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TraderOtakar Oct 13, 2017 10:39am | Post# 1

FTMO.com - Funding for serious traders
 
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Hello Traders,
my name is Otakar and I am a co-founder of the FTMO.com. Our aim is to find successful traders on Forex and CFD who we provide with our company capital when they meet our conditions. The testing of traders is performed through a demo account which we call the Challenge.

Why to trade for us?
Receive funding up to 40 000 USD, you keep 70 % of profits, we cover the losses.

In this thread we will share articles about trading, news about the company and the most importantly we will answer all your questions.

Who is behind FTMO.com
The idea to start the project FTMO.com, which was initially called Ziskejucet.cz (our Czech project), was conceived in 2014 in a small Prague office. From the beginning, we know that, if we want to succeed in this business, we need to offer more than just funding. For this reason, we have created a full range of trading application.

Every trader also receives:
Account analysis
Every trader, who joins the program receives an individually written analysis of his or her trading results.
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Account MetriX
This web application monitors your progress towards becoming our FTMO Trader, beside that it gives you latest analytics of your trading.

Trading Journal
Learn effectively and improve faster by using our semi-automatic Trading Journal. All trades are written in the journal automatically, you only have to write down your thoughts and feelings about the trades. Screenshot can be attached to every entry and exit.

Mentor application (MT4 expert advisor)
Your personal trading coach directly in the MT4 platform. This Mentor Application lets you set limits such as maximum trades per day, maximum daily loss, maximum trade size and much more.
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Statistical Application (web based application)
Do you like market statistics? We do! This web application calculates probabilities of German stock index Dax every 5 minutes. You can find there a probability of gap being filled, range statistics, initial activity statistics and much more.

Trade with your favourite broker
You can trade using a major brokerages like Admiral Markets, GDMFX, XTB, BossaFX, ICMarkets, Pepperstone, FxPro

And use your platform
MetaTrader 4 & 5, cTrader or NinjaTrader 7.
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Visit us at FTMO.com / Funding for serious traders

rajancr Oct 14, 2017 2:29am | Post# 2

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Hey .....

Hunting for successfull strategy ....

leverage available upto1:3000 or unlimit in market.

so just 10$ to 50$ needed to become millionaire

CrazyOz Oct 14, 2017 4:42am | Post# 3

Hello Traders, my name is Otakar and I am a co-founder of the FTMO.com. Our aim is to find successful traders on Forex and CFD who we provide with our company capital when they meet our conditions. The testing of traders is performed through a demo account which we call the Challenge. Why to trade for us? Receive funding up to 40 000 USD, you keep 70 % of profits, we cover the losses. In this thread we will share articles about trading, news about the company and the most importantly we will answer all your...
Looks interesting. I take it from your web site that there is no restrictions on trading through news & FOMC etc & also allowing holding trades overnight & weekends.
Is that correct.??

johnston Oct 14, 2017 2:26pm | Post# 4

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MuhammedTaha Oct 14, 2017 3:32pm | Post# 5

you looking for traders on the same time looking for fees?

TraderOtakar Oct 16, 2017 5:20am | Post# 6

you looking for traders on the same time looking for fees?
Hello Muhammed,
thank you for the question. Without the fee for the Challenge, the Challenge would be just a normal demo account. The fee is very important, because it simulates the live trading environment. We need to see how traders trade under pressure.

Important is that if you succeed in the Challenge, the fee is refundable with the first profit withdrawal.

We also provide traders with a new Challenge for free if they meet all the Trading Objectives except for the Profit Target.

Otakar
FTMO.com / Funding for serious trader

Ralffe Oct 16, 2017 6:18am | Post# 7

{quote} Hello Muhammed, thank you for the question. Without the fee for the Challenge, the Challenge would be just a normal demo account. The fee is very important, because it simulates the live trading environment. We need to see how traders trade under pressure. Important is that if you succeed in the Challenge, the fee is refundable with the first profit withdrawal. We also provide traders with a new Challenge for free if they meet all the Trading Objectives except for the Profit Target. Otakar FTMO.com...
Good answer.
I would also like to see your answer to CrazyOz's post.

TraderOtakar Oct 16, 2017 6:57am | Post# 8

{quote} Looks interesting. I take it from your web site that there is no restrictions on trading through news & FOMC etc & also allowing holding trades overnight & weekends. Is that correct.??
Hello CrazyOz,

thank you for the very good question. In the Challenge and in the Verification phase you can trade any kind of news. You can also hold your positions overnight and over the weekends.

HOWEVER, after recent experience, we are forced to little bit limit our traders in two ways. When you become the FTMO trader and you start to trade with real money, we want our traders to be flat over the weekends. When markets are closed, and something happen (political, environmental etc. event) we are not able to protect our capital against a possible gap.

We also want our traders not to enter new trades (you can have previously opened trades) 5 minutes before and after during major news. This is due to the huge shifts in volatility.

We hope that these two requirements are understandable.

Please feel free to register for the Free Trial. You will see whether you can pass our Trading Objectives, beside that you can try our Mentor / Statistical Application .

Otakar
FTMO.com / Funding for serious trader

TraderOtakar Oct 16, 2017 7:49am | Post# 9

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Hello Traders,

read an interview with a trader who made in 11 trading days a profit of 4 111 USD. Read his story and learn how he received 40 000 USD from our company to trade forex. Read the interview

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profitfarmer Oct 16, 2017 10:04am | Post# 10

{quote} Hello Muhammed, thank you for the question. Without the fee for the Challenge, the Challenge would be just a normal demo account. The fee is very important, because it simulates the live trading environment. We need to see how traders trade under pressure. Important is that if you succeed in the Challenge, the fee is refundable with the first profit withdrawal. We also provide traders with a new Challenge for free if they meet all the Trading Objectives except for the Profit Target. Otakar FTMO.com...
let a trader sign up with his/her reasonable large live account, but free...not even fees simulate live account better than live account itself!

TraderOtakar Oct 16, 2017 10:31am | Post# 11

{quote} let a trader sign up with his/her reasonable large live account, but free...not even fees simulate live account better than live account itself!
Hello Profitfarmer,

this is a very interesting idea and it might work. However, from the legal and regulatory point of view, it would be very difficult ( probably not doable at all, but I am not a lawyer) to create such a business model in the European union. The problem would be in setting our Trading Objectives / Risk Control applications to
other´s people live account, which we as a company do not own. Another problem is that many people do not have enough money even for the "reasonable" account size. Not to mention that trading with others people money is psychologically beneficial for many traders.

If you have any further questions, please don't hesitate to contact me.

Otakar
FTMO.com / Funding for serious trader

CrazyOz Oct 17, 2017 8:18pm | Post# 12

{quote} Looks interesting. I take it from your web site that there is no restrictions on trading through news & FOMC etc & also allowing holding trades overnight & weekends. Is that correct.??
Hi. Thanks for the answers to the above. I can live with that.

Another questions if I may to clarify.

1. Verification: The differences in the Trading Objectives between the Challenge and the Verification are in the Profit Target and in the time period. The Profit Target is reduced by 50% and the Time Period is extended to 60 days.
Does this mean the verification takes 60 days to complete or is it complete when the target is reached & the min' 10 days traded.

TraderOtakar Oct 18, 2017 3:10am | Post# 13

{quote} Hi. Thanks for the answers to the above. I can live with that. Another questions if I may to clarify. 1. Verification: The differences in the Trading Objectives between the Challenge and the Verification are in the Profit Target and in the time period. The Profit Target is reduced by 50% and the Time Period is extended to 60 days. Does this mean the verification takes 60 days to complete or is it complete when the target is reached & the min' 10 days traded.
Hi CrazyOz,

it's exactly what you wrote. In the Verification phase you have 60 calendar days to reach a profit of 5%. When the profit is reached (minimum 10 trading days), the Verification period is over and you become the FTMO trader.

If you have any further questions, please don't hesitate to ask me.

Otakar
FTMO.com / Funding for serious trader

CrazyOz Oct 18, 2017 3:21am | Post# 14

{quote} Hi CrazyOz, it's exactly what you wrote. In the Verification phase you have 60 calendar days to reach a profit of 5%. When the profit is reached (minimum 10 trading days), the Verification period is over and you become the FTMO trader. If you have any further questions, please don't hesitate to ask me. Otakar FTMO.com / Funding for serious trader
Thank you.
I must say, I have traded forex for many years & have seen a fair few "Prop" firms come n go. This is the first with a doable & fair program.
Cheers

profitfarmer Oct 18, 2017 3:35am | Post# 15

{quote} Hello Profitfarmer, this is a very interesting idea and it might work. However, from the legal and regulatory point of view, it would be very difficult ( probably not doable at all, but I am not a lawyer) to create such a business model in the European union. The problem would be in setting our Trading Objectives / Risk Control applications to other´s people live account, which we as a company do not own. Another problem is that many people do not have enough money even for the "reasonable" account size. Not to mention that trading with...
Thx for the answer.

The reasonable:
You offer 40k...
Thus if a trader deposit on your account 4k, with the understanding that drawdown beyond 10% (4k) is game over...50-70% payout deal is fair, right? With virtual no funder risk.
You not risk anything from your capital, a trader not needing to jump hoops with upfront payments and time wasted.
But size it for 20k account, etc, as one wishes...not that much more than repeat a trial few times, and plenty motivation to the trader to keep on track else his money at risk.

TraderOtakar Oct 18, 2017 6:50am | Post# 16

{quote} Thx for the answer. The reasonable: You offer 40k... Thus if a trader deposit on your account 4k, with the understanding that drawdown beyond 10% (4k) is game over...50-70% payout deal is fair, right? With virtual no funder risk. You not risk anything from your capital, a trader not needing to jump hoops with upfront payments and time wasted. But size it for 20k account, etc, as one wishes...not that much more than repeat a trial few times, and plenty motivation to the trader to keep on track else his money at risk.
Hi Profitfarmer,

thank you for the question. Your logic is good, however we are not a brokerage firm and we cannot accept money from other people. To run this project we raised money from investors who are part of the company. You are still missing the legal part of all of this. You cannot tell people how to trade with their own money. Imagine that someone really deposits trading capital with us and then lose it all while trading according to our Trading Objectives. The trader might say that he/she lost the capital because of our Trading Objectives.

The Challenge and Verification phase may ideally be completed within ten days. In total it is just 20 trading days, which we believe is understandable.

If you have any further questions, please don't hesitate to ask me.

Otakar
FTMO.com / Funding for serious trader

TraderOtakar Oct 18, 2017 7:14am | Post# 17

{quote} Thank you. I must say, I have traded forex for many years & have seen a fair few "Prop" firms come n go. This is the first with a doable & fair program. Cheers
Hi CrazyOz,

thank you for your kind words. We have been in this business for three years. Until now we were active just locally and I am proud to say that we are quite successful. I think that it is clear that the majority of traders do not succeed in the Challenge, however we strive to provide best possible services and apps to our traders so that every trader benefits from our program even though he/she doesn't receive funding.

Otakar
FTMO.com / Funding for serious trader

MuhammedTaha Oct 18, 2017 7:35am | Post# 18

I just took free trial for 14 days lets see how it pans out.

MuhammedTaha Oct 19, 2017 12:24am | Post# 19

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My trading matrix, I have started yesterday. If I like it, I will take the real challenge as well with paid money.

https://ftmo.com/en/metrix/20145335/
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MuhammedTaha Oct 19, 2017 1:57am | Post# 20

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My FTMO trail account for every one to see


https://www.forexfactory.com/muhammedtaha#acct.35
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scaniaxforex Oct 19, 2017 4:58am | Post# 21

good Idea and good work at all best of luck, the fees of evaluation will be deposited into a segregated account or in a self personal account ?

do you have a regulation to receive a money or this money will be deposited into the chosen broker account ?


Regards

TraderOtakar Oct 19, 2017 9:33am | Post# 22

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Lack of discipline? Overtrading? Scratching trades? Check our Mentor Application. Mentor Application is an unique application that helps traders to achieve better results through strengthening their discipline. Works in the Metatrader 4 platform with any broker.

Try the Mentor Application, it may surprise you.


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TraderOtakar Oct 19, 2017 9:56am | Post# 23

good Idea and good work at all best of luck, the fees of evaluation will be deposited into a segregated account or in a self personal account ? do you have a regulation to receive a money or this money will be deposited into the chosen broker account ? Regards
Hello Scaniaxforex,

the fee for the Challenge is a fee for our services and is not deposited into any trading accounts. The fee simulates the live trading environment and is refundable with the first profit withdrawal. The trading capital is provided by our company.

If you have any further questions, please don't hesitate to ask me.

Otakar
FTMO.com / Funding for serious trader

TraderOtakar Oct 20, 2017 10:37am | Post# 24

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Strong discipline is vital for trading. Read our article about 4 Exercises to Strengthen Discipline.

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Otakar
FTMO.com / Funding for serious trader

TraderOtakar Oct 23, 2017 10:08am | Post# 25

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Did you know that today´s gap on Dax was 10 points? In the last 1500 days this gap was closed with the probability of 90%. How to use this information?

If the probability of gap being filled is high, it is logical to trade in the direction of the gap. Also, the closing price of the previous day serves as the logical level for determining the profit target.

For more market statistics visit our website and read about the Statistical App.

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Otakar
FTMO.com / Funding for serious trader

TraderOtakar Oct 24, 2017 10:10am | Post# 26

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This trader received funding not once, but twice. Read his story.

“The Challenge changed my life,” Writes the Trader Who became the FTMO Trader for the Second Time

This is his Account MetriX.

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Otakar
FTMO.com / Funding for serious trader

TraderOtakar Oct 25, 2017 11:27am | Post# 27

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Are you not losing money, but are you also not making any money? Is your trading nowhere? This might just help you.

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Otakar
FTMO.com / Funding for serious trader

TraderOtakar Oct 27, 2017 8:41am | Post# 28

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Do you like logical trading based on statistics? Get our Excel Sheet for free and trade gaps on Dax. Read new article : Dax Statistics.


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rajancr Oct 29, 2017 5:52am | Post# 29

Members,

Please post your experiences that good or bad with FTMO.COM

TraderOtakar Oct 30, 2017 11:54am | Post# 30

Members, Please post your experiences that good or bad with FTMO.COM
Hi Rajancr,

on the international scene we relatively a new project, I hope that some FF members will share their experience with us. If you want to know more about us, try our Free-Trial, where you can try completing our Trading Objectives without risking anything. The link to get the Free-Trial is here:
https://ftmo.com/en/free-trial/

Otakar
FTMO.com / Funding for serious trader

TraderOtakar Nov 1, 2017 3:47am | Post# 31

From now on, we will publish our very popular daily analysis (price action, statistics, news) of Dax also in English. You can find the analysis here:

https://ftmo.com/en/dax-1-11-2017/

Otakar
FTMO.com / Funding for serious trader

rajancr Nov 1, 2017 5:22am | Post# 32

[quote=TraderOtakar;10447225]From now on, we will publish our very popular daily analysis (price action, statistics, news) of Dax also in English. You can find the analysis here: https://ftmo.com/en/dax-1-11-2017/ Otakar FTMO.com / Funding for serious trader[/quote






rajancr Nov 1, 2017 5:22am | Post# 33

[quote=rajancr;10447594]
From now on, we will publish our very popular daily analysis (price action, statistics, news) of Dax also in English. You can find the analysis here: https://ftmo.com/en/dax-1-11-2017/ Otakar FTMO.com / Funding for serious trader[/quote


Actually, We traders want to know about your genuine approach for doing truthful business, as offered on your website.

We dont want any analysis.
What your company offer through website, that we want practically...
As per your terms, if we passed your conditions, we want our portion, otherwise dont.

So you show your genuinity

TraderOtakar Nov 1, 2017 5:42am | Post# 34

[quote=rajancr;10447597]
{quote} Actually, We traders want to know about your genuine approach for doing truthful business, as offered on your website. We dont want any analysis. What your company offer through website, that we want practically... As per your terms, if we passed your conditions, we want our portion, otherwise dont. So you show your genuinity
Hi Rajancr,

thank you for the comment. if you are not interested in our Dax analysis, just don't read it. For some traders it is useful to see someone else's pre-market preparation.

Thank you for your understanding.

Otakar
FTMO.com / Funding for serious trader

rajancr Nov 1, 2017 7:39am | Post# 35

your answer is not completed

Ralffe Nov 1, 2017 8:22am | Post# 36

[quote=rajancr;10447597]
{quote} Actually, We traders want to know about your genuine approach for doing truthful business, as offered on your website. We dont want any analysis. What your company offer through website, that we want practically... As per your terms, if we passed your conditions, we want our portion, otherwise dont. So you show your genuinity
Actually WE do want any analysis & free information this company can offer.

What are you trying to ask FTMO mate. Darned if I can understand your questions.
Have you bothered to study their "Help Center".?
Have you tried the FREE trial to see if you are good enough to trade with them.?

amfels07 Nov 1, 2017 5:01pm | Post# 37

Hi everyone,
i'm just curious if anyone is having success with this program as a testament on their offer..........it sounds like a great plan but i'm just curious if this company is indeed following thru if a trader is successful when meeting their requirements that's all...........websites can put testimonials on their sites but it would be beneficial to have someone from this forum who has traded with them to see if indeed it's a legit program.

thank you
carlos reyes

Ralffe Nov 1, 2017 7:35pm | Post# 38

Hi everyone, i'm just curious if anyone is having success with this program as a testament on their offer..........it sounds like a great plan but i'm just curious if this company is indeed following thru if a trader is successful when meeting their requirements that's all...........websites can put testimonials on their sites but it would be beneficial to have someone from this forum who has traded with them to see if indeed it's a legit program. thank you carlos reyes
Hi Carlos.
Yes I agree this does appear to be a great plan. Anyone with Discipline & a good strategy should be able to pass.
I, along with 2 others that I know of are trialing the plan at present. I have got through the free trial & am now 1/2 way through a paid challenge.
If/when I pass the challenge & become a "Trader" with FTMO I intend to start a journal to show my ongoing progress. I will be inviting any other FTMO traders on FF to participate also.

amfels07 Nov 1, 2017 7:40pm | Post# 39

Best of luck to you @Ralffe..............That would be wonderful for you to become first that I know member on here that makes it to the TRADER position in which you can earn 70% of profits as mentioned on their website........... Wish you nothing but the best of luck as i'm sure after you (no if but when you succeed) many others will try to do same

thanks for your reply,

carlos

rajancr Nov 1, 2017 11:44pm | Post# 40

To Ralffe & amfels07,


Yes, I know, this is a great plan....

but, I seriously want to know, how they, FTMO.COM can prove their genuinity...
because, lot of scammers here... the commercial members...
they cheat lot of traders, like we...

they come and go with earned money... with their plans
But, The youngsters of FTMO can prove their commitment? that, what they offer...

I want to push this thread, to serious discussion....
If it is genuine one, the serious traders can benefit from this...
there is good hope...


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