Incident Overview
On May 1st, MyFlashFunding reported significant data feed problems on their platform, which inadvertently created trading conditions that were unusually favorable to traders. As a consequence of these issues, the firm has taken the controversial step of denying and adjusting payouts for affected trades, citing the data feed discrepancies as the primary reason.
Firm’s Response and Community Backlash
MyFlashFunding’s decision to adjust payouts based on their internal assessment has sparked debate within the trading community. The firm attributes these actions to the data anomalies, yet this explanation has not been universally accepted, leading to dissatisfaction among traders.
Propfirmmatch’s Policy and Actions
Propfirmmatch, a platform that lists and rates proprietary trading firms, has a clear stance on such matters: traders adhering to a firm’s specified rules should receive their due payouts without penalization for the firm’s internal issues. In light of MyFlashFunding’s actions, Propfirmmatch has decided to suspend the firm from their platform, citing a breach of trust and responsibility.
Call for Resolution
Propfirmmatch urges MyFlashFunding to address the community’s concerns and compensate the traders affected by the data feed issues. The platform emphasizes that the responsibility for technical problems should lie with the firm, not the traders who operate under the provided conditions. Propfirmmatch remains open to reinstating MyFlashFunding if the firm takes constructive steps to resolve the situation and listens to the affected community.
Moving Forward
This suspension serves as a reminder of the delicate balance between firm operations and trader trust. For traders and industry observers, this incident highlights the importance of robust technical infrastructure and fair management practices in maintaining a reputable trading environment.
