Forex Prop Firms

Hi,

I'm looking for a serious proprietary trading company (not one with the whole "make a deposit" nonsense). I am a profitable trader looking for a firm willing to hire me as an independent contractor and give me a profit split of performance on a quarterly basis. I am not a sucker and won't deposit money with some joke firm making money off of my commissions.

Any recommendations?

http://www.fxww.com/

The most reliable I know.

Good luck

Thanks for the heads up - I'll check it out!

You can try http://www.the5ers.com

They are very reliable guys, with extensive trading background.

No real prop firm asks for cash up front. They also tend to spell check their contracts.

Evaluation payment is very common model for these firms.
The5ers offer similar model like yesfx, bluepoint, savius, topsteptrader which do only futures, and many other.

Beside, if all you are risking to trade a live $80,000 is $370. I think it is a very fair deal.

Evaluation payment is a very common model for scammers! Their site is a joke, the company is supposed to be run by "senior traders", whoever that is.

Their mailing address is at a small farming community in Israel - it is some scammer who thought he would make a quick buck.

Now that you mention it, the whole thing looks pretty suspicious.

Why not try Darwinex, it may not be a Prop firm, but if you are profitable list yourself in their exchange(You are like a stock value there,perform good and get your value increased).

Regards

https://www.thinkhugeinvestments.com

Hi,

How can we know the account of prop trading firm provide us is real or demo (real money) and they can adjust the data in MT4/M5 or not?

Thanks,

how about trade with regulated and reliable brokerage, show your trading performance and run a forex account managed service?

Prop Firms can be nothing but sophisticated illegal forex brokerages why? Read this in detail.
Pass simple challenge and get funding up to $200K? Sounds too good to be true? yes, that's how this scam begins.
- Who are the victims? - All from poor countries or poor financial backgrounds or those struggling to get the fastest money for whatever their needs.

Beginning of the Scam: Advertisements through Youtube and another medium where they show case that many are earning and these are their results and payouts and interviews, do you know anyone of them personally? No!

Now, let's go into depth how this scam of illegal brokers and why I am saying this, I am not someone new to trading or even brokerage as I myself worked closely with brokers in the past so here is the total detail for those who are looking at prop firms to be a millionaire

The first part of the Scam: pay anywhere from $100 to $2000 to get desired funding - Oh..Oh. Why someone needs challenges fees who are claiming to give other traders hundreds of thousands? Their answer is to maintain their staff. lol means they don't have money to pay those 3,4 people working for them? Ok... Second, they may give an excuse to filter out fake people, by the way, let everyone trade for free, and whoever performs gives them funding fair enough?
But they will charge you.
The second part of the scam: for example, they give you a demo fund of $10,000 to get $10,000 demo funds you have to pay $180, and then you can take max daily loss of $500 and max loss of $1000 right? Now see the trick on how this works.

Earning from losing Clients: The accounts they say demo are never a demo in the first place, they get these accounts live with their Liquidity provider with the lowest leverage of 1:20, and they giving you a leverage of 1:100, which means where you lose $100 they lose $20 and you and them both on live, means when you lose $500 they lose $100, how much fees you have paid? $180 still they are making $80 even when you losing every trade you have taken.
But normally traders make anywhere between $50 to $100 before they go for $500 open loss, which means they have your $80 + whatever you have earned a 20% of it as they have a leverage of 1:20, so if you have earned $100 they get $20 so you're $80 + $20 = $100 they have earned from you. This is for losing clients The winning client trick is given below.

Earning from winning clients: let say you are too good a trader and just passed your challenge without significant loss, means your target was to make $1000 means they already had your $180, and now you have generated $1000 out of this as their leverage is low they had made $200, means total they have made $180+$200 = $380 during the first challenge. Now comes verification, here your target is to make $500 only And out of this verification also they have made $100 from you if you pass verification. So how much they have made out of you so far? $380 + $100 = $480. hahaha.

Final Scam part: Now, they have your $480 with them so far from challenge + verification and now they will give you a so-called Live Account With the same kind of conditions, you can't lose more than $500 a day and over all $1000, But wait you already have won $480 for them so you can't lose more than you have earned for me? hahaha. good one...

Some poor traders will say but I can take big lots because I have a $10k Live balance, so my only answer to them is that's a virtual balance and any broker can give you as per their wish and yes you can take big lots but you can't lose anything more than $500 which you have already earned for them from your challenge and verification, so where is so-called $10,000 funding? That's how this scam is running.

In reality, you are trading with your own funds and profit you have earned during challenge and verification and they give you nothing, it's a lie that they are giving you their funds to trade except virtual credit to see and feel good.

Those intelligent traders will understand my entire post and those blinded by fake virtual money may ignore this educational post.

Good luck guys.

Where have you found all those facts?

Their business model is well know, they benefit from the fact that more than 90% don't pass the challenge & verification phases. Those that pass, usually fail after a short period as enlisted traders.
Most of them, use indeed Demo accounts, there is no agreement with Liquidity Providers on leverage matters, and even if they existed, your reasoning about differentiated leverages benefits is totally faulty. Even after you pass the Challenge and Verification, many of them will still keep you in Demo, even when saying they will not.
Many of them return the subscription fee when you are enlisted, you forgot that part.

Probably, you should dig further before imagining theories and publishing them in a public forum.

I my self had run a brokerage buddy I had dig it in deep only before posting facts in public forum.

Don't try to put your acting sheriff's hat as an argument, you are just doing what trolls do best, trolling around.

He just put some simple additions and multiplications. I see no trolling here.

The accounting department is probably is department. In addition to posting incorrect assumptions he multiplied them by nonsense leverage calculations.

Bro, trolling is not in my nature, I have just wrote detailed in depth reality, Not forced anyone to by my version, Its up to you But the fact will not change, the prop firm model is a hard to understand by normal traders who have never associated directly with brokerage or run brokerage them selves

Might be worth allowing for the challenge fee that gets returned after verification.