My experience with PropScholar was disappointing.
I joined their evaluation program with a $10k account and a 10% profit target. I managed to reach about 12% profit. However, after waiting about two days for the review process, I received an email stating that my account had been breached due to “martingale”.
What disappointed me is that the violation was not detected in real time. Trading was allowed to continue until the target was reached, and only after the review was the account marked as breached on the dashboard. There was also no opportunity for appeal or clarification.
During their webinars and discussions, the rules were described as trader-friendly, and layering was not clearly explained as a violation. I was trading with stop losses even when layering positions, which in my understanding was not a classic martingale strategy.
I’m writing this review mainly to warn other traders to be very careful and to fully understand how they interpret rules like “martingale” or “layering”, because the definitions may be broader than expected.
Even if the fee is relatively small, it is still people’s money. Traders should be cautious and make sure they clearly understand the rules before participating.
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