Proprietary trading firms (prop firms) can be legitimate, but many are scams. Some firms lure traders in with ‘funded account challenges’ designed to make them fail, so they keep paying retake fees.
How They Scam You:
Unrealistic profit targets with tight risk limits.
Hidden fees for multiple retakes.
Some never actually fund traders or collect challenge fees.
How to Avoid This Scam:
Research prop firms carefully before joining.
Choose firms with a real history of paying traders.
Read the fine print before signing up.
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