The Prop Trading 

Early December I paid for a 100k evaluation challenge. Hadn't yet started it because didn't want to trade the December market. Two weeks later they're website is down, and as of January 2nd they've now deleted they're Instagram account. I'm down £420 for nothing.

This prop firm is terrible. I purchased a challenge; then, the company shut down unexpectedly. Got scammed out of more than $2,000. I hope these guys go to jail! Upon raising a Paypal dispute, they kept replying with the following:

We're working with our legal team to resolve issues.
We will be back with updates after the holidays.

ASIC letter seems pretty clear - this company is a scam and is being shut down. Be careful of Australian and UK prop firms - they are complete scams. They post fake payout reviews on YouTube and shut down unexpectedly.

There is very little chance I will get a refund ... the dispute period for Paypal is now closed, so buyer beware.

They Could Be Back
I agree with Fadi El Khoury’s review some review’s below.
It does not help to keep on hammering them with 1 star review. Some firms under ASIC investigation could be back in business. And if they do come back, the more bad publicity and press the less likely will they be able to overcome and continue. Let’s give them a chance and if after sometimes they are not back, stone them.
Also, What I found strange are some fake negative reviews who slams this company to recommend other similar companies who no one ever heard of.. very suspicious
I am copy pasting Fadi’s comments below, I found it very helpful:
It might not be over yet
I did some research on the possible outcomes following their operations pause as forced on them by the ASIC (The Australian Securities and Investments Commission).
They could be closed for ever, yet still, there is a chance that after few days or weeks to resume their operations after being disciplined by ASIC.
They deserve to be disciplined, for certainly there are many bad practices, and if found guilty I wish they would be punished to the extreme of the law for what they did to all of us. However, in case they are back after being chastised by ASIC, whereby they fix their wrong doing and pay all their dues to their clients, bad publicity and press is not in anyone’s favor. If the publicity is so bad, even if they manage to be back, they might not be able to overcome the bad publicity and continue. Therefore, let’s give them a 10 pct benefit of the doubts. That is why I am giving them two stars for now. And if they turn out to be a scam, for sure I will change it to one star. They certainly have bad practices and intentions but they might not be that bad after all. It could only be a matter of some cheating and very bad management. From experience most prop trading firms cheat one way or the other. I know, as I work with 6 of them but sill manage to make a lot of money from them.
There is still a small chance that we might get paid and have our accounts restored.
And it is not in anyone’s interest for this firm to be closed permanently, otherwise we will be the first one to lose, they lose and the whole prop firms industry will be badly affected with bad reputation. So, it is not in anyone’s interest at the moment to hammer them with 1 star reviews. There is a saying in Lebanese that says
” You want to eat grapes or kill the guard?”
I do not know this company, am just a new client but I feel for all of you. What triggered me to write this review is that they send to all of us an email announcement saying the following:

Dear Trader,
As previously communicated, we reinforce that we are demanding all possible efforts to resolve our situation with the Local regulatory body for the reactivation of all accounts under evaluation and funded as soon as possible.
We appreciate the patience and support of our traders!
We will bring you new updates as soon as we have them.
For wisdom’s sake, I am giving them the benefits of the doubt and I hope that all of us will get our rights back.

If they are gone forever, I will personally be one of the greatest losers. They owe me around $50,000 dollars payouts from three different accounts with them. So, I have all the reasons to unleash all my anger at them. But am hoping that it might not be over yet.

They have n=been forced to suspend activities due to ASIC directive. I have 2 funded accounts with TPT and have had 2 payouts and 1 evaluation fee refund. Last payout was last Friday 9th December - 2 days before they "temporarily" ceased operations. Hope to see them back but was lucky to clear my accounts last Friday.

The website is down and I cannot access my trading account at all!!!!

I’m missing trades that can pay me, I would like a refund ASAP!!!

Not reliable !!

What is going on??
I really hope that will gomez will not turn out to me a massive scammer and riemburse all the prop firm accounts that now can't be traded anymore.

Don't think we will ever see our money back, but at least they hopefully won't ever scam more people

They just run away with no prior notice That scam is a shame to all the prop firms industry

looks like its the the end of the road for this one

Now it's time to have my say given what has happened over the last few days with this sham company.

I personally think the ASIC shutting these people down says it all really.

I myself was 100k funded with these guys and was told I had three trades the same as another trader.
The only proof shown was a spread sheet of the alleged trades.

Along with a support staff member saying even if by coincidence a trader was to be entering trades at the same time as a fellow trader this would be deemed copy trading.

I focused attention elsewhere after wasting time trading with this company. Fellow traders I know have had the rug pulled from under feet for no rhyme or reason.

Now this debacle occurs where they have been shut down.

Once the dust has settled you will be gone and not missed.

They shared a post on Instagram saying there website is down but I went on there website .. to the support section and asked them what's going to happen with my evaluation,then I exited the website.. went on it again and now the website doesn't work even though it did earlier

Unfortunately they seem to be ok with just shutting up shop and still owing alot of people alot of money.
Give prop forms a very bad name.

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Since writing the above, it would appear they have NOT shut up shop, just had to take their website down and cease trading until they fix issues with the ASIC. They published a letter from ASIC. But that's the only communication. They do currently owe money and some do have challenges in progress. They're not responding to emails but it could be that they are inundated and will catch up eventually.

They went bankrupt. They post on their instagram that they are closing their operation i requested a payout on friday but now there will be no money from them

100K FUNDED ACCOUNT LOST!
I have been trading for a lot of time in order to pass Challenge and Verification, had the payout on MONDAY!

And now they SCAMMED ME.

Been waiting for a payout for weeks, they said it was delayed because of the high volume of requests. Today, the website and the servers shut down and they ceased to reply to any email. Unfortunate for all the people (including me) who fell for this scam.

Website can't be accessed cannot chat on discord cannot open dashboard don't know why

Best customer service,Assis was kind and patient with my questions. He cleared my questions up especially about the business hours of AEST

Each interaction I have with The Prop Trading support team instills more confidence. Today Calo immediately responded to my query with a clear straight forward answer. Much appreciated Calo!

Yan and Teones where great at answering my questions. Fast response to my questions and places to reference.