Prop Firm Passing Services – Are They Legit? 

Table of Contents

• The Rise of Prop Firms and Prop Firm Passing Services
• Understanding Prop Firms
• Potential Earnings with Prop Firms
• What Are Prop Firm Passing Services?
• The Logical Flaws of Passing Services
• A Recipe for Disaster
• The Reality of Prop Firm Passing Services
• Developing Your Trading Skills
• Why Skip the Evaluation?
• Conclusion

The Rise of Prop Firms and Prop Firm Passing Services

In the trading world, there’s a growing interest in “funded account trading,” where traders use Other People’s Money (OPM) to trade. Proprietary trading firms (prop firms) make this possible, offering a pathway for traders to trade professionally without risking their own capital. While prop firms provide a legitimate opportunity, the rise of prop firm passing services has added complexity to the scene. In this article, we’ll explore what prop firm passing services are, how they work, and whether they’re a legitimate option for aspiring traders.

Understanding Prop Firms

Traditionally, prop firms were physical entities, primarily located near financial hubs like Wall Street. They hired talented traders to trade the firm’s capital, sharing profits between the trader and the firm. Today, many prop firms operate online, allowing traders worldwide to apply and trade remotely from the comfort of their home. The process usually involves an evaluation phase, where traders must demonstrate their ability to trade profitably under live conditions for a small fee. At Avatar Prop Fund, we offer traders a chance to bypass this evaluation all together if they are confident in their crypto trading skills!

Potential Earnings with Prop Firms

Prop firms typically offer profit splits ranging from 50% to 90% of the profits earned by traders. At Avatar Prop Fund, traders can earn up to 90% of the profits and access up to $1,000,000 in funded accounts, trading over 300 different cryptocurrencies. While the earning potential is substantial, it’s crucial to recognize that approximately 90% of traders fail to achieve profitability. Therefore, aspiring traders must hone their skills and approach funded accounts with realistic expectations.

What Are Prop Firm Passing Services?

The surge in interest for funded accounts has led to the emergence of prop firm passing services. These services claim to pass the evaluation phase on behalf of traders, enabling them to secure funded accounts without undergoing the evaluation themselves. At first glance, this might seem like an attractive shortcut, but a closer examination reveals significant pitfalls.

The Logical Flaws of Passing Services

Prop firm passing services present several logical inconsistencies. If these services can consistently pass evaluation phases, why wouldn’t they trade funded accounts themselves and reap the higher profits? Charging fees of $50 to $150 to pass evaluations seems illogical when they could potentially earn 10 to 100 times more by trading successfully​. In theory, these passing services could accumulate millions of dollars in trading capital by passing multiple challenges from multiple prop firms, so why don’t they? 

From the trader’s perspective, relying on a passing service raises serious concerns. If a trader lacks the confidence to pass the evaluation, how will they handle the pressures of trading a funded account? Many traders mistakenly believe that having access to more capital will automatically make them profitable, but this often leads to taking excessive risks and poor performance.

A Recipe for Disaster

Combining a service with dubious business logic and traders with misplaced confidence creates a recipe for disaster. Not only do traders have to pay for the evaluation, but they also incur additional costs for the passing service, with no guarantee of success. Even if the passing service succeeds, the trader still needs to trade profitably and consistently to retain the funded account​, which is a massive goal in of itself.

The Reality of Prop Firm Passing Services

In reality, prop firm passing services are often a waste of time and money. At Avatar Prop Fund, we advise traders to avoid these services and instead focus on developing their trading skills. Our policy allows traders to skip the evaluation altogether if they demonstrate genuine trading proficiency. We also provide an extensive library of free trading education with proven trading methods to help you become a profitable crypto trader, or trader in general! 

Developing Your Trading Skills

Becoming a profitable trader is no easy feat. It requires dedication, continuous learning, and practical experience. Instead of seeking shortcuts, traders should focus on building a strong foundation of trading knowledge. Here are some steps to help you develop your trading skills:

1. Education: Invest in quality educational resources. Books, online courses, and webinars can provide valuable insights into trading strategies, risk management, and market analysis. Avatar Prop Fund Provides this.
2. Practice: Use demo accounts to practice trading without risking real money. This allows you to test different strategies and gain confidence in your trading abilities.
3. Mentorship: Seek out mentorship from experienced traders. Learning from those who have successfully navigated the markets can provide invaluable guidance and accelerate your learning curve.
4. Community: Join trading communities and forums. Engaging with other traders can offer support, share ideas, and provide different perspectives on trading.
5. Review and Reflect: Regularly review your trades and reflect on your performance. Identify your strengths and weaknesses, and continuously work on improving your skills.

Why Skip the Evaluation?

At Avatar Prop Fund, we believe in empowering traders who demonstrate true proficiency. By allowing traders to skip the evaluation phase, we offer a unique opportunity for those who are confident in their abilities to start trading immediately. This policy not only saves time but also provides a clear pathway for skilled traders to access significant trading capital. It only shows that we do not have an inherint bias towards passing services, we simply want traders to remain informed.

Conclusion

Prop firm passing services may appear enticing, but they are fraught with risks and inconsistencies. At Avatar Prop Fund, we believe in empowering traders to succeed through their own merits. By focusing on skill development and adhering to best practices, traders can achieve long-term profitability and make the most of the opportunities offered by prop firms.

If you’re ready to take your trading to the next level and secure a funded crypto trading account, consider taking our challenge today. Happy trading!

For more information and to get started, visit Avatar Prop Fund.