Yrurbano, sorry about derailing your thread.
Full disclosure - I don’t trade for any prop firm but I do read up on and occasionally follow others that do, like Alg’s thread on price action (which is a really good read).
If and when I do I’d want to know if it’s a legal entity, where it’s registered, if it’s being overseen by some regulatory body (I haven’t looked into it) and go over it’s terms of use (and other rules) with a fine tooth comb to spot any suspected irregularities.
Edit: If I have enough starting capital I’d probably risk taking the challenge on one of it’s smaller accounts to familiarize myself with the product and get first hand experience in dealing with them.
From the little I’ve seen so far there’s a lot of anecdotal evidence to support FTMO’s legitimacy. This is the most well known prop firm and there are quite a few out there.
There are also stories of bad prop firms like Funding Talent and owner Jessica Ghaney, where it’s alleged she pays successful traders off the deposits of those failing the challenges. But that’s the case with any type of istitution, like brokers, in this industry I believe. There are always good and bad apples.