The Funded Trader Announces Crucial Payout Update and Shift to Crypto Payments - Prop Trading Firm

The Funded Trader (TFT) has issued an important update regarding recent payment delays. Following a series of discussions with WISE, a decision has been reached that places TFT’s account in a withdrawal-only mode. This development has impacted the firm’s ability to process payouts via WISE, leading to the decision to pivot towards cryptocurrency for future transactions. The Funded Trader Important Payout Update!

The Funded Trader Important Payout Update!

Resolving Payout Delays with a New Direction

For traders affected by unsuccessful payouts on specified dates in September, TFT is adopting a proactive approach. Traders with activated accounts will be contacted for their cryptocurrency addresses to facilitate payouts. Meanwhile, those awaiting payouts will need to request a new payout via crypto, after which their accounts will be enabled for trading. Embracing cryptocurrency (USDC, USDT, ETH via ERC20, and BTC) as the sole payout method, TFT eliminates the maximum withdrawal limit, offering traders enhanced flexibility and efficiency in accessing their funds.

Adapting to Global Payment Challenges

Recognizing the limitations faced by traders in countries where crypto transactions are restricted, TFT is exploring alternative payment solutions, including Skrill, Rise, Plane, and Payoneer, for long-term viability. The firm emphasizes its commitment to short-term stability through crypto, ensuring timely payout processing and exploring options to accommodate all traders globally. Bank wire transfers have been ruled out due to regulatory scrutiny, underscoring TFT’s dedication to maintaining operational fluidity and focusing on crypto as a reliable payment channel. The payouts team at TFT is working tirelessly, including over weekends, to expedite the resolution of pending payments, ensuring traders in Vietnam and other regions can now seamlessly withdraw their earnings via crypto.

About The Funded Trader

The Funded Trader stands out in the proprietary trading industry with its comprehensive offerings:

Maximum balance for standard accounts up to $600,000.
Diverse funding program options catering to various trader needs.
An attractive 80% profit split on all funded accounts.
Competitive leverage up to 1:200, empowering traders to maximize their potential.

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