Fast Track Scam!
Special Episode
Hey you! Yes, you! Do you think every company that comes acorss as professional, has a jazzy website and rolls millions of dollars in revenue is reliable? Well so did thousands of FTT users until it all went horribly wrong this week! Lets dig in to the details!
Over the years, I’ve learned to ask questions, analyse numbers, and, above all, trust actions over words. It’s with that lens that we dive into the scandalous implosion of Fast Track Trading (FTT), a prop firm that promised the world but delivered chaos.
Let’s break it down. Grab a cup of coffee (or a pint), because this story is a whirlwind!
Fast Track Trading: A Glittering Beginning with a Rotten Core
On paper, Fast Track Trading (FTT) seemed like a dream come true for traders. Affordable instant-funded accounts. Disrupting the prop trading world. A promise of success for thousands of aspiring traders. They made over $31 million in revenue in 2024 alone! But, as with most too-good-to-be-true stories, the cracks began to show. How? Just look at these numbers:
Gross sales: $57,051,862.
Payouts made: $15 million.
Missing funds: A jaw-dropping $16 million.
Now, if you’re anything like me, you're wondering: where the hell did that money go, Pauli? We are about to find out by just contrast this with Apex Trader Funding, which has a proven track record of paying out traders reliably and offering clear, consistent rules.
Payout Woes: 4,000+ Traders Left in the Lurch
FTT owes payouts to over 4,000 traders. That’s thousands of people who poured time, energy, and resources into what they thought was a legitimate opportunity. Traders shared testimonials of sleepless nights, unpaid bills, and crushed dreams. Meanwhile, CEO Scott Trieste allegedly admitted on a call (yes, we have the receipts) that the funds were available but that he simply wasn’t going to pay.
It gets worse.
Leaked internal chats reveal Scott and his team arbitrarily banned successful traders for “banned strategies” to avoid paying profits.
Instead of resolving issues, Scott reportedly paid himself and his wife as the ship sank. Classy, right?
Evidence suggests Scott was actively preparing a new venture, Fast Track Capital, while FTT traders were left out in the cold.
This is where Apex Trader Funding shines. Apex doesn’t punish successful traders. We have scores of people in the discord paid out monthly! In fact, they reward them with scalable funded accounts, fast payouts, and a transparent system that prioritises trader success. If you’ve been burned by FTT, Apex offers a stable and reliable home for your trading ambitions.
Nacho’s Saga: The Trader Who Couldn’t Lose
And then there’s Nacho—a simple trader who devised a strategy that turned $2k into $12k while taking minimal losses. How did FTT respond? By accusing him of breaking rules, conspiring to ban him, and eventually denying his payouts. Internal chats show staff freaking out about Nacho’s success, calling it a “banned strategy” when, in reality, it seems he was simply too good for their business model.
Now imagine Nacho trading with Apex Trader Funding. Instead of being penalised for success, he’d have access to multiple accounts, flexible payout schedules, and a supportive team that doesn’t shift the goalposts. Apex thrives on trader success and builds trust by encouraging transparency and rewarding performance.
Leadership Gone Dark: Scott’s Vanishing Act
When the heat turned up, Scott Trieste did what any respectable leader wouldn’t—he deleted his Twitter and Discord accounts. Poof. Gone. The community was left with nothing but unanswered questions, unpaid earnings, and mounting suspicions. The rumor mill has it that Scott used client funds for personal extravagances. If true, this would make the situation not just wrong but downright criminal.
Compare this to Apex Trader Funding, which maintains open communication channels, prompt customer support, and a strong reputation in the trading community. With Apex, you’ll never be left wondering where your money is or how to reach someone for help. Their customer support has been second to none!
The Legal Reckoning: What’s Next?
Fast Track Trading’s downfall hasn’t gone unnoticed. Here’s what’s brewing:
FINRA Investigation: A private investigator is interviewing witnesses and reviewing evidence, including screenshots, audio files, and financial records.
Pending Lawsuit: Legal teams are preparing a case with 138 verified witnesses. The evidence is damning, and a lawsuit is imminent.
Bank Account Freezes: Authorities in New Jersey are working to freeze FTT’s accounts and secure a search warrant for Scott’s home and the company office.
For Scott, the clock is ticking. He’s been given 72 hours to respond to these allegations before the full force of legal action comes crashing down.
Final Thoughts:
So, what can we take away from this mess? First, always, always, follow the money. Transparency, ethics, and accountability are the bedrocks of any legitimate trading operation. If a firm starts banning successful traders, dodging payouts, or going radio silent, it’s time to run. Topstep have recently stopped paying out affiliates and banning people who mention other prop firms in their discord. The alarm bells are ringing for them too!
Second, let this be a rallying cry for the trading community. Whether you’re a newbie or a seasoned pro, your hard-earned money deserves respect. Hold firms accountable, and when they falter, speak up.
Finally, to Scott Trieste: This isn’t over. The trading community has receipts, and we’re not going away. Pay what you owe, own up to your actions, and maybe—just maybe—you can salvage what little integrity remains.
For those considering their next step, Apex Trader Funding stands head and shoulders above the rest. Their system is transparent, their payouts are prompt, and their support for traders is unmatched. If you’ve been burned by FTT, Apex offers a fresh start—a place where you can trade confidently without worrying about shifting rules or disappearing leadership.
Much love to my fellow traders out there. Stay sharp, stay disciplined, and don’t let the Scotties of the world dim your light.
Yours in pursuit of transparency,
PW
I found my consistency using Apex. Find out why here. Use CODE: WALNUTS & get an 80% lifetime discount!
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