Many prop firms are legitimate and offer real funding opportunities, but some may have hidden fees or strict rules. Always check independent reviews, terms, and user feedback before joining.

In most cases, you're trading the firm's capital, not your own. However, you may be required to pay for an evaluation or challenge phase, and fees are usually non-refundable if you fail.

While some firms require proven experience, many allow beginners to join after passing a trading challenge. Strong knowledge of risk management and trading strategies is highly recommended.