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FTMO - For serious traders

  • #881
  • Dec 23, 2019 10:03am Dec 23, 2019 10:03am
Quoting TraderOtakar
{quote} Dear Mr. Carter, thank you for your questions. I am happy that our staff has already solved your issues. Good luck with the Challenge! {quote} Hi Vivi-I, Thank you for your questions. We have several FTMO Traders from India and I think they did not inform their bank when they were receiving profits. We are able to send you profit share directly in Indian rupees so there are no issues with bank transfers. Regarding your other questions, please try to do your own research and if necessary, contact a specialist in your country. We cannot assist...
Hi TraderOtakar,
Professional solution sounds exciting. Could you please explain something more about that? Introducing it soon can be everything from 7 days to 7 months. I guess many traders are as excited as I am to read what is this about.

Merry Christmas to all and happy trading.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #882
  • Dec 25, 2019 2:15am Dec 25, 2019 2:15am
Lets play...
Attached Image
  • #883
  • Dec 25, 2019 2:22am Dec 25, 2019 2:22am
Hi Beli!

Congratulation, Great performance. Is this your free trial or challenge?
  • #884
  • Edited 2:56am Dec 25, 2019 2:45am | Edited 2:56am
Its a free trial
  • #885
  • Dec 25, 2019 5:43am Dec 25, 2019 5:43am
Merry Christmas and happy new year to everyone .
#lfea (learn first earn after ...)
  • #886
  • Dec 25, 2019 9:24am Dec 25, 2019 9:24am
Quoting Beli
Lets play... {image}
Congrats Bro these is not a game i have some insight's for you inbox me
  • #887
  • Dec 27, 2019 12:18am Dec 27, 2019 12:18am
These companies have been gaining traction in the smaller retail crowd lately. If you look at their legal terms on their websites you'll see worlds like "service" and "customer". These aren't bonafied prop shops but rather companies that are structured more like gaming/betting websites. You aren't actually trading real money and are technically a customer of said company.

If you really feel the need for the conditions and believe you can add value to a firm, invest ten grand into a pay-in prop firm and get your series 7 (no series needed for spot fx n futures) and or the 56. If you're profitable regardless of size (most I'm assuming here are small) make sure it's two to three years. Be ready for an interview to make sure you are a fit. Helps to know some code and on the younger side. If you show promise there are firms that don't require buy-ins.

Just my opinion, I'd avoid these companies. In the end and with most of the experience is see here, you're giving them sign up money or locking it up for a while if they ask it of you.
  • #888
  • Dec 27, 2019 7:35am Dec 27, 2019 7:35am
Quoting JTevens
These companies have been gaining traction in the smaller retail crowd lately. If you look at their legal terms on their websites you'll see worlds like "service" and "customer". These aren't bonafied prop shops but rather companies that are structured more like gaming/betting websites. You aren't actually trading real money and are technically a customer of said company. If you really feel the need for the conditions and believe you can add value to a firm, invest ten grand into a pay-in prop firm and get your series 7 (no series needed for spot...
I can understand these sorts of online "prop" trading organisations appeal to traders who probably are not actually profitable (consistently). Perhaps they believe certain restrictions will help them stay disciplined or whatever, and that is all they need. But the hardest part to trading is actually knowing how to trade and what to look for. I note they do offer some learning material, but I imagine it is just generic information.
Ironically, most who do know how to trade don't need "funding".
But, I am curious about the business model. I would love to know the stats, how many people pay for a challenge a month? What % pass verification?
  • #889
  • Dec 27, 2019 9:41am Dec 27, 2019 9:41am
These is perfect bussines model why, have 2 key elements wich never take company down:
1. If you lose challange they win payment;
2. If you are profitable they get %;
Exellent model of the future
  • #890
  • Dec 27, 2019 12:21pm Dec 27, 2019 12:21pm
Quoting BubaYaga
{quote} I can understand these sorts of online "prop" trading organisations appeal to traders who probably are not actually profitable (consistently). Perhaps they believe certain restrictions will help them stay disciplined or whatever, and that is all they need. But the hardest part to trading is actually knowing how to trade and what to look for. I note they do offer some learning material, but I imagine it is just generic information. Ironically, most who do know how to trade don't need "funding". But, I am curious about the business model....
Interest in those stats as well.... Avg % profit off profitable traders... How long are they staying with ftmo, once funded etc.... The business model looks indeed great but I do think there are a few good funded traders who didn't had the right capital to start.... So for some people it could be a good way to start.... On the other hand I guess the majority won't get funded..... For that I would always start with small a challenge and use the profits when passed to get to the 300k, if you can trade that for 1 year with a avg profit off 3 to 8%...you can build a decent size account for yourself... In the end its how you use your mindset..... But we all know that there lying the problems with many aspiring traders.... And that's where they make the most money.... Because everyone is to focused to make the 10% as fast as possible and take too much risk... But hey... That's just what I think...
  • #891
  • Dec 27, 2019 4:21pm Dec 27, 2019 4:21pm
After coming here due to my squawk services being closed for the holidays I was taken back at the sheer amount of people and the interests in spot. Think people here really bent on these types of companies should take the perspective of getting in, taking their money - hopefully- then funding themselves; majority seem to have access to higher leverage conditions already. Starting small beginning the learning curve is the more realistic approach for people here. If you need some other entity enforcing strict guidelines to follow, you aren't going get far left to your own devices regardless.
  • #892
  • Dec 27, 2019 8:10pm Dec 27, 2019 8:10pm
Quoting mizi123
These is perfect bussines model why, have 2 key elements wich never take company down: 1. If you lose challange they win payment; 2. If you are profitable they get %; Exellent model of the future
3. What happen if trader pass STEP 1, STEP 2 and loss $10k of the $100k account at STEP 3?
Millions USD funded account. Discount 10% of the Evaluation fee
  • #893
  • Dec 28, 2019 3:28am Dec 28, 2019 3:28am
Quoting FF.Trader
{quote} 3. What happen if trader pass STEP 1, STEP 2 and loss $10k of the $100k account at STEP 3?
They are not mad have limitations don't care daily lose is 5% total 10% (you need to be in risk control all the time) i think they have make the calculation and know how much can give a room to go down!
  • #894
  • Dec 28, 2019 5:53am Dec 28, 2019 5:53am
Quoting mizi123
{quote} They are not mad have limitations don't care daily lose is 5% total 10% (you need to be in risk control all the time) i think they have make the calculation and know how much can give a room to go down!
Judgment What You See, Not What You Think!
Millions USD funded account. Discount 10% of the Evaluation fee
  • #895
  • Dec 28, 2019 7:30am Dec 28, 2019 7:30am
wish me luck! Applied for the Challenge 40 yesterday. i'll share my journey and progression right here.
Attached Image (click to enlarge)
Click to Enlarge Name: ftmo.png Size: 89 KB
  • #896
  • Dec 29, 2019 5:36am Dec 29, 2019 5:36am
Quoting TheForexProf
wish me luck! Applied for the Challenge 40 yesterday. i'll share my journey and progression right here. {image}
Didn't you apply for the challenge on 18.12.2019? Because your end date is 26.01.2020.
Wish you luck!
  • #897
  • Dec 29, 2019 8:18am Dec 29, 2019 8:18am
Friday of the 28th December 2019, Yesterday was a tough day. Price moved in one direction nearly the whole day. We couldn't catch the trend as no setup was forming according to our strategy. So, we waited waited and waited nearly whole day and fortunately for being patient we got a nice and strong setup nearly at the end of the day. We were thinking our patience was finally going to pay off and we bought EURUSD at 1.11758, Set our SL at 1.11711 and TP at 1.11853. Finally we had to wait nearly 2 hours to get our TP and we made a profit of more than 670$ at the very last day of the week. This is it is said, patient you always pay you good specially in Forex market.
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  • #898
  • Dec 29, 2019 9:31am Dec 29, 2019 9:31am
Quoting iliavelkov
{quote} Didn't you apply for the challenge on 18.12.2019? Because your end date is 26.01.2020. Wish you luck!
I applied for the challenge on the 27th. I only get 30 days, the extra 10 days have expired. I also missed out on the 10% off promotion too unfortunately. Thankyou!
  • #899
  • Dec 29, 2019 4:28pm Dec 29, 2019 4:28pm
Quoting TheForexProf
{quote} I applied for the challenge on the 27th. I only get 30 days, the extra 10 days have expired. I also missed out on the 10% off promotion too unfortunately. Thankyou!

The 10% off still available on their website. How come you miss the promotion?
Could you please elaborate?
  • #900
  • Dec 30, 2019 7:56am Dec 30, 2019 7:56am
Hi guys
I am very new in forex factory. I read the forum as external but after seeing FTMO here I decided to subscribe to write about these D**ks.
I didnt try their challenge but I was an affiliate of them from the beginning of 2018.

With few words, they keep big part.of the money and tell you that the clients were their clients. Theu have a 8% commission on first time sale and 4% on upsell. They just consider 90% of sales as upsell.

There are missing clients, 4% commission on clients you have never seen. I didn't recognise it till the last august when I kept track of every lead. When I did so I realized that they pay the 40% of ehat they actually had to.

When you talk with Pavel he says that those clients were there before I started. So how the hell he was assifned to me?

They have lifetime cookies but don't be fool to apply. They jsut dont pay. They approove the leads and sales manually. They dont show why they declined your sales. You have just to believe.

If you ask them about your missing commission they just takes tou out.

About their program. They are not prop firms. It is just betting. You buy a ticket of 155, or 250 or 540 euro to partecipate in this hard to win game. The few winners are being paid from what they accumulate from their sales. There is not any funded account or farytails like this.

Also you have to consider that you get account nr and pass from their site. If you are winning a challenge they can easily get those credentials and open positions on uour acvount so keep an eye on the IP that access your account.

But, I would never recomend a company that cheats on the people that brought it where it is right now
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