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FTMO - For serious traders

  • #6,621
  • Apr 3, 2021 12:33am Apr 3, 2021 12:33am
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I've seen things you people wouldn't believe
  • #6,622
  • Apr 3, 2021 12:35am Apr 3, 2021 12:35am
In the spirit of keeping this thread transparent... Currently trading the 200k challenge. Sharing a concern in which I will update the thread how FTMO resolves, or does not resolve.

Compare/contrast the attached charts all based on bid price. The basket of non-FTMO accounts I trade, are all still in the EUR/CAD short position... however the Ftmo chart was the only pricing feed which breached the daily high. Unfortunately this took me out of a 13 lot FTMO position which would have significantly improved objective of meeting 20k target for challenge...

I’ve submitted concern via chat, and is now being “investigated” by FTMO support. Planning to post here when answer received.
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  • #6,623
  • Apr 3, 2021 12:48am Apr 3, 2021 12:48am
That's a great Idea.... I'm currently in Verification for the $100k Account and I'm a bit down.... No idea why I managed to get 10.25% for the Challenge and now struggle to get the 5% for the verification....

At least so far nothing violated of course.... And still time up to May to get it right:
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It's never too late to make a bad trade!
  • #6,624
  • Apr 3, 2021 4:59am Apr 3, 2021 4:59am
Quoting paxilein
That's a great Idea.... I'm currently in Verification for the $100k Account and I'm a bit down.... No idea why I managed to get 10.25% for the Challenge and now struggle to get the 5% for the verification.... At least so far nothing violated of course.... And still time up to May to get it right: {image}
damn man hope u turn it around, its a shame to fail it.
  • #6,625
  • Apr 3, 2021 5:07am Apr 3, 2021 5:07am
Quoting Swing4Fence
In the spirit of keeping this thread transparent... Currently trading the 200k challenge. Sharing a concern in which I will update the thread how FTMO resolves, or does not resolve. Compare/contrast the attached charts all based on bid price. The basket of non-FTMO accounts I trade, are all still in the EUR/CAD short position... however the Ftmo chart was the only pricing feed which breached the daily high. Unfortunately this took me out of a 13 lot FTMO position which would have significantly improved objective of meeting 20k target for challenge......
i checked also on the mt4 FTMO platform and it seems its the same to me, it breached the daily high, now i dont know whats up with that..
  • #6,626
  • Apr 3, 2021 5:10am Apr 3, 2021 5:10am
Inserted Video
  • #6,627
  • Apr 3, 2021 5:17am Apr 3, 2021 5:17am
Quoting Swing4Fence
In the spirit of keeping this thread transparent... Currently trading the 200k challenge. Sharing a concern in which I will update the thread how FTMO resolves, or does not resolve. Compare/contrast the attached charts all based on bid price. The basket of non-FTMO accounts I trade, are all still in the EUR/CAD short position... however the Ftmo chart was the only pricing feed which breached the daily high. Unfortunately this took me out of a 13 lot FTMO position which would have significantly improved objective of meeting 20k target for challenge......
IC Markets EURCAD chart breached the daily high as well.
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  • #6,628
  • Edited 7:35am Apr 3, 2021 5:38am | Edited 7:35am
Quoting Swing4Fence
In the spirit of keeping this thread transparent... Currently trading the 200k challenge. Sharing a concern in which I will update the thread how FTMO resolves, or does not resolve. Compare/contrast the attached charts all based on bid price. The basket of non-FTMO accounts I trade, are all still in the EUR/CAD short position... however the Ftmo chart was the only pricing feed which breached the daily high. Unfortunately this took me out of a 13 lot FTMO position which would have significantly improved objective of meeting 20k target for challenge......
Hello, I did a little research and I can show you that your concern about unfair FTMO quotes is unfounded, below I give screenshots from the TradingView platform from different liquidity providers of the very candle that knocked out your stop loss.
Your mistake is that you looked at "Area" charts when you need to watch "Candles".
In the upper left corner of the screenshots, the prices are indicated:
О - Candle Open Quote
H - Highest candlestick quote
L - Lowest candlestick quote
C - Quote of the candlestick closing
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sorry for my English, using google translator.
  • #6,629
  • Edited 6:11am Apr 3, 2021 5:42am | Edited 6:11am
Quoting Adekogbe21
{quote} Hello good day. I have seen your previous posts on this thread and i take it that you are Nigerian I am a Nigerian too and i want to join the FTMO challenge I just have a few questions and i would be glad if you can help me with the answers based on your personal experience I saw that you used bank wire as your withdrawal option, did you use your Naira account or a Dollar domiciliary account to accept profit split? If its your naira account, what was the conversion rate? Also is it the same method that you used to pay for the challenge?...
You can receive your profit split into your regular naira based bank account. The conversion rate is not stable as it is decided either by the the payment facilitator (if using a third party prcessor like Transferwise) or Your Bank, via direct bank wire transfer. It's just like withdrawing from an International Broker, If You withdraw $50, Your bank will make the conversion based on their own rates before depositing it into your naira account. All banks have differing exchange rates, so call your bank and ask. Also, Touchstone made his withdrawal since January, the bank rates have changed a lot since then.

I would suggest getting a domiciliary account. Would be easier for you to make payments for any challenges with a Dom debit card considering the $100 limit placed on Naira debit cards. Also, it feels better having your split deposited in dollars so you could exchange it at the black market rates Lol.

Goodluck.

Quoting Swing4Fence
In the spirit of keeping this thread transparent... Currently trading the 200k challenge. Sharing a concern in which I will update the thread how FTMO resolves, or does not resolve. Compare/contrast the attached charts all based on bid price. The basket of non-FTMO accounts I trade, are all still in the EUR/CAD short position... however the Ftmo chart was the only pricing feed which breached the daily high. Unfortunately this took me out of a 13 lot FTMO position which would have significantly improved objective of meeting 20k target for challenge......
Breached by a pip or 2 on pepperstone and 1 on Global Prime.
Funny how the supposedly B book brokers are the ones who contained the spike...

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  • #6,630
  • Apr 3, 2021 8:06am Apr 3, 2021 8:06am
Quoting Koop
{quote} You can receive your profit split into your regular naira based bank account. The conversion rate is not stable as it is decided either by the the payment facilitator (if using a third party prcessor like Transferwise) or Your Bank, via direct bank wire transfer. It's just like withdrawing from an International Broker, If You withdraw $50, Your bank will make the conversion based on their own rates before depositing it into your naira account. All banks have differing exchange rates, so call your bank and ask. Also, Touchstone made his withdrawal...
do you consider global and pepperstone B-book brokers ?
  • #6,631
  • Apr 3, 2021 11:04am Apr 3, 2021 11:04am
Re: EUR/CAD short.
My A book live accounts are still in this trade... This is what lead me to question and research. FTMO has been great to this point, I’m transparently sharing this issue to shed light on how resolution will be.

There have been pricing issues in the past on their previous platform, however was solved with the new liquidity providers. This has been the only pricing issue I’ve encountered for a very long time with FTMO.

Will share resolution.
  • #6,632
  • Apr 3, 2021 11:06am Apr 3, 2021 11:06am
Quoting lain7123
Hello everybody, I hope some of you can answer my question, I read ftmo uses "liquidity providers" not brokers, does that mean I can choose whatever broker I want? or how does that works?
It means you shouldn't pay FTMO anything because you don't understand the market you are looking to trade, save your money.
  • #6,633
  • Apr 3, 2021 11:17am Apr 3, 2021 11:17am
I see some conversation on eurcad.

I checked my chart, FTMO and another broker wherin I trade my live account.

Chart posted.

both same price.
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Intraday only.
  • #6,634
  • Apr 3, 2021 11:27am Apr 3, 2021 11:27am
Quoting Swing4Fence
In the spirit of keeping this thread transparent... Currently trading the 200k challenge. Sharing a concern in which I will update the thread how FTMO resolves, or does not resolve. Compare/contrast the attached charts all based on bid price. The basket of non-FTMO accounts I trade, are all still in the EUR/CAD short position... however the Ftmo chart was the only pricing feed which breached the daily high. Unfortunately this took me out of a 13 lot FTMO position which would have significantly improved objective of meeting 20k target for challenge......
It's an aggregate feed of LPs. I trade 5 brokers side by side myself, all offshore though, and I see this as well. Not saying it's correct, but I know that's the answer you're going to receive. As a former US trader myself, the most shocking thing to me in your post is forex.com and Oanda, both horrible bucket shops ,IMHO of course, DIDN'T take you out. I was done before NFP yesterday, but I did notice spreads at all of my brokers seemed to be at "rollover" prices by about 2:30 yesterday. My guess is due to the holiday weekend and low liquidity.
  • #6,635
  • Apr 3, 2021 11:30am Apr 3, 2021 11:30am
Quoting Takisd
{quote} It means you shouldn't pay FTMO anything because you don't understand the market you are looking to trade, save your money.
I was going to post the same exact thoughts. You probably have a good 2-3 years before you are ready for anything like this.
  • #6,636
  • Apr 3, 2021 4:15pm Apr 3, 2021 4:15pm
All liquidity suddenly disappeared from BTCUSD upon returning from the supposed 10min break.

Luckily I am short but even so it could bounce.

Last time this happened it was closed the entire weekend, then they said "oh lol we changed backends without telling anyone in advance".
  • #6,637
  • Apr 3, 2021 6:35pm Apr 3, 2021 6:35pm
Quoting Saxio
{quote} do you consider global and pepperstone B-book brokers ?
No I don't.
I was talking about most or all of the ones Fence referenced. Oanda, FXCM, Forex.com.

Almost all the supposedly ECN or STP brokers I've checked all spiked above the high, with global Prime being the least with only 0.5pips If I remember correctly.

I doubt FTMO would give any favourable resolution considering the sample size .. But it's worth trying I guess.
  • #6,638
  • Apr 4, 2021 6:14pm Apr 4, 2021 6:14pm
Quoting Koop
{quote} You can receive your profit split into your regular naira based bank account. The conversion rate is not stable as it is decided either by the the payment facilitator (if using a third party prcessor like Transferwise) or Your Bank, via direct bank wire transfer. It's just like withdrawing from an International Broker, If You withdraw $50, Your bank will make the conversion based on their own rates before depositing it into your naira account. All banks have differing exchange rates, so call your bank and ask. Also, Touchstone made his withdrawal...
Thank You very much
Your reply is very helpful, i have a dollar Dom account tho and ill use that & simply change to naira @ black market rates, that will be better than taking the risk of the banks giving me the CBN rate which is much lesser.
Thanks a lot, i really appreciate your reply
  • #6,639
  • Apr 5, 2021 3:03am Apr 5, 2021 3:03am
Quoting Takisd
{quote} It means you shouldn't pay FTMO anything because you don't understand the market you are looking to trade, save your money.
You make me remember an ad on youtube about stock trading, the guys asks "do you know the difference between nasdaq and nyse" if you have no idea you should buy my course," let me ask you something pal, why would that matter? how does that play into the specifics of my trading system? and why are you so rude? are you ok? everything good at home? I swear, people like you seem to appear everywhere, like little trolls underneath a bridge trowing rocks at everyone whoīs passing by. Itīs a technical question about how ftmo works around brokers and such, how does that automatically makes me a bad trader? Thanks for literally no help at all.
  • #6,640
  • Apr 5, 2021 3:10am Apr 5, 2021 3:10am
Quoting pipmaster77
{quote} I was going to post the same exact thoughts. You probably have a good 2-3 years before you are ready for anything like this.
Why do so many "experts" in here seem to have the same attitude, like you are in a high tower and everyones who asks even one question shouldnīt even botter try to reach where you are, I thought this was a helpful forum, but I was incorrect, I shouldnīt have thought that people were going to be helpful anywhere, itīs always the same, Iīd rather keep on doing everything by myself why seek help when everyone responds like this, I must keep walking by myself rather than trying to seek help from people in general. Didnīt FTMO open this thread for questions and answers? and why am I the only one getting this type of answers, everybody seems to be asking all kinds of general questions, people even failing the challenge, all I see is support, and then I try to get some of that support and I get this. Of course, why shouldnīt this be like this, itīs me after all eh.
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