Prop firms with warnings
7 of the 52 prop firms we track carry a caution: Alpha Futures, QT Funded, AquaFunded, Funding Traders, Phidias Propfirm, Audacity Capital, FunderPro. They are still selling, but dated public sources show warning signs, mainly recent reviews reporting denied or unpaid payouts, in most cases on a Trustpilot profile whose rating Trustpilot has suspended. While a caution stands, the PA Score is capped at 4.0/10 and the firm gets no offers or best-of listings.
| Firm | Since | Why | PA Score | Sources |
|---|---|---|---|---|
| 11 of 20 newest Trustpilot reviews (29-30 Oct) report unpaid or withheld payouts; Premium-account payouts reported outstanding for months. | 4.0 PA Score out of 10formula 6.5 | 1 2 3 4 | ||
| 6 of 20 newest Trustpilot reviews (23-30 Oct) report denied or long-delayed payouts; accounts lost in a TradeLocker-to-MT5 move. | 4.0 PA Score out of 10formula 5.6 | 1 2 | ||
| Trustpilot rating suspended (fake reviews removed); 13 of 20 newest reviews report denied payouts or accounts closed at payout. | 4.0 PA Score out of 10formula 6.6 | 1 2 | ||
| Trustpilot rating suspended (fake reviews removed); 10 of 20 newest reviews report denied or delayed payouts. | 4.0 PA Score out of 10formula 6.6 | 1 2 | ||
| Trustpilot rating suspended (fake reviews removed); reviewers report accounts banned right after a first payout request. | 4.0 PA Score out of 10formula 6.8 | 1 2 | ||
| Trustpilot ratings suspended on both profiles; 9 of 20 newest reviews (audacity.capital) report payouts refused or stuck in review. | 4.0 PA Score out of 10formula 6.9 | 1 2 3 4 | ||
| Trustpilot rating suspended (fake reviews removed); 7 of 20 newest reviews report payouts denied under margin-usage or IP rules. | 4.0 PA Score out of 10formula 6.0 | 1 2 |
Sources are linked by number. These are reports from the sources, not findings by PropAnalyse. Firms that have shut down are on closed prop firms.
When a firm gets a caution
- Trustpilot has suspended the firm's rating ("rating is unavailable due to a breach of our guidelines" / fake reviews removed) AND recent reviews report denied, unpaid or delayed payouts.
- At least 5 of the 20 most recent Trustpilot reviews describe the reviewer's own payout being denied, cut, left unpaid or long delayed, or the account closed at payout request.
- A regulator or court has taken public action against the firm (warning, cease-trade order, asset freeze or similar).
While it stands: PA Score capped at 4.0 (formula score shown alongside), ranked below every active firm, no offers, promo codes or best-of listings, Visit buttons labelled “Visit (caution)”, and the badge shows Caution. Full rules on the methodology page; firms can request a review.
Alpha Futures Caution
Trustpilot’s most recent reviews (29-30 Oct 2026) are dominated by traders reporting approved payouts left unpaid, especially on discontinued Premium accounts where reviewers say a promised October deadline was missed.
- 11 of the 20 most recent Trustpilot reviews (posted 29-30 Oct 2026) report unpaid, delayed, rejected-after-approval or withheld payouts (checked 31 Oct 2026). Source, 31 Oct 2026
- Several reviewers say approved Premium-account payouts have been outstanding for months and that Alpha Futures said they would be cleared by October; one cites 8 months, another says 'hundreds of affected traders'. Source, 30 Oct 2026
- Page 2 of Most recent (next 20 reviews, posted 29-30 Oct 2026) has at least 7 more payout complaints, e.g. an approved payout 'Still Missing After 3 Weeks'. Source, 31 Oct 2026
- Trustpilot shows a 'You should know' notice: “This company may be associated with high-risk investments.” Score still 4.3 from 6,242 reviews (85% 5-star, 10% 1-star); the firm invites customers to review (checked 31 Oct 2026). Source, 31 Oct 2026
Firm response: Trustpilot reply (shown 'Updated 11 hours ago' on 31 Oct): “Alpha Futures does not reject payouts or restrict accounts without a reason.” Says the account was restricted after its risk team found an IP match with another user, and new detection can flag links to past accounts. No public statement on Premium payouts found in the help centre (help.alpha-futures.com). alpha-futures.com itself returns 403 to this host.
QT Funded Caution
QT Funded’s most recent Trustpilot reviews (23-30 Oct 2026) include repeated reports of denied or long-delayed payouts, alongside accounts closed or lost during a TradeLocker-to-MT5 migration.
- 6 of the 20 most recent reviews (posted 23-30 Oct 2026) report payouts denied (e.g. 'high margin usage') or held for months. Others report Master/funded accounts denied after passing (3) and accounts read-only/missing after the MT5 migration (3+). Source, 31 Oct 2026
- Trustpilot shows 3.5 from 13,369 reviews (73% 5-star, 20% 1-star), with no suspension banner (checked 31 Oct 2026). Source, 31 Oct 2026
AquaFunded Caution
Trustpilot has suspended AquaFunded’s rating for breaching its guidelines and removed fake reviews, and 13 of the 20 most recent reviews report denied payouts or accounts closed at payout request.
- Trustpilot shows: “This company’s rating is unavailable due to a breach of our guidelines.” and “We’ve removed a number of fake reviews for this company.” No date shown (checked 31 Oct 2026). Source, 31 Oct 2026
- 13 of the 20 most recent reviews (posted 6-30 Oct 2026) report payouts denied, cut or unpaid, or accounts blacklisted after a payout request (copy-trading / reverse-trading / news-rule / floating-loss reasons cited). 1-star share is 40% of 1,198 reviews. Source, 31 Oct 2026
Funding Traders Caution
Trustpilot has suspended Funding Traders’ rating for breaching its guidelines and removed fake reviews, and half of the 20 most recent reviews report denied or delayed payouts or accounts terminated at payout request.
- Trustpilot shows: “This company’s rating is unavailable due to a breach of our guidelines.” and “We’ve removed a number of fake reviews for this company.” No date shown (checked 31 Oct 2026). Source, 31 Oct 2026
- 10 of the 20 most recent reviews (posted 12-31 Oct 2026, company replies excluded) report payouts denied, delayed or withheld, or accounts terminated after a payout request. One reviewer lists $18,137.74 denied across three accounts. 1-star share is 24% of 3,283 reviews. Source, 31 Oct 2026
Firm response: The firm replies on Trustpilot (13 replies on page 1). To one payout complaint it wrote: “Your review contains claims that are purely false and misleading,” saying its Risk Department flagged “Self-Reversing Positions, which is categorized as Cross-Account Hedging.”
Phidias Propfirm Caution
Trustpilot has suspended Phidias Propfirm’s rating for breaching its guidelines and removed fake reviews, and recent reviewers report accounts blocked or banned right after their first payout request.
- Trustpilot shows: “This company’s rating is unavailable due to a breach of our guidelines.” and “We’ve removed a number of fake reviews for this company.” No date shown (checked 31 Oct 2026). Source, 31 Oct 2026
- 4 of the 20 most recent reviews (posted 6 Aug-28 Oct 2026) report payouts denied or accounts blocked/banned right after a payout request. Another (18 Oct) reports a forced move to LIVE that closed 9 paid evaluations. 1-star share is 34% of 337 reviews. Reviews are low-volume (20 reviews in about 12 weeks). Source, 31 Oct 2026
Audacity Capital Caution
Trustpilot has suspended the ratings on both AudaCity Capital profiles for breaching its guidelines and removed fake reviews, and 9 of the 20 most recent reviews on the active audacity.capital profile report payouts refused, voided or stuck in review.
- Trustpilot shows on audacity.capital (291 reviews): “This company’s rating is unavailable due to a breach of our guidelines.” and “We’ve removed a number of fake reviews for this company.” No date shown (checked 31 Oct 2026). Source, 31 Oct 2026
- Trustpilot shows the same banner on www.audacitycapital.co.uk (1,059 reviews): “This company’s rating is unavailable due to a breach of our guidelines.” / “We’ve removed a number of fake reviews for this company.” (checked 31 Oct 2026). Source, 31 Oct 2026
- audacity.capital: 9 of the 20 most recent reviews (posted 11-30 Oct 2026) report payouts refused, voided after review, cut, or 'under review' past the stated window. 1-star share is 40%. One reviewer asks whether the firm is 'experiencing financial difficulties'. Source, 31 Oct 2026
- audacitycapital.co.uk (older, lower-volume profile): 3 of the 20 most recent reviews (5 Jun-22 Oct 2026) report payouts rejected or not paid. 1-star share is 12%. Source, 31 Oct 2026
FunderPro Caution
Trustpilot has suspended FunderPro’s rating for breaching its guidelines and removed fake reviews, and recent reviews include several payouts denied after funded profits under its margin-usage and IP rules.
- Trustpilot shows: “This company’s rating is unavailable due to a breach of our guidelines.” and “We’ve removed a number of fake reviews for this company.” No date shown (checked 31 Oct 2026). Source, 31 Oct 2026
- 7 of the 20 most recent reviews (posted 1 Sep-30 Oct 2026, company replies excluded) report payouts refused or profits removed, citing the 20% margin-usage rule or 'multi IP'. 1-star share is 35% of 1,539 reviews. Source, 31 Oct 2026
Firm response: Trustpilot reply: “FunderPro does not deny payouts arbitrarily. All payout requests are subject to a review of the relevant account activity and compliance with our Terms & Conditions, with the same process applied across traders.”
FAQ
Which prop firms have warnings?
7 of the 52 prop firms we track carry a caution: Alpha Futures, QT Funded, AquaFunded, Funding Traders, Phidias Propfirm, Audacity Capital, FunderPro. They are still selling, but dated public sources show warning signs, mainly recent reviews reporting denied or unpaid payouts, in most cases on a Trustpilot profile whose rating Trustpilot has suspended. While a caution stands, the PA Score is capped at 4.0/10 and the firm gets no offers or best-of listings.
Does a caution mean the firm is a scam?
No. A caution means dated public sources show warning signs, which we link to. We do not call a firm a scam or fraud unless a regulator or court has said so.
How does a firm get off the caution list?
A caution is lifted at the first 30-day re-check where no trigger holds. Firms can ask for an earlier review with evidence through the For prop firms page.
Should I buy a challenge from a firm with a caution?
Read the evidence and the firm's payout rules first. If you go ahead, buy the smallest account, request a payout as soon as you are eligible, keep records, and pay with a method that has chargeback rights.