A trader on X (formerly Twitter) under the handle @edgedgambling has accused proprietary trading firm ThePropTrade of rejecting a $30,000 payout and terminating his funded accounts, sparking renewed scrutiny of payout transparency within the prop trading sector.

According to the trader, after generating profits while following all stated rules, he was blocked by the firm’s CEO, removed from Discord, and locked out of his trading dashboard. He also alleged that previous Telegram messages with the company were deleted following the dispute.

The trader claims his relationship with ThePropTrade extended beyond ordinary participation—he reportedly contributed significantly to the firm’s early growth, bringing in over $200,000 in sales and helping build much of its current client base.

Disputed Restrictions and Payout Denial

He further stated that his prior $18,800 payout was processed without issue, but when he secured a larger $30,000 profit, the firm introduced a new 1% maximum risk-per-trade limit that was neither listed in the FAQ nor previously communicated. Despite adhering to this rule and maintaining compliance, his payout request was denied, and both funded accounts were breached.

The trader alleged that ThePropTrade routinely bans or restricts traders who reach the payout stage or generate high profits, describing such treatment as a recurring issue.

Community Reactions and CEO’s Role

In replies to the post, other traders voiced frustration, noting that payout disputes have become increasingly common among smaller or newer prop firms. One response criticized the decision to promote a relatively new company, suggesting the firm may have achieved its initial growth goals and could now be preparing to exit the market.

In follow-up comments, @edgedgambling said he initially trusted the firm due to the CEO’s decade of FX industry experience as listed on LinkedIn. He added that the CEO had recently discussed plans to launch new platforms and challenge models, stating that the firm would review operations in four to six months and issue refunds or payouts if things failed to improve.

However, he now believes the situation has worsened and expressed doubt that ThePropTrade will fulfill its payout or refund promises, suggesting the company is relying on its upcoming cTrader integration and new challenge models to recover.

As of now, ThePropTrade has not publicly responded to the allegations.