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FTMO - For serious traders

  • #661
  • Sep 13, 2019 1:55am Sep 13, 2019 1:55am
Quoting doji
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.
Hi doji,

I am sorry for your inconvenience. Our security checks found your IP address as dangerous. If the issue persists please contact us at [email protected]. Meanwhile, our IT will look at it. You should be able to login normally as we do not have reports from other traders.

Otakar
  • #662
  • Sep 13, 2019 6:49pm Sep 13, 2019 6:49pm
E-mailed Support last night and today, I can now log on to my Client Area again.

My trading performance, though, is a whole different story.
Amor Fati--F. Nietzsche
  • #663
  • Edited Sep 15, 2019 8:34am Sep 14, 2019 12:18pm | Edited Sep 15, 2019 8:34am
Having a weird experience right now with FTMO but I do believe they will get it fixed. Yesterday (Friday, September 13th), I received my verification account details after passing the Challenge phase (100k account challenge), after trading the full day. I ended down 2k at 98k. When checking my account metrix later that day, I saw it showing max loss -102k (failing the challenge). It showed my equity at 198k and that I passed the profit target with 98k profit. This all seems wrong as for some reason these stats would only come if the 100k starting balance was taken out and put back into the account registering as loss and profit. I am waiting for Monday to see FTMO's reply to this situation and hope they see that this was some glitch that made this happen as clearly if my account were to ever drop like that it would been liquidated by the margin stop out itself.
Today, when I am logging in to FTMO, I am unable to see any of my previous challenge details or any account metrix. I think this may be a good sign in the case they realize there is a glitch in the system so hopefully it gets fixed. I wanted to ask if there are any other traders who have had similar issues with their accounts on FTMO.

EDIT: I just posted a screenshot of what the account metrix looks like as it appeared again.https://www.forexfactory.com/blob:ht...6-3bc7613ed2d3
Attached Image (click to enlarge)
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  • #664
  • Sep 15, 2019 3:27pm Sep 15, 2019 3:27pm
Quoting Gill23
Having a weird experience right now with FTMO but I do believe they will get it fixed. Yesterday (Friday, September 13th), I received my verification account details after passing the Challenge phase (100k account challenge), after trading the full day. I ended down 2k at 98k. When checking my account metrix later that day, I saw it showing max loss -102k (failing the challenge). It showed my equity at 198k and that I passed the profit target with 98k profit. This all seems wrong as for some reason these stats would only come if the 100k starting...
Dear Gill23,

the error with your account has been fixed. I am sorry for any inconvenience.

Good luck with the Verification.

Otakar
  • #665
  • Sep 19, 2019 9:50am Sep 19, 2019 9:50am
Hi,

I would like to ask a few questions.

For the challenge, for example. I choose to do a 100,000 USD challenge.

My target is
-$10,000 profit
- 10 trading days
- 50% positive days

If I fulfill my obligations in 6 trading days with profit of $11,000 and I don't want to risk my the remaining 4 days might be subjected to losses.

May I trade the remaining 4 days with smaller size. Just open and close trade, just to lose that spread amount. So that I can hit all requirement of hitting $10,000 minimally, 10 trading days, 50% positive days.

And for the scaling plan, if I get funded $100,000 and achieve 10% every quarter. My initial capital will increased to 25% right?
within 16 months period, my initial $100,000 will increased to $200,000. Is there a cap to how much it can increase to?

If I am good enough, within 10-11 years, I should be managing half a million. Sounds crazy!
  • #666
  • Sep 19, 2019 10:24am Sep 19, 2019 10:24am
Also, after getting funded.. is there a monthly target?

For example, 100,000 USD account size. Do i need to adhere to 10% profit?
Or if i manage to just hit $1000 or $5000 I will also entitle the 70-30 profit split?
  • #667
  • Sep 19, 2019 11:52am Sep 19, 2019 11:52am
Quoting NTC
Also, after getting funded.. is there a monthly target? For example, 100,000 USD account size. Do i need to adhere to 10% profit? Or if i manage to just hit $1000 or $5000 I will also entitle the 70-30 profit split?
You dont have an monthly target. You get your 70% for any profit you make, even for 500 profit.
  • #668
  • Sep 19, 2019 12:09pm Sep 19, 2019 12:09pm
I have been doing some research and found that if I trade for a company that is funding me (like in this case FTMO) the way that will be taxed is as it follows (Spain) :

up to 12.450 € 19%

12.450 € to 20.200 € 24%

20.200 € to 35.200 € 30 %

35.200 € to 60.000 € 37 %

60.000 € onwards 45 %


What is the taxation in Czech Republic? Is there any better one?
  • #669
  • Sep 20, 2019 12:40am Sep 20, 2019 12:40am
Hello guys.

I took the 50K USD challenge 3 months ago. I passed both the challenge and verification phase. I got the funded account on 20th August and I have been trading for 30 days.

last night I asked them to withdraw my profit. The process could not be easier. All i need is to send them invoice and my bank account details. Hours later they emailed me, saying they have transferred my profit to my bank account AND refunded my challenge fee. I got 4000AUD from trading this month.

FTMO is legit. If you need more prove and more details, check out my website and my youtube video.

https://www.fxtitans.com/blog/ftmo-review

Rico Ferdinand Yapotra
"Risk comes from not knowing what you're doing"
  • #670
  • Sep 21, 2019 12:22am Sep 21, 2019 12:22am
can u provide trader which has success challenge and verification and i want to know who is already started this challenge?
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  • #671
  • Sep 21, 2019 4:43pm Sep 21, 2019 4:43pm
are there minimum days to reach the target?
  • #672
  • Sep 22, 2019 4:02am Sep 22, 2019 4:02am
On a 50K account you need to hit 10% a month or you have to start from scratch .WOW! that is $5,000
You might get very lucky one month but I doubt it very much.

If you want to go more aggressive with them on the 50K account its $10,000 in a month or stratch from scratch after every month. WOW! WOW! WOW! insane!.

anyone with any clue about trading and money management will know in the real world that this is near on impossible!

There are many better options out there that offer lower targets and able to carry the profits into the next month!
Please don't waste your money with this firm.

excuse the previous type error. haha!
  • #673
  • Sep 22, 2019 4:04am Sep 22, 2019 4:04am
Quoting dn1977
On a 50K account you need to hit 10% a month or you have to start from scratch .WOW! that is $10,000. You might get very lucky one month but I doubt it very much. If you want to go more aggressive with them on the 50K account its $20,000 in a month or stratch from scratch after every month. WOW! WOW! WOW! insane!. anyone with any clue about trading and money management will know in the real world that this is near on impossible! There are many better options out there that offer lower targets and able to run carry the profits into the next month!...
50k /10%=10k? Seriously..... I think I have to go back to school
  • #674
  • Sep 22, 2019 4:08am Sep 22, 2019 4:08am
Quoting Patje
{quote} 50k /10%=10k? Seriously..... I think I have to go back to school
Whoops! typer error.
  • #675
  • Sep 22, 2019 8:40am Sep 22, 2019 8:40am
I have a question FTMO allow trading during major News and Over weekend, if i am a swing trader how can i trade if rules not allow me to do so?

Over weekend Yes or No
during major news Yes or No
  • #676
  • Sep 22, 2019 9:51am Sep 22, 2019 9:51am
Quoting waqas3666
I have a question FTMO allow trading during major News and Over weekend, if i am a swing trader how can i trade if rules not allow me to do so? Over weekend Yes or No during major news Yes or No
here:
https://ftmo.com/en/faq/do-i-need-to...ons-overnight/
https://ftmo.com/en/faq/can-i-trade-news/

frankly, if someone so lazy/clueless to do the basic legwork, I highly doubt you are even remotely serious about trading.
there is always, always another trade!!
  • #677
  • Sep 22, 2019 12:45pm Sep 22, 2019 12:45pm
Quoting profitfarmer
{quote} here: https://ftmo.com/en/faq/do-i-need-to...ons-overnight/ https://ftmo.com/en/faq/can-i-trade-news/ frankly, if someone so lazy/clueless to do the basic legwork, I highly doubt you are even remotely serious about trading.

Dear i respect your concern but its non of your business, so chill........
  • #678
  • Sep 22, 2019 1:16pm Sep 22, 2019 1:16pm
Quoting waqas3666
{quote} Dear i respect your concern but its non of your business, so chill........
dear, i am as chilled as it gets.
little tired of laziness, that is all.
you got your answers, they were in fact all on the site you oh-so-much interested in, just cant read it.
tells all there is about your business.
there is always, always another trade!!
  • #679
  • Sep 22, 2019 1:56pm Sep 22, 2019 1:56pm
I understand when a funding company charges monthly fees for software... why do you ask for a fee to do challenging demo accounts? Why would a trader pay you for a demo account i don't get it?
  • #680
  • Sep 23, 2019 6:43am Sep 23, 2019 6:43am
Quoting Techanalyst
I understand when a funding company charges monthly fees for software... why do you ask for a fee to do challenging demo accounts? Why would a trader pay you for a demo account i don't get it?
If you pay a fee, you are more careful on your trading, because you want to follow the rules, stick to it and you dont want to loose the account. You dont want to loose the posibility to go to step 2. Also, if you dont pass the first step in 30 days, and you dont go over losse limit for daily and overall, and after 30 days you are in profits, is no problem. They give you second chance. You need to respect all rules. Just stick to the rules. You need to make on first demo account 10% profit, you make 3% profit in a month (you didnt hitted the profit target) but if you sticked to the rules, they are opened to you and they give you second chance, without paying another fee.

When you dont pay a fee, you just play a demo account and it doent matter to you if you are going wrong, because its just a demo, and then you ask for another demo account and so on until you complete all the tasks. But that is gambling.
When you put your money inside, you are more carefully, you are more disciplinated. You dont gamble, because you dont want to loose your fee.
I was in same situation. I joined an 50k Challenge, i passed first step, then also second step, and now i am on funding account. This week, on 27 Sept, i will have Profit Split and also initial fee back.
If they were looking only for your fee, they wont pay you back the fee.
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