I Got SCAMMED

I've been using Lux Trading Firm to manage my capital for six months now, and I wish I had found them sooner. It's your turn to stop getting scammed by fake prop firms too. 

Last week, I had a realization.

I was scrolling through my trading journal, reminiscing on all the profits I'd made over the past year. 

when it practically punched me in the face.

I could have made 3x more. 

Now I’m not complaining, 

Nonetheless I'm very fortunate to be where I am today, but regardless of where you're at along your journey, getting scammed will always feel degrading. 

And it wasn't because my trading wasn't good enough.

But because I simply, got, scammed. Multiple times.

By prop firms that I trusted with my capital and my time.

Here's what I learned the hard way about why almost every prop firm out there is designed to steal your money:

The Prop Firm Scam Nobody Talks About

Most prop firms use fake simulated money.

Think about that for a second.

They're not giving you real capital. 

They're giving you monopoly money and charging you hundreds of dollars for the privilege.

But here's the real kicker: They only make money when you lose.

You see the problem, right?

You're paying them fees, they're not risking real money, and their entire business model depends on you failing.

They have every incentive to make sure you never see a payout.

How I Got Burned (So You Don't Have To)

The License Disappearing Act:

I can't tell you how many times I was in massive winning positions, only for this prop firm to "lose their license" overnight.

Boom. Back to zero.

All those months of grinding, all those perfect trades, all that profit – gone.

They'd transfer me to a "new account" and I'd have to start the evaluation process all over again.

Convenient timing, right?

The Impossible Consistency Rules:

Then there's the "instant funding" firms with their 15% consistency rules.

This means your best trading day cannot be more than 15% of your total profits.

Let me break down how insane this is:

If you make $1,000 in total profits, your best single day can't be more than $150.

So if you catch one really good trade for $500, you're automatically disqualified.

They're literally punishing you for being a good trader.

The Hidden Fee Nightmare:

But the worst part? One of my private students got hit with a $200 fee for holding a USDCAD position overnight.

On a swing trading account.

$200. For doing exactly what swing traders are supposed to do.

These firms will find every possible way to extract money from you while giving you nothing in return.

The Only Prop Firms You Can Actually Trust

Here's what changed everything for me:

Real money prop firms.

They ONLY make money when you make money.

You see the difference?

Instead of betting against you, they're betting WITH you.

They want you to win because when you win, they win.

No fake money. No conflicting interests. No hidden fees designed to drain your account.

Just real capital, real profits, and real payouts.

That's why Lux Trading Firm is the only prop firm I recommend and trust with my money.

I'm using them to manage somewhere close to $1 million in 2025, and every dollar I make goes straight to my bank account.

No games. No excuses. No "license issues."

Trading Psychology Tip of the Week:

Stop chasing prop firms that make you jump through hoops.

If they're asking for evaluation fees, charging you for basic trading activities, or have rules that punish good trading – they're not on your side.

Your time and capital are too valuable to waste on firms that profit from your failure.

Resource of the Week:

Before funding any prop firm, ask yourself:

Are they using real money or simulations?

Do they make money when I lose or when I win?

Are their rules designed to help traders or eliminate them?

If you can't get clear answers, walk away.

That's it for this week. Keep it simple, keep it real, and keep your money away from scammers.

Talk soon, 

Atif

P.S. Every prop firm that "lost their license" right when you were about to get paid knew exactly what they were doing. They didn't lose anything – they stole from you and called it business.

Learn from this, it would be childish to make the mistake after reading all the way up to this point. 

Check out Lux Trading Firm here if you're ready to work with a firm that actually wants you to succeed.