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-   -   FTMO.com - Funding for serious traders (https://www.forexfactory.com/thread/707034-ftmocom-funding-for-serious-traders)

thomasz1 Mar 26, 2020 6:43am | Post# 1401

{quote} Besides, the conditions under the challenge and the funded are slightly different. This might be the difference between ďlife and deathĒ. I said long time ago that good traders do not rely on luck. However, the interesting thing is that here are many people protecting and defending FTMO, yet nobody saying a word about having been funded and/or having made a withdrawal.
must admit everytime i read Mizzi it's like he's Community Manager... quite strange ahah,
but what he's saying is not wrong for all that,
and "cogs" puts finger on the true problem i think, all these people doing challenge with 80% winrate trades,etc. , each of us knows what kind of strategies they use 3/4 of the time, so the bankrupt or disrespect of rules is never far.


On youtube some guys show their funded accounts btw and ftmo doesn't show signs of scamming,etc at this time so let's be confident

Lance30779 Mar 26, 2020 8:13am | Post# 1402

{quote} This question has ben asked several times here. I still havenít seen an answer. Either no funded accounts or they lose their account for some reason very soon after getting funded. Anyone?
Or they may have funded traders but to sustain it maybe challenging . The control plan set out by FTMO is challenging in the long run though it is a good way how to trade in a disciplined way.

Lance30779 Mar 26, 2020 8:17am | Post# 1403

I don't understand why trading with ftmo is difficult because they don't allow to trade ristricted events. On left i have the the calendar i see the event and time when he is gona come out. So what should i do simply i will not count trading on that time, or if i will do it i come after event is realised if there is a huge candle also i will not enter.... FTMO DON'T WANT TRADERS WITHOUT RULES {image}
Hi, What about if you have an open trade/s prior to the event is released? Shall you close either loss or profit?

mizi123 Mar 26, 2020 10:34am | Post# 1404

{quote} Hi, What about if you have an open trade/s prior to the event is released? Shall you close either loss or profit?
During the challange these is allowed nothings gona happend but in real account you will lose the right to trade for FTMO!

Lance30779 Mar 26, 2020 12:22pm | Post# 1405

{quote} During the challange these is allowed nothings gona happend but in real account you will lose the right to trade for FTMO!
Ok, if that's the rule that is something be adhere to. If others can do it, then probably i can do it.. As it says in one of your article, it is % game..

Patje Mar 26, 2020 12:31pm | Post# 1406

{quote} During the challange these is allowed nothings gona happend but in real account you will lose the right to trade for FTMO!
hmm, ok this is a bit unsure to me, I thought you can't adjust a position 2min before and after the news but I always thought you could have your position open... Guess I miss red then.... It would be more clear if they wrote somewhere that you have to be flat before the event...

NotAtrader Mar 26, 2020 3:46pm | Post# 1407

{quote}hmm, ok this is a bit unsure to me, I thought you can't adjust a position 2min before and after the news but I always thought you could have your position open... Guess I miss red then.... It would be more clear if they wrote somewhere that you have to be flat before the event...
You can hold your existing positions open and running during news, but you cannot open new or close existing positions within certain amount of minutes before and after the news. I also think that you not allowed to to keep open positions during the weekend. This applies only to funded acc. During challenge you can trade the way you want.

Patje Mar 26, 2020 3:50pm | Post# 1408

{quote} You can hold your existing positions open and running during news, but you cannot open new or close existing positions within certain amount of minutes before and after the news. I also think that you not allowed to to keep open positions during the weekend. This applies only to funded acc. During challenge you can trade the way you want.
Yeah thought the same, on the other hand its stupid there is a difference between the chal/ver period and funded account....

mizi123 Mar 27, 2020 3:46am | Post# 1409

1 Attachment(s)
G morning how dose passing challange look's like
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touchstoneR Mar 27, 2020 5:15am | Post# 1410

G morning how dose passing challange look's like {image}
Congratulations mate !!! I wish i could share this kind of news.For some reason that am still working on ,i have not being able to pass my challenge.Can i get help from you @mizi123 ?

kylenwin0406 Mar 27, 2020 5:45am | Post# 1411

Hello everyone, this is my honest opinion about FTMO.

I passed both Challenge and Verification for my $50,000 funded account.

Challenge Account:
https://ftmo.com/en/metrix/11167833/?sharer=d827111ad

Verification Account:
https://ftmo.com/en/metrix/20902349/?sharer=bd86370d0

Both took me around 1 month to complete. Then I had to wait another 3 days for my Funded Account, which I eventually failed.

https://ftmo.com/en/metrix/2090088389/?sharer=57d821041

But as everyone can see, I still made a profit of $1600 and FTMO did pay me my 70%, which was around $1100.

I received the payment very quickly, around 2 days after I violated the Max Daily Loss rule.

In conclusion:

Pros:
+FTMO is a legit company, they paid me even though I violated the rule.

Cons:
+ Should offer more brokers.

Here is why I failed:

I mainly traded Gold, but since the Corona pandemic happened, the spread of Gold (on FTMO broker) was floating around 6-15 pips. So I decided to trade US30 which was not my strong point and it eventually led to my downfall.

There are many good brokers out there with super low spreads, I hope that FTMO could somehow add them to the selections.

I will wait for this Pandemic to be over so that the spread can get back to normal.

Lance30779 Mar 28, 2020 12:53pm | Post# 1412

Hello everyone, this is my honest opinion about FTMO. I passed both Challenge and Verification for my $50,000 funded account. Challenge Account: https://ftmo.com/en/metrix/11167833/?sharer=d827111ad Verification Account: https://ftmo.com/en/metrix/20902349/?sharer=bd86370d0 Both took me around 1 month to complete. Then I had to wait another 3 days for my Funded Account, which I eventually failed. https://ftmo.com/en/metrix/2090088389/?sharer=57d821041 But as everyone can see, I still made a profit of $1600 and FTMO...

Interesting one.. good stuff.

kylenwin0406 Mar 29, 2020 10:18am | Post# 1413

1 Attachment(s)
Hello everyone, this is my honest opinion about FTMO. I passed both Challenge and Verification for my $50,000 funded account. Challenge Account: https://ftmo.com/en/metrix/11167833/?sharer=d827111ad Verification Account: https://ftmo.com/en/metrix/20902349/?sharer=bd86370d0 Both took me around 1 month to complete. Then I had to wait another 3 days for my Funded Account, which I eventually failed. https://ftmo.com/en/metrix/2090088389/?sharer=57d821041 But as everyone can see, I still made a profit of $1600 and FTMO...
Here is the payment of $1121 from FTMO. I received it less than 2 days after filling for the invoice.

Again, legit company, but I wish they would offer more low-spread brokers like Exness.

I'm a scalper so low-spread accounts would be super beneficial.
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mizi123 Mar 29, 2020 1:04pm | Post# 1414

{quote} Here is the payment of $1121 from FTMO. I received it less than 2 days after filling for the invoice. Again, legit company, but I wish they would offer more low-spread brokers like Exness. I'm a scalper so low-spread accounts would be super beneficial. {image}
I hope Notatrader and others who doubt's are planing to take challange Awesome fact man thanc you (y)

NotAtrader Mar 29, 2020 2:54pm | Post# 1415

{quote} I hope Notatrader and others who doubt's are planing to take challange Awesome fact man thanc you (y)
I donít think I will ever do that. I have more than enough own capital and I prefer to trade my own money and follow my own rules. Letís hope no one gets burned and I wish everyone good luck. You really need that with this kind of rules.

c2v4l Mar 30, 2020 12:33pm | Post# 1416

{quote} Here is the payment of $1121 from FTMO. I received it less than 2 days after filling for the invoice. Again, legit company, but I wish they would offer more low-spread brokers like Exness. I'm a scalper so low-spread accounts would be super beneficial. {image}
Glad to hear they pay you even though you eventually violates the permitted daily loss. Just a question though, I thought you are supposed to get 70% profit + fees for the challenge for the first withdrawal? Or did you not entitled for this due to violating the rules?

Neoking Mar 30, 2020 2:46pm | Post# 1417

{quote} During the challange these is allowed nothings gona happend but in real account you will lose the right to trade for FTMO!
Guys please...

If you are really interested and serious, take the time to watch FTMO's youtube video broadcast and all your questions will be answered. Stop relying on hear say and assumptions.

mizi123 Apr 1, 2020 10:15am | Post# 1418

2 Attachment(s)
So far so good verification is going well
Account metrix very important to me show's me best hours to trade
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Lance30779 Apr 2, 2020 4:58pm | Post# 1419

So far so good verification is going well Account metrix very important to me show's me best hours to trade {image} {image}
Good stuff..

Just a query if passed the verification in less than 30 days, say 15 trading days, will FTMO wait to compete 30 days before the final account analysis ?? Thanks.

bobsiudak Apr 2, 2020 10:22pm | Post# 1420

After coming across FTMO I was really excited because they seemed a step above all the other firms out there. The only problem which is a big problem is the broker selection. Since IC-Markets is no longer offered Iíve been really upset with the spreads On this FTMO platform. The GBP/AUD & GNP/NZD have been flashing between 10-25/30...and it flashes back and forth so fast you donít know what the hell your getting. Never seen something like this to be honest with you. I was also told to not trade metals or indices during these times which is ludicrous...you take away those assets and the GBP pairs whatís left?! ...I opened up a GBE Raw demo and they seem to be a lot better than FTMOís platform...please let me know if anyone has any other broker they recommend to using? I looked at Admiral Markets but when I tried their demo it was taking forever for executions so I said f that! Admiral Markets doesnít have good reviews on FPA either so...Thank you!


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