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FTMO - For serious traders

  • #3,421
  • Sep 11, 2020 6:55am Sep 11, 2020 6:55am
Quoting Trader4818
Should I do the FTMO challenge?
lol, you're just going to come onto a public forum and ask what to do with YOUR money? Pretty much everyone on here is doing or has passed the challenge. To really answer your question, you have to ask yourself if you're a profitable trader and does your system meet their trading parameters. What FTMO offers is large capital for profitable traders who either are under-capitalized or simply do not wish to invest that amount of capital on their own.
  • #3,422
  • Sep 11, 2020 6:58am Sep 11, 2020 6:58am
Quoting pipmaster77
{quote} lol, you're just going to come onto a public forum and ask what to do with YOUR money? Pretty much everyone on here is doing or has passed the challenge. To really answer your question, you have to ask yourself if you're a profitable trader and does your system meet their trading parameters. What FTMO offers is large capital for profitable traders who either are under-capitalized or simply do not wish to invest that amount of capital on their own.
Sorry I didn't mean to ask a stupid question, I just don't know if I'm ready or not, I've only been trading for 1 month, is this good results? could I pass?
Attached Image
  • #3,423
  • Sep 11, 2020 7:04am Sep 11, 2020 7:04am
Quoting Trader4818
{quote} Sorry I didn't mean to ask a stupid question, I just don't know if I'm ready or not, I've only been trading for 1 month, is this good results? could I pass? {image}

Lmao there's something off about your questions. I can't tell if your trolling or something
  • #3,424
  • Sep 11, 2020 7:25am Sep 11, 2020 7:25am
Quoting Trader4818
{quote} Sorry I didn't mean to ask a stupid question, I just don't know if I'm ready or not, I've only been trading for 1 month, is this good results? could I pass? {image}
I can't tell you if you're trying to show off, that 79% in a month means you are risking WAAAAAAAAAY too much, it is not sustainable and one bad trade will ruin you. So if you are just trolling, I have better things to do with my time.
  • #3,425
  • Sep 11, 2020 11:00am Sep 11, 2020 11:00am
Quoting skyf
{quote} Which other prop firm offers such? I've been searching.

This is the only other viable option IMHO:


https://www.forexfactory.com/thread/...rading-journey
  • #3,426
  • Sep 11, 2020 3:14pm Sep 11, 2020 3:14pm
Inserted Video
  • #3,427
  • Sep 11, 2020 6:01pm Sep 11, 2020 6:01pm
Quoting fx75
https://www.youtube.com/watch?v=8y0HcPPUxCM
Good work so far by this young man to make it to 300K.

First profit split should be very interesting.

Let's hope others can make it too.

Masterrmind ........
Master your Mind then Master your Trades
  • #3,428
  • Sep 11, 2020 6:10pm Sep 11, 2020 6:10pm
Quoting Masterrmind
{quote} Good work so far by this young man to make it to 300K. First profit split should be very interesting. Let's hope others can make it too. Masterrmind ........
yeah... and good luck for you too
  • #3,429
  • Sep 11, 2020 7:13pm Sep 11, 2020 7:13pm
Quoting Trader4818
{quote} Sorry I didn't mean to ask a stupid question, I just don't know if I'm ready or not, I've only been trading for 1 month, is this good results? could I pass? {image}
Hi. My suggestion is to do the trial account, see if you can pass a minimum of 5 times (there's such a thing as "beginner's luck" in trading, you know) and then try the lowest-priced Challenge.

All the best! Let us know what happens...
Amor Fati--F. Nietzsche
  • #3,430
  • Sep 11, 2020 9:07pm Sep 11, 2020 9:07pm
Quoting RSuper
{quote} it was actually max loss lol
Perhaps not dissimilar to our friend Leweg1.

Great risk controller but the losses kept bleeding the account until max loss was hit.

Next time perhaps will be much better.

Masterrmind ........
Master your Mind then Master your Trades
  • #3,431
  • Sep 11, 2020 10:57pm Sep 11, 2020 10:57pm
Quoting Masterrmind
{quote} Perhaps not dissimilar to our friend Leweg1. Great risk controller but the losses kept bleeding the account until max loss was hit. Next time perhaps will be much better. Masterrmind ........
I can relate to this. Almost hit my max dd as well.
adapt or be killed
  • #3,432
  • Sep 12, 2020 12:34am Sep 12, 2020 12:34am
Quoting slappymove
{quote} I can relate to this. Almost hit my max dd as well.
It just goes to show that risk control will get you so far but you still need a winning strategy.

The unfortunate part is that given a different month or period of trading Leweg1 might have breezed through but instead got caught in a losing streak that can play havoc with any trader.

I for one really hope he has another dig at it.

Masterrmind ........
Master your Mind then Master your Trades
  • #3,433
  • Sep 12, 2020 3:03am Sep 12, 2020 3:03am
Awesome results from these girly
Inserted Video
  • #3,434
  • Sep 12, 2020 6:12am Sep 12, 2020 6:12am
Hello everyone,
I hope you have had a great couple of weeks enjoying the last really warm days of summer. I see that the thread is quite alive these days. Welcome to all new traders!
As you have noticed, the server migration caused some technical issues for us and due to that, we were extremely busy to fix everything and to answer all our clients as fast as possible. Due to both the new setup and the technical issues we had to resolve, the number of incoming emails and chats was an order of magnitude larger than our average and that has created a backlog of emails and significant waiting times on our Live Chat. We are returning back to normal again. There were few things that you discussed extensively since we last posted here, so let us first address these:

In regard to the delayed Datafeed that occurred on our Platform on 31st August and few hours of 1st September – We are very sorry that this has happened. We contracted a third party to handle the migration for us and the recommended setup proved to be quite insufficient, causing large delays during the times of large trading activity. The issue has been fixed in morning hours of 1st September and our CEO Otakar was personally handling all the FTMO Traders who were initially flagged as possibly abusing the delayed Datafeed. We have come to an agreement with all our traders. If you have someone intentionally abusing the system and you can’t fix the system immediately, the temporary suspension is the only real way as in the opposite case, you can be losing significant capital quite rapidly. We did not have enough human resource capacity to immediately assess all initially flagged accounts and thus even some traders who we initially thought might have been abusing the system got their account suspended for a few hours to a few days. These were, of course, fully reinstated once the full assessment was done.

The rest of the issues (like the repeating candles or order execution issues) have been solved in the following days and at this time, we know of no broad issue that would be present on our FTMO Platform. We are still encountering isolated issues with some MetriXes not being updated as often as they should. This issue occurs on a tiny minority of all the accounts and we are working on solutions to ensure smooth functionality. If you encounter anything unusual, please report it to us.

Switching old account to new LP Setup: Not all accounts have been switched to the new setup with multiple LPs yet. If you have symbols with .lmax suffixes on any of your accounts and would like to move your account to new LP setup immediately, you can write us an email that you wish to change your setting to the new LP setup and we can make the change for you, providing you have no open positions present at the time.
Lastly, we do not wish to censor the content here but would appreciate if you tried to limit the use of large fonts, vulgarism and personal fights on this thread. We wish for it to remain informative and civil. Thank you!

Now to answer more specific questions and concerns:
Quoting Phylo
{quote}(…) Question 1: any more arrows not listed? Possible answers: No Yes - but its confidential Yes - here is the relevant info Question 2: Which company and when ? Thank you kindly.
Hi Phylo, As said previously, we have moved to multiple LP model, but we actually do not wish to publish all the details as we take it as our competitive advantage. We think it is understandable that we wish for some things to remain our trade secret. Thank you for your understanding.
Quoting fx11trade
{quote}Do you guys have an option to get a free trial using Purple trading?
Hi FX11trade, I confirm that the Free Trials on Purple Trading have been discontinued and are now available only on our FTMO Platform.
Quoting suptre
{quote}Which brokers do you provide?
Hi Suptre, For European traders, FTMO Platform and Purple Trading are the options. For the rest of the world, only FTMO Platform is available. We now offer MT4, MT5 and cTrader on our FTMO Platform with web traders available for each of these trading platforms as well, so we hope that our solution can accommodate most of the traders.
Quoting Maaliktalha
{quote} Hello. I just have a problem with my account metrix. On Friday it was fine but on monday my daily loss just stated -900 which is insane. I made a 19 pound profit and below I have attached some screenshots aswell. In addition to that some of my trades arent uploaded and there is no record of that in my cliet area. But I have screenshots aswell of MT5. I tried contacting thru the livechat but I was always thrown at the end of the queue. Can someone tell me any solution as I still have not got any answer. Hope FTMO solves the case
Hello Maaliktalha, I assume you have reported it already to us at [email protected]. In case you haven’t, please do so. Our system is recording the timestamps of the recorded values of Max Daily Loss and Max Loss and we investigate each reported case. We are calculating the floating P/L of all open positions present at the time of the breach and add them together with the results of the closed trades during the day and make a conclusion based on that. Our system rarely makes mistakes, but we can never rule out a glitch and thus every reported case is calculated by our staff. We will email you the results of the investigation with all the screenshots detailing the positions, calculations, prices at the time and so on to support the outcome of the investigation.
Quoting bubincka
{quote}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...
Hi Bubincka, if you contact us through email, we can send you a sample of the contract we would sign with you prior to providing the FTMO Account for you. The best practice is to show it to your local tax advisor and discuss the necessary taxation with them.[/font][/color]
Company registration: You do not need to register as a company beforehand. Even if you signed the FTMO Contract as a physical person already, we can change it to company registration at any time later on if you provide us with your company details supported by official government documents – company name, address, business number, you showed as an executive and if you plan to charge value-added tax, then also a tax reference number (VAT).
Quoting nikosk0
{quote} mine remain crap on funded account (follow up on old spreads remaining on FTMO Accont)
Hello Nikosk0. Please contact us with a request to have your old account changed to a new LP setup. We have not fully migrated all older accounts but can do so upon your request.
Quoting nikosk0
{quote} some got rejected because he reached the profit target too early. try no to do this, leave a bit open next time and trade micro lots every day this was my last challenge for example (i'll start the 3rd one soon enough after i finish the verification ofthe 2nd, i got the 1st funded account of 100k ) last days i went really slow
It seems you have been misinformed. We never rejected anyone for a reason you described. Even if you make all profits for one day and then trade micro-lots for the rest of the 9 Active Trading Days, we will not reject you as long as you trade in accordance with our rules. As others said here, we really like to go by our rules, and we have no rule that would state that you need to have your profits spread out across the days. Yes, we do like to see trading consistency, but ultimately, we go purely by our rules.
Quoting Phronesis24
{quote}Good day Traders Anyone experiencing server problem? Indices just went blank and lmax indices appeared Is FTMO doing another upgrade?
Hi Phronesis24, I’m not aware of any server issues. Please right-click into your market watch and press show all. That should resolve the issue for you.
Quoting AnRan
{quote} If I'm not mistaken, it's 300k USD max allocation to any trader. You can't scale past 300k either. If you wanted more capital at that point, you'd need to have another prop firm and and use some copy software over to it. And the "accounts in reserve" is pretty funny. I would just use a separate prop firm that is receiving the copied trades from ftmo, but they have less restrictions. For example, they don't have any news trading restrictions. That way if something did go wrong, can just use that other account. Still have income while you...
Hello AnRan, I confirm that the $300k maximum capital allocation to one trader/trading strategy is meant prior to scaling up of the account. There is actually no cap on the scaled-up capital so, in theory, you can grow your $300k account without any limitations with $75k increase every 4 months.

I think that should answer all the raised concerns and questions. Thank you for the mature approach shown on the thread again. Many people online were jumping the guns making quick conclusion without even waiting for our responses, but you showed patience and kept clear minds here. Core skills for every trader.
Wishing you the best of luck with all your trade setups,
Tomas
  • #3,435
  • Sep 12, 2020 6:18am Sep 12, 2020 6:18am
Does anyone know or is there a statistic from FTMO on:

1. Percentage of people passing FTMO Verification and becoming Funded Traders? (I think I saw somewhere that it is 8%)

2. Percentage of Funded Traders violating rules during 1st Month and being disqualified.

3. Percentage of Funded Traders still trading after 3 months with FTMO

4. Number of Funded Traders FTMO has on the books after 3 month of trading. (Ex, 50 Traders, 60, 100 traders)

Tomas from FTMO, if you can answer any of the above please do.
  • #3,436
  • Sep 12, 2020 6:19am Sep 12, 2020 6:19am
Quoting driven18
Does anyone know or is there a statistic from FTMO on: 1. Percentage of people passing FTMO Verification and becoming Funded Traders? (I think I saw somewhere that it is 8%) 2. Percentage of Funded Traders violating rules during 1st Month and being disqualified. 3. Percentage of Funded Traders still trading after 3 months with FTMO 4. Number of Funded Traders FTMO has on the books after 3 month of trading. (Ex, 50 Traders, 60, 100 traders)
Ive read that it’s only about 8% that get funded. I’m a funded trader with a 200k and a separate 100k account. You can go back through this thread and see my journey from challenge through verification and then getting funded.

Since becoming funded, I returned 11.8% in month one of which I received 70% + plus my challenges fee. This is based on the $300k (I use a VPS trade copier). I’m on track to better than in month 2 and I’ll post that return when I get there.

I think you’ll find it tough to get the other stats you are looking for. People like me are seasoned traders who are not looking for Insta fame nor followers... we just simply love trading the markets and making money consistently over time. As such, you won’t find us making bombastic statements and claims, nor showing off rented Lambos (like a certain Mr Savage). Instead we are busy trying our best to accumulate consistently.

Also check out Swing4Fence who is a funded trader who posts on this thread. He even has a TE I believe...unlike me, his results have been stellar to date

Lastly, thus far,I have had no issues with getting my split. It’s a very simple invoice process and money hit my account a couple of days later.
  • #3,437
  • Sep 12, 2020 6:46am Sep 12, 2020 6:46am
Quoting Zuke
{quote} Ive read that it’s only about 8% that get funded. I’m a funded trader with a 200k and a separate 100k account. You can go back through this thread and see my journey from challenge through verification and then getting funded. Since becoming funded, I returned 11.8% in month one of which I received 70% + plus my challenges fee. This is based on the $300k (I use a VPS trade copier). I’m on track to better than in month 2 and I’ll post that return when I get there. I think you’ll find it tough to get the other stats you are looking for. People...
very good post.

This clears many doubts that people may have.
Intraday only.
  • #3,438
  • Sep 12, 2020 8:18am Sep 12, 2020 8:18am
I wonder if anyone else noticed the sunday candle on the new server.?It seems the charts are no longer synced to New York close?
  • #3,439
  • Sep 12, 2020 3:47pm Sep 12, 2020 3:47pm
yes, one hour later.
  • #3,440
  • Sep 12, 2020 4:56pm Sep 12, 2020 4:56pm
Quoting Zuke
{quote} Ive read that it’s only about 8% that get funded. I’m a funded trader with a 200k and a separate 100k account. You can go back through this thread and see my journey from challenge through verification and then getting funded. Since becoming funded, I returned 11.8% in month one of which I received 70% + plus my challenges fee. This is based on the $300k (I use a VPS trade copier). I’m on track to better than in month 2 and I’ll post that return when I get there. I think you’ll find it tough to get the other stats you are looking for. People...
Yes the rented lambos are a quick put off.

May consistency be with you always.

Good trading,

Masterrmind .......
Master your Mind then Master your Trades
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