UK-based Stocknet Institute, which also operates under the SI World brand (websites stocknetinstitute.com and siworld.io), has announced that it has begun the process of ceasing its operations with the goal of permanent closure. The program purchase has been disabled and all active customers will receive an email regarding their account closure.
The closure of Stocknet / SI World is the latest in a series of merchant account companies that have either suspended operations or closed down altogether, in an increasingly competitive and somewhat difficult environment for support companies, despite a general increase in popularity. retail accounts and funds. Other recent service closures or suspensions include SurgeTrader, True Forex Funds, Skilled Funded Traders and The Funded Trader.
FNG has obtained a copy of the email sent by the Stocknet Institute to its clients, which reads:
Dear valued customer,
It is with mixed feelings that we write to inform you of an important development at Stocknet Institute. After much thought and strategic planning, we have decided to officially begin the process of ceasing our operations, with the goal of permanent closure.
This decision stems from a strategic pivot as the business moves in a new direction. We want to emphasize that the business is in a healthy position and this transition reflects our commitment to pursue new opportunities that align with our long-term vision. During our three years in this industry, we take great pleasure in being a part of our customers’ journeys. However, we are now making a permanent departure from the Prop Trading industry and are committed to managing it in an ethical manner.
Effective immediately, we will no longer be taking on new clients and the program purchase has been disabled. For our existing customers, we have created a clear process for managing company closure:
- Customers whose account is in ‘surplus’ – meaning they have received more payments than they have paid – will receive an email today, Thursday 4 July, with details of their account closure.
- Customers whose account is in ‘deficit’ – meaning they have not received payments in excess of what they have paid – will receive an email today, Thursday 4 July, with detailed instructions on how to close their account.
As part of this transition, we’re also announcing that our prop trading technology IP is available for sale. If this might be of interest to you, your business or someone you know, please don’t hesitate to contact us for more details at partners@siworld.io.
We express our heartfelt gratitude to all our customers and stakeholders for your unwavering support and trust in Stocknet Institute over the years. Your partnership has been integral to our success and we deeply value the relationships we have built.
Thank you for being a member of the Stocknet Institute. We wish you all the best in your future endeavors and look forward to watching this industry grow from afar, benefiting millions of aspiring traders around the world.
Yours sincerely,
Stocknet Institute