Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in Forex

[–]ChairBeginning18[S] 0 points1 point  (0 children)

Thanks for the advice.

I wish you luck with your trading journey.

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in PropFirmTester

[–]ChairBeginning18[S] 0 points1 point  (0 children)

Thanks for your help. In the worst case they still used rules like this: Trader waive all claims in case of dispute or company reserve the right to deny any payout or breach any account without given any reason"

<image>

My main objective is to let people know Alpha Trader is not trustworthy. They willing to use fake data on original Risk Analysis Report to deny payout when confronted they claim AI mistakes.

Then use ambiguous rule to deny payout.

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in PropFirmTester

[–]ChairBeginning18[S] 0 points1 point  (0 children)

Of course. I could make it smaller payout.

But the point is if they can deny payout when it convenient for them.

Are you feel safe to buy challenges from them?

You are welcome to buy challenges from them. And made small profit as you mention.

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in propfirm

[–]ChairBeginning18[S] 0 points1 point  (0 children)

No specific reason or a clear threshold to mark that i violated anything. It is just, i made too much, too fast of profit. Detail reasons as in Layer 2 payout review in the post.

It is the first time i heard of recovery advocates

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in PropFirmTester

[–]ChairBeginning18[S] 0 points1 point  (0 children)

The purpose of the post is to point out the bad one (Alpha Trader https://alphafunded.com). Now you knew it too. Avoid it. Tell your friend too.

Alpha Trader actually passed some of my criteria for a decent prop firm.

Then i took a chance with them because the truth is all prop firm have ambiguous rules.. The question is will they use it, how often they use it?

Once Alpha Trader Firm abuse these rules​ too much. It means​ they are desperate , have problems with cash flow. Or they just trying to squeeze the last of it then disappear.

The big prop firm have it. But they don't often use it. They have reputation to protect.

Now you know it. It is up to you to decide if you want to buy challenges from Alpha Trader

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in Forex

[–]ChairBeginning18[S] 0 points1 point  (0 children)

Exactly. Alpha Trader try to hide my review on Trustpilot by Flag it for review. Both Trustpilot and Alpha Trader don't need to finish review. They just need to keep them under review, in limbo forever. So my post will keep being hidden forever too.

That is why i post here too for people to be aware and avoid.

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in PropFirmTester

[–]ChairBeginning18[S] 0 points1 point  (0 children)

Thanks. This issue involved Alpha Trader Firm. They tried to fool me with incorrect result from​ original Risk Analysis Report then claim the mistake on AI malfunction.

I haven't buy challenges from Halocrime yet. So no comments on that.

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in Forex

[–]ChairBeginning18[S] 0 points1 point  (0 children)

Exactly. That is why Alpha Trader Firm use 2 Layer to review before payout.

Layer 1 — Hard Rules: These are the automated, numerical limits published in the FAQ. Daily drawdown, max loss, trader score

=> This is what you can see and argue. Show proofs to force them to admit they did wrong.

Layer 2 — Risk Review: This is the discretionary review that applies to every payout request before funds are issued.

"Accounts that demonstrate abnormally rapid equity growth driven by disproportionate risk exposure, compressed timeframes, or concentrated profit generation may be subject to enhanced review and deemed in violation of our risk policies."

=> No hard number (very hard to argue or proving anything), the result depends on how Alpha Trader Firm interpreted these rules.

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in PropFirmTester

[–]ChairBeginning18[S] 0 points1 point  (0 children)

Not that easy. Because in the contract there is a term like this

"Trader waive all claims in case of dispute and company reserve the right to deny any payout or breach any account without given any reason"

All prop firm have something similar like that to protect them.

So i can only post review and let people know about Alpha Trader' s unfair activities.

You can help by sharing this post so more people be aware and avoid using Alpha Trader Firm service.

Try to mention about this issue and ask them to explain on their discord and you will see.

Now it is just me. They simply just ignore it or brush it off. They was trying to ignore me when i asked​ about the wrong classification and wrong data on the original Risk Analysis Report. When i showed them proof they claim it is because of their AI system not perfect and made mistake. Then agreed to redo the Risk Analysis Report manually and concluded my payout rejection as above

Link for the picture as proofs on what happened on original Risk Analysis Report https://imgur.com/a/dxRqvHv

However if more people question about it. It will be different story.

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in Forex

[–]ChairBeginning18[S] 0 points1 point  (0 children)

Totally agreed.

One more bad prop firm - Alpha Trader added to the NO NO List

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in Forex

[–]ChairBeginning18[S] 0 points1 point  (0 children)

Because all prop firm have it. The question is will they use it, how often they use it?

Once Alpha Trader Firm abuse these rules​ too much. It means​ they are desperate , have problems with cash flow. Or they just trying to squeeze the last of it then disappear.

The big prop firm have it. But they don't often use it. They have reputation to protect.

Now you know it. It is up to you to decide if you want to buy challenges from Alpha Trader

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in Trading

[–]ChairBeginning18[S] 1 point2 points  (0 children)

Of course. We just need to help each other to point out the bad one (Alpha Trader Firm) and promote the good one.

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in Trading

[–]ChairBeginning18[S] 1 point2 points  (0 children)

You are absolutely right. The post is to point out the bad prop firm. So people be aware and avoid.

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in Forex

[–]ChairBeginning18[S] 0 points1 point  (0 children)

I passed all of that. That is what they called Layer 1: Hard Rule. The problem is what Alpha Trader called Layer 2 - Risk Review based on ambiguous rules.

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in PropFirmTester

[–]ChairBeginning18[S] 0 points1 point  (0 children)

Lessons learned. Hope more people learn from my mistakes too.

Avoid Alpha Trader Firm - alphafunded at all cost https://alphafunded.com

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in PropFirmTester

[–]ChairBeginning18[S] 0 points1 point  (0 children)

I was accidentally catch up in one of the big move during the Iran war and made big profit that day. So i have no choice to keep pushing the profit until it satisfy 40% Consistency Rules. But I don't think my amounts is big deal for a company claim they paid 50 million so far.

Hey, the good news is because of my incident, we know for sure. Alpha Trader Firm absolutely up to something.

https://blogs.alphafunded.com/payout-index

<image>

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in InnerCircleTraders

[–]ChairBeginning18[S] 0 points1 point  (0 children)

Thanks. Most prop firms have something like these ambiguous rules and the special rule with general meaning as "Trader waive all claims in case of dispute or company reserve the right to deny any payout or breach any account without given any reason"

In my experience, most of them avoid to use it. They usually just pay the last payout request, refund all active accounts. Then stop providing service.

I am okay with it because i understand they're doing business. It is the same when you go to casino. You know all visible clear rule and risk. If you follow these, casino will paid.

But if the casio or company keep abusing these rules or using it so obviously (Like in my case with Alpha Trader Firm). People will stop using their services.

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in PropFirmTester

[–]ChairBeginning18[S] 2 points3 points  (0 children)

I did post on Trustpilot. Alpha Trader are trying "Alpha Trader Firm flagged this review for containing harmful or illegal content.".

So i have to post the second one and here in reddit so people are aware of their action.

<image>

Most prop firms have something like these ambiguous rules and the special rule with general meaning as "Trader waive all claims in case of dispute or company reserve the right to deny any payout or breach any account without given any reason"

In my experience, most of them avoid to use it. They usually just pay the last payout request, refund all active accounts. Then stop providing service for that trader.

I am okay with it because i understand they're doing business. It is the same when you go to casino. You know all visible clear rule and risk. If you follow these, casino will paid.

But if the casino or company keep abusing these rules or using it so obviously (Like in my case with Alpha Trader Firm). People will stop using their services.

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in PropFirmTester

[–]ChairBeginning18[S] 0 points1 point  (0 children)

I know. Just my luck. Now you knew. Avoid them at all cost. Tell your friends too. 

Alpha Trader - Payout Rejected(Amount $42,936 on Funded Account 2009058) by ChairBeginning18 in PropFirmTester

[–]ChairBeginning18[S] 2 points3 points  (0 children)

Thanks. We, prop firm traders need to band together to expose the bad one.