Some prop farm forfeits profits over 1.6 million yen
Previously, in this Investment Navigator we also covered withdrawals on a certain prop firm, and after continuing to investigate, it ended up with an unexpectedly conclusive outcome.
To put it bluntly, this account, despite having earned profits of over 1.6 million yen, was abandoned.
This is not a withdrawal rejection; it is a withdrawal hold, meaning the account is alive, but continuing in this state makes withdrawals nearly impossible.
Why is it on withdrawal hold?
Even if you pass the challenge, when you actually try to withdraw in the real environment, the screening is severe.
The screening criteria are such that normal traders find it far too difficult unless they are familiar with statistics.
This pitfall could have been anticipated with beforehand measures, but predicting this requires not only statistical knowledge but also understanding the practical “distortions” that occur during actual trading, which is difficult.
Although this applies only to Company A’s standards, it is recommended that people who are about to challenge prop trading be aware of such possibilities and thoroughly understand the regulations and rules before applying.
We will sell the related content as an e-book, so please reference it as future knowledge if you are interested.
The discussion involves statistics, so it may feel a bit difficult, but as a single trader, having such knowledge is not wasted.
--------------------------------------------------------------------------------