Howdy Lark Traders. This is Lark Digest and we give you the lowdown on what’s happening in the prop firm world. We’re like that kid in school who can’t keep a secret - Always coming in clutch when you want some juicy details.

—Mr.Lark

On today’s menu:

• Skilled Funded Trader ceases operations ❌

• Exciting Lark updates 🚀 

❌ Another Prop Firm Is Down

Yesterday we broke down the wild news of The Funded Trader ceasing operations.

In that email, we questioned what would happen with all of the other firms that TFT’s CEO, Angelo, was affiliated with.

Well, we’re now finding out.

And it’s not good.

1/ Skilled Funded Traders Shuts Down

Yesterday afternoon, the following news broke.

This didn’t come as a huge surprise. In fact, it was almost a foregone conclusion.

But based on the vibes online, it looks like there’s even more anger towards this firm than The Funded Trader.

Why?

Because three of the largest influencers in the industry were behind this company.

People signed up for SFT because they trusted these influencers.

Well, that’s no longer the case.

And it raises a lot of questions about the industry as a whole.

2/ Are All Influencers Scammers?

The short answer is no.

But the real answer is that a lot of them are.

But first, before we upset some people, let’s define our terms.

What is a scammer?

The Lark Definition is somebody who makes false promises, creates false expectations or falsely markets a product or service.

Now, enter our influencers.

1. Paladin

2. Omar

3. Riz Iqbal

All three have put out a statement of their own (finally), which you can find on their social platforms.

As for whether their actions align with our above definition, we’ll let you decide.

But this is what we find weird.

All three said that it was their firm. Yet, in their statements, like this one, they said they had very little control over the company.

There are even questions about whether they owned any equity at all.

It doesn’t fit the Lark Vibe Check.

To make it even worse, in their statements, they said things were rocky from the start.

If that’s the case, why were they still marketing promotion codes for the firm this very week?

We’ll leave it at that.

3/ Time For Professionalism

The Funded Trader absolutely transformed this industry for the better.

They made trading much more accessible and democratized this amazing opportunity, which is evaluation firms.

However, it’s time for professionalism.

It’s time to no longer rely on fancy new firms run solely by influencers.

This tweet from the CEO of City Traders Imperium hits it right on the nail.

At Lark, there’s a reason we don’t:

• Sponsor YouTubers or influencers.

• Have the easiest rules.

• The cheapest challenges.

And that’s because of one thing and one thing only: sustainability.

Our goal is to be here in 10 years and beyond. And we don’t do anything that jeopardizes that.

4/ TLDR

• Skilled Funded Traders ceased operations.

• The three influencers behind the company originally said they owned it, but in their statements yesterday, they said they had very little control over any operations.

• This raises the question of what role influencers should have in the industry and how firms can be more professional.

• There are still very few details about refunds and pending payouts.

🚀 We Have Some News!

At Lark, we’ve been cooking up some exciting updates and they’re all about to be served to you on a silver platter!

This is what we’ve got:

1/ Our New Dashboard

Our brand-new dashboard will be launching in 3 days!

We’re so excited for you all to see it.

Here’s a sneak peek.

2/ CTrader?

We’re putting the final touches on our CTrader launch as we speak.

In fact, it might even go live today!

So join our Discord HERE to learn exactly when the #1 platform will be launched.

(personally, I’ve always liked it way more than MT5).

3/ TradingView + DXTrade

This launched last week, and traders are absolutely loving it.

I mean, who doesn’t want to trade directly on TradingView?

Happy Easter, and we’ll see you next week.

*Unless there’s some new crazy news over the weekend…*

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