CEO & Founder Statements 6th September 2023

CEO Statement - Vikus, Funded Crowns

I wanted to personally share a message with you on behalf of the team at Funded Crowns, following the news of the recent injunction against MyForexFunds by the Commodities Futures Trading Commission (CFTC) in the US.

News of MyForexFunds’ alleged activities has undoubtedly shocked the entire community. We too felt the same shock.

Vikus george

I know that the actions alleged in the CFTC’s interim injunction will have rightly prompted questions from within the community. I would ask questions myself, and I would expect answers – this is what I hope to share with you.

To clear something up from the beginning – Funded Crowns does not, has not, and will never knowingly engage in practices that maliciously disadvantage traders.

This includes the creation of artificial groups with less favorable conditions for successful traders and/or the artificial manipulation of slippage, spreads, and commissions outside of real-market conditions provided by our internationally regulated broker.

I would welcome other firms to make a similar statement with the same direct, clear, and unambiguous language as I have been able to do. I can make this statement in this way because it is the truth.

I have also been transparent and have always been an active presence in Discord, engaging with the community directly since the firm’s founding in the UK in 2021. Many of you will have come to realize that I am straight-talking and provide a no-nonsense approach in my communication.

Some of you will be new to Funded Crowns and may be looking for your next funded trading firm. Now more than ever, it’s important to me that you find the right fit for you. That may be Funded Crowns, it may not be. I will never push you to make a decision, but I will provide you with clear and unambiguous information so that you can determine whether our offer is right for you.

I am also sharing Funded Crown’s statement of good faith (Published Below) authored by the owners of the firm: myself, Michael, and James. We all believe that transparency and good faith are what has made us a leading firm in the industry, and the recent controversies cement for me that this approach is the right choice.

Vikus

  1. Ensure that you have no active trades and that you have the simulated profit target amount in your account – In this example you would need $110,000 in your account.
  2. Raise a support ticket and request to scale up your account.
  1. We will temporarily disable your account access and increase the simulated funds in your account. In this example we would increase the account to $210,000 from $110,000. Note that once this process has been started by support, it can take up to 48 hours to complete.
  2. We respond back to you letting you know that your existing account has been scaled up and is ready to trade again.