Has anyone ever tried to be “trader” with one of those firms that say you can trade the company’s money, like maverick trading?

I have seen commercials for companies like Maverick Trading and others that provide you the opportunity to trade using their capital and profit from it. The caveat is that, depending on whether you pass their course, you have to pay them between $700 and $1000. Though my better judgment tells me, this is a scam, the premise sounds intriguing.

Does anyone know somebody who has gone through something similar and would tell how it went or is going right now?

The link provided shows what I’m talking about.

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I have no experience with such firms. But be very suspicious. I’d avoid it.

My buddies have had interviews for proprietary trading positions. These companies brought tests and software simulations to our university ok career days. 100% mathematical questions that you had to solve in your head in under X seconds.

If you were intelligent enough, you would have to attend an interview in their office and take a similar test again.

Social skills are not necessary for such businesses.

Pay was ridiculous.

So, to recap, what you describe sounds incredibly fishy.

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If you look at Glass Door, you can usually learn more about the company by looking at the interview process, as most individuals leave comments on the culture.

You’ve probably already Googled it and read the reviews, which claim that it’s a “scam” or at the very least not your average prop shop. This raises serious concerns about the kind of value they provide to candidates, as does the fact that they charge for training. To create value for the business, any genuine organization takes the time to carefully choose and develop their traders.

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Applying to them is a wonderful way to find out. If all they have is a resume, they are most likely a scammer. If there are six exams, a cover letter, pages of replies with precise questions, etc. Most likely not