Recently, a post in a trader prop trading group raised concerns about an individual seeking a partner for trading. The person claims to have trading experience since 2016 and offers a property as collateral to potential investors. However, their previous partner allegedly took off with the profits.
Key Red Flags to Consider:
- Unclear Offer & Poor Presentation – The proposal lacks structure and professionalism, making it less trustworthy.
- Collateral in Trading is Unusual – Legitimate prop trading firms do not require real estate or asset collateral; they provide funding instead.
- History of Missing Funds – The claim that a previous partner ran away with money raises concerns about risk management.
- No Verifiable Trading Records – Without proper audit trails or trading statements, the profit claims are questionable.
Final Thoughts:
Before engaging in such offers, ensure that:
✅ All agreements are legally documented and verified by a lawyer.
✅ There is proof of consistent trading success through verifiable statements.
✅ The risk of losing your investment is clearly understood.
If an investment seems too good to be true, proceed with extreme caution. Always verify details before committing your funds.