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FTMO - For serious traders

  • #6,801
  • Apr 11, 2021 10:28am Apr 11, 2021 10:28am
Quoting PaulMF
{quote} I have said it too much times: not interested in one user payouts. Sorry Tomas. Just interested in FTMO accounts, viability and ethics of their business. Fake users uploading fake statements as we have seen already does not help. No conspirancy theories from my side. All conjectures argumented and based on my knowledge in the field. All of them easily refutable with simple proofs. When simple proofs are easy to show and don't show, leads me to think what I think: this is a fraud. Too many fake users posting in this thread is what FTMO uses...
Yes, I know you're not interested in the fact that FTMO's payout record is spotless over several years. They say what they do and do what they say. But yea, let's question their viability and ethics. The victimhood/entitlement mentality is pervasive these days.

Just curious why you haven't spewed any of your infantile drivel on the 5ers thread?
Pride always comes before destruction.... -Proverbs 16:18
  • #6,802
  • Edited 3:46pm Apr 11, 2021 10:35am | Edited 3:46pm
Quoting Expo33
{quote} Yes, I know you're not interested in the fact that FTMO's payout record is spotless over several years. Just curious why you haven't spewed any of your infantile drivel on the 5ers thread?
THIS WAS UNFAIR FROM MY SIDE AND WANT TO APOLOGY FOR WHAT I WROTE IN THE FOLLOWING LINES. SORRY EXPO33 BUT THIS WASN'T SOMETHING I SHOULD HAVE COMMENTED TO YOU. I THOUGHT YOU WERE OTHER USER

Because that's what you and the rest of your fake indentities already do.

All what you post in other realtive threads lead to the same: FTMO is the best.

Thanks for preventing others to take other challenges. You make my job there.

But here, someone has to prevent others to go to the dark side. That's me!

Anyone can read my posts in any other thread. It is clear that I contribute to this community but you guys, you only contribute to FTMO, FTMO, FTMO...

I have been dealing with too much traders and I know how vulnerable they are to guys like you.
Always ready to help
  • #6,803
  • Apr 11, 2021 10:45am Apr 11, 2021 10:45am
Quoting PaulMF
{quote} Because that's what you and the rest of your fake indentities already do. All what you post in other realtive threads lead to the same: FTMO is the best. Thanks for preventing others to take other challenges. You make my job there. But here, someone has to prevent others to go to the dark side. That's me! Anyone can read my posts in any other thread. It is clear that I contribute to this community but you guys, you only contribute to FTMO, FTMO, FTMO... I have been dealing with too much traders and I know how vulnerable they are to guys...
Get a copy of their accounts won't cost much.

'Financial statements in the Czech Republic are filed to the trade register (Obchodní rejstřík) annually. The common deadline for submitting a financial statement is the 31st March of the following year, but in some cases it can be extended.'

Could end all arguments either way.
  • #6,804
  • Apr 11, 2021 10:46am Apr 11, 2021 10:46am
Quoting Cryptosurf
{quote} Correct, which is pretty much the same no matter where one trades. Trader success is based on years of blown accounts and or topping off accounts. One thing that separates FTMO from the sketchy new players on the scene is they have restrictions on news and weekends to protect accounts. These other sketchy outfits have zero restrictions. What does that tell you? As long as FTMO keeps paying me then I’ll keep trading off them.
I think weekends should be banned at all prop firms. Even institutions don't hold trades over weekends unless they ABSOLUTELY have to and they pay big for it. So definitely have to ban it in my opinion. Overnight is ok if you have the margin. News is ok if the traders can handle the slippage and understand real market conditions.
  • #6,805
  • Apr 11, 2021 10:47am Apr 11, 2021 10:47am
Quoting claudia1
{quote} Get a copy of their accounts won't cost much. 'Financial statements in the Czech Republic are filed to the trade register (Obchodní rejstřík) annually. The common deadline for submitting a financial statement is the 31st March of the following year, but in some cases it can be extended.' Could end all arguments either way.
There you don't have any information about the trading accounts. You will only see how profitable is their participation fees business.
Always ready to help
  • #6,806
  • Apr 11, 2021 10:49am Apr 11, 2021 10:49am
Quoting PaulMF
{quote} There you don't have any information about the trading accounts. You will only see how profitable is their participation fees business.
No they have to file balance sheet and p and l account.
  • #6,807
  • Apr 11, 2021 10:49am Apr 11, 2021 10:49am
Quoting PaulMF
{quote} But here, someone has to prevent others to go to the dark side. That's me!
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  • #6,808
  • Apr 11, 2021 10:54am Apr 11, 2021 10:54am
Quoting claudia1
{quote} No they have to file balance sheet and p and l account.
They have several company names. Not necessarily you will find the information you want.

The point is when some company demanded to be a trading firm, and every week the debate is whether it is or not. That company finally prove it and show audited accounts in some regulated broker where it can be clearly shown that they trade and have a team of super traders ever seen in other trading companies.

Here, that does not happen. Anyone like me, with some experience in the field knows the answer.
Always ready to help
  • #6,809
  • Apr 11, 2021 10:56am Apr 11, 2021 10:56am
Quoting PaulMF
{quote} They have several company names. Not necessarily you will find the information you want. The point is when some company demanded to be a trading firm, and every week the debate is whether it is or not. That company finally prove it and show audited accounts in some regulated broker where it can be clearly shown that they trade and have a team of super traders ever seen in other trading companies. Here, that does not happen. Anyone like me, with some experience in the field knows the answer.

Paul, you should open your own prop firm and revolutionize the industry... I dont think that every prop firm is a scam and I don't think that what FT said is true. I think we will find out soon. But you will not see audited accounts from a regulated broker for a proprietary firm. IT is not legally required anywhere. If they were soliciting funds and were fund managers, then yes. But you are wrong in your presumptions that a prop firm must present some info. At least they can have the broker verify that real funds are in the broker, but audited accounts? Are you kidding me? If every proprietary company (not just FX prop) had to do that the only people getting rich would be PWC etc.
  • #6,810
  • Apr 11, 2021 10:57am Apr 11, 2021 10:57am
Quoting PaulMF
{quote} They have several company names. Not necessarily you will find the information you want. The point is when some company demanded to be a trading firm, and every week the debate is whether it is or not. That company finally prove it and show audited accounts in some regulated broker where it can be clearly shown that they trade and have a team of super traders ever seen in other trading companies. Here, that does not happen. Anyone like me, with some experience in the field knows the answer.
Ok. Was just trying to help. I'll go away I'm not that interested anyway.

I do have a little bit of experience too having worked for an investment bank.
  • #6,811
  • Apr 11, 2021 11:05am Apr 11, 2021 11:05am
Quoting Takisd
{quote} Paul, you should open your own prop firm and revolutionize the industry... I dont think that every prop firm is a scam and I don't think that what FT said is true. I think we will find out soon. But you will not see audited accounts from a regulated broker for a proprietary firm. IT is not legally required anywhere. If they were soliciting funds and were fund managers, then yes. But you are wrong in your presumptions that a prop firm must present some info. At least they can have the broker verify that real funds are in the broker, but audited accounts? Are you kidding me? If every proprietary company (not just FX prop) had to do that the only people getting rich would be PWC etc.

I don't mean that type of audited account.

CTAs and other type of traders usually audit their account in a way that any one can verify that they really trade and their results are real.

I don't say prop-firms have to show their results. They are propietary firms. You and I could create one and trade. We would be a prop-firm.

The thing here is that with the excuse of looking for traders to your "trading firm" you ask for participation fees. You ask for rules and objectives that anyone in the field knows aren't possible.

So, if that's real, show us those amazing results of your traders. Otherwise, the suspicion is that they are spending the money they get in ads and pay "traders" to collaborate with them in social media.

They don't know how to trade and their real business is the participation fees and making you believe that this dream is possible when is not. They get more money paying those to collaborate than openning trading accounts. It's all very obscene.
Always ready to help
  • #6,812
  • Apr 11, 2021 11:07am Apr 11, 2021 11:07am
Quoting claudia1
{quote} Ok. Was just trying to help. I'll go away I'm not that interested anyway. I do have a little bit of experience too having worked for an investment bank.
Thanks for your help.

By the way, I never questioned your experience. Just in case.
Always ready to help
  • #6,813
  • Apr 11, 2021 11:16am Apr 11, 2021 11:16am
Quoting Saxio
Read this than you know why most traders lose https://tradeciety.com/24-statistics...rs-lose-money/ CONCLUSION :Why Most Traders Lose Money Is Not Surprising Anymore After going over these 24 statistics it’s very obvious to tell why traders fail. More often than not trading decisions are not based on sound research or tested trading methods, but on emotions, the need for entertainment and the hope to make a million dollars in your underwear. What traders...
In my opinion, these kind of statistics and every idea based on that specific statistic have very little weight, because they put anyone and everyone in the same basket.

If it does mean anything at all, is that most who trade aren't traders, they are people who can press an up or a down button, gamblers, newcomers, unicorns, mermaids, some are poor folks blinded by their desperation that get scammed left and right by anything and anyone because life has been just too much ...

and can you really base any serious trading conclusions on that? Mostly "gurus" selling something to the poor lads who dont know how to trade use this useless statistic to say : "My course will make you that 5% because of this and that...." follow me and not be part of that 95%!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #6,814
  • Apr 11, 2021 11:18am Apr 11, 2021 11:18am
Quoting Takisd
{quote} Paul, you should open your own prop firm and revolutionize the industry... I dont think that every prop firm is a scam and I don't think that what FT said is true. I think we will find out soon. But you will not see audited accounts from a regulated broker for a proprietary firm. IT is not legally required anywhere. If they were soliciting funds and were fund managers, then yes. But you are wrong in your presumptions that a prop firm must present some info. At least they can have the broker verify that real funds are in the broker, but audited...
You're wasting your breath on that fool. It's ironic him waving the moral authority flag. He's part of the MQL coding community who's rife with scammers and huckter's. Those who are selling the dream of making millions while sitting on the beach with an EA trading for you.
Trade with confidence, trade without fear.
  • #6,815
  • Apr 11, 2021 11:42am Apr 11, 2021 11:42am
Quoting Cryptosurf
{quote} You're wasting your breath on that fool. It's ironic him waving the moral authority flag. He's part of the MQL coding community who's rife with scammers and huckter's. Those who are selling the dream of making millions while sitting on the beach with an EA trading for you.
FTMO relatives. Wery kind.

I'm not part of any community. I just know how to code in MQL as in many other languages and I help others to their issues in that field.

I have never sold an EA. And I will never talk about making millions either by a trading robot nor any automated system. Anyone that reads my posts could quickly identify that I don't have anything to win by unveiling the FTMO business. We can't say the same about you.

Thanks for your contribution Cryptosurf, you are always welcome.
Always ready to help
  • #6,816
  • Apr 11, 2021 11:43am Apr 11, 2021 11:43am
Quoting Expo33
{quote} Yes, I know you're not interested in the fact that FTMO's payout record is spotless over several years. They say what they do and do what they say. But yea, let's question their viability and ethics. The victimhood/entitlement mentality is pervasive these days. Just curious why you haven't spewed any of your infantile drivel on the 5ers thread?
That and they utilize one of the top auditing firms (Deloitte) in the world. If FTMO was shady Deloitte would drop them in a heartbeat.

Im sure scammer Paul thinks he’s smarter then the people at Deloitte.
Trade with confidence, trade without fear.
  • #6,817
  • Apr 11, 2021 11:47am Apr 11, 2021 11:47am
Quoting Cryptosurf
{quote} That and they utilize one of the top auditing firms (Deloitte) in the world. If FTMO was shady Deloitte would drop them in a heartbeat. Im sure scammer Paul thinks he’s smarter then the people at Deloitte.
I'm pretty sure that some departments at Deloitte will feel shame of that award that goes to FTMO.

Do you want to bet? May I contact them....
Always ready to help
  • #6,818
  • Apr 11, 2021 12:16pm Apr 11, 2021 12:16pm
Quoting Cryptosurf
{quote} That and they utilize one of the top auditing firms (Deloitte) in the world. If FTMO was shady Deloitte would drop them in a heartbeat. Im sure scammer Paul thinks he’s smarter then the people at Deloitte.
dont put your trust that a Deloitte audited FTMO thorouglly and also based on what ? they said theyre the fastest growing company year on year, maybe as a casino yes!

there were many scammers that were audided by very reputable firms and even by the governments, like Bernie Maddof, or that crazy lady from sillicon valley, who dupped investors for billions of dollars and nobody had any idea what was behind it all Elisabeth Holmes, a pretend be female Steve Jobs.
  • #6,819
  • Apr 11, 2021 12:40pm Apr 11, 2021 12:40pm
Quoting PaulMF
{quote} You ask for rules and objectives that anyone in the field knows aren't possible.
Lol Holy crap this is the one that irks me the most. Stop referring to things that YOU can not do as impossible!! It's a loser mentality.

Okay, you don't believe that there are any traders on FF who have passed the challenge and are funded and received profit splits? what about the ones who post free trial or successful challenge results here?
Navk? Rayder? Lovescalping? Takisd who has passed two challenges in less than two days? amongst others i can't remember.

RMG was right, If you think 10% in a month is absolutely impossible, then i don't know what else to say to you.

stick to asking for audited report and questioning the administrative aspects of the business and quit talking dumb shit about the trading possibilities because you obviously do not have a clue.
  • #6,820
  • Apr 11, 2021 12:58pm Apr 11, 2021 12:58pm
Quoting Rayder4Life
{quote} dont put your trust that a Deloitte audited FTMO thorouglly and also based on what ? they said theyre the fastest growing company year on year, maybe as a casino yes! there were many scammers that were audided by very reputable firms and even by the governments, like Bernie Maddof, or that crazy lady from sillicon valley, who dupped investors for billions of dollars and nobody had any idea what was behind it all Elisabeth Holmes, a pretend be female Steve Jobs.
That being said, and in the context or resident nitwits ruPauls assertions, I’ll take Deloitte over that idiot any day.
Trade with confidence, trade without fear.
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