Their site is *extremely* short on actual details that traders might want to know (rates, cuts, API options, execution options). So my best guess is they're looking to churn less experienced people.
"Industry Titans" is an interesting term. But I'm just confused as to what the word "Provigin" means in the headline? I'm not a vocabulary expert by any means, so maybe someone else can help me out with this?
GLOSSARYRR Tradefundrr - People who find funds trading Provigin - People who find funds by being a virginrr I am sure if you join the firm, you will be tormented by many much more Glossaryrrs.
I think Provigin may actually be one of those low-alcohol gin substitutes that you can use to make a Martini, a Negroni or whatever else.
Yet another firm with instant funding ( $399) for 5x major contracts ( day trading) ,, but the orders don't go to real market it seems so the million dollar question, how would they pay if majority of these Instant funders win! ( 80/20 split)
"Win"?! These are home-based, retail traders who have learned to trade by watching videos on Youtube and reading beginners’ forums, and imagine that being underfunded is what’s stopping them from trading profitably. Independently audited documents submitted to the court in the MFF litigation showed that 1 in 357 customers ever got as far as a payout, and at FTMO (anotherof the biggest, with an equally strong reputation for reliably paying out) they estimate that 1 in 500 customers will ever get as far as a payout. If how to pay out if the majority win is Tradefundrr’s biggest problem, they certainly won’t have too much to worry about!
Agreed that % of traders who succeed is very low but Are you referring to Evaluation traders ? I am referring to Instant funded one, imagine 100 Join with $399 each and take a position and are correct by chance or whatever reason in first trade itself , trades are not actually going to real market so where would the "firm" pay them? the 80/20 split? so overall business model seems to be grab the $399? nothing new