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FTMO - For serious traders

  • #2,341
  • Jul 15, 2020 4:59pm Jul 15, 2020 4:59pm
Quoting Swing4Fence
{quote} Challenge & Verification were beyond tough, mentally systematically and emotionally (at least for me). It will make the reward & feeling of accomplishment all the better when you reach the finish line. We’ll all be here ready to celebrate you. It sounds like you were very close. You’ll get there.
Yeah, hopefully next time.
on a postive roll...
  • #2,342
  • Jul 15, 2020 4:59pm Jul 15, 2020 4:59pm
Hi Guys,

I'm just getting in on this thread.
I heard about FTMO from my buddy a while ago. I have been very skeptical of the business model and the verifiability, especially from a legal protection standpoint.
I'm here to find out from more trusted and experienced FF'ers if FTMO is legit; by that I mean the following;

1. Do they transparently monitor your account through an investor password during the test period.
2. Do they actually allocate money to you after you pass the test period?
3. Do they really split the profits with you? and is there a legal agreement protecting the traders in this case?
4. Is FTMO regulated or licensed anywhere in the world?

I can see their website is Wordpress, and that gives me the chills honestly.

Would appreciate any feedback.
  • #2,343
  • Jul 16, 2020 1:26am Jul 16, 2020 1:26am
Quoting pipsographer
Hi Guys, I'm just getting in on this thread. I heard about FTMO from my buddy a while ago. I have been very skeptical of the business model and the verifiability, especially from a legal protection standpoint. I'm here to find out from more trusted and experienced FF'ers if FTMO is legit; by that I mean the following; 1. Do they transparently monitor your account through an investor password during the test period. 2. Do they actually allocate money to you after you pass the test period? 3. Do they really split the profits with you? and is there...
Dedicate time and read.
This thread will answer all of your questions & more (when new, I took a full Sunday to review and found it really helped). Especially FTMOs Otakar, Thomas & teams responses answering Q&A here.
  • #2,344
  • Jul 16, 2020 6:47am Jul 16, 2020 6:47am
Quoting pipsographer
Hi Guys, I'm just getting in on this thread. I heard about FTMO from my buddy a while ago. I have been very skeptical of the business model and the verifiability, especially from a legal protection standpoint. I'm here to find out from more trusted and experienced FF'ers if FTMO is legit; by that I mean the following; 1. Do they transparently monitor your account through an investor password during the test period. 2. Do they actually allocate money to you after you pass the test period? 3. Do they really split the profits with you? and is there...
1. Yes
2. No
3. Profit split? Yes. Legal protection? No.
4. No.

Read the website and their terms and conditions. You will get more details on each of your questions.
  • #2,345
  • Jul 16, 2020 6:50am Jul 16, 2020 6:50am
Quoting newegg
{quote} 1. Yes 2. No 3. Profit split? Yes. Legal protection? No. 4. No. Read the website and their terms and conditions. You will get more details on each of your questions.
Gracias
  • #2,346
  • Jul 16, 2020 6:50am Jul 16, 2020 6:50am
Quoting Swing4Fence
{quote} Dedicate time and read. This thread will answer all of your questions & more (when new, I took a full Sunday to review and found it really helped). Especially FTMOs Otakar, Thomas & teams responses answering Q&A here.
Gracias
  • #2,347
  • Jul 16, 2020 6:39pm Jul 16, 2020 6:39pm
Guys, I have a question here. When compare to VIDELCREST, lots people said they're scam by putting the 2% max margin rules onto the trader, so many people failed that because it was not clearly mentioned in the front page, only the max daily loss 6.25% or $3125 for the $50k agressive challenge.

Here in FTMO, it also doesn't show the 2% max margin rules anywhere, and in the front page, the max daily loss is 10% or 5000 for the $50k aggressive challenge. I'm wondering if FTMO has some "hidden" rules like the 2% that FIDELCREST.

Because to me, the max ratio of floating loss vs the balance is the number one rule that failed the most people. Can you help to clarify this a bit more please?

Thanks all.
Whatever is happening right now has happened before and will happen again.
  • #2,348
  • Jul 17, 2020 12:39am Jul 17, 2020 12:39am
Quoting mnmnmmnnmnmn
Guys, I have a question here. When compare to VIDELCREST, lots people said they're scam by putting the 2% max margin rules onto the trader, so many people failed that because it was not clearly mentioned in the front page, only the max daily loss 6.25% or $3125 for the $50k agressive challenge. Here in FTMO, it also doesn't show the 2% max margin rules anywhere, and in the front page, the max daily loss is 10% or 5000 for the $50k aggressive challenge. I'm wondering if FTMO has some "hidden" rules like the 2% that FIDELCREST. Because to me, the...
Researched a lot regarding the rules in comparison to competition. FTMO is very transparent, what you see/read is it. No hidden rules. Read through thread - there are some nuisances I personally misunderstood from the get go, however thread cleared it up.
  • #2,349
  • Jul 17, 2020 1:16am Jul 17, 2020 1:16am
Inserted Video


Thread: Cleared FTMO Challenge and Verification with CITRA BOT
https://www.forexfactory.com/showthread.php?t=1012977
  • #2,350
  • Jul 17, 2020 2:36am Jul 17, 2020 2:36am
Quoting Swing4Fence
{quote} Researched a lot regarding the rules in comparison to competition. FTMO is very transparent, what you see/read is it. No hidden rules. Read through thread - there are some nuisances I personally misunderstood from the get go, however thread cleared it up.
Yeah, im currently doing some free trials. this month end i'll get my hand on it. Thanks bud.
Whatever is happening right now has happened before and will happen again.
  • #2,351
  • Jul 17, 2020 5:57am Jul 17, 2020 5:57am
Attached Image (click to enlarge)
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Hey guys, Just wanted to double check, it is only the restricted events I am not allowed to trade right? all the others are fine?
  • #2,352
  • Jul 17, 2020 5:58am Jul 17, 2020 5:58am
Quoting mnmnmmnnmnmn
Guys, I have a question here. When compare to VIDELCREST, lots people said they're scam by putting the 2% max margin rules onto the trader, so many people failed that because it was not clearly mentioned in the front page, only the max daily loss 6.25% or $3125 for the $50k agressive challenge. Here in FTMO, it also doesn't show the 2% max margin rules anywhere, and in the front page, the max daily loss is 10% or 5000 for the $50k aggressive challenge. I'm wondering if FTMO has some "hidden" rules like the 2% that FIDELCREST. Because to me, the...

From my observation and research, I can confidently say Fidelcrest is a scam. I really believe it is an operation ran by the 'Martin'. Read beyond their website and you will likely arrive at the same conclusion.
  • #2,353
  • Jul 17, 2020 6:22am Jul 17, 2020 6:22am
Yes 'Martin' is the chief cook AND bottlewasher!
  • #2,354
  • Jul 17, 2020 7:14am Jul 17, 2020 7:14am
Quoting akamrp
{image} Hey guys, Just wanted to double check, it is only the restricted events I am not allowed to trade right? all the others are fine?
that is correct.
  • #2,355
  • Jul 17, 2020 7:26am Jul 17, 2020 7:26am
so i know i failed the verification but i just wanted to see if i could get my account back to where i started (just a bit of fun really)

Typical aye? lol
Attached Image (click to enlarge)
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  • #2,356
  • Jul 17, 2020 7:36am Jul 17, 2020 7:36am
Do FTMO limit some trading styles like scalping or swing trading?
  • #2,357
  • Jul 17, 2020 7:37am Jul 17, 2020 7:37am
Quoting Mgig
Do FTMO limit some trading styles like scalping or swing trading?
https://ftmo.com/en/faq/which-instru...llowed-to-use/
  • #2,358
  • Jul 17, 2020 7:53am Jul 17, 2020 7:53am
Quoting leweg1
{quote} https://ftmo.com/en/faq/which-instru...llowed-to-use/
Thank you
  • #2,359
  • Jul 17, 2020 7:55am Jul 17, 2020 7:55am
Quoting leweg1
so i know i failed the verification but i just wanted to see if i could get my account back to where i started (just a bit of fun really) Typical aye? lol {image}
Sorry mate . You’re gonna do better next time .. I like your trading style
  • #2,360
  • Jul 17, 2020 12:37pm Jul 17, 2020 12:37pm
Personally, I will not use FidelCrest.
Determination + Persistence = Success
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