Gold Fund Trader, operating under the registered name GFund Technologies in the UAE, has announced its permanent closure. The firm, which commenced operations five months ago, encountered several challenges leading to this decision.

Launch Delays Prompt Investor Withdrawal

The company initially planned to launch on August 15. However, the launch was delayed due to issues with their web designer, and problems with their . These delays resulted in the withdrawal of a major investor.

Despite these setbacks, Gold Fund Trader proceeded with the launch. The firm distributed approximately 150 accounts through giveaways but has since generated only $600 in sales from evaluation accounts.