New U.K. prop trading opportunity

[Trading Spaces]

Funded Trading Plus - Why we are Different - Launch Webinar

Funded Trading Plus is the most eagerly anticipated prop firm launch of the year. Traders looking for funding can now work with a fair and transparent prop trading firm built by traders for traders.

www.fundedtradingplus.com

 

[Farm Yard Forex]

Fees seem competitive. Still not convinced prop firms are a long term play but possibly a way to compound your own account quicker and go from there.

 

[BigDeal]

I listened to the webinar, and it sounds interesting and the guy seems genuine on the face of it. However I wonder how these prop firms can truly operate. For starters they must need huge reserves, and the risk must be virtually off the scale based on the traders they claim they will accept. How would they get their funding? I don't think many investors would seed them.
I think 'prop' firms are flavour of the month, but of course there is no regulation in this space so no-one to monitor what they are doing.

 

[zamans98]

The daily drawdown is really a drawback
you gives 1:10 leverage, and have a daily DD?
why not give 1:1 leverage. make it simpler, no DD, no nothing