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FTMO - For serious traders

  • #7,001
  • Apr 13, 2021 8:00pm Apr 13, 2021 8:00pm
Quoting Moral
Check out my self scalping EA. Everyone can follow my transaction for a long time {image}
You mean Immoral?
  • #7,002
  • Apr 13, 2021 8:04pm Apr 13, 2021 8:04pm
Quoting Cryptosurf
{quote} 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...
Well said.
  • #7,003
  • Apr 13, 2021 8:22pm Apr 13, 2021 8:22pm
My real account has been running with my EA for more than a year. The broker is: Can IC Markets directly provide funds for trading?
  • #7,004
  • Apr 14, 2021 2:07am Apr 14, 2021 2:07am
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!
FTMO's relatives very kind!
Always ready to help
  • #7,005
  • Apr 14, 2021 3:17am Apr 14, 2021 3:17am
Quoting Cryptosurf
{quote} 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...

but there is no margin youre trading with, its all make believe
  • #7,006
  • Apr 14, 2021 4:21am Apr 14, 2021 4:21am
Quoting Rayder4Life
{quote} but there is no margin youre trading with, its all make believe
And that's another transparency issue I forgot to mention.

Transparency and FTMO do not match:

- They offer a leverage of 1:100 when that's not allowed in their jurisdiction. They have never proved that they have a 1:100 leverage account on some broker out of their jurisdiction where they trade their capital based on their "traders" signals.

- They anounced partnerships 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.


Another issue that I find of great importance. Yesterday, some FTMO supporters flood this thread with allegations about the profit-share of a real prop-firm. They set this at levels of 50% as something common. When asked to enumerate some examples of those real prop-firms having those levels of profit-share, no one bring to the community that type of information. I find that information very important and of great help. Otherwise, this sounds like you read the first paid article that one may find on the internet where confussion is the king.
Always ready to help
  • #7,007
  • Apr 14, 2021 4:22am Apr 14, 2021 4:22am
Quoting Rayder4Life
{quote} but there is no margin youre trading with, its all make believe
Lol what do you mean there's no margin? Even demo accounts have margin and that margin on a 100k account is made available to you by FTMO whether or not they're copying your trades.

I could care less if it's make believe, so long as the money credited into your bank account is real.

Btw, you do know that the funds in your personal trading account somehow is also "make believe" right?

Quoting PaulMF
{quote} And that's another transparency issue I forgot to mention. Transparency and FTMO do not match: - They offer a leverage of 1:100 when that's not allowed in their jurisdiction. They have never proved that they have a 1:100 leverage account on some broker out of their jurisdiction where they trade their capital based on their "traders" signals. - They anounced partnerships 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...
You repeat the same thing everyday. Give it a rest, spend sometime improving your trading so you could be eligible to trade for real prop firms. This is getting irritating.
  • #7,008
  • Apr 14, 2021 4:27am Apr 14, 2021 4:27am
Quoting Koop
Btw, you do know that the funds in your personal trading account somehow is also "make believe" right?
That's obscene! You cannot defend FTMO's practices by relating them with regulated brokers services. There is a huge difference! How your trading account is managed with respect to leverage, or whatever, is regulated by the corresponding authorities. That's finance. And shouldn't be mixed with what it's not regulated.


You can always avoid my repition by just proving those 4 points. They are very easy to prove. Feel free to stop this irritating repetition at any time.
Always ready to help
  • #7,009
  • Apr 14, 2021 5:18am Apr 14, 2021 5:18am
Quoting Rayder4Life
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.
I just noticed this. To anyone who has been paying attention knows why FTMO ceased the various LP’s LMAX, etc. last fall. And they were pretty transparent about it. You’ll even find it discussed here in detail by them.

Now you’re just jumping down Paula’s rabbit hole whole of conspiracy theories.
Trade with confidence, trade without fear.
  • #7,010
  • Apr 14, 2021 5:18am Apr 14, 2021 5:18am
Quoting Koop
{quote} Lol what do you mean there's no margin? Even demo accounts have margin and that margin on a 100k account is made available to you by FTMO whether or not they're copying your trades. I could care less if it's make believe, so long as the money credited into your bank account is real. Btw, you do know that the funds in your personal trading account somehow is also "make believe" right? {quote} You repeat the same thing everyday. Give it a rest, spend sometime improving your trading so you could be eligible to trade for real prop firms. This...
yes thats true, CFD brokers also offer make believe live accounts, since CFD isnt a market, the market is made by the brokers so your capital in your account isnt really capital thats exchanged on a market with other participants, ure betting agaisnt the broker.
  • #7,011
  • Apr 14, 2021 5:19am Apr 14, 2021 5:19am
https://yt3.ggpht.com/MQNODySiS1hiNI...uNzDA=s1645-nd
MFF has come out with this, which I believe Takisd was referring to yesterday, I know it doesn't apply directly to FTMO but it does give more credence to the idea that there are prop firms out there like MFF and FTMO that are legit
  • #7,012
  • Apr 14, 2021 5:21am Apr 14, 2021 5:21am
Quoting Cryptosurf
{quote} I just noticed this. To anyone who has been paying attention knows why FTMO ceased the various LP’s LMAX, etc. last fall. And they were pretty transparent about it. You’ll even find it discussed here in detail by them. Now you’re just jumping down Paula’s rabbit hole whole of conspiracy theories.
but it makes you think like Paula said, FTMO is a not a broker, its not legally allowed to offer traders liquidity, as it cannot brokerage trades and you cant use FTMO to buy or sell on the market, so the whole liquidity and data feed issue is irelevant, we dont need it, they might need it with their broker they are trading their supposed live account on, but we who are using demo accounts, we dont have liquidity providers.
  • #7,013
  • Apr 14, 2021 5:31am Apr 14, 2021 5:31am
Quoting Rayder4Life
{quote} but it makes you think like Paula said, FTMO is a not a broker, its not legally allowed to offer traders liquidity, as it cannot brokerage trades and you cant use FTMO to buy or sell on the market, so the whole liquidity and data feed issue is irelevant, we dont need it, they might need it with their broker they are trading their supposed live account on, but we who are using demo accounts, we dont have liquidity providers.
He's never made any sense. You're under the impression that FTMO business model should be something that it is not. You can argue the point if you want, but that's the business model they chose. So far it seems to be fairly successful.
Trade with confidence, trade without fear.
  • #7,014
  • Apr 14, 2021 5:34am Apr 14, 2021 5:34am
Quoting Cryptosurf
{quote} He's never made any sense. You're under the impression that FTMO business model should be something that it is not. You can argue the point if you want, but that's the business model they chose. So far it seems to be fairly successful.
yes but i dont understand why would people be content with a potential pyramid scheme...
  • #7,015
  • Apr 14, 2021 5:41am Apr 14, 2021 5:41am
we simply offer our financial advice to ftmo. it is up to them to execute or not.

stop bitching about it
offering my system to copy trade. check my link
  • #7,016
  • Apr 14, 2021 5:42am Apr 14, 2021 5:42am
Amazingly, so many traders are so worry about others. Most likely those who cannot pass and those who never even trade.
  • #7,017
  • Apr 14, 2021 5:51am Apr 14, 2021 5:51am
Quoting Rayder4Life
{quote} but it makes you think like Paula said, FTMO is a not a broker, its not legally allowed to offer traders liquidity, as it cannot brokerage trades and you cant use FTMO to buy or sell on the market, so the whole liquidity and data feed issue is irelevant, we dont need it, they might need it with their broker they are trading their supposed live account on, but we who are using demo accounts, we dont have liquidity providers.
FTMO offers demo accounts and it does not need to be a broker in order to offer the MT4 platform nor a demo account. This would have been a different case if they were offering actual live accounts.

Pick up your phone and download the Metatrader 4 mobile app, immediately it installs, a demo account is automatically created for you on which you can trade.

Is MT4 a broker?
  • #7,018
  • Apr 14, 2021 5:54am Apr 14, 2021 5:54am
Quoting Cryptosurf
{quote} I just noticed this. To anyone who has been paying attention knows why FTMO ceased the various LP’s LMAX, etc. last fall. And they were pretty transparent about it. You’ll even find it discussed here in detail by them. Now you’re just jumping down Paula’s rabbit hole whole of conspiracy theories.
I pay close attention to all this. I never see why they remove the LMAX thing from their website. No transpency in this matter too.

If someone offers super-raw spreads, that someone must indentify from where those super-raw spreads come. Users have reported huge spreads at FTMO this week.

Now, liquidity providers spreads are bad... Interesting. Then, can you enlighten me from where do you get better spreads?

No conspiracy theories ever from PaulMF side. Just conjectures that can be silent with simple proofs. Not enough transparency:

- They offer a leverage of 1:100 when that's not allowed in their jurisdiction. They have never proved that they have a 1:100 leverage account on some broker out of their jurisdiction where they trade their capital based on their "traders" signals.
- From where they get super-raw spreads.
- They anounced partnerships 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
  • #7,019
  • Apr 14, 2021 5:55am Apr 14, 2021 5:55am
If FTMO scams any FF traders, this will be the result -
Are funding talent prop firms legitimate
MyForexFunds aka MFF - A Shady Prop Firm

Don't be so worry for people who took the challenge, just blame yourself for not having balls.
So if FTMO fold up what is US$1k or 2k to any who took the challenge, unless all these years you are trading cents account with 0.00000000000001 lot.
  • #7,020
  • Apr 14, 2021 5:58am Apr 14, 2021 5:58am
Quoting nikosk0
we simply offer our financial advice to ftmo. it is up to them to execute or not. stop bitching about it
Do you provide financial advice?
Always ready to help
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