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elovemer

Registered: Dec 2005
Posts: 2913

05-01-12 07:35 PM

it is a scam.

they take on no risk ... in order to take all deposits

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keeptradin'

Registered: Feb 2004
Posts: 1419

05-01-12 07:38 PM

Quote from elovemer:

it is a scam.

they take on no risk ... in order to take all deposits

That's not a scam, it's called the "Prop Firm Business Model":

"Give us $25-50k deposit so we can rape you on fees/spreads, and if you haven't blown out after 6-12 months, we'll let you trade our money".

And continue the raping, of course.

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