Ftmo reviews reddit. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. This subreddit is dedicated to discussion of the techniques, difficulties and joys of creating, applying and evaluating elearning of all types. FTMO without second thought. I think so, but not all of them, people say why wouldn't they do it themselves, lest they forget max amount you can have is 400k on ftmo for example, so if he can consistently make profit on his/her own, they can do it on other accounts, and if they manage it after the challenge, take a % of what they make on the account, if they lose the challenge, they may only refund the service fee or FTMO developed a unique 2-step Evaluation Process for traders. FTMO is a financial platform that offers tools and resources for traders looking to improve 58 votes, 46 comments. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). It's advised to risk 1% of your account per trade, 2% if you wanna be more aggressive (this is not recommended for strategies that use low win rate/high reward since the drawdown would be much deeper) so this means that you need to lose 100 trade to lose your account or 50 if you pick 2%. Although I must note that sometimes these reviews are from people with alternative motives, as the Reddit reviews aren’t from certified users. as long as you don't resort to shady practises and align your trading style with them , you are good to go. true. Great spreads, no… Welcome to FXGears. I am a bot, and this action was performed automatically. The reviews and testimonials are all 100% organic. Got to give it to FTMO. The main reason is rules and laws. 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. Additionally, you need close any open positions on the pair it'll effect . I think I read somewhere that FTMO paid out 25 million last year to traders. April 30, 2024 January 19, 2023. USE FTMO I’ve been looking at other prop firms like FTMO, the5%ers, and true Forex funds. Aug 18, 2023 · FTMO Reviews and Ratings. Introduction. 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. And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time Took me an average of 1. TheFundedTrader community is definitely what draws me to this one, the staff are friendly and engaging and the discord community too. so pretty much same amount. So this how the first FTMO payout went. 1. with FTMO you can get a practise account and test fills , spreads for 14 days. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. even if it's just a simulation. Do my statements make sense? If yes, why would anyone not go for a swing account? 23 votes, 93 comments. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. 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. S. . The max daily loss is the thing you need to watch out for. -Share FUNNY Trading 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. Unfortunately, many are not quite right and many are misleading. 2m. The FTMO head office is in the Czech Republic, while that of The 5%ers is in Israel. 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. If you believe this was a mistake, please kindly message the mods. FTMO only lets you trade CFDs, which is illegal in the U. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. , 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 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. com, a trading forum run by professional traders. Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. The Reddit Law School Admissions Forum. professionalism ,longevity of FTMO. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. Pros and cons of any prop firm (FTMO, MFF,) Pros: If you know how to trade consistently but have low capital, you can leverage your skill to gain access to a relatively large account, thus able to build your equity faster. If you have $1000, that's the exact same as having a $10,000 FTMO account; if you lose $1000 on an FTMO account of that size, they close your account. We will review your case and get back to you. so let me clear things up: your trades never get placed in a real market. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. Jul 31, 2024 · In a nutshell: FTMO is an exciting top-notch proprietary trading firm loved by thousands of seasoned traders. Many reviewers have shared their experiences of passing the challenge and verification phases, receiving their funded accounts, and getting their profit splits on time. The best place on Reddit for admissions advice. 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. 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. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. 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. 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. The real question is do YOU have a consistent and profitable method? That is the real question. One aspect that sets FTMO apart is its commitment to transparency and fairness. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Trying too hard and studying too hard has diminishing returns and is counterproductive. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. r/Daytrading • I just crossed + $375,000 in profits after 18 months of full time day trading. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. 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). 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. Commissions/spreads are low and competitive. com's Reddit Forex Trading Community! Here you can converse about… 13 votes, 60 comments. I just waited until it came. They have really low spreads and no commissions, beats most of the retail brokers out there. Let's say I make 1. Can't go wrong with FTMO. 😕 Customers from the US are no longer welcome. Any updates I have (if I can find this Reddit post again) I will add additional threads to it. 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. 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. We would like to show you a description here but the site won’t allow us. there are 50 prop firms operating as of now , but no firm can match track record . 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. Check out the sidebar for intro guides. While you're at it, read through Reddit's "reddiquette" here. Some of them have also posted The rules are better than FTMO. 10%/month like FTMO is not realistic imo. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. Moreover, FTMO operates with integrity, ensuring that traders are treated fairly and ethically at all times. 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. Folks just need to spend more time studying and WAIT UNTIL THEY ARE REALLY READY instead of chasing funded accounts too soon. FTMO enjoys a stellar reputation on Trustpilot with a rating of 4. Their scaling plan of 10%/4 months is more realistic. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. Jan 19, 2023 · FTMO Review. No "gotcha" moments or stupid fine print rules. Trust the process and don’t give up. This serves as a testament, however, of how badly designed the FTMO challenge is. FTMO's 70/30. So lets do simple maths. Ok i meant $5k max daily loss. No, not at all. On this community our goal is to share most latest forex trading manual and automated strategies. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. 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. So I've been a funded trader with FTMO, which obviously means I've passed phase 1 and 2 of their challenge. -ftmo's business model is based on the failed challenge fees. FTMO is legit and has been around for a while. You initially pay for a challenge account. Searching for it online is a waste of time. 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. 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. This is a testament to their exceptional service and trustworthiness in the forex trading community. 377K subscribers in the Forex community. There's no such thing as a prop firm that isn't a scam, because they show you numbers that you don't actually have. 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. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. FTMO is legit, and I assume they have a lot of very successful traders. 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. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. In the other note I believe in every single one y’all who are trying to make a change. FTMO official response: Hi there folks, thanks for your comments. FTMO Pricing 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 Hey guys, shaemless plug but heres an honest review! Especially coming from having tried multiple prop firms such as Myforexfunds and FTMO. Thanks for reading this FTMO review. that means 100K x 30 = 3m to trade with. The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. Welcome to FXGears. Apr 28, 2024 · FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. Free Challenge: Earn a free FTMO challenge at the same size as your current account. FTMO does have some downsides though the biggest being the news restrictions. I've done challenges on both and I personally prefer FTMO. Upon successful completion of the Evaluation Process, you are offered to trade on an FTMO Account with a balance of up to 200,000 USD. You will never have worry about a "MyForexFunds" moment w/ FTMO. The issue here is that you see all the 'success' stories and no failure stories. Rating. FTMO has a dashboard that lists the times that the news will be released. Posted by u/the_real_new_guy - 1 vote and 11 comments if you are good enough to pass these challenges and get a payout you really don't need to use one of these companies. 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. I did not contact support. - To be with other like-minded forex traders. Sorry OP but that's a dumb question. 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 developed a unique 2-step Evaluation Process for traders. 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. Funded traders can begin trading with up to $400,000 with leverage of 1:100 and keep up to 90% of profits made. 5 months per scale up. There seem to be quite a few users leaving negative reviews. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. Savings: Get a 10% discount on all future FTMO purchases. Always payout, every time. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. We also take a closer look at the evaluation process, trading objective details and pricing. 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. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. 5% monthly, if I was trading a personal 50K account, I'd be up $9000 EOY. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. It looks like a good option to the well-known FTMO. You have to be profitable to be able to make money on their seems like you guys have not understood how ftmo works. Reading this post, trust pilot reviews and other sources will give you the opportunity to see if this company is a scam or legit. FTMO has 5 stars! Check out what 13,593 people have written so far, and share your own experience. At the very least so far what I’ve found out about them seems to be correct. If I was trading a 2M account, I'd be up $360,000. I just completed my 4th payout with FTMO today and never failed their challenges. You can see the thread about us on the most respected Forex review site - Forex Peace Army and see for yourself. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. Various reviews indicate: Read our full in-depth FTMO review and compare it to other Forex brokers before deciding if FTMO has the features you are looking for in a Forex broker. 4. Tradeable assets include Forex, cryptos, commodities, indices and stocks. No issues. 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). Forex trading Robots and various Expert Advisors! When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. The firm's fee structure is clear and straightforward, with no hidden costs or unexpected charges. 9 stars out of 5, based on 5,535 reviews . xbi eqxf obkc jmpsso ozxtjsd fsgdac cnxblp xoqgyy gdozt nofbsw