A trader has exposed @QtFunded on Reddit. - Co-founder asking to sign NDA for Payout. More details in threads ๐
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if you're a prop firm trader seeing this, you're very early, and if you don't have any challenges or funded account with this prop firm, you're very very lucky.
a trader i taught(@theoneepercent), requested a $2k payout from @QtFunded and is still yet to be paid, i kinda don't get the point, if anyone is to talk about the bad practices of a prop firm, it's most likely not me, but i want you to be the judge of this.
this trader worked so hard to pass the two phase evaluation, struggled towards a payout, in fact, his first ever payout, the joy that comes with that is something i cannot explain but i was genuinely proud of him, so we waited for the bi-weekly payout cycle (which is normal) and then boom, payout submitted to QT Funded.
it took these guys a week plus, for the "risk team" to review the payout requested, and after much struggle with the CEO over DMs, payout was finally approved.
you'd think that the payout was processed after this, from their email; "3-5 business days" for a CRYPTO PAYOUT METHOD. Fine
Mind you this timeframe is expired, and yet the payout has not been processed and the CEO keeps going to different posts on X about negativity on QT saying "Check DM", so now payouts are being processed through X DMs? wtf
This is not even the weird thing, in their discord server, once you're funded, you are given the "QT Funded Trader" role and once given this role you cannot send a message in the general chat, and funny enough the QT Funded Trader chat is under a 2 hour slowmode, pathetic.
so in the DMs with my "student" and Alex, the CEO of QT.
The CEO asked this trader to share the payout certificate publicly (which has not been processed)
so you'll first of all wait for the payout cycle (2 weeks), then get a payout review by the risk team, then get delayed for a cryptocurrency payout method (which we all know is instant), not only that, get silenced in the discord community, this is to show you how bad this firm regards their funded traders, sad.
alongside this, what if i tell you that this trader's story is a fairytale to what is already been happening in QT Funded, there are other traders that have payout submitted 3 months ago? NOT APPROVED, SUBMITTED.
do you understand how bad that is? and their excuse for that is that, they have a backlog of payouts since their so called new policy and QT CAP?
and the "QT Cap" traders are receiving payouts, meanwhile their main income stream, the core of their business, QT FUNDED IS NOT???
and the team have the audacity to say that QT Capital is a different body from QT Funded.
i swear on everything, this is the reason i left CFD Prop Firms, there are only a few out there that are still doing the right thing, hopefully, they don't stop being the good prop firms that they are.
back to the point, you have read this post from the start to finish, if you go and patronize that prop shop again (QT), i genuinely feel sorry for you, DONT DO IT.
i know their 55% OFF BOGO Promo might sound like a very sweet deal, it's been running since last BLACK FRIDAY, last year!!! (this is enough of a red flag)
how the fuck is that sustainable?
and why is QT Funded still listed on @PropFirmMatch
the affiliate whores, oh well.
apologies if my choice of words may not be favorable but sometimes, we have to call a spade a spade.
at this point, i don't even expect QT to payout this trader, but i'm posting this for awareness, be careful with this firm, and maybe consider switching to futures.
the payout certificate is attached below and the details that may matter, and QT don't fucking DM me, just settle the trader, good luck everyone.