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FTMO - For serious traders

  • #6,941
  • Apr 13, 2021 9:25am Apr 13, 2021 9:25am
Quoting Rmg
{quote} You are a great piece of work mate!! I give up..
Never give up! This is trading!

You may read this article that would help you in your trading emotions:

https://www.investopedia.com/article.../02/110502.asp
Always ready to help
  • #6,942
  • Apr 13, 2021 11:33am Apr 13, 2021 11:33am
Inserted Video

Hi Tomas do you have any thoughts on this?
To sum the video, Jessica (owner of Funding Talent) has said that no prop firms copy funded traders trades at all and solely pay them from challenge fees/subscriptions. On the FTMO website here: https://ftmo.com/en/faq/how-does-acc...echnical-side/ it's stated that for funded traders our accounts are connected to your proprietary trading firm's live trading account with real capital.

Is this still or has it ever been the case? I'm just worried that at some point the bubble will burst and failing traders will stop taking challenges. I'm about to start my verification for a 100k account.

Thanks for reading!
  • #6,943
  • Apr 13, 2021 12:41pm Apr 13, 2021 12:41pm
If this is true, the biggest drawback is the conflict of interest for these "firms"
Profitable traders who earn big bucks are eating into the firms profit.
Persistence will get it. Consistency will keep it.
  • #6,944
  • Apr 13, 2021 12:41pm Apr 13, 2021 12:41pm
Quoting Dao-trades
https://www.youtube.com/watch?v=-cFOMsMADCA Hi Tomas do you have any thoughts on this? To sum the video, Jessica (owner of Funding Talent) has said that no prop firms copy funded traders trades at all and solely pay them from challenge fees/subscriptions. On the FTMO website here: https://ftmo.com/en/faq/how-does-acc...echnical-side/ it's stated that for funded traders our accounts are connected to your proprietary trading firm's live trading account with real capital. Is this still or has it ever...

One would need much more than a video to prove that ALL do this. But we are inclined to believe what is better for us to believe... Fact is, "real" prop firms have existed for ages but its each and everyones job to do the research. But saying that all of these over there or those over there arent real, without proof, is just a mistake.

But hes got good points, thanks for sharing !

I wouldn t be surprised if FTMO succumbed eventually, and became partly transparent regarding some of their real trades, if any exist as they state, which I am inclined to believe for reasons I will not bother to explain here.

I would be satisfied, as a trader, with a receipt of entries with their liquidity providers, upon demand.

Also, the whole picture could not be entirely public because they clearly would be using quite a complex risk management system that makes them more profitable and competitive.

Good luck on your challenge. I dare you not try to get 10% on your first month, but just follow the rules and your rules and get ready for the free retry. Cheers !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #6,945
  • Apr 13, 2021 12:58pm Apr 13, 2021 12:58pm
@ftmo-thomas

Can you once and for all shut up all the doubters and haters of ftmo, with some real proof that you are not only funding the funded traders on the fees? Can you do this somehow?

Thank you.
  • #6,946
  • Apr 13, 2021 1:18pm Apr 13, 2021 1:18pm
Quoting fx11trade
@ftmo-thomas Can you once and for all shut up all the doubters and haters of ftmo, with some real proof that you are not only funding the funded traders on the fees? Can you do this somehow? Thank you.
haters? doubters?
learn to read, dont be lazy!
then call that spade a spade. nothing wrong with that.
for once and all!

here, for you and other lazy ones.
read about the award, and point out to yourself where do you read about funding traders.

Attached Image (click to enlarge)
Click to Enlarge Name: 7af932d0c9dffc425d70c8337e2d1522.png Size: 195 KB

Z

PS. for those who not understand clearly, online TRAINING platform not equal to an online trading platform!!
FTMO isnt a broker, never been, nor would be able to operate such, simply bcos the European regulations wouldnt allow that this simple as they allow to play a game for awards.
link on top some affiliate education, and sessions booked with a trading coach, maybe even a little extra from the likes of YouTube for the views....
not a bad business model.
but NOT a classic prop trading firm!
there is always, always another trade!!
  • #6,947
  • Apr 13, 2021 1:31pm Apr 13, 2021 1:31pm
Quoting Dao-trades
https://www.youtube.com/watch?v=-cFOMsMADCA Hi Tomas do you have any thoughts on this? To sum the video, Jessica (owner of Funding Talent) has said that no prop firms copy funded traders trades at all and solely pay them from challenge fees/subscriptions. On the FTMO website here: https://ftmo.com/en/faq/how-does-acc...echnical-side/ it's stated that for funded traders our accounts are connected to your proprietary trading firm's live trading account with real capital. Is this still or has it ever...
2 firms have already proved what this guy and what jessica said is bullshit. First being Buoytrade with their trade receipts etc and second being myforexfunds who just posted a letter from their broker which confirms they have funds in the live accounts.

FT loses credibility, but FTMO now needs to prove they are on the up and up as well i think. Industry is changing and the battle for traders has begun.
  • #6,948
  • Apr 13, 2021 1:36pm Apr 13, 2021 1:36pm
it is pretty clear FTMO works exactly like FUNDING TALENT, they run it just like a casino, 93% of traders that fail pay for the 7% that pass, but its even less than 7% as not all make it to payout, and also when a funded trader loses money, well, its just a demo account FTMO loses no money at all so its only a win for them, i say this is literally the definition of a pyramid scheme, the thing is to find out exactly when it will all collapse and if we are going to be able to exploit before it does. the fact that it went on for 5 years so far you could say its at its peak probably right now or that it still has a lot to go since it didnt collapse yet. and everyone is skeptical that FTMO literally has any capital on a broker that the funded demo accounts are linked to, unless there will be proof of that ,you can assume thats not the case.

they also deleted any trace of LMAX liquidity provider on their website, i wonder why, maybe because LMAX sent them a letter from their lawyers to stop using their name on their website.
  • #6,949
  • Apr 13, 2021 1:38pm Apr 13, 2021 1:38pm
Quoting Takisd
{quote} 2 firms have already proved what this guy and what jessica said is bullshit. First being Buoytrade with their trade receipts etc and second being myforexfunds who just posted a letter from their broker which confirms they have funds in the live accounts. FT loses credibility, but FTMO now needs to prove they are on the up and up as well i think. Industry is changing and the battle for traders has begun.
so the owner of FUNDING TALENT is lieing about the situation after being caught red handed ? and admiting the lie that is supposedely truth ?
  • #6,950
  • Apr 13, 2021 1:54pm Apr 13, 2021 1:54pm
Quoting Rayder4Life
{quote} so the owner of FUNDING TALENT is lieing about the situation after being caught red handed ? and admiting the lie that is supposedely truth ?
looks like it. And traders central fund appear to have proven that she is wrong as well.
  • #6,951
  • Apr 13, 2021 2:02pm Apr 13, 2021 2:02pm
Quoting Takisd
{quote} 2 firms have already proved what this guy and what jessica said is bullshit. First being Buoytrade with their trade receipts etc and second being myforexfunds who just posted a letter from their broker which confirms they have funds in the live accounts. FT loses credibility, but FTMO now needs to prove they are on the up and up as well i think. Industry is changing and the battle for traders has begun.
Hey Takisd would it be possible to send the link where myforexfunds post a letter from their broker confirming their live accounts, if it's not too onerous? I haven't been able to find anything on their website or IG account.
Also I'm not sure if you know this but it appears that Buoytrade has teamed up with FTMO to provide their funded program (although from their website, it appears that they operated in Singapore independently before joining with FTMO).

I'm not sure what to believe, but I've passed a FTMO challenge already so I'm not going to stop now. Just thinking about things long term.
  • #6,952
  • Apr 13, 2021 2:14pm Apr 13, 2021 2:14pm
Quoting Takisd
{quote} 2 firms have already proved what this guy and what jessica said is bullshit. First being Buoytrade with their trade receipts etc and second being myforexfunds who just posted a letter from their broker which confirms they have funds in the live accounts. FT loses credibility, but FTMO now needs to prove they are on the up and up as well i think. Industry is changing and the battle for traders has begun.
Wow, had never heard of buoytrade. So white label of FTMO, there is a evaluation before challenge and verification, but cost is less than half?? They have shown proof through trade receipts? Very interesting.
  • #6,953
  • Apr 13, 2021 2:25pm Apr 13, 2021 2:25pm
Quoting Rayder4Life
it is pretty clear FTMO works exactly like FUNDING TALENT, they run it just like a casino, 93% of traders that fail pay for the 7% that pass, but its even less than 7% as not all make it to payout, and also when a funded trader loses money, well, its just a demo account FTMO loses no money at all so its only a win for them, i say this is literally the definition of a pyramid scheme, the thing is to find out exactly when it will all collapse and if we are going to be able to exploit before it does. the fact that it went on for 5 years so far you...
FTMO stopped using LMAX because they sucked. Spreads were atrocious. They have their own aggregate feed of LPs, there is no broker the accounts are held with. TBH, their spreads are better than ANY broker I've ever used. Under 1 on GBPAUD and GBPCAD.
  • #6,954
  • Apr 13, 2021 2:34pm Apr 13, 2021 2:34pm
Quoting Takisd
{quote} 2 firms have already proved what this guy and what jessica said is bullshit. First being Buoytrade with their trade receipts etc and second being myforexfunds who just posted a letter from their broker which confirms they have funds in the live accounts. FT loses credibility, but FTMO now needs to prove they are on the up and up as well i think. Industry is changing and the battle for traders has begun.
That's weird, buoytrade is a white label/FTMO partner. How do they provide trade receipts if FTMO can't/won't?
Don't know how the whole White labeling thing works...

FTMO has about 2 or 3, buoytrade, FXGM or something like that.

Traders Central Fund has Fx Seed.

Quoting Dao-trades
{quote} Hey Takisd would it be possible to send the link where myforexfunds post a letter from their broker confirming their live accounts, if it's not too onerous? I haven't been able to find anything on their website or IG account. Also I'm not sure if you know this but it appears that Buoytrade has teamed up with FTMO to provide their funded program (although from their website, it appears that they operated in Singapore independently before joining with FTMO). I'm not sure what to believe, but I've passed a FTMO challenge already so I'm not...
There's no reason to stop now..lol come on, you paid already.
Finish up and make as much as you possibly can.
These fears have been here since last year and the year before, somehow they keep still paying Traders.

Quoting Rayder4Life
it is pretty clear FTMO works exactly like FUNDING TALENT, they run it just like a casino, 93% of traders that fail pay for the 7% that pass, but its even less than 7% as not all make it to payout, and also when a funded trader loses money, well, its just a demo account FTMO loses no money at all so its only a win for them, i say this is literally the definition of a pyramid scheme, the thing is to find out exactly when it will all collapse and if we are going to be able to exploit before it does. the fact that it went on for 5 years so far you...
Everything is an assumption at this point. Maybe maybe not. But if other firms like Audacity/ Blu FX, Topstep etc have been around for over 5 years and haven't shut down, I see no reason why FTMO won't last a little longer.
Also, as Takisd mentioned, firms are beginning to prove the Lying Jessica of Funding Talent wrong.
Whether FTMO chooses to show "proof" or not, people won't stop paying for challenges. The offers are too good to ignore.


Also, I think it's slightly hilarious that you would think that a firm currently as big and popular as FTMO is in the Forex space- would false claim the use of a widely known LP like LMAX. They don't really need to do that. They give out demo accounts!!!
  • #6,955
  • Apr 13, 2021 2:52pm Apr 13, 2021 2:52pm
Quoting Dao-trades
https://www.youtube.com/watch?v=-cFOMsMADCA Hi Tomas do you have any thoughts on this? To sum the video, Jessica (owner of Funding Talent) has said that no prop firms copy funded traders trades at all and solely pay them from challenge fees/subscriptions. On the FTMO website here: https://ftmo.com/en/faq/how-does-acc...echnical-side/ it's stated that for funded traders our accounts are connected to your proprietary trading firm's live trading account with real capital. Is this still or has it ever...
Jessica is a fraud women. Funding talent stolen my $155. when I was in profit they inactivated my account with out any notice. after that they are now saying my payment is risky that is way they did it. They said they will refund my $ but they never did it. complete fraud company funding talent company.
MA provides the market's current direction and strength.
  • #6,956
  • Apr 13, 2021 3:09pm Apr 13, 2021 3:09pm
Quoting pipmaster77
{quote} FTMO stopped using LMAX because they sucked. Spreads were atrocious. They have their own aggregate feed of LPs, there is no broker the accounts are held with. TBH, their spreads are better than ANY broker I've ever used. Under 1 on GBPAUD and GBPCAD.

lol, no they don't. They are a white label of someone, thats all. They just aren't offering retail costs.
  • #6,957
  • Apr 13, 2021 3:10pm Apr 13, 2021 3:10pm
Quoting Koop
{quote} That's weird, buoytrade is a white label/FTMO partner. How do they provide trade receipts if FTMO can't/won't? Don't know how the whole White labeling thing works... FTMO has about 2 or 3, buoytrade, FXGM or something like that. Traders Central Fund has Fx Seed. {quote} There's no reason to stop now..lol come on, you paid already. Finish up and make as much as you possibly can. These fears have been here since last year and the year before, somehow they keep still paying Traders. {quote} Everything is an assumption at this point. Maybe maybe...

Re: Buoytrade, i am skeptical of them still, the owner guy is clearly lying in his back story as its so nonsense that no one would believe it. He showed a trade receipt though from global prime. But he could have taken it from the many trade receipts available in the public from GP giving them out like candy.
  • #6,958
  • Apr 13, 2021 3:25pm Apr 13, 2021 3:25pm
Quoting Takisd
{quote} lol, no they don't. They are a white label of someone, thats all. They just aren't offering retail costs.
Oh, so they are white labeling a broker, but providing the raw spread with no markup? Either way, best spreads I've ever encountered.
  • #6,959
  • Apr 13, 2021 3:29pm Apr 13, 2021 3:29pm
Quoting pipmaster77
{quote} Oh, so they are white labeling a broker, but providing the raw spread with no markup? Either way, best spreads I've ever encountered.

Sure, but I don't think people understand the infrastructure cost of hosting your own bridge, aggregator, MT4 server (not white label) etc. They would need way more than just the challenge fees to maintain that. I welcome them to prove me wrong obviously, but I highly doubt they will.

If Buoytrade is anything to go by, they are using global prime. However, based on their symbols and the feed, I think its someone else (CFD's). For spread for customers, they can make it anything they want, thats the horror of metatrader, the price feed can have a symbol spread automatically set in the manager. It doesn't mean a) its real or b) they are sending trades to someone who has that spread.

That being said, the forex spreads are good, as close to raw as you will likely get with a liquidity cost. I won't deny that but it doesn't really mean anything. But hey, so long as they pay right.
  • #6,960
  • Apr 13, 2021 3:35pm Apr 13, 2021 3:35pm
Quoting claudia1
{quote} Ok fair enough. Did the free trial this morning out of interest pretty much tracking my live account. Whether or not they go live to market I don't know. They sure make money from the fees but what got me was the spread - it's more than double what I pay so they have to be making there too. {image}
Someone reported huge spreads.

LMAX was removed from their website. It was proudly mentioned for a while.
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