The growing popularity of Prop firms in trading has instilled a new hope among traders with limited finance who otherwise cannot leverage their trading skills because success in trading is also about more funds in addition to the traders’ skills and expertise. Prop firms evaluate traders’ skills and expertise to check eligibility and fund successful traders with amounts ranging from thousands to millions of dollars. Prop firms charge an evaluation fee and put traders on a demo account to let traders trade and prove their skills for the said funding. However, most traders fail to clear the evaluation test and end up losing the non-refundable evaluation fee. Only 10 out of the 100 accounts make it to the end and the rest end up only paying the evaluation fee to the firm.
One of the most cleverly designed failure model is to exploit the traders by either putting up limits on maximum and minimum trading day or doing away with them completely with no limit. In this article, we will show how they act as major hurdles for trader and how Funded Nation removes this major hurdles by adopting a balanced approach to ensure traders success.