They don't keep you at $30 forever. Once any profit target is hit consistently for two weeks you go to the next level as per the table below. In any case my original question was about the quality of the training. If anyone has been through I'd like to know what they thought about it, and if they are actually making more and more money or not. Its easy to slam all the prop firms out there. They all offer a different package, some much better than others in terms of training. Also some people might do very well having to stick to very tight profit and loss targets with all the risk control it forces on the trader.
Table from
Velez Capital Management, LLC - A Private Equity Trading Group
Master Trader Advancement Program
Level Maximum
lot size Daily
loss limit Minimum
weekly target
Payout % Minimum
trader annual
1 100 $30 $30 60% $300
2 200 $60 $60 60% $1,200
3 300 $90 $90 60% $2,100
4 600 $150 $200 65% $5,900
5 1,000 $250 $350 65% $10,775
6 1,600 $400 $600 65% $18,900
7 2,400 $600 $1,000 65% $31,900
8 3,600 $900 $1,500 70% $51,900
9 5,200 $1,300 $2,275 70% $79,025
10 8,000 $2,000 $4,000 70% $139,400
11 12,000 $3,000 $6,000 70% $209,400
12 18,000 $4,500 $9,000 75% $336,900
Traders give them 10k for training. In return they give you 5k leveraged up to 50k w/-$30 a day risk management and tell you to go trade for a living.
52 weeks x 5 days a week. @ 260 trading days a year
260 x -$30. VCM would be out = -$7,800 if they kept the trader for the whole year.
-$3,900 if they only kept the trader for half the year.
It's a big win/win for them and thats what this arena has become if you dont get hired on and given a desk inside corporate headquarters.
Non-Props calling themselves Props.
Disguised as a Educational Training shop.
Almost all are setup as a remote Arcade.
Learn for yourself and Trade for yourself!
AND IF YOU MUST, I would only go to a shop if you can afford to lose your shirt and you just want to play with the leverage.
