Bold Fund Reviews 20

Negative review of Bold Fund (now operating as Era Trade)

I am writing this review to share my experience with Bold Fund, which later rebranded to Era Trade, so traders searching for either name are aware.

Despite trading responsibly and following the stated rules, I was ultimately denied a funded account. The company justified this decision by referring to “increased risk”, without providing transparent calculations, detailed reports, or clear references to specific rule violations.

Below are the reasons given by the company and why I disagree with them.

Reason #1 – “Scalping”

The firm claimed my trading was classified as scalping.
In reality, a few positions were opened by mistake and closed immediately, without trade development, profit intention, or repeated fast entries.

These actions were not a trading strategy and were corrected instantly. Nevertheless, they were used as a formal reason for refusal, without considering the context.

Reason #2 – “Martingale”

The second reason given was the use of martingale, which is incorrect.

There was:

no systematic increase in lot size after losses,

no attempt to recover losses aggressively,

no risk escalation beyond allowed limits.

All trades were independent entries, not part of any progression. No evidence, statistics, or calculations were provided to support this claim.

Reason #3 – “Fixed position size”

The third reason cited was using a fixed position size.

A fixed lot size is standard risk management, not a violation.
Risk was stable, controlled, and consistent. No averaging, no progressive exposure, and no aggressive position increases were used.

This also creates a logical contradiction: fixed position size cannot simultaneously be martingale, which raises concerns about the objectivity of the evaluation.

Final thoughts

In the end:

the funded account was not issued,

reasons were vague and inconsistent,

there was no transparent appeal or review process.

Considering that Bold Fund now operates under the name Era Trade, I find it important to mention both names in this review.

Recommendation: If you are considering Bold Fund / Era Trade as a prop firm, be aware that even when rules appear to be followed, decisions may still be made without clear justification or transparency.

They haven't paid me. They haven't even sent me a letter. They've been ignoring me since December 10th. It's a waste of money. BoldFund for now.

This profile has to be taken down on trustpilot. They are scam

Boldfund are not to be trusted, run from them..

Bold fund has proven themselves to be a total scam. AFter delivring my service to them, they stopped responding to my message and never made payment for the service been offered.

0/5 — Extremely disappointed — detailed account and warning

I purchased a BoldFund Challenge on 14 Oct. Their FAQ states login credentials are provided immediately after purchase, but my account was issued >24 hours later. Support replies were templated (“please wait”, “in progress”). I asked for a refund due to the missed SLA and was told refunds aren’t available.

I completed the Challenge strictly by their published rules:
• Target: +11% (achieved in 3 trading days)
• Trading days: 6 (requirement met)
• Profit days: 3 days ≥ 0.5% (requirement met)

After completion I was emailed: “You have successfully passed — please submit KYC.” I provided KYC immediately. A few business days later (KYC review took up to 6 working days) I received a new email: “Your account has been closed by Risk Management.”

Their stated reasons (quotes from their email):
• Scalping (<3 minutes) — they listed these trades:
• [2025-10-15 12:05:27 UTC] BUY XAUUSD — 8.4 lots — held 50 sec
• [2025-10-18 07:15:06 UTC] BUY BTCUSDT — 0.01 lot — held 10 sec
• [2025-10-18 22:49:01 UTC] BUY BTCUSDT — 0.01 lot — held 10 sec
• [2025-10-20 04:05:23 UTC] BUY BTCUSDT — 0.01 lot — held 10 sec
• All-in / +50% vs average — shown as lot-size comparisons with large % deviations.

Why these grounds are incorrect or misleading (verifiable against their public FAQ and my trade logs):
1. Misapplication of the “<3 minutes” rule. Their FAQ states: “If your trades open and close within 3 minutes and exhibit an excessively high frequency of scalping … Only Live accounts.” That clause applies to Live accounts, not to the Challenge/Evaluation stage. My short trades were isolated: one accidental position closed immediately and corrected; three minimal technical trades (0.01 lots) opened on different days to satisfy the 6 trading days requirement. This is not systemic scalping.
2. Invalid “All-in” comparison in raw lots. They compared raw lot sizes across different instruments (metal / FX / crypto). Lot size alone is not a universal risk unit — contract size differ between instruments. If they normalize risk internally, they must publish the method; they did not provide any transparent normalization, only raw lots and %.
3. Process issues and lack of transparency. They asked for KYC after confirming I passed, then revoked the pass. I received no substantive explanation, only a later offer of a 30% discount on another Challenge. I requested refund for their missed SLA — denied. Support responses are extremely slow (often 3–5 working days) and redirect between different email addresses.
4. Community moderation / blocking. After I published a factual account in their community chat, I was removed and blocked within minutes. This suggests an unwillingness to tolerate public criticism in official channels.

Based on these facts: I met all published requirements, yet my account was closed on grounds that contradict their own FAQ and rely on opaque internal rules. The handling of the case (slow replies, lack of transparent calculations, post-pass KYC revocation, blocking in the chat) is unacceptable.

Recommendations / final warning
• Do not buy a Challenge from BoldFund without extreme caution.
• Be aware that public criticism in their community may be moderated; I was blocked after posting a factual review.

I cannot recommend BoldFund based on my experience. If you value transparency, predictability and fair dispute resolution, look elsewhere.

I purchased a $100,000 challenge.
According to their FAQ, challenge accounts are delivered instantly after payment.
It has now been almost 24 hours — I never received any account details or credentials.
I contacted support several times, and they kept saying “please wait” and “check spam,” but nothing was ever delivered.
When I requested a refund (since the challenge was never activated), they refused and said they “do not make refunds after payment.”
So far, they have taken the money, not delivered the service, and are ignoring follow-up messages.
This is completely unacceptable for a company claiming to be a professional prop firm.

scam propfirm

Do not buy here they only pay little payouts.

Scammer scammer stop wasting ur time this firm is scamm
I won a giveaway on X I try to claim giveaway account but they are not replying message I open ticket still showing the same

I don’t recommend Bold Fund — they just refused to pay

Review:
I passed the challenge, traded on a live account, and earned $2930 with a strict 0.5% risk per trade, fully following my system.
But when it came time for the payout, Bold Fund simply canceled everything, claiming it was “All-in trade.”

This is absurd. My trading history was clean — no over-leverage, no gambling, no rule violations.
They just found a formal excuse not to pay.

Their support didn’t respond properly — no answers in chat, no replies to emails.
They just took the account and that’s it.

I do not recommend them. There are many other prop firms that pay out fairly and treat traders with respect.

⚠️ This company is a complete scam. They refused to pay out and sent not correct screenshot as an excuse.

I passed their challenge and got a funded account. I made a small profit (around $1000) and requested a payout. Instead of paying me, they suspended my account, claiming I traded during high-impact news.

They even sent me a screenshot as “proof” — but I double-checked the time and date on ForexFactory, and there were no news events scheduled at that time. The screenshot looked clearly edited or fake, just an excuse not to pay.

I also asked for a refund for the challenge fee — and they refused.

Normally, in most prop firms, the challenge fee is refunded right after you pass.
But this company only offers a refund after 5 payouts, which they likely know will never happen — because they find a reason to ban your account before you get that far.
It’s just another tactic they use to avoid paying traders anything at all.

Before purchasing the challenge, I read some negative reviews. People warned that this company bans accounts unfairly and invents reasons to withhold payments — especially blaming traders for “news trading,” even if they traded hours before any actual news.

Unfortunately, those reviews turned out to be true. I took the risk — and I regret it.

This is my personal experience, and I’m sharing it honestly and without exaggeration.
Maybe someone else had a good experience, but for me — this company turned out to be a SCAM, and I do not recommend it to anyone.

⚠️ Be careful and think twice before trusting them.

Processed payment within 24 hours. This prop company has a rule for first paymets up to 10% limit, i did not understand it at first, but support quickly helped and processed my request privately. Great service

Avoid boldfund.io at all costs! This company does NOT want profitable traders—they look for any excuse to ban you and keep your money.

I am a trader from a war-torn country, Ukraine, and trading is my only source of income. I followed all their rules, never used a VPN, and yet they started harassing me over my IP address changing, even though I use a regular internet connection. My provider assigns dynamic IPs, which is completely normal and out of my control. I gave all screenshots. Instead of resolving the issue, they banned my account and stole my profits.

They refused to process my payout from 5 feb and deleted me from their Discord the moment I said I would leave an honest review. This is not a real prop firm—it’s a scam designed to take your money and ban you once you become profitable.

These scammers don’t care about traders. They only care about taking your money and kicking you out when it’s time to pay. Do NOT trust them! There are far better and more honest firms out there.

I strongly warn against cooperation with them, they are scammers. This year, I personally bought an account from them for 50,000 dollars, successfully completed it, then received a funded account, traded there for 2000 dollars and sent a request for withdrawal. Two days later, I received a message that I allegedly violated their trading rules and my account was blocked. They blocked my account and did not pay me the money. The rule they referred to when blocking the account is news trading, according to their rules, it is prohibited to open and close transactions 15 minutes before and 15 minutes after the news release. I understood this perfectly well, so I always tracked the time of the news release and took it into account in my trading. The transaction for which they blocked my account was opened on January 31 at 09:50 and closed at 11:00, and the news came out at 15:00, 4 hours after my transaction was closed. As you can see, the reason why my account was blocked is absurd and fictitious, since in reality I did not violate anything, but they apparently do not care and they block all profitable traders. These are real scammers, I do not advise dealing with them. I tried to contact their support, but they did not answer me for a week, and then they replied that their decision to block was correct and will not be revised, without even trying to understand the situation. In general, they are scammers, never deal with them!!!

Hello. After comparing with other Prop companies, you understand who is who. Bold Fund are the best. I recommend not wasting time on other companies, because you will still return to Bold Fund. Profit to everyone