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FTMO - For serious traders

  • #3,181
  • Sep 2, 2020 8:06am Sep 2, 2020 8:06am
Quoting fx11trade
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.
No.
  • #3,182
  • Sep 2, 2020 8:11am Sep 2, 2020 8:11am
Quoting Cryptosurf
{quote} 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.

They are operating their own trading server with a single LP (Lmax) you can call them what you want, if I was sitting at a prop desk and made money and they turned around and said "no you cant have your money due to our error" i'd be pissed. I know they aren't a broker or at least aren't a broker yet. But they released this new server very poorly and it caused problems. I am waiting to see how they rectify the matters, but their XTI prices aren't even real, its like they are feeding into a buy side only book and the price is off market heavily.
  • #3,183
  • Sep 2, 2020 8:22am Sep 2, 2020 8:22am
Quoting Takisd
{quote} They are operating their own trading server with a single LP (Lmax) you can call them what you want, if I was sitting at a prop desk and made money and they turned around and said "no you cant have your money due to our error" i'd be pissed. I know they aren't a broker or at least aren't a broker yet. But they released this new server very poorly and it caused problems. I am waiting to see how they rectify the matters, but their XTI prices aren't even real, its like they are feeding into a buy side only book and the price is off market heavily....
Granted the rollout was a mess. It also doesn’t mean that they have an obligation to pay out to anyone who exploited it.
Trade with confidence, trade without fear.
  • #3,184
  • Sep 2, 2020 8:30am Sep 2, 2020 8:30am
Quoting Cryptosurf
{quote} Granted the rollout was a mess. It also doesn’t mean that they have an obligation to pay out to anyone who exploited it.

I don't think anyone has accused them of exploiting it from what I read it says they failed to copy the trades and used the server rollout as the reasoning.

Crude currently ticking 75 on real market, 95 on ftmo.. thats 20 ticks difference. AHHH
  • #3,185
  • Sep 2, 2020 8:40am Sep 2, 2020 8:40am
Quoting Takisd
{quote} I don't think anyone has accused them of exploiting it from what I read it says they failed to copy the trades and used the server rollout as the reasoning. Crude currently ticking 75 on real market, 95 on ftmo.. thats 20 ticks difference. AHHH
FTMO stayed explicitly there was a data feed delay and people where indeed exploiting it.
Trade with confidence, trade without fear.
  • #3,186
  • Sep 2, 2020 8:50am Sep 2, 2020 8:50am
Quoting Cryptosurf
{quote} FTMO stayed explicitly there was a data feed delay and people where indeed exploiting it.
I will wait to see how it is resolved. Either way, daniel savage and raul are garbage humans with their instagram bullshit and fake ghetto attitudes.
  • #3,187
  • Sep 2, 2020 8:59am Sep 2, 2020 8:59am
Quoting Takisd
{quote} I will wait to see how it is resolved. Either way, daniel savage and raul are garbage humans with their instagram bullshit and fake ghetto attitudes.
And that I have to agree 100%

Cheers
Trade with confidence, trade without fear.
  • #3,188
  • Sep 2, 2020 9:01am Sep 2, 2020 9:01am
Quoting Cryptosurf
{quote} FTMO stayed explicitly there was a data feed delay and people where indeed exploiting it.
On top of that, funded traders have explicitly agreed that they should not have any activity that could fall outside the "Trading according to a real market’ rule.
It's obvious to me that exploiting a technical glitch for their own benefit at the expense of the company is a breach of that rule.
  • #3,189
  • Sep 2, 2020 9:32am Sep 2, 2020 9:32am
I wonder how they can demostrate arbitrage. Because if problem is data delay then everybody were trading are guilty, even if they are coping trades from another broker ( using EA for example )
Try don't lose pants never...
  • #3,190
  • Sep 2, 2020 10:18am Sep 2, 2020 10:18am
Missed the oil move and in a dow move now waiting for it to run for 29000 which now its nto looking like it will. That move would have put me over the challenge requirement
  • #3,191
  • Sep 2, 2020 11:29am Sep 2, 2020 11:29am
Lamboraul got his account back and will get his profit etc. They did some sort of scalping check on it or something i dno. Daniel savage is still being a dick about it and raul is claiming he never said ftmo was a scam. All typical childish tantrum shit.
  • #3,192
  • Sep 2, 2020 11:43am Sep 2, 2020 11:43am
Quoting Takisd
Lamboraul got his account back and will get his profit etc. They did some sort of scalping check on it or something i dno. Daniel savage is still being a dick about it and raul is claiming he never said ftmo was a scam. All typical childish tantrum shit.
Curious where you saw this. Private group chat?
Trade with confidence, trade without fear.
  • #3,193
  • Sep 2, 2020 11:49am Sep 2, 2020 11:49am
Quoting Cryptosurf
{quote} Curious where you saw this. Private group chat?
daniel savages instagram and rauls instagram.
  • #3,194
  • Sep 2, 2020 12:03pm Sep 2, 2020 12:03pm
Looks like resolution has occurred, just saw this:
Attached Image (click to enlarge)
Click to Enlarge Name: 17C08E6D-B73B-453D-9CF7-F84ED7017A28.jpeg Size: 386 KB
  • #3,195
  • Sep 2, 2020 12:07pm Sep 2, 2020 12:07pm
I think it was fairly certain that FTMO were gonna settle that case given the publicity this incident had.


While my opinion is that they do not copy all traders (if any), I think I am gonna give them a try as they do seem to pay out and settle all of the cases I've read about (so far).


PS: Hi everyone
  • #3,196
  • Sep 2, 2020 12:10pm Sep 2, 2020 12:10pm
"thank you for brigading a company for me local minions"....
  • #3,197
  • Sep 2, 2020 12:13pm Sep 2, 2020 12:13pm
Quoting Takisd
{quote} daniel savages instagram and rauls instagram.
Thanks, that was painful to watch tho. Those two are the master level buffoons.
Trade with confidence, trade without fear.
  • #3,198
  • Sep 2, 2020 12:14pm Sep 2, 2020 12:14pm
Quoting Cryptosurf
{quote} Thanks, that was painful to watch tho. Those two are the master level buffoons.
They are rich kids thinking they are intelligent... a lot of people who are poor but speak their lingo follow them for their magic signals and stuff.
  • #3,199
  • Sep 2, 2020 1:06pm Sep 2, 2020 1:06pm
have managed huge growth in my 50 k demo account today without much floating.

Floating was limited to 1350 $.

Profit today is 4440 $.

Encouraging sign.
Intraday only.
  • #3,200
  • Sep 2, 2020 1:21pm Sep 2, 2020 1:21pm
Does anyone have any update from FTMO regarding when the server issues will be resolved?

I sent an email to FTMO support two days ago regarding the issues but haven't got any reply from them yet. This is the first time I contact FTMO support so I have no idea how long it usually takes for them to respond to a user query.
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