GM Lark Traders. This is Lark Digest, and no, it’s not Friday. But this is an emergency meeting.

—Mr.Lark

On today’s menu:

• The Funded Trader ceases operations ❌ 

❌ The Funded Trader Ceases Operations

Wow, this is not the news I expected to wake up to this morning.

Overnight, The Funded Trader (TFT) and their CEO, Angelo, made a statement that they were pausing operations.

Considering TFT is one of the largest firms in the industry and has paid out (reportedly) over $100 million to traders, this is a big deal.

Like, a really big deal.

Here’s the Lark Breakdown.

1/ Not Surprising

If you had told me 6 months ago that this was going to happen, I nor anybody would have believed you.

But if you told me just 30 days ago, yeah, I would buy it.

You see, there’s been a huge influx of traders online saying their payouts have been denied.

In fact, it got so bad that TFT admitted to denying over $2 million in payouts in January and February alone.

So this official announcement doesn’t come as a complete shock.

2/ So Many Unanswered Questions

The Funded Trader’s post really raised more questions than it answered.

1/ No, it doesn’t look like they’re permanently closing. What is their “relaunch” going to be? And how will traders be able to trust them moving forward?

2/ Will refunds be provided? Obviously, this is the #1 concern of their active traders right now.

3/ Angelo’s other firms? Angelo owns several firms outside of TFT like Skilled Funded Traders. They were delisted from Prop Firm Match yesterday, however, and the influencers behind the firm have been very quiet.

3/ What Does This Mean For The Industry?

There’s a reason forex and trading firms have a bad reputation.

It’s because of situations like this.

And if one thing is certain, it’s that this situation will only make things worse.

It means traders will have less trust in firms moving forward.

It means you can’t be too big to fail.

• My Forex Funds got shut down due to regulatory issues.

• TFT is closing due to management. This could have been avoided.

It also means that it’s time for the industry to move to a more sustainable model.

• No more 200:1 leverage

• No more 10% drawdown and 5% targets

• No. More. Gambling.

It’s the only way the industry can survive.

🚀 How Can We Help?

The fact is, evaluation firms are still the best opportunity for traders to make money.

Nobody wants to go back to flipping accounts and competition makes the entire industry better.

I feel very bad for traders who invested their hard-earned dollars into these challenges only to have this happen.

As a result, we’d like to help.

No, we can’t give free challenge accounts to everyone that was impacted.

But if you have any concerns about the industry, or what makes us different or any questions at all, please just reply to this email and we’ll gladly help wherever we can.

And if you’re liking the sound of us having the lowest denied payout rate in the industry, these two promo codes are still active.

Stay safe out there,
Mr.Lark

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