That MT4 can be manipulated by unscrupulous brokers (via the infamous virtual dealer plug-in, for one) is an open secret, indeed.
But compared to similar prop shops like TopstepFX which uses its own MT4 platform as simulator, I think the fact that we do have a choice among various brokers when trading during the FTMO Challenge lessens the probability of a collusion happening. Moreover, it is also important for FTMO to be selective with the brokers it deals with since their goal is for the fund to be profitable overall.
And though providing trading signals for free is not something we signed up for when we joined the Challenge, it's nothing we can do anything about except to accept as part of the deal in the event we get funded.
But compared to similar prop shops like TopstepFX which uses its own MT4 platform as simulator, I think the fact that we do have a choice among various brokers when trading during the FTMO Challenge lessens the probability of a collusion happening. Moreover, it is also important for FTMO to be selective with the brokers it deals with since their goal is for the fund to be profitable overall.
And though providing trading signals for free is not something we signed up for when we joined the Challenge, it's nothing we can do anything about except to accept as part of the deal in the event we get funded.
Amor Fati--F. Nietzsche
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