{quote} haha Damn man, didn't this happen in the challenge too? why do you keep trading lots above 0.01 after you have reached the target? That's sad man. Take it easy.
sorry for my English, using google translator.
- #6,547
- Mar 26, 2021 9:25am Mar 26, 2021 9:25am
- Joined Feb 2015 | Status: Trader | 2,476 Posts
Trade with confidence, trade without fear.
Hello fellow traders,
I hope everyone had a great week full of trading as the well deserved weekend is right around the corner
In FTMO, we are currently putting our focus mainly on the future, so certain announcements and features are to be expected. Also, it seems like the most strict pandemic-related restrictions might be over soon, so we’ll all meet in our offices once again.
Now regarding trading and platforms:
on Saturday, 20th of March, we’ve experienced a short maintenance disruption that affected mostly Server 1 on MT4. The disruption took place between 22:05 and 00:15 CE(S)T (23:05 to 01:15 server time). As the event happened on a Saturday night and not many traders were affected, their situation has been already settled.
Other than that, there were no major outages/disruptions
And finally, I’d also like to take a second and type a few words about the recent posts here on our forum:
Congratulations to Moeenyz on receiving his first payout as an FTMO Trader. Thank you for your addition and I hope there are many more payouts to come.
I would also like to thank Navk for sharing his valuable trading knowledge and selflessly helping out other traders. That is exactly the kind of content we love to see here.
And lastly, I would like to emphasize that the Forex Factory Code of Conduct includes No personal agendas, therefore if anyone wants to have a rather personally oriented discussion with another member, please do so in a private message.
That’s it for the update, now let’s get to some of the posts that appeared here during the past week.
Hi Saxio, I can understand some initial skepticism, we were facing such accusations from the start. Nevertheless, we are successfully funding traders since 2015 and we’ve also won Deloitte’s Rising Star award two years in a row (https://ftmo.com/en/we-did-it-again/).
The capital is provided by a private investor who has been with us since the start and thanks to which FTMO got to where it is now. We also do not require traders to invest any of their capital, but we require the initial refundable fee to be paid, which greatly filters out serious traders from people who would be just trying to grab free funding with no responsibilities as well as helps to cover our costs.
Hello Fx11trade, I was referring to this specific post on our instagram: www.instagram.com/p/CMezqtonc68
I’m pretty sure it will come in handy to a lot of traders, especially nowadays.
Hi Jmoreno, as I’ve explained before, the industry is very competitive, and publishing such sensitive information might not be the wisest thing to do. Not to mention we do not have any obligation to do so. Not many companies would willingly provide their private accounting details to the competition.
Also, I’m pretty sure one accommodated request would be followed by multiple others and we don’t really want to get ourselves into such spiral.
Hi LoveScalping, I was about to congratulate you on meeting the Profit Target, but I’ve just noticed your recent post. I’m sorry to see that it did not go well as expected, taking some time off the charts is advisable at the moment. Your trading-related posts here were great, hope to see you back on the track soon.
Hello Rayder4Life, there were no changes to the specific instrument, the wider spread is most likely caused by the recent volatility. As for the trading conditions, we’re focusing mainly on the most traded instruments, which, in our case, are Forex majors, gold, and indices. However, we are aware of the feedback and general improvement of the trading conditions is on our list.
Hi PaulMF, I don’t mean to be disrespectful by any means, but I think visiting our website would answer a lot of your questions and also saved you some time. We do not provide any investment services, we also do not accept any deposits. The process of providing traders with the FTMO Account is always conducted according to our Terms and Conditions.
I’d also like to get back to the first post. The Challenge is definitely not supposed to be an easy task, we need to test each trader before we provide him with our capital. I’ll leave it up to you to consider whether passing the Evaluation is „almost impossible“, however, I’m sure that you’ll be able to find here several traders who did pass.
If you think trading with your own capital would be more convenient for you, I’m not going to try to prove otherwise. However, I assure you that a $183 free margin would not let you open a single 1 lot trade with most brokers. With FTMO, we are simply trying to fix the undercapitalization of great retail traders and provide them with a better position in the market.
Hi ForexGalVA, we are creating 1000+ Free Trial accounts every day and each account has to correctly communicate with our internal systems (connection to the Account MetriX,etc.). In order to be able to handle such load, we’re currently offering only $50,000 Free Trials as more options would require more resources. It should be fairly easy to just halve your positions on the 50K Free Trial as opposed to what you would be trading on100K account. And as LoveScalping correctly mentioned, after you finish the Free Trial, you can always start another one.
That's it for this week, most of the posts here did not require my reaction, so we're done quite quickly this time. I'll see you again next week, hopefully, earlier than Friday. Until then, feel free to leave here any questions/topics as usual.
Cheers.
-Tomas
I hope everyone had a great week full of trading as the well deserved weekend is right around the corner
In FTMO, we are currently putting our focus mainly on the future, so certain announcements and features are to be expected. Also, it seems like the most strict pandemic-related restrictions might be over soon, so we’ll all meet in our offices once again.
Now regarding trading and platforms:
on Saturday, 20th of March, we’ve experienced a short maintenance disruption that affected mostly Server 1 on MT4. The disruption took place between 22:05 and 00:15 CE(S)T (23:05 to 01:15 server time). As the event happened on a Saturday night and not many traders were affected, their situation has been already settled.
Other than that, there were no major outages/disruptions
And finally, I’d also like to take a second and type a few words about the recent posts here on our forum:
Congratulations to Moeenyz on receiving his first payout as an FTMO Trader. Thank you for your addition and I hope there are many more payouts to come.
I would also like to thank Navk for sharing his valuable trading knowledge and selflessly helping out other traders. That is exactly the kind of content we love to see here.
And lastly, I would like to emphasize that the Forex Factory Code of Conduct includes No personal agendas, therefore if anyone wants to have a rather personally oriented discussion with another member, please do so in a private message.
That’s it for the update, now let’s get to some of the posts that appeared here during the past week.
The way these “prop” firms work is that they use the fees paid for the challenges of which about 90 % Dont get a funded account for the 10% that gets a funded account as drawdown/risk capital so in the end they don’t risk any of their own money and probably make money on those fees alone after substracting the money they lose on drawdowns of funded accounts.. real prop firms don’t require you to put up any capital , they train you , pay you a minimum to survive ...
The capital is provided by a private investor who has been with us since the start and thanks to which FTMO got to where it is now. We also do not require traders to invest any of their capital, but we require the initial refundable fee to be paid, which greatly filters out serious traders from people who would be just trying to grab free funding with no responsibilities as well as helps to cover our costs.
{quote} What is the new feature we can expect in the future? Or does anyobody know?
I’m pretty sure it will come in handy to a lot of traders, especially nowadays.
{quote} i am a critic of every thing.. when it rains, i think that the rain is too wet or it is too dry or it is coming down at the wrong angle... get it? personally, i am in love with ftmo... really.. but i cant believe that they dont have a properly audited statement of their cash reserves capital holdings, it just doesnt make sense to me.. this would soldify their company's operations in a perfect way. but, this is mr tomas's decision, and so that is the end of that, we dont get an audited statement of the company's capital cash holdings.. it...
Also, I’m pretty sure one accommodated request would be followed by multiple others and we don’t really want to get ourselves into such spiral.
Verification goal passed now I need not manage to ruin everything in 9 days) {image}
does anyone notice that the BTCUSD spread on ftmo platform literally doubled from previous times and now its around 14000, impossible to day trade... what happened ?? its even bigger than on ICMarkets broker, im dissapointed in this but the fact that it more than doubled from 1 or 2 weeks ago is interesting.
Yes, I need attention to all of you that may considering to participate in this challenge. I thought that with 155 euros you opt to a $40,000. But the thing is even worse, it is just $10,000. I published this and no one corrected me as the sellers of this company used to do (Koop, pipsmaster, nikosk0, all those that aren't able to perform simple math and are very disrespectful). They weren't interested in correct me, because that was even better scenario for them. But things are much worse: Just suppose that what one article says is true and just...
{quote} Or maybe no one. Or maybe they don't have the money required to fund those that pass. Or maybe they aren't regulated to fund anyone. Or even they aren't licensed to provide investment services. Those last two statements are true for sure.
I’d also like to get back to the first post. The Challenge is definitely not supposed to be an easy task, we need to test each trader before we provide him with our capital. I’ll leave it up to you to consider whether passing the Evaluation is „almost impossible“, however, I’m sure that you’ll be able to find here several traders who did pass.
If you think trading with your own capital would be more convenient for you, I’m not going to try to prove otherwise. However, I assure you that a $183 free margin would not let you open a single 1 lot trade with most brokers. With FTMO, we are simply trying to fix the undercapitalization of great retail traders and provide them with a better position in the market.
Question: Can you get a free trial of 100k amount? Can you re-take the free trial if you do not pass 1st time? My questions are probably answered in the previous 300+ pages. My apologies for not reading them all to find the answer. Did not see this addressed on the FTMO site. Thank you.
That's it for this week, most of the posts here did not require my reaction, so we're done quite quickly this time. I'll see you again next week, hopefully, earlier than Friday. Until then, feel free to leave here any questions/topics as usual.
Cheers.
-Tomas
- #6,559
- Edited 12:23pm Mar 26, 2021 12:07pm | Edited 12:23pm
{quote} What sentence? Cynicism is just a possible explanation for your very strange posts. Thanks for your support, anyway.
{quote} Well done however with the state of this thread this must be fake and from an FTMO employee (sarc)
You don't know what you have just done! Ready for the party? Clown is the less you will hear
- Clown is the less you will hear.
And you're welcome.
{quote} Quoting lakhan {quote} Well done however with the state of this thread this must be fake and from an FTMO employee (sarc) You don't know what you have just done! Ready for the party? Clown is the less you will hear Clown is the less you will hear. And you're welcome.
In which way that sentence may sound more native? Or at least understandable?
Clown is the most beatiful you'll hear
Clown, it's the least you'll hear
Always ready to help