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FTMO - For serious traders

  • #7,141
  • Apr 15, 2021 10:19am Apr 15, 2021 10:19am
Tomas- FTMO not going to respond as he is enjoying this circus.....
I hit the ignore button and found my peace feels so good..
on a postive roll...
  • #7,142
  • Apr 15, 2021 10:27am Apr 15, 2021 10:27am
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 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...
Quoting PaulMF
Tomas-ftmo is viewing. Could you bring some light and solve all of our concerns? Do you lie on your website? Can you prove you don't? Are you going to prove it? Thanks
Tomas, silence does not help on transparency concerns.
Always ready to help
  • #7,143
  • Apr 15, 2021 10:46am Apr 15, 2021 10:46am
I see many people here ask questions that not their business.
easy rules there :
1- you pay subscription fees. call it what you want to
2-you win, you got a funded account and 70% profit share
3-you lose, you are fired.
now, just prove that you are a successful trader and stop bragging.
  • #7,144
  • Apr 15, 2021 10:56am Apr 15, 2021 10:56am
Quoting Feelas
I see many people here ask questions that not their business. easy rules there : 1- you pay subscription fees. call it what you want to 2-you win, you got a funded account and 70% profit share 3-you lose, you are fired. now, just prove that you are a successful trader and stop bragging.
We already know that part.

Thanks anyway
Always ready to help
  • #7,145
  • Apr 15, 2021 10:59am Apr 15, 2021 10:59am
Quoting PaulMF
{quote} We already know that part. Thanks anyway
Well, that's the only part that matters to actual Traders Paula.
  • #7,146
  • Apr 15, 2021 11:02am Apr 15, 2021 11:02am
Quoting Koop
{quote} Well, that's the only part that matters to actual Traders Paula.
You know. I don't think so.
Always ready to help
  • #7,147
  • Apr 15, 2021 11:15am Apr 15, 2021 11:15am
Quoting PaulMF
{quote} {quote} {quote} Tomas, silence does not help on transparency concerns.
what the hell is transparency ?! Who are you? auditor? maybe an inspection body? can you be a representative of the authorities? maybe the one to whom the company should disclose its internal affairs that it is NOT OBLIGED to disclose?
You are already pretty tired of not only us, ordinary people, but also Thomas, I understand him perfectly.


At the moment, no reaction is required from FTMO in this topic, circus and farce.
sorry for my English, using google translator.
  • #7,148
  • Apr 15, 2021 11:25am Apr 15, 2021 11:25am
it has stoped being funny long time ago
offering my system to copy trade. check my link
  • #7,149
  • Apr 15, 2021 12:12pm Apr 15, 2021 12:12pm
Quoting LoveScalping
{quote} what the hell is transparency ?! Who are you? auditor? maybe an inspection body? can you be a representative of the authorities? maybe the one to whom the company should disclose its internal affairs that it is NOT OBLIGED to disclose? You are already pretty tired of not only us, ordinary people, but also Thomas, I understand him perfectly. At the moment, no reaction is required from FTMO in this topic, circus and farce.
Transparency is the activity by which anyone can understand some aspects that may look obscure. In the finance world, this activity is important.

No, I'm not. Netiher an auditor nor an authorities representative. I though you ignored me. I don't understand your worries about me.

Does it matter who am I? I'm not the topic being discussed in this thread.

It is not good to decide from everyone else whether something has to be done or not. It's better to just share your opinion.

In my opinion, just mine, I think it is important to know something about my concerns. Those concerns are also shared by more users here.

When someone sells a product, that someone is usually pretty interested in solve any issues related to transparency. Silence does not help in that matter. It makes people wonder why...
Always ready to help
  • #7,150
  • Apr 15, 2021 12:35pm Apr 15, 2021 12:35pm
Ten years ago prop firms in the US split profits 50-50 but the drawback was that traders had to get their dedicated T3 lines at about $1,000 a month for that ultra fast connection and this reduced trader's profits. Now I have a dedicated 400 Mbps connection for trading and got rid of my backup connection. All the profits ... and sometimes losses are mine
  • #7,151
  • Apr 15, 2021 1:05pm Apr 15, 2021 1:05pm
Quoting Hutch
Ten years ago prop firms in the US split profits 50-50 but the drawback was that traders had to get their dedicated T3 lines at about $1,000 a month for that ultra fast connection and this reduced trader's profits. Now I have a dedicated 400 Mbps connection for trading and got rid of my backup connection. All the profits ... and sometimes losses are mine
FTMO is not a prop firm, a prop firm has to register as such and trade on a centralised exchange, you trade cfds with them, OTC derivates that have no contact with reality, so stop saying it is a prop firm, ure making real prop firms a bad name.
  • #7,152
  • Apr 15, 2021 1:16pm Apr 15, 2021 1:16pm
Quoting Rayder4Life
{quote} FTMO is not a prop firm, a prop firm has to register as such and trade on a centralised exchange, you trade cfds with them, OTC derivates that have no contact with reality, so stop saying it is a prop firm, ure making real prop firms a bad name.
Now this is getting absurd. So how is any "prop firm" that trades forex on a centralized exchange? There is no centralized exchange. Or do "real" prop firms not trade spot forex?
  • #7,153
  • Apr 15, 2021 1:18pm Apr 15, 2021 1:18pm
Quoting Rayder4Life
{quote} FTMO is not a prop firm, a prop firm has to register as such and trade on a centralised exchange, you trade cfds with them, OTC derivates that have no contact with reality, so stop saying it is a prop firm, ure making real prop firms a bad name.
Can you name some real prop firms to me please???
  • #7,154
  • Apr 15, 2021 1:31pm Apr 15, 2021 1:31pm
Quoting Ross88
{quote} Can you name some real prop firms to me please???

https://propex.com.au/sites/all/them...ry_trading.pdf

https://www.optiver.com/insights/blo...re-at-optiver/

https://www.nyenburgh.com/proprietary-trading/
  • #7,155
  • Apr 15, 2021 1:37pm Apr 15, 2021 1:37pm
Quoting Saxio
{quote} https://propex.com.au/sites/all/them...ry_trading.pdf https://www.optiver.com/insights/blo...re-at-optiver/ https://www.nyenburgh.com/proprietary-trading/
Thanks for the links

All the best mate
  • #7,156
  • Apr 15, 2021 1:55pm Apr 15, 2021 1:55pm
Quoting Saxio
{quote} https://propex.com.au/sites/all/them...ry_trading.pdf https://www.optiver.com/insights/blo...re-at-optiver/ https://www.nyenburgh.com/proprietary-trading/
Lol Damn look at the hiring process for Optiver, holy crap.
  • #7,157
  • Edited 2:30pm Apr 15, 2021 2:18pm | Edited 2:30pm
Quoting Koop
{quote} Lol Damn look at the hiring process for Optiver, holy crap.
Some of these places will also require you to trade on their proprietary systems and specifically how they want.

One chap I knew had a rude awakening utilizing such systems using only VWAP and or DOM ladder only.
Trade with confidence, trade without fear.
  • #7,158
  • Apr 15, 2021 2:27pm Apr 15, 2021 2:27pm
Quoting Koop
{quote} Lol Damn look at the hiring process for Optiver, holy crap.
Yeap, Optiver is definitely no joke! They're one of the best out there; but their scope and pedigree is a tad more than what we've been bantering about on here! Firms like them Virtu, SIG..are big boys...and are very hard to get into..
  • #7,159
  • Apr 15, 2021 2:30pm Apr 15, 2021 2:30pm
Quoting Cryptosurf
{quote} Some of these places will also require you to trade on their proprietary systems and specifically how they want. One chap I knew had a rude awakening utilizing such systems and VWAP and or DOM ladder only.
Exactly right!

That's why its beyond belief when I see some folks attacking FTMO for all the opportunity it presents! It beggars reason..

Guess sometimes folks don't know a good thing when they see it..
  • #7,160
  • Apr 15, 2021 2:35pm Apr 15, 2021 2:35pm
This thread looks like it just got handed a hard dose of reality. Passing a random online challenge isn't that special now is it?

Prop is generally you being turned into a specific type of trader to make the firm money. Thats the purpose. They aren't there to cater to you, you are there to cater to them. Thats how a prop firm will last a long period of time. So yes, how they earn money matters because no one is in this for a quick 5 k. Anyone saying otherwise likely isn't funded by a prop firm or is funded and shortly won't be.
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