Denied a $55,000 prop firm payout

@jsfinancials

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Why it worked

The video likely performed well because it addresses a common pain point for aspiring traders: the difficulty and potential unfairness of getting payouts from prop trading firms. The creator's personal story and strong negative opinion about "Funded X" create a compelling narrative that resonates with viewers who may have had similar experiences or are considering using such services.

Summary

The creator shares their negative experience with the prop trading firm "Funded X," where they were denied a $55,000 payout despite having a good trading record. They claim the company cited a non-existent rule and unfairly rejected their withdrawal.

Structure

1Introduction of the problem: denied payout
2Details of the accounts and profit
3Explanation of trading strategy
4The company's reason for denial
5Comparison with other prop firms
6Warning against the company and recommendation of alternatives

Product placement

The creator discusses their experience with the prop trading firm "Funded X" and mentions other firms like "FTMO," "Funded Next," and "Funding Pips."

On-screen text

Denied a $55,000 prop firm payout SO 6 MONTHS I GOT DENIED A $55,000 DOLLAR BY FUNDED X AND I'M FINALLY SPEAKING OUT ON WHAT HAPPENED AND WHAT ARE MY THOUGHTS ON THE COMPANY THEMSELVES SO I'D OWN THEY'RE FOUR 100K ACCOUNTS AND STACKED UP TO OF $55,000 IN IN PAYOUTS WITH A 95% PROFIT SPLIT UM I'D BEEN TRADING THESE ACCOUNTS OVER DECEMBER AND JANUARY AND I THINK JANUARY 27TH JANUARY 28TH IS AROUND THE DATE THAT INITIAL PAYOUT REQUEST APPARENTLY THEY DIDN'T SEE IT UM AND THEY CLAIMED A RULE CALLED UM CAN'T REMEMBER OFF IT'S LIKE RAPID FIRE TRADING AND EXIT A TRADE WITHIN 5 OR SOMETHING LIKE THAT AND I JUST SAID TO GO THROUGH MY LOG BOOK GO YOU SEE I GOLD CROSS ASSET ANALYSIS MODEL ON THIS UM ACCOUNTS AND YEAH SO I TAKE ONE TRADE PER MODEL IF A SIGNAL AT ALL AND UM AND UM YEAH THAT THEY THEY JUST SAID WHAT I LOOK IN AND LIKE EDITED IT OR SOMETHING LIKE THAT UM SO WHAT I'M GONNA SAY GUYS IS LIKE I'VE USED MANY I'VE USED FTMO FUNDED NEXT FUNDED X FUNDING PIPS I'VE USED QUITE A FEW DIFFERENT UM I'VE HAD REALLY GOOD TRACK RECORDS WITH A GETTING THE PAYOUTS AND UM FUNDED X YEAH THAT WAS MY MY LARGEST PAYOUT EVER 55,000 BUT UM OBVIOUSLY DIDN'T GET IT BUT I WOULD SAY IT'S A COMPLETE SCAM UM THIS RULE IS IT FORMALLY IT DOESN'T EXIST BECAUSE THEY DON'T STATE IT ANYWHERE IT IS STATED IN SOME NICHE THAT THEY DON'T PROVIDE TO ANYONE I DIDN'T EVEN VIOLATE IT AND I'M VIOLATING IT BUT YEAH I SPEAK OUT ON WANT OTHER PEOPLE THE SAME THING I THINK I INVESTED $2,000 INTO THESE ACCOUNTS OR SOMETHING LIKE THAT COULD HAVE BEEN YEAH LIKE $2,000 UM SO FOR SOMEONE TO LOSE $2,000 UM $2,000 IS A LOT OF UM I WOULD WITH THESE PEOPLE UM THEY'RE AN OUTRIGHT SCAM AND I WOULD TRADE WITH FUNDED NEXT MO AND THE MORE LEGITIMATE FIRMS WHERE UM YOU KNOW YOU'RE YOUR POWER NOT THESE SCAMS SO YEAH THAT'S JUST MY PERSONAL EXPERIENCE WITH FUNDED X

Original caption

Prop firms 😭 #jsfinancials #trading #propfirm #payout #quant

More from @jsfinancials

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Transcript

So six months ago I got denied a $55,000 dollar payout by Funded X and I'm finally speaking out on what happened and what are my thoughts on the company themselves. So I'd own they're four 100k accounts and they stacked up to of $55,000 in in payouts with a 95% profit split. Um, I'd been trading these accounts over December and January and I think January 27th, January 28th is around the date that I requested the initial payout request. Apparently they didn't see it. Um, and they claimed a rule called, um, can't remember off, it's like rapid fire trading and exit a trade within five or something like that. And I just said to go through my log book, go, you see I trade once a day. I run my gold cross asset analysis model on this, um, on these prop firm accounts. And yeah, so I take one trade per model if if there is a signal at all. And, um, yeah, that they just said what I look in and like edited it or something like that. Um, so what I'm gonna say guys is like, I've used many, I've used FTMO, Funded Next, Funded X Funding Pips. I've used quite a few different, um, I've had really good track records with a lot of them in terms of getting the payouts. And, um, Funded X, yeah, that was my my largest payout ever, $55,000. But um, obviously didn't get it. But I would say it's a complete scam. Um, this rule, um, this rule doesn't formally exist because they don't state it anywhere. And even if it is stated in some niche rule book that they don't provide to anyone, I didn't even violate it and they're claiming I'm violating it. But yeah, I just want to come out and speak out on this because I don't want other people to go through the same thing. I think I invested $2,000 into these accounts or something like that. Could have been, yeah, like $2,000. Um, so for someone to lose $2,000 is a lot of money. Um, I would not trade with these people. Um, they're an outright scam and, um, I would trade with Funded Next and FTMO and the more legitimate firms where, um, you know, you're your power not these scams. So yeah, that's just my personal experience with Funded X.