Beware of scammers posing as authentic proprietary trading platforms

Janak9955

Golden Finance reports that senior trader Peter Brandt is warning other traders to be cautious of scammers who present themselves as legitimate proprietary trading platforms. In a warning shared through X, Brandt lists some characteristics of what he considers "legitimate 'we fund you' prop firms." Brandt advises potential traders to first ascertain the legitimacy of a proprietary trading platform before deciding to use it. For experienced traders, legitimate prop firms should not "forever" charge fees to traders and should have actual real-dollar funding. Additionally, the firms must set drawdowns from initial funding levels and should have no restrictions on trading styles or markets. Brandt concludes that, in his view, anything different from this is a scam.

Jiger955

There are indeed many scammers nowadays.

Jatin255

We remain vigilant at all times and everywhere.

Ritu13

It's necessary to pay attention to scammers.