Prop Firm Services review: Pros, Cons, and Traders Ratings.

After observing a phase 1 account he had successfully completed, I made the decision to buy his service for 100K account challenge. Initially, he demonstrated a winning streak, achieving a 2% profit. However, the market turned against him, leading to the adoption of grid positions, which raised me a red flag. In addition to the grid strategy, he maintained his positions during high-impact news events, resulting in significant losses that brought the account down to -3%. Throughout this period, the markets remained strongly bearish, and he persisted in trading against the prevailing trend.

Then, on a particular day, both GU and EU experienced a significant downward movement. He leveraged his positions, causing his buy positions to boost the account to 6.8%. However, despite the clearly bearish market conditions, he continued to focus solely on buying GU and EU, even after the hawkish statements made by the FOMC on September 20th. Following this, he attempted to leverage his positions further in an effort to catch a market reversal. Unfortunately, the prevailing trend was too strong, leading to accumulating losses. In just one week, the account balance plummeted from a +6.9% profit to -4%.

The trading decisions made by this individual fall far short of what one would expect from a professional trader. On the last day, he could have closed his trades before reaching a 5% daily drawdown. My account was only at a -3% overall loss, which could have been recoverable. However, his actions and behavior raise concerns about his professionalism and integrity.

It appears that he may be using an EA (Expert Advisor) that only works effectively during specific market conditions. His portfolio consists of High-Frequency Trading EAs, and upon closer examination, it becomes apparent that all the profit was generated within just 1 or 2 days. Therefore, I strongly advise against investing your hard-earned money in this company and individual. To make matters worse, he has not issued any REFUND to me or anyone else I know.

Furthermore, he recently replied me a message with some excuses and with a signature from a supposedly famous trader. I want to emphasize that you shouldn't buy any service from this company or individual, by the way he is from Bangladesh, as this individual has exhibited scam-like behavior and lacks transparency and professionalism.

I have proof of everything: Print of deleted telegram chat, print of Whatsapp, receipt e-mail of purchased service.