Disliked{quote} It's not just FIFO, anyone can work around that and I don't use anywhere near 1:30. The deal is this I can put $500 in a perosnal account or I can pass a challenge and have $10-12K.....so literally I can trade 20-24 x the size, therefore resulting in 20-24 times the profit.....well let's call it 15x after the split. After fee refund with first split, I now have zero risk, not a single penny. How is this not better than trading a personal account? The rules and limitations you speak of I'm assuming are related to DD....I've already factored...Ignored
I don't know where you are doing your challenges but my 100K ones give me only 5K to play with, not 10-12 K. There are traders here that make 8K with that 5K playing money overnight. I guess a 5k investment overnight can become 8+5=13K. It is like 250K challenge account for them...overnight. So all this hassle with props cause our genius traders don't have 5K in their pockets.
Also, it would be rare if someone invested only $500 and passed and started making big profit to the point of making 50K/year which is nowadays only enough for 1 person.