Lately, prop firm companies have appeared here and there.
Basically, you can pay to receive 5-6 digits of a trading account, prove yourself a consistently profitable trader by taking the evaluation, then be given “live” trading account (from $10,000 to $300,000), and any profit will be split with you (you get 70-85%).
But nobody actually knows about how they work since there isn’t any insider info coming out yet.
People say they actually made money by collecting registration fees, and the profit split to profitable traders is actually other people’s registration fees, since the number of profitable traders actually only count for 1%-ish. Something like a money game (variation of a Ponzi scheme?).
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