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Prop Firm And Draw Question
- Thread starter NY_HOOD
- Start date
Never a stupid question. A draw is when you get paid each week or bi weekly. I.E if you get a 4k draw you get a thousand a week and this 4k comes off your total p&l for the month, one or two bad months you would be -8k for two plus whatever you are down trading. It's good when times get tough and you get some money to pay your bills.
Anyone know the answer to this one? I'm also looking for any firms that offer draws.
Hey
Getting the draw is when you find out whos who- the crooks will tell you simply type in your request for a draw on the site , its usually mnthly . At the end of the month surprize no check , now they say" we cant imagine what happened- can you request it again on the site ", again a month later no check , now you cant get them on the phone and they dont answer emails ....you continue the call and sometimes the phone is busy , endlessly you keep trying and finally get a creep who is nice but blows you off over and over with hurried excuses hes trading or phone after market hrs or he has to confer with others or pretents he has no idea who you are and on and on until it is blatently obvious you have given your money to the slimiest crooks imaginable and you now need a lawyer , nice hey .....this was what it was like with HLV ,they soon changed there name and my cash was gone ,every traders nitemares confirmed.
Make sure you do your research and dont end up in that situation .....
Getting the draw is when you find out whos who- the crooks will tell you simply type in your request for a draw on the site , its usually mnthly . At the end of the month surprize no check , now they say" we cant imagine what happened- can you request it again on the site ", again a month later no check , now you cant get them on the phone and they dont answer emails ....you continue the call and sometimes the phone is busy , endlessly you keep trying and finally get a creep who is nice but blows you off over and over with hurried excuses hes trading or phone after market hrs or he has to confer with others or pretents he has no idea who you are and on and on until it is blatently obvious you have given your money to the slimiest crooks imaginable and you now need a lawyer , nice hey .....this was what it was like with HLV ,they soon changed there name and my cash was gone ,every traders nitemares confirmed.
Make sure you do your research and dont end up in that situation .....