IC Markets
3:09
2:39
2:10
2:18
3:43
8:42
Prop Firm Scams and Red Flags
3:12 · 8 chapters · Forex lessons, part 85
What you'll learn
Before you pay any prop firm fee: named company, clear payout terms, and payment only through its own checkout.
Go further with our written guide on this topic, browse all the free Learn Forex lessons, or check today's market in our forex news.
- Key point 1
- Red flags to spot before paying a challenge fee
- Key point 2
- Warning signs that a firm is stalling payouts
- Key point 3
- Common scams: clone sites, pass services and fake dashboards
- Key point 4
- What to do if you already paid a suspicious firm
- Key point 5
- A 15-minute check for any prop firm
Rules and limits from regulators and official sources; every price, account and chart in the video is an example. Education, not financial advice.
More forex lessons
The video is presented by an animated host with a computer-generated voice; the research and checks are by the FX Recap team. Risk warning: forex and CFD trading carries a high risk of losing money because of leverage, and most retail accounts lose money. This is education and review, not financial advice. FX Recap may earn a commission from some broker links; see our affiliate disclosure.