Million Dollar Trader Challenge - The FULL Scam Review!

If you're researching Million Dollar Trader Challenge (MDTC Scam) before signing up, this review is for you. I joined the program, followed every rule, passed their challenge twice, got funded — and was still denied my payout. Here's exactly what happened with this scam.

📌 What is MDTC?

The Million Dollar Trader Challenge (MDTC) presents itself as a premier funded trader program where traders pay $397/month to access a $1,000,000 demo trading account. Their claim?

“Pass our challenge, trade with ANY strategy, and keep up to 100% of your first payout.”

They advertise:

·         No limits on strategy

·         Any lot size allowed

·         No time limits to pass Phase 1

·         Payouts starting at just 3% profit

But my actual experience tells a very different story…

🚨 My Experience with MDTC (Million Dollar Trader Challenge)

·         I joined MDTC in May 2025 and paid $397/month.

·         I passed Phase 1 twice and was issued the $1,000,000 funded demo account.

·         I traded consistently with the same strategy used to qualify.

·         I reached the required 3% profit target with a total profit of $34,426.45.

·         I followed all rules — including the 7-day minimum trading requirement (I traded for 7 days).

·         I placed 1,189 trades with 987 wins and 202 losses (an ~83% win rate).

·         I continued trading after hitting 3% to maximize the promised "100% first payout" as incentivized by MDTC’s marketing (and to consistently make multiple trades each day)

Once I submitted my payout request, I received a denial notice from their “Risk Team.”

❌ Payout Denied — Here's What They Said

Despite MDTC’s sales page claims that payouts can be made "from Day 1" after reaching 3% profit — this was not true in my experience.

“Payouts From Day 1: Once you have your funded account, you qualify to receive your first payout as soon as you hit 3% profits, meaning you could have your first payout your very first day.”

However, even though I hit 3% profit on Day 1 of the funded account, I was forced to wait a full 7 trading days before the payout request button became available. This directly contradicts their public marketing, which falsely implies instant eligibility. It took a minimum of 14 total trading days to reach that point — 7 to pass Phase 1, and another 7 to qualify for a payout in funded.

This “Day 1” claim is misleading and sets false expectations for traders who believe they’ll get paid quickly for fast performance (as soon as you sign up on a large monthly fee!).

“This account exhibited 88.16% max margin utilization, indicating extremely high-risk exposure. Combined with the trading behavior, there is a strong likelihood of gambling patterns or the use of a toxic Expert Advisor (EA). We recommend blacklisting this client to prevent future risk.”

Let’s break this down:

·         No margin rules were listed anywhere on the MDTC website — and in fact, the word “margin” isn’t even used once on their entire Terms of Service page.

·         They specifically state that any strategy and lot size is allowed.

·         They also allow Expert Advisors (EAs), or trading bots, on their sales page — yet accused me of using one (I didn’t).

·         No margin rules were listed anywhere on the MDTC website.

·         They specifically say any lot size and any strategy is allowed.

·         I did not use a bot, EA, or gambling strategy — all trades were manual and based on my own setups.

They refused to pay, terminated my account, and continued charging me after closing my account.

⚠️ Red Flags to Watch Out For

Here are a few suspicious things I noticed:

One Instagram post shows a message from Stripe with typos.

One Instagram post shows a trader being promoted for earning $28,000 in one day.

1.      No mention of margin rules on their official site.

2.      They promote traders making huge profits in one trade, yet punish “high margin” usage.

3.      Their leaderboard appears full of duplicate or fake names.

4.      Their “CEO” signature is Craig Martin — but there’s no public presence or business registry confirming his identity.

5.      They later made me sign a contract with a company called Instant Funded Trader, based in the UAE.

6.      Their legal address on receipts is a delivery acceptance location operated by Documents Delivered, LLC in Albuquerque, NM — a virtual mail forwarding and business registration service (documentsdelivered.com) rather than a physical office. — but now claim a Dubai address.

7.      After requesting a refund, they ghosted me completely. They only responded after a chargeback was issued.

🧾 I Filed an FTC Report

My full report has been submitted to the Federal Trade Commission.

I also requested a chargeback through my bank for the $397/month charges, including the unauthorized billing that occurred after my account was closed.

If you are in a similar situation, I recommend:

·         Filing an FTC complaint

·         Requesting a chargeback with your bank

·         Saving all receipts, emails, login records, and contract details

🔓 60-Day Clause Violation

According to Section 5.6 of their own Terms of Service, payout caps are removed after 60 days of active participation:

“After a trader has been active for 60 days, the payout cap is lifted, allowing traders to withdraw their full profits.”

I was an active member for over 3 months — meaning I clearly surpassed the 60-day threshold. Yet MDTC still blocked the payout and closed my account without honoring the post-60-day full withdrawal structure.

This makes the denial even more questionable.

✅ A Referral to Prop Firm That Actually Paid Me

For comparison: I’ve also traded with TradeXMastery and have been funded multiple times. They’ve paid me over $15,000+ in real payouts. They clearly outline their rules and honor payouts.

Here is my official PAYOUT Certificate from them:

Unlike the Million Dollar Trader Challenge Scam that has a 3% Profit Target in the Funded Account and still doesn't pay...

This company only requires a $100 minimum profit in the funded account to receive a payout — on ANY challenge account size.

The idea of unlimited retries with MDTC was a great concept — but obviously it was a scam for a reason.

My only feedback for TradeXMastery is that they take a little longer to pay on the bigger payouts (it took me 13 extra days to get my $15K payout, for instance — which I wasn’t complaining about). However, they still actually pay and are 100% proven! (Try Coupon Code: TXM50 offer, might expire tonight or be expired)

🧠 Final Thoughts: Is MDTC a Scam?

In my personal opinion and based on my experience — yes, MDTC (and Instant Funded Trader) is a scam — 100%.

Unfortunate as it is, the answer is yes — because their sales page made false claims, and there were indeed bogus, made-up rules introduced only after I requested a payout.

I followed every rule, and requested 100% of my promised payout after earning over 3% profit, even reaching #4 on their Profit Leaderboard. I continued trading responsibly for 7 full trading days, with no gambling, no bots, no EAs — just my own winning manual trade setups.

They bait you with promises of six-figure funding and full strategy freedom, while mocking other firms for not paying.

But when it’s time to get paid?

They ghost you. Or throw out a "bogus rule" that doesn’t exist.

Be careful. Read everything. Document everything. And if you’ve been scammed — speak up.

#MDTC #MillionDollarTraderChallenge #ForexScam #PropFirmReview #IsMDTCALegitCompany

*Disclaimer: All content and information provided on this website are for educational and informational purposes only, specifically relating to trading in financial markets. They should not be construed as specific investment recommendations, endorsements, or solicitations to buy or sell securities or any other investment instruments. It’s emphasized that trading in financial markets carries inherent risks, and potential traders are advised not to invest more than they can afford to lose.