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Angelo Ciaramello, the founder of The Funded Trader (TFT), announced the shutdown of his futures proprietary trading firm, Rev One Trading. Ciaramello attributed the decision to limitations in platform options, stating that the lack of a top-tier trading interface severely constrained the firm's ability to scale operations. The company operated under a subscription-based evaluation model using simulated trading environments rather than executing live exchange orders.
The shutdown marks Ciaramello's exit from the retail proprietary trading industry following a turbulent history with TFT. That previous entity suspended operations in early 2024 for an internal audit and subsequently faced legal action from technology provider FPFX Technologies over alleged unpaid fees and contract breaches. Ciaramello stated he now intends to shift his focus toward products in the prediction-market space, though specific operational details remain undisclosed.
Industry participants should watch the shifting regulatory and operational landscape for funded account providers, as platform reliance and payout sustainability remain key pressure points. The pivot toward prediction markets highlights broader trends of retail trading entrepreneurs exploring decentralized or event-based derivatives platforms as traditional prop firm models face operational bottlenecks.
