We provide funds to traders for Forex trading

There is a category of traders who have been making consistent profits on Forex for years. Their earnings are not large, but they are stable.

Their main problem is a lack of funds to increase trading volumes, as increasing this figure through leverage would disrupt the entire trading system.

You're about to register a PAMM account and act as a manager, but then you receive a call with a tempting offer: "We'll provide funds to a trader for Forex trading."

It's tempting because it allows you to receive initial capital immediately and avoids the need to spend years building a reputation for PAMM accounts.

Typically, the call comes from a representative of a foreign brokerage company who has been operating in Europe for a long time and has now decided to expand its market of services.

As a promising trader, you are offered between $10,000 and $100,000 in management, and the amount may be even larger.

At first glance, everything seems more than attractive, but as soon as you agree to participate, "minor" nuances begin to emerge. The essence of these nuances boils down to the fact that you will still need some money to participate in the project:

1. Account opening – this is quite logical, as many brokers require a certain amount to start trading. In our case, this amount is $500 or more, which is essentially small change, as you're promised $100,000 to manage, and the opening fee will go directly to your account.

2. Training fee – to get started, you need to complete training, as you understand that a manager must be qualified. The cost of training is also no less than $500.

3. Participation in the competition – it turns out you're not the only applicant, and the company must choose the best one, who will receive the coveted capital. It immediately reminds me of a lottery from the 90s: you won the prize, but whoever has the most money will take it.

At first glance, everything seems more than fair, but that's only if you don't realize that the result of such actions will definitely be a loss.

Such companies aren't trading; they're focused on robbing people of their money.

Typically, the process goes like this: first, you pay to open an account, then for training, and then you participate in a competition for a manager and don't win. As a result, your money is used to cover various expenses, and you won't be able to withdraw anything.

The situation is inherently absurd, as no one would trust an unknown trader who hasn't proven their expertise to manage their money.

Meanwhile, virtually everything listed above can be obtained absolutely free of charge—opening an account, training, and participating in a contest—with one of the real brokers: http://time-forex.com/spisok-brokerov

By participating in so-called "Prop Trading" you only risk losing your money.

If you are truly confident in your abilities, it would be better to become a PAMM manager - http://time-forex.com/pamm/upravly-pamm-schet

The most successful managers manage funds in the amount of more than a million dollars, and can withdraw their deposit at any time without restrictions.