FlexyTrade Review: Not Your Best Pick For Prop Trading

With the prop trading industry still being relatively loosely regulated, many companies are trying to profit by abusing their traders. Today we will take a look at one fledgling prop firm that has been receiving numerous complaints lately.

Users are making serious accusations, from platform problems to denied payouts. Without further ado, let’s make a more in depth look in our FlexyTrade review.

Who Owns FlexyTrade Brand?

The FlexyTrade prop firm is owned by a company with the same name – FlexyTrade LLC. The business was established in Wyoming, USA and the firm can be found in the official state register:

According to the official information, the company was incorporated in October, 2023. That makes the firm less than a year old and it is a valid source of concern when registering with insufficiently known platforms.

What’s more, FlexyTrade Trustpilot reviews compel us to write about the overall dissatisfaction of clients who have signed up for the service. The company sports a pathetic rating of only 2.5 stars out of 5. 

Some users complain about sudden rule change, being accused of rule-breaking without any valid reason while others didn’t even receive their payouts. This is unfortunately reminiscent of less honest firms like Mainet Business.

Nonetheless, the lack of other FlexyTrade reviews, positive or negative, didn’t stop the business from setting up social network profiles and marketing their service. Therefore, you will find them on X, Facebook, YouTube, Instagram and other sites. 

FlexyTrade Reddit advertisements can also be found and they lean towards attracting newcomers with allegedly massive discounts.

FlexyTrade Platform Overview

Supported trading software, as stated on the website is  R|Trader Pro, provided by Quantower. However, the firm doesn’t have a partner broker to provide a live trading server as the entirety of the trading activities on this platform are simulated.

Since the company allows you to have up to 10 active accounts, you can choose which of these  FlexyTrade plans you wish to purchase:

For those that wish to increase their number of active accounts, there’s options for a 5 Acc Bundle:

In addition there’s also the offer for 10 active accounts but that, of course, will cost you more. What you should take note of is the discount that seems to get bigger, the pricier the package. 

Also make sure this is the service you wish to obtain, as the Refund Policy actually allows no refunds and is only named that way.

Not all trading information is made public. For example, available leverage and typical spreads are not shown, but there is information about commission rates we managed to dig up in the support section:

Once the user passes the challenge, they can get their certificate (which also costs) and verify their FlexyTrade funded account. Traders that make profit on this account are paid in accordance with their performance. 

How to Request a Payout?

There is very little information on how a FlexyTrade payout works. None of the important questions – such as payout interval, profit split, or supported financial channels are even remotely answered.

The Terms of Services document is pretty vague as well, only briefly mentioning debit cards. Take a look:

Access to the client dashboard does not instill any confidence either. While it does list various account parameters, it doesn’t explicitly state how a trader may get their money out of the platform.

Instead, you’ll have to refer to the FAQs to learn that the payouts happen at the end of each month, and that’s pretty much it.

This general informational opacity may hide ulterior motives, and may be the reason for so many FlexyTrade complaints on the web. The situation is not much different from how WFYT operates, so keep your guard up.

If you’re looking for a reliable prop trading service, stop by and see our offer as well. We’re willing to provide as much as $180,000 in funding for traders who know how to use it!

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