I am going on a legal battle. ( QTC you are going down)
1) They change the rule with no notification to traders. 2) If you follow all the rules and make profits and apply for withdrawal they already have plans to deny the withdrawal. ( Your trades are copied or Your trading style is too risky blah blah ) I traded 11 days with a fixed lot size of 3 on a consistence basis. My total profit was $3555 and max profit on a single day was $990 and the largest trade was $990 which is all under the rule on Quantec. I also followed the rule of no opening 10 min before and closing of trade 10 min after the news. No breach of daily limit or overall limit, profit consistency or lot size consistency. On the day of withdrawal 26th July 2024 I applied for withdrawal and on 29th July 2024, I got an email that my withdrawal is denied and my account is immediately closed. There was no risky trade or activity on the account. They are just manipulating trader. Please check the below email. Dear Trader, We hope this email finds you well. We value your partnership with Quantec Trading Capital, and it is with regret that we bring an important matter to your attention regarding your trading account #88917821. Following a comprehensive review of your trading strategy and its potential impact on our risk management, we find ourselves unable to continue supporting your current trading approach. The inherent risk associated with your strategy poses challenges to the overall financial stability of our firm. While we appreciate the diversity of trading strategies among our clients, we must uphold a risk profile that aligns with the long-term sustainability of our business. Unfortunately, your trading strategy falls outside the risk parameters that we can accommodate. As a result, we have made the difficult decision to close your trading account with us, effective immediately. This decision is not a reflection of your trading abilities but is solely based on the risk assessment and financial considerations of our firm. In line with our commitment to client satisfaction, we acknowledge the note based on what is described in the Independent Contractor Agreement – Funded Trader, clause 21)b). Here are the key details related to the account closure: - Closure Date: 29/07/2024 - Refund: We will refund the transaction fee you paid to get your account. We understand that this news may come as an unexpected development, and we apologise for any inconvenience it may cause. If you have further concerns or inquiries, please do not hesitate to contact our Customer Support team. We appreciate your understanding in this matter and we wish you continued success in your future trading endeavours. Best regards, Quantec Trading Capital Risk Team