Funding Talent has made THOUSANDS of it’s users angry.

First let’s talk about what Funding talent is, well…. was. Funding Talent is an online prop trading firm, based in Canada. This firm really took off over the last few months thanks to founder and CEO Jessica Ghaney, who you may already know through Instagram.

Funding Talent offer a large range of funded account options, which can be quite overwhelming to get your head around initially. In terms of the capital offered, it ranges from $25,000 to $300,000, depending on which account you are looking to take on.

In short, it is broken down into two different account types: Flex (Classic or Aggressive) or Challenge.

CHALLENGE ACCOUNT:

Most people bought Challenge accounts. To explain: 

The challenge mode has a set of rules you must abide by in order to actually pass and get funded. This is pretty much the industry standard and currently looks like…

No risky EAs or copy trading
30 days of trading in stage 1, 60 days of trading in stage 2
Max daily drawdown of 5%
Max total loss of 10%
Profit target is 8% in phase 1 and 4% in phase 2
Any trading styles
Trades overnight and weekend holding are allowed
If you manage to pass the challenge, you will get your fee refunded in your first payment, along with a profit split of 80% on the $100,000 capital. If you are profitable and did not violate any of the rules but fail to hit the full profit target, you will be allowed to retry the challenge for free.

PASSED THE 2 PHASES, NOW YOU GET AN ELITE ACCOUNT

Elite accounts are essentially funded accounts. These come with a profit split ranging from 75%-90%, depending on which account type you opted to trade. Elite accounts can be obtained in 2 ways…

Passing the Challenge account
Growing your funded earnings on the Flex accounts to over 15%
When you have access to your elite account, you won’t be held to any type of profit target monthly or quarterly, only a drawdown maximum and daily maximum will be imposed on your account.

WHAT IS THE ISSUE?

For example: 

You just bought a 25,000$ Challenge account. You passed both Phases. You obtained an Elite account. Now let’s say a person has made 10,000$ in profit of that account. In 30 days he/she should be paid out. How much would the user receive? 80% + a refund of 175$ you have paid for the Challenge account. So in total, the user should receive $ 8,175.00 !

Why are users angry about this? 

One day we woke up to a Tweet saying: Big Announcement coming soon!

SO what was the Announcement you may ask??

ALL users who had an elite account GOT A SHOCKING EFFECTIVE IMMEDIATELY CHANGES! If you made 10,000$ on your Challenge account, you won’t get 80%. You are getting a poor sum of 25%. WE WERE NOT AWARE OF THIS CHANGE BEING MADE! They deleted their Discord, they did not alert us beforehand, and this should be ILLEGAL! We PAID fair and square for CHALLENGE ACCOUNTS! It’s ILLEGAL to change your business model DURING already ongoing accounts. You should have shut down the option to buy CHALLENGE ACCOUNTS and let the live users who own it, trade it until the end of the month with respecting their profit split. REMEMBER WE PAID FOR THE 80% PROFIT SPLIT, NOT 25%. THAT IS THEFT AND IF YOU WON’T RESPECT OUR DEMANDS, WE WILL TAKE LEGAL ACTION. FUNDING TALENT HAS ALSO CHANGED THEIR BUSINESS MODEL FROM A PROP FIRM TO A SIMULATED GAME! 

USERS WHO WERE SUPPOSED TO GET 80% OF THE PROFIT, WORKED HARD ON THEIR ACCOUNTS AND WORKING HARD TO EARN MONEY ARE NOW LEFT FOR DAYS PRAYING IF THEY WILL BE PAID OR NOT WAITING FOR DAYS ON YOUR EMAIL REPLY.

SHUT DOWN YOUR BUSINESS OR WE WILL DO IT FOR YOU, UNLESS YOU RESPECT OUR DEMANDS!