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  • #6,101
  • Mar 14, 2021 5:12pm Mar 14, 2021 5:12pm
Quoting Cryptosurf
{quote} You’re the dim bulb who posted the link. Anyone with half a brain would have known it wasn’t serious. Minus you and the chronically suspended special agent.
I posted the link in an effort to help put hasib mind at easy his one of FTMO customers and was raising some concerns I pointed out that on trustpilot FTMO are rated as excellent by their customers and I clearly said people should take the negative review with a pinch of salt meaning I did not believe it to be genuine and said I believe this because it was promoting a gofundme I imagine trustpilot will have that review taken down

We are derailing this thread with our pissing contest so I'm taking you off ignore and if you wish to continue this we can do it in private message

Have a good night sleep mate
  • #6,102
  • Mar 14, 2021 6:09pm Mar 14, 2021 6:09pm
Quoting jmoreno
{quote} the first two reviews on trustpilot say: REVIEW NUMBER 1: Please keep away from this company, it's another fruadulent platform. i was their prey, until i went to rebbecahillary ⓐ yahoo for assistance. if you are a victim too, you can report to them REVIEW NUMBER 2: ATTENTION. FTMO is not a broker. FTMO is not regulated or licensed by any governmental or non-governmental entity. In other words, there is no governmental or non-governmental body designated to oversee FTMO's activities or to resolve...
hahaha

Lol i think Moreno is slightly mentally challenged.
First, he quotes the comment of a scamming bot that directs people to reach out to his saviour for help in recovering lost funds (a fraudulent yahoo email address)
anyone who visits Youtube trading videos should know these scams/bots, touting phone numbers and email addresses of wonderful fund managers or loss/debt recovery agents.

second review speaks for itself at the end.
can't even waste my time on that.


I do agree with Ross on one thing though, Moreno may be retarded, but he still has rights!.... Lol Leave him alone Surf... stop suspending him!!
  • #6,103
  • Mar 14, 2021 6:21pm Mar 14, 2021 6:21pm
Quoting TraderOtakar
Hello Traders, my name is Otakar and I am a co-founder of the FTMO.com. Our aim is to find successful traders on Forex and CFD who we provide with our company capital when they meet our conditions. The testing of traders is performed through a demo account which we call the Challenge. Why to trade for us? Receive funding up to 40 000 USD, you keep 70 % of profits, we cover the losses. In this thread we will share articles about trading, news about the company and the most importantly we will answer all your...
So, basically you look for traders capable of making 10% on a monthly basis, in a consistent way and without taking more than 10% risk, isn't it?
Always ready to help
  • #6,104
  • Edited 9:00pm Mar 14, 2021 8:13pm | Edited 9:00pm
Quoting PaulMF
{quote} So, basically you look for traders capable of making 10% on a monthly basis, in a consistent way and without taking more than 10% risk, isn't it?
hello mr PaulMF,

you are pretty close, but dont they say that close only counts in horseshoes? but we aint playing horseshoes, and this company will shutdown your challenge account in a new york minute without hesitation, so the details must be precisely to the letter and nothing less.

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i signed up for a $50k demo challenge account, and there is a max daily loss of 5%($-2,500) and a total loss of -10%($-5,000), and i am understanding that your current profit/loss counts towards your max daily loss if you are holding open positions that draw down more than -5%, you lose.

with a game like this, it is imperative that one understands precisely the terms of the game, and i found the terms and conditions that are available on the ftmo.com site to be lengthy and wordy and overly bloated and complicated.

https://ftmo.com/en/terms-conditions/

so, you can not draw down more than -5% on your current trades, and you cant have more than a max loss of -10% total, though i am truly confused about how that works.

now, on to another issue, which is their $200k account which costs traders approx $1,288.76 to signup for...

lets say that one hundred traders were to successfully finish the challenge for that $200k account, is ftmo financially sound to put up $20,000,000.00 of trading capital to handle that? I am betting that probably no person in this forum can say for sure how much liquid capital ftmo has in it's possession.

thank you for your patience.

i rest.
  • #6,105
  • Mar 14, 2021 10:37pm Mar 14, 2021 10:37pm
Quoting jmoreno
{quote} hello mr PaulMF, you are pretty close, but dont they say that close only counts in horseshoes? but we aint playing horseshoes, and this company will shutdown your challenge account in a new york minute without hesitation, so the details must be precisely to the letter and nothing less. {image} i signed up for a $50k demo challenge account, and there is a max daily loss of 5%($-2,500) and a total loss of -10%($-5,000), and i am understanding that your current profit/loss counts towards your max daily loss if you are holding open positions...
They don't need to put up 20 million.. They only need to put up margin, so maybe 1/10th of the total capital depending on the deal, so long as they can execute trades they are fine. But you are confusing yourself and don't appear to be very bright. FTMO is clearly not for you, or any prop trading.. Perhaps trader joes is hiring.
  • #6,106
  • Edited Mar 15, 2021 12:01am Mar 14, 2021 10:52pm | Edited Mar 15, 2021 12:01am
Quoting Takisd
{quote} They don't need to put up 20 million.. They only need to put up margin, so maybe 1/10th of the total capital depending on the deal, so long as they can execute trades they are fine. But you are confusing yourself and don't appear to be very bright. FTMO is clearly not for you, or any prop trading.. Perhaps trader joes is hiring.
so, according to what you are suggesting is that ftmo knows how to open up a twenty million dollar account without needing to put up the entire twenty million?

oh wow, that is something that i am not familiar with..

i am going to bet that i am not the only person in the room that is unfamiliar with this account creation method that you are speaking about.

i always find it to be refreshing when i am able to learn something new, so do please educate us all about how it is that ftmo can open a $20,000,000.00 account and only needs to put up 10% of twenty million.

btw, i am going to warn you in advance that your previous post is ENTIRELY INCORRECT.

your move.
  • #6,107
  • Mar 15, 2021 12:00am Mar 15, 2021 12:00am
Quoting hasib
I have paid for 25k Challenge account in www.fundingtalent.com. their Support teem yesterday confirm my payment but unfortunately they don't give me any account yet. Today I have email them Lets see how they response, I am waiting for their response. Here is their payment confirmations email. They send it 20 hours ago. I don't know what is in their mind. I still don't know am I scam by them or not. {image}
Their service and customer support is very bad and most of them don't even have a proper understanding of their own rules LOL, and expect them to change/make up rules whenever n however they like. They will BS successful traders in order not to pay etc..
Trade what you see, not what you think.
  • #6,108
  • Mar 15, 2021 12:25am Mar 15, 2021 12:25am
Quoting jmoreno
{quote} so, according to what you are suggesting is that ftmo knows how to open up a twenty million dollar account without needing to put up the entire twenty million? oh wow, that is something that i am not familiar with.. i am going to bet that i am not the only person in the room that is unfamiliar with this account creation method that you are speaking about. i always find it to be refreshing when i am able to learn something new, so do please educate us all about how it is that ftmo can open a $20,000,000.00 account and only needs to put up...

Its called margin.

Broker gives you LOC, you put in margin to cover losses, in this case there is 10% loss cap per account. So if you need 2,000,000 in margin, you only have to front 200k to cover potential losses. If those losses don't occur then you can still execute. Most traders dont trade at the same time as well.

Brokers do this all the fucking time. Its literally how you manage liquidity. It is also the reason for overnight rules because margin is calculated at rollover, so you dont owe margin until that time. But hey, I'm not the autismo screeching in capital letters here.
  • #6,109
  • Mar 15, 2021 12:41am Mar 15, 2021 12:41am
Quoting Takisd
{quote} Its called margin. Broker gives you LOC, you put in margin to cover losses, in this case there is 10% loss cap per account. So if you need 2,000,000 in margin, you only have to front 200k to cover potential losses. If those losses don't occur then you can still execute. Most traders dont trade at the same time as well. Brokers do this all the fucking time. Its literally how you manage liquidity. It is also the reason for overnight rules because margin is calculated at rollover, so you dont owe margin until that time. But hey, I'm not the...
ftmo is NOT a broker and ftmo has no such ability to produce a twenty million dollar letter of credit for trading.

how could you possibly know about ftmo's ability to trade twenty million on credit?

you are making this stuff up.
  • #6,110
  • Mar 15, 2021 12:47am Mar 15, 2021 12:47am
Quoting jmoreno
{quote} ftmo is NOT a broker and ftmo has no such ability to produce a twenty million dollar letter of credit for trading.

Prove it. Oh wait you can't. Same way you can't prove that FXCM doesn't have 300 million in client deposits at liquidity. Because people dont just hand out that information and aren't required to.

The only thing that is data driven is FTMO's liability and that is funded accounts x max loss = liability.

There are definitely regulatory issues with FTMO operating a white label, but its their own capital technically so they aren't breaking any laws. If it was discovered that they weren't executing trades (try prove that, again you can't) then the regulators in the EU will likely say something. But until then perhaps go play somewhere else?
  • #6,111
  • Mar 15, 2021 12:55am Mar 15, 2021 12:55am
Thanks everyone for their advice. I have got my 25k account.
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MA provides the market's current direction and strength.
  • #6,112
  • Mar 15, 2021 1:36am Mar 15, 2021 1:36am
Quoting Takisd
{quote} Prove it. Oh wait you can't. Same way you can't prove that FXCM doesn't have 300 million in client deposits at liquidity. Because people dont just hand out that information and aren't required to. The only thing that is data driven is FTMO's liability and that is funded accounts x max loss = liability. There are definitely regulatory issues with FTMO operating a white label, but its their own capital technically so they aren't breaking any laws. If it was discovered that they weren't executing trades (try prove that, again you can't) then...
the reality is that i dont really give a @%#^ if you scam everyone on the planet, as long as i am not one of them..

i simply cant believe that people pay $1,200.00 to play a demo account, with the false hope that they are going to be awarded a $200k live account. This has got to be the slickest scam that anyone has ever thought up.

The funny thing is that many people believe in this scam and they repeatedly take the challenge, and then they think that they will win the next time.

I am fully convinced that this "pay to play a demo account" thing is a pure scam.

omg.
  • #6,113
  • Mar 15, 2021 2:34am Mar 15, 2021 2:34am
Quoting Cryptosurf
{quote} Time will tell. My observation is many who are cheerleading other firms offerings, are yet to successfully pass any firm whatsoever. And most likely never will. It’s not the firm that’s holding people back from being successful at trading. It’s them.
In this matter I 100% disagree with you. This has nothing to do with who pass or not, because many prop firm offers live accounts without challenge or evaluations. Many traders lack funds to trade and prop firms has the ability to add value to many traders lives. But many prop firm don't play fair.

To be honest with you I like the competition taking place

It is win win for traders and firms.
  • #6,114
  • Mar 15, 2021 3:32am Mar 15, 2021 3:32am
Quoting Phronesis24
{quote} In this matter I 100% disagree with you. This has nothing to do with who pass or not, because many prop firm offers live accounts without challenge or evaluations. Many traders lack funds to trade and prop firms has the ability to add value to many traders lives. But many prop firm don't play fair. To be honest with you I like the competition taking place It is win win for traders and firms.
Can we have the list of such firms that offer live accounts without challenge or evaluation for comparison?

I have checked few but their conditions aren't better than FTMO

Thanks
  • #6,115
  • Mar 15, 2021 3:45am Mar 15, 2021 3:45am
Quoting jmoreno
{quote} the reality is that i dont really give a @%#^ if you scam everyone on the planet, as long as i am not one of them.. i simply cant believe that people pay $1,200.00 to play a demo account, with the false hope that they are going to be awarded a $200k live account. This has got to be the slickest scam that anyone has ever thought up. The funny thing is that many people believe in this scam and they repeatedly take the challenge, and then they think that they will win the next time. I am fully convinced that this "pay to play a demo account"...
Like someone said earlier, you don't seem very bright. It's was initially entertaining though, i'll give you that.

Your lazy ass couldn't search the thread for proof of veteran or long time FF traders who got paid but you keep hurling accusations of FTMO planning to scam people and not pay anything. People have been getting paid for months before your slow ass showed up.

Look up this page. There's one of them named "Karmostaji". Click on his profile and look through his images posted and you'll be sure to find a payment or two.


You're just here to troll. Initially funny to read, but now it's just downright pathetic.
  • #6,116
  • Mar 15, 2021 3:54am Mar 15, 2021 3:54am
Quoting jmoreno
{quote} the first two reviews on trustpilot say: REVIEW NUMBER 1: Please keep away from this company, it's another fruadulent platform. i was their prey, until i went to rebbecahillary ⓐ yahoo for assistance. if you are a victim too, you can report to them REVIEW NUMBER 2: ATTENTION. FTMO is not a broker. FTMO is not regulated or licensed by any governmental or non-governmental entity. In other words, there is no governmental or non-governmental body designated to oversee FTMO's activities or to resolve...
someone ban this dude from this thread. he doesn even show evidence he was scammed. i;ve been paid a big sum just fine ( i have also posted sceenshots of the payments)

and also dont post other firms on this thread its ftmo only. respect it
offering my system to copy trade. check my link
  • #6,117
  • Edited 4:27am Mar 15, 2021 4:14am | Edited 4:27am
Quoting jmoreno
{quote} the reality is that i dont really give a @%#^ if you scam everyone on the planet, as long as i am not one of them.. i simply cant believe that people pay $1,200.00 to play a demo account, with the false hope that they are going to be awarded a $200k live account. This has got to be the slickest scam that anyone has ever thought up. The funny thing is that many people believe in this scam and they repeatedly take the challenge, and then they think that they will win the next time. I am fully convinced that this "pay to play a demo account"...
You are probably the one millionth person coming here to "warn" everyone from a potential scam. You obviously didn't bother to read this thread some pages back and try to really understand what is going on with an open mind. Otherwise you would understand why a lot of retail traders - who otherwise would have no funds to make a decent profit/living from trading - are feeling blessed that companies like FTMO allow them to earn good profits without them having a PhD in finance or any other type of finance-related education prerequisite to apply. FTMO's consultancy business model is very much appreciated by everyone who is serious about trading for a living and who have some trading talent under such conditions, because this way we can earn large profits without actually having a real account under management, which in many countries would probably require us to be licensed as investment professionals, which in some cases is just plain stupid because many people know how to trade better than many investment gurus who happen to have a university degree and a license and lose their investor's money anyway.
We know we are not technically "trading" for them, they are not hiring retail traders, they are supposedly copying our demo trades.

It might come hard for you to believe, but we do KNOW THAT and it's FINE because every month the payouts are transfered without any issues. It might also be hard for you to believe but there are indeed very talented traders from low income countries that can beat professional and institutional traders by miles and for whom making 10% a month is a regular thing !!

If you are really a outstanding trader then you have nothing to fear, and it will actually cost you 0 because your challenge fee will be reimbursed to you on your first profit split. I guess you didn't notice that small detail.

So, thank you, we've been warned, now just kindly move on to some other thread more appropriate to your level of trading ability.
  • #6,118
  • Mar 15, 2021 4:46am Mar 15, 2021 4:46am
Quoting tradista
{quote} You are probably the one millionth person coming here to "warn" everyone from a potential scam. You obviously didn't bother to read this thread some pages back and try to really understand what is going on with an open mind. Otherwise you would understand why a lot of retail traders - who otherwise would have no funds to make a decent profit/living from trading - are feeling blessed that companies like FTMO allow them to earn good profits without them having a PhD in finance or any other type of finance-related education prerequisite to...
Quote
...very talented traders from low income countries that can beat professional and institutional traders by miles and for whom making 10% a month is a regular thing !!

Are you sure?

Quote
If you are really a outstanding trader then you have nothing to fear, and it will actually cost you 0...

10% monthly, do you think is about being an outstanding trader?

I can't say FTMO are scammers because they rules are clear: 10% first month (max drawdown 10%), 5% second month (max drawdown 10%), 155 euros participation fee. But, I find the jmoreno opinion interesting and I think he should participate in this thread as all opinions are welcome.
Always ready to help
  • #6,119
  • Mar 15, 2021 4:50am Mar 15, 2021 4:50am
Quoting Koop
{quote} Like someone said earlier, you don't seem very bright. It's was initially entertaining though, i'll give you that. Your lazy ass couldn't search the thread for proof of veteran or long time FF traders who got paid but you keep hurling accusations of FTMO planning to scam people and not pay anything. People have been getting paid for months before your slow ass showed up. Look up this page. There's one of them named "Karmostaji". Click on his profile and look through his images posted and you'll be sure to find a payment or two. You're just...
Please be more polite. I agree with jmoreno in some way. I don't think a 10% monhly makes too much sense but I wouldn't talk about people brightness because of thinking it is possible.
Always ready to help
  • #6,120
  • Mar 15, 2021 4:52am Mar 15, 2021 4:52am
Yes making 10% a month consistently over the course of many months is being an outstanding trader, and you surely are beating a lot of pseudo-professionals, no doubt about it. Of course all respectful opinions are welcome as long as they are not flamed, gross and pointless, bringing nothing to the discussion, which hasn't been the case, thus my answer to that gentleman who is wasting everyone's time and attention.
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