Ftmo review reddit FTMO's 70/30. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. 377K subscribers in the Forex community. 3200$ Always payout, every time. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. Modifying SL & TP orders - that would be a bit more complex, and it's something I don't need: Since I am simply copying trades from Oanda to FTMO, I do all of that trade management in Oanda and just do the final close in FTMO. Although I must note that sometimes these reviews are from people with alternative motives, as the Reddit reviews aren’t from certified users. Ok i meant $5k max daily loss. So in my case, I reached a draw down exceeding 5%, but never an I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. FTMO official response: Hi there folks, thanks for your comments. Nov 22, 2024 · In this section, we will briefly analyze FTMO reviews on online forums like Trustpilot and Reddit. We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. Any updates I have (if I can find this Reddit post again) I will add additional threads to it. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. The FTMO head office is in the Czech Republic, while that of The 5%ers is in Israel. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. " 13 votes, 60 comments. With FTMO, investors can trade various instruments, such as Forex, stocks, cryptocurrencies, bonds, and more. When MFF imploded , I wanted to buy a 200k FTMO account, but I decided to get 2x100k, one each with FTMO and 5%ers to spread the risk out of another implosion. 5% monthly, if I was trading a personal 50K account, I'd be up $9000 EOY. My 1st month I almost hit 30% using only the 5 min chart of apple. It was the Technology Fast 50 Winner by Deloitte for the past four years, has prop traders from 180+ countries, a maximum profit-share of 90%, allows maximum leverage of 1:100, a two-step verification process, and has no strategy restrictions on the MT4, MT5, and cTrader trading platforms. Welcome to /r/AMD — the subreddit for all things AMD; come talk about Ryzen, Radeon, Zen3, RDNA3, EPYC, Threadripper, rumors, reviews, news and more. I actually had an account with the 5ers but blew it because I was hedging with FTMO. The real question is do YOU have a consistent and profitable method? That is the real question. Free Challenge: Earn a free FTMO challenge at the same size as your current account. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. At the very least so far what I’ve found out about them seems to be correct. FTMO without second thought. Searching for it online is a waste of time. Great spreads, no… The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. - To be with other like-minded forex traders. 58 votes, 46 comments. This serves as a testament, however, of how badly designed the FTMO challenge is. Ftmo is a scam never pay regular price for challenges in MFF. A new prop firm could go bankrupt if their model is not bulletproof. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. Agreed. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. User Reviews and Feedback: Research user reviews and testimonials from other traders who have used the EA. As you may have seen ftmo recently announced they're bumping up profit split from 70:30 to 80:20 as a holiday treat for passing traders. Uhum. Competition in the space makes everyone better off! Now is the time to take advantage guys ftmo profit split update FTMO would allow you 10 trades of %1 losses in a row before failing the challenge. TheFundedTrader community is definitely what draws me to this one, the staff are friendly and engaging and the discord community too. 2m. FTMO is generally considered a trustworthy prop firm based on several factors: Long Track Record: Established in 2015, FTMO has a history of operating successfully and paying out traders. FTMO - Normal Swing Account Customer Support: N/A - Not had to use at all. Prices are relatively higher than other firms but Here, you'll find transparent reviews, insightful strategies, and regular updates on reliable, profitable EAs. https://canadianfuturestrader. It must’ve hit SL due to spread, I have an FTMO account and I know they’re not cheats, it’s in their best interest that you make money! Thank you for the feedback I will definitely have a look at his YouTube channel and I do already know some of the basics on supply and demand , I have been watching another channel called Dave teaches and although his videos are long his strategy he uses look so simple and he trades with supply and demand as well as mitigation and imbalance on the 1m and 15m and from what I have seen from his On this community our goal is to share most latest forex trading manual and automated strategies. r/Daytrading • I just crossed + $375,000 in profits after 18 months of full time day trading. One problem with all of these firms is the perception of the account size so eventually--at least in the US--they may eventiually have a problem with the Federal Trade Commission (FTC). The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. I have downloaded the cTrader from the FTMO website and I tried to login with the login credentials from my FTMO account but it failed. If you haven't already proven your ability to profit consistently, just think of it as a premium simulator. I have no time to mess with that as I am running 300k with FTMO. So this how the first FTMO payout went. The issue here is that you see all the 'success' stories and no failure stories. FTMO has also started acquiring other trading firms like Quantlane. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. Live futures data, realistic executions, free platform license, and the psychology of having real money at stake with minimal risk. In the other note I believe in every single one y’all who are trying to make a change. Nov 22, 2024 · It’s always essential to hear what others have to say when reviewing a platform or service. I wish people would give honest reviews instead of peddling. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. 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. So to them, it is a completely risk free business. I hate that FTMO doesn't integrate with TradingView and wish they had more futures to trade. But my point still stands, if you want to trade properly you dont want your drawdown to reach anywhere near that $5k, let alone the $10k since you'll just be putting all your eggs in one basket. if you are good enough to pass these challenges and get a payout you really don't need to use one of these companies. I've made 4 withdrawals since May. Feb 8, 2024 · FTMO Review Summary. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. But for the challenge, they're faced with the same problem as before. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). The FTMO Challenge rules and Verification process are well-documented and Nov 28, 2023 · If you desire to search out more FTMO complaints, Reddit reviews are usually a good place to find swaths of people airing their grievances. I like to swing trade in the 4 hour time frame so I’d prefer to find one that isn’t too strict about holding over the weekend or trading during news. If you are as well, you have your FTMO app that shows your daily allowed drawdown. FTMO enjoys a stellar reputation on Trustpilot with a rating of 4. FTMO, a leading prop trading firm, is expanding its reach into the retail brokerage space. with FTMO you can get a practise account and test fills , spreads for 14 days. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. (1% of risk per trade with 66% win rate) FTMO rules are far laxed compared to the firm I work for now but l manage a far bigger book and obtain bonuses and payouts. You can lose 10% on FTMO with 10% target, so you have to double your account. 8 - Win rate of 55-60%. No "gotcha" moments or stupid fine print rules. -ftmo's business model is based on the failed challenge fees. 46 :D Soooo happy nowadays, "prop firms" tends to mean firms like FTMO, where you are actually trading a demo account and failed challenges are more than enough to cover any win that a tiny percentage of traders will have. This will be the closest thing to a real account. This is a testament to their exceptional service and trustworthiness in the forex trading community. there are no data fees to be paid Welcome to FXGears. Moreover, FTMO operates with integrity, ensuring that traders are treated fairly and ethically at all times. I think I read somewhere that FTMO paid out 25 million last year to traders. Editor’s Verdict. Economic releases can be powerful tools for traders, offering valuable insights into market movements. FTMO Pricing On my 25k FTMO Challenge it says the max daily loss is exceeded today but it never actually did, i never did at any point go into drawdown above $1,250, i had stop losses set for every trade and today i only lost $698. Updated : September 26, 2024. The founders aim to continue improving the educational aspects of the platform. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. The rules are better than FTMO. The main reason is rules and laws. Trading with the (FTMO) Economic Calendar. After reading numerous reviews and learning about their business model, I can't see how anyone could not think it's a kind of trading pyramid scheme/pseudo-scam that ultimately roped you in and juices you until you just give up eventually or "fail" out because of their requirements. Hey guys, shaemless plug but heres an honest review! Especially coming from having tried multiple prop firms such as Myforexfunds and FTMO. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. professionalism ,longevity of FTMO. FTMO does have some downsides though the biggest being the news restrictions. FTMO Reviews on Trustpilot FTMO has received overwhelmingly positive feedback on Trustpilot, with a TrustScore of 4. FTMO actually gives you $100,000 to trade with. Despite it's CFD, you don't have the issues of future prop firms like contracts limitation, trailing drawdown, performance day conditions, no refund the FTMO spread is acceptable for day trading especially during NY session for indices Jun 27, 2024 · FTMO Reviews on Reddit The prop firm is generally well-regarded, according to FTMO reviews Reddit users shared. FTMO’s model is very innovative though … once having passed the Challenge and Verification test phases and having become eligible to participate on the FTMO platform, the so-called FTMO ‘trader’ basically just plays an electronic game of simulated trading with virtual funds Sep 29, 2021 · FTMO is one of the leading firms in the forex prop trading space with over 6000 new members joining in 2020. That being said, ftmo recently made available extensions if you are close to the target and from day one even if you don't hit the target within 20 trading days you will get a retry anyway. 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. Jun 27, 2024 · Meanwhile there are also negative FTMO reviews on Reddit, pointing out the challenging rules regarding drawdown, which limits the flexibility in implementing some strategies. I am a bot, and this action was performed automatically. I can say FTMO is totally legit. Take your time, bad losing streaks happen to everybody. Written Hello, good day everyone. 3 pips on USDJPY, no rollover no news, London session. Very happy with myself and my progress, especially that I started trading less than a year ago. Forex trading Robots and various Expert Advisors! You can meet all their goals but if you don't pass the interview, you can't get to the top. Basically it is 5%, or 5000 on a 100k challenge, a day and increases with your profits ON THAT DAY ONLY. 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 stars out of 5, based on 5,535 reviews . If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. I see a lot of people passing the FTMO challenge and doing their first withdrawal - very rare to see someone that is still showing their progress after 6months+. Here are testimonials of our traders. Thanks for reading this FTMO review. they researched ftmo and found that their traders only trade the demo account as most lose. If they pass, you pay. Sorry OP but that's a dumb question. TL;DR: Your FTMO app shows your daily allowed DD after every new trade. S. You have to be profitable to be able to make money on their Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. 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? FTMO - I’d advise anyone to use FTMO before another firm as an overall choice, simply because they’re possibly the most established and reputable firm among the industry. which is more than enough to pay out the traders that do make money (90%+ loose) Savings are hard to come by because FTMO doesn't give them out very often. as long as you don't resort to shady practises and align your trading style with them , you are good to go. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. FTMO has received overwhelmingly positive feedback on Trustpilot, with a TrustScore of 4. It looks like a good option to the well-known FTMO. I don't think you're going to deny that an 85% winrate with a 10:1 average RRR for a profit factor of 61 is unsustainable. FTMO developed a unique 2-step Evaluation Process for traders. 10%/month like FTMO is not realistic imo. Something else the program doesn't currently do is partial closes. There seem to be quite a few users leaving negative reviews. These reviews analyze key metrics like profitability, drawdown, win rates, ease of use, and costs to provide an unbiased assessment of a robot's strengths and weaknesses. Posted by u/the_real_new_guy - 1 vote and 11 comments But Lambo Raul has made a record for the highest payout from FTMO. What Is FTMO? FTMO was founded in 2017 by owner Otakar Suffner with the aim of providing funded accounts to talented traders. Reply reply The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. 800$ 4. The founders want to keep FTMO headquartered in the Czech Republic. If you’re trading with Ftmo it’s pointless to check instrument prices on TradingView as they don’t have FTMO listed as a broker. The max daily loss is the thing you need to watch out for. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. Real-Time Monitoring: Some EA robots have real-time monitoring features, allowing you to track their performance and trades in real-time. I have come along way! Please share your experience with trading or even FTMO :) i can’t decide whether i wanna go with FTMO or toptier trader. Each to their own - One person may see it as a 'flex' another as 'inspiration' Hey guys, been a mff then ftmo U. - No challenge was done in a day or a single lucky trade, all trade has clear risk and SL. FTMO offers greater flexibility in trading methods, including swing-based and longer-term strategies, and encourages a patient and risk-averse approach. The website, dashboards etc are waaaaay above other forex prop firms, looking actually pro. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. Many reviewers have shared their experiences of passing the challenge and verification phases, receiving their funded accounts, and getting their profit splits on time. And even extra 10% more for those qualifying under the scaling plan. FTMO doesn’t have time limit anymore, so I would decrease risk even more, risk so little that you can easily lose 20 or more trades in a row. It is totally up to you whether which platform you choose. It has been recognized as the Technology Fast 50 Winner by Deloitte consecutively for the past four years, underscoring its rapid growth and innovative contributions to the sector. I’ve been trading since I got out of high school 2021. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. Do my statements make sense? If yes, why would anyone not go for a swing account? You initially pay for a challenge account. 1600$ 5. FTMO Review 2024 FTMO is a prominent Forex proprietary trading firm based in the Czech Republic, renowned for its significant achievements and broad global reach. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. So if you are up 30k TODAY you can drawdown It has been around 6 months since i got the funded account from FTMO. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. FTMO has specific rules and guidelines for trading in their Challenge and Verification phases, and it is recommended that you review these rules before starting your trading. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. I also read some reviews on TrustPilot and it seems like the Daily drawdown is one of the main reasons why traders fail the FTMO challenge. com, a trading forum run by professional traders. FTMO is a Forex prop firm headquartered in the Czech Republic. MFF and especially FTMO are golden. Some of them have also posted 378K subscribers in the Forex community. None of the people that fail post anything up on reddit because there is no point, while the people that succeed (which is a tiny %) are on here having their 15 mins of fame before 99% of them inevitably lose the account which they attained through luck rather than actual trading skill. While large position sizes and high trading frequency may seem appealing, FTMO provides examples showing that a more conservative approach with smaller positions and less frequent trades can actually lead to better overall I just recently got my first FTMO challenge. 80 after all the trades hit my stop losses. I bought the 10k challenge and plan on working my way up to 100k and just using profits to scale up and pay for the next challenge. Educational content as well, psychology webinars and so on. Check out our FTMO Review here on Reddit. Showing consistent results on 3 challenges (6 diff accounts) on FTMO: - RRR of 1. Mar 4, 2024 · In the prop trading space, FTMO is a leader - and for good reason. FTMO only lets you trade CFDs, which is illegal in the U. Old is Gold. So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! 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. FTMO is legit, and I assume they have a lot of very successful traders. Now we can trade through high impact news and hold runners over the weekend if we want. And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". to be fair, they are cheaper than FTMO and they allow trading during news events that's why i tried it out (i believe FTMO doesnt allow it once you are fully funded even for non-swing account) 4 days ago · Attention Forex Traders, I want to share my unfortunate experience with FTMO, a prop trading firm. Deloitte doesn't hand that shit out like candy because their own brand's credibility is on the line when they do. Since FTMO is now gone and that’s what I was planning to use, which other prop firm(USA) is legit? I know how they work and I… I got slipped 4. 8 days of trading, 259 trades, Profit factore 2. In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. Savings: Get a 10% discount on all future FTMO purchases. 20 votes, 56 comments. S client and been profitable for awhile with a 50k account making about 2-5 percent a month . Except with taking a prop challenge, you can pick the day when you're ready and if a lot of props removed a time limit, then even better. Currently trading 200k and once I max out ftmo I'll look for others prop firms to get more AUM but until then ftmo is the way to go for me. 5% with the 5%ers, all due to the spreads. However, continuing to give FTMO 10% of my profits and more importantly the data they collect over time with all my trades is reason enough for me to move on. FTMO has a dashboard that lists the times that the news will be released. G. 5 months per scale up. Its profit split structure starts at 80% and transitions to 100% profits quicker than Bootcamp, and the additional monthly salary is a unique incentive. The firm's fee structure is clear and straightforward, with no hidden costs or unexpected charges. This is just my opinion, and the reason why I'd rather pay a little bit more for a FTMO challenge instead of going for an inexperience new prop firm run by influencer. You can choose from three account types — Standard, Aggressive, and Swing — each with specific parameters to suit various risk preferences. so pretty much same amount. FTMO really doesn't like it when you risk a lot. Even on Gold I notice there spreads can get a little high. 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. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. Never heard of Funding talent /LMAO/. Now, my hypotesis are 3: They are really professional traders (very unlikel, maybe 1 out of 1000). Can't go wrong with FTMO. We don't have the greatest choices here stateside compared to those living in Europe. Im currently doing the challenge myself. This strategic move signals FTMO's ambition to stay ahead of the curve in the evolving online trading landscape. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. What makes their two-week account great is you can get familiar with what the spreads are with them, and how much commission they charge. I see no reason to use anything either than FTMO, they have established themselves, have lots of good reviews and most importantly they have the capital to pay people and support their system. in short it seems like they cheat by making you lose the money you invested to do some challenges to get an account with them (propfirm). Commissions/spreads are low and competitive. so let me clear things up: your trades never get placed in a real market. 0. Additionally, you need close any open positions on the pair it'll effect . You will never have worry about a "MyForexFunds" moment w/ FTMO. If I was trading a 2M account, I'd be up $360,000. Unfortunately, many are not quite right and many are misleading. even if it's just a simulation. 1% with FTMO and +4. I know FTMO offers a free 2-week demo challenge account to practice on. If you believe this was a mistake, please kindly message the mods. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. L Yes, from my review of the same question, I believe US persons or entities can participate on the FTMO platform. Trust the process and don’t give up. 😕 Customers from the US are no longer welcome. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. If you are really want to go for Funding talent then you should research it in detail. This subreddit is dedicated to discussion of the techniques, difficulties and joys of creating, applying and evaluating elearning of all types. FTMO Review. Their scaling plan of 10%/4 months is more realistic. both look good but toptier seems to have more customizable options. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. the best prop firm is still the same: FTMO i received my payout with quick international transfer within 3 hours to my bank account. I guess time will tell as FTMO matures and more traders are funded. If I had blown the FTMO account then I would be with 5ers and would know more by now. Considering how low the pass rates are for the challenges and then getting a record payout makes me think he is legit. With more than 10,000 traders worldwide, they have the great profit splits, an unblemished record of making payouts on time, and one of the best overall reputations in the industry. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. FTMO are dodgy af. So I've been a funded trader with FTMO, which obviously means I've passed phase 1 and 2 of their challenge. The subreddit has not kicked you out or gone private. Reviews and what people say about them in the social media look good. , whereas other people say FTMO, like 'all prop firms', make money through people paying for, failing, and repeating their challenge, and those who do pass are Why isn't there any proof of FTMO scamming people. While you're at it, read through Reddit's "reddiquette" here. Their experiences can provide insights into the EA's effectiveness and reliability. One big difference is that ACG has a lower 8% Phase 1 goal for its prop business challenges, which makes it easier for traders to pass. 2 on FTMO. Please contact the moderators of this subreddit if you have any questions or concerns. there are 50 prop firms operating as of now , but no firm can match track record . It's a huge improvement for day traders at least. Posted by u/uiy564896432 - 1 vote and 6 comments Feb 20, 2024 · Overview. wait for it if you wanna pursue it. com's Reddit Forex Trading Community! Here you can converse about… Aug 18, 2023 · FTMO Reviews and Ratings. FTMO is arguably the most popular proprietary trading firm in the world. In a challenge at the moment with them i took 2 days ago. 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. Swing traders can go through a multi-month drawdown even with a profitable strategy, b 5 days ago · FTMO is a top prop trading firm, scoring 83/100 and ranking sixth overall in our assessment of the best prop trading firms. Spreads: 10/10 Offers: 0/10 Training material: 5/10 Challenge Pricing: 8/10 Profit Split: 10/10 Scaling Plan: 9/10 Dashboard: 10/10 FTMO is a well know prop firm. Let's collectively grow and elevate our Forex experience while ensuring respect and integrity in our community. "At FTMO - daily draw downs are equal to losses. No issues. Got to give it to FTMO. So lets do simple maths. Find out more about this broker's top features, pricing, pros and cons and regulatory information. Some people like to go with more trusted options. Posted by u/ComfortableRepublic4 - 1 vote and no comments FTMO has been in business reliably for over 8 years as a prop and longer as a broker I believe. Positive Reviews: They have positive reviews on platforms like Trustpilot and Forex Peace Army. This review covers account types, leverage, FTMO Challenge rules and more. USE FTMO I’ve been looking at other prop firms like FTMO, the5%ers, and true Forex funds. The pricing is seems like you guys have not understood how ftmo works. Welcome to FXGears. FTMO has won international awards from fucking DELOITTE for 3 or 4 years straight. Upon successful completion of the Evaluation Process, you are offered to trade on a demo FTMO Account with a balance of up to 200,000 USD. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Trying too hard and studying too hard has diminishing returns and is counterproductive. The spreads with FTMO are insanely small and no regulated US brokers come close to them. Utilize the Golf Clash Discord for questions and chatter. -Share FUNNY Trading Took me an average of 1. You don't get his logic, because you apply the same rules to a private account. Spreads are ok but i trade small lots so. Sep 26, 2024 · Learn how FTMO compares to other brokers. Tiny risk and good mindset is the way to win. 8 billion CZK. Reply reply It might bea good idea for traders to read the FTMO reviews here on Reddit, to see whether others had issues with FTMO. In 2022, FTMO had revenues of 4 billion CZK and EBITDA profit of 1. IMO, MFF only beats FTMO with better evaluation requirements. I passed, focusing on my risk management, not profit. To answer the question “Is FTMO Legit?” users have pointed to the fact that FTMO offers you significant capital to trade on, with no financial risk once funded. 400$ 3. No, not at all. FTMO is an excellent proprietary trading firm for forex traders. Some like corn are almost too ridiculously easy to predict and play with very low risk. 5-1. Paid my CC off and took FTMO's $100,000. they pocket that money and use it to pay the few that do win. FTMO Reviews on Trustpilot. Some even consider FTMO challenge requirements as unrealistic, as not everyone is able to minimize unrealized drawdown. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. 34 votes, 61 comments. com's Reddit Forex Trading Community! Here you can converse about trading ideas… Feb 16, 2021 · FTMO and The 5%ers, both established during similar times (2015 for FTMO and 2016 for The 5%ers), are two of the most well-known forex prop firms or funding programs currently. Various reviews indicate: One aspect that sets FTMO apart is its commitment to transparency and fairness. Apr 28, 2024 · FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. Therefore prices and spreads will be different. 9 pip spread on Tokyo session is unacceptable, I get 0. Reading this post, trust pilot reviews and other sources will give you the opportunity to see if this company is a scam or legit. 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. We will review your case and get back to you. However, account grows much quicker than FTMO, so still better than FTMO purely on the weight of account growth 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. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. If you feel like this removal was a mistake please kindly message the mods; we will review it and get back to you. Let's say I make 1. The reviews and testimonials are all 100% organic. For swing traders, it's a great improvement too once they actually get the funded account. FTMO Review Summary. FTMO supports the three most popular trading solutions: MetaTrader 4; MetaTrader 5; cTrader; All of them are free to use with no markup to all demo trading account and virtual funds. In this section, we will briefly analyze FTMO reviews on online forums like Trustpilot and Reddit. If they fail, you are still out FTMO's challenge fee. ca/ has reviews and videos and discounts. The company has appointed Michael Kamerman, a seasoned brokerage executive, as the CEO of its new division. This blog post will introduce you to economic releases and how you can leverage them to make informed trading decisions. Let me guess, you don't have a backtested working strategy, can't manage your risk, you're overleveraging, can't handle your emotions, you're bitter and blaming FTMO/others for it. 8 out of 5 from over 13,000 reviews. there is a documentary on bbc iplayer called instatrader. . 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 I've done challenges on both and I personally prefer FTMO. I had two accounts with them, and when I made significant profits of $15000 on one account and $19000 on other account, they refused to make my payments, claiming it was due to "over risk exposure. As automated trading has grown in popularity in recent years, so too have forex robot reviews that evaluate the claims and performance of different EAs. 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. I've been seeing more and more comments and posts about this recently, and I wanted to start a discussion about it. Maybe after with some years of experience I'd increase my risk. Among its most talented prop traders are those discovered and developed by the firm. Funding Pips offers a user-friendly and accessible entry process for novice traders, while FTMO has a more stringent review procedure and profit targets. He made 100k with FTMO in a single month, the interview is on the the FTMO YouTube channel so it's definitely not fake. In the end, FTMO's fees might seem like a hurdle, but they could be the key to a secure and successful funded trading journey. FTMO Trustworthiness. As for high frequency trading (HFT) with an EA, FTMO does not specifically prohibit this type of trading, but they do have some restrictions on the use of EAs. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. that means 100K x 30 = 3m to trade with. I want dip my toe into an 200k challenge but don’t know any legit prop firms. Despite it's CFD, you don't have the issues of future prop firms like contracts limitation, trailing drawdown, performance day conditions, no refund the FTMO spread is acceptable for day trading especially during NY session for indices There's a real mix of opinions out there, some people say FTMO is a great company to trade for as you get to keep a generous portion of the profits and get good leverage, spreads etc. They have promos every month. The potential for account growth is however capped which is a huge negative for me. to be fair, ok over-leveraging. You need to study for it, practice, take notes and review them, learn with friends if you can and only try to take the test when you absolutely feel like you're ready. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. You can see the thread about us on the most respected Forex review site - Forex Peace Army and see for yourself. 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. /r/AMD is community run and does not represent AMD in any capacity unless specified. The FTMO Challenge rules and Verification process are well-documented and transparent. djx hyntpjo etvibx uzta ffpgk tzyr pgztk ktnwscg tsbow yes
Ftmo review reddit. Never heard of Funding talent /LMAO/.
