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  • #4,941
  • Dec 11, 2020 3:10pm Dec 11, 2020 3:10pm
Quoting Trader-IT
I have searched more than once on the FTMO site and here on FF. I will be asleep, but I haven't found this answer. With a fully funded account (example): - I have a profit of 3% - 2% withdrawal (which is divided with FTMO). After this withdrawal, what % remains, to reach 10% and obtain the doubling? That is ... withdrawing money, damage growth? Please, give me an official link to this info, sur site FTMO. Thanks
Here you go:

https://ftmo.com/en/scaling-plan/

Withdrawals do not affect scaling plan. You simply earn 10% in 4 months (at least 2 months must be net positive) and they scale you 25%. It takes 16 months to double.
  • #4,942
  • Dec 11, 2020 3:53pm Dec 11, 2020 3:53pm
Quoting pipmaster77
{quote} Here you go: https://ftmo.com/en/scaling-plan/ Withdrawals do not affect scaling plan. You simply earn 10% in 4 months (at least 2 months must be net positive) and they scale you 25%. It takes 16 months to double.
HI pipmaster77
I do not doubt that this is the case.
I just wish I'd read it clearly.

In the link page that you kindly provided (thanks ) and that I have read and reread many times, we talk about scalability.
Not of withdrawal and the consequence on growth.
It does not state it and it does not deny it. It just doesn't describe it (or maybe the translation deceives me).

If there was such a thing, it would be clear and precise:

a company (anonymous)
Attached Image

another (anonymous) and already here, it's not 100% clear, but it's very close.
Attached Image
I've seen things you people wouldn't believe
  • #4,943
  • Dec 11, 2020 4:21pm Dec 11, 2020 4:21pm
Quoting Trader-IT
{quote} HI pipmaster77 I do not doubt that this is the case. I just wish I'd read it clearly. In the link page that you kindly provided (thanks ) and that I have read and reread many times, we talk about scalability. Not of withdrawal and the consequence on growth. It does not state it and it does not deny it. It just doesn't describe it (or maybe the translation deceives me). If there was such a thing, it would be clear and precise: a company (anonymous) {image} another (anonymous) and already here, it's not 100% clear, but it's...
From which prop firm is this?
  • #4,944
  • Dec 11, 2020 5:03pm Dec 11, 2020 5:03pm
Quoting fx11trade
{quote} From which prop firm is this?
Come on... "anonymous 2 companies"
I omitted the names on purpose.
Then there are those who say that I come here to advertise and are wolves that bite the jugular (rightly).
I've seen things you people wouldn't believe
  • #4,945
  • Dec 11, 2020 5:17pm Dec 11, 2020 5:17pm
Well finally the 10 days are over. Time to finish verification in 1 trade and get called a gambler.
  • #4,946
  • Dec 11, 2020 9:51pm Dec 11, 2020 9:51pm
I started a new FTMO Trial on MT4 this week and I noticed they are now charging commissions again on Stock Indexes and Gold, has anyone else noticed this and did they also change the commissions for funded accounts also? They have not updated this change on their website...
  • #4,947
  • Dec 12, 2020 9:25am Dec 12, 2020 9:25am
I have a question if you get funded say 100k are still a daily max loss of 5k and total max loss off 10k ore is it only the max loss off 10k....would be best if there where only the max loss of 10k would give you a lot more wiggeling room and easier to make more money...Cause i am to take two more free triels and then try a challenge...
Insanityoing same ting over expecting different results..Einstein
  • #4,948
  • Dec 12, 2020 10:32am Dec 12, 2020 10:32am
Quoting FXsniper111
I have a question if you get funded say 100k are still a daily max loss of 5k and total max loss off 10k ore is it only the max loss off 10k....would be best if there where only the max loss of 10k would give you a lot more wiggeling room and easier to make more money...Cause i am to take two more free triels and then try a challenge...
Daily max loss remains at 5K, but total loss obviously increases with the equity. If you get up to $110K, for example, your max loss from that point is 20K but daily still 5K.
  • #4,949
  • Dec 12, 2020 11:43am Dec 12, 2020 11:43am
Quoting pipmaster77
{quote} Daily max loss remains at 5K, but total loss obviously increases with the equity. If you get up to $110K, for example, your max loss from that point is 20K but daily still 5K.
ok thanks
Insanityoing same ting over expecting different results..Einstein
  • #4,950
  • Dec 12, 2020 1:47pm Dec 12, 2020 1:47pm
Quoting Trader-IT
{quote} HI pipmaster77 I do not doubt that this is the case. I just wish I'd read it clearly. In the link page that you kindly provided (thanks ) and that I have read and reread many times, we talk about scalability. Not of withdrawal and the consequence on growth. It does not state it and it does not deny it. It just doesn't describe it (or maybe the translation deceives me). If there was such a thing, it would be clear and precise: a company (anonymous) {image} another (anonymous) and already here, it's not 100% clear, but it's...
No ... I have to correct myself ... the second company is also very clear (I just had to dig a little deeper, but I found it)
Attached Image (click to enlarge)
Click to Enlarge Name: Immagine 2020-12-12 204340.png Size: 14 KB


PS:
I have mentioned two random companies that I was sure of. I'm sure there are others.
The point is:
does FTMO also apply the same rule? And where can I find this info on the official website?
I've seen things you people wouldn't believe
  • #4,951
  • Dec 12, 2020 3:26pm Dec 12, 2020 3:26pm
Quoting Trader-IT
{quote} No ... I have to correct myself ... the second company is also very clear (I just had to dig a little deeper, but I found it) {image} PS: I have mentioned two random companies that I was sure of. I'm sure there are others. The point is: does FTMO also apply the same rule? And where can I find this info on the official website?

FTMO increases by 25% if you make 10% in 4 months.. And it increases every 4 months you make 10 percent...
  • #4,952
  • Dec 12, 2020 4:31pm Dec 12, 2020 4:31pm
Quoting Takisd
{quote} FTMO increases by 25% if you make 10% in 4 months.. And it increases every 4 months you make 10 percent...
Yes, but he is asking if it is independent of withdrawals. Some prop firms will only increase you if you leave the 10% in and only withdraw the excess of 10%. I am 99% certain FTMO scaling plan is independent of withdrawals, but I also cannot find 100% confirmation on their site. Hopefully Tomas can clarify.

Edit: found it https://ftmo.com/en/faq/why-should-i-join-ftmo/

P.S. Trader-IT, this verbiage clarifies what you mentioned to me the other day
  • #4,953
  • Dec 12, 2020 4:37pm Dec 12, 2020 4:37pm
Quoting pipmaster77
{quote} Yes, but he is asking if it is independent of withdrawals. Some prop firms will only increase you if you leave the 10% in and only withdraw the excess of 10%. I am 99% certain FTMO scaling plan is independent of withdrawals, but I also cannot find 100% confirmation on their site. Hopefully Tomas can clarify. Edit: found it https://ftmo.com/en/faq/why-should-i-join-ftmo/ P.S. Trader-IT, this verbiage clarifies what you mentioned to me the other day

Dont need to leave 10% just need to make +10% overall in any 4 consecutive months. I know this as I had a conversation with someone on live chat. I would also recommend using live chat, pretty helpful and I have gotten faster answer on there for some questions I have had
  • #4,954
  • Dec 12, 2020 4:54pm Dec 12, 2020 4:54pm
Quoting pipmaster77
{quote} Yes, but he is asking if it is independent of withdrawals. Some prop firms will only increase you if you leave the 10% in and only withdraw the excess of 10%. I am 99% certain FTMO scaling plan is independent of withdrawals, but I also cannot find 100% confirmation on their site. Hopefully Tomas can clarify. Edit: found it https://ftmo.com/en/faq/why-should-i-join-ftmo/ P.S. Trader-IT, this verbiage clarifies what you mentioned to me the other day
My God what that sweaty !!!
I searched and searched for this information and couldn't find it.

You are a pipmaster77 myth.
I'm sorry someone did my homework for me.

I repeat: I did not doubt this rule, but I found it (if there was one) on other sites and not on the FTMO one.
Thanks.

From the FTMO website (finally)
Attached Image (click to enlarge)
Click to Enlarge Name: Immagine 2020-12-12 234900.png Size: 18 KB

PS:
This post has my emoticon record
I've seen things you people wouldn't believe
  • #4,955
  • Dec 12, 2020 5:10pm Dec 12, 2020 5:10pm
Quoting akamrp
{quote} Dont need to leave 10% just need to make +10% overall in any 4 consecutive months. I know this as I had a conversation with someone on live chat. I would also recommend using live chat, pretty helpful and I have gotten faster answer on there for some questions I have had
Thanks for the advice on chat akamrp.

I have tried in the past to have a chat with companies of any kind.
Not knowing the English language, I have to use a translator.

It is one thing to spend an hour to make a post in a forum, one thing is to have a "quick" discussion in chat. On the contrary, it would be an interminable thing.
This info was not basic and I could also wait days for an answer.

Now, however, even those who approach FTMO, now have this answer and should not ask for it anymore.

PS:
Unfortunately it is also impossible for me to have a conversation by voice. The two "Star Trek" style voice translators, which are already on the market, they are not yet 100% functional (I'm not kidding ... they really exist).
I've seen things you people wouldn't believe
  • #4,956
  • Dec 13, 2020 2:11pm Dec 13, 2020 2:11pm
Quoting Trader-IT
{quote} Thanks for the advice on chat akamrp. I have tried in the past to have a chat with companies of any kind. Not knowing the English language, I have to use a translator. It is one thing to spend an hour to make a post in a forum, one thing is to have a "quick" discussion in chat. On the contrary, it would be an interminable thing. This info was not basic and I could also wait days for an answer. Now, however, even those who approach FTMO, now have this answer and should not ask for it anymore. PS: Unfortunately it is also impossible for me...

Fair enough, I did not know you didn't know the english language. The recommendation to use live chat was not meant to be aimed at you, I actually meant to say that for people with questions in general and want the answer as soon as possible. The live chat aint on 24/7, so I myself do come here sometimes to ask questions as well. But when it they are online, they have been really helpful for me so far
  • #4,957
  • Dec 13, 2020 5:33pm Dec 13, 2020 5:33pm
What's the deal with FTMO providing Demo accounts after succeeding the challenge?
Quoting their website:
To avoid any confusion, FTMO provides to its clients demo accounts with virtual capital in all stages of the cooperation.

That makes it look like their business is mostly making money of people failing challenges and taking part of these profits to pay the few who succeed.
Any thoughts?
  • #4,958
  • Dec 13, 2020 7:17pm Dec 13, 2020 7:17pm
Quoting dak99
What's the deal with FTMO providing Demo accounts after succeeding the challenge? Quoting their website: To avoid any confusion, FTMO provides to its clients demo accounts with virtual capital in all stages of the cooperation. That makes it look like their business is mostly making money of people failing challenges and taking part of these profits to pay the few who succeed. Any thoughts?
Its been asked and answered ad nauseam in this very thread. Search and you will find.
Trade with confidence, trade without fear.
  • #4,959
  • Dec 13, 2020 7:57pm Dec 13, 2020 7:57pm
Quoting Cryptosurf
{quote} Its been asked and answered ad nauseam in this very thread. Search and you will find.
That question has indeed been asked a few times, I'd agree.

However, as far as I can remember, FTMO has not given a satisfactory answer as to why this is their chosen business model.

Hence, dak99's comment: "That makes it look like their business is mostly making money of people failing challenges and taking part of these profits to pay the few who succeed."
Amor Fati--F. Nietzsche
  • #4,960
  • Dec 13, 2020 8:29pm Dec 13, 2020 8:29pm
Quoting dak99
What's the deal with FTMO providing Demo accounts after succeeding the challenge? Quoting their website: To avoid any confusion, FTMO provides to its clients demo accounts with virtual capital in all stages of the cooperation. That makes it look like their business is mostly making money of people failing challenges and taking part of these profits to pay the few who succeed. Any thoughts?
I'm not sure why you make that leap of logic...

providing demos allows them to filter our trades in whatever way they want to the real money accounts...
it seems like a logical safety measure. If a funded trader makes a big mistake, they may have additional measures to limit losses.
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