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  4. do prop firms actually pay out or is that fake too

do prop firms actually pay out or is that fake too

Scheduled Pinned Locked Moved Trading Discussion
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  • maxturnerM offline
    maxturnerM offline
    maxturner
    wrote on global:last-edited-by,
    #1

    ok separate from the challenge being hard, IF you pass and make profit, do they actually send the money. heard horror stories of firms moving the goalposts at payout time, "you violated rule 7.3" suddenly. whats real

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    • E offline
      E offline
      electricmind
      wrote on global:last-edited-by,
      #2

      the established ones pay, ive had 4 payouts no drama. the sketchy newer ones are where the 'rule 7.3' games happen, they suddenly find a 'consistency rule' or 'news trading' violation right when you ask for a big payout. pick firms with years of payout proof, not the ones with a flashy 90% discount this week

      still learning

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      • cameronvC offline
        cameronvC offline
        cameronv
        wrote on global:last-edited-by,
        #3

        a firm that sells challenges AND writes the rules AND judges violations AND holds the money. what could go wrong

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        • C offline
          C offline
          carterw
          wrote on global:last-edited-by,
          #4

          the troll is half joking but its the real structural risk. you have basically no recourse if a prop firm decides not to pay, theyre not a regulated broker holding client funds, theyre a company you have a contract with. so reputation + payout history is literally all you have. check trustpilot AND forums for payout disputes before you buy a challenge

          Risk first.

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          • visionaireV offline
            visionaireV offline
            visionaire
            wrote on global:last-edited-by,
            #5

            passed a challenge with a new firm, requested payout, got hit with a 'consistency violation' i never agreed to 😡 fought a month got 40% in the end. stick to the old ones people

            keep records

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            • S offline
              S offline
              skywavee
              wrote on global:last-edited-by,
              #6

              whats a consistency rule, never heard of it

              keep records

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              • B offline
                B offline
                Brandon
                wrote on global:last-edited-by,
                #7

                its a rule that no single day can be more than X% of your total profit. sounds reasonable but some firms bury it and use it to deny payouts when one good trade made most of your money. read for it BEFORE you buy, if its vague thats on purpose

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                • L offline
                  L offline
                  Leo
                  wrote on global:last-edited-by,
                  #8

                  sticking to the boring old firms then

                  still learning

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