Sharing my experience in case it helps someone else
AlgoX presents itself as a day trading company connected to a prop firm. After completing the challenge phase and waiting the required 35 trading days, I submitted a payout request.
I was repeatedly told the payout was being processed. A few days later, I received a message saying they were temporarily unable to send funds through my selected payment method and asked me to choose another option such as bank transfer, crypto, or PayPal. I selected alternative methods, but no payment was ever sent. The same explanation kept being repeated, and communication eventually stopped.
After looking into this further, I contacted Soulagement LLC and provided screenshots and records of my interactions. Based on what they reviewed, I was informed that AlgoX appears to be connected to or operating under multiple other names, including FundedEdgeTraders, Check Prop Firm, FundLiteTrader, and Algo Plus.
The recouping process is still ongoing, but I’ve already been able to recover part of my initial deposit.
Posting this so others can do their own research and be cautious, especially when dealing with platforms that delay payouts while citing repeated payment issues.
Useful
+1
Reply
Reporter_R26BTV
Sign in to contact user
- Vermilion, OH, USA• Sep 04, 2025
Share
Report
Scammer's website telegram CountryUnited States Total money lost$539 Type of a scamOnline Purchase
algo X is a fake trading platform that is run by people who want you to buy their prop firm account and they will run your account for you. The prop account you buy is through fundedelitetraders.com and it gives you access to a dashboard. Everything you see is completely generated by them. Fake trades that you can see. They are running ads on social every major social media platform. I believe that they have scammed 100 to thousands of dollars from people. It is a very sophisticated scam.
Useful
Reply
AlgoX Contacts
If you know any contact information for AlgoX, help other victims by adding it!
I am Natasha Williams from Dallas. I want to share my testimony to encourage anyone who has ever fallen victim to a scam or fraud. Some time ago, I...Mar 07, 2026
this outfit calls me 2-3 times a day, leaving voicemail every time. they tell me i'm preapproved for a loan. i never applied for a loan. my advice i...Mar 06, 2026
There are a lot of complaints on this site about Thomas Montgomery, his son Aristotle (AJ) Montgomery, Business Paralegal Corporation, and some of...Mar 06, 2026
I've received a phone call about a job with Pinecrate Logistics a work from home kind of job on March 2nd from a woman named Monique Evans. First...Mar 06, 2026
I was at the airport on my way to Thailand when I was told that I needed to fill out an arrival card. The airline staff told me that I could fill it...Mar 08, 2026
this outfit calls me 2-3 times a day, leaving voicemail every time. they tell me i'm preapproved for a loan. i never applied for a loan. my advice i...9 Reports
Calls and leaves voicemail from different numbers. Vm: Hi, this is Justin calling about your line of credit approval. This is Justin Romano with the...346 Reports
My husband purchased a truck few months back and some how this company which we did not sign up with got our bank account details and started taking...1883 Reports
Received the following message from 69534: Welcome! You will now receive texts from Harris & Harris, a Debt Collector on behalf of STATE OF...2 Reports
Approval this is Mario Collins with the consumer credit department regarding missing steps related to your personal line of credit inquiry. Whenever...222 Reports
Sharing my experience in case it helps someone else
I was repeatedly told the payout was being processed. A few days later, I received a message saying they were temporarily unable to send funds through my selected payment method and asked me to choose another option such as bank transfer, crypto, or PayPal. I selected alternative methods, but no payment was ever sent. The same explanation kept being repeated, and communication eventually stopped.
After looking into this further, I contacted Soulagement LLC and provided screenshots and records of my interactions. Based on what they reviewed, I was informed that AlgoX appears to be connected to or operating under multiple other names, including FundedEdgeTraders, Check Prop Firm, FundLiteTrader, and Algo Plus.
The recouping process is still ongoing, but I’ve already been able to recover part of my initial deposit.
Posting this so others can do their own research and be cautious, especially when dealing with platforms that delay payouts while citing repeated payment issues.
Country United States
Total money lost $539
Type of a scam Online Purchase