Review Time
I want to warn everyone about FundedEliteTraders and AlgoX. They claim to help traders pass funded account challenges and say they’ll only get paid after we receive our payout. They promise 40% of the payout, which sounds fair — so I joined.I purchased $200K and $400K funded accounts and spent around $1,800 in total. I successfully passed the challenge, and my first payout was scheduled for August 25th.After that, everything went downhill. • First, they said the payout would be delayed 7 business days for verification. • Then they said it was returned and would take another 14 business days. • Later, they claimed there was a system error and needed 10 more business days to fix it. • Finally, they told me my payment was “ready by cheque” and “deposited into my bank account” — even though I never gave them my bank details!It’s now clear that FundedEliteTraders and AlgoX are not two separate companies — they are the same people running two Telegram accounts to scam traders.🚨 They are professional scammers – do not send them any money.They will never pay you back. Avoid them completely!
I've been trying to get paid out for two months, they say I'm one of the only very few that they are having issuing payments to. The problem is, we can't find anyone who has been paid; and I brought them 4 other customers with the same issue. On just those 4 customers, they are arn't paying out a total of nearly $1,400,000 USD. Also, check their payouts - they mostly go to small foreign countries if they are even real. Check out the kid who started it out of the UK - just a giant scam that brings in thousands every day and never pays out.
Complete scam thye have changed their name to fundededgetraders.com since it seems to mant bad reviews were hurting their business model. I was lucky and my Credit Card company refunded me everything I paid them. But please stay away from their new site and their Company Algo X. You will never receive a dimw from them.
Scammed, never received payout (over 40 days of waiting). Always a problem, and always told to wait 5-7 business days. No one has ever shown a real proof of payment either, always just the certificate. DON'T USE - DON'T TRUST - DON'T GIVE PERSONAL INFO
Smokescreens and lies. Excellent scam. I fell for it and parted with cash. You will never see a penny back.I don´t need to repeat what other recent reviewers have already written as my experience is the same. Loads of sweet talk, trying to get you to scale up (parting with more money) and no payments. Just false screenshots of payments from a prop firm that really only exists in fantasyland. AVOID like the plague.
I have been scammed by this people. I was convince to buy multiple pro account worth almost $3 Million. Each account is $400,000 worth £1,250 to purchase. My account were passed and was due for pay out according to them on the 2nd Sept 2025.Since I requested for payment which total over $215,000 based on over 5 or 6 funded accounts which up till now I am yet to be paid.I get messages that they are doing internal checks and all the time, every 7 days pop up. We have been moving every 7 days since 2nd Sept 2025.I am now convinced that these people people are fraudulent. I have multiple challenged accounts on their platform that have passed and due for multiple playout but the very first pay-out is still outstanding.I am done with this company, Please stay away.
It's been over 90 days now and I haven't received a penny! I waited 35 days for AlgoPlus to pass a 200k challenge using Fundedelitetraders prop firm, 35 more days for them to trade my real live acct. Than I waited the 5-7 days for processing and when it was time for my payout, all of a sudden they had tech issues and other setbacks. It's been a month since I should have been paid and now I keep getting the run around again. I eventually put two and two together and came up with how their scam operation works. 1st, Algo plus rips you off through challenge purchases and constantly entices you to keep buying more and more fake challenges, while they pretend trade using a fake prop firm called Funded Elite Traders (FET) who changed their name to Funded Edge traders to disassociate themselves from FET due to bad reviews. 2nd, after you purchase several fake challenges, they charge your bank account around $30 a month for an Add-on "FastPass" service under Fanbasis in order to "supposedly" trade more efficiently. And while you wait 80 plus days, any kind of future refund or dispute becomes too far gone! 3rd, they continually give you the run around with payout promises to keep you from submitting any bad reviews online so they can continue their scam operation! I feel bad because they prompt innocent people like you and me to give positive video feedback during their "fake challenge" experience on their Telegram page, so they can gain more more credibility to others on their "managed clients" page. I feel sorry when these people end up not getting paid the THOUSANDS of DOLLARS they are expecting and end up getting SCAMMED like the rest of us!! UPDATE!!!I received multiple ads on YouTube of a similar management company called "AlgoOne", DO NOT TRUST THEM! If you get on their Telegram page, they work with Quantum Trading prop firm and Quantum has an individual support channel and it happens to be FET's support page! I clicked on Quantum's support link and I was routed to the last freaking argument where I had left off with FET!
So still no money and algo x said I would get a refund after 1.5 months if Funded Elite Traders didn’t pay which is today, after requesting a refund I’m now being told I have to wait until 2 months which is 15th October!! Both of these companies are scammer and keep moving the gate posts to make you believe you will get something back. I have now got solicitors involved who deal with Crypto and FX scams hopefully I’ll get my money back. Please do not listen to their lies or trust them they are just scammers banking on you paying for an account.
SCAM SCAM SCAM FUNDEDELITERADERS are fake and probably doing the same thing again under a different name Be warned - the signs are there from the beginning - I did this as an off chance, as it seemed it might be ok - but always kind of knew it would be fake ...They are very slick in their approach once you make contact with them -- not being overly greedy etc .Here are the signs Gerard says he is CEO of Algo X -- that has a bad smell about it They would not send me login details for an MT4 -- too late anyway as I paid by nowI watched the dashboard and not a single losing day in 35 days !!!The growth in my account does not correspond to the Saturday announcementsThey have a referral board with many being referred each week, but they only have 24 managed clientsThey called me brother !!! Although the website looked okish it seemed basic and did not 'feel' rightThey have gone to a lot of work to scam people out of a few hundred quid --Once challenge completed - SCAM all the way First, I had to wait 7 days for payout -- balonyThen there was a problem so I had to wait another 7 days as they will do it manuallyIn the meantime they gave me double the free accounts -- so i now have 600k in accounts -- none of them with a losing daythe saturday eve chat is all Ai generated as the guy is just reading it -- but it is AIThen there was a problem with my crypto wallet -- Baloney!So they want my bank details -- BalonyThey answer saying money is coming but it never comes -- total scam --- AVOID This is a definite and absolute scam - do not go near this or any of their other so-called companiesThis is a genuine review and not like the fake positive ones above ---
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