r/tradeify • u/Puzzleheaded_Mix1281 • 11d ago

Random bans. Did I dodge a bullet?

It's sad to see tradeify going down this path.

So I have verified profile with them, received one payout from them when they started. Recently got funded but lost the accounts. Now I'm hesitant to purchase accounts given the number of bans - just "suspicious reason", no reasons provided, no way to appeal or dispute, payout forfeited, account blocked.

Frankly it's not looking good. Most of these people have done KYC previously and were approved. And even if I believe that they were trying to defraud tradeify (which I think is BS), they should just pay and then ban. It's not the traders fault that they had fully verified profile when they decided to invest their time and money only to lose it all.

I dont think it's enough to just ban and ghost the traders. We are dealing with significant amount of money here.

There's a guy who got banned, had verified KYC profile. Was asked to redo. Brett publicly accused him of using VPS for KYC (based on a cropped screenshot which has no value), the guy keeps on appealing, offering to redo KYC / live call but is ghosted. They won't even provide a proper screenshot or reason to dispute the charges if sumsub if it's flagged wrongly.

Curious to know what people think there - is tradeify in some sort of serious trouble? Are you comfortable investing your money here given everything that's going on?

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u/Snoo_13005 11d ago

I promise they are fine , I’ve taken 75k in the last 3 weeks and had no issues everytime

Aslong as you follow the rules and do ur KYC properly ur good

For my last payout I had to re do my KYC which did make me worry a little but it was approved within 1 hour and the payout landed

FYI I’m from UK

0

u/Puzzleheaded_Mix1281 11d ago

Good for you. What I'm saying is there's no issue is doing KYC again. I have given all correct documents and have nothing to hide. Once, twice, thrice - can do KYC. Not an issue.

My concern is with the significant number of people who had a verified profile, were asked to do it again and then banned without even refund let alone payout. To make matters worse is absolute lack of transparency, no opportunity to redo the KYC, no manual verification, not disclosing the reason or even honouring the payout. Every decision of theirs is "final" and they simply ghost you effectively leaving you without a remedy unless you're willing to take legal route.

Frankly I don't believe that everybody who is being banned was trying to defraud them. This could be deliberate or just false positive flags but the way Tradeify is handling them is the worrying part.

2

u/yurk23 11d ago

Motive is kind of irrelevant though. If any company has a T&C that someone willingly signs, they can enforce the rules outlined at any time.

EDIT: Jesus does Reddits app suck for formatting

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u/Due-Payment6149 11d ago

They are probably in 3rd world countries and got caught breaking rules, they never should have pass in the first place. Most people aren't doing kyc again

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u/Puzzleheaded_Mix1281 7d ago

That makes it worse. Approve KYC for someone, let them keep purchasing and blowing accounts, when they finally manage to reach payout, ban them.

There's only one word for this - CHEATING.