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FTMO - For serious traders

  • #3,301
  • Sep 7, 2020 9:08pm Sep 7, 2020 9:08pm
Quoting mizi123
{quote} Gaps and lotsize has killd you... also you can chek a account metrix maybe for some moment price has gone there and have turned back... and thats it game is over
I think this is likely correct...
large spreads at rollover, especially weekends, plus large lots will spike the daily loss to surprisingly high levels...
  • #3,302
  • Sep 8, 2020 1:11am Sep 8, 2020 1:11am
Quoting doyathink
{quote} I think this is likely correct... large spreads at rollover, especially weekends, plus large lots will spike the daily loss to surprisingly high levels...
The PROBLEM has been solved guys. Team FTMO was very polite from the start and I’m back to trading again
  • #3,303
  • Sep 8, 2020 1:59am Sep 8, 2020 1:59am
hi, i sent a contact form i also posted on the latest youtube video of yours dear FTMO

fix your spread, this is getting ridiculous, after london close the GBPUSD spread got to 7 pips, eurusd at 2 pips now they are both at 1 pip just before london open.

THIS IS ABSURD + commition? you want us to fail or what?

i am on a funded acount + passing the second challenge but with this spread my 1m trades are gone, i cant go below 15m to trade, so i get less setups. i was geting 2-3 setups a day and now i barelly get 1 good setup.

get ic markets raw acount spread, its the best.

FIX THIS ASAP,
offering my system to copy trade. check my link
  • #3,304
  • Sep 8, 2020 6:59am Sep 8, 2020 6:59am
Anyone else's client metrix not updating? Mine hasn't updated since Friday, and its way behind.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-09-08 at 08.57.33.png Size: 16 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #3,305
  • Sep 8, 2020 7:15am Sep 8, 2020 7:15am
Quoting mrdfx
Anyone else's client metrix not updating? Mine hasn't updated since Friday, and its way behind. {image}

Same since Friday. Mine is the trial version but I think the client area is the same for everyone as well as the server.

While I have the indicator to monitor everything from my end, I hope it is gonna be sorted soon as I can only imagine the problems this leads to both FTMO and customers trying to prove their opposite points, fail/pass.
  • #3,306
  • Sep 8, 2020 7:15am Sep 8, 2020 7:15am
Quoting nikosk0
hi, i sent a contact form i also posted on the latest youtube video of yours dear FTMO fix your spread, this is getting ridiculous, after london close the GBPUSD spread got to 7 pips, eurusd at 2 pips now they are both at 1 pip just before london open. THIS IS ABSURD + commition? you want us to fail or what? i am on a funded acount + passing the second challenge but with this spread my 1m trades are gone, i cant go below 15m to trade, so i get less setups. i was geting 2-3 setups a day and now i barelly get 1 good setup. get ic markets raw acount...

Wow I don't understand why I'm not experiencing this spread issue.
The spreads I get on the FTMO mt4 platform are even better than my Global Prime Live account which has one of the best.

Could it be that you're using the old server?
  • #3,307
  • Sep 8, 2020 7:30am Sep 8, 2020 7:30am
Quoting Koop
{quote} Wow I don't understand why I'm not experiencing this spread issue. The spreads I get on the FTMO mt4 platform are even better than my Global Prime Live account which has one of the best. Could it be that you're using the old server?
I am in verification stage, and yes my spreads are better than any of my 5 other live broker accounts. Obviously, there must be an issue with different feeds/ servers. As i posted previously, although I had updated and was using new server at the end of my challenge, I didn't see the instruments WITHOUT the .lmax until I started verification. My guess is your server/feed doesn't actually update mid-stage.
  • #3,308
  • Sep 8, 2020 7:43am Sep 8, 2020 7:43am
Quoting Koop
{quote} Wow I don't understand why I'm not experiencing this spread issue. The spreads I get on the FTMO mt4 platform are even better than my Global Prime Live account which has one of the best. Could it be that you're using the old server?

i use the "ftmo-server" on funded account. this started happening once i got funded both to the funded account and the 2nd challenge i got. up till then everything was kinda ok. not as good as ic markets but better than most brokers. now its just shit

right now during the overlap my spread on gu is 1-1.3 pips
on my ic markets account, my personal its 0 pips
offering my system to copy trade. check my link
  • #3,309
  • Sep 8, 2020 7:47am Sep 8, 2020 7:47am
Quoting nikosk0
{quote} i use the "ftmo-server" on funded account. this started happening once i got funded both to the funded account and the 2nd challenge i got. up till then everything was kinda ok. not as good as ic markets but better than most brokers. now its just shit right now during the overlap my spread on gu is 1-1.3 pips on my ic markets account, my personal its 0 pips
Yes, something definitely not right. I am on ftmo-server and getting .2 on gbpusd.
  • #3,310
  • Sep 8, 2020 7:48am Sep 8, 2020 7:48am
current spread on gbpusd in FTMO mt4 platform
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 29 KB
Intraday only.
  • #3,311
  • Sep 8, 2020 7:49am Sep 8, 2020 7:49am
Quoting nikosk0
{quote} i use the "ftmo-server" on funded account. this started happening once i got funded both to the funded account and the 2nd challenge i got. up till then everything was kinda ok. not as good as ic markets but better than most brokers. now its just shit right now during the overlap my spread on gu is 1-1.3 pips on my ic markets account, my personal its 0 pips

I'm not sure if you are being ironic or not. If someone is giving you 0 spread during rollover, you are being booked so hard its laughable.

On FTMO the spreads are fixed from before and fine, averaging around .2 on eur/usd, only instrument the spread is poor on is oil, I am about to remove it from my trading list because of it.
  • #3,312
  • Sep 8, 2020 7:52am Sep 8, 2020 7:52am
Quoting Takisd
{quote} I'm not sure if you are being ironic or not. If someone is giving you 0 spread during rollover, you are being booked so hard its laughable. On FTMO the spreads are fixed from before and fine, averaging around .2 on eur/usd, only instrument the spread is poor on is oil, I am about to remove it from my trading list because of it.
Not exactly correct about being booked. IC Markets offers an ECN, commission only account. They are the largest broker in the world by volume (not even close), so quite possible they have the liquidity to see zero or even negative spread during London/NY. However, at rollover, no way spreads are that low unless being booked.
  • #3,313
  • Sep 8, 2020 8:25am Sep 8, 2020 8:25am
Hi all, I'm new here and recently I'm evaluating some prop firms to before committing to one and trying to find out which one suits best my trading style.

I see there's plenty of information on accounts rules however it's hard for me finding good information on tax payments for fees received by prop trading firms.

I live in Italy where profits on your own forex account are taxed by 26% yearly and you can offset your losses up to four years back.

Is there any funded trader here from Italy or at least living in Europe who could tell if they pay tax on amounts received from FTMO as "income from independent activities" or they pay taxes on these amounts classified as "capital gain" ?

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #3,314
  • Sep 8, 2020 8:50am Sep 8, 2020 8:50am
Quoting bubincka
Hi all, I'm new here and recently I'm evaluating some prop firms to before committing to one and trying to find out which one suits best my trading style. I see there's plenty of information on accounts rules however it's hard for me finding good information on tax payments for fees received by prop trading firms. I live in Italy where profits on your own forex account are taxed by 26% yearly and you can offset your losses up to four years back. Is there any funded trader here from Italy or at least living in Europe who could tell if they pay tax...
At 4:15.

Inserted Video
on a postive roll...
  • #3,315
  • Sep 8, 2020 9:38am Sep 8, 2020 9:38am
Quoting Rmg
{quote} At 4:15. https://www.youtube.com/watch?v=7p0BCbCJ44g
Hi Rmg,

unfortunately it's a void answer.

More than from FTMO I'm looking for advice by some fellow trader who has been already funded and pays taxes on fees received, preferably in Europe, top would be in Italy since it's where I live.

Best regards and Green Pips,
Bubincka
Porta itineris dicitur longissima esse
  • #3,316
  • Sep 8, 2020 10:06am Sep 8, 2020 10:06am
Quoting bubincka
Hi all, I'm new here ...
Hi,
you are not a real proptrader. Your trades will be copied. This is of advantage for EU traders. There is no financial market regulation to be observed.
In Germany you are commercially active with business registration as a signal developer and provider with electronical service. The tax is calculated on the basis of personal income.
  • #3,317
  • Sep 8, 2020 10:07am Sep 8, 2020 10:07am
Quoting pipmaster77
{quote} Not exactly correct about being booked. IC Markets offers an ECN, commission only account. They are the largest broker in the world by volume (not even close), so quite possible they have the liquidity to see zero or even negative spread during London/NY. However, at rollover, no way spreads are that low unless being booked.

No they aren't the largest broker in the world..... lol
  • #3,318
  • Sep 8, 2020 10:25am Sep 8, 2020 10:25am
Quoting Takisd
{quote} No they aren't the largest broker in the world..... lol
http://www.wvwv.org/forex-brokers/la...x-brokers.html

You laugh at me....lol, who do you THINK is the largest? Based on what, if not average daily volume?
Attached Image
  • #3,319
  • Sep 8, 2020 10:29am Sep 8, 2020 10:29am
Quoting dexi
{quote} Hi, you are not a real proptrader. Your trades will be copied. This is of advantage for EU traders. There is no financial market regulation to be observed. In Germany you are commercially active with business registration as a signal developer and provider with electronical service. The tax is calculated on the basis of personal income.
Hi dexi,

thank you for your reply.

Understood, I receive a compensation from the prop firm in exchange of a service.
However the point is: how do I pay taxes on these bank transfers to my current account ?

Is this "service" considered an independent activity or do I need to open and operate a company ?

Again, something is coming out, nevertheless is difficult to find info on this argument.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #3,320
  • Sep 8, 2020 10:34am Sep 8, 2020 10:34am
Quoting bubincka
{quote} Hi dexi, thank you for your reply. Understood, I receive a compensation from the prop firm in exchange of a service. However the point is: how do I pay taxes on these bank transfers to my current account ? Is this "service" considered an independent activity or do I need to open and operate a company ? Again, something is coming out, nevertheless is difficult to find info on this argument. Best regards, Bubincka
You are paid as (self employed) independent private contractor. You will provide an invoice to FTMO with a calculation on the split.

A tax pro in your area would be the best to consult. My CPA/Tax Pro advised me on the best way to handle.

Cheers
Trade with confidence, trade without fear.
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