QT Funded Accused of Refusing Payout, Citing Lost Data
A Trustpilot user alleges that QT Funded refused to pay a $100 payout, claiming the company lost their trading data. The poster also notes that QT Funded was rebranded from AscendX Capital in 2024 and has been delisted from Prop Firm Match.
QUANT TEKEL is in the FXCanary database Our review · 41/100 →What the reviewer wrote“Cautious: High-Risk Gambling. QT Funded said that they wouldn't pay me because they had lost my trading data. When they fails to adhere to its own payout policy, it is defrauding its customers. The persistent and prolonged nature of this fraud makes the behavior extremely dangerous and serious. My payout request was only $100. After I submit the payout request, all that I receive from QT Funded is deception. It is deceiving customers. QT Funded was rebranded from AscendX Capi…”
A Trustpilot user has filed a complaint against QT Funded, a proprietary trading firm, alleging that the company refused to honor a payout request. According to the post, the user requested a $100 payout, but QT Funded claimed they had lost the trading data and thus would not pay. The poster describes the behavior as "deception" and "fraud," stating that the company is "defrauding its customers."
The complaint also reveals that QT Funded was rebranded from AscendX Capital in 2024. The user claims that AscendX Capital also consistently failed to pay customers. Additionally, the poster notes that QT Funded has been delisted from Prop Firm Match, a directory for proprietary trading firms.
This report highlights a potential red flag for traders: the alleged failure to honor payout requests. While the user's account is unverified, such complaints are common in the prop firm industry. Traders should exercise caution when choosing a firm, especially one with a history of rebrands or delistings.
If you encounter similar issues, keep detailed records of all communications and payout attempts. Verify the firm's reputation through multiple sources, and consider starting with a small account to test their reliability. Remember that trading with a prop firm carries inherent risks, and some firms may have stricter payout policies than others.
This report summarises a third-party post; all allegations are attributed to the original source and are not independently verified by FXCanary. It is not a statement of fact or a legal judgment. Firms may request a correction.