I just received this from FundedElite for denying my funded account:
"Our system flagged your account, prompting a thorough review of all associated accounts and trading history by our analyst. It appears that numerous positions were opened simultaneously at several instances. This practice violates our Terms of Service as positions cannot be opened at such a high frequency.
As a result, we are unable to upgrade your account. However, we believe in providing second chances and are prepared to offer you a new account. This account will need to be managed in accordance with our rules, and we hope you will successfully pass this opportunity."
I have some times opened for example 4-5 0.05 lots in short intervals on my 25K account in order to avoid slippage and kept the trades open for several hours. They call this HFT trading. So in their books books just opening several trades close to each other is HFT.
Stay away from this prop as they will come up with any excuse for not to pay you. They have also lately been changing their rules on the fly. Now for example opening and closing a trade under 3 minutes is also HFT. They are definitely sinking.
"Our system flagged your account, prompting a thorough review of all associated accounts and trading history by our analyst. It appears that numerous positions were opened simultaneously at several instances. This practice violates our Terms of Service as positions cannot be opened at such a high frequency.
As a result, we are unable to upgrade your account. However, we believe in providing second chances and are prepared to offer you a new account. This account will need to be managed in accordance with our rules, and we hope you will successfully pass this opportunity."
I have some times opened for example 4-5 0.05 lots in short intervals on my 25K account in order to avoid slippage and kept the trades open for several hours. They call this HFT trading. So in their books books just opening several trades close to each other is HFT.
Stay away from this prop as they will come up with any excuse for not to pay you. They have also lately been changing their rules on the fly. Now for example opening and closing a trade under 3 minutes is also HFT. They are definitely sinking.
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