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FTMO - For serious traders

  • #801
  • Nov 16, 2019 5:57pm Nov 16, 2019 5:57pm
To FTMO,

All your prices are in EUROs what is your USD equivalent for the following:

€155
€250
€345
€540

or do you have a converter on your website?
  • #802
  • Nov 17, 2019 2:49am Nov 17, 2019 2:49am
Quoting 3013
Just complete my free trial. Looking for ONE person (if any) to sponsor 100k package (cost 610 usd ) for profit sharing. Can whatapp +60127051525. {image} {image} {image}
Why you aim 100K start with 10K that is more profitable for you in long run.... If you lets assume make 10% on 1st month (wich is 700$ or E) can ma turn some money in side for 10K challange
  • #803
  • Nov 20, 2019 4:02am Nov 20, 2019 4:02am
I talked to the support team,

They are very quick to respond.

Some people have asked questions about news trading and this is what they replied:

You can hold existing trades that are placed prior to the restricted news event but you are not allowed to close them or open new positions during the restricted time period. Moreover, activated pending orders including SL at TP also serve as violations of the rule.

This is what I replied to them:

I understand why you do not want anyone taking traders during this time and I also understand why you do not allow pending orders, but what I really do not understand and goes against all logic is that Im allowed to hold an already open position but Im not allow to close it.

So if I have a position that is in profit before the news and then the news comes out Im not able to get out and I have to let it ride with a loss that come become massive because the news went against me and I cannot close the position. Sorry to say but this does not make sense.

Like I say on the email to them, I really do not undestand that logic, in that case is better to say do not have any open positions during news or five minutes after
  • #804
  • Nov 21, 2019 9:50am Nov 21, 2019 9:50am
Hai FTMO i just passed your test on free trial for the first time i take it, i thought i'll try 2 more free trial then i'll join your program

Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot_2.jpeg Size: 66 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot_3.jpeg Size: 61 KB


Login : 11166786
Investor : qB5Cbtf
Server : PurpleTrading-01Demo

I'll post another 2 trial account, if anyone want fund me to follow the real test i would love to hear your offer, maybe we can split the profit when we reach the FTMO trader, hehe
Please check my trade explorer
  • #805
  • Nov 21, 2019 10:12am Nov 21, 2019 10:12am
Quoting dionsi
Hai FTMO i just passed your test on free trial for the first time i take it, i thought i'll try 2 more free trial then i'll join your program {image} {image} Login : 11166786 Investor : qB5Cbtf Server : PurpleTrading-01Demo I'll post another 2 trial account, if anyone want fund me to follow the real test i would love to hear your offer, maybe we can split the profit when we reach the FTMO trader, hehe

PM please or forward an mail at tucshop8 (at) gmail . com............................
  • #806
  • Nov 21, 2019 11:16am Nov 21, 2019 11:16am
Hello everyone,
I am really sorry for my recent silence in this thread. I was on duty travel and also very busy recently.
Let’s start . The questions are in bold.

To cogs & NotATrader

Thank you for your reviews. Regarding the 10% profit target, yes I agree with you that reaching 10 % every month is not doable for 99% of traders, on the other hand, we require our traders to reach 10% profit in 30 days, while we allow 10% max loss in the Challenge. The ration is 1:1. We require a 5% profit in the Verification in 60 days, while we allow 10% daily loss. When a trader becomes the FTMO Trader there is no requirement for a profit.

To JsCave, cogs and NotAtrader

“i don't see useful from argument if they scam or not ... to me even if they are real ... with that rule (50% success rate) it's enough to make me stay away from them that's not realistic no one can know or guarantee his percentage rate each month ... and as cogs said ... better to invest your 200 or 300$ in own account instead of paying them as a fees for nothing”

I know that you might disagree with me, but from 350 EUR you just cannot do a 5000 EUR profit in about two months. Moreover, this fee is always reimbursed when you do well. We have several funded traders up 15 – 20%/month on 100k accounts, which I guess is something worth doing.
As I have already said in the past, if you think that our funding project doesn’t suit you, no-one is forcing you to join.

To NotATrader,

“However, it is very important to mention that our evaluation process does not fit every strategy and most of all, it is not easy to become the FTMO Trader.”

By the statement above I mean that before someone joins the evaluation process, he/she needs to study our Trading Objectives first as these might not always be suitable for every strategy. Becoming the FTMO Trader is not easy and trading, in general, is very difficult.

To Ovenzb,
“If i passed the challenge in 10day and verification in 10days do i still need to wait for 60days before i get funded.”

As soon as all Trading Objectives are met, you will be moved to the next stage. If you really trade well, you can become the FTMO Trader in 20 trading days. No need to wait the remaining days.

Hi Dioninet,

I absolutely agree with you. Making the payouts on a weekly basis is something we want to do, but as we are rapidly onboarding so many new FTMO Traders, it is administratively impossible right now to deal with accounting every week. As soon as we overcome this, I will be happy to explore this option .

NotATrader.

“I am not stuck with anything. I have enough money to trade exactly the way I want to. I just try to help these people understand that passing these rules does not necessarily mean the trader has what it takes to be classified as a good trader. These rules do just the opposite - they prevent good traders from utilizing their skills and push them to make risky decisions while the portion of luck is crucial for the final result. This is not a good practice and you will not become a good trader if you learn to trade the way these rules require you to do.”

Thank you for sharing your point of view and your style of trading, which is utilizing news to generate profits. From our experience, trading news is not beneficial in the long-term and for this reason, we are restricting this on the FTMO Account, which is clearly stated on our website.

To TheForexProf,

Thank you for your question, you should make sure that all your income from trading is properly taxed. As we are collaborating with traders from around 80 countries, we are not able to provide guidance on how to tax your profits.

To daxbuto,

Awesome! Keep it up.

To jinsen,

It used to be around 5%, it might have changed slightly in the last month or two.

“So it is fair you reset the challenge for those who meet all criteria except the profit 10%. So upping the lots or more. Trade is one of the few option to meet it. I know one can reset the challenge as long as it meet the criteria. My question is doesn't the guy who got his account reset 3 times with average 4 to 6%. Is more profitable statistically than most one time wonder 10% trader. Shouldnt you put this into one of your selection?”

It is an interesting idea; we have actually never thought of that. However, most of the time those free repeats end up with a balance around zero.

Hi Battousaib,

Actually, you can see the prices in USD, when you get to the payment page. Also, this is available on the T&C site.

-USD 175 or EUR 155 for the variant with initial capital of EUR 10 000 or USD 10 000,
- USD 280 or EUR 250 for the Aggressive variant with initial capital of EUR 10 000 or USD 10 000 and for the variant with initial capital of EUR 20 000 or USD 25 000,
- USD 390 or EUR 345 for the Aggressive variant with initial capital of EUR 20 000 or USD 25 000 and for the variant with initial capital of EUR 40 000 or USD 50 000,
- USD 610 or EUR 540 for the Aggressive variant with initial capital of EUR 40 000 or USD 50 000 and for the variant with initial capital of EUR 80 000 or USD 100 000.

Dear Frag8383,

I understand you. We will be soon loosening this requirement. However, the logic behind it is to fight the slippage, latency and execution during news releases. By having this rule in place, we achieve that our FTMO Traders are flat on the targeted instruments during news releases or having proper control of the positions without opening new or closing any existing trades on the targeted instruments.

Have a nice evening everyone.
Otakar
  • #807
  • Nov 21, 2019 2:15pm Nov 21, 2019 2:15pm
Hi Otakar,

Yes I can see that FTMO has some activity around Germany and Singapore. It is a good sign that you guys are still actively expanding.

I am happy to hear that FTMO will be loosening the requirement on news trading. I understand that you guys want to prevent slippage and/or unfair advantage from demo account which tends to get better price compared to real account.

However the current rule of trade blackout is 5 min before and after news is quite long. In my experience usually the high volatility movement during news which might result in high slippage rate last for around 15s- 20s after the release, to some extend maybe 1 min for some really high impact news such as unexpected change in CB stance.

May I suggest that you guys can probably shorten the blackout period a bit, especially on the 5 min before news?

That being said, in my own opinion actually FTMO is not very restrictive and only targets a handful of high impact news such as rate change, NFP etc. I just hope that traders can have a chance to close positions during these events.
  • #808
  • Edited 4:59am Nov 22, 2019 3:23am | Edited 4:59am
Hi all,

Regarding the restrictions on trading news events, please bear in mind that it really depends on the market(s) that you trade.

I am a funded trader with FTMO and I only trade the German Dax. The only news event the rules say that I have to avoid when trading the German Dax is the German Zew Economic Sentiment, which is once a month. So I have to be aware of this and not trade for 10 minutes every month...

I am free to trade the Dax through all other high-impact news events if I choose - I never do because I am essentially a scalper so would never be in a trade as a high impact news event was released, such as Non-Farm Payrolls etc. In this manner, I entirely agree with FTMO and it wouldn't bother me if they restricted me on all high impact news that affect the EUR or USD (since Dax often follows the Dow Jones). But I understand that it depends on what type of trader you are, I suppose my style fits FTMO.

Happy trading all.
Jon
  • #809
  • Nov 23, 2019 6:21am Nov 23, 2019 6:21am
Quoting waqas3666
{quote} PM please or forward an mail at tucshop8 (at) gmail . com............................
Hi waqaz , thanks for your reply i've sent message to your whatsapp, please check it out
Please check my trade explorer
  • #810
  • Nov 24, 2019 9:28am Nov 24, 2019 9:28am
Hi dionsi,
I saw your trading result. very good trading, i am very pleased to see that. how can i contact you. Please give me your contact detail.
  • #811
  • Nov 24, 2019 1:36pm Nov 24, 2019 1:36pm
Quoting 4xxxx4
Hi dionsi, I saw your trading result. very good trading, i am very pleased to see that. how can i contact you. Please give me your contact detail.
Hi 4, thank you for your reply, could you send me your WhatsApp number through my email dionsi0511@gmail dot com , so i can contact you as soon as you reply this comment
Please check my trade explorer
  • #812
  • Nov 25, 2019 8:16am Nov 25, 2019 8:16am
Hi dionsi,
I just sent you email and my whatsapp number.
  • #813
  • Nov 25, 2019 10:14am Nov 25, 2019 10:14am
Quoting 4xxxx4
Hi dionsi, I just sent you email and my whatsapp number.
Got that, thank you 4
Please check my trade explorer
  • #814
  • Nov 27, 2019 12:00pm Nov 27, 2019 12:00pm
Hi Dionsi,

So did FTMO give you the real funded account since you passed it?

Regards,

Leo
  • #815
  • Nov 27, 2019 10:18pm Nov 27, 2019 10:18pm
Quoting lixiaomai007
Hi Dionsi, So did FTMO give you the real funded account since you passed it? Regards, Leo
Hi leo

Still working on it, post soon when i get the fund

Thanks
Please check my trade explorer
  • #816
  • Nov 27, 2019 10:24pm Nov 27, 2019 10:24pm
Quoting lixiaomai007
Hi Dionsi, So did FTMO give you the real funded account since you passed it? Regards, Leo
You don't get funded off a free trial - you have to start a paid challenge and pass it and then the verification test also before you can be funded.
cheers
maahome
  • #817
  • Nov 28, 2019 2:42am Nov 28, 2019 2:42am
Quoting maahome
{quote} You don't get funded off a free trial - you have to start a paid challenge and pass it and then the verification test also before you can be funded. cheers maahome

He is not trading Trial for Get funded i do sponsored some peoples to show their talents and consistency in trading so i will buy for them a trading account / funded account..............
  • #818
  • Nov 28, 2019 4:59am Nov 28, 2019 4:59am
Quoting jinsen
To FTMO, What's the monthly average % profit for your qualified trader? I suppose it has to be at least 10% monthly. Most experienced trader who trade long enough Know that how do you know that this month is Going to be a plus month and it has to be 10%. Consecutive the verification has to be on the plus Side too. So it is fair you reset the challenge for those who meet all criteria except the profit 10%. So upping the lots or more Trade is one of the few option to meet it. I know one can reset the challenge as long as it meet the criteria. My question...
Good opinion, i hope ftmo consider this

Thank you
Please check my trade explorer
  • #819
  • Nov 28, 2019 7:08am Nov 28, 2019 7:08am
Quoting jinsen
To FTMO, What's the monthly average % profit for your qualified trader? I suppose it has to be at least 10% monthly. Most experienced trader who trade long enough Know that how do you know that this month is Going to be a plus month and it has to be 10%. Consecutive the verification has to be on the plus Side too. So it is fair you reset the challenge for those who meet all criteria except the profit 10%. So upping the lots or more Trade is one of the few option to meet it. I know one can reset the challenge as long as it meet the criteria. My question...


If you do not violate the rules and their loss limit they will give you another month for try ..............
  • #820
  • Nov 29, 2019 1:01pm Nov 29, 2019 1:01pm
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