Mobile H.
Beware of Fraudulent Practices by Hydra Funding Company
I want to share my recent experience with Hydra Funding Company to caution others. My live account was breached by Hydra Funding after I incurred a loss of $111 on a $10,000 account, which is within the 5% max daily loss limit stated in their rules. Despite adhering to their guidelines, they unjustly breached my account. Such actions demonstrate that Hydra Funding Company engages in deceptive practices, potentially aiming to extort money from their clients. I urge everyone to stay vigilant and avoid this company to protect your investments from being unfairly taken. Stay safe and informed. Feel free to adjust it further as needed!
Response from Hydra FundingAug 8, 2024
Hello, your account has been reviewed! The breach occurred after your first withdrawal, because the max loss moves to the starting balance after a trader’s first withdrawal in a funded account. You had a balance of $111 left in your account after your withdrawal, and after the loss of $111 was incurred, the account was breached. This is clearly stated and communicated in our FAQ, terms & conditions as well as your funded trader agreement. Please feel free to refer to our FAQ here: https://hydrafunding.io/forex#faq We take pride in clear communications with our traders and transparent rules and apologize if there was any misunderstanding.