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(ORIGINALLY IN RESPONSE TO DCA POST BUT WANTED BIGGER FORUM)
You will not. I submitted my request May 20, it took them 10 days to deny me and send a message explaining DCA was the reason. Despite the fat man ceo and his sweaty reassuring everyone we were all fine...we are not.
I'm a late arrival to _PEX and the prop shop gig but have a few accounts across a couple of firms. I have been trading personal capital for over a decade across various markets and instruments. It would have been nice to see them when they were "functional" and not just beholden to a few influencer scums.
These "influencers" of note a certain Polish fellow bawking about alpine and how much his car is going to cost, who i troll constantly because hes little more than a gambler with the worst tone and voice for broadcasting ever. Kinda like a classy Borat if such a thing were possible. He explained his strategy numerous times even mocked at how easy it is and how he has new accounts ready to replace the blown ones and how stupid everyone else was for not doing it (turns out everything he did previously was a scam or violation of rules). He claims to have changed and makes weird videos about compliance on top of his normal shilling.
A certain fellow with the name Matt, guily of many many violations but because he is/was a poster boy for the prop industry and had 200k waiting for final approval (oddly similar to the amount our alpine chap claims to have taken 🤔) he was approved and quickly took his lump sum grinning ear to ear promising "new risk management" and clearer terms for his trading.
There are numerous others I won't get into, but these are two huge personalities who have violated _pex and other prop firm rules and in many cases mocked others for following or being "caught".
They claim to have changed and now follow the rules perfectly, but we will see as others have said, too many red flags are all over the place. I'm currently maintaining the PA I have active with _pex as well as the evals for 1 more month but if I get another payout denied I'm canceling all. I've got 2 near passing currently in my "pipeline" but will keep them at the pass threshold until pa payout is approved. They made a whole video about how we should treat this like a business...invest in ourselves and our futures....yeah well this is how a real business goes, either get money for the hardwork and job you do or stop doing it and go elsewhere lmao.
There are a few big boys in the industry who are great and do pay and will let you know if/when a violation occurs, you know how a real firm should operate? I recommend the firms with initials TS TD and one with the letter B.
I hope everyone gets a payout approval this cycle but based on that little "early payout" scheme they tried to counterbalance the massive wave of denials that were pending I doubt the majority of us will be happy.
No worries, we are the mercenaries of capitalism, we go where the pay is. Just would be nice not to worry about being robbed by your own employer or having gains held hostage with the promise of approval next cycle only hoping to steal IP and hope their algorithms can create enough backlogs of your strategy they no longer need you before that approval ever comes. 😉
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