Fundedelitetrader 

If I could give 0 stars I would as this website/company is a complete scam.

You may be asked to sign up with them by AlgoX or AlgoAutomation. They are the same people using two Telegram channels.

They have created this fake funded company and pretend to pass a challenge that doesn't exist for you. They offer to do it for free in exchange for a share of the profit. But there is no profit cos there is no prop firm. It's a fake website to get you to pay £400+ for a challenge that does not exist.

I just wish I hadn't wasted 2 months waiting to find out I had been scammed.

I have screenshots to prove its a scam, should you wish to see proof.

Scam *scam * scam*
Simple review is , They don’t pay . Dont waste your money and time on them .
Also Stay away from passing services guys who work with them , like AlgoX , Velar Automation etc . They are scammers .
Been waiting for 2 months now for payout …..

Scammers
They never gonna pay you

Scam scam scam.. they reply when you talk crap to the telegram chat lol… take it as a loss n just move on God will take care of them

This is a scam. I have been waiting on a payout for a month now. Each time i ask they say they are having payment processing issues. Stay away.

I signed up for a 200k challenge account utilizing AlgoX (aka AlgoPlus, Algo+). After passing the challenge and waiting the required 35 day to request a payout, I have requested payouts on a weekly basis for the past 2.5 months. After each request, I am told that the payment will be sent within 7 days. When following up at the completion of 7 days, I am informed that the funds will be sent the next day. The following day, they send the following message "Hey! We attempted to process your payout but unfortunately we’ve been temporarily blocked from sending funds via the payment method you selected. To avoid further delays, please choose an alternative payout method — bank transfer, crypto, or PayPal — and we’ll get this sorted for you right away. Thanks for your patience!" I have now tried all forms of payment. My guess is that they will never pay me or YOU!!!

Do yourself a favor and do not fall victim to this bogus firm (including AlgoX).

Passed my challenge and went funded and still can’t get paid.Excuse after excuse and then it come the day to receive money and nothing.Day after,Noting.Admin reads my messages and just doesn’t respond.They are now changing the company name from fundedelite to fundededge.Dont trust them.ITS A SCAMM..I just can’t believe I didn’t see this coming.I won’t stop until they can’t scam anyone else.

This is for sure the worst firm on earth i v been with them from 12th of may on live account and till now I have not received any payment the account is getting to 46k profit on 200k account but no payment and it’s 4 months now with them and no reply from them it’s a scam for sure keep away

Scam prop firm that won’t payout! Always told issue with payment try a different method, told all 3 payments would be made today 14th Oct and surprise surprise nothing!

My review is exactly what happened to Shane. I’m still waiting for payout. Is this company legitimate or is it a scam.. for sure a scam! Stay away. I have logged the payment with my payment source prior to 120 day rule which is what these scammers aim for leading you to believe that they will issue refund at a certain date. They know what they’re doing.

Doing some deep diving. The latest post on their telegram shows a guy that just received a pay out. His name is Brandon Wells. His picture if you use Google lense also finds the same exact profile picture as Liam from a dating site and another with same exact picture where his name is Hunter Hodges. This is all I needed to see that they are defrauding people with fake customers. Their videos with Gerard never has him using the words, Algo X or him, stating his name Gerard. There are many flaws you can pick up on that points to scam. There is actually no real reviews of any customer ever getting a payout. The prop firm is very suspicious as you don’t even have a spot to login to trade. They say they’re not affiliated with prop firms, but how can they trade your account then? Things Just don’t add up.

SCAM - My Experience with this company and the referring company, AlgoX (formerlay AlgoPlus) was that they were both a complete scam and waste of time. Avoid them. They operate through various Telegram channels where they can completely delete their conversations with you and you will likely have no record if you did not take screenshots. I asked them for proof that they had an EA actively trading with FundedEliteTraders, they could not provide any proof of any platform connecting them. I asked for proof of trades showing entry and exit trades, they could not show the actual trades. I tried to verify with legitimate platforms MT4 and MT5, and those platforms showed the accounts as invalid. The trading record shown on the FET site was around 95% wins which is statistically impossible over a 3 month period. Even the best documented EA's are around 83%. Their site offers no information about trading rules... I asked them multiple times to provide trading rules, they did not ever provide a link or document. The pretended to send payment but when I asked for proof of a reference number, name of financial institution or platform, they could not provide anything. The company that refers you to them, AlgoX, pretends to be a separate entity, but for some reason can see all your account activity without even needing your login credentials or passwords. Then when you start to complain about filing a complaint with authorities, they tell you that they will refund your money. Look online and you will see that the majority of threads are complaints. Maybe 2 people claiming to get paid, and when those people are asked for proof of a payment/bank deposit, they cannot provide anything. Total scam. The reason they use telegram is because they create groups that do not allow anyone to comment about how they got scammed. Entire thing is an elaborate cherade. I have many screenshots. Look at all the recent complaints posted here on TrustPilot . Nobody saying they actually got paid after all the hassle, just a lot of people saying they never got paid and wasted time. This company tries to string you along until you are past the 60-120 day mark to be able to dispute with your credit card or bank. If you paid in cash and you're past 60 days, good chance you are not getting anything back. Beware! **** Update*** they recently updated the name of their scam to “ GemeniOne , same scam just changing names now that all the reviews are stating to surface

***1000% SCAM*** I promise you these people are a scam! They are professional scammers that do a very good job at it! They are with ALGO+ or AlGOX they are always changing the name! I have so much proof that they are a scam! You can contact me and I will show you!! Please please stay away from these bastards!!! And certainly do not refer anyone to them bc you will all find out the hard way that you will never get a payout!!!! They have multiple telegram channels that make you believe that they are legit but I promise you they are not!!!! Please don’t let the money that you think you are going to get let you make the wrong decision and believe these people!!! I’m telling you know stay away from them!!!

I want to warn others about my experience with Algo X and Funded Elite Traders.

I signed up expecting professional service and reliable trading support, but instead, I feel scammed and misled. They ripped me off financially and treated me with complete disrespect. Please see the attached screenshot for an example of how they speak to their clients — it’s unprofessional, dismissive, and outright unacceptable.

Key issues I faced:

False promises: Their claims about performance and results were not delivered.

Unprofessional communication: Their responses to genuine client concerns were rude and unhelpful.

Financial loss: I was left out of pocket with no accountability from their side.

Lack of transparency: Critical information was withheld until after payment.

I highly recommend anyone considering working with them to think twice before investing your money or trust. There are far better and more reputable alternatives out there.

They try to scam me but I didn’t pay them

Scam, they don’t pay out