Scam scam scam !!!!!!
I had a very disappointing and frustrating experience with this prop trading firm. I paid activation fees for 5 Elite accounts, plus approximately $45 per month for each Rithmic account (5 accounts in total), while fully respecting all the rules imposed. I traded with discipline, respected the risk conditions, and reached the point where I was eligible for a payout. At the moment I requested the withdrawal of my profits, the situation suddenly changed: my account was moved to the Live Elite program, and my payout request was canceled without me having requested this change. From my perspective, this raises serious concerns, as the rules seem to change exactly when a trader becomes profitable and should be able to withdraw their earnings. Everything changes when a trader becomes profitable and represents a “threat” to the firm. Requests get blocked, payouts are not processed, and everything is nicely disguised under this so-called LIVE trading vision. As long as the trader has respected all conditions, they deserve to receive their profits, and only afterwards should a transition to LIVE be made with their consent; otherwise, the partnership should be closed. Of course, this is how serious firms operate, not scam ones. I tried to clarify the situation and request payment according to the initial conditions, but the responses were vague and did not lead to any concrete resolution. I believe this approach is highly problematic for traders, as it creates a lack of transparency and uncertainty regarding access to realized profits. I strongly recommend not investing money in challenges or activation fees. It is all a scam-like structure and you will not receive your money back. It is not worth it. There are other more serious firms out there. Low-cost challenges and “dream promises” often end up being nothing but a waste of time and money. From my personal experience, this was not a fair or transparent collaboration, and I would not choose to work with this company again, even if they offered to pay me my own money. Everything feels like a scam. Avoid at all costs.