Beginner here. Exploring pros and cons of Prop firm.
Kindly upvote for more reach 
No harsh truths.
Read the rules, manage risk, be conservative, and follow your plan.
Nothing complicated.
That a lot of them are outright scams.
Reid said:
That a lot of them are outright scams.
Which are the good ones?
FTMO and 5er are what I have heard people saying as good ones.
Reid said:
That a lot of them are outright scams.
Which are the good ones?
FTMO and 5er are what I have heard people saying as good ones.
I use only FTMO and my live account, so I can’t comment about others.
Reid said:
That a lot of them are outright scams.
Exactly. A lot of them are scams disguised as respectable businesses.
The best thing to do is research them properly before doing anything else.
That the rules are in place to protect you and showcase consistency. Why pay for an account if you’re going to blame all of your problems on the rules being too strict or whatever?
Prop firms want you to fail so you will get another account.
If the discount is too good, don’t buy.
It is not easy; there’s a lot of scammers out there and manipulation to grab your money. Discipline is key to pass the legit ones. It also helps to know the spreads so you can trade accordingly. Also, if you are a beginner in trading, you should not be looking to trade prop firms yet, as it takes psychology, confidence, risk management, and patience—all things that are improved as you gain experience over time. You should be back testing and trading on demos.