It is my 5th year in the business with FundingTraders
Prop Firms will only continue to flourish when:
1. Traders aim for consistent results on their accounts
2. Gamifying prop firms is strictly prohibited
Nowadays, prop firms are treated as get rich quick schemes by traders - they want to get that BIG payout while gambling accounts
The rise of reverse trading services, prop firm passing services continue to rise
And the detection for this activities are getting better and better
Soon, the industry will stabilize - and the arbitrage traders will cease to exist
The technology of prop firms to detect abuse is much more extensive than most prop traders think
We can 100% verify these cases (we are sure when we ban):
1. Group trading
2. Passing services
3. KYC frauds
4. Reverse trading
5. On the shelf EAs
We might miss some or detect it late
... But we will detect it and act upon it
Not the full evidence will be disclosed to the user to make sure the detection remains effective
@TradersConf I’ve seen fat people succeed in trading
I’ve seen fit people fail on trading
Although having discipline in one area is great
The discipline must also trickle down to actvities that makes you a good trader
$20m in payouts
That’s the target amount I want to payout traders this year
Past 3 years, we did $5.7m in payouts
Nothing will make me happier than seeing more traders win this year
Btw, guess where this is
First to guess gets a $100k account
👇