Disliked{quote} I know but it still begs the question of why can a trader open 100 lot trade but they can't trade news, or at least leave swing trades open without fear of hitting their TP or SL. So basically you have to close your swings trades or take your SL/TPs off or make them huge just in case. Doesn't add up for me. 1+1 = 3Ignored
To signup for a $200k challenge account at ftmo requires the trader to pay a fee of $1,288.76 approximately, and then there are many hurdles placed in his path that are designed to allow ftmo to legitimately "cancel" his challenge and keep his $1,288.76 fee.
If your Profit/Loss drops below -5%, you are cancelled.
if you have a max Loss of more than -10%, you are cancelled.
you are required to CLOSE YOUR TRADES during certain news events.(WTF?)
you are required to CLOSE YOUR TRADES during the weekend.
the list of purely ridiculous reasons why they can CANCEL your challenge account and keep your fee of $1,288.76 is almost endless.
https://ftmo.com/en/terms-conditions/
but hey, karmostaji has shown his bank account and claims that ftmo is legit, so i suppose its all good.
and did someone comment that i am probably the MILLIONTH PERSON to come into this thread and suggest that this is a scam?
i am somehow not surprised.
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