Are there any prop firms where the evaluation is free?
forexpropfirm.com
1. Deposited a minimum $500 with their nominated broker;
2. About 2 days later they added $250 credit to an account in my name;
3. Traded 1 Lot on the account and then emailed GoldenOption;
4. Was provided a $5K funded account by FPF on a real server with 8Cap;
5. Several days later the account was migrated to a demo server same broker;
6. Current account is being traded and is visible via TE under my profile; and
7. Account needs a minimum of 5% gain to make a withdrawal if requested but scaling plan should be consulted depending on trader objectives and goals and with a gain of 2% so far the withdrawal process is not yet applicable but when it is I will update the thread.
So far so good but I cannot yet comment on the payout process so I would therefore advise anyone contemplating this firm to tread carefully.
They also offer other paid challenges of which I have not used nor considered in any great detail.
Due diligence required.
Hope this helps if 'free' instant funding model is of interest to you although you are risking unfavorable directions in any of your trades that count towards the 1 lot volume so there is some risk on the table and the reward is only a $5000 funded account so certainly on the smaller side unless you can aggressively scale it.
My approach is simply to trade towards each milestone and see how the scaling plan works out since a $5K account is of little value to me, however, a larger account is a different matter.
Masterrmind ...........
Master your Mind then Master your Trades
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