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FTMO - For serious traders

  • #1,941
  • Jun 16, 2020 4:01am Jun 16, 2020 4:01am
Quoting renko4x
I love the idea of prop firms. Unfortunately, not many of them are good enough to use. I have 3 prop firms on my list I'm going to use. FTMO is one of them but it is last on the list. Imagine fully ripe banana. Very sweet and it's a joy to eat it. Prop firms are like a banana. BUT many prop firms are rotten and some are still green and unripe. Only very few are nice yellow and ripe. FTMO is still green, unripe and not ready to eat. But it has a great potential to become great one day. I've been watching FTMO for many months now and I like the progress....
Wich other firms you consider as alternatives?
  • #1,942
  • Jun 16, 2020 4:09am Jun 16, 2020 4:09am
Quoting Patje
{quote} Wich other firms you consider as alternatives?
This is FTMO thread and I fully respect that. So I will not mention any other prop firms here publicly. But you can send me private message.
  • #1,943
  • Jun 16, 2020 4:26am Jun 16, 2020 4:26am
Quoting renko4x
{quote} This is FTMO thread and I fully respect that. So I will not mention any other prop firms here publicly. But you can send me private message.
I don't think anyone is going to lose any sleep if you do mate!

I think most of the competitors have been mentioned somewhere or other on this thread already. Topstep, Traders4traders, Audacity, Blufx, Fidelcrest, 5ers, Enfoid, etc...

I've looked at them all in depth! And I after taking everything into account, all the pros and cons, I have to say that FTMO has the best offer. No doubt about it
  • #1,944
  • Jun 16, 2020 4:36am Jun 16, 2020 4:36am
Quoting Mtinifx
{quote} I don't think anyone is going to lose any sleep if you do mate! I think most of the competitors have been mentioned somewhere or other on this thread already. Topstep, Traders4traders, Audacity, Blufx, Fidelcrest, 5ers, Enfoid, etc... I've looked at them all in depth! And I after taking everything into account, all the pros and cons, I have to say that FTMO has the best offer. No doubt about it
Just because someone else mentioned other prop firms here, doesn't mean that I will break my ethics rules and will do the same. I give respect where it is needed. If it was my thread I would like traders to respectfully withhold themselves from mentioning any competition on a commercial thread.
If FTMO published comparisons with other prop firms on their website, then I would be ok with mentioning them here myself.

I respect your opinion about FTMO having the best offer. It is based on your personal criteria.
But based on information that is not freely available on other prop firms websites, I consider FTMO to be the 3rd best so far based on my personal criteria.

My personal criteria in order of importance:
A) broker quality
B) growth plan/max. AUM available
C) evaluation time limit

Good luck on your journey with FTMO.
  • #1,945
  • Jun 16, 2020 4:37am Jun 16, 2020 4:37am
Quoting Mtinifx
{quote} I don't think anyone is going to lose any sleep if you do mate! I think most of the competitors have been mentioned somewhere or other on this thread already. Topstep, Traders4traders, Audacity, Blufx, Fidelcrest, 5ers, Enfoid, etc... I've looked at them all in depth! And I after taking everything into account, all the pros and cons, I have to say that FTMO has the best offer. No doubt about it
From memory Fidelcrest is pretty much identical to FTMO - I thought it was even the same people at one point because the wording was identical. I think FTMO is fine personally, I use Purple Trading and have had no issues at all.
Cheers
maahome
  • #1,946
  • Jun 16, 2020 8:18am Jun 16, 2020 8:18am
First Challenge passed! +4% on the second and haven't started the third yet. In hindsight, doing 3 at the same time without a copier was not advisable. Still, pleased with my progress so far and very happy with FTMO.
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  • #1,947
  • Jun 16, 2020 8:33am Jun 16, 2020 8:33am
Quoting Zuke
First Challenge passed! +4% on the second and haven't started the third yet. In hindsight, doing 3 at the same time without a copier was not advisable. Still, pleased with my progress so far and very happy with FTMO. {image} {image}
wow.....9 dollars from hitting the daily maximum drawdown limit....congratulations...
Insanityoing same ting over expecting different results..Einstein
  • #1,948
  • Jun 16, 2020 8:37am Jun 16, 2020 8:37am
Quoting FXsniper111
{quote} wow.....9 dollars from hitting the daily maximum drawdown limit....congratulations...
Yeah...there's a story behind that! I missed closing a trade last Friday by about 20 seconds...Sunday evening the market had gapped massively and I was stopped out, jut $9 away from hitting max loss!
  • #1,949
  • Jun 16, 2020 8:46am Jun 16, 2020 8:46am
Quoting Zuke
{quote} Yeah...there's a story behind that! I missed closing a trade last Friday by about 20 seconds...Sunday evening the market had gapped massively and I was stopped out, jut $9 away from hitting max loss!
I didnt think they allowed you have open trades over the weekend mayby that is only when funded,but its never a good idea to have trades open over weekend because what you said gaps and huuge spreads when markets open sunday....better to take loss and be flat over the weekend...
Insanityoing same ting over expecting different results..Einstein
  • #1,950
  • Jun 16, 2020 8:50am Jun 16, 2020 8:50am
Quoting FXsniper111
{quote}I didnt think they allowed you have open trades over the weekend mayby that is only when funded,but its never a good idea to have trades open over weekend because what you said gaps and huuge spreads when markets open sunday....better to take loss and be flat over the weekend...
Yeah exactly. Ive been trading many many years and Ive never held trades over the weekend (unless its a swing or position trade obviously). I literally remembered to close it but missed the market close by a few seconds.

When funded, FTMO do not allow the holding of trades over the weekend but fine in Challenge and Verification stages.
  • #1,951
  • Jun 16, 2020 10:28am Jun 16, 2020 10:28am
Quoting Tomas-ftmo
Hello traders, I hope you enjoyed a great weekend and are looking to what the markets bring us this week ahead. {quote} Hello FX11trade, Yes, the gold is tradable under “XAUUSDm.lmx”, which is a mini contract. {quote} Hi Akamrp, Yes, any day that you open a trade on will count as an active trading day. {quote} Hello Abdurrehmaan, I don’t know the exact details of your case so I can’t give you any guarantees, but if there was a technical issue with a broker, we always take that into account. We usually disregard the trades that were affected by the...


im extremely disappointed with how FTMO just ran my case. I had trades open wednesday night and servers started lagging. I screen recorded the whole thing and tried to take profits on the trades but wouldn’t let me. EURCAD mooned and i had larger scalps open but the lag was unreal which caused me to go over the daily loss on my LIVE account.

i sent an email immediately to customer support and the guy guarenteed i wouldn’t lose my account because they knew it was an issue.

Waited 5 days for an email and they finally emailed me saying my case was invalid because the issues were fixed after 7am CEST and all the trades i had open after didn’t count and were my responsibility. What about the trades BEFORE 7am CEST? They offered me a free challenge again which was cool but honestly why can’t they just refund the first 5 trades that accounted for 1100$ which would give me my live account back because i would have never hit the daily drawdown. Server lag got me and its my fault also now? I have. Proof of every email so i called FTMO this morning and talked to customer support over the phone. He couldn’t make sense of the situation either so he sent an internal email asking to look into the 5 trades that were affected WITH proof. Now im either getting kicked or getting another challenge. Im extremely dissapointed with how long it takes for them to send an email i understand you had 100s of emails but giving a rejection after 5 days of waiting was brutal. Knowingly that servers were messed up for days then not even letting clients know there were issues to BEGIN with.

so now i wait for the email on those 5 trades and hope they even refund one which would put me under the 5k or i do the challenge again.... unreal.
  • #1,952
  • Jun 16, 2020 1:12pm Jun 16, 2020 1:12pm
Quoting TraderOtakar
Hello Traders, my name is Otakar and I am a co-founder of the FTMO.com. Our aim is to find successful traders on Forex and CFD who we provide with our company capital when they meet our conditions. The testing of traders is performed through a demo account which we call the Challenge. Why to trade for us? Receive funding up to 40 000 USD, you keep 70 % of profits, we cover the losses. In this thread we will share articles about trading, news about the company and the most importantly we will answer all your...
anybody ever blew their real funded ftmo account? Because im about to blow mine just wondering if i can still trade for them doing a new challenge and completing all the steps again?
  • #1,953
  • Jun 16, 2020 1:19pm Jun 16, 2020 1:19pm
Quoting Jacobvl
{quote} anybody ever blew their real funded ftmo account? Because im about to blow mine just wondering if i can still trade for them doing a new challenge and completing all the steps again?
Yes you can
  • #1,954
  • Jun 17, 2020 2:13am Jun 17, 2020 2:13am
Quoting Jacobvl
{quote} anybody ever blew their real funded ftmo account? Because im about to blow mine just wondering if i can still trade for them doing a new challenge and completing all the steps again?
If you are still in the game, I would really consider using that margin protector EA that I posted the link to above. I've been testing it on the demo and it's really good
  • #1,955
  • Jun 17, 2020 3:27am Jun 17, 2020 3:27am
Quoting Jacobvl
{quote} anybody ever blew their real funded ftmo account? Because im about to blow mine just wondering if i can still trade for them doing a new challenge and completing all the steps again?
You will have to requalify by a new challenge and verification.
Regards
maahome
  • #1,956
  • Jun 17, 2020 4:07am Jun 17, 2020 4:07am
Quoting Mtinifx
{quote} If you are still in the game, I would really consider using that margin protector EA that I posted the link to above. I've been testing it on the demo and it's really good
I dont think it would help if the server was having issues but sounds like a good app to have so you dont have to 'worry' so much
  • #1,957
  • Jun 17, 2020 4:09am Jun 17, 2020 4:09am
Quoting Jacobvl
{quote} anybody ever blew their real funded ftmo account? Because im about to blow mine just wondering if i can still trade for them doing a new challenge and completing all the steps again?
I would assume people have. If you look at youtube you will have many people talk about the challenge but then you dont hear about their funded account ... but thats the way with trading and social media - people post their wins and dont post their losses so much.

Even thou we are all concentrating on the challenge - the real game is the real account.
  • #1,958
  • Jun 17, 2020 4:10am Jun 17, 2020 4:10am
Quoting Swing4Fence
I think we all discovered good practice to place small lot trade, to test if servers ok before going all in, until everything gets sorted out.
With an account name like sing4fence - you wouldnt think you could place small lot size trades
  • #1,959
  • Jun 17, 2020 5:59am Jun 17, 2020 5:59am
Quoting Mtinifx
{quote} If you are still in the game, I would really consider using that margin protector EA that I posted the link to above. I've been testing it on the demo and it's really good
You may want to check with FTMO - I seem to recall reading that a hedged trade does not offset the daily loss (I may be wrong but better to be safe than sorry).

Cheers
maahome
  • #1,960
  • Jun 17, 2020 6:22am Jun 17, 2020 6:22am
Quoting Zuke
First Challenge passed! +4% on the second and haven't started the third yet. In hindsight, doing 3 at the same time without a copier was not advisable. Still, pleased with my progress so far and very happy with FTMO. {image} {image}
Second Challenge passed! This has been a good trading week for me. Ill start on the 3rd Challenge account tomorrow.
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