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FTMO - For serious traders

  • #501
  • Edited Jul 2, 2019 1:14am Jul 1, 2019 7:56pm | Edited Jul 2, 2019 1:14am
Hi, Otakar.

I know FTMO does not make broker recommendations but can you at least tell us which, in order of priority, are the top 3 preferred by those who have successfully passed the Challenge?

It would be much appreciated.

Also, is the 100:1 leverage used across the board (including at Admiral Markets)?
Amor Fati--F. Nietzsche
  • #502
  • Jul 2, 2019 2:06am Jul 2, 2019 2:06am
Hi Doji,

thank you for your question. At Admiral Markets we have aleverage 1:50. The most FTMO Traders are with IC Markets, Admiral Markets and Purple Trading


Otakar
FTMO.com / Funding for serious traders
  • #503
  • Jul 2, 2019 7:22am Jul 2, 2019 7:22am
Hi,

Just curious and my bad if I sound rude.
But at what point do you guys run out of money? I mean at some point when you have over thousands of traders, will you still have the financial capabilities to give everyone a trading account?

Greetings
  • #504
  • Jul 3, 2019 2:47pm Jul 3, 2019 2:47pm
Quoting TraderOtakar
{quote} Hi GodRa, yes, as long as you meet the requirements, you will get an account for free. There is no limit on the number of repetitions. Hi profitfarmer, we rather dedicate our time to upgrading our applications and services. There is so much happening that commissions are just not our priority. We will probably add referral links to a new partner section, but it is going to take some time. In order to compare brokers, we have already created a Broker review application, which I think is really good. You can see there are no referral links...
I dont belive you Oatakar ore whatever your name is i really dont care,but nobody in the right mind would give away that kind of money that commision and spreads give when so easy to do the ropes...
Insanityoing same ting over expecting different results..Einstein
  • #505
  • Jul 8, 2019 2:41am Jul 8, 2019 2:41am
Quoting jarnorey
Hi, Just curious and my bad if I sound rude. But at what point do you guys run out of money? I mean at some point when you have over thousands of traders, will you still have the financial capabilities to give everyone a trading account? Greetings
Dear Jarnorey,

thank you for your question. It is very unlikely that in a year or two we are going to have several thousands of traders managing our capital at the same time. Not all traders retain their FTMO Funded Account for a long time. To avoid any possible funding issues, we are continuously securing further financing and also we keep reinvesting the revenues from profits for the growth of our company and increasing our financial cap.


Otakar
FTMO.com / Funding for serious traders
  • #506
  • Jul 8, 2019 2:46am Jul 8, 2019 2:46am
Hi

I have been trying to find out the growth option on your funding program. Looks like your program is completely risk free for you and no coverage for the traders.
For initial evaluation, they need to pay the money and do the evaluation on virtual account. If they lose their money is gone and it is on your pocket. You are targeting the 95% of retail traders who is losing.

Even for the 5%, if they win the evaluation, they can't take the their paid money back. They have to trade your funded account and make a successful run to get the profit share as well as the initial payment.

Looks like https://the5ers.com/ is better than you as they are sharing the risk with the traders, offering growth programs and more over if you pass the evaluation, you can get the share from evaluation profit itself.

It is also good for long term traders as they are allowing them to hold the trades during weekend and news time

PS: I am not associated with any funding, I have just did a comparison and that is my observation
  • #507
  • Jul 8, 2019 4:02am Jul 8, 2019 4:02am
Quoting cutevedha
Hi I have been trying to find out the growth option on your funding program. Looks like your program is completely risk free for you and no coverage for the traders. For initial evaluation, they need to pay the money and do the evaluation on virtual account. If they lose their money is gone and it is on your pocket. You are targeting the 95% of retail traders who is losing. Even for the 5%, if they win the evaluation, they can't take the their paid money back. They have to trade your funded account and make a successful run to get the profit share...
while i agree, that FTMO isnt the best option to get funded out there....
sadly,
95% of the traders cant even read a simple website... but quick in critics...

"THE FEE IS REFUNDABLE WITH THE FIRST PROFIT WITHDRAWAL."

https://ftmo.com/en/scaling-plan/
"Capital increments take place in four-month cycles. For a capital increase, the trader has to reach the gain of at least 10 added percent points in four consecutive months (i.e., the average of at least 2.5% gain per month). At the same time, at least 2 of these 4 months need to be profitable. If the trader fulfils this, the initial capital will be increased by 25%. Along with that, the basis for the calculation of loss limits will change and risk parameters will be loosened. After another 4 months, if the trader satisfies the conditions of appreciation and the ratio of profitable months, he or she will gain the possibility of further increase of the capital by 25% of the Initial Capital. Increments of capital have no ceiling."

so, what % of the trader do you belong?
the 95% who cant read?
there is always, always another trade!!
  • #508
  • Jul 8, 2019 9:02am Jul 8, 2019 9:02am
@Profitfarmer

It was a very quick reply, Yes, I missed the scaling plan page. Have you read this statement

"The Challenge is a 30-day simulated trading account in which you have the opportunity to demonstrate discipline in meeting the money and risk management objectives. Your trading style is completely up to you, we do not set any limits on instruments or position size you trade. We measure your trading performance based on the Trading Objectives."

Your evaluation is on the simulated account after paying the money, And where in the world you will get your first withdrawal in the simulated account profit?. Your first withdrawal will be after passing the challenge and with the first profit of the initial capital. So if you lose the challenge, you are gone.

Apart from the scaling plan what else did you find missing?.

No think what category are you from before commenting others
  • #509
  • Jul 8, 2019 9:16am Jul 8, 2019 9:16am
Quoting cutevedha
Hi I have been trying to find out the growth option on your funding program. Looks like your program is completely risk free for you and no coverage for the traders. For initial evaluation, they need to pay the money and do the evaluation on virtual account. If they lose their money is gone and it is on your pocket. You are targeting the 95% of retail traders who is losing. Even for the 5%, if they win the evaluation, they can't take the their paid money back. They have to trade your funded account and make a successful run to get the profit share...

Don't agree with 5ers....that it would be better..... First of all it's much more expensive to pass an profit share is less.... Like profit farmer said... Maybe there are better options.... I can't give you them where you can get funded without a track record.... So this considering... I don't think ftmo is so bad.... And you could use ctrader as it us my personal prefered fx platform.... For intraday trading it looks fine....And if you succeed the requirements monthly its more easy to scale up as you can double up a few times if you want.... Cheers
  • #510
  • Jul 8, 2019 9:34am Jul 8, 2019 9:34am
Quoting Patje
{quote} Don't agree with 5ers....that it would be better..... First of all it's much more expensive to pass an profit share is less.... Like profit farmer said... Maybe there are better options.... I can't give you them where you can get funded without a track record.... So this considering... I don't think ftmo is so bad.... And you could use ctrader as it us my personal prefered fx platform.... For intraday trading it looks fine....And if you succeed the requirements monthly its more easy to scale up as you can double up a few times if you want.......
Thanks @Patje

I am not supporting or marketing any provider. I was checking Apiray, Audacity, FTMO, 5ers Feibel and few others. Every one is pure business, I felt 5ers wer slightly better out of these (Doesn't mean I am supporting or suggesting them)

Ex:
You are in evaluation at 5ers, You will start trading the live (Not a simulated account)
You have to trade minimum 20 trading days and minimum 40 trades (Even if you made the evaluation target in 10 trades you have to reach 40 trades limit)
If you make some 10% profit in 10 trades and lose 5% on the next thirty trades, as per the rules you are failed with your evaluation.
But on the remaining 5% you will get your 2.5% share return. (little more possibility to get your money back even if you lose, Good trader can also have a losing streak after winning initially)

Good thing
- Keep the trade open as long as you want
- Allowed to open during news event
- You can extend your evolution period beyond 6 months
- After securing the fund, there is no time limit to reach your 10% target

I felt, it is good for long term traders. This is what I observed form their videos and web sites.

Finally it is individual wish to choose their own with their own groundwork.
  • #511
  • Jul 8, 2019 10:57am Jul 8, 2019 10:57am
Quoting cutevedha
{quote} Thanks @Patje I am not supporting or marketing any provider. I was checking Apiray, Audacity, FTMO, 5ers Feibel and few others. Every one is pure business, I felt 5ers wer slightly better out of these (Doesn't mean I am supporting or suggesting them) Ex: You are in evaluation at 5ers, You will start trading the live (Not a simulated account) You have to trade minimum 20 trading days and minimum 40 trades (Even if you made the evaluation target in 10 trades you have to reach 40 trades limit) If you make some 10% profit in 10 trades and lose...
Just looked briefly at 5ers...not sure but maybe interesting to use the EA..... As it is more long term wich is not my manual style.... And for manual trading I use ctrader... I am following ftmo.com for a while they give me a genuine feeling.... At some point I maybe give them a shot..... I like the idea of a risk free account.... The 10% target is not necessarily to be reached at ftmo they said if you meet risk requirements they will extend till you have reached it.... I am not an expert on prop trading but they don't look bad.... Was nice if traders who passed would write about ftmo here on FF...
  • #512
  • Jul 8, 2019 12:20pm Jul 8, 2019 12:20pm
i curious to know ... what's benefits to trade for this firms?.... are they going to give you job and visa and fly ticket if you are good trader? or nothing just trade?
because i don't see much benefits to trade for this firms if there is no something like future career to good traders .. for examples ftm can give 10000$ but with max loss 1000$ so it's same if i deposited 1000$ at any broker and traded by myself.!! so what's other benefits that firms give to traders?
  • #513
  • Jul 8, 2019 1:25pm Jul 8, 2019 1:25pm
Quoting JsCave
i curious to know ... what's benefits to trade for this firms?.... are they going to give you job and visa and fly ticket if you are good trader? or nothing just trade? because i don't see much benefits to trade for this firms if there is no something like future career to good traders .. for examples ftm can give 10000$ but with max loss 1000$ so it's same if i deposited 1000$ at any broker and traded by myself.!! so what's other benefits that firms give to traders?

If you succeed it doesn't cost you anything... Only your time.... Everybody has too decide if it's something for them....
  • #514
  • Jul 8, 2019 2:24pm Jul 8, 2019 2:24pm
Quoting Patje
{quote} If you succeed it doesn't cost you anything... Only your time.... Everybody has too decide if it's something for them....
still didn't get it... what's advantage that i get more than trade at mt4 ? i can simply deposit 500$ and trade on my main account instead of pay 500$ and get 50000$ account with 500$ max loss?
  • #515
  • Edited 6:29am Jul 9, 2019 12:14am | Edited 6:29am
Quoting JsCave
{quote} still didn't get it... what's advantage that i get more than trade at mt4 ? i can simply deposit 500$ and trade on my main account instead of pay 500$ and get 50000$ account with 500$ max loss?
The advantage is the upside.

Given you qualify,
Both case your downside is 500$.

The upside that on 50k you can make 6% there on, and getting 70/100 share you earned 2100$...
Vs.
You can trade your 500$ account, and shoot for 420% to match that.

Which scenario has the higher margin call risk?
The more likelihood to consistently play out?
The better upside potential?
( Mind you, what the 50k earns withdrawn, can go to your MT4 where 100% of profit is yours!)

The catch isn't there.
It is in the traders head.
Most fail to realize that 10-20k not enough to full time living, yet they are poor wannabes most case who won't pay up for 500$ trial.
Then the few who actually past test try to make up for the lessen equity with more risk, and fail.

Here you are, still thinking that 500$ on an MT4 account will make you a trader, in reality, if handled with care, it can earn you 2 cinema tickets a month, but sadly rarely enough for the popcorn.

Said before, say again:
If someone can trade, work to make a 6-12 month track record, solid one, on a live acct ( preferred 10k+) and that can open up doors to a lot more money than 10-50k funding, with no trial fees to pay.
But then we are back to sq1, 500$ won't take you there...

And sorry,
For ones circumstances, excuses, promises, hopes; or agreeing or not with this post,
That just won't change how in reality prop trading is, the upside, the downside, and all.
For no track record traders, FTMO is as good as any of this kind I came across.
there is always, always another trade!!
  • #516
  • Jul 9, 2019 4:09am Jul 9, 2019 4:09am
Thank you for answer but i have other point of view:
Quoting profitfarmer
{quote}
Quote
The upside that on 50k you can make 3% there on, and getting 70/100 share you earned 2100$...
Vs.
You can trade your 500$ account, and shoot for 420% to match that.
if someone give you account with 50000$ and tell you max loss is 500$ then that's mean you will deal with account like if your balance is just 500$ not 50000$ ... so if you want to earn 2100$ that's mean you will gamble and can break firm rules for get that 2100$.

Quote
Here you are, still thinking that 500$ on an MT4 account will make you a trader, in reality, if handled with care, it can earn you 2 cinema tickets a month, but sadly rarely enough for the popcorn.
the amount that enough for full time living is different from country to other ... in my previous job my salary was just 100$ and i was working for 14 hours ... but yes if you are American - Canadian - European - any from this countries yes as you said 2 cinema tickets ... but in some other countries if you can generate even 100 or 200$ that's still low but better than work for 14 hours to someone else .
so Defination to full time trader different from place to another

last point: i liked that firm seem better than ftmo with period of 6 months probably i will give a try when i get free time
Quote
https://the5ers.com/
  • #517
  • Jul 9, 2019 4:37am Jul 9, 2019 4:37am
Yes it is good opttion but without proved age and very very good MM you are dead on both challange and verification proces as everywere
  • #518
  • Jul 9, 2019 4:48am Jul 9, 2019 4:48am
Quoting mizi123
Yes it is good opttion but without proved age and very very good MM you are dead on both challange and verification proces as everywere
But what is good thing is that these limits as set to make you a better more disiplined trader, because these is the hardest issue were 95 % fail
  • #519
  • Jul 9, 2019 6:19am Jul 9, 2019 6:19am
Quoting mizi123
{quote} But what is good thing is that these limits as set to make you a better more disciplined trader, because these is the hardest issue were 95 % fail
Yes bro, even if you planning to start first time with $500 account, start with one of them which suits for your need and try to adopt their disciplined rules. It has more advantage on starting with them rather starting with your own

- They will enforce you to follow the rules - good learning for your career
- If you blow your account with them, definitely you would have blown up your own account as well
  • #520
  • Jul 9, 2019 6:30am Jul 9, 2019 6:30am
Quoting JsCave
Thank you for answer but i have other point of view: {quote} {quote} if someone give you account with 50000$ and tell you max loss is 500$ then that's mean you will deal with account like if your balance is just 500$ not 50000$ ... so if you want to earn 2100$ that's mean you will gamble and can break firm rules for get that 2100$. {quote} the amount that enough for full time living is different from country to other ... in my previous job my salary was just 100$ and i was working for 14 hours ... but yes if you are American - Canadian - European...

we dont need to see the things the same way; and a post that i think helpful you may well read other ways; and it doesnt matter really.

500$ will never generate 200$ monthly in a safe trading. that would be the gambling.
i am fully understand Egypt is a low salary paying country ( i grew up in a communist country, and live in a "3rd world" one)
and i wont get into possible reasons why that may be the case...
but if your salary was/is near 100$ a month,
trading as is, should probably not be your life's priority at this stage.
there is very little chance that a 3-digit account will ever earn you enough to live on, and anyone suggesting that lies!

a final thought:
the definition of a full-time trader is the same everywhere: someone who lives from/on his trading profits
the different is the living cost itself.
there is always, always another trade!!
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