Velotrade Report Exposes Hidden Rules Killing Traders' Payouts
The funded trading market has experienced significant growth in demand over the past few years, but a new report from Velotrade reveals that many traders are unaware of the terms and conditions that can lead to their account being closed.
According to the 2026 Prop Firm Transparency Report, only around 7% of traders who cleared a funded challenge ever withdrew a payout. The study examined over 300,000 accounts from six different firms: Topstep, FTMO, FundingPips, Blue Guardian, HyroTrader, and Velotrade.
The report found that rules related to loss limits, consistency requirements, and maximum risk per trade are often the main reasons for account closures. These terms can be hidden in evaluation guides or help-center pages, making it difficult for traders to understand them.
Gianluca Pizzituti, CEO of Velotrade, stated that 'most of this industry has treated [rulebook transparency] as a marketing problem. We think it is the entire product.'