Fasttracktrading Reviews 

821
•
TrustScore 3 out of 5

3.1

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Rated 5 out of 5 stars

So remember how on Sep 25 I called it PONZI? Now I assume you can see by yourself, coming to update now the estimate time to receive payout is around 1 month some people still waiting after 45 days... See more

Rated 1 out of 5 stars

Almost 8 weeks now, still no payout has been sent. The CEO Scott disappeared, last week their COO jumped the ship right after their General Counsel left as well. Affiliates are still not paid, now the... See more

Rated 5 out of 5 stars

FTT and Scott along with the WHOLE team is amazing! Working 24/7 to solve issues and being very transparent about the process! My payouts and affiliate payout are processed as he said it would! All th... See more

Rated 1 out of 5 stars

This company has been a complete disappointment week after week. Their CEO, Scott, spends his time on X and Discord arguing nonsense instead of addressing real issues. The timing of everything se... See more


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3.1

Average

TrustScore 3 out of 5

821 reviews

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3.1

All reviews

(821)

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Rated 1 out of 5 stars

Affiliates never getting paid

Affiliates and traders waiting for 1-2 months for payouts with no end in sight. Empty promises everywhere. Staff shitshow.

This company is imploding right before your eyes. Instead of freezing new accounts and figuring everything out and getting everyone paid, they retroactively change rules, deny payouts and hope that new customers buying account help pay for their 2 month old payout requests.

A ponzi scheme.

October 21, 2024
Unprompted review
Rated 1 out of 5 stars

Not paying real traders

I believe they are running very low on funds and are unable to pay traders. So then they run some shady business practices to try and stay afloat with no real long term solution.
1. sales to bring in new money
2. change the rules and back date the rules to decline payout
3. ban people from discord to keep them from asking questions
4. payout the smallest payments first to try and get those folks to rebuy accounts
5. delay payments
6. gaslight people waiting for payout that FTT is actually the victim and the customers are really the problem

None of these "solutions" solve the issue of a large backlog of funds they have to pay out.

I see affiliates not getting paid and big traders not getting paid.

Also the owner likes to show off new super cars and nice watches....

November 1, 2024
Unprompted review
Rated 1 out of 5 stars

Too good to be true

I looked into this firm for months before purchasing, there weren't any red flags until I was ready to buy. I always thought, "this firm feels too good to be true," I was right, always trust your gut.

So they have a process, you request a payout then weeks to a month later, it gets approved, then MAYBE you'll get paid, within 2 months.
So I assume within that long time from requesting but before approval, they want people to blow their accounts to avoid further having to pay.

The CEO says that funds are not an issue for late payouts, it was just a software thing, so why can't they multi-task the new ones while troubleshooting the old payouts.

I remember they would pride themselves on being better than the other firm that offers 20 accounts, but atleast the other firm reliably pays.

Anyways, I don't believe it is a scam, but I do believe it is completely not worth it to purchase these accounts for atleast a year, see how they fix these repeated issues. In the mean time, use a different firm that has EOD drawdown, maybe one without a strict consistency rule.

Their Discord is also a joke, they have 1 chat room where all day is people complaining about not getting paid, their support is sometimes helpful with it, sometimes they'll just send memes and gifs to people seeking help. While that's happening, there is random people talking trash to others having issues, it's just a complete mess; having only 1 chat room messes with the support aspect where some people go ignored.
Scott does seem genuine, so I do hope he can turn the company around from the absolute mess it is, and when he does, I'll gladly revise the review, until then, I'm sticking with a firm that takes a few days to pay, not months.

October 2, 2024
Unprompted review
Rated 1 out of 5 stars

Scott and his band of followers

Staff, especially Scott have a superior complex when dealing with their customers. Calling them idiots even when bringing them business. Very disrespectful group of like minded individuals.
EDIT: They just deleted their entire discord. It's a rug pull.

November 1, 2024
Unprompted review
Rated 1 out of 5 stars

More threats from Varun Muthu - AKA - Sage | More Late Payments

Another threat from Varun Muthu - AKA - Sage - COO of Fast Track Trading regarding reviews. The company needs to stop threatening reviewers and focus on paying traders. Fast Track Trading is currently > 30 days behind on payments. Do not trade with this company until they stop making threats and pay their customers:
____________________________________
Sage | co-COO 10/28/2024 10:11 PM
EVERY 1 star review will be flagged and asked for details.

Trustpilot is not discord where you can hide behind a name.
Whoever called us a scam we will get there info and adios.
____________________________________

October 28, 2024
Unprompted review
Rated 1 out of 5 stars

Difficult Processes, Cant take genuine feedback

Processes at the firm are a mess! I can understand for a new organization! But if you ban your customers for giving a genuine feedback, then you can go nowhere as a company! I just wrote - " Everything is so difficult here, account purchases/payouts. Just a general feedback. Not trying to create fear!" They could not take this feedback and banned me from discord. I am sorry to say but this is not how you treat your customers for a genuine feedback! Good Luck!

October 28, 2024
Unprompted review
Rated 5 out of 5 stars

A great firm in the makings

Overall, this is a great prop-trading firm for everyone looking to trade futures. The rules are straightforward, everything is crystal clear. There was a problem with the payout system due to backlog, but the staff is clearly working on sending the payouts asap. There is clear effort on them and people are getting paid, albeit at a later date than originally planned. It is encouraging that in near future this backlog will be cleared, and the payout system will be automated and faster. There is literarily nothing negative to say apart from that delay.

October 31, 2024
Rated 1 out of 5 stars

They are SCAM

They are SCAM, don't waste your money or time with them. They started in the market with unsustainable rules, they only paid affiliates and a few friends traders. I had 2 accounts, made profit on both in 20 days, I asked payout, and didn't get paid.

They changed the rules, even though I was within the new rules, they didn't pay me. They gave me a new account to start all over again. BS.

Run away from this company. There are many other better and sustainable ones on the market.

November 1, 2024
Unprompted review
Rated 1 out of 5 stars

Read the 5 stars reviews then join…

Stay away!!
Read the 5 stars reviews then join discord to read about what the real customers are saying.

NO ONE IS GETTING PAYED. some payouts are pending from 2 months….read the discord to see how great this firm is….

100% scam, ohh, and they have a habit of charging the rules after you pay them…be advised, be warned…stay away!
It’s the wild west here…no laws whatsoever

October 31, 2024
Unprompted review
Rated 1 out of 5 stars

NO Payouts WORSE CEO

One of the worst CEO‘s ever. He bans, kicks uses time outs just because people in the discord give 1 star reviews on trust pilot, which are reasonable! Imagine! They dont pay out people wait more than a month 😂. Stick with the usual firms, this one will be gone very soon. I could go on for ages what they are doing wrong, but knowing they denied 10M+$ in payouts because they changed a rule „all of a sudden“, is enough for you to avoid this firm.

October 31, 2024
Unprompted review
Rated 1 out of 5 stars

trash company

trash company ,waiting for 50 days my payout still nothing , ceo keep promise and do nothing .out of cash .

November 1, 2024
Unprompted review
Rated 1 out of 5 stars

This is the worst prop

This is the worst prop. I’ve been waiting for months to get paid. They have refused several payments under false pretenses, and the staff does not respond to my emails. I opened several accounts at the same time, and they only opened half of them. The others say they are completed, but they are not. The staff still does not respond to emails. The CEO threatens people who leave bad reviews on Trustpilot by refusing to pay them. I don’t know if this is a scam, but it’s not worthy of a real prop.

October 6, 2024
Unprompted review
Rated 5 out of 5 stars

Update

So remember how on Sep 25 I called it PONZI? Now I assume you can see by yourself, coming to update now the estimate time to receive payout is around 1 month some people still waiting after 45 days
keep buying so they can use your money to pay those people.

October 30, 2024
Unprompted review
Rated 1 out of 5 stars

Toxic compagny

Payment refused after approval.
They change the rules retroactively.
Not serious. Toxic with their Discord.
Never again with FTT
shame on the youtubers who still promote

October 31, 2024
Unprompted review
Rated 1 out of 5 stars

They want people to be intimidated by…

They want people to be intimidated by threats, really just run out of there, they are scammers fraudulent people. Save yourself some psychology issues and be safe from them. I bought 16 accounts then couldn’t trade them for weeks, after they got to payout just to be denied. Man all the work to the garbage. Scammers

October 25, 2024
Unprompted review
Rated 1 out of 5 stars

THIS IS NOT A PROP FIRM

Nobody at FTT knows anything about how real prop works or real trading for that matter. They’re a bunch of SIM traders that act like used car salesmen, with a cut rate B grade dev team. As far as bucket shops go, this is one of the worst. Hopefully this current trend of “sim-funded” dies as fast as it started. I’m sure for new traders it seems like a great opportunity. Pay a small fee, get access to more “risk” than you might be able to come up with for a live account. That is a facade. What you’re really doing is paying your buy in to the casino. Every aspect of how FTT is setup, as with all the SIM bucket shops, is to the disadvantage of the participant. Not only that, they truly promote very bad habits if you ever actually want to trade a real account. Like the consistency rule for example, incentivizes new traders to cap their good days so they don’t make “too much” in one day if they want to be able to get paid any time soon. They pass it off by saying they want to see “consistent traders” and if you’re new you’ll probably buy into that. If you have a few real years under your belt as a true CPT you already know what a crock of sh!t that is. Then there’s the end of day trailing drawdown, better than intraday trail of course, still completely horrible and is in no way relevant to real trading at all. If you’re a new trader, as soon as you hear trailing drawdown, run away from that bucket shop as quick as possible. Again they’ll try to justify it by saying they want to see “good risk management and consistent profits”. Yeah I’m sure they do(sarcasm). What it really means is they want to give you the least likely chance of beating their game as possible. And again, no way realistic to actual trading. These bucket shops are not prop firms and they never will be. It’s unfortunate because now this is what new traders think prop trading is. It is not even close to what real prop trading is. I’ve had the opportunity to trade on three live desks during my tenure as a trader, two in Chicago and one in NYC. Prop firms do not have trailing drawdowns, they do not have “consistency” rules, their traders aren’t customers they’re partners and/or employees. In real prop, you get a daily loss limit and a size limit if you’re new and that’s it, no more rules. You’re given TT, no rithmic no tradovate, I never even heard of that sh!t until I checked out these sim bucket shops. You’re paid your percentage of your profits every month or quarter, if you perform poorly over time you’re let go. That’s prop. Trading a sim account with a trailing drawdown, consistency rules, a “buffer zone”, a daily P/L requirement for it to count(because you have to trade a certain amount of “real” days to get paid) and withdrawal limits, is not prop. It’s sh!t, run by clowns and sh!t salesmen. Forget prop, it’s not even close to what actual trading is like in any way. If you’re new and you choose to go this route instead of funding a live account and/or networking with real prop firms for a seat on a desk(it’s easier than you’d think), I wish you luck with your time in the casino, and I hope it doesn’t slow you down too much from developing some real trading edge. At the very least go with one of the other bucket shops and avoid this one.

October 23, 2024
Unprompted review

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