FTMO - For serious traders

So I have just had this chat with FTMO help:

Hello, welcome to FTMO. How can I help you?
12:34
Hi, I have traded a free trial demo, before I buy challenges can someone check that my style of trading will be acceptable to FTMO?
Mohammed Taleb
12:35
Once you finish your trading period we will send you a Trading Analysis of your account.
12:36
What will that do?
I want to know that if I buy a challenge and trade just Oil at $250/tick whether you will pay me out after 14 days or not
Mohammed Taleb
12:37
Your trading style is completely up to you. We have no reasons for limiting or restricting your trading strategy, whether it’s discretionary trading, hedging, algorithmic trading, EAs, etc. As long as your trading is legitimate, conforms to the real market conditions and we can replicate your trades on our live corporate accounts, there is no limitation to your trading style or strategy.
12:38
How would I know if you can replicate my trades on your live corporate accounts?
Thats not my problem is it?
Mohammed Taleb
12:38
It's not your problem correct.
12:39
Your problem is to have a good risk management and a consistent strategy.
As I told you, As long as your trading is legitimate, conforms to the real market conditions and we can replicate your trades on our live corporate accounts, there is no limitation to your trading style or strategy.
12:41
But how do I know if you can replicat emy trades oe not?
12:42
replicate* my* trades*
Mohammed Taleb
12:42
We use our own method to do so, I can't tell you that information because I don't have it.
12:42
Have a look at the link I sent to my trial demo just. Can you replicate those trades?
12:43
you can see, size, duration etc etc
Mohammed Taleb
12:43
I can't give you a response C*****e. If you are using a legit strategy with good risk management, then there is nothing to worry about.
12:43
what do you mean by a "legit strategy"? It is my own strategy trading USOil at $250/tick
Mohammed Taleb
12:44
Depends on your SL
If your SL for example is 4% of the account.
12:44
the SL is 12 ticks
Mohammed Taleb
12:44
Then will not be legit.
12:44
its 3%
12:45
Ok so please can you tell me what the stop losses need to be then? (As it doesn't mention this anywhere on your website)
Mohammed Taleb
12:46
What I mean by this is that your risk management must be good, that is, we are not going to force you to use SL but if we see that you over-operate with many lots without stopping as a "gambling" mode, that could be considered trading not allowed. .
12:46
Do the maximum risk per trade vary from instrument to instrument or is that just on Oil?
Mohammed Taleb
12:46
For Normal type accounts we recommend a maximum of 1% for each operation, your account being Aggressive type would then be equivalent to 2% per trade.
12:47
Apply for everything I'm just giving you a recomendation in order to don't have any problems.
https://ftmo.com/en/faq/which-instru...llowed-to-use/
Please read the article if my explanation is not good enough.
12:48
It seems very ambiguous to me, I thought the drawdown rules were 10%/day and a maximum of 20% overall? No one mentioned that the risk has to be 1-2% of the account balance before.
Mohammed Taleb
12:48
I'm telling you that is a recommendation from my part.
And that all I can say.
Check the link If you want more info about this.
12:51
Ok I appreciate that, another question I have is. If I trade through the challenge and verification period and then the first 14 days and then ask for a profit share (and its a big one hopefully) I understand that FTMO have to analyse the account at that stage. Is that correct? If so what are they looking at as all my hard work has been done by that stage? I am particularly concerned about getting to the profit split stage and being accused of duplicating strategies or too many accounts on your system trading the same strategy. If this happens when do FTMO tell me this?
Mohammed Taleb
12:52
Yes, we always review your results on all the phases and also on FTMO Account once you request the Profit Split. Our team of analysts looks at things like only taking advantage of GAPS, taking advantage of some Delay on the server or some kind of trading that takes advantage of an error to benefit. PLease don't worry I already told you If you strategy is a normal one with your regular analisis, there is nothing to worry about.
12:54
Oh ok, what about if someone else has accounts at FTMO and my trading strategy looks very similar to his. Doubtful as my strategy is my own creation. But say there is, what happens then?
Mohammed Taleb
12:54
That's normal, nothing happens, how many traders do you think have similar strategies? What we are going to monitor is if the strategy is exactly the same.
12:55
Is that clear?
12:56
Was there anything else I could help you with?
12:57
Ok this all sounds encouraging. Once I have completed the free trial would it be possible for someone to review that account and tell me if the trading is acceptable BEFORE I buy 2x$100k accounts at a cost of £2k?
Mohammed Taleb
12:57
Yes, we will send you the review once the trading period of the Free Trial ends.
12:58
And would that review tell me that if I traded in the same way on real accounts then I wouldn't have any problem being paid out? No matter the amounts?
Mohammed Taleb
12:58
Yes, If there is something wrong we will tell you no worries.
12:59
So your advice is trade the free trial to the end and see what the review says and if that's ok then go for a proper challenge knowing that if I trade in the same way then payout will not be a problem?
Mohammed Taleb
13:00
You already passed the objetives just don't use it until the period ends or you can keep practising if you want. And again check https://ftmo.com/en/faq/which-instru...llowed-to-use/ if you have more doubts about your trading strategy I can't tell you more about it.
13:00
Please can you email me this chat transcript.
Mohammed Taleb
13:01
The transcript will be available once we end the chat. Please check the article and https://ftmo.com/en/gambling-is-not-...to-make-money/ that one as well.
Was ther anything else I could help you with?
13:01
thats all thankyou
Mohammed Taleb
13:01
You're welcome, should you have any other questions please contact us again. Have a wonderful weekend!
13:02
closed the chat

So there was mention that taking 4% risk per trade was too much and could be considered as gambling. My initial thoughts were to take 3% risk per trade or probably less. It seems that the review of my free trial will tell me all, I very much doubt that as I've passed it already so could just stop now and I'm not sure what they can gain from looking at just 7 trades!!??

Looking back it seems that TraderOtakar who is the FTMO representative tends to reply on Fridays, so maybe he can comment on if FTMO can "replicate your trades on our live corporate accounts" or advise on anything else I have mentioned.

Ödemeyi yaptığım hesaba geri gönderdiler. Genel olarak şirketten çok memnunum, uzun yıllar onlarla çalışmayı umuyorum. {image} {image}[/quote]


I didn't know that we could make withdrawals to a crypto exchange account in USDT, this is good news for me. I haven't received payment yet, but it will be a preferred method for me. I'm glad I came across this image, and thank you for sharing.

Hello traders,
Welcome to our latest ForexFactory update. Today we have a lot of news to unfold, so let's get right into it

Starting with the platform updates as usual: On Monday, 28 August 2023, due to a national holiday in the United Kingdom, UK100.cash will be closed the whole day. With respect to the same holiday, the symbols COCOA.c, COFFEE.c, currently available for Free Trials only, will open late at 2:30 pm (GMT+3/ CEST +1).

NATGAS.f, on Monday, 28 August 2023, and USTN10.f on Wednesday, 30 August 2023 will roll to their respective new future expiries. In order to facilitate the process and protect the accounts from possible liquidity shortages and temporary price spikes, regardless of the account stage (FTMO Challenge, Verification, or FTMO Account) or the account type (Normal, Swing), traders are required to close their positions on the affected symbols before 9:00 am of the relevant day above. Trading will be enabled again at 10:05 a.m. on the same day. Eventual positions left open after 9:00 am will be closed at the prevailing market price and pending orders will be deleted.

As you might have noticed from the Trading Updates above, we added new symbols and expanded the list of tradeable instruments by agricultural commodities.
To be specific, we added Cocoa, Coffee, Corn, Soybeans, and Wheat.
You will find the new symbols in your Free Trial accounts only for the time being, with 0 commissions and 0 swaps. Once we thoroughly test them and make sure there are no issues with data or quotes, we’ll add them to all the other account types too.

We have officially launched our Discord Server! A heavily requested action has been taken, and you can now join the community of serious traders from all over the world. Not only you will find there all the FTMO-related information, updates, and news, but you can also chat with other traders in dedicated channels get inspired by their strategy, and exchange knowledge in general.
Your invitation link is here, come say hi!

And the final new release is FTMO Academy! Although the main focus of our company is to provide undercapitalized retail traders with FTMO Accounts, we also want to provide traders with quality education, as we think the lack of it is the main reason why most forex traders lose money.
The FTMO Academy is divided into 4 parts, starting from the rather basic topics and slowly progressing to more advanced areas, and at the end of each lesson, there is a test that you need to pass. And the best thing? There are rewards for passing the tests, including a discount for an FTMO Challenge.
I’m sure that most of you are thinking that there won’t be anything new that you did not already know, but how about reading Commitments of Traders (COT) reports by CFTC or using Divergences in your favour? Check your trading education at academy.ftmo.com.


That’s about it for the updates, let’s see your recent posts:

Hi Fascinus, well done & thanks for sharing! I just wanted to add one thing: I fully understand that you’re concerned about your privacy and hence you do not want to share your name with the certificate. That is why recently added a small feature that allows you to your your nickname instead of your full name on your FTMO Certificates. You can set the nickname and opt-in to use it in the Certificates section of your Client Area.

Hello Ak386, thank you for your words of appreciation! After figuring out just how many traders make multiple registrations just to start a new Free Trial, we decided to come up with this feature.

Hello Marketchaos, as our motto is “for serious traders”, we want to stand by it and provide our traders with a professional environment. That includes the quality of our support, apps, and trading conditions as well. I’m glad to see that you see it too!

Hello SheikhCarlos, we do not have specific limitations for any instrument as they would need to be constantly adjusted to take into account the endlessly variable market conditions. A trading strategy is the sole responsibility of every trader, and the strategy itself should be reasonable enough and with solid risk management principles that traders themselves wouldn't have concerns deploying it on their own live accounts.
To be a bit more specific, going full margin on any trade idea is never clever. Setting your risk just towards the Max Daily Loss/Max Loss limit is never clever. Putting all cards on one market event, even on correlated assets is not clever too. As long as you’re treating your trading account with FTMO as you would your own live account and your style of trading does not resemble gambling practices, we have no reason to limit you.

Hello Tue5, sure thing, crypto withdrawals have been an option for quite some time, and USDT is one of the currencies we offer too. Hope you'll get your first payout soon!


Okay, that's about it for this week. Thank you for your attention traders, and enjoy your weekend to the fullest!
-Vitek

Hi Vitek-ftmo,

I wanted to check if the slippage conditions on Demo accounts are the same as your challenge trading accounts?

I am trading the 1M chart with a 3 pip SL (I know this is too tight lol) but on the demo account I am seeing very favorable results. The only concern I have is if the trading conditions on the demo and the challenge accounts are completely identical?

Anyone here trading the big $200k account live, after passing both challange and verification stages.

Should get mine on Monday - how you finding it emotionally?

All comments welcome!

Main thing is there is no more 30 days max time for passing challenges...take your time,there is no rush,take one usd by one and everything will be ok...this is just the game,so play and enjoy!Wish you a luck!

Thanks! I mean I have also passed both challange and verification stage.

So as of next week i'll also be on the $200k live account

Great and congrats!!!!!
So,now just do everything the same as on challenges and once more,take your time,usd by usd!!!

Interesting developments - I wonder what caused this, and if this is a general move we will see in the industry.

Yes, this is a great thing. I failed my first two challenges because of the time pressure. Now that the time limit is gone, i'm growing my two current challenges very slow and steady. I hope the LIVE conditions will be very close to the DEMO feel...

no more updates ?

I just try demo FTMO i keep a gold trade for 3 days i close at +473 and i realize the swap is ridiculous at cost of 196 for this trade
sorry but it is not worth this is the cost of my swap for 10 month with another broker

thats standard for overnight, especially weekend holds. Has nothing to do with FTMO, swaps arent rigged. Honestly, if you stick to liquid seasons, spreads are pretty good too. About to get my third payout, 4k left on the challenge to have max allocation. I might be just coping but had no negative experiences with the

Hello traders,
Welcome to our regular ForexFactory update, today will be much swifter than last time as there is not as much news to share.

Starting off with platform updates:
We are thrilled to announce that starting after the testing phase has been successfully completed, from Monday, 18 September 2023, agricultural soft commodities (COCOA.c, COFFEE.c, CORN.c, SOYBEAN.c, WHEAT.c) will be introduced to be traded on Evaluations (FTMO Challenges, Verifications) and FTMO Accounts on all platforms. Please note that some specifications, such as trading hours and leverage, might differ from the ones specified in the testing phase and therefore, kindly take some time to review the new conditions before placing trades on your Evaluations and FTMO Accounts.

On Friday, 15 September 2023, DX.f rolled to their respective new future expiries. In order to facilitate the process and protect the accounts from possible liquidity shortages and temporary price spikes, regardless of the account stage (FTMO Challenge, Verification, or FTMO Account) or the account type (Normal, Swing), traders were required to close their positions on the affected symbols before 9:00 am of the relevant day above. Trading was enabled again at 10:05 a.m. on the same day. Eventual positions left open after 9:00 a.m. will be closed at the prevailing market price and pending orders will be deleted.
All times are expressed in the MetaTrader platform time (GMT+3/ CEST+1).

Moving on to your recent posts:


Hi Moiz1010, we’re using the same pool of liquidity providers for all our accounts, whether we’re talking about Free Trials, FTMO Challenges, or FTMO Accounts. The trading conditions that you get in the Fee Trial (regarding slippages, spreads, execution time, etc.) will be the same in the other account stages.

Hi there Jezzode, we are aware of the situation with My Forex Funds. However, as we have no further information on the matter, other than what was published, we are unable to comment on the situation. In light of this matter, we would like to assure you our services remain unaffected and you are welcome to continue trading with us as usual.
Also, congratulations on obtaining an FTMO Account, good luck with your trading!


And there we go, a very quick update today. Thanks for sticking around and have a great week ahead everyone!
-Vitek

Hello Vitek,


what are the rules regarding copy trading ? Your account needs to be the master ?

Vitek, I had to go to another Prop firm because the communication is not good in the support. . In your support they can't solve many things.
I have several email addresses to do demos, now that I want to open a challenge with FTMO my email addresses are blocked and my official address too.

Hello everyone,
welcome to our regular quick bi-weekly update.

Due to scheduled maintenance on Saturday, 30 September 2023, MetaTrader 4 and MetaTrader 5 were briefly unavailable for trading from 7:00 am to 9:00 am.
On Sunday, 29 October, Daylight Saving Time will end in Europe. This means that at 3:00 am Prague time CEST / GMT+2 (or 4:00 am GMT+3) the clock will be shifted one hour backward to 2:00 am CET – GMT+1.

However, please note that since the MetaTrader platform time (GMT+3) will not change until Sunday, 5 November, until then there will be a two-hour difference between the server time and your Client Area (and any time-based metric) from CEST+1 to CET+2. Specifically, kindly note that Prague time CE(S)T is the one on which Max Daily Loss is calculated and that after this date, CET will be the new notation.

In the period ranging from 29 October to 5 November, there will be no trading hours affected besides the EU Shares, whose open and close time will be shifted 1 hour ahead (11:00 am – 7:30 pm GMT+3).

This week, we also released the FTMO News Indicator! This tool will help you visually track all the upcoming news events directly in your MT4 or MT5. No need to cross-check the Economic calendar any longer, all the news-related information is now available directly in your MetaTrader. See more details in the related article here.

Let's move on to your recent posts:


Hi Stoneyrocks, it is up to you whether the account you have with us will be used as a master or a slave account. Also, I’d strongly advise to copy your own trades. If copied some signal provider, there’s a chance you would not be alone and hence our Maximum Capital allocation per trader/strategy rule.

Hi Ak386, I’m sorry to hear that, I believe in the high quality of our support services, however, without seeing the specific case, I can’t make any further comments. If you have multiple registrations with us under different email addresses, please note that such action is against our Terms & Conditions as only one registration per client is allowed. Please let us know which registration would you like to keep active and your access to your Client Area will be permitted again.


Okay, that is it for today. Thank you for your attention and enjoy your weekend!
-Vitek

It happened to anyone who try to do demo with different email registrations.

This happened to me too.

As per FTMO adice, I opted to use one email ID and did KYC.

Now everything ok.

The best firm in the industry.

Hi, I registered at the site, wanted to get a Demo "free' trial, but the trial is 'only' for 14 days, please, tell me, I must pass the 'test' in 14 days.. or i can get more time?
Thanks