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FTMO - For serious traders

  • #1,321
  • Mar 11, 2020 11:19am Mar 11, 2020 11:19am
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TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,322
  • Mar 11, 2020 11:22am Mar 11, 2020 11:22am
Quoting Phylo
{quote} Thanks for posting - Comment in general If the ICM account is a standard account there is no commission - the images then reflect an accurate comparison. If the ICM account is a raw spread account the commission must be converted to an equivalent spread and this added to the existing ICM spread for an accurate like-for-like spread comparison against the FTMO-LMAX non commissioned spread. ICM MT4 round turn commission is $7/lot. This equates to an additional 7 points or 0.7 pips spread.

IC MARKET account I showed its a raw spread . That's why I said if you trade majors pairs there is no problem as if you add that extra 0.7 pip spread both options seems similar in overall cost. But adding that 0.7 pip to minos pairs, like gbpnzd, euraud, eurnzd...

Would be great if people post that spread table to compare between brokers (purple trading, GBE, admiral,etc)
  • #1,323
  • Mar 11, 2020 11:34am Mar 11, 2020 11:34am
Quoting Davidbauer
{quote} IC MARKET account I showed its a raw spread . That's why I said if you trade majors pairs there is no problem as if you add that extra 0.7 pip spread both options seems similar in overall cost. But adding that 0.7 pip to minos pairs, like gbpnzd, euraud, eurnzd... Would be great if people post that spread table to compare between brokers (purple trading, GBE, admiral,etc)
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,324
  • Mar 11, 2020 11:35am Mar 11, 2020 11:35am
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GBPUSD



Gold
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// Jim Ægirson https://discord.gg/Dkm3demYsx
  • #1,325
  • Edited 8:18pm Mar 11, 2020 12:30pm | Edited 8:18pm
To: FTMO

While most potential clients will be focused on funding others will be focused on insurance complimentary to existing accounts.

As is known - a number of regulatory bodies mandate retail client deposit protection in the event of broker insolvency and negative balance protection.

The above regulatory mandates do not cover Force Majeure.

As all accounts are in the ownership of the company [#post 62 - because trading accounts are in the ownership of our company] one assumes in the event of a Force Majeure broker compensation claim against FTMO, FTMO would be liable entirety against such claims and any client immune entirety against such claim.

If FTMO clients are completely protected against any FTMO Force Majeure claims then in event of a client being saddled with a Force Majeure claim on the client's private account/s and resulting decimation - and provided FTMO survives any Force Majeure event and subsequent claims - the partnership with FTMO (or other) offers insurance of trading continuity and recovery.

However - as is well known in this business - due diligence can leave nothing to logical assumptions.

What certainty and assurance can FTMO provide with respect to FTMO-Client Contract Agreement that any or all clients are protected entirety against any FTMO Force Majeure broker compensation claims.
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,326
  • Mar 12, 2020 2:22am Mar 12, 2020 2:22am
Quoting Phylo
To: FTMO While most potential clients will be focused on funding others will be focused on insurance complimentary to existing accounts. As is known - a number of regulatory bodies mandate retail client deposit protection in the event of broker insolvency and negative balance protection. The above regulatory mandates do not cover Force Majeure. As all accounts are in the ownership of the company [#post 62 - because trading accounts are in the ownership of our company] one assumes in the event of a Force Majeure broker compensation claim against...
This does not need answering - just saw this
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hi, you should not be confused: you are not a broker client, your are trading in the name of ftmo;
once you become a funded trader you will trade with a demo account in the name of ftmo, as per the challenge and the verification, they will copy your trade and if you are profitable you receive your money!
it is so simple

https://www.forexfactory.com/showthr...8#post12467278
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,327
  • Mar 12, 2020 2:50am Mar 12, 2020 2:50am
Quoting Phylo
{quote} This does not need answering - just saw this {image} hi, you should not be confused: you are not a broker client, your are trading in the name of ftmo; once you become a funded trader you will trade with a demo account in the name of ftmo, as per the challenge and the verification, they will copy your trade and if you are profitable you receive your money! it is so simple https://www.forexfactory.com/showthr...8#post12467278

Thats what i Told Admiral Markets, And they told me it was Not possible due to the Money Laundry Rules.
// Jim Ægirson https://discord.gg/Dkm3demYsx
  • #1,328
  • Mar 12, 2020 4:37am Mar 12, 2020 4:37am
Quoting SirOrigami
{quote} Thats what i Told Admiral Markets, And they told me it was Not possible due to the Money Laundry Rules.
Ha, confusion reigns - if you spoke with AM UK-FCA they may be quoting UK law or regulatory restrictions but FTMO may have agreement with AM ASIC or CySEC and not AM UK.

As above - I have messaged AM UK requesting escalation for an authoritative AM response (low level support can be frustratingly lacking facts) and have received email receipt of request. Wait and see.
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,329
  • Mar 12, 2020 4:52am Mar 12, 2020 4:52am
Quoting TraderOtakar
Hi everyone, (rebe1, Patje, Fx11trade) I can confirm that we were experiencing issues with our FTMO Platform. There was an enormous demand for the platform, which overloaded our servers. We could not foresee such high demand. We are dealing with every single complaint and all clients with issues are compensated accordingly. The server has been upgraded and there should be no issues now. To: Iliavelkov thank you for your question. You can get higher leverage if you are considered as a professional client, which means that you need to have 500k (or...
TraderOtakar, I do whish you would come on here and clear up all the confusion on this thread!
  • #1,330
  • Mar 12, 2020 6:23am Mar 12, 2020 6:23am
Quoting Clivethien
Not sure if it helps but try changing your server at the bottom right of MT4 to Main. It works better for me. Today is the first "normal" day that I experience with LMax, past week was a disaster.
This helped me. Thanks.
  • #1,331
  • Mar 12, 2020 7:48am Mar 12, 2020 7:48am
Hello everyone,
I hope you guys are all safe in this virus situation. Being a lonely trader is certainly a safer job nowadays.
Quoting NotAtrader
{quote} Hi! Thanks for this info. I believe many good traders (including me, if I go for FTMO) could benefit of the following information which I need you to clarify. That is: If one gets a funded account and does really well on profits and returns, he will increase his balance and his equity (provided there are no withdrawals for some time). Let’s say I qualify for a $100K account and I increase it to 200K in 2 months time. My initial DD was 10% and the leverage 100:1. After my account becomes 200K, does my allowed DD increase to 20% since the...


Hi Notatrader,
Let’s image that you don’t want any withdrawal and you make 100$k profit so your total balance is 200$k. In this case you can lose 110k$ in total, but you are allowed to lose only 5% (5000$) of the initial capital any single day.
Quoting rebe1
When you start a challenge, does it have any leverage option to select or does all the brokers have default leverage settings? Thanks
Hi rebe1,
the setting is default for each broker. Please see this link:
https://ftmo.com/en/faq/what-are-the...pecifications/

Quoting NotAtrader
{quote} Really? Do you really have to withdraw every month? They don’t allow you to grow your money and build ground for bigger profits? Are you a funded trader? If not then I will allow myself to disagree with you. Can someone confirm or point to the rule’s page for reference?

We always take our 30%, but you are free to keep your profits on your account.

Quoting MichalTr
Hello @TraderOtaker I have one specific question. I can't get robust answer from your customer support. So maybe I will be lucky to get it here. If I would like to trade stocks CFDs (apart from FX and indices) - with which brokers it is possible to make it during the "challange" and "verification" to have those stages valid ? What I mean is (according to info on your website) - with some brokers there is about 15 min delay in stocks CFDs charts - so for obvious reasons, results from trading that kind of CFDs with those brokers can't be taken into...


Hi Michal,
You can trade stocks with Admiral Markets MT5.


Quoting WindFreeze10
{quote} I cant seem to be able to reach any of them. Their support (Skype, Email, Live Chat) has no response thus far. The support mia for 3 hours... TraderOtakar, could you respond? I have an outstanding trade before i encountered issues and because i was waiting for a response for option 2... It has moved from profit to drawdown. (I cant move my sl to lock in any profit in order to eligible for option 2).. {image}

Hi WindFreeze10,
I am sorry that you were trying to reach us without any success. Live chat is open from 2 am till 5pm Central European Time (CET). Skype + calls are possible 9am – 5pm CET. Thank you for your understanding. If the line was busy, probably another caller was occupying it at that moment.
Quoting NotAtrader
I am being thrown from one side to the other and from believing FTMO is legit company to be more and more convinced that there is something fishy about them. Well let’s think and put yourself in their shoes. First why would you want to do such big changes within the server park/providers/technology with such rush without making sure everything works faultless before it gets implemented? A professional company which respects and values its clients, will do everything to ensure faultless server operations because people put their real money and people...

If you ever run a business there are some scenarios which you cannot anticipate. We tested the platform well, but the demand we got for it was unexpected and overwhelming. For this reason, our servers were overloaded and caused the issues. We immediately took action and started migrating existing and new account to a new server with much greater capacity to accommodate everyone. All clients who were affected were compensated with the choice of service recovery. The situation is now stable and the infrastructure upgraded.
I can assure you that we are an honest company. We are in this business for the past 5 years and the reviews of our traders speak on our behalf.


Quoting Phylo
{quote} In a complex system there can be multiple server utilizations - which specific servers does the above refer to ? The questions here are Regarding these specific servers - what is their utilization ? The impression is that they are FTMO servers not LMAX servers ? Regarding these specific servers - are they maintained in house by FTMO on FTMO premises ? Regarding these specific servers - are they located in outsourced Data Center and if so then the Data Center will be responsible for infrastructure maintenance - who is responsible for non-infrastructure...




{C}1. Regarding these specific servers - what is their utilization? The impression is that they are FTMO servers not LMAX servers?
The server where our FTMO Platform is physically running is maintained by a company called Tools 4 Brokers (already mention that). Liquidity provider is LMAX with servers in London, Tokyo and New York.
{C}2. Regarding these specific servers - are they maintained in house by FTMO on FTMO premises ?
Our platform servers are maintained by T4B. If you talk about servers where we evaluate traders, then we have some servers on our premises and also many servers in several data centres in Germany. There is an external contractual company which is taking care of these servers. We are just renting the hardware.
{C}3. Regarding these specific servers - are they located in outsourced Data Center and if so then the Data Center will be responsible for infrastructure maintenance - who is responsible for non-infrastructure maintenance ?
Our technological provider, Tools 4 Brokers, is responsible for the maintenance of our platform. With the other data centres where are rent hardware, these companies are not responsible for any faults in their services.
Quoting SirOrigami
Just got back from a Call with Admiral Markets (Martin Mardov) he told me that there was not possible to trade with Admiral Markets and FTMO since they dont have any partnership together, and he also told me severeal Clients had no recieved Funds from FTMO even though they had made enough Funds to withdraw, I called FTMO and they Say that There is a contract between Admiral Markets and FF-Trader(FTMO) and nobody is being unpaid. I Wish for FTMO or admiral Markets to answer it Here because it leaves alot of confusion.


Hi SirOrigami,
Thank you for your question. We used to cooperate with Admiral Markets intensively, but after Admiral Markets reorganized their offices here in Prague, there is no further cooperation besides that FTMO is a client of Admiral Markets. We have received no official message from Admiral Markets that we should stop providing trading on their accounts.

Quoting Phylo
{quote} Interesting To: FTMO can FTMO confirm if there is any non-disclosure agreement/s in the contract between FTMO and hired traders preventing said traders from reporting publicly any non-payments or other grievances.

Hi Phylo,
If we have ever failed to pay to anyone, I believe no disclosure agreement would help us as the online world quickly reveals dishonest companies. There is no such paragraph in the contract. The contract itself is a legally binding agreement between the company and the client.

Quoting SirOrigami
{quote} Thats what i Told Admiral Markets, And they told me it was Not possible due to the Money Laundry Rules.


As you can imagine we have done some extensive research on this matter. Money Laundering Rules do not apply here as we are not opening account in your name and sending money to this account. Everything is done thought our company.

Thank you Maahome, for answering many of the questions.
If I forgot to answer some important questions, please send me PM I will answer them.
Stay safe!
  • #1,332
  • Mar 12, 2020 7:59am Mar 12, 2020 7:59am
Thanks FTMO
// Jim Ægirson https://discord.gg/Dkm3demYsx
  • #1,333
  • Mar 12, 2020 10:23am Mar 12, 2020 10:23am
Quoting TraderOtakar
Hello everyone, I hope you guys are all safe in this virus situation. Being a lonely trader is certainly a safer job nowadays. {quote} Hi Notatrader, Let’s image that you don’t want any withdrawal and you make 100$k profit so your total balance is 200$k. In this case you can lose 110k$ in total, but you are allowed to lose only 5% (5000$) of the initial capital any single day. {quote} Hi rebe1, the setting is default for each broker. Please see this link: https://ftmo.com/en/faq/what-are-the...pecifications/ {quote} We always take...
Thank you
  • #1,334
  • Mar 12, 2020 1:51pm Mar 12, 2020 1:51pm
Quoting TraderOtakar
Hello everyone, I hope you guys are all safe in this virus situation. Being a lonely trader is certainly a safer job nowadays. {quote} Hi Notatrader, Let’s image that you don’t want any withdrawal and you make 100$k profit so your total balance is 200$k. In this case you can lose 110k$ in total, but you are allowed to lose only 5% (5000$) of the initial capital any single day. {quote} Hi rebe1, the setting is default for each broker. Please see this link: https://ftmo.com/en/faq/what-are-the...pecifications/ {quote} We always take...
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,335
  • Mar 12, 2020 4:22pm Mar 12, 2020 4:22pm
Again server issue started

0 19:04:35.795 '2090085688': previous successful authorization performed from 170.52.94.23
0 19:04:37.702 '2090085688': auto connecting to a better access point DC (ping is 95.19 ms)
0 19:04:38.278 '2090085688': login on FFTraderSRO-Demo through DC (ping: 95.19 ms)
0 19:04:39.180 '2090085688': login datacenter on FFTraderSRO-Demo through DC (ping: 95.19 ms)
0 19:04:39.491 '2090085688': previous successful authorization performed from 170.52.94.23
0 19:19:40.190 FF Trader build 1260 stopped
0 19:19:48.715 FF Trader build 1260 started (FF Trader S.R.O.)
0 19:19:48.715 Windows 10 Pro x64, IE 11, UAC, 8 x Intel Core i7-4810MQ @ 2.80GHz, Memory: 23167 / 32647 Mb, Disk: 104 / 237 Gb, GMT-5
0 19:19:48.715 Data Folder: C:\Users\User\AppData\Roaming\MetaQuotes\Terminal\A542E1E7329F530649548157112DA31D
  • #1,336
  • Mar 12, 2020 4:29pm Mar 12, 2020 4:29pm
Quoting sampat
Again server issue started 0 19:04:35.795 '2090085688': previous successful authorization performed from 170.52.94.23 0 19:04:37.702 '2090085688': auto connecting to a better access point DC (ping is 95.19 ms) 0 19:04:38.278 '2090085688': login on FFTraderSRO-Demo through DC (ping: 95.19 ms) 0 19:04:39.180 '2090085688': login datacenter on FFTraderSRO-Demo through DC (ping: 95.19 ms) 0 19:04:39.491 '2090085688': previous successful authorization performed from 170.52.94.23 0 19:19:40.190 FF Trader build 1260 stopped 0 19:19:48.715 FF Trader build...
try change server to Main
  • #1,337
  • Mar 12, 2020 4:40pm Mar 12, 2020 4:40pm
Again tried through main pasting logs as well still doesn't work.

0 19:04:35.036 '2090085688': login on FFTraderSRO-Demo through Main (ping: 100.22 ms)
0 19:04:35.795 '2090085688': previous successful authorization performed from 170.52.94.23
0 19:04:37.702 '2090085688': auto connecting to a better access point DC (ping is 95.19 ms)
0 19:04:38.278 '2090085688': login on FFTraderSRO-Demo through DC (ping: 95.19 ms)
0 19:04:39.180 '2090085688': login datacenter on FFTraderSRO-Demo through DC (ping: 95.19 ms)
0 19:04:39.491 '2090085688': previous successful authorization performed from 170.52.94.23
0 19:19:40.190 FF Trader build 1260 stopped
0 19:19:48.715 FF Trader build 1260 started (FF Trader S.R.O.)
0 19:19:48.715 Windows 10 Pro x64, IE 11, UAC, 8 x Intel Core i7-4810MQ @ 2.80GHz, Memory: 23167 / 32647 Mb, Disk: 104 / 237 Gb, GMT-5
0 19:19:48.715 Data Folder: C:\Users\User\AppData\Roaming\MetaQuotes\Terminal\A542E1E7329F530649548157112DA31D
  • #1,338
  • Mar 12, 2020 4:50pm Mar 12, 2020 4:50pm
Why it works on cell phone and not on Laptop? Do you guys have sever license limits?
  • #1,339
  • Mar 12, 2020 4:50pm Mar 12, 2020 4:50pm
Quoting Phylo
{image}{image}
11:45 PM
to Admiral
https://mail.google.com/mail/u/1/images/cleardot.gif
I believe this has now been addressed and clarified in the forum thread - please close this request as no further communication from Admiral Markets is required.

Regards
----------------------------------------------------------------------------------------------------------
On Wed, 11 Mar 2020, 18:17 Admiral Markets, <[email protected]> wrote:
##- Please type your reply above this line -##
Your request #19557 has been received and is being reviewed by our support team.
To add additional comments, reply to this email.
Best regards, Admiral Markets
This email is a service from Admiral Markets. Delivered by Zendesk | Privacy Policy
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,340
  • Mar 12, 2020 5:54pm Mar 12, 2020 5:54pm
[quote=TraderOtakar;12808437]Hello everyone, I hope you guys are all safe in this virus situation. Being a lonely trader is certainly a safer job nowadays. {quote} Hi Notatrader, Let’s image that you don’t want any withdrawal and you make 100$k profit so your total balance is 200$k. In this case you can lose 110k$ in total, but you ...


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