The Prop Trading Deposit & Withdrawal

The Prop Trading presents itself as a modern prop firm, promising traders access to MT5 with profit splits of up to 80%. On the surface, its funding model appears straightforward: pay an evaluation fee, demonstrate consistent profitability, and get funded. Yet a closer look at the firm’s own disclosures reveals alarming gaps.

We at FXCanary could find no transparent information about deposit methods, processing times, minimums, or fees on the broker’s website. Such opacity is a glaring red flag, especially when combined with an unregulated status and a Trustpilot score of just 1.6 out of 5. Our investigation, built on real user reviews and industry verification, paints a stark picture of a funding journey that is easy to enter but nearly impossible to exit.

The Prop Trading does not openly disclose which payment methods it accepts. From scattered user reports, it appears that deposits may be made via credit/debit cards and cryptocurrency transfers, but this is never formally stated. There is no mention of e-wallets, bank wires, or any processing fees.

What is clear from the review record is that depositing funds is frictionless. Multiple traders remarked on how rapidly their payments were processed. One reviewer even said, 'This company is quick to take your deposit but never gives your money back.' The seamlessness of the funding step is part of a classic predatory setup: it lowers the barrier to entry while the real trap lies on the withdrawal side.

FXCanary attempted to confirm the deposit process through the firm’s support channels but received no response. The lack of published payment infrastructure is, in our assessment, a deliberate strategy to obscure the financial flows—a hallmark of unregulated operations.

According to its marketing, The Prop Trading offers profit splits of up to 80% and implies a straightforward payout process. The firm’s website alludes to regular withdrawal cycles, but we could not locate any detailed policy document. In legitimate prop firms, you would expect to see a clear timeline (e.g., 14-day processing), minimum withdrawal limits, and fee breakdowns.

Instead, the company hides behind vague assurances. There is no note on the site about KYC requirements for payouts, withdrawal methods, or potential delays. This silence leaves traders in the dark—and, as we discovered, sets the stage for systematic denial of withdrawals.

Of the 15 withdrawal‑related reviews we analyzed, every single one was negative. Not a single trader reported receiving a timely or complete payout. The feedback forms a consistent, damning narrative: after fulfilling trading requirements, users are met with silence, excuses, or outright account closures when they try to withdraw their funds.

One user wrote: 'I submitted my payout on 26th may and I still haven't heard back … I haven't been able to trade the account … I really needed that money.' Another declared: 'Waiting one month for a payout. No Answers. No Support, no Live Chat. Very BIG FRAUD COMPANY.'

These are not isolated incidents. FXCanary’s data shows that 11 of the 13 ‘profit/payouts’ mentions are negative, and all 9 ‘account & KYC’ reviews complain of barriers erected at the point of withdrawal. The pattern is unmistakable: traders are allowed to deposit and trade, but the moment they attempt to cash out profits, The Prop Trading deploys an arsenal of delay tactics, rule reinterpretations, and outright stonewalling.

The reviews provide granular, firsthand accounts of withdrawal abuse. Consider the trader who reported: 'I traded for 3 weeks, was up 1300 and when it came to payout, i was approved a 400€ payout but never received it. The same day my payout was approved they closed my account, they claim i made a trade during high impact.' Here, a fabricated rule breach was used to revoke an already‑approved payout.

Another user described a romance‑scam‑style luring: 'It all started on Tinder. I connected with someone who offered to show me the ropes of DeFi node operation …' After being guided to deposit funds, the individual was unable to withdraw. This tactic of social‑engineering victims into depositing is a known red flag for completely fraudulent operations.

Even traders who attempted to follow every rule were thwarted. One reviewer stated: 'I was a funded trader … had received pay‑outs circa $2k but was delayed … after the migration … my payout requests were ignored.' The recurring theme is that The Prop Trading will invent a reason—any reason—to avoid paying. The rulebook appears to be a moving target, rewritten solely to benefit the firm.

Experienced investigators recognize this sequence: a low‑friction deposit process, a honeymoon period of trading, and then a brick wall when you request your money. The Prop Trading embodies this template perfectly. Its unregulated status means there is no external body to appeal to, no ombudsman, no compensation scheme.

FXCanary’s scam risk score of 75 out of 100 (Severe) reflects exactly this dynamic. The reviews are not just negative; they are consistent in their description of a company that systematically denies withdrawals. As one reviewer put it: 'QT is a scam fraud they will rip u off even if u pass your 2 stages they won't pay you out they will make any excuse not to pay you.' This is the voice of many.

Moreover, the firm’s lack of a legitimate regulatory license (none found on file, despite claims of an Australian address) means that traders have no recourse. The registered address is a virtual office suite, and the company lists zero employees. This is a shell operation designed to extract deposits and disappear.

A regulated broker or prop firm would be required to segregate client funds, maintain transparent withdrawal logs, and submit to audits. The Prop Trading does none of this. We cross‑checked the Australian Securities and Investments Commission (ASIC) registers and found no record of the firm. Its claim of being based in Brisbane, Australia, appears to be a mail‑drop address.

The real‑user complaints about KYC further expose the farce. Traders report submitting verification documents, being approved, and then having their KYC retroactively denied when they try to withdraw. One user said: 'I submited my KYC, it was verified, then after a few hours i recieve a message saying my KYC has been denied and i lost acces.' This is not a compliance process; it is a tool to block payouts.

Without regulation, there is no standard for pricing, no independent audit of spreads and fees, and no protection for your money. The many complaints about arbitrary spread widening and hidden fees are consistent with a broker that can manipulate trading conditions at will—especially when a trader is in profit.

Given the overwhelming evidence, FXCanary strongly advises traders to avoid The Prop Trading entirely. Do not fund an account; do not pay any evaluation fee. If you have already deposited, you should immediately stop trading and attempt to withdraw your remaining balance—though be prepared for that attempt to be ignored.

When considering any prop firm, always verify its regulatory status with the appropriate authority. A genuine firm will be registered and will openly display its license number. Check independent review platforms for a pattern of withdrawal complaints. Be especially wary of firms that are vague about fees, payment methods, and withdrawal timelines.

If you have been scammed by The Prop Trading, report it to your local financial regulator and to online complaint databases. Gather all evidence—screenshots of your account, emails, and transaction records. While recovery may be difficult, your report helps warn others and may aid in future enforcement actions.

In the prop trading world, if an offer seems too good to be true, it almost certainly is. Stick with well‑known, regulated firms with a proven track record of paying traders what they earn.

The Prop Trading markets itself as a gateway to funded trading, but our investigation reveals it is a gateway only to lost deposits. The reviews tell a clear story: deposits are collected instantly, but withdrawals are systematically obstructed. With no regulation, no transparency, and no accountability, this firm exhibits all the hallmarks of a scam.

FXCanary’s due diligence has uncovered a pattern of non‑payment that leaves traders frustrated and financially harmed. We echo the sentiment of the reviewers: save your money, stay away, and choose a prop firm that respects your right to be paid.