Pro Trader’s are allowed to borrow in order to make purchases. This is reflected in negative balance and payments can be made manually to avoid fees.
Who is the lender? How is risk/abuse going to be managed?
I love the idea of leverage, but not the risks that come with it. Nothing would stop me from setting up 2 accounts, taking a loan out on one of them and trading back and forth between the 2 accounts to transfer the value to the second account that has no loan, and then withdraw from that account and abandon the account that had the loan. A KYC process would be needed at a bare minimum along with strong processes to detect and manage fraud/abuse of the system.
Instead of pro traders it should be limited to “trusted traders” verified by Mike personally and framed as a personal loan between Mike and the trader. Opening up to pro traders could come later once the tools/processes needed to manage risk properly have been created.