Pankaj C.
Good Accounts Fee But Very Bad Payout Policy and Payout Process
Good: The entry cost is fair — you pay for Apprentice Evaluations upfront, and only pay for Funded if you actually pass. Bad: The payout policy is unreasonable. On a 150K account, I had to generate $7,500 just to request a $2,500 payout. Then I need another $4,500 in additional profit to request the next $2,500. The ratio is excessive. Worst: The payout approval process is painfully slow. It takes more than two days for them to approve a payout request, which is the slowest among all firms I trade with. During this time - as I want to protect my balance - I am avoiding trading. So I’ve been stuck for two days unable to trade. It honestly feels like they want traders to trade during this long approval widow and drop their balance so they can reject the request. I’m still holding off trading and waiting for them to approve though. And every day I do not trade, adds more to the minimum 7 days requirement they have between payouts.