FTMO - For serious traders | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

$1,000,000.00 and Beyond ft. FTMO 29 replies

AkaMRP FTMO Journey 45 replies

FTMO Challenge.... How to beat....? 28 replies

FTMO Challenge; Could Survived? 41 replies

FTMO Challenge & Max Drawdown Issue 5 replies

Attachments: FTMO - For serious traders
Exit Attachments

FTMO - For serious traders

  • #121
  • Nov 8, 2017 8:30am Nov 8, 2017 8:30am
Quoting alicia19
{quote} Hello Alicia, the Challenge and Verification can be passed both in 10 days, so in the ideal case you need to trade 20 days, which I hope is understandable. Otakar FTMO.com / Funding for serious trader
10 Days is the minimal days to pased the demo #1 puls 10 extra days for demo #2 but it can take a trader more thant that up to 30 days when that demo expire in each demo what could take 60 days total. who garantiza that in just 10 day you will make 4k for demo 40k? PLUS other stupid rule r you are not just asking for 4k you are asking to make money 50% of the days ,wich mean that even if you make the 4k but you lose 51 % of the days you will need a new demo. CHALLENGE 40 $40,000 initial capital Trading Period30 days Minimum Trading Days10 Positive Days50% Maximum Daily Loss$2,000 Maximum Loss$4,000 Profit Target$4,000 Price: €345[/quote]
Agreed
As whats is shown in the detailed challenge , ( 10 + 10 ) = 20 days so how come he is saying we can pass both phases in 10 days?
  • #122
  • Nov 8, 2017 9:08am Nov 8, 2017 9:08am
this thread now becomes serious...
  • #123
  • Nov 8, 2017 10:05am Nov 8, 2017 10:05am
People,

As someone who has friends who work in the financial markets, I can guarantee you that not a single money manager looks for people to trade their money by advertising on places like Forex Factory.

Ask yourself a question. If you had thousands of dollars you wanted other people to trade for you, would you come to a forum like ForexFactory (full of part-time or wannabe traders who do not even have a years worth of proven audited history or whose trading results could not pass even a simple Sharpe test) or would you place an advert on established professional sites where they would advertise for professional traders who have proven track records from previous trading banks/trading houses?

Why would anyone offer you the ability to manage their money without actually meeting you face to face so that they could see who they were dealing with? After all, the personality of someone who will be managing their money is far more important than how much this person could make for them. Why do investment banks and hedge funds INTERVIEW their candidates rather than ask for amateur trading histories?

No one, not a single professional enterprise, would EVER work like this so please do not get taken in when anyone says they will give you huge amounts of money to trade on their behalf.

Almost all professional money mangers/traders are licensed and you are telling me someone on FF is going to allow them to trade their money without you being properly legally checked? Don't make me laugh.

If by some miracle, you do get handed some money to trade, how do you know the money they do give is legitimate money? Do you really want the police/authorities knocking on your door saying you are helping to launder dirty money? 20 year prison in some countries for money laundering crimes.

Stop dreaming people. Genuine firms that are looking for money managers DO NOT come to Forexfactory asking for traders.

Tell me, how many people on here have you EVER heard of who were given such money to trade on a forum like Forex factory? ZERO!!!

Stop being taken in by all the Bull Crap. Chances are you will have to pay them something and the chances are, you will never ever get your money back.

People who offer such services, are playing on the dreams of newbies. All to often, the newbie has to pay something to qualify and then they are told, they do not meet requirements.

If you think you are genuinely good trader, take your results to a hedge fund and they will happily employ you provided you can pass their interview and you will earn millions. I bet you not a single person here can. That is why people sell you the dream that you can someone manage their money if you pay an upfront cost to prove how good you are.

Anyone who falls for this and ends up paying a single cent to "qualify", I hope it's money you ca afford to lose as I can guarantee you that you will not be getting it back!!!!

If something is too good to be true, it usually is.
  • #124
  • Nov 8, 2017 10:20am Nov 8, 2017 10:20am
Quoting TraderOtakar
Hello Traders, my name is Otakar
Can you prove that any money you do give (I have zero faith you will ever give) is legal and above board?

Are you licensed in your jurisdiction? If yes, can we have details?

How do we know that the money is clean and not dirty money and you are using naive wannabe traders on the web to launder your dirty money.

Remember people, people who want dirty money laundered, are happy to take a loss (sometimes as much as 50%) just to make sure that the remaining ends up being clean. What proof is there that this is not such an enterprise?

If you are really a legitimate money manger, why are you looking for amateur traders here? Why not advertise for ex-bank traders who are legally checked and licensed and who have proven track records?

Banks and hedge funds call people in to be interviews, will you be doing same? Or are you willing to accept any stranger from the web? Banks and hedge funds do not charge people to show how good they are, why are you doing so?

Will anyone who trades your money have to be registered with any authorities? If not, are you telling me you are prepared to accept anyone who passes your "tests" without undertaking a background check on this person? How is this even legal or proper?

Are you not familiar with money laundering laws? Seems to me you are breaking almost every one of them by this offer which seems to be devoid of any and/or all legal precautions.

I have read the interview by someone you claim has passed your test, it's a joke. It could have been written by you or anyone else. Absolutely no proof whatsoever that this is from someone genuine.
  • #125
  • Nov 8, 2017 12:30pm Nov 8, 2017 12:30pm
I had a time after i did my trades in my REAL account to login to there demo one and got a nice trades ( took me 5m to close it )

i wish they are real ( talking about the company )
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 116 KB
  • #126
  • Nov 8, 2017 12:39pm Nov 8, 2017 12:39pm
Nice great work abusaad...............
I guess the only thing I have to say is if this company is legit they will not give you access to money you will only be able to trade their platform so after proving yourself as a successful trader you can trade their accts you just be acting as a 3rd party trader..............whatever contracts/agreement you have as a trader just ensure you keep copies of all paperwork you sign to ensure you are protected in the event that authorities do inquire.
Also I still have not heard of a true live trader that has been funded which I understand it's a strict verification for them to find a diamond of a trader so for them to receive 30% of something is better than nothing if they truly have good intentions of funding and paying the trader so once someone from here is able to qualify then i'm sure others will follow with ease until then we can't say whether they are legit or a scam it's up in the air in my humble opinion
Good luck to all...........
  • #127
  • Nov 8, 2017 12:52pm Nov 8, 2017 12:52pm
Quoting Tesmy
...
Don't know why you make such a fuzz over them. If you don't like what they are offering or don't trust what they are doing, just don't bother.

I doubt this has anything to do with "money laundry". They provide you with a Trading account they create and fund. They will not send you any money.

And why not look at FF? This is the biggest and most known forum in the Forex scene today. It would be stupid if they DON'T look. Also they don't recruit any stranger and give them their money. You have to pass two challenging tests without breaking the rules. Not something any ForexFactory "amateur" will ever be able to accomplish.

Also have a look at https://www.topsteptrader.com/ - This is the same. They exist since 2012 and have exactly the same business model: Free demo, but if you want to get funded you have to pay a fee and pass the tests without breaking any rules.
  • #128
  • Nov 8, 2017 12:55pm Nov 8, 2017 12:55pm
Another DEMO catches
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 102 KB
  • #129
  • Nov 8, 2017 1:06pm Nov 8, 2017 1:06pm
And i am done with this demo ( waste of time ) to bad my DD is 8% loool
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 127 KB
  • #130
  • Nov 8, 2017 1:14pm Nov 8, 2017 1:14pm
Quoting amfels07
Nice great work abusaad............... I guess the only thing I have to say is if this company is legit they will not give you access to money you will only be able to trade their platform so after proving yourself as a successful trader you can trade their accts you just be acting as a 3rd party trader..............whatever contracts/agreement you have as a trader just ensure you keep copies of all paperwork you sign to ensure you are protected in the event that authorities do inquire. Also I still have not heard of a true live trader that has...
If you like to read about true funded trader, few posts in my journal is on this topic.
However the no jump hoops/upfront fee opportunities want 6-12 month live statement from reputable broker, some own funds ( no demo traders!!), and tend to offer a lot less % profit share, although considerable more funds then 10-40k.
there is always, always another trade!!
  • #131
  • Nov 9, 2017 2:17am Nov 9, 2017 2:17am
Good morning/afternoon everyone,

for traders interested in our Dax Pre-market analysis, just click here: https://ftmo.com/en/dax-9-11-2017/


Otakar
FTMO.com / Funding for serious trader
  • #132
  • Edited 5:10am Nov 9, 2017 2:45am | Edited 5:10am
Quoting mw108
{quote} Don't know why you make such a fuzz over them. If you don't like what they are offering or don't trust what they are doing, just don't bother. I doubt this has anything to do with "money laundry". They provide you with a Trading account they create and fund. They will not send you any money. And why not look at FF? This is the biggest and most known forum in the Forex scene today. It would be stupid if they DON'T look. Also they don't recruit any stranger and give them their money. You have to pass two challenging tests without breaking...

Because part of being a community (on ForexFactory) is to make sure that those with little or no experience are not taken in by unscrupulous people.

If I have clear knowledge of something that is too good to be true, why should I not warn anyone?

You seem to have no knowledge of money laundering. If they provide and fund an account for you, it is your responsibility to ensure that the funds are from a legitimate source. If the company has not been legally registered and gone through legal checks and been given a clean bill of health by the legal authorities, you have no way of knowing that you are helping top launder dirty money. But this still makes you liable to be prosecuted as it's your responsibility to make sure you know where the funds you are trading comes from. You would be prosecuted for aiding and abetting a criminal enterprise.

And the fact that someone is prepared to give funds to a stranger on the net to trade without due diligence and legal checks, should be a huge warning sign. Every single trader at a bank or fund is legally checked for "fit for purpose" yet here, no such checks on any individuals are made. This is a MAJOR warning sign.

With regards to topsteptrader.com, well how many have successfully passed their tests? How many are trading successfully and taking home huge amounts? Do we have audited and verified trading accounts from those who have been given money to trade? I suspect not.

So I have every reason to warn people and tell them what to look out for.

If you have an issue with people who tell the truth and warn others, then shame on you.
  • #133
  • Edited 5:07am Nov 9, 2017 4:38am | Edited 5:07am
Quoting mw108
{quote} Also they don't recruit any stranger and give them their money. You have to pass two challenging tests without breaking the rules. Not something any ForexFactory "amateur" will ever be able to accomplish.
Above tells us exactly what you know about the real World of professional traders - absolutely nothing.

Pass two challenging tests? The tests are a joke. They do not promote sensible trading but get traders to take excessive risks and to trade in the short-term. The most successful traders in the World make their money executing trades that are then held for months. This is a day trading scam that encourages short-term, high risk trading where the trader constantly has to be in the market making short-term trading decisions.

Plus the "tests", DO NOT test how a person will handle the emotional stress of handling a high account. Also the "tests" DO NOT test how a person would handle the stress of trading other peoples money, especially when they start to lose.

So, please tell me how these "tests" are supposed to identify good traders? Pathetic if you ask me.

Can you tell me, does ANY bank or any hedge fund employ traders by giving them tough trading tests or do they call them in for an interview and talk to them to get a feel for what sort of person they are and whether they have the right personality trait to make it as a trader?

ForexFactory - why don't you go to any bank/fund trader and ask them if they have ever heard of ForexFactory or any other retail trading site. I guarantee you that 99.99% would say no.

Here's a tip for you. Bank/Fund traders do not hang out on ForexFactory, it is strictly for amateurs/retail. So your claim that, "... why not look at FF? This is the biggest and most known forum in the Forex scene today..." is TOTAL nonsense. No one in the professional World has even heard of it let alone log in to it.

Anything else?
  • #134
  • Nov 9, 2017 4:47am Nov 9, 2017 4:47am
Quoting rajancr
{quote} Can you show you your live explorer?
my TE doesnt tell you anything,also doesnt help you as is a tracking for my stuff tests.and as i dont sell any shit i dont see why you ask that.i just said this biz is tricky and mostly they target newbies who must pay the fees and wipe out accounts,in fact this kind of biz love you when you wipe out .if you are a newbie then go learn to trade and when you will lose at least lose on your hand and also learn from that.but also you can waste your money on marketing stuff ,nobody care.
Take what you can, give nothing back
  • #135
  • Nov 9, 2017 4:51am Nov 9, 2017 4:51am
Quoting amfels07
Nice great work abusaad............... I guess the only thing I have to say is if this company is legit they will not give you access to money you will only be able to trade their platform so after proving yourself as a successful trader you can trade their accts you just be acting as a 3rd party trader..............whatever contracts/agreement you have as a trader just ensure you keep copies of all paperwork you sign to ensure you are protected in the event that authorities do inquire. Also I still have not heard of a true live trader that has...
Can anyone please independently come here and say they have managed to get funding?

Can any person be independently verified as to having passed the tests and show a verified account which shows them being funded and the profits being distributed to them? NO? What a surprise.

These offers exists simply to take payment from people who dream to be traders. Just two tests prove that someone is good enough to prove to be a trader? That is a complete joke. Stop wasting your time people. You will never get funded. They will always find an excuse not to fund you.

Some people will say the tests are hard that is why no one has yet been funded. Don't fool yourselves and don't fool others, this is a lie and the tests are a joke which does not encourage sensible trading.

As someone else commented, if this offer was genuine, why the need for payment? Why the need to go for through two demos? If they were genuine, why not allow people with established, long-term, verified, records to just show them their results and this would be proof enough. Surely his is better than two demo trading results?

No, the reason they give as to why above is not allowed is complete BullCrap. It is because they want you to pay to join them and then they can claim some excuse as to why they can't fund you.

Next excuse please.
  • #136
  • Nov 9, 2017 5:40am Nov 9, 2017 5:40am
Quoting Tesmy
{quote} Can anyone please independently come here and say they have managed to get funding? Can any person be independently verified as to having passed the tests and show a verified account which shows them being funded and the profits being distributed to them? NO? What a surprise. These offers exists simply to take payment from people who dream to be traders. Just two tests prove that someone is good enough to prove to be a trader? That is a complete joke. Stop wasting your time people. You will never get funded. They will always find an excuse...
I smell a RAT here. Who are you Tesmy???? What is your agenda.??? I have a long history here on FF (albeit not lately) & in the Forex industry. I know most of the "Prop" companies & how they work. Finally we have one that has rules that with discipline & patience can be adhered to.
You are extremely premature in asking for FF members to be funded traders as it takes at least a month to test themselves with the free trials then to go on & pass the challenges. You will need to be patient for at least another month before anyone on FF can answer you absurd questions.
So what is your agenda.? You seem very keen on discrediting this company. Perhaps you are unable to pass the tests.? Perhaps you are a failure & so believe all to be failures.?
Money Makes Money
  • #137
  • Nov 9, 2017 6:01am Nov 9, 2017 6:01am
Quoting KiwiOz
{quote} I smell a RAT here. Who are you Tesmy???? What is your agenda.??? I have a long history here on FF (albeit not lately) & in the Forex industry. I know most of the "Prop" companies & how they work. Finally we have one that has rules that with discipline & patience can be adhered to. You are extremely premature in asking for FF members to be funded traders as it takes at least a month to test themselves with the free trials then to go on & pass the challenges. You will need to be patient for at least another month before anyone on FF can answer...
Give me an example of what I have said which does not make sense or untowards and I shall answer it.

I am NOT asking for any FF member to be funded traders - quite the reverse. Have you read what I wrote? I am saying the exact opposite.

I have never taken the tests and I never would. No bank (or any other institution) asks people to pay a fee in order to be interviewed for a job. Any interview or job that requires the potential employee to make an up-front payment with no guarantee of a job is usually a scam.

If this is a genuine company with genuine funds, where/what is their legal company number? Where is there legal jurisdiction? Where is the proof they are registered with the correct authorities and everything is legal and above board?

I have double and triple checked their website - I cannot find a single piece of legal information about them.

All legitimate companies have this information on their webpage and they give the legal authority with whom they are registered. This "company" has nothing.

So pleased, you smell a rat yet the rat is this company that has provided none of the legal information required to prove they are legitimate. Where is the verified proof they have given any funds to anyone? On their website, all I am reading is unverified testimonials which can be written by themselves. Considering the clients are trading on MT4/5, why not have on display the myfxbook from these clients who have been funded?

Being in New Zealand, you should know, authorities around the World are now extremely paranoid about money laundering so almost every single trading/finance related company has to pass legal checks and be registered. Please show me a single piece of documentation that this company has any legal legitimacy and is registered to not only carry out trading activities but also be running traders?

Thank you.
  • #138
  • Nov 9, 2017 6:10am Nov 9, 2017 6:10am
Quoting KiwiOz
{quote}You are extremely premature in asking for FF members to be funded traders as it takes at least a month to test themselves with the free trials then to go on & pass the challenges. You will need to be patient for at least another month before anyone on FF can answer you absurd questions. So what is your agenda.? You seem very keen on discrediting this company. Perhaps you are unable to pass the tests.? Perhaps you are a failure & so believe all to be failures.?
You seem to be defending the company despite not having any legal proof they are genuine.

What is your agenda?

Most "prop" shows (at least here in UK) have legal authority to trade and are registered with FCA or the like. So all legitimate "prop" shows (usually trading futures) can be found by looking them up on the FCA register and you will find that all their traders have to be registered to.

Where is the equivalent legal registration for this company - where can I or anyone else look them up to make sure they are legitimate? And that the funds they may give others to trade is legitimate and not illegal money they want laundered.

Legal proof if you please - at least start with authority they are registered with and their legal number so we can check.

Thank you.
  • #139
  • Nov 9, 2017 6:10am Nov 9, 2017 6:10am
Quoting Tesmy
{quote} Give me an example of what I have said which does not make sense or untowards and I shall answer it. I am NOT asking for any FF member to be funded traders - quite the reverse. Have you read what I wrote? I am saying the exact opposite. I have never taken the tests and I never would. No bank (or any other institution) asks people to pay a fee in order to be interviewed for a job. Any interview or job that requires the potential employee to make an up-front payment with no guarantee of a job is usually a scam. If this is a genuine company...
You asked for any FF funded trader to come forward & show his/her experience. None can do that yet. You joined FF only a month ago yet you spout a whole lot of diarrhea as if you know all about this company.?? If you don't want to be a part of it, why go on & on about it. Just move on & let others make their own decisions.
Money Makes Money
  • #140
  • Nov 9, 2017 6:21am Nov 9, 2017 6:21am
Quoting KiwiOz
{quote} You asked for any FF funded trader to come forward & show his/her experience. None can do that yet. You joined FF only a month ago yet you spout a whole lot of diarrhea as if you know all about this company.?? If you don't want to be a part of it, why go on & on about it. Just move on & let others make their own decisions.
"You asked for any FF funded trader to come forward & show his/her experience"

Where? Show me where I have done this? I have asked them to come forward to prove they have been funded by this firm or any other firm that has been mentioned.

Oh - and you say no one can do that yet, then please explain below screen shots taken from:

https://ftmo.com/en/blog/page/2/ and https://ftmo.com/en/blog/page/3/

So, according to their own webpages, they already have FTMO traders who passed the tests and joined them in 2017.

So let's see these traders verified trading record on myfxbook (or the like) which shows them being funded and the 70% profits being paid.

I thank you.
---------------------------------------

I notice you can provide NONE/ZERO of the legal evidence required to justify this company as being legitimate. Why is that?

Is not part of ForexForex that we should help each other? To warn each other where something seems off and to warn others as to the legitimacy of certain people on here? To show them what to look for, what legal things to consider?

Or are you saying we should leave the newbies/innocent at the mercy of the unscrupulous?

Surely as a long-term member of this site, you should be asking anyone here who is asking for money or is requiring payment, difficult questions to ascertain their legitimacy. Or do you feel this is not your responsibility?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture3.PNG Size: 174 KB
Click to Enlarge Name: Capture31.PNG Size: 135 KB
7 traders viewing now