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FTMO - For serious traders

  • #901
  • Dec 31, 2019 12:03am Dec 31, 2019 12:03am
Hi Retentionist,

I am experienced trader but new to this forum at forexfactory. I heard a lot about prop trading firms. I am very strange what you have explained here in your post.
Are you sure that is true what have you mentioned here.

Hi Traders!
Can any of you clarify this as i know many of new traders are looking for these kind of funded account. Please guide us with your experience so that innocent
traders keep their self away from the devils.

Wishing you all the best
  • #902
  • Dec 31, 2019 1:11am Dec 31, 2019 1:11am
Quoting Harvestforex
Hi Retentionist, I am experienced trader but new to this forum at forexfactory. I heard a lot about prop trading firms. I am very strange what you have explained here in your post. Are you sure that is true what have you mentioned here. Hi Traders! Can any of you clarify this as i know many of new traders are looking for these kind of funded account. Please guide us with your experience so that innocent traders keep their self away from the devils. Wishing you all the best
Sounds like Retentioniat was working with FTMO In a commission based online sales/advertising capacity, and feels he/she was not paid fairly.
Directing traffic to FTMO website through specific link type scenario? I don't know but life time cookies sounds interesting?
  • #903
  • Dec 31, 2019 2:07am Dec 31, 2019 2:07am
Quoting Harvestforex
Hi Traders! Can any of you clarify this as i know many of new traders are looking for these kind of funded account. Please guide us with your experience so that innocent traders keep their self away from the devils. Wishing you all the best
After spent 15 years and millions of dollars, now I had run out of money. I have no choice but to trade for a prop trading firm. And… I failed the FTMO challenge.

Make 10% profit in 22 trading days is mission impossible for serious traders!
Millions USD funded account. Discount 10% of the Evaluation fee
  • #904
  • Dec 31, 2019 2:15am Dec 31, 2019 2:15am
Quoting FF.Trader
{quote} After spent 15 years and millions of dollars, now I had run out of money. I have no choice but to trade for a prop trading firm. And… I failed the FTMO challenge. Make 10% profit in 22 trading days is mission impossible for serious traders!
well, not impossible, but difficult and very risky!
it would be great if there isn't time limit, like many other prop firms with similar business model: you pay a monthly fee until you reach the goal, then you trade and gain.
  • #905
  • Dec 31, 2019 2:21am Dec 31, 2019 2:21am
Quoting dnabrasil
{quote} well, not impossible, but difficult and very risky! it would be great if there isn't time limit, like many other prop firms with similar business model: you pay a monthly fee until you reach the goal, then you trade and gain.
Make 10% profit is not difficult BUT... in 22 trading days is mission impossible for serious traders!
Millions USD funded account. Discount 10% of the Evaluation fee
  • #906
  • Dec 31, 2019 2:39am Dec 31, 2019 2:39am
Quoting FF.Trader
{quote} After spent 15 years and millions of dollars, now I had run out of money. I have no choice but to trade for a prop trading firm. And… I failed the FTMO challenge. Make 10% profit in 22 trading days is mission impossible for serious traders!
Don't take this the wrong way mate but blowing millions of dollars and and claiming that to pass FTMO challenge is mission impossible for serious traders... and you haven't passed it....would you describe yourself as a serious trader having blown millions of dollars?
Perhaps it's be possible that a less experienced trader could pass the test and not lose millions of dollars....
  • #907
  • Dec 31, 2019 2:53am Dec 31, 2019 2:53am
Quoting FF.Trader
{quote}

After spent 15 years and millions of dollars, now I had run out of money. I have no choice but to trade for a prop trading firm. And… I failed the FTMO challenge. Make 10% profit in 22 trading days is mission impossible for serious traders!
Hi, I agree with dnabrasil and moodybot.
To make 10% in 22 days is possible as it is a simple calculation. Any one can having knowledge of middle level with mind set and discipline.
  • #908
  • Dec 31, 2019 3:09am Dec 31, 2019 3:09am
Hi FF. Trader!

After spent 15 years and millions of dollars, now I had run out of money. I have no choice but to trade for a prop trading firm. And… I failed the FTMO challenge.

Having spent 15 years and blown millions of dollars and eventually failed the FTMO challenge. It seems to be a lack of seriousness.Only serious traders can make
it possible.
  • #909
  • Dec 31, 2019 3:34am Dec 31, 2019 3:34am
Hi to all of you

Yesterday I was writing from my phone and I was so pissed when I saw FTMO here. My angry is due to the commissions that have not been paid from them.

I don't have experience with prop firms. From what I know, proprietary trading searches for Good traders to trade their capital. In FTMO you don't have any capital to trade with. As the FTMO guy explained here, you trade on demo accounts, and if you pass the challenge you get the 70% of the profit.

Due to the low risk you will have to keep during your challenge, in order to don't exceed the dropdown, you will get low earnings. Now consider this calc example:

We all know that 95% of traders fail and loos the capital. It means that the percentage of traders that exceed the 10% dropdown is even higher. We can say even something like 99% of traders exceeds the 10% dropdown.

Knowing this fact we can make a simple calculation:
Every 100 traders that try the challenge of 100k by paying 540 € each, will create a budget of 54000 euro.

If only 1% of the traders succeed the challenge by gaining, let say 10% (10% is far too much with those rules), there will be a cost of 100kx10%x70%=7000 euro.

The net earning will be 54000-7000=47000€ for every 100 traders.

Also, when you find out a trader that is being successful with these rules then you just found out a market magician. In that case, I would be more than happy to fund an account and make him trade my money. Remember also that he will pay me to trade my money. But you all can imagine that A trader that can trade in that way doesn't need my money or the money of anyone to create an imperatory. He can start even with 1000 euro and make them 1 million.

As you see, here you are not trading. You are just participating in a kind of Lottery.

Also, as I said in the other post on page 45, if they cheat on their affiliates, do you really believe they won't cheat on their "traders" (better to call them gamers)??????
  • #910
  • Edited 6:03am Dec 31, 2019 4:57am | Edited 6:03am
Quoting FF.Trader
{quote} Make 10% profit is not difficult BUT... in 22 trading days is mission impossible for serious traders!
Hi mate. I am sorry for your loss. But i have to say that being able to invest millions of dollars in forex trading during 15 years, would result for many serious traders in at least 10 x the starting capital.
Said that, some serious traders can make up to 10% on a single day, not a month. But the circumstances under which you need to make 10% are crucial. The rules in FTMO make this target difficult to reach for many serious traders because serious traders do not take chances and they do not rely on luck. These rule open better possibilities to unserious traders, as they take risky and badly calculated chances where with a little bit more luck they will qualify.

Honestly you cannot require 10% a month not knowing how the market will behave. What if that is a choppy month with sporadic movements and low volatility for the 80% of the month?

IMO nothing makes sense in these rules.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #911
  • Dec 31, 2019 8:13am Dec 31, 2019 8:13am
Quoting moodybot
{quote} Don't take this the wrong way mate but blowing millions of dollars and and claiming that to pass FTMO challenge is mission impossible for serious traders... and you haven't passed it....would you describe yourself as a serious trader having blown millions of dollars? Perhaps it's be possible that a less experienced trader could pass the test and not lose millions of dollars....
Quoting 4xxxx4
Hi FF. Trader! After spent 15 years and millions of dollars, now I had run out of money. I have no choice but to trade for a prop trading firm. And… I failed the FTMO challenge. Having spent 15 years and blown millions of dollars and eventually failed the FTMO challenge. It seems to be a lack of seriousness.Only serious traders can make it possible.
Quoting NotAtrader
{quote} Hi mate. I am sorry for your loss. But i have to say that being able to invest millions of dollars in forex trading during 15 years, would result for many serious traders in at least 10 x the starting capital. Said that, some serious traders can make up to 10% on a single day, not a month. But the circumstances under which you need to make 10% are crucial. The rules in FTMO make this target difficult to reach for many serious traders because serious traders do not take chances and they do not rely on luck. These rule open better possibilities...
It's correct. You're right. I realized that I was not a serious trader before failing in the FTMO challenge
Millions USD funded account. Discount 10% of the Evaluation fee
  • #912
  • Dec 31, 2019 8:15am Dec 31, 2019 8:15am
Quoting Harvestforex
{quote} Hi, I agree with dnabrasil and moodybot. To make 10% in 22 days is possible as it is a simple calculation. Any one can having knowledge of middle level with mind set and discipline.
Congrat! Go ahead!...
Millions USD funded account. Discount 10% of the Evaluation fee
  • #913
  • Dec 31, 2019 8:23am Dec 31, 2019 8:23am
Quoting Retentionist
We all know that 95% of traders fail and loos the capital. It means that the percentage of traders that exceed the 10% dropdown is even higher. We can say even something like 99% of traders exceeds the 10% dropdown. Knowing this fact we can make a simple calculation: Every 100 traders that try the challenge of 100k by paying 540 € each, will create a budget of 54000 euro. If only 1% of the traders succeed the challenge by gaining, let say 10% (10% is far too much with those rules), there will be a cost of 100kx10%x70%=7000 euro. The net earning will be 54000-7000=47000€ for every 100 traders.
...
It's correct. We need to calculate with 99% rather than 90% for STEP 1 and STEP 2 also
Millions USD funded account. Discount 10% of the Evaluation fee
  • #914
  • Dec 31, 2019 9:02am Dec 31, 2019 9:02am
Let all your dreams come true this year!

I wish you all a very Happy New Year!
Millions USD funded account. Discount 10% of the Evaluation fee
  • #915
  • Jan 1, 2020 6:01am Jan 1, 2020 6:01am
Hi Traders!

Happy New Year To You All.

Here is my question seeking answer from you. If i take challenge today, can i start trading in next month of February 2020? then what will the end date? Is it possible?

Please clarify.
  • #916
  • Jan 1, 2020 12:28pm Jan 1, 2020 12:28pm
Quoting Harvestforex
Hi Traders! Happy New Year To You All. Here is my question seeking answer from you. If i take challenge today, can i start trading in next month of February 2020? then what will the end date? Is it possible? Please clarify.
You may start no longer than 14 days from day of paying for challenge.
  • #917
  • Jan 2, 2020 10:18am Jan 2, 2020 10:18am
Quoting Retentionist
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...
Dear Retentionist,
as I do not handle our Affiliates, please see the answer below from Pavel, who is the head of business development.

Hi Retentionist,
thanks for joining this thread and it is truly unfortunate to see your situation. After reading your comments, I investigated your issue thoroughly and I am sorry to inform you that you are not correct in your statements. There is a lot of ambiguity in your post which I am happy to clarify.

1. You are our long-term Affiliate partner. When you signed up a long time ago, you agreed to certain conditions or our partnership. You have just used a very unprofessional and offensive language and your actions target our good reputation. We don't expect this from our partners and it also contradicts the clause 4.1/e and 4.1/i of the T&Cs.

2. Your Affiliate situation was explained to you clearly over the email, dated 30 October. The issue was related to your complaint of not having some of your referrals accepted. As per the T&Cs, you are only eligible for organic referrals, not for the clients who were already our existing traders. That wouldn't make sense, right?

3. You mentioned that we pay 40% of what we were supposed to. This is absolutely incorrect. We have always paid all your commissions and we can prove this through the invoicing and tracking system.

4. There are no lifetime cookies and we never said anything like this. The cookie has a one-month validity and serves to track your leads to be synchronized with the orders that arrive in our database. The synchronization is indefinite of course so you never lose a client who comes later on but used your referral link initially. This was well explained to you during the registration.

5. You mentioned we are not a prop firm and only betting. This is another incorrect statement of yours. Of course, we are an online proprietary firm. We have funded over 300 traders in 2019. Would you say that they are all gamblers? Not quite so, they are actually very good and professional traders who worked hard to get where they are now. They profit for themselves and ourselves alike.

6. You mentioned that we can easily manipulate somebody's account. Why would we do that? We aim to get traders to pass so that they can manage our capital and we'd be profiting on their performance. Also, such practice of interfering into somebody's trading is illegal and we would NEVER jeopardize our business and our clients' accounts this way. If we did, we'd be legally liable for any such action. Your accusation is empty.

7. Saying that 95% of traders fail is very vague. Certainly, it's not the case with us. It couldn't be mentioned more prominently that we advocate only for serious and experienced traders. Beginners usually don't stand many chances with us, that's why we recommend all to rather practice in our Free Trials first.

On the last note, we'd appreciate if you get your facts right before spreading incorrect statements in the public discussion threads, as this might negatively influence potentially good and interested traders looking to work with us. Also, it is expected that our Affiliate partners work with the company, not against us. Your posts are disheartening. If you need any clarification or address any of your concerns, please communicate with us through our [email protected] email. Thank You.
  • #918
  • Jan 3, 2020 3:25am Jan 3, 2020 3:25am
Quoting TraderOtakar
7. Saying that 95% of traders fail is very vague. Certainly, it's not the case with us. It couldn't be mentioned more prominently that we advocate only for serious and experienced traders. Beginners usually don't stand many chances with us, that's why we recommend all to rather practice in our Free Trials first.

Free Trials is nothing to do with the Challenge. Many trades pass the Free Trials but fail the Challenge, me too.

It's like every trader win demo but loss real trading.
  • #919
  • Jan 3, 2020 5:37am Jan 3, 2020 5:37am
Is anyone currently trading with FTMO?
I don't want to waste my time.
  • #920
  • Jan 3, 2020 6:25am Jan 3, 2020 6:25am
Quoting TraderOtakar
{quote}

7. Saying that 95% of traders fail is very vague. Certainly, it's not the case with us. It couldn't be mentioned more prominently that we advocate only for serious and experienced traders.

Tell this to ESMA.

The stats of 95% failing traders go for the community of retail traders and last time I checked there are no professional traders at FTMO nor at any other org with a similar business model. So please keep in mind that you are not corresponding with stupid people here and be aware of the fact that every word of yours is weighted carefully. So the biggest damage to your company can be done by yourself by not listening to the people who trade for you and who make your living.
No username yet? You are on my ignore list. Fuck off and do not quote me!
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