👀 Prop Firms Suspended by Trustpilot

Hi guys, it’s Kieran! Another week is upon us and the markets are open, so it’s time to get prepared for the week ahead. Let’s get into it!

📢 Prop Firm Industry News

Last week, Blue Guardian and Audacity Capital had their ratings suspended and hundreds of reviews removed from Trustpilot, due to breaches of their guidelines.

“We’ve detected and removed a number of fake reviews for this company,” their Trustpilot page’s note. “If we find additional fake reviews on this profile, we’ll remove those too. If you believe a review is fake, you can flag it.”

Anyone who is a frequent user of prop firms will no doubt be familiar with this practice in the industry. It is very easy to spot fake reviews on Trustpilot, to the point where Trustpilot scores are essentially meaningless. Usually filtering on 1 star reviews is the only way to get somewhat an idea of the risks of using a certain firm, albeit a very one-sided one.

It’s certainly not a good look for the prop firms suspended, but there are many more firms engaging in practices which are against Trustpilot’s T&Cs, namely offering incentives for 5 star reviews and clearly buying fake reviews. It will be interesting to see if these are isolated cases, or it’s the start of a wider industry crackdown.

From Payout Junction, here are the firms who paid out the most over the last 7 days 🏆️.

🔥 Monitor prop firm payouts LIVE on Payout Junction - https://payoutjunction.com.

🕜 Economic calendar

Here are this week’s red folder news events. European PMIs will be interesting today as well as US GDP and Unemployment Claims on Thursday.

📈 The Macro View

No major Sentiment changes.

A relatively quiet week in the equity markets, and no major sentiment shifts. Trump keeps mentioning 2nd April as ‘Liberation Day’ where every country will get their tariff number. Maybe the market is on standby for this, but a lot can happen between then and now.

This has been a historical sell-off so far.

The S&P 500 sell-off has been sharper than the average correction over the last 100 years. The index has fallen 10% in just 22 days, making it the 6th fastest correction in 75 years.

Physical vs Digital Gold

Gold cleared $3,000 last week and as per Goldman Sach’s, has seen it’s biggest 4-week inflow ever ($10.6bn past 4 weeks). The ‘Risk off’ feel of the equity markets has subdued Bitcoin these last few weeks. The gap between them has opened wide but as these markets usually trade in a correlated manner, don’t be surprised to see this gap close soon. BTC up +1.5% this morning.

Gold Seasonality about to kick in

With Gold very much in focus now, let’s take a look at it’s seasonal performance on a 20-year lookback. We have typically seen Gold rally from now until the 2nd week of April so let’s see if it plays out!

OK guys that’s it for this week. Stay safe out there, and see ya next week!

Kieran

Thanks to everyone who votes and leaves feedback in the weekly poll below. I check the results, read the comments, and greatly appreciate hearing from you. Like something? Dislike something? Want to see something new included the newsletter? Click the poll below and let me know! 🙂

🔥 Monitor prop firm payouts LIVE on Payout Junction -https://payoutjunction.com.