I had a bad experience with this company. They reject your evaluation based on their confusing risk rules. My strategy is based on a custom Expert Advisor (EA) and therefore, by definition, doesn't make mistakes. However, I also received a message stating that my trades were inconsistent, which immediately raised a red flag for me. When you ask for clarification, they don’t provide clear answers and instead redirect you to their website, telling you to read the rules more carefully. The way they handle this is extremely unfriendly and unprofessional.
What’s even more misleading is that they advertise a €200,000 account, but in reality, you’re only trading with a maximum of €12,000 of available risk capital. In the event of a drawdown, you have even less to work with.
At the same time, you’re expected to achieve a 6% profit target, which is still calculated based on the full €200,000. This means you are effectively required to make returns of 50% or more on the risk capital you actually have. This setup puts traders at a significant disadvantage and dramatically increases the likelihood of failure.
And they do all this under the pretense that they are looking for "serious traders." No, they are looking for ways to ensure you don’t pass the challenge. There are plenty of other ways to let serious traders prove they are consistent; you don’t need unclear rules for that.
A company that advertises with such misleading information is, in my opinion, inherently fraudulent. There are definitely better prop firms out there, so be cautious with this one. I regret wasting my time and money, so I won’t be attempting another challenge with these scammers.
What’s even more misleading is that they advertise a €200,000 account, but in reality, you’re only trading with a maximum of €12,000 of available risk capital. In the event of a drawdown, you have even less to work with.
At the same time, you’re expected to achieve a 6% profit target, which is still calculated based on the full €200,000. This means you are effectively required to make returns of 50% or more on the risk capital you actually have. This setup puts traders at a significant disadvantage and dramatically increases the likelihood of failure.
And they do all this under the pretense that they are looking for "serious traders." No, they are looking for ways to ensure you don’t pass the challenge. There are plenty of other ways to let serious traders prove they are consistent; you don’t need unclear rules for that.
A company that advertises with such misleading information is, in my opinion, inherently fraudulent. There are definitely better prop firms out there, so be cautious with this one. I regret wasting my time and money, so I won’t be attempting another challenge with these scammers.
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