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FTMO - For serious traders

  • #641
  • Aug 30, 2019 12:34am Aug 30, 2019 12:34am
That MT4 can be manipulated by unscrupulous brokers (via the infamous virtual dealer plug-in, for one) is an open secret, indeed.

But compared to similar prop shops like TopstepFX which uses its own MT4 platform as simulator, I think the fact that we do have a choice among various brokers when trading during the FTMO Challenge lessens the probability of a collusion happening. Moreover, it is also important for FTMO to be selective with the brokers it deals with since their goal is for the fund to be profitable overall.

And though providing trading signals for free is not something we signed up for when we joined the Challenge, it's nothing we can do anything about except to accept as part of the deal in the event we get funded.
Amor Fati--F. Nietzsche
  • #642
  • Aug 30, 2019 2:55am Aug 30, 2019 2:55am
Quoting peterbabs
{quote} During the Challenge, Yes. But while you're a funded trader, No.
Actually overnight is allowed on a funded account but not over the weekend, see the FAQ on the site:
Do I need to close my positions overnight?

  1. FAQ
  2. Rules
  3. Do I need to close my positions overnight?

No, you don’t need to. In the Challenge or Verification, you can keep your positions open overnight and over-the-weekend as well.
However, on the FTMO Funded Account, we require you to close your positions just before the weekend markets close. In other words, to be flat on Friday evening CE(S)T - Central European (Summer) Time.

  • #643
  • Aug 30, 2019 3:30am Aug 30, 2019 3:30am
Quoting doji
That MT4 can be manipulated by unscrupulous brokers (via the infamous virtual dealer plug-in, for one) is an open secret, indeed. But compared to similar prop shops like TopstepFX which uses its own MT4 platform as simulator, I think the fact that we do have a choice among various brokers when trading during the FTMO Challenge lessens the probability of a collusion happening. Moreover, it is also important for FTMO to be selective with the brokers it deals with since their goal is for the fund to be profitable overall. And though providing trading...
Dear doji,

To be honest, I do not think that even when you have your own MT4 platform, you would want to manipulate with prices in order to violate your client test accounts. In my opinion, many people trade with multiple brokers and you always have the option to check the price movement. From my position, I have a different view than most of you, but I believe when you are not doing your best, soon you will be taken out.

Having your own MT4 / MT5 server has many perks. For example, here at FTMO we are also responsible for mistakes and technical errors caused by our partners. Many times, clients blame us for the errors not caused by us but brokers.

Otakar
  • #644
  • Aug 30, 2019 3:52am Aug 30, 2019 3:52am
Hy let say we have five broker options icmarkets, admiralmarkets, purpletrading, xness as we all know for the time the best broker is all over www.icmarkets.com they have very nice spreads and their servers are fast, but at news every broker have slippage, in other hand we can use icmarkets MT4 application to login any other broker account like xness, xm, hotforex, vantagefx, pepperstone, admiral markets, we just have to select our server and type username and pass. So in this case there are very rare chances of MT4 manipulation, if you are using a third party like small brokers MT4 those are not well known brokers they might be scam and manipulate you. I hope you find the question of your answer.



best regards
  • #645
  • Sep 3, 2019 5:11am Sep 3, 2019 5:11am
Quoting maahome
{quote} Actually overnight is allowed on a funded account but not over the weekend, see the FAQ on the site: Do I need to close my positions overnight? FAQ Rules Do I need to close my positions overnight? No, you don’t need to. In the Challenge or Verification, you can keep your positions open overnight and over-the-weekend as well. However, on the FTMO Funded Account, we require you to close your positions just before the weekend markets close. In other words,...
Oh damn, I didn't even realise that. Such a huge shame.
  • #646
  • Sep 3, 2019 5:31am Sep 3, 2019 5:31am
Quoting peterbabs
{quote} Yes. I imagined so. Or who gives 70% of profit made on an account size being traded to the trader? If you know what I mean. That was why I asked. And he was honest enough to admit it. The contract with the trader is on the size of account he subscribed to trade. So, they haven't done anything illegal. Unfortunately, MT4 platform is laden with fraud. I understand that it is possible for prices to be manipulated, and worse still, for closed trades (Open and Closed prices) to be edited by an MT4 broker. You can only hope there's no collusion...

Dear world is very cruel place, if you think only negative then how can you succeed in this world so first of all think positive and give a try, dont comment everything negative..............
  • #647
  • Sep 3, 2019 4:32pm Sep 3, 2019 4:32pm
Quoting TraderOtakar
{quote} Dear doji, To be honest, I do not think that even when you have your own MT4 platform, you would want to manipulate with prices in order to violate your client test accounts. In my opinion, many people trade with multiple brokers and you always have the option to check the price movement. From my position, I have a different view than most of you, but I believe when you are not doing your best, soon you will be taken out. Having your own MT4 / MT5 server has many perks. For example, here at FTMO we are also responsible for mistakes and technical...
I would like to humbly ask you if you could add more brokers to your list, specifically IG, Degiro or Robin Hood as they have all the instruments I wish to trade?
  • #648
  • Sep 3, 2019 9:20pm Sep 3, 2019 9:20pm
overall no one want losing money so if you guys good at your own trading why even bother using someone else money and you have to pay %.
Trade your own term and if u want trade with ftmo or others u have to deal their challenge, either u like it or not.
  • #649
  • Sep 4, 2019 9:18am Sep 4, 2019 9:18am
Quoting fbex124
overall no one want losing money so if you guys good at your own trading why even bother using someone else money and you have to pay %. Trade your own term and if u want trade with ftmo or others u have to deal their challenge, either u like it or not.
Simply because 10% of 10k is not the same as 10% of 1k.
  • #650
  • Sep 5, 2019 1:45am Sep 5, 2019 1:45am
Good morning everyone,

we have prepared an article, where we are summarizing the biggest unnecessary mistakes of our traders. If you are considering joining our program, it is definitely worth reading:

Read here:
Errors to avoid & Tips to pass the Challenge

Otakar
  • #651
  • Sep 8, 2019 12:17am Sep 8, 2019 12:17am
Can't access the website. What's going on?
  • #652
  • Sep 8, 2019 1:52am Sep 8, 2019 1:52am
Quoting nafis
Can't access the website. What's going on?
Works fine for me.
cheers
maahome
  • #653
  • Sep 8, 2019 2:08am Sep 8, 2019 2:08am
I wasn't able to access it couple of hours ago. Can access it now But my account matrix is still not updating from late last Friday.
  • #654
  • Sep 8, 2019 11:52pm Sep 8, 2019 11:52pm
Good morning Traders,

we are experiencing technical difficulties. The Account MetriX of all Free Trials is not updating. We are working on it.

Thank you for your understanding.

Otakar
  • #655
  • Sep 9, 2019 12:25am Sep 9, 2019 12:25am
Quoting TraderOtakar
Good morning Traders, we are experiencing technical difficulties. The Account MetriX of all Free Trials is not updating. We are working on it. Thank you for your understanding. Otakar
Hi Otakar,

I am having problem with paid metric. It is not updating. I have tried contacting via the form on the website. I also send an email regarding this problem and have not heard back anything.

In future it would be really nice if you can send us an email if you guys are facing any technical difficulty.
  • #656
  • Sep 11, 2019 11:08am Sep 11, 2019 11:08am
Has the account matrix been fixed yet?

I am finalizing the optimization of my EA and I intend to take the FTMO challenge when complete, but I want to make sure that the account matrix is operational before doing so.
  • #657
  • Sep 11, 2019 12:21pm Sep 11, 2019 12:21pm
They are fixing the problem don't woory guy's
Attached Image
  • #658
  • Sep 12, 2019 3:01am Sep 12, 2019 3:01am
Quoting nafis
{quote} Hi Otakar, I am having problem with paid metric. It is not updating. I have tried contacting via the form on the website. I also send an email regarding this problem and have not heard back anything. In future it would be really nice if you can send us an email if you guys are facing any technical difficulty.
Dear Nafis,

sorry for the late reply. We experienced technical issues just with Free Trials. There were no issues with the Challenges. I am sure that our Support team assisted you as fast as they can. 100 % of emails are handled within a day.

To. Mr. Carter
yes, everything is working fine. We experienced technical difficulties only for a few hours.

Otakar
  • #659
  • Sep 12, 2019 5:32am Sep 12, 2019 5:32am
Quoting Mr.Carter
Has the account matrix been fixed yet? I am finalizing the optimization of my EA and I intend to take the FTMO challenge when complete, but I want to make sure that the account matrix is operational before doing so.
Yes they have fixed my account matrix issues
  • #660
  • Sep 12, 2019 7:30pm Sep 12, 2019 7:30pm
Hi, Otakar.

I don't know if anyone else is having this issue so I'm posting this here to find out.

Just a short while ago, I tried to log on to my Client Area to check my Challenge Account Matrix. Instead of being able to do it without any problems like before, I was prompted to fill out a report and send it to Wordfence as apparently my ISP (not using a VPN, btw) is included among those that might be hacking Wordpress websites.

Your advice would be appreciated.
Amor Fati--F. Nietzsche
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