Ftmo reddit. Savings: Get a 10% discount on all future FTMO purchases. might be biased but I agree with FTMO on this one. However, before you can do that, you need to pass their challenge. Now, my hypotesis are 3: They are really professional traders (very unlikel, maybe 1 out of 1000). in reality people will say ftmo is superior, i think u dont have to leave ftmo and can have both of them at once. It is nothing. 1%-0. M1 is made for those looking to build their wealth using powerful automation and topflight rates. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. the split is about 80/20 i think? but you have a pass a test to show you can trade well enough to grow an account without losing more than a percentage of the account. I still think FTMO is a great short term idea. On FTMO's YouTube channel, I was watching one of the videos about the process and they said in the video that you don't need to contact them because they already know your account is ready for the next step. You'll learn so much more about yourself and your trading style and gain real time experience. 3 pips on USDJPY, no rollover no news, London session. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. I felt ready, and started my first ever FTMO challenge on Monday gone, ended up making 9% this week and I am around €70 from the profit target of €1000. I just completed my 4th payout with FTMO today and never failed their challenges. Today's article will be devoted to finding the answers to the several most frequent topics our support colleagues get asked about. I’ve passed 2 test so far but manage to stay positive 4 payouts till I violated the rules by greed . FTMO is legit but definitely avoid non reputable too good to be true prop firms and look at the broker they use too…that doesn’t mean I haven’t ‘wasted’ literally thousands upon thousands on challenges with ftmo. Hey Guys, just passed a demo challenge in 5 days on FTMO, so happy! I'm not selling anything, not selling my EA, not selling… Welcome to FXGears. In this review, we will explain what you need to know about its safety and regulation before opening an account. 4k + 4. Whereas the market orders on ftmo (not all but some) have had insane slippage. I’ve hopefully learnt something from all the pain however. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Trading is hard. I guess the main questions are- is that the best way to do this, should I just hire a CPA (suggestions?), and are any of you trading for FTMO/how are you paying your taxes (if you are US based)? FTMO gives a short time to make 10% profit, which means that traders are forced to trade aggressively and implicitly increase the risk of losing and by this they have their future insured for FTMO because they live off the money of those who lose their fees when they buy a challenge. Trying too hard and studying too hard has diminishing returns and is counterproductive. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Hallo Geldzaken, Ik zal binnenkort officeel een handelaar zijn onder FTMO (een prop firma die handelaars hun kapitaal geeft om te traden). But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? Welcome to FXGears. I dont have any time limits, just need to make 10% no matter its in a few days, or few weeks/months. there are 50 prop firms operating as of now , but no firm can match track record . Posted by u/_iron_wolf_1996 - 5 votes and 17 comments Welcome to FXGears. Do my statements make sense? If yes, why would anyone not go for a swing account? What are the pros and cons of FTMO? : r/Forex Spreads and commissions on FTMO : r/Forex We would like to show you a description here but the site won’t allow us. professionalism ,longevity of FTMO. 9 pip spread on Tokyo session is unacceptable, I get 0. But for the challenge, they're faced with the same problem as before. They kept saying I had to wait till the 10 days are over and then i could reach the 10%. i like that maximum drawdown is 12 percent on mff and cheaper too. news announcement would carry certain rules around trading the event. FTMO does have some downsides though the biggest being the news restrictions. 8 - Win rate of 55-60%. Very happy with myself and my progress, especially that I started trading less than a year ago. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. Passed my first FTMO challenge :) : r/Forex There is no way you'll keep that FTMO account long enough to see consistent profits. But once you have the funded account, there's no reason to take any risk that will blow your account. Who here is using Funded Trading Plus? : r/Forex FTMO turned out to be a scam, and they were supposed to be the most “reliable”. Unfortunately, many are not quite right and many are misleading. Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. Hey guys, Currently I'm doing the FTMO challenge and I got to the profit target. But yea , I would say 4 years to experience the level of knowledge right now Welcome to FXGears. Your first goal for the day is developing good trade ideas, a close second is managing risk. FTMO without second thought. your trades should be your own 34 votes, 48 comments. So now I have my eyes on the high stakes program with 5%ers Welcome to FXGears. However, i have heard that when invoicing FTMO you cant add VAT (20%) because they are based in Prague, so would this make my company liable to pay HMRC that additional 20% out of my companies pocket meaning i lose 50% of my profits as i pay 30% to FTMO and 20% to HMRC? Free Challenge: Earn a free FTMO challenge at the same size as your current account. The reviews and testimonials are all 100% organic. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. I've done challenges on both and I personally prefer FTMO. One piece of advice for people starting the FTMO Challenge now. But they do not provide any more details. are the people that pass your ftmo challenge legit? : r/Forex a little confused about the ftmo max daily loss : r/Forex Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. You initially pay for a challenge account. -Share FUNNY Trading In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. The challenge consists of trading with a virtual account for 10 days, with a specific set of rules and conditions. It's a huge improvement for day traders at least. But here is the problem: is FTMO using the same business model ? Especially because they claim they use their risk management for demo accounts connected to live markets. i think ftmo has better spreads, i like mff due to being bias as my first prop firm. Welcome to FXGears. Learn about ftmo in 2020 . I got slipped 4. FTMO has a dashboard that lists the times that the news will be released. I’ve been trading for about 2 years and have yet to make a consistent profit. I’ve learn the basics in iml back in 2019 . com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! Read Customer Service Reviews of ftmo. FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. 2 on FTMO. 0. You have to be profitable to be able to make money on their FTMO | The Modern Prop Trading Firm since 2015 If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Just wondering how any funded traders on here deal with the news rule on FTMO, that a trade cannot be left or entered within 2 min either side of the news release? However I’m not sure if FXify or FTMO is better; here’s a breakdown: For the same 200k account, no time limit, 90/10 split, monthly payout - FTMO: cost $1387 90/10 split not available at the start first payout is some time after passing (not on demand) along with only 100% refundable challenge fee And did my due diligence asking them (the ftmo team) multiple times if i was allowed to hit the 10% target before the 10 day minimum. Reply reply I traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. I blew two of them after just one payout from each, and one of them I couldn't make a profit before losing it eventually. This is my 3rd time with FTMO. i was naive ! After a deep dive I'm considering the5ers FTMO isn't all sunshine and rainbows, but they have the risk rules in place to protect you (and to protect their money). We would like to show you a description here but the site won’t allow us. with FTMO you can get a practise account and test fills , spreads for 14 days. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. - To be with other like-minded forex traders. Even on Gold I notice there spreads can get a little high. When considering your risk you need to use the maximum drawdown amount, not the total account size. Folks just need to spend more time studying and WAIT UNTIL THEY ARE REALLY READY instead of chasing funded accounts too soon. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! Welcome to FXGears. I didn't personally face any issues, but I decided to cut ties with them after everything that happened. For now this is the end of my journey with FTMO as those who have been following my progress know I develop an algo in the MQL language. I switched to TopTier, had a good time getting through the challenge, and so far, everything's been super smooth. M1 lets you earn, invest, spend, and borrow all on one financial platform. . I have come along way! Please share your experience with trading or even FTMO :) Why are the Ftmo spreads so big? : r/Forex FTMO Suspending New US Accounts : r/Forex I’ve never had an issue with this because I trade by myself. With FTMO I’m fairly certain there are restrictions on certain news evens across relative pairs. Lastly, 10 - 12%, manually/discretionary trading, is very difficult, though possible. Same here. You can't open or close a position on certain pairs 2 minutes before or after a news release comes out that effects those pairs. Nu weet ik dat de belastingen bij forex rond de 1-2% liggen, wat geldt bij handel van je eigen kapitaal. Be patient, manage risk, nobody is pointing a gun at you, If you end up not making the profit target it's perfectly fine, you will try the next month for free. If something still seems unclear even after reading the article, feel free to explore the FAQ section of our website as the answer is likely ready for you there. I think a lot of people don't realize that many of the traders that pass the challenge fail to make their first withdrawal because they fall off after getting funded. 5-1. So obviously, there’s something wrong with the strategy. Now that MFF is having some issues due to their business model that involved using money from challenges to pay traders. FTMO has carefully calculated and set up targets which are unrealistic, high chance for even a good trader to fail, to make 10% in 20 trading days (1 month) you are forced to open larger lot sizes to meet the target but when you do if market goes the other way only a little bit you end up failing the challenge because of the 5% daily drawdown rule, odds are basically against you, they are more FTMO is a prop firm where you can get a funded account to trade. The max daily loss is the thing you need to watch out for. com, a trading forum run by professional traders. I guess that's where personal preference comes in because I'm perfectly fine with risking 0. For example, a U. In the case of FTMO, you would have passed the challenge the first month and gained 10% the second month on $100k, which would be $10k, then take home $7000 from your 70%. I learned a lot in the past months, backtested a lot every fucking day mate. as long as you don't resort to shady practises and align your trading style with them , you are good to go. Please leave your thoughts in the comments. Thats why i bought a challenge on the funded trader recently. I've seen a lot of FTMO Youtube videos interviewing some of their profitable traders who are making anywhere from maybe 5k - 50k profit split in a month. You made 9. I have gotten funded three times with FTMO before but this is the longest it took for me to pass the challenge this time around. Good afternoon Traders! I have successfully passed my $100K FTMO challenge. I personally trade with them, but you have a tight margin of error to work with. Ftmo is a scam I think the only two I would dare touch would be FTMO and 5%ers. 5k This serves as a testament, however, of how badly designed the FTMO challenge is. FTMO basically, made a two-step process to check out your trading performance. The awful truth about FTMO : r/Forex Sorry OP but that's a dumb question. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. I am so hyped and a post like this motivates me a lot. 4k and an end balance of 110k which suggests you must have been about 4% in drawdown on the account in the first place. once you pass they give you the acct, and from then you grow the account and get paid from it All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. I have 2 questions: 1- When have you received your account after passing the challenge? 2- When do I receive the refund for challenge & how do I receive it? Side note: I have tried 7 prop firms since last year. If you pass it, you get funded. Now we can trade through high impact news and hold runners over the weekend if we want. r/GeekSquad is a 100% community-driven subreddit aimed to allow for both clients and employees to engage in meaningful conversations regarding the brand or their local precinct. I used FTMO in the past and they are legit, I was able to withdraw and everything but I had to change my strategy and it doesn't work with FTMO's parameters. Welcome to /r/Netherlands! Only English should be used for posts and comments. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. For FTMO, the two trials involve more luck that normal trading due to the time constraint. IMO, MFF only beats FTMO with better evaluation requirements. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. Like the market owes me right. FTMO is legit, and I assume they have a lot of very successful traders. I think I read somewhere that FTMO paid out 25 million last year to traders. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. FTMO official response: Hi there folks, thanks for your comments. I should add I have also passed a few times too with them. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. I don't think you're going to deny that an 85% winrate with a 10:1 average RRR for a profit factor of 61 is unsustainable. I’ve failed ever since , (spending almost 20,000$)till now this year I’ve been profitable . Swing traders can go through a multi-month drawdown even with a profitable strategy, b That's true. Hi guys, Hope all is well. com - Trustpilot FTMO. FTMO's 70/30. The real question is do YOU have a consistent and profitable method? That is the real question. It sounds simple but please don’t underestimate it. S. For swing traders, it's a great improvement too once they actually get the funded account. the only living thing who sees my trades is my cat. I placed market order on gold at peak London session and the line of execution on mt4 was literally not even close to where the candle was showing. This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. You need solid trades and mostly wins if you don't want to risk losing the account (I have lost 1 account total). Step 1 - FTMO Challenge Welcome to FXGears. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. Yeah im feeling stressed when there are time limits. and cats aren’t allowed to take an FTMO challenge so im pretty safe. Which instruments can I trade and what strategies am I Welcome to FXGears. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. Hello, good day everyone. There's no time limit, so you can tweak and adjust along the way to get getting funded. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms – MetaTrader 4, MetaTrader 5, DXtrade, or cTrader. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. With FTMO, to get your 70% profit share, you have to invoice them, which I would do from my LLC (once I create it). So in this case, it just makes more sense to go the FTMO route. Seeing a lot of videos lately of people passing FTMO challenges on Youtube. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. I'm a little biased though because I also trade bitcoin in addition to forex and the MFF's crypto spreads are horrendously garbage imo. This is why I recently have been focused If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". I think most of it comes to revenge trading and options instead of a stable cash account like FTMO where I don’t have theta or PDT. FTMO is reputable. Mar 4, 2024 · Can FTMO be trusted? FTMO is a popular prop company. FTMO & MFF Funded certificates Doing new ones this year follow my journey! u/wannabechampfx ADMIN MOD • The Secret to Passing ANY Funded Challenges using this 3 Step Strategy, sharing the strategy breakdown, the psychology and the thought process when doing a funded challenge. Additionally, you need close any open positions on the pair it'll effect . 25% per trade with Mentfx since they have unlimited time per challenge, as opposed to 2% per trade with FTMO's 30 day limit. Also live account cant buy you a peace of mind since anybody would rather lose their funded account than blow their live account worth of $3. jnbpcjec keqawq uyxnl zlvd lroc eab fcr tdkgo xdrn qzvjr