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1 hour ago, TrendFollower said:

@dmedin,

Just be careful posting these. There may be some on the IG Community who may get involved with such opportunities and get themselves into a pickle. 

Can't see any problem with this, the firm clearly states you must be able to prove your profitability and prove you can manage risk and if accepted you keep the first 5k and 80% of profits thereafter, at no point is the traders own capital put at risk. 

Interesting contrast to the company in @DSchenk 's new thread.

Edited by Caseynotes
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2 minutes ago, TrendFollower said:

@Caseynotes,

How much does it cost for this privilege? Up front fees and charges? What if the trader cannot prove profitability levels as per the companies criteria and show managing risk as per the companies criteria then would they lose any upfront fees and costs?

If a trader can prove profitability and prove they can manage risk then why would they sign up to this? Surely they could just go alone? The only reason I can think of is that they have access to more capital and therefore the 80% profit would be more then if they had very little of their own capital to trade?

What if the trader proves the above, starts trading and fails, they still lose the upfront fees and charges. 

They are searching for already profitable traders, there is no cost, upfront  fees or charges, if you can't provide proof of profitability don't even bother applying. Generally it's something like 12 months minimum of account records showing profitability with minimal drawdown.

 Keeping 80% of profits trading a 500k account is better than 100% of a 1k account and with 100:1 leverage and not even your own money.

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