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Attachments: FTMO - For serious traders
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FTMO - For serious traders

cryptosurf and i have come to an agreement, and i have decided to take the plunge and play the challenge!

i have no doubts about ftmo, it is as rock solid of a company as they make 'em.

onward and forward.
Always ready to help
this is ridiculous
Quoting jmoreno
cryptosurf and i have come to an agreement, and i have decided to take the plunge and play the challenge! i have no doubts about ftmo, it is as rock solid of a company as they make 'em. onward and forward.
who stole this man's account?

it cannot possibly be him
Quoting nikosk0
{quote} who stole this man's account? it cannot possibly be him
its true, i have been fully indoctrinated, i am a full believer now.

i am a firm believer now.
Quoting profitfarmer
{quote} Rarely post, but why not make one today: Respectfully, you are wrong. It isn't really dumb that 3 months number. Chatting with one prop owner, his statistic was that approx 65% funded traders don't get thru 2 months, 78% bleed out within 3 months. While FTMO has 8% getting funded, that doesn't equal 8% getting paid as funded traders! I personally know 2 who passed the challenge then blew up before getting to payout, and read here on this thread at least another 2 who has done the same. So 8 % isn't exactly the number getting refund or paid....
Respectfully, you should think a lot harder. There is a reason that most brokers aren't pure b book anymore. Its because it doesn't work. It only takes 1 trader to destroy the book entirely and set you back months in revenue whilst you have to maintain your costs (advertising, affiliate fees etc).
The only companies who are operating bucket like facilities are the ones where you get daily complaints of "won't process my withdrawal" "removed all my profitable trades" "isn't answering my support emails".
I have my gripe with FTMO and i have been plenty vocal about it, but there isn't a single post anywhere suggesting that they have missed a payment but plenty of traders, including one in here withdrawing 18k in a month.

If I was a dealing desk seeing someone who invested presumably $650 withdraw 18k would set the desk on fire there would be heads rolling for that.

so whilst assuming retail statistics are the whole 95/5 rule (which isn't true, even the FCA statistics are better than that) you may be right.... in this case there is no logic to assume this is a bucket operation. Not to mention that you can't white label MT4 for the long term if you are caught not using liquidity. No provider will keep your contract if you aren't sending them flow.
Quoting Takisd
{quote} Respectfully, you should think a lot harder. There is a reason that most brokers aren't pure b book anymore. Its because it doesn't work. It only takes 1 trader to destroy the book entirely and set you back months in revenue whilst you have to maintain your costs (advertising, affiliate fees etc). The only companies who are operating bucket like facilities are the ones where you get daily complaints of "won't process my withdrawal" "removed all my profitable trades" "isn't answering my support emails". I have my gripe with FTMO and i have...
you realise youre not trading any underlying assets with FTMO right ? its a demo account, its paper money, make believe, they just copy your trades to a main account they have, and they only do that with funded traders, challenges and verification is just paper money.

and also let me tell everyone something here about CFD brokers since nobody has a clue how this all works, and let me break your bubble, when you open a live account with a broker, youre not trading on any centralised market or on the interbank market for forex, you are simply clicking a button that you believe the price will go up or down and if ure right the broker will pay you, if ure wrong hes gonna extract money from your margin deposit, its CONTRACT FOR DIFFERENCE, youre not trading on any real markets, youre trading on the market the broker makes, when you press buy he either takes your side or someone who is also trading on that broker does, but majority of the time the broker takes the other side, because youre not trading a real instrument, its just spread betting, CFD dont exist, its just make believe, yes theyre regulated and if ure right u get payed, but its not real guys, its just like a casino.
Quoting Takisd
{quote} including one in here withdrawing 18k in a month. .

more than one, trust me on this
Quoting Rayder4Life
{quote} you realise youre not trading any underlying assets with FTMO right ? its a demo account, its paper money, make believe, they just copy your trades to a main account they have, and they only do that with funded traders, challenges and verification is just paper money. and also let me tell everyone something here about CFD brokers since nobody has a clue how this all works, and let me break your bubble, when you open a live account with a broker, youre not trading on any centralised market or on the interbank market for forex, you are simply...
i have to partially disagree on this. i know at least 2 brokers that do put your orders on the real market. that being saxo and oanda.
it is no wonder they are among the most expensive ones

inactivity fee
vip for 1m deposits
big spreads

you always get what you pay for.
i have a ton of complaints, big or small it doesnt matter, from other brokers (no broker ever refused to pay me or proccess my withdrawl so far) but none from these 2. you can just make a call and everything will be set and done. i dont think that you will ever need to call them though
[quote=Rayder4Life;13456054]{quote} also let me tell everyone something here about CFD brokers since nobody has a clue how this all works, and let me break your bubble

Those word above aren't necessary and that says much about you in a bad way.
Quoting nikosk0
i know at least 2 brokers that do put your orders on the real market. that being saxo and oanda.

This isn't quite right. They don't actually place YOUR orders into the market - they offset THEIR OWN net liabilities in the market.

They are still counterparties, but it therefore makes no net difference to them which clients win and which lose. It's one of the reasons I recommend Oanda. (Saxo I wouldn't touch with a barge-pole.)
Quoting Takisd
{quote} Respectfully, you should think a lot harder. There is a reason that most brokers aren't pure b book anymore. Its because it doesn't work. It only takes 1 trader to destroy the book entirely and set you back months in revenue whilst you have to maintain your costs (advertising, affiliate fees etc). The only companies who are operating bucket like facilities are the ones where you get daily complaints of "won't process my withdrawal" "removed all my profitable trades" "isn't answering my support emails". I have my gripe with FTMO and i have...
You withdraw 18k a month?

How much do you manage at FTMO?
Always ready to help
Quoting nikosk0
{quote} more than one, trust me on this
you too?
Always ready to help
Quoting Takisd
{quote} Respectfully, you should think a lot harder. There is a reason that most brokers aren't pure b book anymore. Its because it doesn't work. It only takes 1 trader to destroy the book entirely and set you back months in revenue whilst you have to maintain your costs (advertising, affiliate fees etc).
Kind of disagree in long run as imagine I am FTMO type fund and I have large pool of money. I will take exact opposite direction of what funded trader is taking. I will always be a winner. As 90% people fail challenge I will get money. Large percent of funded trader fails I will make money.
Also most important if I win I get 100% and if I loose I loose only 70%.
Every casino in this world works with 10% high probability and still makes money.
Also they have choice if some trader is making money they can always change direction.
So they can never get busted.
Plus they will make money in spreads like liquidity providers.
Quoting profitfarmer
So how or why they exist? The why is debated, but the how is clear:
On the fees!)
It would be naive to think that they don’t copy the trades of their best traders, don’t you think? We don't have to do as if profitable traders do not exist. The majority loses but that doesn't mean that there are no consistent profitable traders. I'm sure that FTMO has good long term funded traders where they copy trades from. Why wouldn't they do that if they have the possibility?
Quoting Cryptosurf
{image}{quote}
Yes very well done Crypto,but one ting i dont understand and really not my buisness either.....Still i will say this,you differ on accounts from 5k to 16k so it seem to me that you trade each account for themself and if you have another challenge you joggle 4 accounts why dont you just copy the account you made 16k in and you would have tousands off free money only trading one account and have the rest as slaves????
Insanityoing same ting over expecting different results..Einstein
Quoting FXsniper111
{quote} Yes very well done Crypto,but one ting i dont understand and really not my buisness either.....Still i will say this,you differ on accounts from 5k to 16k so it seem to me that you trade each account for themself and if you have another challenge you joggle 4 accounts why dont you just copy the account you made 16k in and you would have tousands off free money only trading one account and have the rest as slaves????
Sometimes I do that. I’m only trading 4 instruments. US indicies and gold. Sometimes they are mirrored via a trade copy and sometimes I’ll trade them separately. One account for Dow, one for gold, etc. I’m still undecided on it.
Trade with confidence, trade without fear.
Quoting sampat
{quote} . I will take exact opposite direction of what funded trader is taking. I will always be a winner. As 90% people fail challenge I will get money. .
thats is a false statement and its sad that most peopel believe it.

90% loose money because they hold their loosers and exit the winners early

if you do not trust me, just take a look at oandas order book and answer me, witch kind of positions are more than the other?
at any given time, anyday of the year, that is what you will see.

loosers keeping their positions and winners getting out early.

betting against a customer is plain stupid

there is a reason why martingale blows acounts and why a good rr with a hard stop makes money over time.
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Quoting nikosk0
{quote} thats is a false statement and its sad that most peopel believe it. 90% loose money because they hold their loosers and exit the winners early if you do not trust me, just take a look at oandas order book and answer me, witch kind of positions are more than the other? at any given time, anyday of the year, that is what you will see. loosers keeping their positions and winners getting out early. betting against a customer is plain stupid there is a reason why martingale blows acounts and why a good rr with a hard stop makes money over time....
Exactly which is why I said this before:

Quoting Cryptosurf
{quote} Being under funded in trading is a big problem. Starting an account with $100-$500 leads a lot of people to hold trades longer then necessary. A 10% profit of $10 doesn’t feel as much as a $1000. It’s a mental game.
A $10 profit and return to zero may not feel bad. $1000 profit and return to zero feels defeating.
Trade with confidence, trade without fear.
i cant access ftmo.com, does it work for anybody else now ?
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