I will share our Discord below. You can feel free to report payout denials (with evidence) here and you can also chat with other prop traders.
Remember we are stronger in numbers.
- Last October, there was a wave of denied and delayed payouts.
- In December, it was revealed that Nic [co founder] had sued them.
- This year, they implemented an"EMR" system, which unjustly breached numerous accounts and led to many denied payouts.
- During their transition to
I know itโs different for everyone but to be clear, when I talk about โhiddenโ rules I mean rules that are NOT clear or well defined and often buried within T&Cโs
Example: we do not accept gambling
This means something different to each person and can be interpreted loosely
The Funded Trader has been suspended from . The suspension is due to a significant number of complaints and instances of payout denials reported on Trustpilot, through social media, and directly to Propfirmmatch. Note that we have not verified anyโฆ
So firms will just keep denying payouts? Because no one wants to be the first to change the model THEY created that is not sustainable?
And some firms had the nerve to come on this app and mock people who tried to warn about this ๐คฆ๐ปโโ๏ธ dear Lord this industry is a fucking MESS
@FuturesFlow
Couldnโt agree more! Unfortunately forex customers wonโt realize that the issue with the industry is partially their un willingness to accept different rules sets
Until then futures will be king
If you guys think TFT is the only firm who will suffer from creating an unsustainable product, youโre gonna be in for a BIG shock soon.
Also since no one else wants to say it. Shame on you
@kimmeltrading
and
@TradeConnectVVS
. Built your whole careers on โexposingโ firms only toโฆ
If you have an account with any of the FPFX companies, your data is at risk! I mean no, they have most likely already been leaked to the public.
How is this possible? The greed of the FPFX CEO is behind everything. From time to time, Justin Hertzberg does these meetings withโฆ
Just wanted to quickly say thank you to every person who reached out in support yesterday. It means a lot. We will be OK and up again soon.
I want to be honest about the current situation at hand.
Our website was targeted yesterday along with an anonymous threat that if weโฆ
What a disappointing day.
As our platform is completely free (& run manually) we simply donโt have the resources to fight ongoing threats & targeted attacks
Website is currently down. Iโll be taking the next week or so offline & will then update
Iโm sorry.
@propsafeio
@YadavNaveen
It's my believe that if you have the interest of traders at heart you claim, you should open a prop firm where there will be no payout denial for copy trading, use of shared signal, use of account management, use of full margin to open a trade (ie using entire DD to open a trade)
This is very true. There are still many dishonest traders who try to take advantage of the situation and although they have knowingly broken the rules, they try to smear the name of the companies.
Always listen to both sides, both the trader and the firm itself. Only thenโฆ
Payout denials are not always wrong. Sometimes traders are truly breaking rules, here are just a few examples:
-traders who didn't understand the rule, then broke it
-traders attempting to "cheat the system"
-those who didn't fully read all stipulations
Here's what we're adding to within the next month:
-rule breakdown by firm
-ongoing best promos (the cheapest link/coupon to purchase - this will never be an affiliate link that compensates us)
-best practice checklist to avoid payout denials
Just to quickly point out.
Payout denial reports don't automatically mean a company is a scam. Some reports may be for valid reasons, which is why in time we will break down statistics.
It's best to look at percentages and comparisons when considering if a firm is good to use
Public offer to prop firms
By May 1st, maintain a low denial rate on our platform for a verified badge & link next to your profile
We will take no commission. Instead I ask that you pass on those savings to the trader & give them the best price possible
Tag your favourite firm
Hereโs what I want to achieve with PropSafe: for traders to get paid when they follow the rules
And in order to get there we need real transparency and an extremely CLEAR understanding of what traders can and cannot do
This is better for both firms and traders
Over 85K in payout denial reports just posted to
You can check them out on the homepage and under reports. We will now have daily updates going forward
Effective immediately we will no longer reach out to firms for comment before posting reports.
We will still verify every report is authentic, to the best of ability, prior to posting. Firms can always respond to correct inaccuracies using the form on our website.
This changeโฆ
Yesterday received my first threat. Saw it coming. Absolutely pathetic.
Let me make myself perfectly clear.
I have so much dirt on people within this industry I could get the rights to a fucking Netflix documentary.
Never start a war of words with someone armed with the truth.