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FTMO - For serious traders

  • #7,101
  • Apr 15, 2021 4:25am Apr 15, 2021 4:25am
Quoting lakhan
{quote} IG, Pepperstone, Pluss500, ICmarkets, JFD, Admiral, FXCM, Think markets, CityIndex I can go on....
Thanks for that.

Anyway, I don't clearly find leverage information for "professional clients". These are mainly retail brokers. They don't usually hold pure professional clients accounts.

I had an account on IG 15 years ago. I think it was my first trading automation research. I used ProRealTime provided by IG. Now, I have coded for almost any trading plaform.

I guess it is difficult to find information about the real leverage for professional clients because these mainly retail broker are being continually pursuit by ESMA:

https://www.esma.europa.eu/press-new...ntion-measures

In the end, ESMA knows these brokers are more suitable for retail traders than professional traders. They may find suspicious that offer from their side.
Always ready to help
  • #7,102
  • Apr 15, 2021 4:27am Apr 15, 2021 4:27am
Quoting PaulMF
{quote} Thanks for that. Anyway, I don't clearly find leverage information for "professional clients". These are mainly retail brokers. They don't usually hold pure professional clients accounts. I had an account on IG 15 years ago. I think it was my first trading automation research. I used ProRealTime provided by IG. Now, I have coded for almost any trading plaform. I guess it is difficult to find information about the real leverage for professional clients because these mainly retail broker are being continually pursuit by ESMA: https://www.esma.europa.eu/press-new...ntion-measures...
FACEPALM
sorry for my English, using google translator.
  • #7,103
  • Apr 15, 2021 4:29am Apr 15, 2021 4:29am
Quoting Koop
{quote} You've just proven yourself to be a liar and a fraud if you claim you did any research. You're talking about 1:100 when brokers are offering 1:400 to professional clients. In addition to the ones Khan mentioned, here is Purple trading and Roboforex {image}{image} One measly Google search, yet you couldn't find any.
Thanks for that.

These brokers don't offer too much for a professional trader. But good to know you can get that leverage.
Always ready to help
  • #7,104
  • Apr 15, 2021 4:31am Apr 15, 2021 4:31am
Quoting LoveScalping
{quote} With this post, you prove your disrespect for the community by not even bothering to look at a dozen BIGGEST brokers before carrying your nonsense. ALL of these brokers with EU regulation have a default leverage of 1:30, but if you meet the conditions of a professional investor, you will get 1: 100-500 Now try to tell me you're not a forum troll after that? I am already simply infuriated by the very fact that this man is foaming at the mouth of something, and when he is given facts and answers, he does not notice at close range, a real forum...
Breathe. Don't infuriate.

Just contribute and help!
Always ready to help
  • #7,105
  • Apr 15, 2021 4:36am Apr 15, 2021 4:36am
Quoting nikosk0
{quote} 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
Apologies to all for off-topic

Hi nikosk0. this is one of the most important subjects that nobody touches, if you could please elaborate a bit on it, it would be greatly appreciated, even by pm or email. I am from GR as well..
I totally understand if not.

Thanks
  • #7,106
  • Apr 15, 2021 4:45am Apr 15, 2021 4:45am
It is lockdown in most countries. And PaulMF is bored at home.

And this thread is flooded.

And I donnow if he is Paul or she is Paula.
always draw trendlines
  • #7,107
  • Apr 15, 2021 4:48am Apr 15, 2021 4:48am
Quoting tk5
It is lockdown in most countries. And PaulMF is bored at home. And this thread is flooded. And I donnow if he is Paul or she is Paula.
Does it make any difference?
Always ready to help
  • #7,108
  • Apr 15, 2021 5:32am Apr 15, 2021 5:32am
Quoting qazaq
{quote} Apologies to all for off-topic Hi nikosk0. this is one of the most important subjects that nobody touches, if you could please elaborate a bit on it, it would be greatly appreciated, even by pm or email. I am from GR as well.. I totally understand if not. Thanks
i cannot pm you, (propably because your profile is new) go to my profile and send me a message if you can
offering my system to copy trade. check my link
  • #7,109
  • Apr 15, 2021 5:43am Apr 15, 2021 5:43am
Quoting qazaq
{quote} Apologies to all for off-topic Hi nikosk0. this is one of the most important subjects that nobody touches, if you could please elaborate a bit on it, it would be greatly appreciated, even by pm or email. I am from GR as well.. I totally understand if not. Thanks
I think it is a very convenient discussion. Anyone in Europe as many here are, should know about how to manage this scenario in FTMO or even whatever other place in which we may provide trading signals. So if you don't mind I'm also interested.

I have friends and clients who faced this issue and address it in different ways to legally do it. Some of them hold finance degrees in quantitative finance etc., work experience in financial insitutions and several years managing their propietary trading firm but they had too many problems to get regulated and become managers of funds coming from others than themselves.

I share some alternatives they use here:

Some brokers that also offer regulated money management.
- Esfera Capital (only Spain, You become a fund inside a greater fund)
- Darwinex
Other type of structures:
- Collective2 (the bad thing here is that you have to pay for that)
- QuantoConnect (Not sure how this is legal from the signal provider side)
Always ready to help
  • #7,110
  • Apr 15, 2021 5:48am Apr 15, 2021 5:48am
Quoting PaulMF
{quote} I think it is a very convenient discussion. Anyone in Europe as many here are, should know about how to manage this scenario in FTMO or even whatever other place in which we may provide trading signals. So if you don't mind I'm also interested. I have friends and clients who faced this issue and address it in different ways to legally do it. Some of them hold finance degrees in quantitative finance etc., work experience in financial insitutions and several years managing their propietary trading firm but they had too many problems to get...
to tell him the legal way i need to speak greek to him cause i dont know the english terminology and the tax system outside of greece.

what i shared in previous post but with a bit more detail.

my advise is to always ask at least one experienced accountant in your country. even here the law is unclear
offering my system to copy trade. check my link
  • #7,111
  • Apr 15, 2021 5:50am Apr 15, 2021 5:50am
Quoting nikosk0
{quote} to tell him the legal way i need to speak greek to him cause i dont know the english terminology and the tax system outside of greece. what i shared in previous post but with a bit more detail. my advise is to always ask at least one experienced accountant in your country. even here the law is unclear
Ok thanks Nikosk0.

If at some time you find some good solution for that, if you don't mind send me a private message then.
Always ready to help
  • #7,112
  • Apr 15, 2021 6:00am Apr 15, 2021 6:00am
No wonder many have yellow and red flags attached to their names on FF though they are not real traders but debaters.

This forum is almost useless to real traders on FTMO challenge.

I wish we can be focus here so that this forum will be of help to many who are taking the challenge.

Thanks.
  • #7,113
  • Apr 15, 2021 6:02am Apr 15, 2021 6:02am
this is the reply of FUNDING TALENT owner Jessica on this persons video who exposed how prop firms make money
Inserted Video


Great video Frank! I wanted to add a few points based on some comments I’m reading. How can we pay out huge profits? Is it sustainable? Of course it is. This is no different than how most brokers operate. Research “B Booking”. We have a large capital set aside (and yes it grows based on the programs success). At the end of the day, you are putting your trust in the company. If we had someone make $100K and we didn’t pay out, we would lose all trust and our business would fail to grow and flourish. It’s very simple. I did also want to add this. We do not give DIRECT access to live accounts. This doesn’t mean I can’t utilize specific trades or strategies to make money using my own capital. If someone were to run a trade into the hundreds of thousands of dollars, I would absolutely be able to hedge risk by taking that same trade. I am just trying to be transparent in saying this is very rare and the reality is most retail traders aren’t consistently profitable. If any prop firm actually copied all trades to a live “fund” they would be operating at an enormous loss. I can show anyone who is interested the data on our success rates. You can also find it through any regulated brokers website (usually at the bottom of the main page). Facts are facts and we should try to think logically about these things. Our Elite traders are all going to be documented (including payouts) within our community going forward, to ensure 100% transparency. This will remove any possibility of doubt and will also help protect our company from being the subject of lies and slander. Honesty is the best approach and I hope other prop firms take the step to becoming more forthcoming as well, because at the end of the day the consumer deserves to know the truth about how these operations work. I have no reason to lie about this. If anything, I’m sure my statements have made some people in this industry very upset with me. I have absolutely nothing to gain by lying about how we operate. Any securities lawyer will tell you exactly what I’m saying, as will any regulatory body. If you are skilled and you follow the rules, you get paid. It’s very simple. You don’t need to stress over how much you earn, if we are able to pay, etc etc. Our payouts will be public to ensure our community doesn’t have doubts regarding this. I feel very proud of the community I’ve built and I will continue to build my brand on honesty. When a member signs up with Funding Talent they gain access to so much more than an opportunity to make money. They learn discipline, consistency, gain access to community, and so on. Even for those who are not “successful”; they aren’t left empty handed after dumping thousands of dollars into a broker. If you’re skilled you can earn substantial income and that’s great too. It is very fulfilling for me to be able to offer that opportunity. I am very open to discussing these things and encourage anyone who would like to have a conversation to reach out to me. I won’t beat around the bush and I’ll tell you anything you want to know. Sorry for the book! Jess
  • #7,114
  • Apr 15, 2021 6:24am Apr 15, 2021 6:24am
Quoting Rayder4Life
this is the reply of FUNDING TALENT owner Jessica on this persons video who exposed how prop firms make money https://www.youtube.com/watch?v=-cFOMsMADCA Great video Frank! I wanted to add a few points based on some comments I’m reading. How can we pay out huge profits? Is it sustainable? Of course it is. This is no different than how most brokers operate. Research “B Booking”. We have a large capital set aside (and yes it grows based on the programs success). At the end of the day, you are putting your trust in the company. If we had...
I think the fact that this specific competitor is now open and honest about how her company operates (I know she was forced to do it), is still a plus point for traders. And the fact that she is willing to show all her 'live' traders' accounts is also a decent move. It will win them trust from the public, because guess what, if a trader makes a decent amount one month (and it is all visible for everyone to see), and they don't get a pay out, that will spell the end for this prop firm. Whilst I am continuing with FTMO, this transparency from a competitor is definitely good to see.
  • #7,115
  • Apr 15, 2021 6:25am Apr 15, 2021 6:25am
Quoting Rayder4Life
this is the reply of FUNDING TALENT owner Jessica on this persons video who exposed how prop firms make money https://www.youtube.com/watch?v=-cFOMsMADCA Great video Frank! I wanted to add a few points based on some comments I’m reading. How can we pay out huge profits? Is it sustainable? Of course it is. This is no different than how most brokers operate. Research “B Booking”. We have a large capital set aside (and yes it grows based on the programs success). At the end of the day, you are putting your trust in the company. If we had...
I don't care HOW FTMO makes money, I'm only interested in what pays stably.
According to the agreement, the trader does not trade with the company's money, but provides financial advice, what they do to me with all the same. Are they copied to a real account or not? I do not care. As a trader, I fulfill my part of the agreement, they pay their own 70% of the profit received on the DEMO account.
That's all you need to worry about.
sorry for my English, using google translator.
  • #7,116
  • Apr 15, 2021 6:33am Apr 15, 2021 6:33am
Quoting LoveScalping
{quote} I don't care HOW FTMO makes money, I'm only interested in what pays stably. According to the agreement, the trader does not trade with the company's money, but provides financial advice, what they do to me with all the same. Are they copied to a real account or not? I do not care. As a trader, I fulfill my part of the agreement, they pay their own 70% of the profit received on the DEMO account. That's all you need to worry about.
then why does FTMO say that they copy your funded account trades to their own account ? thats a pure blatant lie, they dont say they might think if they will hedge or not depending on how much you suck at trading, they say they are 100% copying your trades on a live account that the company owns.
  • #7,117
  • Apr 15, 2021 6:36am Apr 15, 2021 6:36am
FTMO has to come out and admit it is purely a betting house (bucket shop etc etc), nothing wrong with that, but they dont have to lie and pretend theyre a prop firm.
ps: not saying i wont use the bucket shop oportunity to make some money and move on to trade stocks and futures with my capital that i get from them
  • #7,118
  • Apr 15, 2021 6:40am Apr 15, 2021 6:40am
Quoting Rayder4Life
{quote} then why does FTMO say that they copy your funded account trades to their own account ? thats a pure blatant lie, they dont say they might think if they will hedge or not depending on how much you suck at trading, they say they are 100% copying your trades on a live account that the company owns.
No one will ever tell you how the internal kitchen works in the company, what and how it happens, it is completely THEIR RIGHT not to disclose all the details.
In my humble opinion, copying ALL trades 100% would be suicide for any prop firm.
I assume this is the case:
- The first 1-2 months of the transaction are not copied anywhere
- Next, a decision is made how well the trader manages the risks
Guys, stop already counting other people's money, start building your own capital, damn it. FTMO allows you to do this if you have a predisposition to it.
sorry for my English, using google translator.
  • #7,119
  • Apr 15, 2021 6:44am Apr 15, 2021 6:44am
Quoting LoveScalping
{quote} No one will ever tell you how the internal kitchen works in the company, what and how it happens, it is completely THEIR RIGHT not to disclose all the details. In my humble opinion, copying ALL trades 100% would be suicide for any prop firm. I assume this is the case: - The first 1-2 months of the transaction are not copied anywhere - Next, a decision is made how well the trader manages the risks Guys, stop already counting other people's money, start building your own capital, damn it. FTMO allows you to do this if you have a predisposition...
No kidding, so many ignorant back benchers opining how a company shoulda-coulda-woulda operates is embarrassing.
Trade with confidence, trade without fear.
  • #7,120
  • Apr 15, 2021 6:46am Apr 15, 2021 6:46am
Quoting Rayder4Life
FTMO has to come out and admit it is purely a betting house (bucket shop etc etc), nothing wrong with that, but they dont have to lie and pretend theyre a prop firm. ps: not saying i wont use the bucket shop oportunity to make some money and move on to trade stocks and futures with my capital that i get from them
Exactly. No problem to name the business in right and correct words. I can see only 2 drawbacks for FTMO

  1. They would must stop selling a dream to people who wanna to be called "traders" and rather start selling lottery tickets and call them gamblers
  2. Deloitte won't bother evaluating sort of online casino

So it's FTMO call now, either to be honest and name the things with right words so that they are actually gambling company, or support their claims about prop trading business.

Anyway, I'm quite surprised ho many people here do not care about honesty and honor of their business counterpart claiming "as far as FTMO pays I'm ok with that". Nobody in real life would do business with anyone who lies or whos business is based on lie.

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