I’ve been trading using my EA, and after two days, I got my first withdrawal request.
It’s a fraud, Infinity. similar to every other company that PropTradeTech manages. They simply lie to get out of paying
In my opinion, traders like myself are squandering a great deal of time waiting on prop firms to pay us. The one benefit of prop firms is that they gradually help you become a disciplined trader. Once you can do that, real capital, real money, real earnings, and real trades are what I believe to be the best option. If not, I genuinely think it’s a complete waste of your time. Any successful trader can only make an average of 4-8% per month, and if funding is required, it can be very difficult to wait three to four months after successful trading without receiving payment for your labour, and then, after funding, to say, “Oops, sorry, you breached account due to some random rule?” Rethink your thoughts.
@Amelia I trade with FTMO; I’m not sure how long I won’t run into issues, though. Furthermore, I am unable to compound my trading gains with prop firms, which is, in my opinion, the whole point of trading for retail investors. Now that’s gone, I’m unable to support myself from it. I must either exchange actual money or I will always remain at the same level.
@Aiden Utilise FTMO with far more cash than you would on your own, obtain the necessary funds, and go private. That’s the goal that many individuals pursue.
@Amelia Unlike ftmo, personal funds are more likely to stagnate since they depend on a consistent source of income from employment to support compounding; otherwise, they would be like spinning wheels.
I assume they object to the small trades?