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FTMO - For serious traders

  • #6,741
  • Apr 10, 2021 6:49am Apr 10, 2021 6:49am
Tomas,


how much % pass to the funded FTMO account ?

how much % of those funded are still funded after 1 month and 3 months ?
  • #6,742
  • Apr 10, 2021 1:36pm Apr 10, 2021 1:36pm
Quoting Saxio
Tomas, how much % pass to the funded FTMO account ? how much % of those funded are still funded after 1 month and 3 months ?
No one.

juega a la bonoloto(lottery), I use to. Sometimes, you win some money haha
Always ready to help
  • #6,743
  • Apr 10, 2021 2:15pm Apr 10, 2021 2:15pm
“ In the Ghaney Affidavit, Ghaney represented that:
a. the Company is an online pay-to-play learning platform for Members who want to play and learn about retail investing;
b. none of the Accounts contain real dollars and no funds are ever deposited or withdrawn from the Accounts;
c. Members who play within the Rules set by the Company and generate fictitious profits are paid a “Talent Bonus” which is paid from revenue generated through subscription fees;
d. the real accounts do not contain real dollars. They are also simulated accounts and there is no real trading conducted in these accounts;
e. Membersusinganytypeofaccountareneverintherealmarket;
f. Members are never provided with real money in which to trade and all trades are conducted on demo accounts offered by brokerages that the Company has chosen;
g. for a subscription fee, a Member has access to what is akin to “monopoly money” to trade with on a simulated market; and
h. there is no “profit sharing” of any proceeds from any real world trades. A member can earn credits and take a portion of those credits out as cash which is funded through subscription fees collected from other Members.”

https://nssc.novascotia.ca/sites/def...20Decision.pdf

NOW WE KNOW THAT FUNDING TALENT IS JUST A GAME , NO REAL TRADES IN THE REAL MARKET





Tomas , same for FTMO ?
  • #6,744
  • Apr 10, 2021 2:45pm Apr 10, 2021 2:45pm
Quoting Saxio
Tomas , same for FTMO ?
they have a at least 2 years in advance to their current "competition", lol, let's do some #s here..... say the average account bought by a total of 5 thousand traders in any period of time (let's asume in a 3 months period) was the 50k (Eur345), of which 95% were failed attempts (or maybe more) = 4,750 failed challenges x Eur$345 = Eur$1.6 million. ...Bingo! now make it...2 years... = boom!
  • #6,745
  • Apr 10, 2021 2:47pm Apr 10, 2021 2:47pm
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.

If you read the above post , then you know it should be no surprise , IN THE END THEY DONT WANT REALLY GOOD TRADERS MAKING “FAKE MONEY” BECAUSE THAT MEANS LESS PROFIT FOR THEM
  • #6,746
  • Apr 10, 2021 3:21pm Apr 10, 2021 3:21pm
Quoting Saxio
“ In the Ghaney Affidavit, Ghaney represented that: a. the Company is an online pay-to-play learning platform for Members who want to play and learn about retail investing; b. none of the Accounts contain real dollars and no funds are ever deposited or withdrawn from the Accounts; c. Members who play within the Rules set by the Company and generate fictitious profits are paid a “Talent Bonus” which is paid from revenue generated through subscription fees; d. the real accounts do not contain real dollars. They are also simulated accounts and there...
Lol so funding talent eventually had the court showdown.
Well, it was obvious what they were up to. It's obvious that the 10% bonus biweekly payment guys like Funding talent and MFF were paying profitable Traders from sign up and monthly subscription fees. After all, it's just a measly 10% profit share.

I've seen payouts as little as $60, few barely ever cross the $500 mark.

I don't know for sure if FTMO is doing the same thing, but I sure as hell know that it's harder to fulfil the same obligations when you're paying out 70% profit shares, refunding successful one time challenge fees without the luxury of collecting monthly subscriptions like "firms" like Funding Talent do.
  • #6,747
  • Apr 10, 2021 3:43pm Apr 10, 2021 3:43pm
Quoting Koop
{quote} Lol so funding talent eventually had the court showdown. Well, it was obvious what they were up to. It's obvious that the 10% bonus biweekly payment guys like Funding talent and MFF were paying profitable Traders from sign up and monthly subscription fees. After all, it's just a measly 10% profit share. I've seen payouts as little as $60, few barely ever cross the $500 mark. I don't know for sure if FTMO is doing the same thing, but I sure as hell know that it's harder to fulfil the same obligations when you're paying out 70% profit shares,...

That 10% is during the challenge phase , if you are “funded” , FT pays out 75 to 90 % of profits, even more than FTMO
  • #6,748
  • Apr 10, 2021 6:54pm Apr 10, 2021 6:54pm
Quoting Saxio
{quote} That 10% is during the challenge phase , if you are “funded” , FT pays out 75 to 90 % of profits, even more than FTMO
Lol yeah, let me know when you find any "funded" Funding Talent traders, because all I've seen are people earning the 10% bonus.
This challenge model is what I believe will produce the first set of actual "funded" Traders if FT can put the legal issues behind them.
  • #6,749
  • Apr 10, 2021 7:43pm Apr 10, 2021 7:43pm
Quoting Saxio
“ In the Ghaney Affidavit, Ghaney represented that: a. the Company is an online pay-to-play learning platform for Members who want to play and learn about retail investing; b. none of the Accounts contain real dollars and no funds are ever deposited or withdrawn from the Accounts; c. Members who play within the Rules set by the Company and generate fictitious profits are paid a “Talent Bonus” which is paid from revenue generated through subscription fees; d. the real accounts do not contain real dollars. They are also simulated accounts and there...
If I am reading the decision right, it's actually in favor of Funding Talent because the freeze order was lifted!

I guess this means those suing the firm have to do a good job of proving their allegations. Good luck to them. Hopefully, justice prevails...
Amor Fati--F. Nietzsche
  • #6,750
  • Apr 10, 2021 7:45pm Apr 10, 2021 7:45pm
Quoting Koop
{quote} Lol so funding talent eventually had the court showdown. Well, it was obvious what they were up to. It's obvious that the 10% bonus biweekly payment guys like Funding talent and MFF were paying profitable Traders from sign up and monthly subscription fees. After all, it's just a measly 10% profit share. I've seen payouts as little as $60, few barely ever cross the $500 mark. I don't know for sure if FTMO is doing the same thing, but I sure as hell know that it's harder to fulfil the same obligations when you're paying out 70% profit shares,...
Now Funding Talent is giving some explanation on Instagram, and saying they are transparent and yes, accepting they profit from subscriptions fees and yes, that how every prop firm operates, so they do as well, basically what they said...

more here: https://www.instagram.com/stories/fu...4221292127364/
  • #6,751
  • Apr 10, 2021 10:11pm Apr 10, 2021 10:11pm
Quoting valenpty
{quote} Now Funding Talent is giving some explanation on Instagram, and saying they are transparent and yes, accepting they profit from subscriptions fees and yes, that how every prop firm operates, so they do as well, basically what they said... more here: https://www.instagram.com/stories/fu...4221292127364/

What a fucking cop out.

"Yes guys, we do not fund you, we make money from the fees only.... But hey, everyone does it, and if you dont believe that you are stupid"... man all it would take is for a prop firm to prove they have funds in a broker to sink that ship and prove her a liar. I hope someone does it.

I am starting to find FT to be really uppity lately and instead of addressing their own company they basically shit on the industry.
  • #6,752
  • Apr 11, 2021 2:55am Apr 11, 2021 2:55am
I have a feeling that FTMO literally does the same thing, theres no demo account connected to a real account, its just make believe, if you make money on the funded account you get payed, if you dont they dont lose anything as its a demo acccount, thats it, and the fees keep coming along to fill the coffers, they might always pay traders from their own pockets as funding talent just admited. Just a speculation, lets see if Thomas will want to dive into this and refute it with proof, if not we will never know and the skepticism will always hover over FTMO
  • #6,753
  • Apr 11, 2021 3:25am Apr 11, 2021 3:25am
Quoting Rayder4Life
I have a feeling that FTMO literally does the same thing, theres no demo account connected to a real account, its just make believe, if you make money on the funded account you get payed, if you dont they dont lose anything as its a demo acccount, thats it, and the fees keep coming along to fill the coffers, they might always pay traders from their own pockets as funding talent just admited. Just a speculation, lets see if Thomas will want to dive into this and refute it with proof, if not we will never know and the skepticism will always hover...
I don’t know if they copy all funded traders, but it seems logical to think that they copy at least the transactions of their best traders. You can also read in their terms and conditions that a trader has to agree with the sharing of the demo account transactions with third parties.
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  • #6,754
  • Apr 11, 2021 3:35am Apr 11, 2021 3:35am
Quoting Rayder4Life
I have a feeling that FTMO literally does the same thing, theres no demo account connected to a real account, its just make believe, if you make money on the funded account you get payed, if you dont they dont lose anything as its a demo acccount, thats it, and the fees keep coming along to fill the coffers, they might always pay traders from their own pockets as funding talent just admited. Just a speculation, lets see if Thomas will want to dive into this and refute it with proof, if not we will never know and the skepticism will always hover...

Just playing devils advocate here ... if you get paid on the funded account do you really care?
like what I’m trying to say what does it matter if it’s a live or demo ? Or if it’s linked to live or not ... as long as you get paid

IMO - yes a lot if not all these “prop firms” make their money with subs ... hence why some of these have some real daft rules as part of their model ... to make it harder for the trader and increasing the chance to fail
What I look for is a firm with as little restrictions for the trader as possible... if you find one with just DD limits that’s pretty good just my 2 cents
  • #6,755
  • Apr 11, 2021 3:40am Apr 11, 2021 3:40am
Quoting allinazi
{quote} Just playing devils advocate here ... if you get paid on the funded account do you really care? like what I’m trying to say what does it matter if it’s a live or demo ? Or if it’s linked to live or not ... as long as you get paid IMO - yes a lot if not all these “prop firms” make their money with subs ... hence why some of these have some real daft rules as part of their model ... to make it harder for the trader and increasing the chance to fail What I look for is a firm with as little restrictions for the trader as possible... if you find...
In the long run, it matters. No real trader would want to be trading and making tons of profits only to be denied payout.

The fact that you can't think of this clearly exposes what kind of person you are. Everyone was right to call you a scammer.
  • #6,756
  • Apr 11, 2021 3:42am Apr 11, 2021 3:42am
Quoting kCBHk
{quote} In the long run, it matters. No real trader would want to be trading and making tons of profits only to be denied payout. The fact that you can't think of this clearly exposes what kind of person you are. Everyone was right to call you a scammer.
read what I wrote properly again you have the inability to read ....
“AS LONG AS YOU GET PAID”

please don’t start again with useless accusations I won’t even entertain them this time
  • #6,757
  • Apr 11, 2021 3:50am Apr 11, 2021 3:50am
Quoting kCBHk
{quote} In the long run, it matters. No real trader would want to be trading and making tons of profits only to be denied payout. The fact that you can't think of this clearly exposes what kind of person you are. Everyone was right to call you a scammer.
Correct , IT MATTERS , if you are really good and trade a 400K account and make tons of money and FTMO has to pay this from subscription fees alone (supposing no real trades are ever executed) , then there is a HUGE CONFLICT OF INTEREST , the more you make , the less they make, so what do you expect what FTMO will do in the long run ? SABOTAGE YOU OR KICK YOU OUT
  • #6,758
  • Apr 11, 2021 3:52am Apr 11, 2021 3:52am
Quoting allinazi
{quote} read what I wrote properly again you have the inability to read .... “AS LONG AS YOU GET PAID” please don’t start again with useless accusations I won’t even entertain them this time
I don't need to go in-depth with you, because clearly, everyone can see what's wrong with your statement.

Adding a "as long as you get paid" is irrelevant, because I already clearly pointed out that it is likely to not happen if the model isn't sound.
  • #6,759
  • Apr 11, 2021 4:05am Apr 11, 2021 4:05am
if FTMO robs peter to pay paul, well thats literally the definition of a ponzi scheme, if they pay traders from the fees they collect from failed challenges, thats a ponzi scheme, because it runs as long as they have new people coming it, when people stop coming it all crashes down.
  • #6,760
  • Apr 11, 2021 4:39am Apr 11, 2021 4:39am
Quoting Rayder4Life
I have a feeling that FTMO literally does the same thing, theres no demo account connected to a real account, its just make believe, if you make money on the funded account you get payed, if you dont they dont lose anything as its a demo acccount, thats it, and the fees keep coming along to fill the coffers, they might always pay traders from their own pockets as funding talent just admited. Just a speculation, lets see if Thomas will want to dive into this and refute it with proof, if not we will never know and the skepticism will always hover...
What makes you feel this way have you looked at their books or something????
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