Disliked{quote} If you are out as soon as you get the 10,1% of drawdown, in my personal opinion, the project is not for giving the possibility to the good traders to demonstrate their value, but to get the fee for the challenge. Everybody knows the most of the traders are loosers and consequentially the most of the fees will be banked. The others that will win the challenge will be funded but will be stopped at the first drawdown higher than 10%. In this way the capital is protected and will quickly return in the hand of FTMO in case of drawdown. Indeed,...Ignored
this is a business model, and yes, it is mostly to collect fees, and maybe occasionally find a trader too ( secondary objective).
good traders will find options where they dont have to pay upfront fees to demo trade. but those options wont be open for you without having some own capital ( skin in the game), and some verifiable track record of least 6 months+.
and not get into the finer details, that why a good trader wont need to make more than 10% dd, or why 30-50% a year is considered an excellent result if the dd is low, or how one should not try to trade full time for a living on a 10k account.
as long as the rules are stated clearly ( and frankly they are), it is one's choice to go this route or not.
i think there is better options out there, but i had seen worst ones too!
there is always, always another trade!!
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