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So after all these days i can have a good feedback.
After more than 20% in 7 months, 6 payouts, alls denied for consistency, risk management etc, they finally ban me on this last payout, due to risk ahahahh.
To see if this company really scam, i make exact same amount of profit for 11 days (0.25%) so all days got same profit.
They denied also this one, because i am a risk for this firm (of course, profitable trader are risk what a joke ahah).
I have all proofs, all trades and all conversations. AVOID Quantec if you don't want to waste time+money.
Here is the last mail, due to payout request :) :
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 #88909826.
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: 10/10/2024.
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
Quantec Trading Capital 回复2024-10-11
Dear Alex,
Thank you for sharing your review. We greatly value feedback from our clients, as it plays a crucial role in our ongoing efforts to enhance our services.
While we understand this may be disappointing, after carefully evaluating your trading strategy and its implications for our risk management processes, we have concluded that we are unable to continue supporting your current approach. As a result, we have made the decision to close your trading account, effective immediately.
In line with our commitment to maintaining transparency, we refer you to the provisions outlined in the Independent Contractor Agreement – Funded Trader, Clause 21)b), which has informed our decision:
- https://quantectrading.com/wp-content/uploads/2024/10/Schedule-of-assessment-Quantec-03.10.2024-1.pdf
- https://quantectrading.com/faqs/
- https://quantectrading.com/wp-content/uploads/2024/01/Proptradetech-terms-and-conditions-Quantec-Trading-Capital-.pdf
If you have any further questions or require clarification, please feel free to contact our Customer Support team, who will be happy to assist you.
We appreciate your understanding and wish you continued success in your future trading ventures.
Best regards,
Quantec Trading Capital
Intentionally avoid paid out by giving wrong of profit consistently rules
Finally Quantec reply my command
And there is ridiculous answer
Here is their reply:
Dear Chi Shan Law,
Thank you for sharing your concerns. In accordance with our policies, the first withdrawal is capped at 2.5% of your account balance, which in your case amounts to a maximum of $2,500. The 35% daily profit limit is calculated based on this amount, meaning the highest profit you can generate in a single day is $875.
On July 31st, your earnings totaled $1,826.75, and on August 1st, $2,370.75.
These amounts were adjusted from your total withdrawal request, as we only consider positive trades for the day when applying the daily profit rule.Of the remaining profit, 60% of the eligible gains were paid out to you.
We hope this explanation clarifies the details regarding the withdrawal rules. We would also kindly ask you to reconsider your review on Trustpilot, potentially updating it to 3 or 4 stars.
We deeply value your trust and look forward to continued collaboration and growth.
You may also check our FAQ under Profit Split where the cap is stated.
————————————————————
Here is copy from website about the rules:
To provide a clear example of how the 35% Day Profit Consistency Rule would work in the context of a $100,000 trading account, let's simulate a scenario where your account achieves different levels of profit over a 30-day trading period, and see how this rule applies upon a payout withdrawal request.
Example Scenario:
Imagine you have a $100,000 trading account, and over a 30-day trading period, you achieve varying daily profits, leading to a total accumulated profit of $15,000 by the end of the period.
Daily Profits Example (simplified for clarity):
Day 1: $500
Day 2: $1,000
Day 3: $3,000 (Note this day as it's a significant profit day)
Day 4: $600
Day 5: $400
... (and so on, with varying amounts leading to a total of $15,000)
Step 1: Calculate the Maximum Allowed Profit Per Day
According to the rule, no single day's profit can exceed 35% of the total profit. Thus, we first calculate 35% of the total profit: Maximum Allowed Single Day Profit=35%×$15,000=$5,250Maximum Allowed Single Day Profit=35%×$15,000=$5,250
Step 2: Evaluate Daily Profits Against the Rule
From the given example, let's focus on Day 3 where you made $3,000:
Although $3,000 is a large single-day gain, it is less than the maximum allowed single-day profit of $5,250.
No Violation Detected:
In this case, Day 3, despite being a high profit day, does not violate the 35% rule since $3,000 is less than $5,250.
Step 3: What If a Violation Occurred?
Suppose instead that on Day 3, you had earned $6,000:
This amount exceeds the maximum allowed of $5,250.
According to the rule, this day would be considered a soft breach upon submission of a payout withdrawal request.
Handling a Soft Breach:
The profit exceeding the 35% threshold will be removed from your total profit calculation for the payout.
The account would remain active, and you would retain access, but the payout amount might be adjusted to comply with the consistency rule.
Conclusion:
This rule is designed to encourage traders to aim for consistent profits rather than relying on a few days of very high gains, which could reflect higher risk trading strategies. By applying such a rule, the trading firm also manages its risk and ensures more stable performance across its managed accounts.
—————————————————————
If base on Quantec explanation
example is wrong ,because if first month is 2.5% profit cap ,the profit should count from 2500 not 15000 in your example ,day 2 and day 3 are breach
Even if later month,if using your explanation,profit cap is 5% only,also count by5000 not 15000 , then day 3 also branch in your example.
So the rule of your website have not said the daily profit limited is count by profit cap,you already lead people misunderstand and cheat because in the example it is impossible count by 15000 because there is a profit cap of 2.5% or 5% of the balance .so just make some excuses to not paying me.
And most funny thing is the reason they deduct my profit is because they said my daily profit limited is 384.3875, but now they respond that my daily profit limited is 875,so which one is correct.if 875 is correct , so i should have1531.95 remain and 60% of it is 919.7
But I only get 329.
And they said my 31/7 and 1/8 daily profit is $1,826.75 and 2,370.75.which is wrong
Here is my daily result that I already cap screen and record
30/7 561
31/7 1591.7
1/8 1635.7
2/8 427.95
5/8 390
6/8 -57
7/8 40
8/8 -65
9/8 83
12/8 152
You see even they lie all
I will not remove the command of Trustpilot unless you give my money back.
Every can see my review and they will have good judgement what you guys did.
I am just follow what the rules said in website. So Quantec my payout is just little so don’t make excuses to not pay me the payout
Be fair
Quantec Trading Capital 回复2024-10-11
Dear Chi Shan,
Thank you for sharing your feedback. Please rest assured that we take all reviews very seriously, as they help us improve our services.
As previously communicated via email, you have received an explanation regarding your payout. We can confirm that your payment was processed, with the necessary deductions applied in accordance with the profit rule.
Should you require further clarification or have any additional questions, please do not hesitate to reach out. We are here to assist you.
Kind regards,
Quantec Trading Capital
Passed the accounts and went for pay-out on live funded accounts got rejected both times with saying copy trading but i traded my own trades so that's impossible then told me on 2nd time consistency breach, complete rubbish on both occasions they just don't pay
Quantec Trading Capital 回复2024-10-14
Dear Ian,
We would like to express our gratitude for sharing your feedback with us.
We want to assure you that we take all allegations very seriously.
In order to effectively address this matter, we have requested additional information from you through Trustpilot.
Best regards,
Quantec Trading Capital
*******AVOID AVOID AVOID*******
This company is running a SCAM operation and will avoid paying you at all costs. Once you request a withdrawal, they will make bogus claims from paying you. This company should be shut down immediately Do not, I repeat, Do not do business with this company. You will be better off throwing your money in the wind.
Quantec Trading Capital 回复2024-10-08
Hi Dobbs,
We greatly value your feedback and want to assure you that we take all allegations with the utmost seriousness.
In an effort to resolve this matter, we previously requested additional information from you here via Trustpilot.
However, we have not yet received a response, which has unfortunately hindered our ability to assist you further.
Kind regards
Sincerely,
Quantec Trading Capital
Please don't not purchase any of their account,don't waste your money
Please don't not purchase any of their account, I just got scammed by them right now , they decline my payout after waiting for 2 months with no excuse,this company will make you work for 30 days and gives you nothing but some ungeniue excuses. I never break their consistency rules, I only use one lot size which is 0.5 throughout my trade but as expected they decline the payout
Quantec Trading Capital 回复2024-09-30
Hi Oba,
We greatly value your feedback and want to assure you that we take all allegations with the utmost seriousness.
In an effort to resolve this matter, we previously requested additional information from you.
However, we have not yet received a response, which has unfortunately hindered our ability to assist you further.
Kind regards
Sincerely,
Quantec Trading Capital
what hell is this. this company is just scam, they purpose is to collect money from you and bring some nonsense reason to try again.
Let me ask you... if a firm is a scam . what do you expect from them ????
Don think they have a favor of you
Quantec Trading Capital 回复2024-09-30
Hi Ahishakiye,
We greatly value your feedback and want to assure you that we take all allegations with the utmost seriousness.
In an effort to resolve this matter, we previously requested additional information from you.
However, we have not yet received a response, which has unfortunately hindered our ability to assist you further.
Kind regards
Sincerely,
Quantec Trading Capital
Please don't make the mistake of investing in this company. There's nothing to achieve with them because they're only after your funds. I'm speaking this from experience because I learnt my lesson the hard way. After a while, I moved on with Paiva -they're consistent in the service they offer to their customers.
Quantec Trading Capital 回复2024-10-01
Hi Alexandra,
We greatly value your feedback and want to assure you that we take all allegations with the utmost seriousness.
In an effort to resolve this matter, we previously requested additional information from you.
However, we have not yet received a response, which has unfortunately hindered our ability to assist you further.
Kind regards
Sincerely,
Quantec Trading Capital
What can I say that hasn't been said by the other 75% 1 star reviews.
Requested a payout on 9 Sept, took them over a week to get back to me and the receive same answer as other reviews here, my account was taken away and the reason given: Risk Management.
I trade this exact same strategy with other reputable prop firms and have had no issues with payouts.
These guys are a scam and extremely immoral, just stealing traders money.
STAY AWAY!!!
PS: If you want to believe the 5 star reviews, take note of how many reviews those people have done, usually its their only review. I'm not saying they scam reviews, bit it is suspicious...
UPDATE:
Their reply to my review is an absolute lie, they did NOT request any additional information from me. They owed me money, then decided to close my account and made up an excuse of “risk management” without any proper explanation. I have all the “receipts”
These guys fraud and immorality knows no bounds.
Quantec Trading Capital 回复2024-09-27
Hi Kaizen,
We greatly value your feedback and want to assure you that we take all allegations with the utmost seriousness.
In an effort to resolve this matter, we previously requested additional information from you.
However, we have not yet received a response, which has unfortunately hindered our ability to assist you further.
Kind regards
Sincerely,
Quantec Trading Capital
A/c number 88920570
After 3 payout requests declined, i finally thought they will pay when the last decline was due to 'minimum number of days traded' because they asked me to make the 3days and they will do a manual request of my payout which i did. Then the decline to pay again due to ''Risk Management''. then i get an additional email that my account will be suspended because of my risk management strategy. Quantec is a total scam and anybody thinking of a prop firm, please steer clear of this one.
Quantec Trading Capital 回复2024-10-11
Dear Nancy,
We sincerely appreciate your review, as feedback from our clients is invaluable in helping us continuously improve our services.
We understand that this decision may be frustrating, but after a thorough review of your trading strategy and its potential impact on our risk management framework, we have determined that we are unable to continue supporting your current trading approach. Consequently, we have made the difficult decision to close your trading account with immediate effect.
In accordance with our commitment to client transparency, we would like to draw your attention to the relevant provisions outlined in the Independent Contractor Agreement – Funded Trader, Clause 21)b), which supports our decision:
- https://quantectrading.com/wp-content/uploads/2024/10/Schedule-of-assessment-Quantec-03.10.2024-1.pdf
- https://quantectrading.com/faqs/
- https://quantectrading.com/wp-content/uploads/2024/01/Proptradetech-terms-and-conditions-Quantec-Trading-Capital-.pdf
Should you have any further questions or concerns, please do not hesitate to reach out to our Customer Support team. We are committed to addressing any inquiries you may have.
We appreciate your understanding in this matter, and we wish you every success in your future trading endeavors.
Best regards,
Quantec Trading Capital
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.
Quantec Trading Capital 回复2024-09-27
Hi Benedict,
Thank you for your feedback. While we value all input from our clients, we must address the inaccuracies in your review.
Your claim is not only misleading but entirely false. Our partnerships team extended a test account to you as a goodwill gesture, which was clearly communicated as being for testing purposes only. Due to an internal error, your account was mistakenly migrated, and you should not have access at this stage.
We take our commercial obligations very seriously and will not tolerate false claims that misrepresent the facts.
If you have any further questions or wish to discuss this issue in detail, we can arrange for you to speak directly with our partnerships team.
Best regards,
Sincerely,
Quantec Trading Capital
Was a bit sceptic about Quantec but i got payout from them. It took only 4 days. I'm happy with them.
Quantec Trading Capital 回复2024-09-17
Dear Lucia
Thank you for sharing your experience! We’re pleased to hear that you received your payout promptly and are satisfied with our service.
Sincerely,
Quantec Trading Capital
I'm very very hapy with Quantec. The only propfirm that suits my trading strategy and actually pays.
Quantec Trading Capital 回复2024-09-17
Dear Bri
Thank you for your kind words! We're delighted to hear that Quantec aligns with your trading strategy and that you’re satisfied with our service.
Sincerely,
Quantec Trading Capital
For me this is the best hft propfirm out there. I have been using this propfirm for almost 4 months and today i got my first payout. Always hardwork pays in the end.
Quantec Trading Capital 回复2024-09-17
Dear Susan
Thank you very much for your positive feedback! We're thrilled to hear that you received your first payout and that your hard work has paid off. If you've encountered any issues with payments in the past, it’s likely due to not following the guidelines. Adhering to the rules ensures a smooth and successful withdrawal process. We appreciate your understanding and look forward to supporting your continued success.
Sincerely,
The Quantec Trading Capital Team
My account in mt4: 88998458
My trading period is 30/7-29/8
My total profit is 4759.45
And Quantec deduce my profit by reason of daily profit limited :
Daily Profit Rule Breach.
35% Daily profit limit: 384.3875
According to the rules of website
35% daily profit limit count by total profit which mean is 4759.45 x35% =1665
And here is my daily results:
30/7 561
31/7 1591.7
1/8 1635.7
2/8 427.95
5/8 390
6/8 -57
7/8 40
8/8 -65
9/8 83
12/8 152
No one day I over 35% daily profit limited
They just make no sense excuse to delete my profit
And I can email them and they just said profit department have made decision
Even they Don’t explain why they make mistake of calculation
I hope you can respond me otherwise you are scam
And so poor you even even can’t payout 2-3k
I think you should close down closely
I got all evidence and I can prove any time
Quantec Trading Capital 回复2024-10-09
Dear Chi,
Thank you for sharing your concerns. According to our rules, your first withdrawal is limited to 2.5% of your account, which in your case means a maximum of $2,500. The 35% daily profit limit is calculated based on this $2,500 total, meaning the maximum you can generate in a single day is $875.
On July 31st, you made $1,826.75, and on August 1st, $2,370.75. These are the amounts that were adjusted from your total withdrawal request, as we only count positive trades for the day when applying the daily profit rule. From the remaining profit, 60% of the allowable gains were paid out to you.
I hope this clears up the details regarding the rules. We greatly value your trust and hope to continue growing together.
Thank you for your understanding!
Quantec Risk Team
Stay away from this cheating company. They will do everything to deny your payout even if you strictly follow their rules.
Quantec Trading Capital 回复2024-09-12
Dear Miguel.
At Quantec Trading Capital, we are committed to following procedures and rules equally for everyone to ensure transparency and maintain a fair trading environment for all our clients.
If a payout request has been denied, it is always based on valid reasons in accordance with our terms and conditions.
If you have any doubts that you'd like to clarify, feel free to contact us directly.
We are here to help and to ensure that any situation is resolved in the best possible way. We appreciate your patience and remain at your disposal for any assistance you may need.
Sincerely,
Quantec Trading Capital
Its like 6th time I'm requesting profit share, and i can add screen shot of following all, lot consistency, average day profit consistemcy, no news no overweekend trading. All my trades are self trades no copy trafing no signal providers. Not even an indicator or automated strategy. Nothing breached. So now in their dashboard, it shows that I've four open trades and i dont have any open trade in my trading platform. I've been asking for checking this error and clear the scenery for my profit share and guess what, the just vanished.
Dont waste money on this firm. Rather opt for funded next or ftmo. I have proof of all my trades
Quantec Trading Capital 回复2024-09-12
Dear Sahil.
At Quantec Trading Capital, we take all feedback and concerns from our traders very seriously. We want to assure you that if your payment request has been rejected, it is because we have found valid reasons based on our trading policies and rules, which are designed to ensure a fair environment for everyone.
We understand how frustrating this situation can be and we sincerely regret any inconvenience you may have experienced. We recommend that you check your email, as our team will have provided you with details regarding the specific reason for your case.
We would be happy to assist you with any doubts you may have and assure you that we are always here to offer support and work together so you can continue progressing in your trading journey.
Thank you for your understanding, and we remain at your disposal.
Sincerely,
Quantec Trading Capital
Finally got payout after the migration to dx trade.
Quantec looks a lot more together, decent and fair. Quick replies and payout. Hopefully those who were refusing fair payouts and scamming before are gone from the company.
Quantec Trading Capital 回复2024-09-04
Thank you for your feedback. We're glad to hear that you’ve received your payout and that you’re finding Quantec more organized and fair. We are committed to providing quick responses and reliable payouts. If you have any further concerns or need assistance, please don't hesitate to reach out.
Sincerely,
Quantec Trading Capital
It’s a complete scam. Stay FAR, FAR away unless you want to lose all your money!!
Quantec Trading Capital 回复2024-08-20
Dear GB.
At Quantec Trading Capital, we take our clients' satisfaction very seriously, and we work diligently to ensure a safe and transparent trading environment.
We invite you to contact our support team at [email protected] if you have any further questions or concerns.
We appreciate your understanding.
Sincerely,
Quantec Trading Capital Team
IF I COULD DO 0 or negative-5 stars ⭐️ i would… They will always have a excuse on why not to pay you out… do to either IP ISSUES OR SAYING SOMEONE IS TRADING FOR YOU… or you didnt follow of there rules. Lol TRUST ME..
Quantec Trading Capital 回复2024-08-20
Dear Joshua,
At Quantec Trading Capital, transparency and adherence to our rules are fundamental to ensuring a fair trading environment for all our clients. If we identify a breach of our rules, we cannot reverse the situation, as these rules are designed to protect all traders and ensure a fair process.
Our policies are carefully crafted to help our clients succeed in their trading endeavors. If you have any questions or concerns, we invite you to contact us at [email protected]. We are here to assist you.
Sincerely,
Quantec Trading Capital Team
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