How can i buy a funded account

[Sufshiken]

@SchmaltzHerring

@SovoS

I guess they are mirror-trading these so-called “funded” accounts with actual trades in their own name and then just paying out a share according to the profits earned by the trader on the simulated acct. Or does anyone know better?

I certainly don’t know better, but my guess is that they identify the very few profitable traders and “front-run” them.

@SovoS

I think so, too. And, of course, their own position sizing can be very different to the trader’s own size, but they are only paying out a percentage of the trader’s gains. And they clearly apply their own risk management parameters.

Hi @SchmaltzHerring and @SovoS

Perhaps, this post may clear your views/doubts?

@TYGMedia

Hi @Sufshiken,

Based on my discussion with some prop firms, they told me, many prop firms don’t make money. They operate just like start up. They may have profited from the rebate and the master account.

You are correct, we trade on demo accounts (fake money). They have software to copy trade our demo account to their real fund. The account is considerably big, for example when our account is 5k, the actual fund is probably 50k. So when we make profit let say, 10% which is 500 USD, they actually made 5k USD. They share with us the profit 95% from 500, which is less then 10% their total profit, 5k.

In order to have good result, we have to open position when market is calm. Reason, their system can’t follow our position during volatile moment. So, this is the reason, they forbid making positions during news. When we can make profit, because the copy trading system has delay, they don’t make money.

When there is a discrepancy, they will use their trading rule as the shield. It willbe useless to argue with them.

Sufshiken