Precision FundingReviews of precisionfunding.vip

UPDATE 7-24-24: Ilham from Precision Funding addressed a few of my concerns. All of my questions still have not been addressed, waiting on a detailed response. he sent an email which was nicely crafted and apologized for the previous event. Initial Review Below From 7/18/24: At first I was pleased with Precision Funding. Their servers were fast, support tickets in Discord were ok, and they appeared to be open to feedback. When I asked them questions in their Discord today they responded "YES". I said it was unfortunate they couldn't elaborate and that I wouldn't be able to buy more accounts. They quickly booted me from their Discord! Which angered me greatly. I just passed some of their accounts today! What they don't tell you: 1. PA agreement says trade news but don't trade news to make money (seriously) 2. In PA account you're only supposed to trade less than 40% of your max contracts or they don't have to pay you. For a 25k, that means you should only trade 1 mini 60% of the time!!! And they don't have mini to micros conversion. 5 micros max on all plans. 3. No Dollar Cost Averaging in a PA account, though they said this was fine previously in the Discord. 4. If you hold a trade less than 8 seconds they can consider it as HFT and wont pay you. 5. They manually provision accounts and make mistakes doing so. 6. The CEO is not present in the Discord (except 2 or 3 times) and the whole thing appears to be run by a "Sophia", who booted me You CANNOT run a business this way, kicking customers out when they ask questions.

Precision finding is by far the best futures prop firm in the industry, I gave them a try because apex denied my payout. I have been trading here for almost 2 months now and have already received a payout. They have better prices and better rules than apex.

Update to my earlier review- Now in full: I hereby lodge a solemn grievance against Precision Funding LLC for their recent conduct, which has inflicted substantial financial detriment upon me. Despite my steadfast adherence to our contractual obligations, I have been confronted with unmet promises, blatant disregard for trader agreements, and a disturbing lack of responsibility. In April 2024, I initiated a client relationship with Precision Funding LLC, enticed by their competitive pricing structure for evaluation accounts and Performance Account (PA) fees. Following the successful completion of numerous evaluations, I partook in trading activities with the company for a span of two months. Regrettably, my payout requests in June were unjustly denied, violating the explicit rules for PAs and payout thresholds outlined in our agreement. In May, coinciding with the unveiling of their new website, Precision altered the rules for new accounts. They assured existing traders, myself included, that our accounts would be governed by the original guidelines, while new evaluations would be subject to the revised rules. Contrary to these assurances, when I requested payouts, I was informed that my accounts did not meet the “current” payout requirements. This is in stark contradiction to both the original contract and the assurances that existing accounts would be grandfathered under the old rules. Despite presenting evidence, including email confirmations and assurances from Precision’s support staff via Discord, my requests were dismissed. They cited a disclaimer allowing them to alter rules without notice—a practice that fundamentally erodes trust and integrity. I had requested payout for six PAs, all of which met the payout requirements as per our agreement. This contract was executed prior to the changes in thresholds that Precision implemented in late May. According to the terms of our contract, I was entitled to receive $1.5K for each of the six accounts. However, Precision reneged on this agreement and denied my payout requests. Precision proposed two options, neither of which aligns with our original contract. The first option was a payout of $1K for each account, after which they would halt any further payments. This would result in me relinquishing over $11K that remains in those accounts, along with any future earnings from trading. The second option was a payout of $1K for only two of the six accounts, but with the possibility of future trading. Despite these options being presented as gestures of “goodwill”, they are in direct violation of our contract. Due to this breach of trust, I opted for immediate payouts and requested to continue trading in my accounts with the remaining balance (>~$11,000 total in 6 accounts) under the revised rules. However, I discovered that they had terminated those accounts after paying out $1K each. These accounts had over $11K in capital, which I had earned through trading, and which I am now forced to forfeit. Furthermore, Precision processed charges for account resets and monthly fees against my explicit instructions. Only after detecting these charges and raising complaints did I receive refunds. This level of unprofessionalism is deeply concerning. I invested two months of diligent trading with Precision, only to be met with broken promises and a lack of respect for trader agreements. I am convinced that many traders will be denied payouts by Precision.

THIS COMPANY IS A SCAM!!! Precision Funding terminated my accounts after I complained about not getting payouts last pay period of May 15-20. This is after complaining many, many times about other issues that I can't elaborate at this time. To resume, they had sent me many emails saying that the payout was sent after getting my account # and address wrong and blaming it on me when it was specifically emailed to them. They again said it will be sent and I would be getting soon after saying it was sent already. At this time I wrote them: "I hate to post on social media and to all traders I know about this awful misunderstanding and mostly that I did not get my payout. Have a good day!" I finally got my 4k payout after fighting for it. These crooks actually let me keep trading and when they saw I was able to make money due to years of hard work they used a bogus and crazy excuse not to pay. I had over 19k in 7 accounts and would have been able to withdraw 14k if they were a honest company. They are not looking for profitable traders at all . They saw I was making money that they did not want to pay. This is what they sent me: To ensure a fair resolution, we are offering you the option to receive a refund for all Performance Accounts (PAs) you currently hold. Please let us know how you would like to proceed regarding these refunds. Obviously I did not agree. I wrote them: To ensure a fair resolution, It would be appropriate for you to wire me the account balances of all Performance accounts in which I worked very hard for. They just sent me the active PA refunds $560. They couldn't even offer to pay what I had spent in all evaluations and PAs. I truly believe If they did this to me, they will do to someone else that needs it more than me. This is not who you want to be in business with. I thank God that I have a good career and have had the ability to learn how to trade pretty well. There are many good prop firms out there and this one has to be the worst.

There is a lot I could say about my experience with Precision but I will keep this review to the area that matters: payouts. My payout requests were denied and the reason Precision provided was that my trades were speculative in nature, indicative of gambling behavior that could benefit from profit surges, and did not meet their risk profile. Their reason for denial is completely without merit. My strategy uses trades with 8 contracts - which they said was too many - despite the max contract limit for the 50k account to be 12 contracts. They said I "could" benefit from profit surges, despite the fact that I *always* added a take-profit order to my trades at around 6-12 ticks. I only make a few trades a day; my trades were consistent and well under the daily 30% consistency requirement. I never had any profit "surges". Precision said I should keep my trades to 4 contracts or under (despite the max limit being 12). If Precision does not like my risk profile I believe they can rightfully choose not to do business with me in the future, or ask me to change my strategy, and update the wording in their contract for the future. BUT it is not appropriate to penalize me for trades and profit I already made when they were within the guidelines. This also sets the precident that they can basically say whatever they want, whenever they want, despite a signed contract to deny a payout. I pushed back on the denials with justification that my trades were well within the guidelines but they were firm in their stance that the payouts were denied. They reset my PAs back to 0 profit and said I could try again, but after ten days of diligent trading within the rules I was not about to spend any more time starting over. In the end, Precision refunded all my eval and PA fees I paid to them and we parted ways amicably. I will say that Precision was respectful in their communication with me. Although I really wanted to like them, I cannot in good conscience recommend that other traders use them due to my experience with seemingly arbitrary payout denials.

Attitude of support is good. Website and PA agreements are in direct conflict with each other - they state different amounts. Conflicting between $80 monthly activation for pa or lifetime at $180 They calculate drawdown based on unrealized. Takes too long to get info to the head honcho Ilham. ***There was an email spoof to users that had a cracked download in it putting users at risk. Ilham and staff were notifed and requested to send out a message to their user base. They did not do this - BIG NONO

I found Precision Funding from searching for how to set up Quantower on YouTube . Im thrilled! The prop firm let you have up to 25 PA. Eval and PA fee are much better compare to other firms. Customer support excellent. Im very happy 👍.

Sooo glad I was introduced to this fast up and coming prop firm, I was a little skeptical at first and hesitated to give this company a try but the customer service and prompt response has really won me over and I’m heavily leaning towards this company as my go to prop firm. With my first payout received it has really built my trust with them and now I’m ready to win for 20 pa accounta