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FTMO - For serious traders

  • #6,981
  • Apr 13, 2021 5:22pm Apr 13, 2021 5:22pm
Quoting Cryptosurf
{quote} Not really. TopStep had been around for over a decade doing essentially the same thing only for futures traders.
And what was their offerings 10 years ago? but I get your point.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #6,982
  • Apr 13, 2021 5:26pm Apr 13, 2021 5:26pm
Quoting Takisd
{quote} 20%, sweetie pie.. no.. Most of the big prop firms for futures offer 50% as a minimum after desk fees. Fund managers charge 2 and 20 as the traditional fee model but prop firms have always been ~50 percent, at least in the last 20 years. The top traders at a prop firm that shall not be named (futures) get 75% and no desk fees. But they are proven over time and perform.

Thanks for confirming with more numbers.. And I was not the one that said 20%.....
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #6,983
  • Apr 13, 2021 5:34pm Apr 13, 2021 5:34pm
Quoting Takisd
{quote} 20%, sweetie pie.. no.. Most of the big prop firms for futures offer 50% as a minimum after desk fees. Fund managers charge 2 and 20 as the traditional fee model but prop firms have always been ~50 percent, at least in the last 20 years. The top traders at a prop firm that shall not be named (futures) get 75% and no desk fees. But they are proven over time and perform.
Spot on..
  • #6,984
  • Apr 13, 2021 5:35pm Apr 13, 2021 5:35pm
Quoting PaulMF
{quote} Where can I find that verification? A prop-firm is just one or more individuals that open a trading account to trade their own capital. They don't usually hire traders, as they are the traders. When they decide to set some capital to an external trader, they usually don't pay more than 20% of trader's generated profits. It is the standard maximum in the industry. You get good enough traders with that profit share. No one will pay more when there is no need for that. Just enumerate some real prop-firms that pay more. Avoid to mention those...
Please see the post above..
  • #6,985
  • Apr 13, 2021 5:42pm Apr 13, 2021 5:42pm
Quoting Koop
{quote} Oh wow, that's good to know. Being accepted into such firms would be quite a challenge right? I've always felt like the remote prop thing just feels better than having to go into an office and work under the pressure of monitoring eyes and physical competition
To get in, you interview; like any job..
  • #6,986
  • Apr 13, 2021 5:43pm Apr 13, 2021 5:43pm
Quoting Thoughts
{quote}Please see the post above..
what post?
Always ready to help
  • #6,987
  • Apr 13, 2021 5:52pm Apr 13, 2021 5:52pm
Quoting Takisd
{quote} 20%, sweetie pie.. no.. Most of the big prop firms for futures offer 50% as a minimum after desk fees. Fund managers charge 2 and 20 as the traditional fee model but prop firms have always been ~50 percent, at least in the last 20 years. The top traders at a prop firm that shall not be named (futures) get 75% and no desk fees. But they are proven over time and perform.
This one..
  • #6,988
  • Apr 13, 2021 5:54pm Apr 13, 2021 5:54pm
Quoting Thoughts
{quote}This one..
In which way that post suits with this:

Where can I find that verification?

A prop-firm is just one or more individuals that open a trading account to trade their own capital. They don't usually hire traders, as they are the traders.

When they decide to set some capital to an external trader, they usually don't pay more than 20% of trader's generated profits. It is the standard maximum in the industry. You get good enough traders with that profit share. No one will pay more when there is no need for that.

Just enumerate some real prop-firms that pay more. Avoid to mention those "prop-firms" tha ask for participation fees in their challenges.

Salary? Also very weird. Prop-firms aren't usually big enough to afford salaries. Too little of them have traders on board. When they are big enough, they turn to funds, as they can secure capital from the public and earn more due to management fees. And, only funds with too much capital under management can afford salaries for others than their main manager.
Always ready to help
  • #6,989
  • Apr 13, 2021 6:10pm Apr 13, 2021 6:10pm
Quoting PaulMF
{quote} In which way that post suits with this: Where can I find that verification? A prop-firm is just one or more individuals that open a trading account to trade their own capital. They don't usually hire traders, as they are the traders. When they decide to set some capital to an external trader, they usually don't pay more than 20% of trader's generated profits. It is the standard maximum in the industry. You get good enough traders with that profit share. No one will pay more when there is no need for that. Just enumerate some real prop-firms...

"Prop firms don't usually hire Traders because they are their own Traders" ... WTF?

"Prop firms aren't big enough to afford salaries, when they get big enough they turn into funds" .... WTF??

You think a the foundation of a prop firm must be just a group of friends who come together to trade? You're not aware that a large capital investor could decide to start up one and hire Traders to trade for them, pay them a base salary and give an agreed cut?

You need to do a little reading Paula. You keep claiming you're very knowledgeable about the field but almost nothing you say is factual.
  • #6,990
  • Apr 13, 2021 6:25pm Apr 13, 2021 6:25pm
Quoting Koop
{quote} "Prop firms don't usually hire Traders because they are their own Traders" ... WTF? "Prop firms aren't big enough to afford salaries, when they get big enough they turn into funds" .... WTF?? You think a the foundation of a prop firm must be just a group of friends who come together to trade? You're not aware that a large capital investor could decide to start up one and hire Traders to trade for them, pay them a base salary and give an agreed cut? You need to do a little reading Paula. You keep claiming you're very knowledgeable about the...
Do you know how much capital you need to hire traders?

You are mixing (and many here) propietary trading and propietary trading firms. The difference relies on who conducts the propietary trading. If it is a broker or bank, then it is a big financial firm that decides to run part of its business as a propietary trading: market making, stat-arb, HFT, etc. Those pay salaries, but they aren't propietary trading firms. They are big financial firms making money not just by commissions from services they provide, in this case they also decide to go to the market and make some money.

Instead, the term being referred here is that of a firm where its sole nature is to go to the market and trade. To earn by trading. And usually this type of firms aren't big enough to hire traders. Otherwise, they will create a fund because it is good for their business. You can secure more capital and so, earn more money.

You better don't read because you will get lost with all that crap some scammers publish on the internet.

Instead of keep saying how much prop-firms pay or not. One that just shows those so many examples of prop-firms that pay 50% profit share.
Always ready to help
  • #6,991
  • Apr 13, 2021 6:37pm Apr 13, 2021 6:37pm
Quoting mtako
{quote} IF one can avoid FTMO till they work on their transparency a little bit, all the better.
Out of all them so far FTMO's has been the most transparent. People are (again) getting hung on percentage of successfully funded traders. As if that has anything to do with success in the real world.

For a small entrance fee they let me use their margin to trade with. In return, and if i am successful then I get 70% profits earned.

If someone is not successful with the rules FTMO imposes, then chances are they aren't successful with their own private account. From my own personal experience, if one is drawing down your account significantly in order to squeeze out a profit, then that train will soon run off the rails. IMO eeking out a 10% profit on a 100k margin account is mind-numbingly easy. But it takes patience and discipline. Something that most aspiring traders have problems with.

So one can either choose the road to refilling their own private account to stay in the game, or utilize a firm like FTMO.
Trade with confidence, trade without fear.
  • #6,992
  • Edited 7:02pm Apr 13, 2021 6:49pm | Edited 7:02pm
some love to stir, some love to be stirred. one loves to be messiah, some love to be the crucifiers, which sadly and ironically also have the messiah complex.
  • #6,993
  • Apr 13, 2021 6:52pm Apr 13, 2021 6:52pm
Transparency and FTMO do not match:

- They anounced psrnerships with liquidity providers when they aren't a broker and don't need liquidity. It seems like they had to remove from their website the LMAX thing.

- They say that they trade based on traders signals with real accounts when they have never shown any proof of that.

- They set objectives and rules that are far from what anyone has ever proved to reach in this industry.
Always ready to help
  • #6,994
  • Apr 13, 2021 7:06pm Apr 13, 2021 7:06pm
Quoting PaulMF
Transparency and FTMO do not match: - They anounced psrnerships with liquidity providers when they aren't a broker and don't need liquidity. It seems like they had to remove from their website the LMAX thing. - They say that they trade based on traders signals with real accounts when they have never shown any proof of that. - They set objectives and rules that are far from what anyone has ever proved to reach in this industry.
Go to the top of this thread and search LMAX. This is the problem, you don't do anything for yourself. If you search LMAX, you will see from Oct 2020 and prior, we were doing nothing but bitching about LMAX, all of us. They dropped LMAX for the traders benefit, not because LMAX lawyers said to.
  • #6,995
  • Apr 13, 2021 7:07pm Apr 13, 2021 7:07pm
Replying to Paul is the equivalent of stabbing yourself in the genitals and trying to laugh whilst doing it. Just stop, put him on ignore. As the simpsons said "just don't look".
  • #6,996
  • Apr 13, 2021 7:12pm Apr 13, 2021 7:12pm
Quoting pipmaster77
{quote} Go to the top of this thread and search LMAX. This is the problem, you don't do anything for yourself. If you search LMAX, you will see from Oct 2020 and prior, we were doing nothing but bitching about LMAX, all of us. They dropped LMAX for the traders benefit, not because LMAX lawyers said to.
I never said it's a lawyers thing.

Still don't have a proof that makes me think they are transparent company. When that type of proof is so beneficial and simple.
Always ready to help
  • #6,997
  • Apr 13, 2021 7:13pm Apr 13, 2021 7:13pm
Quoting Takisd
Replying to Paul is the equivalent of stabbing yourself in the genitals and trying to laugh whilst doing it. Just stop, put him on ignore. As the simpsons said "just don't look".
Did you try? Won't surprise me...
Always ready to help
  • #6,998
  • Apr 13, 2021 7:49pm Apr 13, 2021 7:49pm
Tune in for the next episode of "Paula goes to Prague" where pious pinhead Paula protects peons from prop firm piranhas.

By the way Thomas, could FTMO be a little more inclusive and provide some vegan butter, thx!

Pride always comes before destruction.... -Proverbs 16:18
  • #6,999
  • Apr 13, 2021 7:57pm Apr 13, 2021 7:57pm
Quoting Expo33
Tune in for the next episode of "Paula goes to Prague" where pious pinhead Paula protects peons from prop firm piranhas. By the way Thomas, could FTMO be a little more inclusive and provide some vegan butter, thx!
quite the tongue twister.
  • #7,000
  • Apr 13, 2021 7:58pm Apr 13, 2021 7:58pm
Check out my self scalping EA. Everyone can follow my transaction for a long time
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