Prop Trading Firm Indigo Trader Funding Confirms Shutdown

Proprietary trading firm Indigo Trader Funding has officially confirmed its shutdown, stating that it “failed in this business endeavor.” The announcement comes after the company’s name was removed from the UK’s official register. The sudden disappearance of the firm from social media platforms and lack of communication caused anxiety among its customers, with one trader claiming to have made $27,000 in profits and expressing confusion over the decision. The firm apologized for the lack of communication and assured customers that any remaining funds would be refunded. Indigo Trader Funding had recently been promoting challenges organized by Eightcap, but stated that it could not sustain its growth as a promoter and referrer due to high competition and a rapidly increasing failure rate of firms in the industry. The firm was headed by Lucas Thomas, who had previously launched two other companies that also quickly disappeared from the market. It is estimated that over twenty other prop trading firms are facing an uncertain future, with Astra Capital Group expressing interest in acquiring these shuttered firms.