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FTMO - For serious traders

  • #3,161
  • Sep 1, 2020 11:33pm Sep 1, 2020 11:33pm
This is what I can see if logging in with my 14 days trial account.
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  • #3,162
  • Sep 2, 2020 1:15am Sep 2, 2020 1:15am
Quoting Xxyy
{quote} Just figured out the reason why I don't have .lmax quoted pairs is probably that my challenge account is new (I just had that account yesterday after making my payment and has not placed any trade yet). If I log in with my 14 days trial account, I can see .lmax quoted pairs. However, with my new challenge account, I don't see them. They are not even in the Symbols menu. {image}
Same here, I opened a new Challenge account yesterday and my symbols list is the same as yours: no .lmax suffixed pairs.
I am glad to see the back of suffixes, but I feel for those caught up in this botched migration.
Always read Post #1
  • #3,163
  • Sep 2, 2020 1:57am Sep 2, 2020 1:57am
Looks like FTMO are up to no good here!
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  • #3,164
  • Sep 2, 2020 2:13am Sep 2, 2020 2:13am
I think they're just trying to find out who used their lagging issues to frontrun their prices and get an advantage that can't be replicated by their copier system.
  • #3,165
  • Sep 2, 2020 2:22am Sep 2, 2020 2:22am
Quoting tradista
I think they're just trying to find out who used their lagging issues to frontrun their prices and get an advantage that can't be replicated by their copier system.
Exactly these social media clowns are just trying to get more clout acting like overdramatic fools.

Give ftmo some time ffs. Talk about biting the hand that feeds you. They should just ban him after this he doesn't deserve this opportunity if he's going to jump to conclusions so fast.
  • #3,166
  • Sep 2, 2020 2:26am Sep 2, 2020 2:26am
Quoting tradista
I think they're just trying to find out who used their lagging issues to frontrun their prices and get an advantage that can't be replicated by their copier system.
That's exactly what's happening. To sum it up, they are accusing him of intentional arbitrage. I do think their tone implies guilt though. The whole "risk free" is ridiculous, how does the funded trader know your copy software got bugged just from the server lag. This is where their transparency can avoid conflict, show how much you made and give 70% of that amount instead.

And I think Raul is being a bit dramatic without seeing the end result, especially since he said they've always paid him, so that looks awfully like guilt! Stop being so immature and just see where it ends up, then flip s**t if necessary.

He's also a bit full of himself to say its cause payout is the 27th, lol. He could also easily lose it.
The best strategy is a profitable one.
  • #3,167
  • Sep 2, 2020 3:01am Sep 2, 2020 3:01am
Yeah, no drama is enough for the audience and the show!!
  • #3,168
  • Sep 2, 2020 3:20am Sep 2, 2020 3:20am
Well frankly I don't see anything wrong with his trades whatsoever! Are they really copy trading? If they are and the copy trade facility did not work properly after the change over, it's a bit rich to penalise this chap.

Anyway I notice that 1 lot on Gold is now 1 lot and no longer 1 mini-lot. Got quite a shock when I opened 10 lot trade this morning on my trial account
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  • #3,169
  • Sep 2, 2020 3:42am Sep 2, 2020 3:42am
Quoting Mtinifx
Well frankly I don't see anything wrong with his trades whatsoever! Are they really copy trading? If they are and the copy trade facility did not work properly after the change over, it's a bit rich to penalise this chap. Anyway I notice that 1 lot on Gold is now 1 lot and no longer 1 mini-lot. Got quite a shock when I opened 10 lot trade this morning on my trial account {image}
Nice, this worked well for you in gold.

Agree that those IG boys did nothing wrong, since he made profits before. They are overly dramatic, but can't say that they are guilty.

And honestly, if it was other way around, and his orders were not honored (due to outage, freeze, broken data feed) I am not so sure
FTMO would accept that and recuperate losses.

Hope that FTMO stops making mistakes like this, they are best buy as for terms in FX prop.
  • #3,170
  • Sep 2, 2020 4:05am Sep 2, 2020 4:05am
Quoting leweg1
Looks like FTMO are up to no good here! {image} {image} {image} {image} {image} {image} {image} {image}
Despite all, he is an idiot no good trader in the longer term!!
That's what it shows.
on a postive roll...
  • #3,171
  • Sep 2, 2020 4:07am Sep 2, 2020 4:07am
In corporate world, intentionally stealing from own company equals at least to be fired...
  • #3,172
  • Sep 2, 2020 4:22am Sep 2, 2020 4:22am
I think FTMO makes things unnecessarily complex for themselves by this copy-trading nonsense.

Why not just allow the traders who passed the Challenge to trade live? I'm probably dense but up to now, I still don't get the reasoning behind this.
Amor Fati--F. Nietzsche
  • #3,173
  • Sep 2, 2020 5:31am Sep 2, 2020 5:31am
Quoting doji
I think FTMO makes things unnecessarily complex for themselves by this copy-trading nonsense. Why not just allow the traders who passed the Challenge to trade live? I'm probably dense but up to now, I still don't get the reasoning behind this.
I don't think they copy every 'live' trader's trades. They probably want to see some sort of a track record (6-12 months perhaps). Maybe they keep paying you 70% of your profits each month from failed challenge fees until they decide to actually copy you. Just surmising here.
  • #3,174
  • Sep 2, 2020 6:54am Sep 2, 2020 6:54am
Quoting MoneyZilla
Anyone knows, if my friend from this post have already started to make 20k a month, thus keeping 14k a month for him explicitly?
Don't be mean, it's stupid.

Even if he had purchased the challenge the very day that he posted the above, hew would still not have qualified for funding by now due to the rules governing number of days traded.

So your mean, sarcastic snide is uncalled for.
  • #3,175
  • Sep 2, 2020 7:02am Sep 2, 2020 7:02am
As much as it pains me to say this because Lamboraul and Daniel savage are scammy fucks, they do have a case on this one. FTMO doesn't look like a scam to me, but, they handled this very poorly and just saying "oh yeh, bad luck no profit for you and you're suspended" makes no sense. There has to be more to the story than that. Why would you suspend him when its just a copy malfunction? Fix the malfunction.

Its also unfair for someone who has been paid every time to start screaming scam because of one mishap, i am sure there would have been a more equitable way to handle it, instead he brigaded them, if I was FTMO I would literally be telling him to fuck off and just continuing on with my business. If the model of FTMO works and its just a genuine tech mishap which is what it looks like, then FTMO would have the last laugh on this one because it won't affect their business or demand long term.
  • #3,176
  • Sep 2, 2020 7:04am Sep 2, 2020 7:04am
Quoting ia1979
{quote} I don't think they copy every 'live' trader's trades. They probably want to see some sort of a track record (6-12 months perhaps). Maybe they keep paying you 70% of your profits each month from failed challenge fees until they decide to actually copy you. Just surmising here.

This would be suicide. I'd say they either A) copy all the trades or b) deal all the trades as a risk book. A) is likely the one that is going to keep them safe in the long run but B could work too but they aren't just watching trades for months and paying out profits whilst they watch that would be so silly.
  • #3,177
  • Sep 2, 2020 7:31am Sep 2, 2020 7:31am
Quoting Takisd
As much as it pains me to say this because Lamboraul and Daniel savage are scammy fucks, they do have a case on this one. FTMO doesn't look like a scam to me, but, they handled this very poorly and just saying "oh yeh, bad luck no profit for you and you're suspended" makes no sense.
That is not what FTMO said at all. You're putting words in their mouth. If those two clowns took advantage of an exploit FTMO has no obligation to honor those trades.

Server lag issues are not that uncommon, it has happen to nearly every broker at one point.

If these two clowns sat at a prop desk and acted the same way, they would have been thrown out the nearest window. And justly deserved it.
Trade with confidence, trade without fear.
  • #3,178
  • Sep 2, 2020 7:46am Sep 2, 2020 7:46am
Quoting Cryptosurf
{quote} That is not what FTMO said at all. You're putting words in their mouth. If those two clowns took advantage of an exploit FTMO has no obligation to honor those trades. Server lag issues are not that uncommon, it has happen to nearly every broker at one point. If these two clowns sat at a prop desk and acted the same way, they would have been thrown out the nearest window. And justly deserved it.

Hmmm, we will have to see. I know that if a broker did this the world would be huffing and puffing at them and filling the internet with scam reports. A prop desk wouldn't have this specific issue because its a different execution model.

I'm not against FTMO at all, I have a lot of understanding for the situation. They jumped into a server switch and weren't prepared for it and then this happens. XTI is untradable because its so far offmarket you dont know whether its going to come back to the real market price or they are trading in some sort of underground mispriced oil market.

In the end we will see how this pans out.
  • #3,179
  • Sep 2, 2020 8:03am Sep 2, 2020 8:03am
Quoting Takisd
{quote} Hmmm, we will have to see. I know that if a broker did this the world would be huffing and puffing at them and filling the internet with scam reports. A prop desk wouldn't have this specific issue because its a different execution model. I'm not against FTMO at all, I have a lot of understanding for the situation. They jumped into a server switch and weren't prepared for it and then this happens. XTI is untradable because its so far offmarket you dont know whether its going to come back to the real market price or they are trading in some...
FTMO is a prop firm not a broker. Funded traders sign a contract much like you would at a prop firm. Then you are considered a private contractor trading on a negotiated split.

Server lag issues have happened to nearly every broker at one time. I know of a handful off the the top of my head that have happen in the past.
Trade with confidence, trade without fear.
  • #3,180
  • Sep 2, 2020 8:04am Sep 2, 2020 8:04am
Do you guys have an option to get a free trial using Purple trading? I can only select Lmax.

It's been said by Tomas that you can chose from both in his post

https://www.forexfactory.com/thread/...3#post13140673

Free Trial accounts are available on both FTMO Platform and Purple Trading, so if you want to properly compare conditions of both options, you can do so on Free Trials.
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