Everyone had high hopes for this firm when it launched a few months back, but these hopes have quickly been dashed. To start with, they pushed and promoted the use of HFT (high frequency trading) on challenges, in order to get as many paying customers as possible. However, the CEO and the rest of their staff failed to have any understanding of what the majority of retail traders will class and use as HFT. They didn't hesitate to shout from the rooftops about allowing HFT on challenges, to only then breach all of these paying customers a month to two later (when requesting withdrawal of profits on their live accounts) for using "arbitrage" trading. Their support constantly keeps saying "it was always in the T&Cs", but this is shady and highly unethical behaviour. There was a complete lack of clarity about the use of HFT on their home page, FAQs etc. basically anywhere customers would thoroughly read before paying. Their CEO and staff even confirmed the use of HFT many times up to a certain date. Burying a CRITICAL detail about HFT, and something which is an EXTREMELY COMMON form of HFT, deep in terms and conditions and not CLEARLY highlighting this on the home page or FAQs is highly unethical behaviour. But this was not done, and they simply used the bait to get as many paying customers in as possible, knowing fully well they will not have to pay them out eventually. Basically free money for AQRE.Their old dashboard system is a joke as well, something they say they have no control over. Why would they not fully research the technology partner they are about to sign up with beforehand? After months of delaying payouts and getting nowhere, they terminated their contract and now there are lots of traders (probably in the thousands) who will never see their hard earned money.Constant lies, beating around the bush, delay tactics and shifting blame. Their consistency rule is not trader friendly as well, it is only designed to limit how much they need to pay traders out. Another constant lie coming from support is the sentence "many traders have told us they like the consistency rule as this helps them stay disciplined". In the many months I was part of their discord channel, never once did I see anyone say that. In fact, when their support was asked to show proof of these "many traders", the questions were ignored. More false claims. They chop and change their rules frequently and have lack of ownership and accountability for their poor decision making . No doubt they will continue to keep unethically and immorally hurting traders who put their trust and hard earned money into them. Stay away from this firm, you will have far better experiences with the more recognised and reputable firms. AND they will actually pay you out!
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AQRE FX is an innovative funded trading program that ensures you gain access to a wide range of market opportunities without all the headaches of taking enormous risks. Our team provides a simple one-step qualification process with the lowest profit targets and highest drawdown allowance to help you achieve your financial goals.
