🚨SCAM WARNING🚨
https://t.co/13xPjCrdBs is a several month-old prop firm that claims to be legitimate, however under the surface:
- Shady team (involved in previous prop firm scam)
- Denial of payouts after encouraging users to purchase evaluations
See more in THREAD:
Internally reviewing & Banning cheaters on your platform is simple.
However, it's difficult to issue payouts to @cashedfun traders when the revenue dries up and the ponzi-like business model starts to fail
Trade with a real, trusted prop firm, not a sinking ship.
Many people are concerned about @cashedfun , let them sort out the cheaters.
Your influencer buddies from specific Asian countries tried exploiting the system.
I have had 3 people personally DM me so far and admitting that they cheated, but offered to pay me 50% of their payouts if I convinced Cashed to pay them.
You sheep that follow your influencer gods so blindly, will learn the hard way.
Cashedfun is presenting here a completely legitimate case of hedging on their platform.
However, for every hedger, there are 5 more legit traders with:
- Payouts DELAYED
- Support tickets unanswered/vaguely answered
Hedging exists, but so do your traders.
@szmueel
Thanks for bringing this to our attention.
For clarification bright hedged between 2 accounts on gold with a hold time of 100 hours.
As per section 98 in our rulebook this is a prohibited trading strategy.
Bright was also previously paid out twice.
We have now paid out over $300k to traders as we continue to grow.
@propfundsquad@Tradeify same thing happening with cashedfun
they are soliciting people to buy evaluations and offering scam buy one get one promotions because they need money to pay out previous users who havent received payouts days on weeks.
Massive red flag with delays
THESE SCAMS ARE INSOLVENT.
@DailyPropTrade@cashedfun They will pay small payouts like yours to decrease fud
And then delay most other payouts and find reasons to deny them
U are exception, not rule
⚠️@Cashedfun SCAM update⚠️
https://t.co/13xPjCrdBs is launching a "Trader VIP" in an attempt to quickly grab evaluation fees/deposits, promising:
- free evaluation and funded account resets
- "profit split boost"
SEE MORE IN THREAD:
Now, there's a BIG difference between having rules and abusing them
Hidden restrictions? Unacceptable.
Changing conditions after someone buys? Unacceptable
Using ridiculous excuses to deny legitimate payouts? Even worse
Rules should protect the business, NOT become weapons against traders
One more thing:
After Plisio, their payment processor, had issues which prevented deposits:
- Fixed and patched a new payment processor within 1-2 days
Yet they force traders to wait multiple days + multiple tickets for payouts
Sam will protect his deposits before payouts.
All while their discord members beg to receive their payouts, and get ghosted by Sam/Other team members.
This is UNACCEPTABLE for a serious prop firm
⚠️DO NOT BUY THEIR EVALUATIONS⚠️
They are trying to boost sales while delaying/denying payouts whenever they can
#SCAM
🚨SCAM WARNING🚨
https://t.co/13xPjCrdBs is a several month-old prop firm that claims to be legitimate, however under the surface:
- Shady team (involved in previous prop firm scam)
- Denial of payouts after encouraging users to purchase evaluations
See more in THREAD:
Conclusion:
⚠️SCAM FIRM⚠️
if you have pending payouts on @cashedfun, try to claim them any way you can, and then LEAVE
Do NOT buy any more evaluations or instant account from this firm
they WILL exit scam after making enough money
you will be left holding the bag.