Zero Star - Ponzi Scheme. Yes, traders will get paid out at the expense of others.I participated in NexGen Futures Trader’s Instant Funded Account (IFA) challenge, paid for access, and successfully completed their performance requirements. Upon requesting a $2,000 payout — as advertised — I was suddenly met with silence. Instead of honoring the agreement, they retroactively invoked a new policy (sent Dec 23, 2024) that withheld my payout and reset my account.I was promised that $1,000 would go to a Live account and $1,000 would be paid to me. I received neither. After completing the challenge, NexGen fabricated new technicalities to deny me. They took $511.03 from me across three charges and refused to deliver the services I paid for or the compensation I earned.When I followed up, they ceased communication. This isn’t a real trading platform — it’s a deceptive funnel that exploits hopeful traders and profits from failure. They rebilled me even after I passed, misrepresented my account status, and used vague rules to cancel my progress.I’ve filed formal complaints with PayPal and the CFPB. Do NOT send them your money. This is a modern Ponzi scheme built on simulated access and fake payouts. I have full documentation and am happy to share it with other victims or regulatory authorities.Reply to the nonsensical comment:1. It must be difficult having a conversation with an educated person.2. You took my money and explicitly talked about AUD and SHOW accounts. I have the emails for anyone to view. You never mentioned my IFA accounts, which you were monitoring.3. You conveniently deleted my accounts and access to previous chats. It is a good thing that I am EDUCATED and kept my own stats.4. Yes, I have the e-mail from your "support". I was met with silence because my email was NOT replied to nor my calls. 5. My IFA was CLOSED because I met the criteria to receive funding, which from YOUR fraudulent site states that half go into the illeged live account and half to the trader.To reiterate the false claim: they had a conversation about my AUD and SHOW accounts and NEVER mentioned my IFA. I received 3 emails about USTT violations.Forward note: My bond trading strategy works well in a LEGIT firm with a REAL live account. What is that saying, " Past Performance is no Guarantee of Future results." If my strategy did not work then how did I pass the illeged AUD and SHOW accounts.... yeah like I said. You have no recourse.Funny how you are trying to sound like you are the victimSidenote: FTC and CFPB ... Ponzi schemeFact is you took my money and closed my account, black my emails, when I earned a payout, which would have been my first in this arena. SO no won't stand for that type of nonsense.
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Nexgen Futures is here to help all traders earn funding in the futures market. With our industry leading low cost plans, we target success for our traders. When a trader reaches the Live stage, there are no hoops to jump through like all other prop firms. Nexgen enables 1 day payouts on unlimited profits, no consistency rules, and also pays out milestone bonuses. See more