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Benedict Monck

United Kingdom

1 Reviews
2 Reads
4 Useful

1 review

Quantec Trading Capital

2 Payouts Declined for no reason

I've had 2 payouts declined, even though I am inside all of the rules. I even went to the length of creating a Python calculator to work out if I'm inside the 35% daily profit rule, which I was on the both accounts. They used the "CLOSED P&L" figure on DX Trade to work out the 35% rule, instead of "NET P&L" (which is what you get paid out on). They ignored all of my emails asking which figure they use, then said there is a violation on my second payout request for "risk management" - even though all of the trades are the same size, all at different times, and are all unique. I am actually filing a complaint to ASIC (the Australian regulator) - this company is a parent company of PTT (Prop Trading Tech) - for those of you who are reading this & would also like to do the same. Please report them as they are just mugging people off, and should not be operating at all. I have 6 years full time experience as a trader, it is extremely annoying when you use a firm like this that DOESN'T PAY YOU - as it messes up your financials for the month. Avoid this firm at all costs.

2024-09-16Helpful 4