TRUTH OR IM JUST WRONG? PAYOUT DENIED
ETF was my first prop in Dec. 2022. As I found no success with them at the time until Nov.23. Today May 2024 after receiving few payouts. It seems like the scrutiny of payout request is getting really high. Being the second time I dealt with this. First time Whatever dealt with it. This time I'm being asked to replace 11 days out of the 15 I grinded out with "LUCRATIVE TRADING". Had to share the transparency. I followed the rules I thought I did everything right. But seems like a hidden rule got me. THEY ARENT ONLY LOOKING FOR 40% OR PROFIT TARGET. THEY WILL LOOK AT YOU FOR LOWER SIZE ON VOLATILE DAYS. THEY WILL LOOK AT YOU FOR GOING FOR BETTER SET UPS. THEY DONT CARE IF YOU MAKE THE SAME EVERYDAY. THEY WILL USE YOUR WORSE ACTIONS OR BEST ACTIONS AS A WAY TO JUSTIFY THE REST. Am I saying they wont pay? No if you get approved you will get paid. The issue is the compliance rules they're asking for but not advertising until its a reason to deny. I would highly be careful as this incident has been arising a lot on social media. I got no beef or foul talk for ETF. You guys really held it down. But lets create more transparency on exactly what you're expecting from a trader. Because the last thing ANY trader wants to see mid day is a payout request DENIED email. I will try to follow their asked conditions but truthfully very discouraging. THIS IS THE TRUTH.
Response from Elite Trader Funding
Thank you for sharing your experience and feedback. We truly value your long-standing relationship with ETF and your candidness in discussing the challenges you've faced.
We strive for transparency and clarity in all our dealings, and we regret any confusion or frustration you have encountered with our payout process. Our goal is to ensure that all traders have a clear understanding of the requirements and expectations involved.
The criteria we use in our audits are designed to uphold the integrity and fairness of our trading platform. While the 40% rule and profit targets are prominent, It is crucial for us to see consistent, genuine trade activity that demonstrates scalability with the markets
We appreciate your suggestion to define these rules more explicitly. Our team will review our communication to improve how we share these details with our traders. We are committed to enhancing our transparency and will take this feedback into account as we refine our policies.
Your experience is important to us, and we are here to support you in meeting the required conditions for future payouts. We are dedicated to helping our traders succeed and are keen to resolve any issues promptly.
Thank you again for your feedback, and for your continued patience and dedication as a valued member of the ETF community.
We strive for transparency and clarity in all our dealings, and we regret any confusion or frustration you have encountered with our payout process. Our goal is to ensure that all traders have a clear understanding of the requirements and expectations involved.
The criteria we use in our audits are designed to uphold the integrity and fairness of our trading platform. While the 40% rule and profit targets are prominent, It is crucial for us to see consistent, genuine trade activity that demonstrates scalability with the markets
We appreciate your suggestion to define these rules more explicitly. Our team will review our communication to improve how we share these details with our traders. We are committed to enhancing our transparency and will take this feedback into account as we refine our policies.
Your experience is important to us, and we are here to support you in meeting the required conditions for future payouts. We are dedicated to helping our traders succeed and are keen to resolve any issues promptly.
Thank you again for your feedback, and for your continued patience and dedication as a valued member of the ETF community.