traders with tools and funds to pursue their trading ambitions.

The platform previously claimed to offer easy usage and customized financial plans. With these features, it caught the interest of several prop traders from every walk of life. It adopts a moderate approach to trading by directing attention to capital allocation, risk management, and education.

Traders of SFT were offered the skills and knowledge required to reach the top in the financial markets, as claimed by Skilled Funded Trader. The platform also claimed to have provided a variety of learning programs that cover all topics including fundamental and technical analysis. Others are trading psychology and risk management.

The Prop trading firm’s aim before temporarily closing down was to enhance traders’ knowledge to assist them in making smarter trading decisions.