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FTMO - For serious traders

  • #1,621
  • May 17, 2020 5:36pm May 17, 2020 5:36pm
"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?"


As far as I know, FTMO takes its profit-share on a regular basis, whether or not you choose to get yours.
Amor Fati--F. Nietzsche
  • #1,622
  • May 17, 2020 10:12pm May 17, 2020 10:12pm
Hi guys,
what are split-profits withdrawal options for funded traders? Thanks
  • #1,623
  • May 18, 2020 3:59am May 18, 2020 3:59am
Quoting Psychedde1ic
Hi guys, what are split-profits withdrawal options for funded traders? Thanks
https://ftmo.com/en/welcome/
spend some time surfing through their website,you will be surprised how easy to find your answers.
on a postive roll...
  • #1,624
  • May 18, 2020 4:40am May 18, 2020 4:40am
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!
So if your in profit at the end but don’t make the 10% profit, you get to retry for free?

whats the deal with 10% in a month anyway? it’s not very realistic.

if someone could continuously make 10% a month they couldn’t handle the hundreds of billions in capital that would be thrown their way by investors. That’s 120% a year.

should make the challenge 2-4% a month for 3-6 months. An annual return of 24-48% is fantastic and I bet not very often hit by many continuously.
  • #1,625
  • May 18, 2020 5:08am May 18, 2020 5:08am
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!
I would like to know this also.

Also are there really commssions on Lmax now?
  • #1,626
  • May 18, 2020 5:54am May 18, 2020 5:54am
Quoting fx11trade
{quote} I would like to know this also. Also are there really commssions on Lmax now?
Yep just noticed on the trial account - there were none when I started a couple of days ago!

The boys have obviously decided that they're going to make a few more bucks from all the new punters that have joined up recently. LOL!!
  • #1,627
  • May 18, 2020 7:09am May 18, 2020 7:09am
Hi, I'm new. Has anyone used BOSSA as a broker among the choices proposed by FTMO?
I noticed it because I saw that on nasdaq it has a very low spread.
thanks
  • #1,628
  • May 18, 2020 7:40am May 18, 2020 7:40am
they introduced commissions today, you can see their statement here: https://ftmo.com/en/ftmo-platform-tr...counts-update/

it´s strange that they even have commissions for indices and crypto now while many brokers usually dont have any, forex pairs have still the best conditions though
  • #1,629
  • May 18, 2020 10:11am May 18, 2020 10:11am
Well I'm afraid that I just about blew my trial account today so I'm not going going to be first in line for the challenge!
  • #1,630
  • May 18, 2020 10:25am May 18, 2020 10:25am
Quoting Mtinifx
Well I'm afraid that I just about blew my trial account today so I'm not going going to be first in line for the challenge!
As soon as these points are not defined you and everyone else is in trouble ...
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  • #1,631
  • May 18, 2020 10:33am May 18, 2020 10:33am
Quoting Nvrmd
they introduced commissions today, you can see their statement here: https://ftmo.com/en/ftmo-platform-tr...counts-update/ it´s strange that they even have commissions for indices and crypto now while many brokers usually dont have any, forex pairs have still the best conditions though
Thanks for the update, there platform suddenly loses all of there advantages, I was playing with etusd yesterday late in the evening and I noticed it, but I thought it was swap or something and 1 lot on this is 10 times smaller than on btc so 14 bucks is insanely high....... Spreads are also remarkable higher often than the demo feed from other brokers.... So people should really think through now about wich broker to use.... It's sad news because the no commission was quite interesting...
  • #1,632
  • May 18, 2020 12:33pm May 18, 2020 12:33pm
Quoting Patje
{quote} Thanks for the update, there platform suddenly loses all of there advantages, I was playing with etusd yesterday late in the evening and I noticed it, but I thought it was swap or something and 1 lot on this is 10 times smaller than on btc so 14 bucks is insanely high....... Spreads are also remarkable higher often than the demo feed from other brokers.... So people should really think through now about wich broker to use.... It's sad news because the no commission was quite interesting...
You don't need to use their broker though.
  • #1,633
  • May 18, 2020 1:32pm May 18, 2020 1:32pm
Quoting GodRa
{quote} You don't need to use their broker though.
You do if you’re from the US. They require it for all Americans.
  • #1,634
  • May 18, 2020 1:55pm May 18, 2020 1:55pm
Quoting Mtinifx
{quote} 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?
Their standard server..
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  • #1,635
  • Edited 9:20pm May 18, 2020 8:57pm | Edited 9:20pm
Quoting leweg1
{quote} Their standard server.. {image}
OK that's why mate - that's not Lmax that's something totally different!
  • #1,636
  • May 18, 2020 9:24pm May 18, 2020 9:24pm
Quoting mizi123
{quote} As soon as these points are not defined you and everyone else is in trouble ... {image}
  • #1,637
  • May 18, 2020 11:06pm May 18, 2020 11:06pm
Quoting Mtinifx
{quote} OK that's why mate - that's not Lmax that's something totally different!
yes when i had put the credentials fro trial account in my mt4 app it came up as demo, now i have put the challenge details in it says the account is real but on demo server?
  • #1,638
  • May 19, 2020 4:25am May 19, 2020 4:25am
Some Questions for Tomas or Otakar,

I havnt started a challenge yet but will be doing so shortly.

1. Just so I understand correctly what positions can you hold overnite or not hold overnite.
I saw this at the ftmo website https://ftmo.com/en/faq/do-i-need-to...ons-overnight/
and right now running a trial account using the lmax broker I see different times listed such as: dax = 9:00-23:00, ws30 = :05-24:00 xtu = 1:00-24:00 so these are just examples so could one hold these positions overnite (just not on the weekend) is my question.

2. In regards to news trading; (I know you can trade news with the challenge but as a trader you cannot 2mins before and 2 mins after) - 2 questions in regards to news trading:

a. example = Fed Chair Powell Speaks USD is listed; does this mean you cannot trade any forex pair that has the USD label? or does this include any index also dow30, sp500, nas100 also?

b. Can you have placed a trade earlier say an hour earlier then the news and set a stop = what happens if your stop or take profit is hit during the 4 min time of the news? Is this considered a breach in trading? ...

thanks
  • #1,639
  • May 19, 2020 8:14am May 19, 2020 8:14am
Just realised that 1 lot is actually equal to 1 mini lot on their platform

I'm 5 pips up and got 5 dollar profit!
  • #1,640
  • May 19, 2020 8:33am May 19, 2020 8:33am
Quoting leweg1
{quote} yes when i had put the credentials fro trial account in my mt4 app it came up as demo, now i have put the challenge details in it says the account is real but on demo server?
The account on your TE is demo account right? Did you subscribe already? Sorry I'm totally confused!
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