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FTMO - For serious traders

  • #1,601
  • May 14, 2020 9:01am May 14, 2020 9:01am
Quoting luckytrader1
Hi, can anyone please tell how much time does it take to get verification account once you clear the challenge. I passed the challenge and have been waiting for two days.
Did you have contact their support or wia e-mail they are very responsive... i have recived mine after 2 dayes bee patient markets are there ...
  • #1,602
  • May 14, 2020 9:59am May 14, 2020 9:59am
Quoting mizi123
{quote} Did you have contact their support or wia e-mail they are very responsive... i have recived mine after 2 dayes bee patient markets are there ...
Thank you for your response

I did contact them on chat, they say wait for 2 business days

I probably need to be more patient
  • #1,603
  • May 15, 2020 8:18am May 15, 2020 8:18am
Hello Everyone!

As our CEO Otakar is busier and busier these days, I will be posting in this forum on behalf of FTMO. Otakar will still be coming here every now and then and I will make sure to pass all important observations, questions and suggestions from all of you, but I will be answering your questions instead of him from now on.


Quoting apachesapper
Question. If this has been answered already I apologize for the repeat I must have missed it. I just started the 100k challenge. When I setup my account on MT4 I noticed that the standard pairs like EURUSD are grayed out and I must trade the EURUSD.lmax pair. Is it possible to trade the standard pair? The reason I ask is I'm using an EA, and it does not recognize the .lmax pair and will not let me download my history to it.[/quote]

Hello Apachesapper,
unfortunately,...
Hello t3ddy,
We do not offer any managed accounts, we evaluate traders and offer to trade our capital to the ones that pass our evaluation course. Please read more about our business and products here: https://ftmo.com/en/welcome/


Quoting Mtinifx
Must say that trading someone else's money sounds like a much better idea - mental stresswise![IMG]file:///C:/Users/Tomas/AppData/Local/Packages/oice_16_974fa576_32c1d314_3271/AC/Temp/msohtmlclip1/01/clip_image002.png[/IMG]
Hello Mtinifx,
There is certainly a difference in psychology if you are trading your own $100k or someone else’s $100k. With us, you have a guarantee that you will never lose more than the initial fee.
And if you make profits, even that fee is reimbursed to you together with your first Profit Split!


Quoting luckytrader1
Hi, can anyone please tell how much time does it take to get verification account once you clear the challenge. I passed the challenge and have been waiting for two days.
Hello luckytrader1:
In most cases, it only takes a day. Recently, we have noticed an increasing number of traders scalping the markets with a large number of huge positions and use of very tight Stop Loss orders to reach unrealistic profits. For this reason, we have initiated a much more thorough checks of all passed Challenges and Verifications, which results in longer processing times this week. We are training more staff to do these checks as we speak and expect the processing times to go back to normal by next week. As for the strategy described above, we are preparing an official statement and I will post it here next week.

Good luck with all your trades and enjoy the weekend!
Tomas
  • #1,604
  • May 15, 2020 8:23am May 15, 2020 8:23am
Quoting leweg1
Might have a go at 100k account see how we get on.. {image} {image}
signed up for 100K will update all on my progress, whether loss or win

unfortunately can't get TE on FF for FTMO so will have to put up on my fx book again
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  • #1,605
  • May 15, 2020 8:56am May 15, 2020 8:56am
Strange I opened two buy trades on Gold on my trial account and I'm certain I did not set any TP and yet both trades were closed out. With a profit yes but I should have got a much bigger profit after the big rise this afternoon. Is that normal? Or maybe I did set a TP but I'm sure I didn't!
  • #1,606
  • May 15, 2020 8:59am May 15, 2020 8:59am
Quoting leweg1
{quote} signed up for 100K will update all on my progress, whether loss or win unfortunately can't get TE on FF for FTMO so will have to put up on my fx book again {image}
Good luck Leweg!

Strange that FF hasn't got them signed up for TE but anyway I suppose myfxbook is good enough
  • #1,607
  • May 15, 2020 11:44am May 15, 2020 11:44am
Quoting Mtinifx
Strange I opened two buy trades on Gold on my trial account and I'm certain I did not set any TP and yet both trades were closed out. With a profit yes but I should have got a much bigger profit after the big rise this afternoon. Is that normal? Or maybe I did set a TP but I'm sure I didn't!
check your MT4 history, it'll show if you set TP and if it was hit, it will be green
  • #1,608
  • May 15, 2020 1:24pm May 15, 2020 1:24pm
All set up, cant make my fx book public as it needs to change password which i can't do, so i'll post snapshots if any wins or losses are made in a day
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  • #1,609
  • May 15, 2020 2:05pm May 15, 2020 2:05pm
Quoting leweg1
All set up, cant make my fx book public as it needs to change password which i can't do, so i'll post snapshots if any wins or losses are made in a day {image}
You have to verify the account first so that it can be viewed by the public. That's if you want people to see your trades of course
  • #1,610
  • May 15, 2020 2:14pm May 15, 2020 2:14pm
Quoting Mtinifx
{quote} You have to verify the account first so that it can be viewed by the public. That's if you want people to see your trades of course
You can hide open trades and history with myfxbook and still show everyting else....You can not do that with a TE...
Insanityoing same ting over expecting different results..Einstein
  • #1,611
  • May 15, 2020 3:00pm May 15, 2020 3:00pm
Quoting Mtinifx
{quote} You have to verify the account first so that it can be viewed by the public. That's if you want people to see your trades of course
the only way to make it public is changing the password to the one fx book tells me too, but if i change then FTMO cant track my challenge

i have sent ticket to FF to add FTMO to their broker list
  • #1,612
  • May 15, 2020 3:05pm May 15, 2020 3:05pm
After sucessful challange and verification real FTMO account recived thanc you ftmo (for secutity reasons i have hide some nr )
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  • #1,613
  • May 15, 2020 3:38pm May 15, 2020 3:38pm
i think i have added it to FF under LMAX as broker choice, will find out if it updates when i make my first trade
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  • #1,614
  • May 15, 2020 3:43pm May 15, 2020 3:43pm
Quoting mizi123
After sucessful challange and verification real FTMO account recived thanc you ftmo (for secutity reasons i have hide some nr ) {image}
congratulations hope i get mine too at the end of next week probably or week after
  • #1,615
  • May 15, 2020 4:24pm May 15, 2020 4:24pm
I will be restarting my 100K challenge soon (I ended in profit, so I get a free retry). I am considering using FTMO/LMAX as my broker. Is anyone else using them or have used them recently? I like the idea of low spreads and no commission, but I think that there were some issues with the LMAX account when it was launched. I’d like to know if everything is running smoothly now and if anyone here has some feedback. Thanks!
  • #1,616
  • May 16, 2020 7:13pm May 16, 2020 7:13pm
Hello!

After a colleague mentioned this Website yesterday I had to look into it a bit more as I have the usual "all my money is invested somewhere else and not in my trading account'-problem.
It sounds quite nice to have only the rules of max. daily and total loss and of course the closed trades for weekends. So that's much easier than for Example The5%ers with their relative drawdown which needs some calculation and might make it complicated. The additional services and features offered also look quite interesting.

If I read this correctly you get 25% added to you account when you're making at least 10% profit in four months while at least two of them have to be profitable months?
So, starting with the $100k, 10% profit for the four months period and the 70% profit-share this would be:
$100,000 - $10,000 - $7,000
$125,000 - $12,500 - $8,750
$150,000 - $15,000 - $10,500
$175,000 - $17,500 - $12,250
$200,000 - $20,000 - $14,000
$225,000 - $22,500 - $15,750
etc.
This is growing quite nicely, but wouldn't it make more sense to grow the account faster if the trader had consistent profits for a year or so?
Imo 10% in four months is easy...

Also, is the profit-share taken from the account and if you don't want a payout it stays in the account and you could use the compounding effect to grow even faster?
For example, if the $7k from first four months isn't payed out and left in the account would it be $132k in size after getting the bigger account or maybe even $135k as the profit isn't split yet and so 100% of the profit should be in the account?

Thx
Pax
It's never too late to make a bad trade!
  • #1,617
  • May 17, 2020 1:46pm May 17, 2020 1:46pm
Quoting leweg1
i think i have added it to FF under LMAX as broker choice, will find out if it updates when i make my first trade {image}
Well spotted - It works

I just added my trial account!
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  • #1,618
  • May 17, 2020 2:46pm May 17, 2020 2:46pm
Quoting Mtinifx
{quote} Well spotted - It works I just added my trial account! {image}
oh awesome!!! i'll add mine to my signature

i have also noticed when i have put the log-in credentials in my MT4 mobile app although the server is demo the actual account comes up as live?
  • #1,619
  • May 17, 2020 3:27pm May 17, 2020 3:27pm
Quoting leweg1
{quote} oh awesome!!! i'll add mine to my signature i have also noticed when i have put the log-in credentials in my MT4 mobile app although the server is demo the actual account comes up as live?

I have tried with my trial account on the phone but no success ay all - tried all the lmax servers. Maybe because it's weekend?
  • #1,620
  • May 17, 2020 6:54pm May 17, 2020 6:54pm
Quoting Mr.Carter
I will be restarting my 100K challenge soon (I ended in profit, so I get a free retry). I am considering using FTMO/LMAX as my broker. Is anyone else using them or have used them recently? I like the idea of low spreads and no commission, but I think that there were some issues with the LMAX account when it was launched. I’d like to know if everything is running smoothly now and if anyone here has some feedback. Thanks!
Seems to me there are now commissions for the FTMO LMAX accounts. I have a demo account and I see a 3 USD per standard lot on a trade I just placed. Just an FYI.
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