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The experience with the 100 account has been nothing short of disappointing. The stringent rules seem overly restrictive, especially given the poor performance of the account itself. It often feels more like a scam than a legitimate trading opportunity. Overall, the combination of strict regulations and lack of results leaves much to be desired.
Quantec does not fulfill their payment obligations. I would strongly advise against purchasing a Challenge with this proprietary trading firm!
I have serious concerns about this trading firm. Throughout my experience, it felt like I encountered nothing but scams and dishonesty. For instance, on my best trading day, I earned $256, all while adhering to their 35% daily profit limit, which is set at $750. After reaching this goal, I submitted a request for withdrawal, only to be informed that I had violated their 35% rule because they claimed I made more than that.
I provided them with documentation and proof of my trading journey, but they came back with unexpected issues, citing trades that I never even opened. These were just empty trades, showing neither profit nor loss. It was frustrating to see them classify these as violations of their rules. Ever since their migration changes, the company’s integrity has seemed to drop significantly. I would urge others to be cautious and not fall for their promises.
I recently encountered a concerning issue with Quantec Trading Capital that I feel compelled to address. On January 29, 2025, I received an alarming email stating that my payout request had been denied due to a supposed breach of my account (Account Number: 88994864).
I urgently require clarification on this matter. The practices employed by Quantec Trading Capital seem increasingly questionable. There are frequent and sudden changes to the rules that were not made clear when I signed up, and I have received misleading statements regarding my account.
I have adhered to all the guidelines presented on your website, including the newly implemented 15-minute rule, which was not previously disclosed. I followed every request by making the extra trades you mandated, totaling ten instead of the usual five, as part of the agreed-upon terms.
Despite my compliance, I’ve noticed that the rules appear to shift based on your convenience whenever payment is requested. After being a client for nearly a year, receiving a notice about a rule breach that resulted in the termination of my account seems unfair, especially since I have consistently been profitable with Quantec Trading Capital.
It feels as though there are deliberate constraints on my ability to generate profits, coupled with persistent delays in processing payments. Such practices are damaging the integrity of our business relationship, exacerbated by false statements regarding payment on my account.
Therefore, I request a prompt response, including documentation that clearly outlines the alleged breach. I have always been committed to fulfilling my obligations, and honesty is paramount in any professional relationship. If there are financial issues on your end preventing payment, I would appreciate transparency rather than unfounded accusations.
From the start, I expressed my desire for a long-term, transparent business relationship with Quantec Trading Capital. I believe I have upheld my responsibilities, but today’s communication indicates a level of dishonesty that is troubling.
Thank you in advance for your attention to this matter. I would appreciate your assistance and guidance, especially after waiting nearly two months for payment on my account.
Prospective traders should exercise caution. Initially, they seem eager to get you on board, encouraging you to send in your funds. However, the moment you do, communication can suddenly cease, leaving you in the dark. I found myself in a position where I had to request intervention from Rose Lane GP just to get attention. It’s important to be wary of such practices.
Kudos to Netserver-info for their skillful work in reclaiming my funds from these scammers. I was completely taken in by their lies and deceptive tactics, but thanks to Netserver-info, I got my money back.
It seems like everyone’s just after your money. My experience with this firm was quite disappointing; once they got my funds, they cut off communication and left me hanging. I truly advise steering clear of them. Fortunately, everything changed for the better when I began trading with TON TRADING.
This company is a real disappointment! I can’t believe the level of untrustworthiness I’ve encountered here. It feels like they operate like a band of thieves, taking advantage of honest traders. Honestly, I hope they face the consequences for their actions and that their funds are seized, just like they did to mine. If you’re considering working with them, do yourself a favor and steer clear—it’s best to avoid them entirely.
I’ve just had my second payout approved, and I have to say, everything is going smoothly with this firm so far. It’s really impressive. Thanks for the support!
Steer clear of this firm and refrain from purchasing any account with them. Ultimately, you’ll likely find yourself disappointed. Their services lack consistency and transparency, making it difficult to trust them. It’s wise to distance yourself from this firm completely. On a brighter note, making the switch to PAIVA has proven to be an excellent decision for me.
This firm appears to be a fraudster, employing various tactics to avoid making payments. It’s disappointing to see such practices in the trading industry. Reputable trading firms should prioritize integrity and transparency, but this one seems to do the opposite, consistently finding ways to dodge their financial obligations. Overall, it raises serious concerns about their credibility and ethical standards. It’s crucial for traders to be cautious when considering a partnership with such a firm.
After submitting reports to “7102PL,” I finally got my withdrawals approved! It took some time, but I was relieved when I saw the funds were released.
Quantec is nothing but a scam. They don’t pay their clients, and I strongly advise against purchasing any challenge with them. Save your money and look elsewhere; it’s simply not worth the risk with Quantec.
I strongly advise against purchasing an account with Quantec. In my experience, they denied three of my withdrawal requests, and I never received any of my funds. It’s clear to me that Quantec operates as a scam. Honestly, don’t waste your time dealing with them.
Beware of Quantec!
My experience with this proprietary trading firm has been nothing short of frustrating. I have had a funded account for over 200 days and, despite my numerous attempts, I’ve yet to receive a single withdrawal. I’ve made requests for more than eight withdrawals, all of which have been consistently denied. Each time, the excuse changes.
At one point, they claimed I was trading from different IP addresses, even though I only trade from my home computer. Other reasons given include accusations of copy trading, yet they have never provided any evidence or protocols supporting this claim. Then, they said my lot size was either too small or too large. I typically trade with a lot size of 1.8, focusing on XAU/USD. In October, I executed ten trades, and only two hit my stop loss. Still, they claimed I wasn’t adhering to their risk management guidelines.
It’s absurd that I’ve kept this funded account for so long, consistently maintaining a profit of 2-4% from the account size.
I highly recommend looking for another prop firm. Quantec is not trustworthy! Do yourself a favor—check out the reviews and don’t make the same mistake I did by purchasing an account with them.
This is truly a scam!
It took me just over 50 days to transition from buying the account to successfully passing the evaluation. After an additional 30 days—so, 80 days in total—I became eligible to make a withdrawal. My earnings were approximately $4,700.
However, my withdrawal request was denied because apparently my account was purchased using two coupon codes. This supposedly violates their terms of service, which is odd considering they allow it. No error messages popped up during the purchase process, and it’s nowhere specified that this is against their rules. When I inquired about where this was stated, they consistently avoided addressing that question since it’s not mentioned anywhere. Their explanation was, “As we’ve mentioned previously, only one coupon code is permitted per transaction, a common practice in many online retailers.”
This isn’t universally true—many online stores actually allow multiple coupons, or at least indicate a problem at the time of transaction rather than waiting 80 days to inform you. It’s a terrible situation. Legally, this holds no weight, so I’m looking into my options.
It’s frankly unbelievable that after trading for countless hours, it took them 80 days just to communicate this issue.
Now, I find myself without a withdrawal, my account banned, and no prospect of a refund. Their suggestion? To simply buy another account—what a laugh.
I could easily have paid the price difference between the two coupons. It’s astonishing to think they would risk a potentially fruitful partnership over my minor mistake of paying about $200 too little, particularly when I achieved a profit of 10% in 45 days, plus an additional 4.7% during the live phase.
This approach to business is certainly questionable.
I’m extremely disappointed and feel misled.
While I wasn’t initially aware of the reviews posted here, it’s become evident what this firm is really about.
This firm has shown a complete lack of integrity and honesty. It’s best to steer clear of their operations. I currently hold an account that boasts a risk management strategy aimed at an 85% gain; I’ve been trading for several days while adhering to all their supposed rules. Yet, I received an email filled with deceit, claiming I violated their guidelines without even specifying what I supposedly did wrong.
If you’d like, feel free to reach out, and I can provide all the emails and my account history as proof. Act quickly; don’t let them fool you!
Their tactics are risky and misleading. I’ve consistently used a fixed lot size of 0.10 in all my trades. I’m already connecting with several influencers to shed light on the entire email exchange and my transaction history. In Brazil, their reputation is already damaged, and I’m determined to bring even more attention to their practices.
I would strongly advise against choosing this firm. My experience has shown that they consistently fail to deliver payouts. It’s a frustrating situation, and it’s hard to see why anyone would take that risk. Save yourself the trouble and look elsewhere.
After thoroughly reviewing the firm’s policies multiple times, I found myself in a frustrating situation. I waited a full two weeks for my withdrawal to either be approved or denied. Unfortunately, after 14 days, they couldn’t provide me with a valid reason for withholding my funds. Instead, I received an email stating that my withdrawal request had been declined due to “risk management” issues. This explanation felt completely unfounded, as I adhered to all risk management rules. My lot size was just 1, and they failed to clarify what I allegedly did wrong. It’s hard not to feel like this was simply a deceptive excuse.
Avoid this firm at all costs—they are a scam!
They claim I didn’t trade for five days, but in reality, I traded for seven and still haven’t received any payment. They also allege that I made too much profit in a single day, which led them to remove my funds and reset my entire account—absolutely ridiculous!
Just to clarify, I consistently traded only five lots on each position, and yet they continue to concoct reasons to deny my payment with rules that aren’t even outlined in my contract.
Do yourself a favor and steer clear of this firm; they’ll never pay you!
Finally, Quantec responded to my command, but the answer was absurd. Here’s what they said:
Dear Chi Shan Law,
Thank you for expressing your concerns. According to our policies, the first withdrawal is capped at 2.5% of your account balance, which means in your case the maximum withdrawal is $2,500. The 35% daily profit limit is calculated based on this amount. Therefore, your highest daily profit could only be $875.
On July 31st, you earned $1,826.75, and on August 1st, you made $2,370.75. These amounts were adjusted from your total withdrawal request, as we only take positive trades into account when applying the daily profit rule. From the remaining profits, 60% of the eligible gains were paid out.
We hope this clarifies the withdrawal rules. We also kindly encourage you to reconsider your review on Trustpilot and potentially update it to 3 or 4 stars.
We value your trust and look forward to ongoing collaboration.
You can check our FAQ under Profit Split for more details on the cap.
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From the website, they provide rules as follows:
Let’s look at how the 35% Day Profit Consistency Rule applies to a hypothetical $100,000 trading account over a 30-day period, where varying profits lead to a total of $15,000.
Daily Profits Example (simplified):
Day 1: $500
Day 2: $1,000
Day 3: $3,000 (notable profit day)
Day 4: $600
Day 5: $400
… (continuing on to reach $15,000)
Step 1: Maximum Allowed Daily Profit calculated as:
Maximum Allowed Single Day Profit = 35% × $15,000 = $5,250.
Step 2: Evaluate Daily Profits against the Rule.
On Day 3 you made $3,000 — since this is below the maximum allowed profit of $5,250, it doesn’t breach the rule.
Step 3: Handling a Violation.
If the earnings had exceeded $5,250, that day would incur a soft breach leading to an adjusted payout.
In conclusion, this rule aims to promote consistent profits over high-risk trade strategies, helping to stabilize performance for managed accounts.
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However, based on Quantec’s explanation, the example seems flawed. If the first month has a 2.5% profit cap, then profits should be calculated from $2,500, not $15,000. This means days two and three are breaches of the rule.
Even in following months, if the profit cap were increased to 5%, it should still be based on $5,000, making day three a breach again. The site’s rules don’t state that daily profit limits are based on the total profit amounts, leading to misunderstanding and what feels like playing tricks to avoid payment.
Strangely, while they previously stated that my daily profit limit was $384.3875, now they claim it’s $875. If $875 is the correct figure, I should have received $1,531.95, and 60% of that would be $919.7. Yet, I only received $329.
Moreover, their stated daily profits of $1,826.75 on July 31 and $2,370.75 on August 1 are incorrect. My documented daily results show:
30/7: $561
31/7: $1,591.70
1/8: $1,635.70
2/8: $427.95
5/8: $390
6/8: -$57
7/8: $40
8/8: -$65
9/8: $83
12/8: $152
It’s clear they misrepresented the facts.
I won’t remove my Trustpilot review unless I receive my full payout. People can see my review and make their own judgments on your actions.
I’m simply following the rules outlined on your website. Quantec, my payout is minimal, so stop making excuses for not processing it. Be fair.
After several months of trading, I feel it’s time to share my experience. In just over seven months, I achieved a profit of over 20% and received six payouts. However, each payout was denied, citing reasons related to consistency and risk management. In the end, they even banned me from receiving one last payout, claiming it was due to risk.
To test their claims, I replicated the same amount of profit for 11 consecutive days, achieving a consistent 0.25% daily return. Despite this uniformity, they rejected those profits too, labeling me a “risk” for the firm. It’s amusing, really—risking the firm by simply being a profitable trader!
I have documented evidence of all my trades and communications with them. I strongly advise steering clear of Quantec if you value your time and finances.
To provide context, here’s an excerpt from their last email regarding my payout request:
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Dear Trader,
We hope this email finds you well. We value your partnership with Quantec Trading Capital, and it is with regret that we bring an important matter to your attention regarding your trading account #88909826.
Following a comprehensive review of your trading strategy and its potential impact on our risk management, we find ourselves unable to continue supporting your current trading approach. The inherent risk associated with your strategy poses challenges to the overall financial stability of our firm.
While we appreciate the diversity of trading strategies among our clients, we must uphold a risk profile that aligns with the long-term sustainability of our business. Unfortunately, your trading strategy falls outside the risk parameters that we can accommodate.
As a result, we have made the difficult decision to close your trading account with us, effective immediately. This decision is not a reflection of your trading abilities but is solely based on the risk assessment and financial considerations of our firm.
In line with our commitment to client satisfaction, we acknowledge the note based on what is described in the Independent Contractor Agreement – Funded Trader, clause 21)b).
Here are the key details related to the account closure:
– Closure Date: 10/10/2024.
We understand that this news may come as an unexpected development, and we apologize for any inconvenience it may cause. If you have further concerns or inquiries, please do not hesitate to contact our Customer Support team.
We appreciate your understanding in this matter and wish you continued success in your future trading endeavors.
Best regards,
Quantec Trading Capital Risk Team
I successfully passed the evaluations and applied for payouts on my funded accounts, but I faced rejection both times. They claimed it was due to “copy trading,” which is puzzling since I exclusively executed my own trades. The second rejection cited a “consistency breach,” which honestly seemed like nonsense. Overall, it’s clear they are unwilling to pay out justifiable earnings.
**Avoid at All Costs**
It’s essential to steer clear of this firm. They appear to be engaged in a scam and will do whatever it takes to withhold your payments. The moment you attempt to withdraw your funds, expect them to come up with fictitious reasons to deny your request. Frankly, this business should be shut down as soon as possible. I cannot stress enough: do not engage with this firm. You’d be wiser to toss your money away than to trust this operation.
I strongly advise against purchasing any of their accounts. I just fell victim to a scam. After two months of waiting, my payout was declined without any explanation. This company requires you to work for 30 days, yet all they offer in return are insincere excuses. I adhered to their consistency rules and only used a single lot size of 0.5 throughout my trading. Still, they turned down my payout as anticipated.
What on earth is going on with this company? It feels like a complete scam. Their main objective seems to be to take your money while offering up all sorts of nonsense as excuses to keep you coming back for more. Seriously, if a firm is a scam, what else would you really expect from them? Don’t be fooled into thinking they actually care about you.
I’m quite pleased with my experience at Quantec. They’ve already paid me around $700, which I find satisfactory. I’m considering upgrading to a larger account soon.
I really appreciate Quantec for opening up opportunities for us residents in the USA by introducing the DX Trade platform. I recently purchased a new account, and now I’m eager to see how things turn out.
I’ve been with Quantec since March 2024, and overall, I’m quite pleased with my experience. Though I’ve only received one payout so far, I admit that trading isn’t my strong suit. Thankfully, I’m just a few days away from being able to request my second payout. Hopefully, everything goes smoothly, and I won’t need to make any changes to my review.
I received a payout about three months back; however, I’ve found myself unable to request another payout lately because my account is currently on drawdown. Overall, they have solid rules in place. I would definitely encourage you to give them a try. It’s worth it, especially since their fees aren’t too steep.
Quantec’s website is notably easy to navigate, which is definitely a plus. They offer affordable prices for their challenges, making entry accessible. With capital offerings reaching up to $600,000 and accounts starting as low as $5,000 to $200,000, it’s clear why many consider this proprietary trading firm to be among the top in the industry.
Quantec has a solid set of rules in place, and my conversation with their support team left me feeling confident about their professionalism. I’m curious to see how they’ll handle payouts. I’ll keep you all updated on how that unfolds.
I strongly advise against investing in this company. They seem solely focused on your funds, leaving little to achieve as a trader. Speaking from personal experience, I’ve certainly learned my lesson the hard way. Eventually, I transitioned to Paiva, and I’ve found their service to be reliable and consistent for their customers.
What more can I add that hasn’t already been echoed by the majority of the 1-star reviews? I requested a payout on September 9, and it took them over a week just to respond. The answer I received echoed what others have said: my account was suddenly taken away due to “risk management.”
I’ve been trading the same strategy successfully with other well-respected prop firms without any payout issues.
In my opinion, this firm is nothing short of a scam, displaying a level of immorality by essentially robbing traders of their money.
I strongly advise everyone to steer clear of them!
P.S. If you’re inclined to trust the 5-star reviews, you might want to consider how many reviews those users have actually submitted. Often, it’s just a single review—very suspicious, if you ask me.
UPDATE: Their response to my review was a complete fabrication; they did NOT ask for any extra information from me. They owed me money, decided to close my account, and threw out the excuse of “risk management” without providing any real explanation. I have all the proof I need. Their level of fraud and immorality seems to know no limits.
Account number 88920570. After three payout requests were denied, I honestly thought my luck would change when they said the last decline was because I hadn’t met the “minimum number of days traded.” They told me to trade for three days and promised to make a manual request for my payout, which I did. But then came another decline, this time citing “Risk Management.” To add insult to injury, I received an email stating that my account would be suspended due to my risk management approach. Quantec feels like a complete scam, and I would strongly advise anyone considering a proprietary trading firm to avoid this one at all costs.
In my experience, this is hands down the top high-frequency trading proprietary firm available. I’ve been with this firm for nearly four months now, and I just received my first payout today! It really shows that hard work and dedication do pay off in the long run.
Sam Langosh
I currently hold four accounts, each with $25,000, at Quantec. During the Christmas holiday, these accounts went untouched. Quantec has a policy that states if an account remains inactive for 30 days, it is considered in violation of their rules. To prevent this, I made sure to place limit orders on all three accounts before the 30-day deadline, ensuring compliance. I’ve got account statements that show these orders were executed just days before the cutoff, yet Quantec proceeded to close three of my accounts, asserting that I violated the 30-day rule.
Now, I’m in a frustrating situation—my emails and messages have gone unanswered. It’s like I’m talking into a void. I’ve decided to file a consumer scam report with the Singapore Consumer Protection Department, providing them with all supporting documentation. Initially, my inquiries were met with acknowledgment, and they insisted the account closures were justified. But once I presented my evidence, they went completely quiet.
Fellow traders, I strongly advise against engaging with these individuals. They lack legitimacy and could end up costing you money, much like I experienced. If anyone doubts my claims and thinks I’m simply a disgruntled trader, feel free to reach out; I’m more than willing to share the proof of my situation.
This type of scam should not be allowed to persist. I’m committed to filing complaints with all regulatory authorities in Singapore and elsewhere they operate to push for their closure. I’m a fair person—if I had genuinely breached the rules, I would accept the consequences. But I did not violate any guidelines, and I’ve got the evidence to prove that I was scammed.