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FTMO - For serious traders

  • #2,121
  • Jul 3, 2020 7:04am Jul 3, 2020 7:04am
Quoting eztrader1
BASIS trading buying SPOT and selling FUTURES or vv is a highly risk controlled strategy is it ALLOWED on FTMO ??? which FTMO brokers offer SPOT AND FUTURES contracts???
Easy, just follow the link and browse through you will be surprised how easy to find info.
https://ftmo.com/en/forex-brokers-review/
on a postive roll...
  • #2,122
  • Jul 3, 2020 7:33am Jul 3, 2020 7:33am
Quoting Masterrmind
{quote} Some of the YouTube videos show drawdowns very close to 10% ending successfully and your account is no where near as close as that so certainly it can be done. You got this mate. Masterrmind .........
thanks mate the grind continues my last day is 9th August lets see what happens

Quoting Masterrmind
{quote} Clearly you deserve the motivation especially considering the fact that you show a TE outlining your trading progress. Kudos to you. Masterrmind..........
i appreciate that mate trying to keep it transparent even to the point of i was to get through i would show the withdrawals more of a feedback for FTMO really...
  • #2,123
  • Edited 9:10am Jul 3, 2020 8:50am | Edited 9:10am
Quoting Phylo
{quote} Please review the below images - this was addressed at length before (below link) and FTMO is familiar with the problem. {image} {image}The current exchange rate GER30.lmax and DAX.lmax (EUR) against deposit currency USD -> USD:EUR - 1:1.11954 or 1.11954 tv not USD:USD - 1:1 or 1.00000 tv. Therefore the calculation in the image should be 1.00 lots x 10 points x 1.11954 tv = USD 11.1954 = USD 11.20 not USD 10.00 Note: the indicator tool used in the image automatically determined the deposit currency (in this instance USD) and the broker allocated...
By way of record - spreads & costs (typical EU-UK-US sessions)

GER30.lmax (LMAX): BST 14:40 - CEST 15:40 (variable spread)
Attached Image
[DAX30] - ECN (AM Zero.MT4) BST 14:40 - CEST 15:40 (fixed spread)
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TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #2,124
  • Jul 3, 2020 10:33am Jul 3, 2020 10:33am
Quoting Rmg
{quote} Easy, just follow the link and browse through you will be surprised how easy to find info. https://ftmo.com/en/forex-brokers-review/


You could be happy, if it was that EASY. Most of the contracts shown are pure SPOT contracts, NO INDICATION about futures at all.

ADDITIONALLY FTMO is the "owner" of the broker account, so the "equipement" of the account is to the full discretion of FTMO. Logically
there won't be more contracts in a FTMO account, but there could be always less. Especially considering brokers on this list like Blackwell, offering
perhaps 40 fx crosses, 10 index cfds and 4 to 5 commodities, and that all on SPOT.

Everybody knows that CMC prides itself to offer 9300+ instruments. But nobody knows what you find in a FTMO-CMC account.


THEREFORE be so kind to help with specific and adequate information otherwise do not waste place in the forum. Thanks
  • #2,125
  • Jul 3, 2020 10:56am Jul 3, 2020 10:56am
Quoting eztrader1
{quote} You could be happy, if it was that EASY. Most of the contracts shown are pure SPOT contracts, NO INDICATION about futures at all. ADDITIONALLY FTMO is the "owner" of the broker account, so the "equipement" of the account is to the full discretion of FTMO. Logically there won't be more contracts in a FTMO account, but there could be always less. Especially considering brokers on this list like Blackwell, offering perhaps 40 fx crosses, 10 index cfds and 4 to 5 commodities, and that all on SPOT. Everybody knows that CMC prides itself to offer...
I am being kind man, people are lazy to look up, I for one, love to trade futures but not avail with FTMO.
I am brain fried here reading the rest of your post.
Good Luck
on a postive roll...
  • #2,126
  • Jul 3, 2020 12:28pm Jul 3, 2020 12:28pm
Yep - the Lmax spread on Gold is acceptable although it never seems to float in the trader's favour!

Other spreads are about the worst I've seen so far in the market.

Well I'm afraid I blew my account. Of course I'm not blaming FTMO for that however I do think that the two stage process is long winded and difficult as many are finding out! If I do try again I will go with their main competitor (who I will not name for fear of getting stomped on again) who offer a 100k challenge for a much more reasonable price, offer a one stage verification, and offer much higher loss limits.

The daily loss limit is the main pitfall for sure and the main cause of people losing their hard earned money. Because even if one is not hitting it, one can become terrified to over-leverage in case one does. And you have to remember that this is a problem that is going to be with you FOREVER!

I would love to know the actual statistics of the ratio between those who succeed and those who fail. Wouldn't be surprised if it reflects the normal FX situation - 90 - 95% ??
  • #2,127
  • Jul 3, 2020 12:33pm Jul 3, 2020 12:33pm
Quoting Mtinifx
Yep - the Lmax spread on Gold is acceptable although it never seems to float in the trader's favour! Other spreads are about the worst I've seen so far in the market. Well I'm afraid I blew my account. Of course I'm not blaming FTMO for that however I do think that the two stage process is long winded and difficult as many are finding out! If I do try again I will go with their main competitor (who I will not name for fear of getting stomped on again) who offer a 100k challenge for a much more reasonable price, offer...
Sorry to hear you blew the account mate
  • #2,128
  • Edited 5:09pm Jul 3, 2020 3:52pm | Edited 5:09pm
Quoting Mtinifx
Well I'm afraid I blew my account. Of course I'm not blaming FTMO for that however I do think that the two stage process is long winded and difficult as many are finding out!

I would love to know the actual statistics of the ratio between those who succeed and those who fail. Wouldn't be surprised if it reflects the normal FX situation - 90 - 95% ??
Sorry to hear that Mtinifx..
Seems the trick is finding a program/company that best aligns with trading style (which it sounds like you may have found it)
Deeply feel the primary reason I’ve been successful with Ftmo, is due to my system already mirroring what they want: DD, Max Loss etc. The stopwatch is what had my head spinning in Challenge & Verification.
  • #2,129
  • Jul 3, 2020 6:05pm Jul 3, 2020 6:05pm
Quoting Mtinifx
Yep - the Lmax spread on Gold is acceptable although it never seems to float in the trader's favour! Other spreads are about the worst I've seen so far in the market. Well I'm afraid I blew my account. Of course I'm not blaming FTMO for that however I do think that the two stage process is long winded and difficult as many are finding out! If I do try again I will go with their main competitor (who I will not name for fear of getting stomped on again) who offer a 100k challenge for a much more reasonable price, offer...
I think the FTMO crew mentioned that about 8% make it through but that doesn't tell anywhere near the whole story such as of those that do make it what is the average holding time of a funded account.

More statistics are needed in this space but unlikely to be provided any time soon.

My perspective is that the vast majority fail and of the successful ones only a very few hold onto the funded account for more than 6 months.

In fact I am yet to hear of a trader holding onto the original funded account more than just a few months.

Best wishes with your next venture and sorry to hear it didn't work out for you.

Masterrmind ..........
Master your Mind then Master your Trades
  • #2,130
  • Jul 3, 2020 9:52pm Jul 3, 2020 9:52pm
Quoting Mtinifx
Yep - the Lmax spread on Gold is acceptable although it never seems to float in the trader's favour! Other spreads are about the worst I've seen so far in the market. Well I'm afraid I blew my account. Of course I'm not blaming FTMO for that however I do think that the two stage process is long winded and difficult as many are finding out! If I do try again I will go with their main competitor (who I will not name for fear of getting stomped on again) who offer a 100k challenge for a much more reasonable price, offer...
Otaka actually covers this in one of the interview. Only about 8% succeed.
  • #2,131
  • Edited Jul 4, 2020 12:33am Jul 3, 2020 11:22pm | Edited Jul 4, 2020 12:33am
Seems the 8% (that post online) are making pretty good money. I imagine within the 8% those that have been with Ftmo 1yr+ are making big money, if they leverage scaling plan. This guy posted his last 2 withdrawals, but these are in line with 100-200k if at 10% monthly:

https://www.instagram.com/tv/B-uqCqw...=1ql3v2lk94va7
  • #2,132
  • Jul 4, 2020 3:14am Jul 4, 2020 3:14am
Quoting Swing4Fence
Seems the 8% (that post online) are making pretty good money. I imagine within the 8% those that have been with Ftmo 1yr+ are making big money, if they leverage scaling plan. This guy posted his last 2 withdrawals, but these are in line with 100-200k if at 10% monthly: https://www.instagram.com/tv/B-uqCqw...=1ql3v2lk94va7
I've been following this guy on IG well before he started with FTMO i believe he's pretty legit, really only exclusively trades indices due to the volatility and quick cash (if you know what your doing)
  • #2,133
  • Jul 4, 2020 5:55am Jul 4, 2020 5:55am
Thanks to everyone for your kind words of consolation. I must say it's a great thread to follow - nice people! Even if one is no longer an FTMO trader
  • #2,134
  • Jul 4, 2020 6:02am Jul 4, 2020 6:02am
Quoting leweg1
{quote} I've been following this guy on IG well before he started with FTMO i believe he's pretty legit, really only exclusively trades indices due to the volatility and quick cash (if you know what your doing)

I checked his results. Yes looks legit. But I don't see any updates since April. Is he still going strong?

Does show what is possible I suppose! Noticed that some of his trades were quite high leverage. One for 6 lots which on SP500 would very quickly result in a couple of grand or more as long as one is trading in the right direction!
  • #2,135
  • Jul 4, 2020 6:09am Jul 4, 2020 6:09am
Quoting Mtinifx
{quote} I checked his results. Yes looks legit. But I don't see any updates since April. Is he still going strong? Does show what is possible I suppose! Noticed that some of his trades were quite high leverage. One for 6 lots which on SP500 would very quickly result in a couple of grand or more as long as one is trading in the right direction!
i believe he is still going, but been tied up with moving into new house. But will follow to see how he gets on.
  • #2,136
  • Edited 4:14pm Jul 4, 2020 3:18pm | Edited 4:14pm
I cleared 4 Verifications. Looking forward to the real challenge.
also cleared 5%ers...waiting for the days to pass.
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Determination + Persistence = Success
  • #2,137
  • Jul 4, 2020 3:44pm Jul 4, 2020 3:44pm
Quoting SKLearn
I cleared 4 c&v. looking forward to the real challenge. also cleared 5%ers...waiting for the days to pass. {image} {image}
congratulations mate! although i though they only let traders have 3 100k accounts not 4?
  • #2,138
  • Jul 4, 2020 3:59pm Jul 4, 2020 3:59pm
Quoting leweg1
{quote} congratulations mate! although i though they only let traders have 3 100k accounts not 4?
Thank you.
I was told that 4th one will be on hold...if I exhausted one, I can use that one... looks like I got a spare.
Determination + Persistence = Success
  • #2,139
  • Jul 4, 2020 4:00pm Jul 4, 2020 4:00pm
What will happen if you have more than 300K in verification?
  • #2,140
  • Edited 7:04pm Jul 4, 2020 6:54pm | Edited 7:04pm
Quoting sampat
What will happen if you have more than 300K in verification?
Max 300k. See SKLearn’s response. If one live account breaks rules, there is a backup to replace. I’ve heard others decline the challenge refund on 1st initial payout, for the purpose of purchasing another challenge to have as a backup in case of failure (correct me if wrong, but I understand unlimited challenges purchased/passed are allowed - which seems to be a smart Plan B). However, I wonder how a failed account would impact overall scaling progress? My assumption is each account treated individually, which may present risk combining to 300k. Combining is still my plan, as easier to manage.
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