FTMO - For serious traders

Truth always wins and false hood is bound to perish.


Thankyou GOD

Thankyou forexfactory for doing the right thing.

Good morning/afternoon everyone,

for traders interested in our Dax Pre-market analysis, just click here: https://ftmo.com/en/dax-13-11-2017/


Otakar
FTMO.com / Funding for serious trader

Nice performance

Yes scammer , ForexFactory just did the right thing :

Hello Redoktober,

can we please dedicate this thread to FTMO.com? We have no history or knowledge of what the member MuhammedTaha does.

Thank you for your understanding.


Otakar
FTMO.com / Funding for serious trader

Sure Otakar , no problem . Anyway I will remember your hospitality and kindness.

i know Tesmy is on 'ignore' and cant post here....

but i would really hope an answer to his post of this about genuine trader's profiles:
https://www.forexfactory.com/showthr...3#post10488493

I think mw108 answered that question very well on that thread.
I'm surprised you assisting tesmy in his "crusade" he is obviously a scammer,liar & troll to boot. A very twisted individual.

He haven't answered it.
There is no assistance, just curiosity.
Paid testimonials and reviews text/video or both, are well known and used tools to trick ranking for google, etc.

Tesmy's thread smells fishy. Especially the screenshot of "his" working desk is obviously a bad fake, which really questions the mental state of that guy.

But I agree with you on that. FTMO could at least put verified MyFxBook profiles of their traders online. This would increase their credibility.

Good morning,

sorry I did not know that there is another thread about us. I will answer questions there and re-post it here. For traders interested in our Dax Pre-market analysis, just click here: https://ftmo.com/en/dax-14-11-2017/


Otakar
FTMO.com / Funding for serious trader

Response to Tesmy,

Hello Tesmy,

I must admit that you put some serious work to discredit us, the good thing is that we have nothing to hide. I would understand your behaviour if you have failed the Challenge and lost your fee, but you have zero experience with us.

Ok, l will first comment pictures (Capture12a) you found about us. This page startupvsem.cz is a start-up center, where we won in 2016 a first prize with this project. We received new offices and mentoring.

(Capture12b) You are also saying that we tried to sell the mediocre seminar to some traders. The first thing is that the seminar was free for everyone, the second thing is that it wasn’t mediocre, it was good , the last thing is that the main organizer was BossaFX (one of our partners). They like our applications, which we provide to our traders, so they invite us to talk about them. Yes, we got paid for the talk, but from the BossaFx not from the visitors. The BossaFX is an FX company of a huge Polish bank Bank Ochrony Środowiska S.A. They would never cooperate with anyone who is not legitimate. They are very, very conservative.

You are also trying to discredit our qualification for managing the project. You can see that we are young, but that doesn’t mean we are scammers. We work our asses to provide the best possible services to our traders. I have a fresh master’s degree in economics from the best school in our country, I have also studied in a Seoul Nation University, which is among the best 50 universities in the world. The two other co-founders are finishing their master’s degrees in January. You are completely right that a part of our everyday work is to provide interesting articles about trading, but we are not selling any trading education at all.

You are still repeating that we are involved in a money laundering activity. That is completely wrong. Every account is in the ownership of our company, we do not send trading capital anywhere. The only payments, which goes outside of the company are profit splits and fees which we refund to successful candidates.
The other thing you keep saying that we are not licensed company. We do not accept money as deposits, we do not provide any investment services, we are just employing and cooperating with traders, who trade our capital. We do not need a license from a central bank for that.

Another thing you wrote is that we do not care about trader´s psychology and personality. That´s correct, we are interested just in trading results. If a trader experience losses after becoming the FTMO trader thats our business risk.

You have already found our business identification number – 03136752 (it is no secret). Our VAT (DIČ in Czech) is CZ03136752. We were incorporated at the Commercial Register kept by the Municipal Court in Prague, section C, insert 227963. If you want to read our general terms and conditions (GTC) you can find them here: https://ftmo.com/en/terms-conditions/


Screen from a tax office.

Let´s move to our backed traders. We are still waiting for a first backed trader in the FTMO, because we are very new, but first traders are in the Verification phase. Hopefully we will get soon some first-hand reviews from FF members. We have backed many traders in the Czech/Slovak project. The account management works, in most cases, through a demo account which is connected to our real capital (see the website or GTC). If a trader scalps hundreds of trades a day, we provide the trader with a real account. In some cases these traders need a license issued by a proper authority. The capital management through a demo account is from a risk perspective much safer for us. Trader´s profit will follow the results of his/her demo account. For this reason, the majority of traders trades on a demo accounts, which are connected to our master account.

This trader scalped a lot so he received live account owned by the company:
https://www.fxblue.com/users/fftrader
Here is the payment confirmation, we made to the trader. This trader works on a cooperation agreement, so he receives full 70 % his profits. This monthly return is our record.



This trader is employed by us so we already deduced the taxes from his profit share.



Are these two examples enough? I want to say that we have always met our commitments to traders. We paid in full both profit shares and fee refunds.

You are right about the pictures next to the Testimonials. Most of the pictures are from a photo database, but this is normal. I think that you would hardly look for a website with genuine pictues in the Testimonials section.

You can see that we really value our reputation, If there are still some things you need to clarify, are you willing to set up a Skype call with us?

Otakar
FTMO.com / Funding for serious trader

Ottokar said:
"Let´s move to our backed traders. We are still waiting for a first backed trader in the FTMO, because we are very new"

i was really hoping you shine some light on the testimonials....
they got missed, or omitted from the answer.
but you did answer that you have zero traders in the moment with zero funding.
yet all here seem to be so happy, hard to to envy them...even though not a single one get to be funded.
must be the most content bunch of losers i have ever seen giving positive testimonials.
https://ftmo.com/en/testimonials/

sure you may be legit, may be new, and maybe at some point be able to show that all, but yet just hard to see a great opportunity.

just a marketing tip all those testimonials,i can say this for sure and not only on this guys site,there are a loooot the same.i worked years in marketing and i know how this is working,nice pictures and loving words.but still i am not shocked as i saw this before.guys seems legit i mean legit by legal with papers registered as a company.what they can offer what you can get later ... this is another story.i am also curios for some who might get into this how they will post their impressions later.for me is sure i will not pay such fees for this scheme.the only thing i paid in Prague was the very very good beer

I think he means backed traders that are FF members. They have testimonials from backed traders.
perhaps traderOtaker can clarify

Good morning,

for traders interested in our Dax Pre-market analysis, just click here: https://ftmo.com/en/dax-15-11-2017/

Otakar
FTMO.com / Funding for serious trader

Will if they make the challenge 1 step only
and the fees 50$
hmm and the DD less than 60% lol

i will pay that fee

For Tesmy

1 - We are still waiting for a first backed trader in the FTMO
Really, then why does your web site show plenty of backed traders, together with testimonials and FAKE pictures? You have not answered this.

Because 1) as I said multiple times earlier, we run the same project under different name in the Czech Republic and Slovakia and 2) not all testimonials are from backed traders, there are some related to our Account Analysis, trading applications etc.

The fake pictures suggest you have something to hide. You are suggesting all these people are real. That is deception.

These people are real but they do not want to have their real pictures/(sometimes names) on the web. I think that it is understandable.
At the same time, pictures are important design elements. That is why we use pictures from picture database and that is why a MAJORITY of companies and projects do that.

2 - Ok, l will first comment pictures (Capture12a) you found about us. This page startupvsem.cz is a start-up center, where we won in 2016 a first prize with this project. We received new offices and mentoring.
Yes, and it shows your qualifications. You claim to be successful traders yet there is nothing on there that suggests any of you have successful careers or experience as traders.

Could you please post a link where we claim ourselves as successful traders? We traded in the past, unfortunately now we do not have time for that, we are 100% focused on FTMO. That does not mean that we don’t understand trading. We mostly write about statistics, MQL, risk management or we publish interviews. Interesting articles about trading generates traffic to our website. We do not sell any trading education, everything is free. If someone finds our articles interesting, what is wrong about that? (you don´t need to answer)

3 - You are also saying that we tried to sell the mediocre seminar to some traders. The first thing is that the seminar was free for everyone, the second thing is that it wasn’t mediocre, it was good.
Good is subjective. But it seems all you are doing is selling/promoting a FX trading house. This proves nothing. Plenty of retail FX houses have seminars which provide no real depth of information, nothing that can be gathered free on-line.
And reading the site of BossaFX, it seems they offer these types of seminars regularly which have no real content. It is meant to entice the newbie.

Good is subjective, of course. But if you receive a lot of positive feedback from attendees, you can consider it good. We were just a guest at Bossa’s seminar promoting our services and trading applications. There is nothing wrong about that.

4 - You are also trying to discredit our qualification for managing the project
No I am not. I am discrediting your claims that you are all "successful traders". You have provided zero proof that any of you have ever traded successfully.
See answer No. 2

5 - You are still repeating that we are involved in a money laundering activity.
No I am not. I have stated that you have stated that your money is from a "private investor". You have said you are not regulated or licensed. Without these basic requirements, we have zero ideas whether your funds (if any) are legitimate or not.

Yes, our money is from the private investor. As the majority of investors, our investor would like to remain in private. We cannot post contact information. Thank you for understanding.

6 - Another thing you wrote is that we do not care about trader´s psychology and personality.
Anyone who claims this is indeed deluded about trading. Trading is all about psychology and personality.

Are you trying to tell me you will learn all about a person and their trading system/style from 2 demo trading tests that last a total of 2 months? Rubbish.

If you are seriously looking for good traders, as you claim your objective is to make money, why not consider traders who are already trading real money and managing money? This will tell/show you way more than a demo test. Fact is, you are first and foremost, looking for fees. You fail on this argument alone if you were truly looking for good traders to make you money.

This is our project and we have set the rules like that. When you start your project, you are absolutely free to set your own rules. Our model works for us.
Trading is not the exact science, it is a matter of opinions, not facts. You have your opinion, we have ours. Nothing wrong about that.
We do not accept track records for one easy reason: you can hide a huge risk in that as you don’t see some metrics such as open loss and so on. There are lots of traders telling us they are trading real money, managing millions and they are successful masters of the universe. Then they take our Free Trial or Challenge and guest what? Their results are nowhere near their “statement´s results”. We want to test every trader on our monitored accounts so that we know everything about their trading performance.
Challenge is a transparent service, we do not persuade anyone to participate in our project.

6 - You have already found our business identification number – 03136752 (it is no secret). Our VAT (DIČ in Czech) is CZ03136752. We were incorporated at the Commercial Register kept by the Municipal Court in Prague, section C, insert 227963. If you want to read our general terms and conditions (GTC) you can find them here: https://ftmo.com/en/terms-conditions/

Yes, and they show nothing about your successful trading past or even how much you continue to make.
Your terms and conditions show nothing, they primarily re-iterate what are terms to be funded. The rest makes no reference to the legal/financial authority someone who pays you can go to for adjudication should matters un-scramble.

See answer No. 2

7 - This trader scalped a lot so he received live account owned by the company:
The fxBlue link you sent, that is only from July to August. What has happened since? We are supposed to believe one months statistics (see attached image). Hardly a great proof.

Can you provide more live FXblue? Or even your own history?

Seems like all your traders are trading through Mt4/5 so providing such live data should be simple yes?

These limited screen shots - prove nothing.

Despite the fact we showed you two accounts with internal information, you still need more. What is enough for you? 10? 20? 180? This discussion leads nowhere.
By the way, how our traders are doing is theirs and our problem. It has no influence on other traders and the entire evaluation process. It would not have any influence on you if you tried our services.

8 - If a trader scalps hundreds of trades a day, we provide the trader with a real account. In some cases these traders need a license issued by a proper authority. The capital management through a demo account is from a risk perspective much safer for us.
I am sorry but this is rubbish. I have never heard a reputable trading firm that forces it's clients to trade on a demo, then linking it to real account. This alone smells of an amateur set-up.

No legal "prop show", trading house etc, would ever do this. It is pointless and makes zero sense especially if (in your own words) keep control of the trading account at all times.

Thank you for your opinion, but it has been working successfully for three years. It is much more secure for us and much more trader friendly. Both traders and us are happy about this system.

As I said, you still have not proved that you are genuine and that you have the funds you claim to have to give to wannabe traders to invest..

Please try our Free Trial or Challenge. The best-case scenario would be if you manage to complete the funding process. Feel free to try our Mentor Application or Statistical Application. At the end of the trading period you will receive Account Analysis of your results.
After that you will see that we are a genuine business.
I don’t understand why you are making decisions and accusations before you even try our trial which is FREE.

If you really were looking for good traders to make you money, you simply cannot answer why you will not consider established traders who have months of verified trading history using REAL money. This is a much better test than 2 months demo.

See answer No. 6

I have seen how legal prop shows work, how banks work. I have seen how they do not let traders lose with live money just by showing two months demo trading. Are you trying to tell me you have found a better way of finding good traders?

We have found our way how to find profitable traders. It is not perfect, but good enough.
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Your next post
1) After this time, trader received a different account at a different brokerage. After 30 days, traders are eligible to get their profit share that’s why we deducted the profit.
2) To be honest I do not know why it is there 2015. It is probably time, when we set up the fxblue account. This trader received a brand-new account.
3) Answer 2)
4) Answer 1)/2). The 10k are used now in our master accounts. But if you are interested, as every business, we have also some unproductive capital.

I want you to know that I have cancelled your ignore status (yesterday). It wasn´t right from us and I am sorry for that. If you are willing to discuss us even further, please do it in the original thread.

I have some questions

CHALLENGE 10
$10,000 initial capital
Trading Period 30 days
Minimum Trading Days 10
Positive Days 50%
Maximum Daily Loss $500
Maximum Loss $1,000
Profit Target $1,000
Price: €155

 

1. Trading Period 30 days - Does it mean trader must pay 155 Euros every 30 days?
2. Positive days - What if a trader is swing trader with small losses (which don't exceed the max loss) 7-8 days but 1-2 days make more than the losses ?
3. Profit target - In how many days a trader must meet the target ?

Good morning,

for traders interested in our Dax Pre-market analysis, just click here: https://ftmo.com/en/dax-16-11-2017/

Otakar
FTMO.com / Funding for serious trader