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FTMO - For serious traders

  • #4,461
  • Nov 3, 2020 10:09am Nov 3, 2020 10:09am
Quoting lakhan
{quote} Thats true rmg that’s why there are others. I’d say use as many prop firms as you can to diversify. However 10% is extremely easy for the majority of guys here that deposit $200 into a 1/500 leverage trading account but soon blow up. That’s because most of the FF community are chancers and then complain why they can’t use their x4 / double / $200-1m trading strategy under FTMO rules.
First 10% p/m is just to get funded, then 10% in 10 months also feasible if one can't afford to risk more.
Intraday scalping or swing traders suits well into ftmo model. It is not easy, neither incredibly difficult. Failed 6 challenges, 7th is nearly there. For me FTMO is the best out there.
on a postive roll...
  • #4,462
  • Nov 3, 2020 11:58am Nov 3, 2020 11:58am
Quoting Rmg
{quote} First 10% p/m is just to get funded, then 10% in 10 months also feasible if one can't afford to risk more. Intraday scalping or swing traders suits well into ftmo model. It is not easy, neither incredibly difficult. Failed 6 challenges, 7th is nearly there. For me FTMO is the best out there.
6? Damn, that's some determination and faith, i hope you've made the necessary changes. You're at least self aware enough to know it's your input which needs some work. Good luck!
  • #4,463
  • Nov 3, 2020 11:44pm Nov 3, 2020 11:44pm
Quoting Rmg
{quote} First 10% p/m is just to get funded, then 10% in 10 months also feasible if one can't afford to risk more. Intraday scalping or swing traders suits well into ftmo model. It is not easy, neither incredibly difficult. Failed 6 challenges, 7th is nearly there. For me FTMO is the best out there.

Keep trying; worth it. Don't lose your heart.
Analyze why the loss, and keep tweaking till you get an account.
Determination + Persistence = Success
  • #4,464
  • Nov 4, 2020 12:16am Nov 4, 2020 12:16am
Quoting AnRan
{quote} I don't actually care if anyone thinks its a scam or not. And I don't think they use challenge fees to pay out the profit splits. But I gotta respond to this cause I think its funny. Do you even understand what financial markets are? Whenever you win someone else loses. It's a zero sum game. So how can you possibly critique a business if they actually did have that business model, when you trade and try to extract profits from a market that does the exact same thing? It's not my business so I don't care about the critiques, but you gotta...
Have you confirmed that your trades are actually executed to the market and you are not being dealt with over the counter on B book by your broker who is just waiting for you to blow up? (most brokers keep most accounts on this business model)

Don't talk about business models of retail brokers and zero sum games as if it's the financial markets when you are in most cases just taking a CFD bet against the broker never truly trading on the markets.
  • #4,465
  • Nov 4, 2020 12:57am Nov 4, 2020 12:57am
Quoting Trader4818
{quote} Have you confirmed that your trades are actually executed to the market and you are not being dealt with over the counter on B book by your broker who is just waiting for you to blow up? (most brokers keep most accounts on this business model) Don't talk about business models of retail brokers and zero sum games as if it's the financial markets when you are in most cases just taking a CFD bet against the broker never truly trading on the markets.
Seems you missed his point because You're not really countering his argument, just stating the obvious. The existence of STP brokers or B-Book brokers is nothing new to any one who has been trading for even 3 months and certain traders will gladly choose some "reputable" B-book brokers because they offer instant execution which sometimes ensures better order fills than some ECN brokers with market execution. All that matters is that withdrawals are honoured.

Now, to further buttress Anran's point, whether it be STP or B-book broker, the fact remains that when you profit someone else loses, either the Broker or another random speculator/trader, thus, it's still a zero-sum game.

So, if FTMO is really paying successful traders profits from the fees of failed challenges (which sounds very retarded), how is it any different from winning profits in your personal trading off the losses of others? Hell, i would hope more losing traders signed up and failed to ensure that FTMO will always have enough to pay me my due.

I really don't understand the arguments any longer.
  • #4,466
  • Nov 4, 2020 2:30am Nov 4, 2020 2:30am
Quoting Koop
{quote} Seems you missed his point because You're not really countering his argument, just stating the obvious. The existence of STP brokers or B-Book brokers is nothing new to any one who has been trading for even 3 months and certain traders will gladly choose some "reputable" B-book brokers because they offer instant execution which sometimes ensures better order fills than some ECN brokers with market execution. All that matters is that withdrawals are honoured. Now, to further buttress Anran's point, whether it be STP or B-book broker, the...
Quoting Koop
{quote} Seems you missed his point because You're not really countering his argument, just stating the obvious. The existence of STP brokers or B-Book brokers is nothing new to any one who has been trading for even 3 months and certain traders will gladly choose some "reputable" B-book brokers because they offer instant execution which sometimes ensures better order fills than some ECN brokers with market execution. All that matters is that withdrawals are honoured. Now, to further buttress Anran's point, whether it be STP or B-book broker, the...
Exactly as you said, it's not different, they make a lot more money from failed challenges than the traders. Take RMG for example he paid for the challenge 6 times! trying for his 7th... I bet if he passes he will lose that account in a few days and have to take it all over again.

There's a reason why these prop firms are aimed at retail traders aiming for 10% return to pass verifications or fail and charging them for the privilege of a demo account.

https://www.tradingschools.org/ryan-...ed-with-fraud/

These people are not out here to help you make money, these retail prop firms are a new wave of different ways to make money off wanabee traders.

I don't see why people just don't get a 6 month trading history, and apply to a REAL prop firm.
  • #4,467
  • Nov 4, 2020 2:37am Nov 4, 2020 2:37am
Quoting Trader4818
{quote} {quote} Exactly as you said, it's not different, they make a lot more money from failed challenges than the traders. Take RMG for example he paid for the challenge 6 times! trying for his 7th... I bet if he passes he will lose that account in a few days and have to take it all over again. There's a reason why these prop firms are aimed at retail traders aiming for 10% return to pass verifications or fail and charging them for the privilege of a demo account. https://www.tradingschools.org/ryan-...ed-with-fraud/...
I'd love send my trading record to a real prop firm. I have searched high and low but only come across the paid challenge model. Do you have any recommendations?
  • #4,468
  • Edited 4:54am Nov 4, 2020 2:45am | Edited 4:54am
Quoting Trader4818
{quote} {quote} I don't see why people just don't get a 6 month trading history, and apply to a REAL prop firm.
Maybe you should look at the big picture and understand how opportunities that suck for some are godsend for others. There's probably only a couple countries (US and UK) that actually have REAL prop firms to apply to and for those you need, most probably, certain academic qualifications and cannot certainly trade remotely. So what is there left for traders in Europe, Asia and Africa that happen to be talented ?
  • #4,469
  • Nov 4, 2020 3:04am Nov 4, 2020 3:04am
Quoting Trader4818
{quote} {quote} Exactly as you said, it's not different, they make a lot more money from failed challenges than the traders. Take RMG for example he paid for the challenge 6 times! trying for his 7th... I bet if he passes he will lose that account in a few days and have to take it all over again. There's a reason why these prop firms are aimed at retail traders aiming for 10% return to pass verifications or fail and charging them for the privilege of a demo account. https://www.tradingschools.org/ryan-...ed-with-fraud/...
How delirious you must be to think that they get most of the money from failed challenges? Its impossible to get that much money from failed challenges. Just one successful trader with a 300k$ account eats up all the failed challenges in a month and even that is not enough. They have over 500 funded traders, and even if half of that is true they cannot payout only using the failed challenges.

Why are you guys even talking about where do they get the money? Does it matter? Doesnt it matter they payout and thats it?

Trader4818 do you have 6 month trading history and are you trading for a "real" prop firm?
Anything above the line is an uptrend, below the line is a downtrend.
  • #4,470
  • Nov 4, 2020 3:06am Nov 4, 2020 3:06am
When I think about genious whiners..
Attached Image
on a postive roll...
  • #4,471
  • Nov 4, 2020 4:27am Nov 4, 2020 4:27am
Hello Everyone!

We have had a somewhat calmer last week as many traders cut their trading in the pre-election period. Further upgrades have been done - like the change to our MetriX Journals for MT5 accounts, which now show results in the exact same way as all other ones and more changes to our systems and infrastructure.
There were no technical issues at all since I last posted here and the only unusual thing we encountered was a brief spread widening on Wednesday 28th. This happened due to lower liquidity during the pre-election period and increased volatility and we have promptly rerouted the impacted symbols to different LP, which resolved the situation within an hour.
We have finally created a liquidity pool; you might have noticed an increase in tick rate (charts update 3x times faster than a week ago). This results in lower spreads and lower slippages. Over the next couple of weeks, it will get even better.
Another change we have made is that we now have a dedicated server for our Free Trials, so to log into the Free Trial accounts, traders should now use server FTMO-Demo.

Trader8141 insinuated that FTMO might be a Ponzi-scheme. We have been on the market for years and operate in strictly regulated global markets, transparent approach like FTMO does if the business was not legitimate.
Some of the traders who often contribute to this thread have asked for us to start censoring the content here to weave out unrelated posts. As stated in past, we see this as last resort measure and do not want to go that way. I would like to ask specifically Artcool and OutThere to deescalate their posts on this thread to constructive debate. One sentence posts like „totally dumbass“ or „utterly stupid“ without any explanation really have no value and only result in a more hostile environment. Please, take your personal fights elsewhere to maintain the informational value of this thread for the traders new to this forum. Thank you

With that said, let’s address some of your post’s that need our focused reply:
Quoting dtdaham
Ive seen that FTMO is offering FTMO platform or purple trading. Is there a comparison on costs / spread anywhere out there? Or can I look at the purple trading site?
Dear Dtdaham, effective 1st November 2020, the only Options for all clients are FTMO Platform MT4, MT5 or cTrader. We will soon release a comparison site comparing our conditions with conditions of a selection of the most popular brokers.

Quoting Pips-RD
Hi everyone! After you are accepted and get funded, is there a profit target to get profit split or you just have to be in “green” no matter how much the profit is? I know there is a target for account growth but I would like to know if there is also a chance to be in profit and not get your 70%. Thanks for any information you can provide!
Hi Pips-RD, I confirm there is no Profit Target on the FTMO Accounts. You can find information regarding the Trading Objectives and more at https://ftmo.com/en/#objectives

Quoting vinforex7
In the FTMO Challenge... first challenge is 10% and 30 days. Is this 30 calender days? or is it 30 Trading days?
Hi Vinforex, the duration of the Challenge is 30 calendar days. It starts on the day of your first executed trade on the account.

Quoting Barnell
Lol, FTMO is a genius at marketing, getting people to pay for demo accounts.
Hello Barnell, There is no point of going too deep into this as you have already discussed it further with other members, but obviously, when you pay for the Challenge, you are buying an opportunity to trade an FTMO Account with large capital to generate real profits as well as our support and other available infrastructure that we offer.

Quoting Artcool
Does anybody get spam phone calls about some trading courses to buy?
Hello Artcool, I would like to point out that we never actively call any clients, so any call you might have received was not from us. Our phone lines are strictly passive, only answering incoming calls.
We have noticed many attempts from other entities trying to pretend they are us on Facebook and actively monitor and report these, but if you were contacted via phone by anyone pretending to be from FTMO, please send us an email describing the episode, ideally with the caller phone number so we can take further steps to stop these impersonators. Thank you.

Quoting Dariusfxlife
Hi guys, not sure what happened with FTMO demo account, but today the minimum lot is 0.10 instead of 0.01. Anyone aware of the issue?
Hello Dariusfxlife, has it been changed back to 0.01 yet? The change might have been done accidentally with the new Free Trial account setup. If you still see 0.1 lot as minimum, please send us an email stating the account login on which you encountered this issue. Thank you.

Quoting Koop
Funded Traders, please does FTMO request for a means of identification immediately after successful completion of the Verification stage or around first profit split?
Hello Koop, As soon as you complete your Verification, we are notified and once your account passes our standard checks, we send you an email containing contract form that we will need you to fill out in order to sign the contract. Prior to signing contract with you, standard KYC verification is done.

Quoting Quickly
It seems that some members here have such a great emotional attachment to "FTMO being the best" that it's very difficult and discouraging for anyone who thinks otherwise to offer their opinion without being attacked. Which is a great shame. My own opinion (as I've now said repeatedly) is that FTMO are not crooks or scammers, that their Challenge is incredibly difficult, that they'd attract and keep better and safer traders by allowing longer than 21-22 trading days to make the 10% profit, that for over a year they've clearly had a huge range of...
Hello Quickly, It is true that our fast growth has brought with it some technical difficulties at times, which resulted in our support team being temporarily overwhelmed and thus took longer to respond to the queries.
Not sure if you are still trading some of our accounts, but the technical issues do not occur anymore or just very rarely, and we are still upgrading our systems every weekend. Our support is now available 22/5 and will soon be available 24/5 and our response time to all general queries decreased to several hours (and a bit longer during the weekends and Mondays).
As you know we offer a free repeat of the Challenge in case all Trading Objectives but Profit Target are met and at the same time the Challenge ends in at least 1 cent of profit. If you are serious about trading and have overall positive results, you can keep repeating the Challenge for free (providing you meet the above-described conditions) until you hit your good trading month and pass the Challenge. As for the community behaviour - we do not censor the content here at all, which has both good and bad consequences, but we are actively trying to remind all traders to stay civil here.



That will be all. Thank you all for your attention. Have a great day and let’s get ready for the post-election trading opportunities.
Tomas
  • #4,472
  • Nov 4, 2020 10:34am Nov 4, 2020 10:34am
Thanks for all that, Tomas.

I agree that censoring should be a last resort. No reason why we can't entertain all points of view here, as anywhere. The truth will out, eventually. Discussion, debate, hypothesizing, challenging...
it's all good.
  • #4,473
  • Nov 4, 2020 10:56am Nov 4, 2020 10:56am
Quoting Rmg
{quote} First 10% p/m is just to get funded, then 10% in 10 months also feasible if one can't afford to risk more. Intraday scalping or swing traders suits well into ftmo model. It is not easy, neither incredibly difficult. Failed 6 challenges, 7th is nearly there. For me FTMO is the best out there.
why not make it a partnership? i can help you out if we reach agreeable terms,you hold on to all the resources while i ace it for you, make profits, and you compensate me for my efforts by mutually agreeable percentage return on the profit. if you need me to prove that i can ace it for you just open a demo and send me the details and monitor my progress from there, let me know if you are intrested, im certain of my skills as regards the challenge but looking for a break into the market, different strokes for different folkes I guess. email me via { email address deleted by staff } for more.
  • #4,474
  • Edited 11:27am Nov 4, 2020 11:15am | Edited 11:27am
Quoting i-5
{quote} why not make it a partnership? i can help you out if we reach agreeable terms,you hold on to all the resources while i ace it for you, make profits, and you compensate me for my efforts by mutually agreeable percentage return on the profit. if you need me to prove that i can ace it for you just open a demo and send me the details and monitor my progress from there, let me know if you are intrested, im certain of my skills as regards the challenge but looking for a break into the market, different strokes for different folkes I guess. email...
Cute. If you could ace it, why don't you ace it yourself?

No money to buy the test?

If so, then why don't you put your ace trading skills to a real account and make some real money?

Try harder to scam people!
I will tear the world apart for you.
  • #4,475
  • Nov 4, 2020 11:57am Nov 4, 2020 11:57am
Quoting i-5
{quote} why not make it a partnership? i can help you out if we reach agreeable terms,you hold on to all the resources while i ace it for you, make profits, and you compensate me for my efforts by mutually agreeable percentage return on the profit. if you need me to prove that i can ace it for you just open a demo and send me the details and monitor my progress from there, let me know if you are intrested, im certain of my skills as regards the challenge but looking for a break into the market, different strokes for different folkes I guess. email...
Did I ask for help?
Interactive threads are the best place for you.... You may get lucky
on a postive roll...
  • #4,476
  • Nov 4, 2020 12:04pm Nov 4, 2020 12:04pm
Quoting Rmg
{quote} Did I ask for help? Interactive threads are the best place for you.... You may get lucky
Why are you so mean? He signed up here just to attempt to scam you! You should be honored!
I will tear the world apart for you.
  • #4,477
  • Nov 4, 2020 12:09pm Nov 4, 2020 12:09pm
Quoting Barnell
{quote} Why are you so mean? He signed up here just to attempt to scam you! You should be honored!
He is not new, probably one of his new id I guess.
on a postive roll...
  • #4,478
  • Nov 4, 2020 12:13pm Nov 4, 2020 12:13pm
Quoting Rmg
{quote} He is not new, probably one of his new id I guess.
Perhaps, but let's just...give him due credit? For his effort? Hahahahaha.
I will tear the world apart for you.
  • #4,479
  • Nov 4, 2020 1:19pm Nov 4, 2020 1:19pm
Quoting i-5
{quote} why not make it a partnership? i can help you out if we reach agreeable terms,you hold on to all the resources while i ace it for you, make profits, and you compensate me for my efforts by mutually agreeable percentage return on the profit. if you need me to prove that i can ace it for you just open a demo and send me the details and monitor my progress from there, let me know if you are intrested, im certain of my skills as regards the challenge but looking for a break into the market, different strokes for different folkes I guess. email...
I would say "Go Fu*k Yourself", but I will be more polite and not say that.
  • #4,480
  • Nov 4, 2020 1:33pm Nov 4, 2020 1:33pm
there's a trader that FTMO approves of who will pay your fee and then he takes a percentage of the profit...
I don't recall his name, but probably someone here does.
If anyone needs some help with the fee, it might be a good option...
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