elysiumforex.comReviews of elysiumforex.com

Do not trust and avoid it all cost! This is a scam company. The so-called CEO Rich makes promises that they guarantee payouts and no interviews, but now they are canceling people’s accounts for no reasons and are not paying out. I lost all my 5 funded accounts and was denied the payouts.

Avoid ELYSIUM FOREX at all costs. They advertise “0 payout denied” but The moment you actually make profit, they start banning people for no clear reason. I had a 100k funded account and opened a single 4 lot manual position. I traded normally, reached the 2% profit target fairly, and was simply waiting for payout day. Then suddenly my account was marked as breached with no warning, no explanation, and no evidence provided. What makes it even worse is they also breached ALL of my other accounts with them at the same time. No transparency, no proof of any rule violation, just instant bans across everything. If you’re going to accuse traders of breaking rules, at least provide actual evidence. Right now it feels like they’re happy to collect challenge fees but don’t want profitable traders receiving payouts. Extremely disappointing experience and I would strongly recommend traders stay away.

ELYSIUMFOREX . Horrible. Stay away. I was running 4 accounts and they instantly disabled all accounts. Will not return email or correspondence to say why. They must be failing as I had just earned another funded account. Do not use them there are too many other options. I will dispute all fees for accounts.

Elysium Forex had a mission statement of No Payouts Denied. Well that all tunred around this week and they have denied a payout to me for close to $3000 along with breaching my account and closing it. I know this has happened to many users also. I would not spend any money at this prop firm. Especiallly with them changing their name here on Trustpilot to dodge the bad reviews.

Elysium started great, but here's what changed. First, let me clearly state I have purchased and used Elysium's challenges since the beginning. Recently, they added a 30% consistency rule, which makes hitting a payout difficult. Then they added a capital requirement to withdraw funds, which further compounds how hard it is to meet the payout requirements. Now, in the last 48 hours, they've started banning people associated with my trading community, Blue Edge Financial (see my other review). Here's the thing. The owner of Elysium, Rich, used to be a member of my community. He was successful at it and leveraged that success to open his own prop firm — stating that members of BEF were welcome, because the success of the trader should equate to the success of the prop firm. Elysium charged a premium for challenges on the position that their business model genuinely accounted for the success of the trader. Then Elysium became popular. They gained some success, they had the support of BEF, and they started to make headlines. That's when Rich began using the excuse that his risk team insisted on implementing these additional rules. Now it's the risk team deciding to ban members of the community he was once part of — and likely others outside BEF too, simply because they are profitable. To me, this says their business model does not accommodate the success of the trader, especially when that trader is part of a community that improves their edge. It also shows that BEF does offer an edge to the individual trader. To Rich and Elysium management: I understand you may be having liquidity issues at this moment, but you have pivoted a full 180 from your previous community and from what you told multiple members at your inception less than a year ago. You have eroded your credibility and trust. More importantly, you have demonstrated — unequivocally — that your business model does NOT support the profitable trader. Otherwise, you would have welcomed the same community you were once part of. To future traders considering Elysium: Take this as your warning. If you are successful, they do not have a business model that welcomes your participation. They will likely take your money for challenges and then scrutinize your payouts to prevent paying you. Even if they remove the rules that currently make their challenges unprofitable, the pattern of behavior here tells you everything you need to know.

Do not trust and avoid it all cost! This is a scam company. The so-called CEO rich makes promises that they guarantee payouts, but now they are canceling people’s accounts and are not paying out, including me which they owe over $5000.

Avoid Elysium at all costs. They are rapidly turning into a terrible prop firm that you simply cannot trust with your time or money. They just hit me with a generic, copy-pasted "hard breach" notice on account 588869, claiming I violated "prohibited trading practices." The kicker? They provided absolutely zero evidence, zero logs, and zero proof of their allegations. They just hide behind their contract to terminate accounts and forfeit the money they owe you. Then, in the exact same breath, they have the audacity to say: "If you would like to try our assessment again please click the Purchase Assessment button below." Are you kidding me? You take away a funded account for no reason, steal the balance, and then immediately ask for more money to buy another challenge? It’s a textbook cash grab. They wait until you pass or make money, hit you with an automated, baseless breach, and try to cycle you back into the payment loop. If you are a serious trader, stay far away from Elysium. They are failing their clients and looking for any excuse to default on payouts. Unreliable, untrustworthy, and highly unprofessional.

They gave my account a hard breach for: NO REASON. I followed every rule with 100% compliance.