NEW YORK — Hundreds of traders are reporting a mass liquidation of their funded accounts by futures prop firm FundingTicks. The company issued identical breach notices over the last 24 hours, citing “IP address rule violations”—a move many in the community are calling a calculated attempt to avoid large payouts.
The Simultaneous Breach
Traders across social media and Discord have shared screenshots showing their accounts were terminated at the exact same time. The common denominator among those affected? Substantial profits.
- Timing: The breaches occurred just as numerous traders were reaching the 5-day trading window required to request payouts.
- The “IP Rule”: FundingTicks claims these traders violated security protocols by using inconsistent IP addresses. However, traders argue they have been using the same home networks since account inception.
- Payout Denials: Accounts with thousands of dollars in profit have been moved to “view-only” mode, effectively forfeiting all earned capital.
Escalating Tensions
This wave of terminations follows a week of mounting frustration. Just days ago, FundingTicks retroactively changed several core rules, including:
- The 1-Minute Rule: Invalidating profits for trades held for less than 60 seconds.
- Profit Clawbacks: Deducting thousands from account balances to match new “consistency” metrics.
- Profit Split Reduction: Lowering the payout percentage from 90% to 80% for existing funded accounts.
Market Reaction
The firm’s Trustpilot rating has plummeted as hundreds of “one-star” reviews flood the platform. Industry analysts warn that mass breaches based on technicalities like IP logs are often a “red flag” for liquidity issues within a prop firm.
CEO Khaled, who also runs FundingPips, has previously defended the firm’s integrity, but has yet to issue a formal statement regarding this specific mass breach.
