Options FundingReviews of optionsfunding.co

This place is a straight scam. Where to even start, I wish I could upload pictures of the messages from their AI and emails back. So, some of us who have been trading for a long time understand statistical arbitrage trading. We are able to do this on index options. Many paid for the ability to trade index options and sell them. Well, these guys decide to just change the rules you can no longer do that; they tell you to do it on SPY... Any premium seller knows that spy is less effective which gives them an advantage. Many of us brought folks in that we trade with from discords. You have influencers pushing this place hard. Stay away from it. I am already filing complaints, hopefully this will be another place that gets closed down from predatory behaviors.

So I was skeptical about options prop firms. I have been trading options for 6 months now within my discord community. Nobody in my community really knows a whole lot about prop firms so I decided to try Options Funding out. I passed my eval carefully in 7 trading days on the 50k growth account on the 1st attempt. I was able to meet the requirements to get my 1st payout with 8 profitable days! One thing that bugged me was how long it took to get that payout. The website promoted getting your payout in as little as 12 hours but once you get to that point OF wants more from you to reduce the payout time from 5 days to 12 hours in 2 phases. The 1st phase in post your payout certificate in a public forum to reduce payout time from 5 days to 2 days. Ok no big deal. To go from 2 days to 12 hours you need to submit a video interview answering questions. That is a bit much in my opinion but I understand they want more traders on their platform. From a customer service standpoint they are very good! Also if you sign up make sure you get in their Discord community! I am still in funded status so I can't speak to the live experience but so far I am very satisfied with them and hope to keep making money and now blowing any accounts. I only have 1. Good luck to everyone else!

The worst scam company ever! I bought an account and traded the account for a week. Just when I reached a point where I was profitable and ready to report a withdrawal, the dashboard was removed without warning and without updates. I did not know what would happen to my paid account. For months the dashboard went down. They say they are switching from Forex to futures; I waited to see what happened and what they said about my account being ready for a withdrawal. They could not provide any specific information, just generic answers that are meaningless. This is the worst experience I have had with a scam company; thanks to KayBrin llc's strict management and professionalism, the issue was fully resolved and a full refund was issued. I will never buy another account from these clowns who have no idea how to run a business! It is strongly advised not to trade with this company. Be careful!

Warning: Major scam! You cannot trade SPX or XSP during the evaluation phase and the funded account. SPX trading is only allowed once you have a live account. I feel completely ripped off. I strongly advise against this firm. On top of that, orders are not executed at the mid-price, only at the bid or ask. An absolute disaster. Stay away!

Platform doesn't always give correct fills on closing a position. I've opened several trades with lets say 10 contracts for $1.00 each ($1000 position). Close out the first 9 and lock in profit. Let's say my balance is 50,900 after closing those trades. I have one contract left and it goes 100% and is now worth $2 ($200). I now close the position. My balance should be 51,100, but instead it's 50,650. Yes, they essentially closed my contract for less than $0. Happened on 3-4 trades in about a month. Also, not seeing any larger payouts. Seems folks are getting bumped to live no later than their 2nd payout and sometimes sooner. They might have a nice platform, but this is shady business. You've been warned.

I traded with Options Funding from July to October. After numerous attempts, I completed every requirement, passed my evaluations, and was paid my 1st payout cycle. On Oct 7 I requested my 2nd cycle payouts on 3 accounts, $7,200 total. One was even approved. Before any were paid, I received a Live Program Notice, which holds every pending payout. I was moved toward Live before I was ever profitable with them. After everything I had paid in fees, both options leave me in a deficit: - Accept Live: the pending $7,200 is cancelled and nothing is paid - Decline: paid at most $3,000 total, and permanently barred So my 2nd cycle will never be paid in full, and no choice gets me back to breakeven. Support also confirmed that a notice can be sent at any time, including before your first payout, and that selection isn't based on profit or number of payouts. Why this matters if you run multiple accounts: the $3,000 cap is per person, not per account. You pay fees on every account, but if a notice arrives while payouts are pending, all of them combined pay out no more than $3,000. With several accounts copy trading, you can end up paying more in fees than you could ever be paid. More accounts means more risk, not more payouts. Accepting Live also means waiting for a brokerage account to be set up with no accounts to trade in the meantime, and no timeline was given to me. In my opinion, the way the notice is timed and structured benefits the firm far more than the trader. Before buying, read Section 4.10 of the Terms and the Live Program Rules. The payout table on their site only applies if they let you get that far.

I had a two account the first was an account that I passed and got funded and paid out twice, then I stopped receiving sign in links to their trading platform Rix Trade. I tried to contact supports for months and would never get a response or anything changed. And when I tried to open a support ticket on discord I was kicked out once they heard my problem. It is very suspicious to say the least and you are better off going with another firm like imperial trader funding.

Risk management software needs adjustments. Multi leg options will breach your account with predatory quotes and fills. The site has potential once they fix these issues I'll be back as I like the layout and information, passing evaluations has simple and easy rules to follow, no surprises. This was my 2nd favorite site before I was treated poorly.