Have any of you used these? And if so, have you been paid out?

I emailed their support and asked a few questions, and tbh I was shocked to find out their policies.

Firstly, they have a nasty drawdown system on most of their accounts - it takes into account unrealised PnL. Lets say your drawdown is $4000. So you place a contract on the NQ, it shoots up to $700 in profit, goes back down, you decide to exit at $400 profit. Your drawdown is now $3300 and has lost $700, even though you only took $400 profit. It's a strange way to trade, but that's their rules, except for the eod accounts.

But that's not my problem, the issue is their payout policy. You need to have 20 trading days for your first payout, and that payout is limited by an amount they decide. I think it's about $1000-$3000 depending on which account you go for. This is the same for the first 4 payouts, after that you can take out what you like.

However, if you break a rule in this time, such as leaving an order on the chart or accidentally going over your allowed contract amount, then you forfeit ALL PROFITS! So you could spend months trying to pass, thousands on subscription fees and resets, then end up with nothing.

And to top it all off, you're not even trading live when you get funded. Support have just told me they start everyone out on a sim account! Yet it doesn't state this anywhere on the site. Feels like a huge scam to me, and I doubt I'll ever join them. But I did want to see what the community had to say about it.

I hate to tell you, but this is how most of the firms operate. Don't get me wrong, I'm actually a fan of the prop firm model, have passed and am funded by several. But, the trailing drawdown aspect is fairly common. As is the sim trading, almost all firms start you out on sim these days even once "funded". I think I saw you comment on TradeDay thread, they are one of the very few who do give you actual real capital to trade with from Day 1 of being funded.

As for "scam", people throw that term around way too loose these days. They provide you what they claim to. If you don't like their rules, there's other options.

They're the only ones I've found that have unrealised profit in the drawdown. Most seem to be EOD drawdown.

Which ones have you passed? Have you been paid out? I just don't want to give them my money then not get paid.

Have any of you used these? And if so, have you been paid out?

I emailed their support and asked a few questions, and tbh I was shocked to find out their policies.

Firstly, they have a nasty drawdown system on most of their accounts - it takes into account unrealised PnL. Lets say your drawdown is $4000. So you place a contract on the NQ, it shoots up to $700 in profit, goes back down, you decide to exit at $400 profit. Your drawdown is now $3300 and has lost $700, even though you only took $400 profit. It's a strange way to trade, but that's their rules, except for the eod accounts.

But that's not my problem, the issue is their payout policy. You need to have 20 trading days for your first payout, and that payout is limited by an amount they decide. I think it's about $1000-$3000 depending on which account you go for. This is the same for the first 4 payouts, after that you can take out what you like.

However, if you break a rule in this time, such as leaving an order on the chart or accidentally going over your allowed contract amount, then you forfeit ALL PROFITS! So you could spend months trying to pass, thousands on subscription fees and resets, then end up with nothing.

And to top it all off, you're not even trading live when you get funded. Support have just told me they start everyone out on a sim account! Yet it doesn't state this anywhere on the site. Feels like a huge scam to me, and I doubt I'll ever join them. But I did want to see what the community had to say about it.

You need to lay down the ban hammer then, silencing criticism is bad practice.

Excuse me?

When ETF rolled out the 30% consistency rule on a weekend I was banned from the discord because I voiced my concerns.

More than likely you was trash talking or trolling.
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If you can't do it, doesn't mean that the problem is with the company, the problem is within yourself.

Moderator Notice @Phoenixoboros, @RichSteps I don't know why this exchange happened, but it is out of place here. If you disagree with someone and say so, with your reasons, that is completely OK, and is generally a good thing. Personal back-and-forth exchanges are not. I have deleted the posts, and I'm quoting them here so there's no doubt about why. Please keep things civil and follow forum standards of professional courtesy. Thanks. Bob.