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FTMO - For serious traders

  • #6,721
  • Apr 9, 2021 12:27pm Apr 9, 2021 12:27pm
Quoting ForexGalVA
I would like to append to my message of just 5m ago. Don't know how or if it is possible. What is most important to me, after knowing fellow traders have received payment, is FTMO operated and functioning to be around for the long haul (10 years+)? What happens when they become more popular than they already are?
Regulatory bodies will have to move a step forward and apply new policies to prevent this type of business to exist.

That's why regulation affects us. There are always unethical practices that legitimate regulatory bodies to be more restrictive.
Always ready to help
  • #6,722
  • Apr 9, 2021 12:28pm Apr 9, 2021 12:28pm
to paul with love.
bank statement + trade explorer from my last 5 digit payment (refund is not included in the screenshots)

until someone says he didnt get paid, stop the false accusations and go to sleep. we all know you cant trade, get off here
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offering my system to copy trade. check my link
  • #6,723
  • Apr 9, 2021 12:38pm Apr 9, 2021 12:38pm
Quoting nikosk0
to paul with love. bank statement + trade explorer from my last 5 digit payment (refund is not included in the screenshots) until someone says he didnt get paid, stop the false accusations and go to sleep. we all know you cant trade, get off here {image} {image}
Re-sync the TE for credibility. It makes no sense that your TE's last shown trade was 56 days ago yet the withdrawal is recent.
  • #6,724
  • Apr 9, 2021 12:46pm Apr 9, 2021 12:46pm
Quoting nikosk0
to paul with love. bank statement + trade explorer from my last 5 digit payment (refund is not included in the screenshots) until someone says he didnt get paid, stop the false accusations and go to sleep. we all know you cant trade, get off here {image} {image}
You blocked me to post on your thread! Don't come now here with your proofs!

I'm not asking for a specific proof of someone that by chance passed the challenge.

I'm just pointing out that there many fake proofs and suspicious proofs. That the business model does not suit with that of a prop-firm.

I would like to see an audited trading account of FTMO. Where I can see what you and other traders do after one year of trading.

One just has to read your thread and posts to know that you don't have the knowledge required to professionally manage any trading account.

Do you like me to show you proofs that look like yours?
Always ready to help
  • #6,725
  • Apr 9, 2021 12:49pm Apr 9, 2021 12:49pm
Quoting kCBHk
{quote} Re-sync the TE for credibility. It makes no sense that your TE's last shown trade was 56 days ago yet the withdrawal is recent.
withdrawl was 17/february (17/02/21)
the day count adds up. after the payment, ftmo gives you a new account

Quoting PaulMF
{quote} You blocked me to post on your thread! Don't come now here with your proofs! I'm not asking for a specific proof of someone that by chance passed the challenge. I'm just pointing out that there many fake proofs and suspicious proofs. That the business model does not suit with that of a prop-firm. I would like to see an audited trading account of FTMO. Where I can see what you and other traders do after one year of trading. One just has to read your thread and posts to know that you don't have the knowledge required to professionally manage...

i want you to show me
ONE FUCKIN TRADER THAT DID NOT GET PAID FROM FTMO.

this is not a contest to prove my self as a trader, i dont need to do it. if i ever do it, i'll charge a lot for it.
this is for you to stop spiting bullshit accusations for non-existent problems

the fact that you do not belong to the traders that can actually make money means nothing to me, i got nothing to proove to you or anyone else.
offering my system to copy trade. check my link
  • #6,726
  • Apr 9, 2021 1:04pm Apr 9, 2021 1:04pm
Quoting nikosk0
{quote} withdrawl was 17/february (17/02/21) the day count adds up. after the payment, ftmo gives you a new account {quote} i want you to show me ONE FUCKIN TRADER THAT DID NOT GET PAID FROM FTMO. this is not a contest to prove my self as a trader, i dont need to do it. if i ever do it, i'll charge a lot for it. this is for you to stop spiting bullshit accusations for non-existent problems the fact that you do not belong to the traders that can actually make money means nothing to me, i got nothing to proove to you or anyone else.
As I have already said. You don't have to prove anything about yourself. It is all about FTMO.
Always ready to help
  • #6,727
  • Apr 9, 2021 1:06pm Apr 9, 2021 1:06pm
Quoting Rmg
{quote} Many have shown the proof already nik. Paul's ass is not banned from here for the very same reason you just shown proof to shut the naysayers. Do you get my point?
many, many, many


I'm not interested about those many.

Again, it is just about FTMO and their trading as prop-firm. And the way they promote the participation fees business.
Always ready to help
  • #6,728
  • Apr 9, 2021 1:24pm Apr 9, 2021 1:24pm
Quoting Rmg
{quote} Many have shown the proof already nik. Paul's ass is not banned from here for the very same reason you just shown proof to shut the naysayers. Do you get my point?
makes sence
offering my system to copy trade. check my link
  • #6,729
  • Apr 9, 2021 1:26pm Apr 9, 2021 1:26pm
Quoting Rmg
{quote} Did they contact you for their business? If not what is your problem? Care to see a specialist!
No problems. I'm ok.

Just worried for noobs that may find this an opportunity to get funded. Lottery is better.

Thanks
Always ready to help
  • #6,730
  • Apr 9, 2021 1:32pm Apr 9, 2021 1:32pm
Quoting Rayder4Life
it is true FTMO without fees would go bankrupt very fast because of low succesfull rate of just around 5% and even lower on the long term, the fees cover their losses from traders, but thats good because the retail trader has a chance if hes good to make money without havin any risk from his side, but FTMO to be able to offer that, they need the fees. imagine FTMO has 1000 traders without fees that have 100k accounts: 95% fail rate that means $5000 (takin the daily loss)x 950 = -$4,750,000 : 5% win rate that each trader makes around 10% = $10000...
Rayder, did you take the challange and verification?
  • #6,731
  • Edited 1:53pm Apr 9, 2021 1:39pm | Edited 1:53pm
Paula goes on a rant about fake proofs and fake Traders...

Quoting PaulMF
There aren't good traders at FTMO or unless no one has proved that. No one has also proved of getting paid properly. No one has proved that FTMO is trading and making money by trading.

All that have been shown here are very suspicious screenshots:
- One that demands to be at Netherlands but using a mobile phone that uses Irancell (Iran teleco company).
- One that connects just to post 3 times in this forum and one of the posts is a very suspicious screenshot.
- Another one that demands to be a certified Wealth Manager that show a screenshot of...

Nikos provides some proof in addition to those provided by many others ...

And Paula responds with this...
He's no longer interested in the initial argument?

Quoting PaulMF
{quote} As I have already said. You don't have to prove anything about yourself. It is all about FTMO.
Quoting PaulMF
{quote} many, many, many I'm not interested about those many. Again, it is just about FTMO and their trading as prop-firm. And the way they promote the participation fees business.
I guess we're back to waiting for FTMO's audited reports.
  • #6,732
  • Edited 2:19pm Apr 9, 2021 1:47pm | Edited 2:19pm
Quoting PaulMF
{quote} No problems. I'm ok. Just worried for noobs that may find this an opportunity to get funded. Lottery is better. Thanks

the odds are much better than the lottery

8% pass the challenge, the lottery is about 0.00000000000000000000006766278546 %
  • #6,733
  • Apr 9, 2021 2:26pm Apr 9, 2021 2:26pm
Quoting Koop
But your last post here regarding real people earning from FTMO is far from logical Z.
i didnt say ppl arent getting paid.

i have removed the post, decided not to get this contraversial topic discussed.
i said most those samples highlighted at best cherry picked.
the rest about reviews, etc, are true. the forum has memory. searchable too.
the video on FTMO's channel, i didnt want to use trader's name ( easy to find there as only one with 40k), but a little research into.
anyway, want to discuss more, find me when i am free, and we talk.
happy weekend!
there is always, always another trade!!
  • #6,734
  • Apr 9, 2021 2:41pm Apr 9, 2021 2:41pm
Quoting Saxio
{quote} the odds are much better than the lottery 8% pass the challenge, the lottery is about 0.00000000000000000000006766278546 %
Reward/Risk
Always ready to help
  • #6,735
  • Apr 9, 2021 2:41pm Apr 9, 2021 2:41pm
Quoting kirinda
{quote} Rayder, did you take the challange and verification?
i took one but used a stupid EA out of idiocy and broke the daily loss limit lol, im gonna take another one soon but until them been trading on trial and ive passed 2 trials so far, so im confident ill take the next challenge.
  • #6,736
  • Apr 9, 2021 5:51pm Apr 9, 2021 5:51pm
Have a great weekend everyone,

I hope everyone had a fine and profitable week as usual, let’s get to our regular weekly update.
Despite the short Easter break, our week was rather busier than usual.
Finally, the pandemic-related restrictions are slowly loosening and the whole team is partially returning back to the office.

Let‘s move on to platforms: last week on Sunday (4th of April), we faced a quick issue between approx. 23:00 and 23:59 CEST (00:00 – 00:59 platform time) when Cryptocurrencies on cTrader failed to receive quotes. The issue was fixed and further steps were taken to prevent the same issue from occurring in the future. Only a few traders were affected and nearly all of the cases have been settled already.

Lastly, I would like to apologize for not responding to some of the private messages here in due time. I have been quite busy recently and do not check the private messages here very often. I always appreciate your feedback and if you wish to address me privately, I will gladly reply to you, but please send us an email to [email protected] and reference ForexFactory and my name to get the email transferred to me. As we want to keep our communication organized, we strongly prefer that communication channel to any other. Thank you for your understanding.

That’s about it for the updates and platform report, so finally, let’s talk about your questions. Just as last week, most of the posts here were a product of organic discussions about your trading, which is great. There was also a couple of questions and posts that I’d like to react to, so kindly find those below:


Quoting LoveScalping
{quote} Thomas, please see the private messages sent a few days ago with very important information.
Hello LoveScalping, check your inbox, my response should already be there.

Quoting Saxio
{quote} Hi Thomas, how soon would BTC payout be available ? Weeks , months from now ?
Hi Saxio, the feature is currently in a very early stage of rather planning than development. All of the reputable providers we have checked are taking much larger commissions for the payment as compared to established payment providers, so we are still looking for one that could provide stable and secure service without charging such large transaction fees. If you have any suggestions, we always welcome feedback and suggestions.

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?
Hi Lain7123, in simple terms, a liquidity provider is the entity that is providing the prices for the charts and executes the trades in the market, a broker is the entity that you have an account with and provides a complete technical solution for you so you can trade. Most brokers use external liquidity providers.
We do not use any third-party brokers and have our own FTMO Platform instead, for which we use a pool of multiple liquidity providers. We offer accounts on MT4, MT5, or cTrader.
Back when we used to depend on other brokers, there were many delays in the processing of our traders' requests and other issues, so we decided to discontinue the cooperation with external brokers and focus only on our own solution instead.

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 Swing4Fence, I’ve checked the particular EURCAD spike from the 2nd of April on our platform & with other brokers as well. The situation has occurred with all the brokers I’ve been checking, including the ones you’ve mentioned in your post.
The reason why you do not see the spike on the chart is due to the chart settings. If you change the chart settings from area to bars or candles, you’ll see a near identical spike. I’ve also attached a screenshot from TradingView as well, now changed to the bar chart.
From what I’ve seen, the spike has usually reached the level of around 1.48040, so our platform is not an exception there.
I’m sorry to hear that the sudden whipsaw closed you out of your trade, however, the spike occurred across many markets at many brokerages and the received Datafeed is correct. Actually, on the 2nd of April, certain spikes at 15:30 platform time have occurred on all EUR Forex pairs, most definitely caused by Non-Farm Employment Change.

Quoting ia1979
{quote} Scalping is allowed but supposedly they copy your trades on a live account, and if you use ultra fast scalping techniques, they might not be able to copy you. In which case, they can ask you to take the challenge again for free with a different trading style. That's my understanding anyway. I used a scalping EA on their demo account and generated massive profit within a few days. However, when I tried the same EA on their challenge, it lost more than it won. Not sure why that was, and never got an answer from FTMO. There should not have...
Hi Ia1979, extremely fast scalping used to be an issue a while back. With the current live execution model, the issue is no longer relevant, which, as I can see, you got confirmed by our support agent as well.
While our Challenges, Verifications, and FTMO Accounts have been running on live execution model for quite a long time already, we did have a true demo execution (instant fills without any slippages) on our Free Trials for a brief period of time. I’m not exactly sure when was the change done to Free Trials, but I can confirm that all our accounts – Free Trials, FTMO Challenge, Verifications, and FTMO Accounts – run on a live execution model.

Quoting Saxio
{quote} Hello Thomas , let’s take a 100K account with stop out of 10% being 10K at 90K balance suppose I am up to 120K , my stop out will still be 90K balance or is this a trailing stop out meaning you will stop me out at 10% of 120K so at 108K ?
Hello again Saxio, the Max Loss limit of 10% is being counted from the initial capital. That means if you’d increase your balance on a $100,000 account to $120,000, you could now afford to lose up to $30,000 overall (assuming you would not exceed the Max Daily Loss) before breaching the Max Loss.

Quoting mtako
{quote} the daily loss limit is in effect even with floating profits ? well that takes plenty of good positive compounding strats out of the way. Strange.. If the protective stops are far up in profit, one would think the compounded floating profits would not count. wait... this is 5% ! shouldnt get even close to that. Except for this crazy challenge I guess. P.S I would just trade as usual for my 1-3% gain and use the free retakes till the right time to safely scale up happens. Some months, its just not worth risking whats needed for 10% profit....
Hi Mtako, your profits, whether closed or floating, are considered in your Loss limits. If you are in a $2,000 floating/closed profit, the limit is increased by $2,000 for the rest of the day. Naturally, if you lose $2,000, your Permitted loss for the rest of the day will decrease by those $2,000. Just keep in mind that the Max Daily Loss resets to the default value every day at midnight CE(S)T (01:00 platform time).
From our experience, we know that revenge trading is quite prevalent and thus we try to protect our traders by setting a 5% Max Daily Loss to help them avoid the situation. We want to work with mature and disciplined traders and believe that staying within this limit should not be a problem.

Quoting sangocou5
Guys anyone experienced trades on the ftmo account being open randomly ? I had like 10 trades open randomly one after another on a pair which I don't even have in my watchlist and when I emailed them they are not taking any responsibilty they are blaming me for that.
Hello Sangocou5, if there are any open trades that were not executed by yourself, I would suspect an EA you might be using. To prevent any accidental actions, our employees generally have the access to the investor password only, so any trade execution on the client’s account coming from us is out of the question. As the login credentials are no longer sent via email, a virtual security breach is also highly unlikely.
If you have reported the case to us and the investigation has already been closed, I’m sure we have provided a further explanation to you.
If you believe an error might have been made, feel free to email us and request your email to be transferred to Tomas referencing the ForexFactory so I can review your case further.


And yet again, we find ourselves at the end of the update. If some of you noticed that my posts are not as extensive as they used to be, you are correct. I believe most of the traders here are already familiar with how does FTMO, so there are not as many general questions as before.
The second factor is how busy I've recently become. During the whole week, there's not much time left for anything, however, we do consider this forum as our closest connection to the trading community, and hence very important.
Thank you for reading the whole thing, see you soon.

-Tomas
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  • #6,737
  • Apr 9, 2021 7:35pm Apr 9, 2021 7:35pm
Quoting pipmaster77
{quote} Were they winning trades? Did you have an EA running, perhaps? very easy to go into the log and see how, when, where, ip address, etc. of who opens and closes a trade. I know brokers don't buy that "my platform just randomly opened up a bunch of losing trades", I don't think FTMO will either.
How do I do that ?
Is it the log from the data folder ? if yes I've got that open but don't think there is much on that to see or am I looking at the wrong file ?
Thanks
  • #6,738
  • Apr 9, 2021 8:07pm Apr 9, 2021 8:07pm
Quoting Tomas-ftmo
Have a great weekend everyone, I hope everyone had a fine and profitable week as usual, let’s get to our regular weekly update. Despite the short Easter break, our week was rather busier than usual. Finally, the pandemic-related restrictions are slowly loosening and the whole team is partially returning back to the office. Let‘s move on to platforms: last week on Sunday (4th of April), we faced a quick issue between approx. 23:00 and 23:59 CEST (00:00 – 00:59 platform time) when Cryptocurrencies on cTrader failed to receive quotes. The issue was...
Thanks for confirming Tomas. I will try the EA out on the free trial and FTMO challenge one more time and if it works on the free trial, it should also work fine on the challenge.
  • #6,739
  • Apr 10, 2021 2:17am Apr 10, 2021 2:17am
Quoting Rayder4Life
{quote} i took one but used a stupid EA out of idiocy and broke the daily loss limit lol, im gonna take another one soon but until them been trading on trial and ive passed 2 trials so far, so im confident ill take the next challenge.
Do you get next try for free (I read on their web site if you are in plus at the challange you get another try for free)? I passed one trial this week and if I passing the next trial I will try the challenge.

Here is my trial:

Account MetriX 2100276383 | FTMO
  • #6,740
  • Apr 10, 2021 3:40am Apr 10, 2021 3:40am
Quoting kirinda
{quote} Do you get next try for free (I read on their web site if you are in plus at the challange you get another try for free)? I passed one trial this week and if I passing the next trial I will try the challenge. Here is my trial: Account MetriX 2100276383 | FTMO
no, i violated the max daily loss so i have to get another challenge all together. your trial looks okay but you need to make $5000 so keep going until you reach that, its no point in starting a challenge if u cant reach that level yet.
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