Silver Arrow Funding has announced its closure. This decision follows recent regulatory changes by US authorities, which have rendered the company unable to offer Evaluations to its US clients.
What this means for you:
- New Evaluations: They will no longer be selling new Evaluations.
- Funded Traders: Existing funded traders can continue to log in and receive payments as long as they comply with their trading rules.
- Refunds and Cancellations:
- Any Evaluations purchased within the last 30 days will be automatically refunded.
- All running Evaluations will be canceled.
Impact on Traders and the Industry
The closure of Silver Arrow Funding is a significant event in the funded trading sector. Known for its robust support and resources, the company’s shutdown highlights the impact of regulatory pressures on financial service providers. Traders who relied on Silver Arrow Funding are now faced with the challenge of finding alternative funding options.
Industry Reaction
The trading community has had mixed reactions to the closure. While some see it as a necessary response to regulatory compliance, others view it as a loss of a valuable trading resource. This development has sparked discussions about the need for more adaptable regulatory frameworks that can support innovative financial services without compromising compliance.
Next Steps for Affected Traders
Traders impacted by this closure should stay informed and seek alternative funding options. For assistance in finding a suitable prop firm, check out FundedTrading’s reviews of various prop firms.
Message to the Community
Silver Arrow Funding extends its gratitude to all clients and traders for their trust and support over the years. The firm regrets any inconvenience caused by this closure and thanks the community for being a part of its journey.
