I want to share my experience with the company, which recently changed its name. Despite trading responsibly and adhering to the stated rules, I was denied a funded account. The company cited 'increased risk' without offering transparent calculations, detailed reports, or clear references to specific rule violations. Here are the reasons given and my disagreements. Reason #1 – 'Scalping' The firm claimed my trading was classified as scalping. In reality, a few positions were opened by mistake and closed immediately, without any intention for profit. These were not part of a trading strategy and were corrected right away. Still, they were used as a reason for refusal without considering the context. Reason #2 – 'Martingale' The second reason was the supposed use of martingale, which is untrue. There was no systematic increase in lot size after losses, nor aggressive attempts to recover them. All trades were independent entries. No evidence was provided to support this claim. Reason #3 – 'Fixed position size' The third reason cited was the use of a fixed position size, which is standard risk management. Risk was stable and controlled. This creates a contradiction: a fixed position size cannot also be classified as martingale. In conclusion, the funded account was not issued, the reasons were vague and inconsistent, and there was no transparent appeal process. Be cautious if considering this company as a prop firm.
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