Fundedelitetrader 

I started with them in the month of May and after supposedly passing the challenge, they started trading. I went as far as paying for more accounts with a value of $1,200,000. For over three months, they have promising to pay but after each deadline, they come up with the same stories of payment processing issue confirming what others have said that they are scammers. If possible, I would have rated them zero star. Am compiling all evidences to report them to the appropriate authorities

After 4 months fighting for my payout, i'm still waiting for it. they keep using excuses to not paid. it is the biggest scams ever.

thank you so much to people who wrote reviews i about to buy acc from these people now will look somewhere else.....

As of 10/28/2025 it appears as if these snakes have slithered back into the swamp they came from. The site has been offline for over a week, as has Algo+. I don't for a minute think Bilal has found religion and quit his evil ways, but is rather rebranding with a new name and domain to start all over again down the road. I have to say, though, it was an impressive con job.

I have been with them for months and not once have they paid me a single cent. My account shows clear profits, yet I can't get a payout, no matter how many times I ask. Four months of silence, no reply.
I am fine with my progress on Gold Rulé ınc so far. They are transparent and give me full control over my money.

They will never payout guys, I disputed and got my money back and my account was still growing which is weird then I blocked them on all Telegram and they created a new account with my email lol threatening that they will get their 30% via Invoice. They don’t have the power nor leverage they keep changing names from funded elite to funded edge now, and they are the same people as the support on Telegram don’t be fooled once you figure out there ponzy scheme they get mad and threaten you. DONT spend your money with them.

This is a fake prop firm. It doesn't exist.

They will never pay. I had more than 1 account through a scam company called AlgoXAI that promise to pass your challenge and manage the funded accounts.

You eventually get to the point where payout is due, but the so called prop firm will not pay, because it doesn't exist.

It is my believe for good reason, that it is a scam set up by AlgoxAI.

Their website has closed now, and they run under a different name called Funded Edge Traders. They have been stupid enough to keep the same logo and website layout

It's been over 90 days now and I haven't received a penny! I waited 35 days for AlgoPlus to pass a 200k challenge using Fundedelitetraders prop firm, 35 more days for them to trade my real live acct. Than I waited the 5-7 days for processing and when it was time for my payout, all of a sudden they had tech issues and other setbacks. It's been a month since I should have been paid and now I keep getting the run around again. I eventually put two and two together and came up with how their scam operation works. 1st, Algo plus rips you off through challenge purchases and constantly entices you to keep buying more and more fake challenges, while they pretend trade using a fake prop firm called Funded Elite Traders (FET) who changed their name to Funded Edge traders to disassociate themselves from FET due to bad reviews. 2nd, after you purchase several fake challenges, they charge your bank account around $30 a month for an Add-on "FastPass" service under Fanbasis in order to "supposedly" trade more efficiently. And while you wait 80 plus days, any kind of future refund or dispute becomes too far gone! 3rd, they continually give you the run around with payout promises to keep you from submitting any bad reviews online so they can continue their scam operation! I feel bad because they prompt innocent people like you and me to give positive video feedback during their "fake challenge" experience on their Telegram page, so they can gain more more credibility to others on their "managed clients" page. I feel sorry when these people end up not getting paid the THOUSANDS of DOLLARS they are expecting and end up getting SCAMMED like the rest of us!! UPDATE!!!
I received multiple ads on YouTube of a similar management company called "AlgoOne", DO NOT TRUST THEM! If you get on their Telegram page, they work with Quantum Trading prop firm and Quantum has an individual support channel and it happens to be FET's support page! I clicked on Quantum's support link and I was routed to the last freaking argument where I had left off with FET!

This company is a scam scammed me out of $700 with 5 kids giving false hope

This prop firm are a total scam. They work with algo plus. I believe they own algo plus. The firm customer support keep posting you from one week to the other. At the final day after 32days of pursuing my payout, they suddenly stop responding. I contacted algo plus they also could not respond. They are just there to steal customer money from the purchase. Run for your life 🏃‍♂️ . Don't be lured with 20 or 30% they claim to cover the purchase fee.

Just filed a complaint with the CFTC these scammers are going down. I will also file in the UK with FSA

I suggest everybody file as well. He's complaints, including the FTC.

Fundedelitetraders, AlgoX, GeminiOne Algo are scammers and will be dealt with...
My experience is the same as everyone else who never received a payout and where told multiple lies. They are scammers. I never referred anyone because I was waiting for a payout first. I also new how long I had to dispute with Amex so when it was obvious that I wasn't getting a payout I disputed and got back my total of $4200. I was funded 1.2Mil. The fake accounts are still running. Even the bonus accounts they gave me, which are fake as well. I've reported them to the NY State Attorney General's office, local police, FBI internet crimes bureau, FTC and BBB. Don't worry people, they will eventually be caught. I constantly report them Telegram everytime a new scam message comes out. They will be caught. They have the new scam also, GeminiOne Algo.

Fundedelite traders.com prop firm and ALGOX are MAJOR SCAM SCUM BAGS! I spoke with Norman at ALGOX in May, 2025. I purchased the 100k account. I withdrew my money on August 12th. Fundedelite told me I have to wait 7 days for trade verification.
I supposed to get my payment on August 17th. Didn't get payment.

I then get a BULlSHIT EXCUSE that they couldn't send payment to me because they have issues processing my payment.

Then they gave me another date for August 28th. Still didn't get my payment. They gave me another BULLSHIT EXCUSE. Their website is down so they can't process my payment.

Then they give me another date September 12th. Still no payment. They gave me another BULLSHIT EXCUSE. They have a Backlog.

I reached out to Norman. Supposedly he is a manager with ALGOX. He promised me that if I don't receive my payment by September 15th then he will Refund me and give me $2000 dollars per account. I have 2 accounts so $4000 is due to me. I still never got a REFUND nor $4000 dollars.

It is all a LIE and BULLSHIT PROMISES!

It is 2 months now and still No Payment from Fundedelite traders.com

I have filed a FRAUD SCAM with my credit card company. I got my money back!

Stay away from FUNDEDELITETRADERS.COM and ALGOX !!!!!

I want to warn everyone about FundedEliteTraders and AlgoX. They claim to help traders pass funded account challenges and say they’ll only get paid after we receive our payout. They promise 40% of the payout, which sounds fair — so I joined.

I purchased $200K and $400K funded accounts and spent around $1,800 in total. I successfully passed the challenge, and my first payout was scheduled for August 25th.

After that, everything went downhill.
• First, they said the payout would be delayed 7 business days for verification.
• Then they said it was returned and would take another 14 business days.
• Later, they claimed there was a system error and needed 10 more business days to fix it.
• Finally, they told me my payment was “ready by cheque” and “deposited into my bank account” — even though I never gave them my bank details!

It’s now clear that FundedEliteTraders and AlgoX are not two separate companies — they are the same people running two Telegram accounts to scam traders.

🚨 They are professional scammers – do not send them any money.
They will never pay you back. Avoid them completely!

I've been trying to get paid out for two months, they say I'm one of the only very few that they are having issuing payments to. The problem is, we can't find anyone who has been paid; and I brought them 4 other customers with the same issue. On just those 4 customers, they are arn't paying out a total of nearly $1,400,000 USD. Also, check their payouts - they mostly go to small foreign countries if they are even real. Check out the kid who started it out of the UK - just a giant scam that brings in thousands every day and never pays out.

Smokescreens and lies. Excellent scam. I fell for it and parted with cash. You will never see a penny back.

I don´t need to repeat what other recent reviewers have already written as my experience is the same. Loads of sweet talk, trying to get you to scale up (parting with more money) and no payments. Just false screenshots of payments from a prop firm that really only exists in fantasyland. AVOID like the plague.

Scammed, never received payout (over 40 days of waiting). Always a problem, and always told to wait 5-7 business days. No one has ever shown a real proof of payment either, always just the certificate. DON'T USE - DON'T TRUST - DON'T GIVE PERSONAL INFO

I have been scammed by this people. I was convince to buy multiple pro account worth almost $3 Million. Each account is $400,000 worth £1,250 to purchase. My account were passed and was due for pay out according to them on the 2nd Sept 2025.

Since I requested for payment which total over $215,000 based on over 5 or 6 funded accounts which up till now I am yet to be paid.

I get messages that they are doing internal checks and all the time, every 7 days pop up. We have been moving every 7 days since 2nd Sept 2025.

I am now convinced that these people people are fraudulent. I have multiple challenged accounts on their platform that have passed and due for multiple playout but the very first pay-out is still outstanding.

I am done with this company, Please stay away.

SCAM SCAM SCAM
FUNDEDELITERADERS are fake and probably doing the same thing again under a different name

Be warned - the signs are there from the beginning - I did this as an off chance, as it seemed it might be ok - but always kind of knew it would be fake ...

They are very slick in their approach once you make contact with them -- not being overly greedy etc .

Here are the signs

Gerard says he is CEO of Algo X -- that has a bad smell about it
They would not send me login details for an MT4 -- too late anyway as I paid by now
I watched the dashboard and not a single losing day in 35 days !!!
The growth in my account does not correspond to the Saturday announcements
They have a referral board with many being referred each week, but they only have 24 managed clients
They called me brother !!!
Although the website looked okish it seemed basic and did not 'feel' right
They have gone to a lot of work to scam people out of a few hundred quid --

Once challenge completed - SCAM all the way
First, I had to wait 7 days for payout -- balony
Then there was a problem so I had to wait another 7 days as they will do it manually
In the meantime they gave me double the free accounts -- so i now have 600k in accounts -- none of them with a losing day
the saturday eve chat is all Ai generated as the guy is just reading it -- but it is AI

Then there was a problem with my crypto wallet -- Baloney!

So they want my bank details -- Balony

They answer saying money is coming but it never comes -- total scam --- AVOID

This is a definite and absolute scam - do not go near this or any of their other so-called companies

This is a genuine review and not like the fake positive ones above ---

So still no money and algo x said I would get a refund after 1.5 months if Funded Elite Traders didn’t pay which is today, after requesting a refund I’m now being told I have to wait until 2 months which is 15th October!! Both of these companies are scammer and keep moving the gate posts to make you believe you will get something back. I have now got solicitors involved who deal with Crypto and FX scams hopefully I’ll get my money back. Please do not listen to their lies or trust them they are just scammers banking on you paying for an account.