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The scam is to accumulate traders AND volume-fuck the price ladder against every trade made.

I don't trust prop firms after this experience. I think it's statistically impossible that every single trade that was made hit the daily loss limit before becoming profitable. 90% to the PIP. and 10% wiggled 10-15 pips more against before violent reversal. BUT ALWAYS A REVERSAL, EITHER SAME...

I don't think the principals can trade under the set parameters. So what does that make them?

Most people are very accurate here in describing the practices of patak. I am sharing my experience because I think it would be beneficial to people thinking about doing this. Don't get me wrong it is a good learning experience but odds are you won't succeed, even if you go live. The rules...