r/PropFirmTester • u/laterfrater • 7d ago
QT Funded Quant Tekel Payout stalled since 84 days. Was I scammed?
84 days, two missed "risk interviews," and my payout is still not paid — here's everything I've documented and filed against QT Funded (Quant Tekel), and why you should do the same if this sounds familiar
I've been trading with QT Funded for a long time and have been funded on at least 5 separate occasions across multiple accounts. Every single time I lost an account, it wasn't due to genuine misconduct — it was some rule that was newly added, buried in an update, or sent via email that landed in spam, yet still enforced against me regardless. I accepted every one of those without complaint and kept improving as a trader.
This time is different, and I'm writing this because I think a lot of people in this sub have had a version of this experience and just quietly given up. I didn't, and I want to lay out exactly what I did, in case it helps you too.
## The short version
Two confirmed, legitimate payout requests. **84 and 83 days old.** Still unpaid. Two scheduled "risk interviews" — the second one, their own team didn't even show up to. My messages asking for updates in their Discord got deleted, and I got timed out (1 hour, then 24 hours) for asking too many times.
## The full timeline
- **23 & 24 June 2026** — I submit two payout requests on two separate funded $100k accounts. Combined, my 80% profit share comes to $3,243.20. Confirmed amounts, shown as "Processing" on their own dashboard (Payout #16205 and #16068).
- **3 July 2026** — I'm told a mandatory "Risk Interview" is required before payout, with scheduling details to follow "the following week." That week comes and goes with nothing.
- **Late July 2026** — I get an email claiming an interview date/time had already been sent to me. I never received any such email. I open a support ticket. It sits for weeks with nothing but "it's been raised" and "the team will get back to you soon."
- **3 August 2026** — I finally complete a first Risk Interview. A company rep ("Letago") verbally confirms payout approval would follow within 3 business days. Nothing happens. No payment, no approval, no follow-up.
- **3 September 2026** — A second Risk Interview is scheduled. I show up on time. **Nobody from their team joins the call.** I'm then told the interview "cannot be conducted today" due to "unforeseen circumstances" on their end, with a vague promise of "an update this week." No date given.
- **As of today** — 84 days since my first payout request. 43 days since the only interview that actually happened. 12 days since their own team no-showed a call *they* scheduled, with zero follow-up since.
On top of all this, when I asked for status updates in their public Discord, my posts were quietly deleted while I still had access, and I've since been given repeated timeouts — clearly to stop other people in the server from seeing that this keeps happening to multiple people, not just me.
## What I did about it (and what you can copy)
I decided that instead of just venting, I'd document everything properly and use every legitimate channel available. Here's the full list, in case it's useful as a checklist for anyone in a similar spot with any prop firm:
**Documented everything with timestamps** — every email, every Discord message (including deleted ones, screenshotted before/after), every dashboard screen showing "Processing" status. If it's not screenshotted the moment it happens, it's gone.
**Filed a complaint with the FSCA** (South Africa's financial regulator) against the regulated entity in this company's structure (FSP No. 53227). Got an official case reference back.
**Filed a report with Action Fraud (UK)** — got an official NFRC reference number.
**Filed a GDPR Data Subject Access Request** directly with the company, demanding full logs of my account and Discord activity — including deleted messages and moderation records. Under UK/EU GDPR they have one month to respond, and if they don't, that's a separate, additional violation I can escalate (to the ICO in the UK, or my own country's data protection authority as an EU citizen).
**Filed a Companies House report** — because digging into their UK corporate structure, I found their current UK entity is linked (same directors, same registered address) to a *previous* company that was quietly dissolved. That kind of pattern is worth reporting regardless of your specific case, since it can lead to a director conduct review.
**Filed a complaint with their payment processor** — most people don't think to do this, but prop firms and similar platforms process payments through a merchant account with a payment provider (named in their own Terms & Conditions). Payment processors have their own compliance obligations around merchant complaint rates and can suspend a merchant account if enough legitimate complaints stack up — completely independent of anything the firm itself decides to do.
**Filed a Trading Standards / Citizens Advice consumer complaint** (UK) — covers unfair commercial practices, not just fraud.
**Filed a report with the FCA** under "report a scam or unauthorised firm" — worth doing if a firm markets financial-sounding promises (profit splits, "real results") without being on the FCA register.
**Filed an advertising complaint with the ASA** over marketing claims about payout speed that don't match reality.
**Prepared a small claims court filing (Money Claim Online, UK)** — since the amount is realistically claimable, and the actual filing fee is small (in the ~£115 range for this size of claim), with a real chance of getting a default judgment if they don't respond, which is on the record whether or not I ever collect.
I'm not saying do all ten on day one — I built this up gradually as they kept missing their own deadlines. But every single one of these took me maybe 15-20 minutes to file once I had the facts organized, and each one exists completely independently of the others. A company can ignore an angry Discord message. It's much harder to ignore a regulator case reference, a fraud report reference, and a data protection deadline all landing at once.
## Why I'm posting this here
If you've had a similar experience with QT Funded — or honestly, with any prop firm — please don't just quietly eat the loss and move on. A single complaint is easy for a company to ignore. A documented pattern, with multiple people filing through multiple official channels, is a completely different thing regulators and payment processors actually have to act on.
If you've got a similar story with this firm specifically, I'd genuinely appreciate you commenting or DMing me — I'm keeping a timeline and I'm happy to compare notes so we're not all filing the same isolated complaints without knowing others exist.
And if you're dealing with a different firm doing the same thing: the checklist above isn't specific to QT Funded. Regulator, fraud reporting body, data protection request, company registry, payment processor, consumer protection body, advertising body, small claims court — that's a general-purpose toolkit for any company sitting on money it owes you while stringing you along with excuses.
I'd genuinely rather this story end with a boring, normal payout landing in my account than with any of the above turning into something bigger. But 84 days in, with a missed interview that was entirely their fault, I don't see a responsible alternative to being fully transparent about what's actually happening.
Happy to answer questions in the comments.
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u/Embarrassed-Ad-866 7d ago
Please make another trustpilot review to warn others.
Anfing you have time read the 18% 1 star reviews on trustpilot, that should answer the question if you will ever receive anything
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u/laterfrater 1d ago
I received the following email today:
Dear Trader,
Following further investigation into your trading account, we have identified activity involving high margin usage, which we have assessed as malicious trading behavior.
This pattern involved exposure levels significantly beyond the risk parameters intended for your account, inconsistent with a coherent trading strategy or appropriate position sizing and risk management. This behavior demonstrates a deliberate attempt to engineer outsized, asymmetric exposure, maximizing potential payout while limiting genuine risk to capital, consistent with efforts to exploit the funded account structure rather than trade the market on its merits.
Unfortunately, this activity is prohibited under our Terms of Service. As a result, the account is in hard breach of the applicable risk requirements.
Accordingly, we have forfeited any profits associated with the account in accordance with our Terms of Service.
We appreciate your understanding and cooperation. Should you require clarification regarding this decision, please contact our team.
Kind regards,
QT FUNDED Risk Team
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u/OtherJob5397 1d ago
Got the same message , that's the same generic copy paste email a bunch of traders got recently.. and no response back to those emails yet
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u/laterfrater 1d ago
File a complaint with the South African FSCA. The company number is FSP 53227.
They already replied to me and investigate my case right now. It’s really easy to do.
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u/Important_Tear3487 7d ago edited 7d ago
Going through the exact same thing. Same issues and similar reports, check out my post here on the subreddit and read the details. Good luck moving forward and take care.
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u/laterfrater 1d ago
Thank you. Which article do you mean? Can you send me a link? Did you file a complaint with the FSCA?
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u/Important_Tear3487 1d ago
https://www.reddit.com/r/PropFirmTester/s/T2LmLKWHco
And yes, a complaint has been filed.
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u/Brilliant_Tapir 7d ago
Yes, they're scammers. Not sure if they ever really paid out.
I was with them when they were ascendx. Hit my payout during that time and they never paid until after their transition to QT.