Prop Firm Traddoo Temporarily Suspends New Client Challenges Amid Platform Upgrades

Traddoo, a key player in the retail proprietary trading industry, has announced a temporary suspension of challenge sales to new clients. The decision is part of a broader plan to upgrade its client platform. However, current customers will not experience any disruptions, and trading, challenges, and withdrawals will continue as normal during this period.

The firm's CEO, Dylan Worrall, shared the update on Discord, explaining that the company is in the process of introducing a new client dashboard. This transition, which will take several weeks, is the reason behind the temporary pause in new challenge purchases. Worrall assured existing customers that operations would remain stable and that the improvements would not interfere with ongoing activities.

The upcoming changes to Traddoo's platform are designed to enhance user experience. Worrall revealed that the new dashboard would provide more comprehensive information, be more user-friendly, and simplify platform navigation. Additionally, the company plans to introduce new payment options, including credit and debit card transactions, as part of this update. There is also an intention to modify the current trader evaluation model, although specific details about these changes have not yet been disclosed.

While Traddoos suspension of challenge sales is due to platform improvements, other firms in the proprietary trading sector have recently faced more troubling issues. Just this week, Fundedlions, another prop firm, temporarily halted its operations amid claims of being “attacked and blackmailed” by its technology provider. The firm has since begun migrating to the MetaTrader 5 platform, but no clear timeline has been given for resuming full operations.

In recent months, the proprietary trading industry has witnessed similar disruptions. Indigo Trader Funding, based in the UK, ceased its operations after the firm reportedly “failed in this business endeavour.” The official announcement came shortly after its name was removed from the company registry. Meanwhile, Karma Prop Traders, a firm that launched earlier in 2024, also exited the market last month. In that case, however, investors were able to recover their accounts and outstanding withdrawals, which were taken over by another firm, Sway Funded.

Traddoos proactive approach, focusing on platform upgrades and a smooth transition for its existing traders, stands in contrast to the challenges faced by other firms in the rapidly evolving proprietary trading industry. These changes are part of the company's ongoing commitment to improving its services and ensuring a seamless experience for traders.