TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
- #1,521
- Edited Apr 22, 2020 7:56am Apr 21, 2020 10:22pm | Edited Apr 22, 2020 7:56am
- Joined Feb 2012 | Status: Trader | 3,975 Posts
- #1,522
- Edited Apr 22, 2020 1:40am Apr 21, 2020 10:57pm | Edited Apr 22, 2020 1:40am
Ask FTMO for 5-day demos to start another demo, you need more demos. You can ask me any questions and I will help you! Please don't play the role of naive
- #1,523
- Edited 2:31pm Apr 22, 2020 12:17am | Edited 2:31pm
- Joined Feb 2012 | Status: Trader | 3,975 Posts
To: FTMO and interested
While FTMO appears increasingly to establish establish a reputation of transparency and integrity some small but important technical issues exist.
Prospective clients are unable to make informed decisions from the following data because some of the data displayed is incorrect due to site (or back-end) code data calculation errors.
The attached image was recorded late afternoon UK time 21-April-2020 ..... but ..... I have observed the captured discrepancies since before serious lockdown
Please review data at locations 1, 2, 3 and 4 on the attached image. As can be seen the data refers to Current Spreads >> NQ >> FTMO with LMAX Datafeed and corresponding MT4 Terminal Instruments - US100.lmax and T100.lmax_m price and spread data. 
With respect to FX and other non FX instruments FTMO with LMAX appears to be returning correct data
Example - below image for DAX
FTMO with LMAX: 10,354.70 - 10,352.70 = Spread 2.0 [correct] 
https://ftmo.com/en/broker-review/
While FTMO appears increasingly to establish establish a reputation of transparency and integrity some small but important technical issues exist.
Prospective clients are unable to make informed decisions from the following data because some of the data displayed is incorrect due to site (or back-end) code data calculation errors.
The attached image was recorded late afternoon UK time 21-April-2020 ..... but ..... I have observed the captured discrepancies since before serious lockdown
Please review data at locations 1, 2, 3 and 4 on the attached image. As can be seen the data refers to Current Spreads >> NQ >> FTMO with LMAX Datafeed and corresponding MT4 Terminal Instruments - US100.lmax and T100.lmax_m price and spread data.
- Some preliminary calculations to establish how data is represented on the site.
- ...
- Purple Trading STP: 8366.90 - 8365.60 = Spread 1.3 [correct]
- Admiral Markets Zero.MT4: 8365.14 - 9364.94 = Spread: 0.2 [correct]
- Blueberry Markets: 8366.52 - 8365.32 = Spread: 1.2 [correct]
- ........
- See below FTMO with LMAX discrepancy .....which is not a result of lagging data updates - the discrepancy is (due to coding errors) permanent.
- ......
- FTMO with LMAX: 8360.30 - 8359.50 = Spread: 0.1 ? [incorrect]
- The above Spread of 0.1 is incorrect and should be 0.8.
- A Spread of 0.8 is further validated by my indicator returned data at location 3 which corresponds exactly to Terminal data at locations 1 & 2.
- .....
- The FTMO with LMAX SPREAD indication will be observed to permanently return incorrect spread calculation.
- Examples:
- 8525.80 - 8523.90 = returns Spread = 0.2 [incorrect] [correct = 1.9]
- 8520.50 - 8518.90 returns Spread = 0.2 [incorrect] [correct = 1.6]
- 8511.80 - 8511.00 returns Spread = 0.1 [incorrect] [correct = 0.8]
- .....
- The FTMO with LMAX consistently returns an incorrect spread of either 0.1 or 0.2
- ......
- Note: The site (or back-end) code spread calculation is out by a digit factor of x 10 and is rounded to one digit after the decimal point - producing incorrect results of either 0.1 or 0.2 - in other words 1.9 above is calculated as 0.19 and is rounded up to 0.2, 1.6 above is calculated as 0.16 and rounded up to 0.2 and 0.8 above is calculated as 0.08 and rounded up to 0.1
- Some other Brokers - like Blackwell return incorrect Spreads as above.
- A thorough review of all data is required.
Note: All screen live updating data can be frozen for purposes of taking a static reading of data at instance of freeze with Snipping Tool or Snip & Sketch Tool included in all editions of MS Windows OS - open app and click New tab
With respect to FX and other non FX instruments FTMO with LMAX appears to be returning correct data
Example - below image for DAX
FTMO with LMAX: 10,354.70 - 10,352.70 = Spread 2.0 [correct]
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
- #1,525
- Edited 7:53am Apr 22, 2020 7:39am | Edited 7:53am
{quote} Why you advise asking FTMO for another 5 day demo? Can not you just open demo account with selected broker directly on your own? FTMOs rules are quite simple and clear so you really do not need their advisory watch dog application to tell if you broke the rules or not.
You can imagine how many operating in a year have 5% DL, In 1000 traders none in a year, but that is the reality and the challenge, but that is the business, to make it look attractive to all new and old forex traders.
This is just a warning that I can provide
Be happy, friendly, humble and winner!!
- #1,526
- Apr 22, 2020 8:06am Apr 22, 2020 8:06am
{quote} YOU are right, that is not a problem, but the environment of the challenge is important, but it is more important that we know that the demos are first than paying a challenge as they intend. The main topic is DL 5% and 10% profit before moving on to the challenge. You can imagine how many operating in a year have 5% DL, In 1000 traders none in a year, but that is the reality and the challenge, but that is the business, to make it look attractive to all new and old forex traders. This is just a warning that I can provide
- #1,529
- Edited 7:31pm Apr 22, 2020 7:01pm | Edited 7:31pm
- Joined Mar 2013 | Status: Trader | 6,512 Posts
{quote} It's not exactly the same. You are right about the number of retry's but when we take the 10.000 account for example, you invest €155 so you get to try 10.000/155= 64 times before you loose €10.000. I think we can safely assume nobody is going to try 64 times to get a FTMO account. When you have your own €10.000 account it can be lost in 1 trade (when the shit hits the fan). You could loose even more when you have a broker without negative balance protection, with the funded account you can not In the ideal situation you invest one time...
No wonder............
Like I said, it's a lie they make it sound beautiful. Like an Illusion you think you are getting a good deal but actually you are not. I said this here multiple times I'm not going to repeat it again. This is their secret which few fail to see. Do you really think they would risk $10,000 in cash or worst $100,000??? Just because you see $10,000 equity on your DEMO you believed it already. They are smart not to do that. 
Believe the lie if you like it's up to you. But I already explained it.I bet 95% still don't get what I said.
I give up. It seems few people are forgetting MARGIN in their calculations. Ok fine I give up. REALLY
- #1,530
- Apr 23, 2020 2:00am Apr 23, 2020 2:00am
{quote} You are wrong 10,000 is MARGIN buying power. Real funding is 1,000. It seems you did not read my previous post. The 1,000 is increased with MARGIN to give you 10,000 buying power. So if you fail 10x it's the same as funding your own account. Still don't get it? 10,000 with max draw down 10% (this is your funding) which is 1,000 (real cash backing up your trading) and profit target of 1,000 that's 100% gain not 10%. Still don't get it? Then I give up hah hah!!!
- #1,531
- Edited 10:25am Apr 23, 2020 10:06am | Edited 10:25am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
{quote} That's right no objections. It's simple math, but it's not the case only with FTMO. It is basis of the whole 'prop. fims' business
But yeah this is their business. So to people here if I were you pass the trial challenge first 10x before actually paying for the challenge. This way FTMO works for you not the other way around. Glad finally agreed seriously 
There is another firm here Fidelcrest that one IS THE SCAM. I wrote how they scam on their own forum. Avoid that firm like the plague
- #1,532
- Edited 1:49pm Apr 23, 2020 10:57am | Edited 1:49pm
Maflip
Can You be more specific, this sounded familiar to me, my language is not English
I may be unfair to FTMO because the conditions in the third stage, when FTMO deposits funds it is benevolent in the conditions, it is indefinite and does not demand any profit.
{quote}
I may be unfair to FTMO because the conditions in the third stage, when FTMO deposits funds it is benevolent in the conditions, it is indefinite and does not demand any profit.
Be happy, friendly, humble and winner!!
- #1,533
- Edited 2:20am Apr 24, 2020 1:48am | Edited 2:20am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
Maflip {quote} Can You be more specific, this sounded familiar to me, my language is not English
Here's breakdown:
$10,000 challenge cost is $175. 10% draw down of $10,000 is $1,000. $1,000 is your actual funding if you pass but with $10,000 buying power because of Margin. They are not willing to loose more than $1,000 so this is real funding amount. They did not say they want to loose $10,000 correct? So $1,000 is real funding.
Fail the challenge 10 times means you lost $1750 yet you are trying for a $1,000 funding. This is not in your favor. You can take the rest of the loss back from your profit afterwards. But this is not the point. The point is passing it only once.
Pass the challenge 1 time means you only spent $175 and you got $1,000 funding from them. This is in your favor. Actually, if pass once plus refund. You are funded for free. This should be your goal.
To break even at least. You should not fail the challenge more than 6 times. If you are not confident of passing once. Don't take it. Taking the challenge 6 times cost you $1050 for a $1,000 funding. A bit loss on your part but not that bad. Goal is to pass it once. This way it's in your favor.
- #1,535
- Apr 24, 2020 9:39am Apr 24, 2020 9:39am
Quantower platform has a connection with all cTrader brokers via ctrader API. https://www.quantower.com/blog/axior...new-indicators
You can trade on FTMO on Purple Trading Broker via Quantower
You can trade on FTMO on Purple Trading Broker via Quantower
Inserted Video
Trading Platform for Forex, Futures, Stocks, Options, Crypto
