With that crappy payout table you might as well take a few grand, join a trading arcade that super leverages your money, but pays out 100% and be willing to take a risk on whether or not the firm is legit.
Maybe it's just me but I'd rather take a gamble on a trading arcade starting out than pay 5k for training. With 2k or so you can get real experience. Even if you blow up the account, you lost less and gained more in my opinion.
This is of course assuming you've already been paper trading for a long time and understand all risks and have at least a semi-developed strategy, which of course, is rare amongst new traders...
It's painful for me to think about how many brand new traders are so anxious to jump in the game and "make money" that they forget that trading is a skill that must be honed and worked on, like working out your body. I've been guilty of this too, personal experience speaking.
There's no better experience than blood in the market and screen time. There's also very rarely training worth 5k that is worth as much as experience.
Of course... I still stand by my previous statement about having a strategy. If you don't know what you're doing that experience is probably useless. Oh I could go on.. I'll stop with that.
