The prop firm, The Funded Trader, had a server issue, and now they have shared the final update about it. The Funded Trader is coordinating closely with Eightcap to configure their server to withstand the large volume correctly. Eightcap needs to work closely with TFT, which comes with the challenges of coordinating with a global team in opposite time zones. In going live with the settings, TFT shared that they saw issues that needed reverted.
Due to time differences, TFT could not swiftly make changes promptly. Eightcap has supported its business tremendously over the past year, allowing the firm to reach heights it may not have believed possible.
Pushing the limits comes with risks, and their teams are working closely to understand how to support this better rapidly growing business.
The Funded Trader Final Server Issue Update
The Funded Trader has shared the Final Server issue update. The prop firm shared that all trades taken between Wednesday night, May 10th, 7:25 pm EST, and Friday, May 12th, 5:00 pm EST, will be eligible for compensation. All affected accounts will have five days added to their challenges. If your account was breached and you are eligible for compensation, your account will be unbreached.
TFT is close to offering new brokerage options on Purple Trading (MT4, MT5, CTrader) and ThinkMarkets (MT4, MT5). Each of them is giving them dedicated servers, increased access to configurations, 24/7 support, and extended operational support. These new options will feature similar conditions to Eightcap as the firm has previously shared. There will always have to be a balance between spreads, commissions, and execution in the prop firm business.
The firm’s CEO shared that their goal is not to make one offer better than the other; it is to offer these world-class partners to extend their platforms to their clients to create more stability and options for their traders based on their preferences.
They also shared that this situation has been challenging to manage, more so than any situation in the past, mainly because of the size of this company.
About The Funded Trader
The Funded Trader is a proprietary firm incorporated on the 12th of May, 2021.
- Leverage up to 1:200
- Over 5k Trustpilot reviews with an excellent score of 4.7/5
- Unlimited evaluation-free retries
- Scaling plan with a balance of up to $1,500,000
- 90% profit split on scaling plan
- Overnight and weekend holding allowed
- News trading allowed