Ftmo review reddit. Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. 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. Trying too hard and studying too hard has diminishing returns and is counterproductive. No issues. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). USE FTMO 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. that means 100K x 30 = 3m to trade with. FTMO is legit and has been around for a while. S. You initially pay for a challenge account. 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 am a bot, and this action was performed automatically. 58 votes, 46 comments. FTMO's 70/30. I wish people would give honest reviews instead of peddling. -Share FUNNY Trading I did not contact support. 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. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. 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 Additionally, you need close any open positions on the pair it'll effect . 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. Sorry OP but that's a dumb question. com's Reddit Forex Trading Community! Here you can converse about… The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. true. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. r/Daytrading • I just crossed + $375,000 in profits after 18 months of full time day trading. 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. 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). The max daily loss is the thing you need to watch out for. STAY AWAY FROM MYFOREXFUND! They are worse the TFF I had the same issue with MFF executing my trade far from my entry, once I adapt and figure this out, they change again and start slipping stop losses /whiles making sure you never make more than your take profit. 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. I hate that FTMO doesn't integrate with TradingView and wish they had more futures to trade. 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. Utilize the Golf Clash Discord for questions and chatter. FTMO developed a unique 2-step Evaluation Process for traders. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. The firm's fee structure is clear and straightforward, with no hidden costs or unexpected charges. Jul 31, 2024 路 In a nutshell: FTMO is an exciting top-notch proprietary trading firm loved by thousands of seasoned traders. 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. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. professionalism ,longevity of FTMO. FTMO official response: Hi there folks, thanks for your comments. But for the challenge, they're faced with the same problem as before. 馃槙 Customers from the US are no longer welcome. 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). For swing traders, it's a great improvement too once they actually get the funded account. Introduction. 10%/month like FTMO is not realistic imo. there are 50 prop firms operating as of now , but no firm can match track record . We will review your case and get back to you. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. 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. They were kind enough to share their experience and even several tips that helped them pass through the Evaluation Process, so do not hesitate to take a few moments and get inspired by their journey in our new article! Feb 16, 2021 路 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. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. While you're at it, read through Reddit's "reddiquette" here. When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. 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 issue here is that you see all the 'success' stories and no failure stories. 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. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. 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. Always payout, every time. FTMO is legit, and I assume they have a lot of very successful traders. 4. 2m. Can't go wrong with FTMO. Aug 18, 2023 路 FTMO Reviews and Ratings. 01 Free Trials of FTMO Challenge do not guarantee automatic eligibility for an FTMO Account 02 Each trader is permitted only one Free Trial at a time (you can delete it and start a new one) Traders can use our Free Trial demo account for 14 days. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. Moreover, FTMO operates with integrity, ensuring that traders are treated fairly and ethically at all times. com, a trading forum run by professional 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. This is a testament to their exceptional service and trustworthiness in the forex trading community. It's way quicker than building up your personal account from 150 to 10k. Commissions/spreads are low and competitive. Funded traders can begin trading with up to $400,000 with leverage of 1:100 and keep up to 90% of profits made. 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 think I read somewhere that FTMO paid out 25 million last year to traders. It's Wednesday and that means we once again spoke with a few of our new FTMO Traders to ask them about their trading journey. The reviews and testimonials are all 100% organic. Some of them have also posted 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. Trust the process and don’t give up. 377K subscribers in the Forex community. Unfortunately, many are not quite right and many are misleading. 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. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. Although I must note that sometimes these reviews are from people with alternative motives, as the Reddit reviews aren’t from certified users. 5 months per scale up. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. FTMO only lets you trade CFDs, which is illegal in the U. FTMO does have some downsides though the biggest being the news restrictions. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. even if it's just a simulation. 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. FTMO is demo account and just a trading tournament with a winning edge for the company. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. 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 Nov 28, 2023 路 If you desire to search out more FTMO complaints, Reddit reviews are usually a good place to find swaths of people airing their grievances. 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. I just waited until it came. The Reddit Law School Admissions Forum. 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. FTMO has 5 stars! Check out what 13,593 people have written so far, and share your own experience. 23 votes, 93 comments. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. At the very least so far what I’ve found out about them seems to be correct. Free Challenge: Earn a free FTMO challenge at the same size as your current account. 1. If you believe this was a mistake, please kindly message the mods. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. FTMO without second thought. FTMO is a financial platform that offers tools and resources for traders looking to improve Action Movies & Series; Animated Movies & Series; Comedy Movies & Series; Crime, Mystery, & Thriller Movies & Series; Documentary Movies & Series; Drama Movies & Series 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. You can see the thread about us on the most respected Forex review site - Forex Peace Army and see for yourself. FTMO or any Forex funded account for that matter, is not worth your time and doesn’t make you any money in long-term. Hey guys, shaemless plug but heres an honest review! Especially coming from having tried multiple prop firms such as Myforexfunds and FTMO. This serves as a testament, however, of how badly designed the FTMO challenge is. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. Reading this post, trust pilot reviews and other sources will give you the opportunity to see if this company is a scam or legit. Welcome to FXGears. Swing traders can go through a multi-month drawdown even with a profitable strategy, b Jan 19, 2023 路 FTMO Review. The rules are better than FTMO. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. TheFundedTrader community is definitely what draws me to this one, the staff are friendly and engaging and the discord community too. Do my statements make sense? If yes, why would anyone not go for a swing account? Welcome to FXGears. 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. Apr 28, 2024 路 FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. - To be with other like-minded forex traders. You need to demonstrate your experience by sticking to Maximum Loss Rules while making the necessary simulated profits of 10% of initial balance. I've done challenges on both and I personally prefer FTMO. The real question is do YOU have a consistent and profitable method? That is the real question. And still, I would be way more stressed out having a drawdown period on my personal account than on a FTMO account. 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. So lets do simple maths. Got to give it to FTMO. 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. Posted by u/uiy564896432 - 1 vote and 6 comments FTMO actually gives you $100,000 to trade with. The main reason is rules and laws. I’ve been looking at other prop firms like FTMO, the5%ers, and true Forex funds. With FTMO, after 2 months of consistent trading you can have that capitol to trade with. There seem to be quite a few users leaving negative reviews. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. The FTMO Challenge is the first step of Evaluation Process and educates you to master your trading habits. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. Any updates I have (if I can find this Reddit post again) I will add additional threads to it. FTMO has a dashboard that lists the times that the news will be released. with FTMO you can get a practise account and test fills , spreads for 14 days. The subreddit has not kicked you out or gone private. So this how the first FTMO payout went. It's a huge improvement for day traders at least. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. Searching for it online is a waste of time. Rating. 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. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. April 30, 2024 January 19, 2023. Now we can trade through high impact news and hold runners over the weekend if we want. Thanks for reading this FTMO review. It looks like a good option to the well-known 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. Some like corn are almost too ridiculously easy to predict and play with very low risk. 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. You will never have worry about a "MyForexFunds" moment w/ FTMO. so pretty much same amount. Savings are hard to come by because FTMO doesn't give them out very often. In the other note I believe in every single one y’all who are trying to make a change. Their scaling plan of 10%/4 months is more realistic. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. You have to be profitable to be able to make money on their Ok i meant $5k max daily loss. Various reviews indicate: This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard, trading platforms, challenge rules, free trial and fees. FTMO enjoys a stellar reputation on Trustpilot with a rating of 4. FTMO Pricing One aspect that sets FTMO apart is its commitment to transparency and fairness. The FTMO head office is in the Czech Republic, while that of The 5%ers is in Israel. The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. Check out the sidebar for intro guides. 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. The best place on Reddit for admissions advice. No "gotcha" moments or stupid fine print rules. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. Took me an average of 1. 9 stars out of 5, based on 5,535 reviews . as long as you don't resort to shady practises and align your trading style with them , you are good to go.