It’s no secret that the trading industry is filled with scams and schemes designed to take advantage of vulnerable traders. One of the most prevalent scams in recent years is the “guaranteed prop firm passing service.” These services promise to help traders pass the notoriously difficult prop firm challenges, but in reality, they are often scams that rely on cheap HFT bots and weak, unregulated prop firms to do the heavy lifting.
These services typically target novice traders who are eager to succeed in the industry and willing to pay big bucks for a quick fix. But the truth is, there are no shortcuts to success in trading. It takes time, dedication, and a lot of hard work to become a profitable trader. Any service that promises to help you pass a prop firm challenge in a matter of hours is likely a scam, and you should steer clear. (You can get a HFT bot for free on Google..Think about that before you pay the “Expert” $$$ to pass it for you…)
So how do these guaranteed passing services work, and why are they so harmful to traders?
The basic idea behind these services is that they use a high-frequency trading (HFT) bot to make rapid-fire trades on your behalf, exploiting price gaps and other market inefficiencies to generate quick profits. The idea is that the bot can trade faster and more efficiently than any human, allowing you to pass the prop firm challenge in record time.
But there are several problems with this approach…
First and foremost, these bots are often sold by people who can’t trade themselves, and they require zero trading knowledge or skill to use… They are essentially just tools that anyone can use to make trades without having to learn the basics of trading. As a result, these services do nothing to help you become a better trader or develop the skills you need to succeed in the long term.
Furthermore, many of the prop firms that allow these bots to be used are new and unregulated, with no track record or reputation to speak of… They may refuse to pay out profits or bend the rules to their advantage, leaving traders high and dry. And even if you do manage to pass the challenge with a bot, you may find yourself unable to manage the account once it’s funded, as you don’t have the skills or knowledge to trade successfully on your own.
The bottom line is that these guaranteed prop firm passing services are nothing more than scams. They prey on inexperienced traders who are looking for a quick fix, and they do nothing to help you become a better trader. Instead, they rely on cheap HFT bots and weak, unregulated prop firms to make a quick buck.
So what’s the solution?
If you want to become a successful trader, you need to learn how to trade for yourself. You need to develop the skills and knowledge you need to succeed in the long term, and you need to be willing to put in the time and effort required to become a profitable trader. This is where our service comes in.
At BlackswanFx, we don’t believe in quick fixes or shortcuts. We are committed to helping traders develop the skills they need to succeed in the long term, both through our trend trading robot and through our live trading sessions. We focus heavily on risk management and proper psychology, as we know that these are the keys to long-term success in trading.
Claim your 7 day Free Trial here today!