FTMO - For serious traders | Page 51 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

$1,000,000.00 and Beyond ft. FTMO 29 replies

AkaMRP FTMO Journey 45 replies

FTMO Challenge.... How to beat....? 28 replies

FTMO Challenge; Could Survived? 41 replies

FTMO Challenge & Max Drawdown Issue 5 replies

Attachments: FTMO - For serious traders
Exit Attachments

FTMO - For serious traders

  • #1,001
  • Jan 18, 2020 10:28pm Jan 18, 2020 10:28pm
Quoting BWilliam
{quote} Besides paid dogs oftentimes there are overzealous members who hail the good part yet completely ignore the obvious dark side - the lost fees due to failed attempts. Ofc the failure rate is in the 90+% that mirrors the overall losers pool. The promise of access to large trading money easily attracts gamblers to try their luck. Does their business model made to exploit the natural loser pool a scam ? Ofc not to those who have this gamblers mentality - nothing can stop a gambler from gambling. As much as there's lack of feedback report from...
Obviously the rate of success is extremely low and the share of 30% (if any) appears smaller than what they wish. This puts them in a situation depending on fee from fresh candidate meat. In this scenario, FTMO is better off targeting low quality traders. The lower the education and the experience level is, the higher failure ratio = good business for FTMO.

Unless something gets changed in this model, this business remains a mayfly. And then the question is what will happen with all the profit that’s been genrated toward the day they decide to close the door?! Yes I can tell you what - some hundreds of thousands of dollars (maybe even millions) will be kept in the company because the cooperated live account is on their name, while all funded traders trade on their demo accounts and have no access to the real money.

Happy trading folks...
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,002
  • Edited 11:47pm Jan 18, 2020 11:22pm | Edited 11:47pm
Quoting NotAtrader
Unless something gets changed in this model, this business remains a mayfly. And then the question is what will happen with all the profit that’s been genrated toward the day they decide to close the door?! Yes I can tell you what - some hundreds of thousands of dollars (maybe even millions) will be kept in the company because the cooperated live account is on their name, while all funded traders trade on their demo accounts and have no access to the real money.
Profit share monthly mate

If they decide to close the door?! Yes, they can only hold a few hundred thousand dollars (even millions of dollars).

But if they don't close, they will have that money every month!

So, the real question is: Why do they want to close?
Millions USD funded account. Discount 10% of the Evaluation fee
  • #1,003
  • Jan 19, 2020 3:58am Jan 19, 2020 3:58am
Quoting FF.Trader
{quote}..........So, the real question is: Why do they want to close?
Because they need new fresh meat in order to survive. Why? I can tell you why.

1. Ones you (and anyone) qualify, you will not push as much as you do during the challenge because you don’t want to lose your account. This will significantly reduce the profits.

2. There will be dead and choppy days and even months with almost no profit or even minus.

3. Eventually some traders will make a mistake and get their account closed. This will happen to more traders afterwards unless they trade extremely conservatively. Which means in either way the profits will get significantly reduced.

As you see, whatever they do, they need to see new candidates paying their fee whereas 95% fail to qualify.

That’s the model of this business. They know that requiring 10% monthly while keeping under 10% DD is unrealistic due to market’s unpredictability. This is what guarantees their profit, provided new people pay fee and fail. Besides this is the easiest way to make money as there’ll be no traders, no accounts and not transactions and hence no responsibility whatsoever- just incomes.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,004
  • Edited 3:10pm Jan 19, 2020 7:49am | Edited 3:10pm
Guys ang gals, couple of details:

  1. FTMO has legal form of 'club/association' in Czechia so neither form of Corporate nor LLC. Just like e. g. the gardeners club
  2. FTMO's main and only registered purpose/business is providing 'Training members of the association and the wider public on Forex and CFD trading to manage other corporates funds' as per the national register (see attached or on URL both in Czech though)
  3. FTMO doest not hold licence for providing trading capital or for any other sort of such business activities and is regulated by neither Czech National Bank nor any other public/government/EU regulatory authority

Make your own conclusion and due dilligence

https://or.justice.cz/ias/ui/rejstri...3973&typ=UPLNY

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200119-143409_Edge.jpg Size: 422 KB
  • #1,005
  • Jan 19, 2020 8:26am Jan 19, 2020 8:26am
Quoting mcquak
Guys ang gals, just FYI: FTMO has legal form of 'club/association' in Czechia so neither form of Corporate nor LLC. Just like e. g. the gardeners club FTMO''s main and only registered purpose/business is providing 'Training members of the association and the wider public on Forex and CFD trading to manage other corporates funds'' as per the national register (see attached in Czech) They do not hold licence for providing trading capital or any other sort of such bussiness activities Make your own conclusion and due dilligence https://or.justice.cz/ias/ui/rejstri...3973&typ=UPLNY...
Thank you for that mcquac! This explains the fishy smoke coming out of this story.
Yes no one is guilty unless the opposite is proven. However I’ve learned to put everything under the light of a small suspicion just to confirm that I am wrong and everything else is right. Unfortunately sometimes (like this time) I happen to be right.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,006
  • Jan 19, 2020 9:14am Jan 19, 2020 9:14am
Quoting mcquak
FTMO do not hold licence for providing trading capital or for any other sort of such business activities and is regulated by neither Czech National Bank nor any other public/government/EU regulatory authority
I as much as I know, they are working with another company which provide the capital from investors
  • #1,007
  • Jan 19, 2020 10:09am Jan 19, 2020 10:09am
Quoting iliavelkov
{quote} I as much as I know, they are working with another company which provide the capital from investors
Fair enough. They call the entity FTMO Proprietary Company whatever it is or it does mean because I can not find any company with such name. But it can be hidden on purpose
  • #1,008
  • Jan 19, 2020 4:16pm Jan 19, 2020 4:16pm
Quoting FF.Trader
{quote} Profit share monthly mate If they decide to close the door?! Yes, they can only hold a few hundred thousand dollars (even millions of dollars). But if they don't close, they will have that money every month! So, the real question is: Why do they want to close?
It's funny how you defend ftmo and your nickname is the same as the ftmo real company called FF trader.

FF Trader FINTECH 1 465% Czech Republic FF Trader s.r.o. developed an online training platform for traders on financial markets. The platform is built to educate clients about proper risk management techniques and to motivate them to be disciplined in trading. Otakar Šuffner, Marek Vašíček www.ftmo.com; www.fftrader.cz

Source: https://www2.deloitte.com/content/da...vity=true?nc=1

Also in this deloitte award there is no description about how they fund new trades but education clients and proper risk management bla bla. Where do they educate members?
  • #1,009
  • Edited 10:40pm Jan 19, 2020 9:07pm | Edited 10:40pm
Yes, that's funny.
Millions USD funded account. Discount 10% of the Evaluation fee
  • #1,010
  • Jan 19, 2020 11:17pm Jan 19, 2020 11:17pm
Attached Image (click to enlarge)
Click to Enlarge Name: ftmo.png Size: 91 KB
  • #1,011
  • Jan 20, 2020 1:11am Jan 20, 2020 1:11am
Quoting force1344
{image}

well done. I passed my free trial too. Are you going to sign up for the full evaluation? I’m beginning my evaluation today. Only thing I’m worried about is I’m traveling 5 days over the next 30days so my trading opportunities are restricted to 25 days..
  • #1,012
  • Jan 20, 2020 1:28am Jan 20, 2020 1:28am
I find these posts in this thread here somehow strange is it just me?

It is always the 2 people who write @ff.trader & @NotAtrader
Okay, boys don't have a weekend, no friends or money or hobbies?
You are both filling up the thread (10+ posts), without any information content (you can do better as a PM).

What is your problem? That you are not allowed to join FTMO because you don't have money for the setup or because you are not successful. Do you want me to lend you the $155 for the setup and then prove to all of us here that you can trade? You can write, even if it's just smurf talk.

Everywhere you have to pay to get money in property trading. Because you just want to keep away the people who can't do anything and the one who pays also wants to have support. It's perfectly legitimate. If you're good, you can make money, or you can go and make coffee. In the bank where I used to work, we had people who knew everything better and always had an excuse if something didn't work out (how they made it through the selection process was always a mystery to me). But hey we had a profit list hanging on the toilet, the last 5 always had to go. Something like that always takes care of itself.

So please if you want to talk, write a PM to yourself.
I want and have to trade now, want to earn money. New week, new opportunities.
What do you want?
  • #1,013
  • Edited 3:44am Jan 20, 2020 3:16am | Edited 3:44am
Quoting MrSteve
I find these posts in this thread here somehow strange is it just me? It is always the 2 people who write @ff.trader & @NotAtrader Okay, boys don't have a weekend, no friends or money or hobbies? You are both filling up the thread (10+ posts), without any information content (you can do better as a PM). What is your problem? That you are not allowed to join FTMO because you don't have money for the setup or because you are not successful. Do you want me to lend you the $155 for the setup and then prove to all of us here that you can trade? You can...
You want to trade, you want new opportunity and you want to spend your time earning money. Fine. Go ahead. Why the heck are you wasting time to complain about our posts? And how exactly do our opinions on FTMO prevent you from doing exactly what you want, you commercial member? Do our opinions make it difficult for to trade, or maybe our opinions make it difficult for you to grab new fresh meat? Cut the nonsense fee and you’ll make a giant step toward earning trust and credibility.

Commercial member defending FTMO?! Can’t you just provide some information to support your credibility instead of trying to be sarcastically smart. This way you only confirm all the suspicions that we have about the legitimacy around these fishy companies.
Go ahead smart ass. Continue fishing fresh meat. I hope people around see how greedy you are and the signs of panic you show when someone criticizes you.
Do something to support your credibility, prove that and show the people that you are legit.
Funny how arrogant and Impolite you become every time you get criticized for not providing positive feedback to your customers.

BTW I have the money that you can only dream of and I do not need funded account. What I need is to see honest people around doing respectable business without dirty tricks to suck money out of inexperienced traders who want to trade.

You can begin by cutting off the fee.
Then you can establish a trading school department and provide clients with professional learning process where you can get paid for different levels of educating traders and providing them with the necessary knowledge in order to become good traders.
Then in the end of the education program pick up the candidates who satisfy the requirements of the education program and offer funded account to them.
This is how you can earn trust and credit for the way you run this business.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,014
  • Jan 20, 2020 5:20am Jan 20, 2020 5:20am
Quoting MrSteve
I find these posts in this thread here somehow strange is it just me? It is always the 2 people who write @ff.trader & @NotAtrader Okay, boys don't have a weekend, no friends or money or hobbies? You are both filling up the thread (10+ posts), without any information content (you can do better as a PM). What is your problem? That you are not allowed to join FTMO because you don't have money for the setup or because you are not successful. Do you want me to lend you the $155 for the setup and then prove to all of us here that you can trade? You can...
People have a right to question things that appear shady. FTMO appears to have a shady business model. Therefore, expect people to question it. Until those questions are answered satisfactorily, don't expect people to stop asking questions.

Simply provide transparent answers. If the answers suffice, then there will be no need for us to ask such questions.

Do you have an affiliation with FTMO? If so, I have some more questions to ask of you.
Learn from your mistakes and march on.
  • #1,015
  • Jan 20, 2020 6:24am Jan 20, 2020 6:24am
It's evident this business get income from 2 ways. Trader fee when try be a trader with them and commission when they are accepted. But honestly I don't see the problem while they put the rules and people is free of accept them. About if they are affiliated or other questions as trading limitations really are not relevant. If you think rules are not fair or not fit with your trading style just don't work with them.

As business their goal is make money for them. Banks make money with your savings and they give you nothing ( in my country even you have pay for have deposit with them ). Then really what is the issue in this case?
Try don't lose pants never...
  • #1,016
  • Jan 20, 2020 7:28am Jan 20, 2020 7:28am
Quoting braintheboss
It's evident this business get income from 2 ways. Trader fee when try be a trader with them and commission when they are accepted. But honestly I don't see the problem while they put the rules and people is free of accept them. About if they are affiliated or other questions as trading limitations really are not relevant. If you think rules are not fair or not fit with your trading style just don't work with them. As business their goal is make money for them. Banks make money with your savings and they give you nothing ( in my country even you...
It's for your own good that people who question the validity of things exist.

And knowing if people are affiliated with a company who complain about people asking questions about the company does matter.
Learn from your mistakes and march on.
  • #1,017
  • Edited 8:07am Jan 20, 2020 7:51am | Edited 8:07am
Quoting here2there
{quote} It's for your own good that people who question the validity of things exist. And knowing if people are affiliated with a company who complain about people asking questions about the company does matter.
Really in what affect you they get commission of trials? If you think in customer side evidently looks you are the fish. But you think as business owner. Why will you don't get benefit of a need you create yourself?

If you think well how works this business then you understand the reason. They allow you use "their" money and pay you a good commission without any penalty. If you lost the money they don't reclaim anything. And you don't lost too because you are not using your own money. Then why they will allow access this without pay some extra fees?

Really idea is good. Everyone can copy them but using their own rules. Then I still don't see the problem. In my case trading rules don't fit with my style but I don't blame them for this. I accept the rules. Its their business.
Try don't lose pants never...
  • #1,018
  • Jan 20, 2020 8:14am Jan 20, 2020 8:14am
Quoting braintheboss
{quote} Really in what affect you they get commission of trials? If you think in customer side evidently looks you are the fish. But you think as business owner. Why will you don't get benefit of a need you create yourself? If you think well how works this business then you understand the reason. They allow you use "their" money and pay you a good commission without any penalty. If you lost the money they don't reclaim anything. And you don't lost too because you are not using your own money. Then why they will allow access this without pay some...
You are missing my point.
Learn from your mistakes and march on.
  • #1,019
  • Jan 20, 2020 8:17am Jan 20, 2020 8:17am
Quoting here2there
{quote} You are missing my point.
Just my questions about this business are different. For me they are transparent but they don't have any obligation for answer you about how works business in areas not affect you. Your trading is not affected by affiliation deals
Try don't lose pants never...
  • #1,020
  • Jan 20, 2020 8:31am Jan 20, 2020 8:31am
Quoting braintheboss
{quote} Just my questions about this business are different. For me they are transparent but they don't have any obligation for answer you about how works business in areas not affect you. Your trading is not affected by affiliation deals
They do have an obligation to answer questions and to be transparent with consumers. Such questions exist for your protection. You should be thankful for people like me who don't just blindly follow a company's promises for money like sheep, but question the validity of what they are claiming.

It's my right to ask questions, and this right will not be infringed.
Learn from your mistakes and march on.
21 traders viewing now