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FTMO - For serious traders

  • #7,021
  • Apr 14, 2021 6:00am Apr 14, 2021 6:00am
Quoting mixedbags
Amazingly, so many traders are so worry about others. Most likely those who cannot pass and those who never even trade.
And senseless ridiculous statement much like arguing that Taco Bell isn't McDonalds because they don't offer a McFlurry.
Trade with confidence, trade without fear.
  • #7,022
  • Apr 14, 2021 6:10am Apr 14, 2021 6:10am
Quoting PaulMF
{quote} Do you provide financial advice?
yes, by trading on a demo platform. you tell someone to buy/sell on their own account.
legally from the consultans i PAID to get information and from consultants that were friends, you can only justify your earnings as financial advise
offering my system to copy trade. check my link
  • #7,023
  • Apr 14, 2021 6:11am Apr 14, 2021 6:11am
Quoting PaulMF
{quote} Do you provide financial advice?
What do you think the arrangement is? By signaling to FTMO through trades taken on your given demo account you're advising them to take the same trades.
Whether or not they accept your advisement and copy your signaled trade, that's their business, However, they must pay you for your advisory services.
  • #7,024
  • Apr 14, 2021 6:23am Apr 14, 2021 6:23am
Strange that many people still believe in that lie. The business of companies like ftmo is to take your subscription fees and wait until you will break the rules or blow your account. That's all. That's why they are not a broker, they are using demo only. There no need to "copy" your signals ever. Because 99.9% will lose anyway. Okay, they will pay that 0.01% and if it will last long they will create another "rule" or just wide the spreads, freeze the platform etc. Just a "light" version of broker without any license needed.
For example who cares if DD will be not 10% but 10.1%? Overall year profit matter, not momentum DD. Why you have to earn 10%/mo? Why not 9 and then 11? And the last question: if trader can earn 10%/mo why the world he/she need the money from the firm where they will take 30%? You can't get credit for 1-5%/year? Isn't 30% too expensive?
About that ftmo takes your demo trades as signals and earn. That' f**king awesome. This is so idiotic idea that there is no arguments left. it is like to say that it will be hot tomorrow on the north pole. Why not, but if?
The only one thing to use ftmo and others is to use their free plans, just to check trading abilities and follow the rules to improve. But never pay them. All other activities are meaningless and do not stand up to criticism.
Observer effect
  • #7,025
  • Apr 14, 2021 6:26am Apr 14, 2021 6:26am
Quoting nikosk0
{quote} yes, by trading on a demo platform. you tell someone to buy/sell on their own account. legally from the consultans i PAID to get information and from consultants that were friends, you can only justify your earnings as financial advise
My recommendation is that you shouldn't admit that. You live in a EU union country and that's not easily possible. You have to be regulated. But, if you trust on those consultants, then fine.

I have met many that they couldn't do it legally till they operate by means of an intermediary regulated firm. Basically, by working to a regulated firm that it is the final provider of the service, and being those "advisors" part of the team. But they never could in an independently way.
Always ready to help
  • #7,026
  • Apr 14, 2021 6:28am Apr 14, 2021 6:28am
Quoting Koop
{quote} What do you think the arrangement is? By signaling to FTMO through trades taken on your given demo account you're advising them to take the same trades. Whether or not they accept your advisement and copy your signaled trade, that's their business, However, they must pay you for your advisory services.
In my post above to Nikosk0, I explain my concerns about the issue. Just sharing my knwoledge with him as we share jurisdiction.
Always ready to help
  • #7,027
  • Apr 14, 2021 6:32am Apr 14, 2021 6:32am
Quoting ryuryu
Strange that many people still believe in that lie. The business of companies like ftmo is to take your subscription fees and wait until you will break the rules or blow your account. That's all. That's why they are not a broker, they are using demo only. There no need to "copy" your signals ever. Because 99.9% will lose anyway. Okay, they will pay that 0.01% and if it will last long they will create another "rule" or just wide the spreads, freeze the platform etc. Just a "light" version of broker without any license needed. For example who cares...
A really good way to explain this business and common sense alternatives. Your post looks like a poem for me.
Always ready to help
  • #7,028
  • Apr 14, 2021 6:33am Apr 14, 2021 6:33am
Quoting PaulMF
{quote} My recommendation is that you shouldn't admit that. You live in a EU union country and that's not easily possible. You have to be regulated. But, if you trust on those consultants, then fine. I have met many that they couldn't do it legally till they operate by means of an intermediary regulated firm. Basically, by working to a regulated firm that it is the final provider of the service, and being those "advisors" part of the team. But they never could an independently way.
they also told me to open up a financial consulting bussiness to do it. as an individual it is not possible to legalise it.

anyway, i found my way around it so didnt research further in to it. taxes are a hell lot
offering my system to copy trade. check my link
  • #7,029
  • Apr 14, 2021 6:38am Apr 14, 2021 6:38am
Quoting ryuryu
Strange that many people still believe in that lie. The business of companies like ftmo is to take your subscription fees and wait until you will break the rules or blow your account. That's all. That's why they are not a broker, they are using demo only. There no need to "copy" your signals ever. Because 99.9% will lose anyway. Okay, they will pay that 0.01% and if it will last long they will create another "rule" or just wide the spreads, freeze the platform etc. Just a "light" version of broker without any license needed.
There are FTMO Traders who have been with them for over 6 months to a year with the same account and haven't been forcefully "taken out" by manipulation if spreads or anything else. Two Traders have posted myfxbook links here in the past of their FTMO accounts with one's balance clearly showing proof of the promised scale up of 25%, TWICE.
which means he had been with them for over 6-8 months at the time of posting.
Kill that noise!!


Quoting ryuryu
For example who cares if DD will be not 10% but 10.1%? Overall year profit matter, not momentum DD. Why you have to earn 10%/mo? Why not 9 and then 11? And the last question: if trader can earn 10%/mo why the world he/she need the money from the firm where they will take 30%? You can't get credit for 1-5%/year? Isn't 30% too expensive?
1. It's a test (duh), rules/conditions/standards have to be set to be able to differentiate those who "pass" from who "fail".
You are required to make 10% just for the month of your challenge, you can make 11% or 20% if you want, who's stopping you.

Also, no one asked you to earn 10% per month. Once you pass the test, you have passed the test, there are no more targets.

Kill that noise.

Quoting PaulMF
{quote} In my post above to Nikosk0, I explain my concerns about the issue. Just sharing my knwoledge with him as we share jurisdiction.
Yeah, I've seen it. Makes sense.

Things like this are largely unregulated in my region though. It's crazy, I don't even have to pay any taxes on my regular trading income.
  • #7,030
  • Apr 14, 2021 7:09am Apr 14, 2021 7:09am
I can't understand why KFC must fried their chicken, why can't they barbecue it. Chicken should be barbecued, it is so ridiculous that they fried them. Even if they chose to fry their chicken why must be deep fried, chicken should be pan fried.

Cannot understand why BMW cannot sell at $100. Why must sell at ten of thousand to hundred thousand.
  • #7,031
  • Apr 14, 2021 7:28am Apr 14, 2021 7:28am
In the meantime, the topic turns into some kind of buffoonery ... more flood guys.
sorry for my English, using google translator.
  • #7,032
  • Apr 14, 2021 7:51am Apr 14, 2021 7:51am
Quoting ryuryu
Strange that many people still believe in that lie. The business of companies like ftmo is to take your subscription fees and wait until you will break the rules or blow your account. That's all. That's why they are not a broker, they are using demo only. There no need to "copy" your signals ever. Because 99.9% will lose anyway. Okay, they will pay that 0.01% and if it will last long they will create another "rule" or just wide the spreads, freeze the platform etc. Just a "light" version of broker without any license needed. For example who cares...
Those who know how to reach these goals don't have time to complain about these irrelevant things. You're a trader, trade and earn.

Myfxbook of an FTMO trader with 6 straight months in profit (I think) and total withdrawals over 20k.
Based on the comments on the page, after he met the scaling requirements, FTMO gave him a new funded account of $125,000 , I.e initial 100k + 25% scale.
The new account is also in his profile.

https://www.myfxbook.com/members/nik...funded/4850795
As you can see, all he had to do was pass the 10% challenge and since then he seems very comfortable making monthly modest gains. That's the way it should be.
  • #7,033
  • Apr 14, 2021 8:10am Apr 14, 2021 8:10am
Quoting Koop
{quote} Those who know how to reach these goals don't have time to complain about these irrelevant things. You're a trader, trade and earn. Myfxbook of an FTMO trader with 6 straight months in profit (I think) and total withdrawals over 20k. Based on the comments on the page, after he met the scaling requirements, FTMO gave him a new funded account of $125,000 , I.e initial 100k + 25% scale. The new account is also in his profile. https://www.myfxbook.com/members/nik...funded/4850795 As you can see, all he had to do was pass the...
on his 125k account he is minus almost every month, idk how he makes money, and why is the broker purple trading even in january 2021 ?
  • #7,034
  • Edited 8:46am Apr 14, 2021 8:30am | Edited 8:46am
Quoting Koop
{quote} Those who know how to reach these goals don't have time to complain about these irrelevant things. You're a trader, trade and earn. Myfxbook of an FTMO trader with 6 straight months in profit (I think) and total withdrawals over 20k. Based on the comments on the page, after he met the scaling requirements, FTMO gave him a new funded account of $125,000 , I.e initial 100k + 25% scale. The new account is also in his profile. https://www.myfxbook.com/members/nik...funded/4850795 As you can see, all he had to do was pass the...
Those who know...

Still waiting a real proof. And more and more days, and more and more posts. And simple proofs that never end here.

Quote
https://www.myfxbook.com/members/nik...funded/4850795
As you can see, all he had to do was pass the 10% challenge and since then he seems very comfortable making monthly modest gains. That's the way it should be.

Averaging 0.3% win per trade, the system suddenly makes 10% in a day....

Anyway, in which way that system is related with the transperency being talked here in the latest posts. Let's focus on answering transperency issues:

- 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
  • #7,035
  • Apr 14, 2021 8:44am Apr 14, 2021 8:44am
Quoting Rmg
Somebody please bring some rat poison here!!
That won't help to pass any challenge.

Very kind!
Always ready to help
  • #7,036
  • Apr 14, 2021 8:45am Apr 14, 2021 8:45am
Quoting PaulMF
{quote} Those who know... Still waiting a real proof. And more and more days, and more and more posts. And simple proofs that never end here. {quote} Averaging 0.3% win per trade, the system suddenly makes 10% in a day.... Anyway, in which way that system is related with the transperency being talked here in the latest posts. Let's focus in the answer to transperency issues: - 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...
I wasn't replying to you Paula, so stop quoting me and spamming the thread reposting the same thing repeatedly.

Direct your request to the management of FTMO, not me.
You're more interested in being an inept investigator than a Trader.
  • #7,037
  • Apr 14, 2021 8:52am Apr 14, 2021 8:52am
Quoting TraderOtakar
Hello Traders, my name is Otakar and I am a co-founder of the FTMO.com. Our aim is to find successful traders on Forex and CFD who we provide with our company capital when they meet our conditions. The testing of traders is performed through a demo account which we call the Challenge. Why to trade for us? Receive funding up to 40 000 USD, you keep 70 % of profits, we cover the losses. In this thread we will share articles about trading, news about the company and the most importantly we will answer all your questions. Who is behind FTMO.com The idea to start the project FTMO.com, which was initially called Ziskejucet.cz (our Czech project), was conceived in 2014 in a small Prague office. From the beginning, we know that, if we want to succeed in this business, we need to offer more than just funding. For this reason, we have created a full range of trading application. Every trader also receives: Account analysis Every trader, who joins the program receives an individually written analysis of his or her trading results. {image} Account MetriX This web application monitors your progress towards becoming our FTMO Trader, beside that it gives you latest analytics of your trading. Trading Journal Learn effectively and improve faster by using our semi-automatic Trading Journal. All trades are written in the journal automatically, you only have to write down your thoughts and feelings about the trades. Screenshot can be attached to every entry and exit. Mentor application (MT4 expert advisor) Your personal trading coach directly in the MT4 platform. This Mentor Application lets you set limits such as maximum trades per day, maximum daily loss, maximum trade size and much more. {image} Statistical Application (web based application) Do you like market statistics? We do! This web application calculates probabilities of German stock index Dax every 5 minutes. You can find there a probability of gap being filled, range statistics, initial activity statistics and much more. Trade with your favourite broker You can trade using a major brokerages like Admiral Markets, GDMFX, XTB, BossaFX, ICMarkets, Pepperstone, FxPro And use your platform MetaTrader 4 & 5, cTrader or NinjaTrader 7. {image} Visit us at FTMO.com / Funding for serious traders
Quoting Tomas-ftmo
Have a great weekend everyone, I hope everyone had a fine and profitable week as usual, let’s get to our regular weekly update. Despite the short Easter break, our week was rather busier than usual. Finally, the pandemic-related restrictions are slowly loosening and the whole team is partially returning back to the office. Let‘s move on to platforms: last week on Sunday (4th of April), we faced a quick issue between approx. 23:00 and 23:59 CEST (00:00 – 00:59 platform time) when Cryptocurrencies on cTrader failed to receive quotes. The issue was...
Quoting Koop
{quote} I wasn't replying to you Paula, so stop quoting me and spamming the thread reposting the same thing repeatedly. Direct your request to the management of FTMO, not me. You're more interested in being an inept investigator than a Trader.
Good idea Koop! Thanks

Tomas and TraderOtakar, kindly provide the information related with these transperency issues some of us are finding from your company:

- You offer a leverage of 1:100 when that's not allowed in you jurisdiction. You have never proved that you have a 1:100 leverage account on some broker out of you jurisdiction where you trade your capital based on your "traders" signals.
- From where you get super-raw spreads.
- You anounced partnerships with liquidity providers when you aren't a broker and don't need liquidity. It seems like you had to remove from your website the LMAX thing.
- You say that you trade based on traders signals with real accounts when you have never shown any proof of that.
- You set objectives and rules that are far from what anyone has ever proved to reach in this industry.
Always ready to help
  • #7,038
  • Apr 14, 2021 8:56am Apr 14, 2021 8:56am
Maybe they use subscription model to payout. So? Who the hell cares? As long as I get paid.

People don't seem to think. It's mathematically impossible to lose the "challenge'. (Think about it). Unless some black swan/glitches/human error etc.

Verification afterwards is piss easy, 5% in 60 days (40 ish trading days). The same goes for other prop firms but I don't have time to check them all out.

Simple maths
  • #7,039
  • Apr 14, 2021 8:56am Apr 14, 2021 8:56am
Quoting Rmg
{quote} This does Paula. {image}
Don't think so. It seems like you use default stops. A common noobs mistake.

Feel free to ask whatever you need to learn or know. Always, ready to help.
Always ready to help
  • #7,040
  • Apr 14, 2021 8:58am Apr 14, 2021 8:58am
Quoting PaulMF
{quote} {quote} {quote} Good idea Koop! Thanks Tomas and TraderOtakar, kindly provide the information related with these transperency issues some of us are finding from your company: - You offer a leverage of 1:100 when that's not allowed in you jurisdiction. You have never proved that you have a 1:100 leverage account on some broker out of you jurisdiction where you trade your capital based on your "traders" signals. - From where you get super-raw spreads. - You anounced partnerships with liquidity providers when you aren't a broker and don't need...
No disrespect, just a quick question;

If they do show what you are looking for, how will YOUR life be different than it is at this moment?
If they don't show what you are looking for, how will YOUR life be different than it is at this moment?

Only asking because it just seems you are putting a lot of time and energy into something that will not impact you whatsoever. Unless, of course, you are waiting for the proof so you can join FTMO
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