Prop firms scam alert

We need to be very alert with prop firms, here we can put the companies that you consider to be a scam company, the biggest problem is that they are not regulated, they use tricks to make you lose.
If you have or consider it to be a trick, report it here so that we do not fall into the trap.
1. Slippgees are very common, you buy at one price but they move it and give you another price, so your goal is very far away
2. They close trades without authorization
3. They tell you that you are a copycat of other people (this case happened to me)
These companies are pure lies.
You fall for the offers, like offering 100% of the profit, that is impossible that is fake, that is working for the broker's commission
Some offer up to one million to start, do you think the prop firms are going to come out of their own pockets?
$1million x 5% loss is $50k
I know of many people who don't get paid their profits for no reason, the rule is invented by the prop firms themselves.
These companies are interested in newbies with $10k accounts losing and buying again.
read the Trustpilot reviews but not the positive ones, read the negative one-star reviews
If you have a scam case, report it here.
Some of this thread wants to continue with better English

I communicate based on the documents I have read, ROCKET 21
Search the internet first, be alert, don't be a victim.

What happened to Cook?
Following the CFTC's legal action, Cook was sentenced to 25 years in federal prison. The My Forex Funds case stands as a beacon of the importance of caution when investing in forex and thoroughly researching any companies before entrusting funds to invest. It also bears testament to the protective role of regulatory bodies like the CFTC in combatting fraudulent activities and safeguarding client funds.

I consider InstantFunding scammers, I can paste communication and everything. I made profit on account and they didn't wanted to pay me out, they were saying I broke rule for 50% of margin. Which i'm sure didn't break and had tons of mail exchanges and they told me they won't give me payout but they will refund or reset my account, after negotiating for 2 weeks and finally when i threatened with lawyer to them they gave me bigger account, which I decided to bust as I was disappointed, to start from zero, I hade 17000 of profits scaled the account 3 times, and left profit was around 14000 at 70% payout around 10000 $ of profit but, they didn't wanted to payout. So beware.

This thread is useless, completely dead.

If you want feedback from actual prop firm users with knowledge, post here: https://www.forexfactory.com/thread/...8#post14872578

I want to report SkillfulTraders.com as a scam. They don't pay out—no explanations, just endless claims that my payout is "under review."
Also, beware of Bilz SMC on YouTube (he has 17k followers). He's part of the scam. He copies content from ICT, falsely claims to have been a student, and promises to pass trading challenges or use his EA to trade for you. But you'll never see a payout.
Bilz SMC (real name Bilal Hishemi) was even caught fabricating payout certificates using Canva, which he accidentally sent to someone. This scam is well-coordinated between him, his so-called "Trading Plus AI," and SkillfulTraders.com.
Unfortunately, I fell for it, but let this be a warning to others—do your research before trusting such claims.

Hi,

One of my stories for what it's worth...

I have been trading with Take Profit Trader, I recently passed 5 x 25K accounts then moved to 5 x 25K pro accounts.

On the fifth day of trading these accounts reasonably conservatively using Replikanto to copy trade I went above my buffer zone by a few hunderd dollar and decided to call it a day and walk away.

The next day I go to my platform there seems to be no accounts on the platform, I'm thinking maybe Ninjatrader or a Tradovate issue.

I go to my back office area on the Take Profit Trader website and see that the 5 x 25K pro accounts are not there, this was a Sunday night so sent an email immediately to their customer service, I got a response two days later.

Take Profit Trader claim that I was trading my 5 x 25K accounts against each other similar to hedging, they called it "over lapping".

Here's the thing, I sent my log files from Ninjatrader to Take Profit Trader but I also sent them to Ninjatrader and Tradovate. Both Ninjatrader and Traodvate said that I was clearly copy trading and that there were no instances of trading my accounts against each other!

I'm thinking here we go, I'll get my accounts reintstated....

Take Profit Trader basically told me to FCK off, not interested and that's where it ended!!!

The current so called Prop space reminds me of the Forex bucket shops from the 1990's, most if not all of them are crap, they do not give a shit about you, clearly the rules are there for them (Casino). So with that being said this game needs to played in a smart way if you're going to succeed.

Spread your accounts around a few the best of the bad bunch, make sure your technology is top notch and try use a conservative trading style along with the leverage of many accounts to come in under the radar.

I purchased one prop trading account from www.instantfunding.com
it was instant funding, cost me at $719
After 2 months try I successfully passed my account.
I request 1st withdrawal 26 September, they accept and it shows im doing HFT( high frequency trade)

But when I purchased they said only one rules that- you can't close any trade below 60 seconds. I double check all of my trade there is no trade below 60 seconds closed. I said and mail them I'm mobile MT5 user, but no response comes out

I again request them- please have a look and back my account ( it was instant funding program, not a challenge phase). they are not willing to pay my hard work.

I enclosed all of my trading history/account details.
Account number is- 8008375

Regards
Fuad

What?!

The CFD ones don’t use a broker at all, surely (unless they themselves are also a broker), and they don‘t even pretend to?

They’re your counterparty, aren’t they?

SCAM: SabioTrade (avoid)

I started by purchasing an investment of $20,000. My goal was a 10% profit with a maximum drawdown of 5%. I ended up with a profit of $5,000 and was supposed to receive 80% of the profit. However, these firms make money from investors' losses, and very few manage to reach their goals. Even so, this firm has a system to avoid paying those who manage to exceed that metric. They simply don’t accept identification and proof of residence documents. I tried 10 types of documents. The excuses are ridiculous. In this way, they literally steal from investors who earn merit.

Hello all, i wanted to ask an opinion. i used to trade with a prop firm, which im not going to name until im sure it wasnt my fault. I traded with them for nearly 1 year and it was all good and the rules were clear. Some days ago they added an option to one of their account for free. So the initial rules where that the drawdown was calculated at the end of the day. Once u had 5 days profit above 100 dollars u could withdraw ur profit. Then once they introduced the new option which was free the rules changed and it became an intraday trailing drawdown. My propblem is that on their first page this was not mentioned, but you needed to do a deep search to figure this out. The rule was kinda hidden. So, no need to say that i breached the account due to the intraday drawdown and i was really shocked. I know that we need to read everything before purchasing an account but usually these important limits are stated clearly. So i would like to know if i can appeal some how to a rule or something to get my money back or i just need to deal with it. ty

Unfortunately these shonky prop firms are a law unto themselves.
Name them and shame them.

We have to alert about Prop number one, as scammer company

What do you mean ?
Every prop thinks they are number one.

About Sabio Trade:
Regarding a review, I am very satisfied and consider the platform and the number of available instruments above average.
I must admit that at first, it was difficult to understand the multiple obstacles to opening a simple account. I also didn’t understand how they accepted an account without first requesting KYC.
I can see that this has been improved, as well as the ease of deposit with more options.
I have been recommending SabioTrade.
I was mistaken about the platform’s reliability, and I can factually confirm that it deserves 5 stars.

FundedTop (Evaluation Marketing Ltd) – Payout Block After $65,966 Profit

I would like to contribute a verified case to this discussion because it seems to match exactly the situation described in this thread.
I am a funded trader with FundedTop (Account ID: 12316).
My account size was $200,000, and I generated $65,966.55 in profit while staying within all trading rules.

1. KYC completed
2. No copy trading
3. No slippage violations
4. Over 400 trades executed

What happened when I requested my payout:
1. Activation Fee Introduced
Before I could even access the withdrawal panel, I was required to pay a €49 “activation fee.”
2. Payment Method Suddenly “Unsupported”
After paying the fee, support claimed my bank (Revolut Finland) was “unsupported,” despite Revolut being a widely used European banking service.
3. New Condition for Withdrawal
Support confirmed in writing on Feb 23, 2026 that my payout is conditional upon making an additional crypto deposit exceeding $49.
At this point my $65,966.55 profit is effectively blocked unless I send additional funds from my personal wallet.
From my perspective this resembles a classic advance-fee situation, where a new payment is required before a withdrawal can be processed.
Important point: Legitimate firms normally deduct fees from the payout itself, not request additional deposits from the trader.

I have send several emails to support to resolve this matter. But they do not reply anymore in my emails.

Evidence available:

1. Full email communication with support
2. Trading logs (400+ trades)
3. Account profit history
4. Screenshots of the payout conditions

I have also shared the details on Trustpilot and PropFirmMatch so traders can review the case.
If anyone in this forum wants to review the documentation, I’m happy to share the email PDFs and trading logs.
My goal here is simply to document the situation so other traders can be aware of the risk. I will update this review if the company processes my payout without demanding additional deposits.

UPDATE – March 19, 2026: Official Fraud Report and Legal Action
Since the company FundedTop (Evaluation Marketing Ltd) continues to withhold my $65,966.55 in verified profits and persists in demanding additional cryptocurrency deposits (a "pay-to-withdraw" tactic), I have taken the following formal steps:

1. Police Crime Report: I have filed an official report with the UK National Fraud and Cyber Crime Reporting Centre (Action Fraud).
   1. Crime Reference Number: RF26030162207C

   
   

2. Bank Dispute: A formal chargeback and fraud investigation have been initiated through Revolut to recover all fees paid to Evaluation Marketing Ltd.
3. Regulatory Notice: This case has been documented as investment fraud involving undisclosed financial conditions.

I will not make any further deposits. I am now seeking full recovery through international banking protocols and law enforcement.

Payout Denied, Support Non-Existent, and BLOCKED on X
Title: A Nightmare Experience—Do Not Be the Next Victim
Quant Tekel (QT Funded) is a firm that ignores its own rules and silences traders who ask questions. My $500 payout was rejected on March 24th for a "news violation" (ECB news) while trading USTEC (USD Index). Their own FAQ clearly states restrictions only apply to indices priced in that specific currency. EUR news should never affect a USD asset.
The "Support" is a Trap:

1. No Live Chat: There is no way to get immediate help.
2. 48+ Hour Delay: Internal tickets take more than 48 hours for a single, generic response.
3. Silencing Traders: When I reached out on X (Twitter) for rule clarification, they BLOCKED me immediately instead of helping.

in one email they even have accepted that there rules are contradicting
I followed every rule and even cancelled my limit orders 5 minutes before the news. This firm is happy to take your fees but will find any excuse to deny your profits and block you. I’ve lost time, money, and peace of mind. If I can save just 3 or 4 people from purchasing an account here, it will be worth it. Avoid at all costs.

They are supposed to be one of the top firms but stay away if you know what you are doing. not the first time they banned me with their vague rules. this time they could not make any point that supported their claims yet they proceed anyway. there is not a single instance online where they have not done so to find anywhere.

FundedNext terminated both my challenge accounts for grid trading. I've reviewed their evidence, their FAQ definition, and their Terms of Service. My trading does not match grid trading under any of these.

**FundedNext's own definition of grid trading (from their FAQ):**

"Grid trading is a strategy where a trader places multiple buy and sell orders at different price levels above and below the current market price. The goal is to profit from price fluctuations as the market moves up and down, hitting various price points."

They further explain it is prohibited because "a sharp directional move can trigger simultaneous losses across multiple positions." Their example describes buy orders at $100, $105, $110 and sell orders at $115, $120, $125 — multiple orders open at the same time across a price grid.

**My actual trading pattern from their own evidence:**

1. ONE position per instrument at any time. Never multiple orders stacked at different price levels. Their evidence confirms every position closes before the next opens — the close timestamp of one trade matches the open timestamp of the next. There were never "multiple positions" open to trigger "simultaneous losses across multiple positions" as their own definition describes.

2. No fixed price grid. My entries vary based on market conditions. Distances between consecutive trades are irregular — ranging from a few pips to over 100 pips. There is no systematic grid spacing.

3. Variable lot sizes (0.13 to 0.34). My EA sizes each position based on stop-loss distance to maintain fixed risk. Grid systems use identical lot sizes at each level. Mine does not.

4. No take-profits. Every trade in their evidence shows TP = 0.000. Grid trading relies on take-profits at each grid level to capture oscillations between levels. My EA exits based on a directional model, not fixed TPs.

5. Variable stop-losses. Each trade has a different stop level calculated from ATR. Grid systems use fixed, uniform stop distances.

6. No simultaneous opposing positions. At no point did my account hold a long and short on the same instrument at the same time. Grid trading, by FundedNext's own description, involves buy AND sell orders placed around the current price. My account held a single directional position that reversed when conditions changed.

7. Irregular trade intervals. Time between trades ranged from 1 hour to over 4 days. Grid systems place orders systematically at regular intervals. My EA evaluates hourly and only trades when conviction exceeds a threshold — most hours it does nothing.

**What their detection actually flagged:**

My EA is a directional strategy that reverses position when market conditions change. On choppy days, it reversed multiple times. An alternating buy-sell-buy-sell pattern appeared. Their automated system flagged this as "grid trading." But alternating direction is not grid trading — it is position reversal, which every trend-following and mean-reversion strategy does.

Their definition requires multiple simultaneous orders at predetermined price levels. My trading shows single sequential positions at market-driven prices. These are fundamentally different things.

**The dispute process:**

I provided a detailed technical rebuttal covering every point above, referencing their own evidence. Their responses were generic, never addressed a single specific argument, and concluded with "the decision is final." Their live chat redirected me to email. Email gave scripted responses. No one ever engaged with the substance of my dispute.

If you run any EA that reverses direction, FundedNext's detection will flag you for grid trading. Their definition is broad enough to cover virtually any active trading strategy. Avoid.