Are Funded Trading Giveaways Actually Helpful for New Traders?

[Thomas Scottish]

Been noticing more prop firms lately using giveaways/challenges to attract newer traders, but most of them are either unrealistic or encourage pure gambling behavior.

One thing I found interesting recently was a community event being done with The5%ers where 10 traders can receive $25k funded accounts. The focus seems more around participation and community activity rather than just “flip an account fast” trading.

Requirements were basically:

• register with The 5%ers

• leave feedback/review about the firm

• engage in the trading community discussions

Curious what people here think about these kinds of funded-account giveaways in general.

Do they actually help traders get started, or do most people just treat them like lottery tickets?
https://x.com/propfirms/status/2051298097071022277