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What Happened To The Funded Trader? Trade Your Own Way In 5 Minutes A Day

By The No Job Lifestyle Team · Last reviewed · How we research

Waiting on a payout or a challenge that never finished? Here is what was reported, and what traders do next.

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Quick answer: The Funded Trader was a popular prop firm that paused all operations in March 2024 after a wave of payout complaints. It came back weeks later and said it was moving to the Cayman Islands, but reports since then disagree on how fully it runs. Many traders moved on.

Trading involves risk and you can lose money. Results vary.

1Payout Complaints Came Before The Pause

In early 2024 traders reported denied payouts, and a major prop firm comparison site suspended the firm's listing.

Industry news site Finance Magnates and others covered the complaints. Prop firms make money from challenge fees, so when payouts slow down, traders lose trust fast.

2The March 2024 Pause And April Return

On March 28, 2024 the firm said it had temporarily paused all operations. About three weeks later it came back online.

It said it was restructuring and moving its base from the US to the Cayman Islands. Its listed CEO left that March. Dozens of other prop firms closed the same year as trading platforms tightened their rules.

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The timeline of the 2024 pause

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3Why So Many Prop Firms Closed

Over 50 prop firms shut down in 2024, according to Finance Magnates.

Many relied on MetaTrader platforms and partner brokers. When those partners pulled out, firms lost the tools they needed to run challenges. Traders who paid fees were often left waiting.

4How We Would Test Any Trading Program Today

Start on demo money, keep withdrawals easy, and walk away from anything that promises fixed returns.

A demo account runs on real prices with fake money, so you see how a strategy behaves before risking a dollar. Check that the broker is regulated where you live, and make a small withdrawal early to prove the money comes back. Trading involves risk and you can lose money.

  1. Run it on a demo account for two to four weeks
  2. Check the broker's regulator on its official site
  3. Withdraw a small amount early to test payouts

Ready to start? Our free guide on letting AI trade for you walks you through it step by step, and our shut down and sued money programs guides cover the rest of this topic.

Primary Sources For This TopicWe check facts on this topic against these primary sources. See how we research.

Questions people ask

Is The Funded Trader still open?

It relaunched in April 2024, but later reports disagree on how fully it operates. Check recent trader reviews before paying any fee.

Did traders get their payouts?

Reports were mixed. Some traders said payouts were denied before the pause. Keep records of every challenge and payout request.

What can I use instead of a prop firm?

Some traders open a small account with a regulated broker, or test letting AI trade for them on demo first. Trading involves risk and you can lose money.

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