Weekly Trading Requirement - penalized 6 months after breach
I was just informed today that an elite account I have had since Oct 2025 has been closed. In November 2025 I breached the Weekly Trading Requirement. They continued to take my fees to keep that account active and then as I get closer to a payout, they decide we better audit this guy. Come on. Additionally, trading is fundamentally about longevity and risk management. The reason I did not trade that particular week was that I was in a drawdown, and I chose to pause rather than risk blowing the account. This decision ultimately proved prudent, as I have since managed to recover and continue trading successfully. Instead of being penalized for responsible account management, I believe such actions should be recognized and encouraged. If I wasn't in the position of holding several Elite accounts and continuing to get them closer to a payout, I would have left them months ago. The last 2 accounts that I passed got cancelled before I could transfer them across to Elite Funded status. Their backend system is not that great if this can happen, and ultimately, despite their self promotion of how they care for their traders, I doubt it very much. I think they are cheesy and if I was starting all over again I would avoid them completely. They have responded in their usual fashion, and they are unable to refund any fees that I paid to keep that account open. And I did pay fees, as I started paying monthly then eventually paid the one time fee. I believe this provides evidence around how unethical they can be when it suits them. Very little respect for their paying customers, happy to keep taking their money when their systems aren't reliable enough. Sure, I made a mistake, but that didn't stop them taking my money. I run a business too, and that is no way to treat your customers. There are way better companies out there than this one. And the others are much much cheaper too.Absolutely no respect for their customers. Please avoid them and go elsewhere. They should not have continued to take my subscription fees, they should have cancelled the account 6 months ago. That is not something I accept as ethical business practice.