Forex multi-account manager Z-X-N
Accepts global forex account operation, investment, and trading
Assists family office investment and autonomous management

There are indeed quite a few disadvantages that need to be mentioned when discussing forex trading mentors, but these are mainly due to the forex trader choosing the wrong mentor.

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Forex traders need to understand that most forex trading mentors are simply failed forex traders. Since they have no other options and forex trading is what they are most familiar with, they want to monetize the industry since they cannot make a profit from forex trading to support their families. Many legitimate and successful forex traders will not even accept small amounts of money from clients because it is not worth the time and effort for them.
One of the main disadvantages of successful forex trading mentors is that the fees are quite high, with some mentors charging up to tens of thousands of dollars for courses and mentoring. This course content is often a repackaged version of duplicate content available online. There is a ton of free content available online, and most trading courses or packages are repackaged versions of content that forex traders can get for free online at no cost, except for time and effort. Taking paid forex courses that don’t work can waste years of learning. Even worse, if you are led astray, learning the wrong things can waste time in your life that could be spent doing other things.
In addition, it is difficult for new forex traders to prove that these strategies are profitable. Lack of evidence means that the forex trader is likely to not make money and will lose confidence in what they are doing, not dare to trade, or blame themselves for not learning well enough. Lack of success can cause forex traders to give up the industry prematurely, which is why 90% of forex traders eventually leave the industry, but they often leave without realizing this truth. Therefore, for these reasons, forex traders should take the time to do due diligence on forex mentors before paying for them to avoid wasting money.

Traditional forex proprietary firms have been operating legally for many years since their inception, and online forex proprietary firms are also completely legal, although they are not yet included in the regulatory system.

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Over the past few years, there has been a lot of speculation around regulation and when the industry will be affected by regulation. This is a huge benefit to all Forex traders as many Forex proprietary firms with poor reputations will be shut down due to non-compliance. Cleaning up the industry of non-compliant companies is a positive move and will ultimately provide Forex traders with a safer and more profitable environment to operate in without the worry of being scammed.
Real Forex proprietary trading firms will be looking forward to regulation sooner rather than later. These firms have built their businesses around transparency, compliance and real money funding, i.e. mimicking real Forex proprietary firms, not Ponzi schemes.

Forex traders may experience slippage being manipulated during their trading.

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Some Forex proprietary firms operate on a virtual demo account funding model, i.e. non-real money Forex trading firms. These demo funded proprietary firms only make money from failed Forex traders. If forex traders receive more bonuses and withdrawals from forex proprietary companies, these companies will lose money. Therefore, in order to increase profits, they usually manipulate prices and spreads in forex proprietary trading challenges to ensure that more forex traders lose the challenge. Many external forex traders are trapped in stop losses when prices rise or fall sharply. This method of increasing slippage is similar to that of traditional forex brokers.
In contrast, forex proprietary companies that operate with real money financing models do not use the method of increasing slippage. Because these companies need forex traders to make money in order for them to make big money. The interests and goals of forex traders and forex proprietary companies are consistent, and there is no conflict of interest.

Forex proprietary companies with lower reputations often use various rules to refuse to pay profits to successful forex traders.

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These companies set very complex rules and restrictions in terms of challenges, exams, registration, etc., and foreign exchange traders are often not aware of or even unable to figure out all the details. This is intentional by the foreign exchange proprietary companies in order to be able to suspend payments and refuse withdrawals to foreign exchange traders when necessary.
Usually, this is done by foreign exchange proprietary companies that provide demo account capital. These companies use complex rules and restrictions to make foreign exchange traders face many obstacles in the trading process. When foreign exchange traders are successful and ready to withdraw profits, the companies will refuse to pay profits on the grounds of various rules to protect their interests.
Therefore, it is very worthwhile to fully understand all the trading rules of foreign exchange proprietary companies before challenging them. Foreign exchange traders should read and understand these rules carefully to ensure that they will not suffer losses during the trading process due to unfamiliarity with the rules. By fully understanding the rules, foreign exchange traders can better simulate their trading plans and deal with various situations more calmly during the trading process.

Some proprietary forex firms will use slow or suspended withdrawals to delay the payment of profits to forex traders.

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When any proprietary forex firm begins to slow withdrawals, it is a worrying sign. Time and again in the forex trading news, when proprietary forex firms are in financial trouble, they take several times longer to process withdrawals from forex traders. As withdrawal times continue to lengthen, negative reviews will pour in. Once negative reviews appear online, the number of registrations for proprietary forex firms will decrease. Without a sufficient number of challenge fees, registration fees, and exam fees to support successful forex traders, proprietary forex firms will often collapse overnight.
This phenomenon is very typical of Ponzi-style proprietary forex firms. These firms fund forex traders' trading accounts with demo, virtual, and non-real capital. They rely on a constant stream of new forex traders signing up to increase their income. If no new people join, it will be the time of downfall.

13711580480@139.com

+86 137 1158 0480

+86 137 1158 0480

+86 137 1158 0480

Mr. Zhang

China · Guangzhou