These 2 rules in their terms they CAN and WILL use to deny ALL payouts!
In their terms there is a rule stating
"any trade deemed to be for the purpose of achieving an active trade day can be disqualifying"
Also see
"Any trading deemed to be gaming in our simulated environment can be disqualifying"
That is the rule they used to deny my payouts and wipe 6 100k funded accounts I spent months building up to 20k in profits.
And if you're wondering, "wow those sound really vague I'm sure they must at least provide some further detail to what you did wrong" you'd be wrong.
Look no further than their responses to my reviews on here as evidence to that. (Again I welcome ETF to respond to this and clarify WHY my accounts were wiped and exactly what I DID to be deemed "gaming in their simulated environment" Please clarify whether take profit/stop/Limit orders are permitted and if they are limited to a certain distance from the current market... it says NOWHERE on your terms any of these things)
This is the process for getting your payout denied for those of you who will ignore this and find out for yourselves.
You will wait with your request pending for about a week with no word from their support.
1 day your account will simply dissappear off of your dashboard without even so much as an email explaining why from support. (I had to get on their discord and plead with someone to respond and actually tell me what had happened 12 hours later.)
They will give you zero detail or follow up as to what exactly you did because they don't need to.
The bottom line is the legal recourse for these types of situations is limited to pretty much clawing back eval/funding fees... sim profits are a giant gray area and they know this.
I gave up a real life job opportunity because I stupidly thought ETF was legitimate and it's taken months to get back to where I had been under a different firm which is now paying out reliably.
As long as these reviews continue to help steer a few individuals away from making the same mistake I did I'll keep posting them.
"any trade deemed to be for the purpose of achieving an active trade day can be disqualifying"
Also see
"Any trading deemed to be gaming in our simulated environment can be disqualifying"
That is the rule they used to deny my payouts and wipe 6 100k funded accounts I spent months building up to 20k in profits.
And if you're wondering, "wow those sound really vague I'm sure they must at least provide some further detail to what you did wrong" you'd be wrong.
Look no further than their responses to my reviews on here as evidence to that. (Again I welcome ETF to respond to this and clarify WHY my accounts were wiped and exactly what I DID to be deemed "gaming in their simulated environment" Please clarify whether take profit/stop/Limit orders are permitted and if they are limited to a certain distance from the current market... it says NOWHERE on your terms any of these things)
This is the process for getting your payout denied for those of you who will ignore this and find out for yourselves.
You will wait with your request pending for about a week with no word from their support.
1 day your account will simply dissappear off of your dashboard without even so much as an email explaining why from support. (I had to get on their discord and plead with someone to respond and actually tell me what had happened 12 hours later.)
They will give you zero detail or follow up as to what exactly you did because they don't need to.
The bottom line is the legal recourse for these types of situations is limited to pretty much clawing back eval/funding fees... sim profits are a giant gray area and they know this.
I gave up a real life job opportunity because I stupidly thought ETF was legitimate and it's taken months to get back to where I had been under a different firm which is now paying out reliably.
As long as these reviews continue to help steer a few individuals away from making the same mistake I did I'll keep posting them.
Response from Elite Trader Funding
Thank you for the amazing feedback! Your support means everything to us!
ETF Team
ETF Team