I have experience trading with various prop firms, and I must say, this firm has the most perplexing rule I've ever come across. My trading performance is consistently strong, often achieving significant percentage gains and frequently making profits over $10,000. However, the implementation of this specific rule for funded traders is extremely off-putting. Many traders, including myself, have raised concerns about this, but the company has not taken any steps to address these issues, merely stating that it is a policy.Furthermore, there's an issue with the automatic stop mechanism. On an occasion when my profits hit the daily limit of $10,000, the system didn't stop until it reached $12,800. Instead of closing the position and allowing traders to retain the full profit, it appears that the firm takes the excess amount. This is problematic. If the system is set to close positions at a $10,000 profit, it should do so accurately and not exceed this limit.Additionally, the mandatory 15-day waiting period to withdraw funds is excessively long and should be reconsidered. A shorter withdrawal period would be more convenient and trader-friendly
other cons
lack of good discounts. 10% is nothing compared to prop firms that offer 25% or 40%.
I have experience trading with various prop firms, and I must say, this firm has the most perplexing rule I've ever come across. My trading performance is consistently strong, often achieving significant percentage gains and frequently making profits over $10,000. However, the implementation of this specific rule for funded traders is extremely off-putting. Many traders, including myself, have raised concerns about this, but the company has not taken any steps to address these issues, merely stating that it is a policy.Furthermore, there's an issue with the automatic stop mechanism. On an occasion when my profits hit the daily limit of $10,000, the system didn't stop until it reached $12,800. Instead of closing the position and allowing traders to retain the full profit, it appears that the firm takes the excess amount. This is problematic. If the system is set to close positions at a $10,000 profit, it should do so accurately and not exceed this limit.Additionally, the mandatory 15-day waiting period to withdraw funds is excessively long and should be reconsidered. A shorter withdrawal period would be more convenient and trader-friendly
other cons
lack of good discounts. 10% is nothing compared to prop firms that offer 25% or 40%.