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FTMO - For serious traders

  • #7,221
  • Apr 16, 2021 8:18pm Apr 16, 2021 8:18pm
Quoting Expo33
{quote} Started trading forex in 2007. FTMO provides the best trading conditions I've ever experienced at home or overseas.
Haven't been trading as long as you, but have used numerous US and offshore brokers (as you know). I agree 100% on the conditions being the best I've ever seen as well.
  • #7,222
  • Apr 16, 2021 10:08pm Apr 16, 2021 10:08pm
Question. We have a group page member funded by ftmo. this is his first month as a funded trader, his portfolio is on the negative side at the moment, will his Account be lost, and will the challenge fee not be refunded in case he can't make any profit by the end of month (profit split day).
  • #7,223
  • Apr 16, 2021 10:58pm Apr 16, 2021 10:58pm
Quoting Biomaxxfirre
Question. We have a group page member funded by ftmo. this is his first month as a funded trader, his portfolio is on the negative side at the moment, will his Account be lost, and will the challenge fee not be refunded in case he can't make any profit by the end of month (profit split day).
As long as he hasn't violated the daily or max drawdown rules then he can continue trading for the second month. It is my understanding that he will not lose his refund fee but will not be refunded that fee until he shows an overall profit at the end of the next profit split day.
Pride always comes before destruction.... -Proverbs 16:18
  • #7,224
  • Apr 17, 2021 3:33am Apr 17, 2021 3:33am
Quoting Takisd
{quote} Tomas, With all due respect, you are using the b-book broker PR statement in regards to your execution and liquidity. "We are STPing users to our deep aggregated magic liquidity providers providing seamless execution and deep liquidity". Having worked for brokers for years and having used the exact same PR based statement, I know its BS. In regards to your liquidity providers, not that it exactly matters, either put up who they are, or don't talk about them in a vague sense. Save yourself the trouble of having return questions on the matter....
damn man, nice job on not letting Tomas go away with demagogy... his response might work for the unknowing, but people who know how the industry work arent so easily convinced, theres alot of things like you said that just dont add up
  • #7,225
  • Apr 17, 2021 4:01am Apr 17, 2021 4:01am
So, there is no actually funding traders programme.
Misleading words as PF mentioned. Still a good game for whoever can (not me) get the profit split out of demo accounts until it lasts.
on a postive roll...
  • #7,226
  • Apr 17, 2021 4:03am Apr 17, 2021 4:03am
Attached Image (click to enlarge)
Click to Enlarge Name: Kopp-leaving-dark-side.PNG Size: 6 KB

Really Koop? What happens? Are you abandoning the dark side?

I think it is Tomas-ftmo's merit. Am I right? What a post!

You are always welcome to this side.
Always ready to help
  • #7,227
  • Apr 17, 2021 4:06am Apr 17, 2021 4:06am
Quoting Rmg
So, there is no actually funding traders programme. Misleading words as PF mentioned. Still a good game for whoever can (not me) get the profit split out of demo accounts until it lasts.
Yeah in the end, it looks like we all know what we are talking about.

Gamers! I encourage you to visit these more appropiate forums: https://forums.epicgames.com/

Tomas-ftmo, you can always start a thread there...
Always ready to help
  • #7,228
  • Apr 17, 2021 4:15am Apr 17, 2021 4:15am
Quoting Expo33
Started a new 100K challenge today. To make it interesting and to add as much pressure as possible I'm guaranteeing that I will secure another 100K account in 20 calendar days. That's right ladies and gentlemen. Challenge AND verification in 20 calendar days. Like Babe Ruth pointing to left field. I point, it happens. How will I accomplish the "impossible" feat? Easy. I will use a combination of revenge trading, over trading, and some good old fashion blue-collar button clicking. I dedicate this incredible feat in advance to my belove mental case,...
Very kind!

Notice that this FTMO's thing is getting suspiciuous. Better if you open another trade explorer replicating those fantastic trades in a broker of this list: https://www.forexfactory.com/brokers
Always ready to help
  • #7,229
  • Apr 17, 2021 4:32am Apr 17, 2021 4:32am
Quoting Tomas-ftmo
First, let’s point out the obvious: FTMO does not provide their traders with live accounts and direct access to the live market. We’ve always been very open about this and we’ve never stated otherwise or tried to put our traders under the false impression of providing real accounts. We are a serious company looking for serious traders, being 100% clear and using the correct terminology is absolutely essential. When it comes to the FTMO Account, you won’t find phrases such as “funded account, real account, live account” anywhere on our website....
Hi Tomas. I was looking at signing up for FTMO but all the mixed posts here got me pondering. It is good that you are coming here to clarify but if you claim that FTMO does not provide traders with LIVE account, how is that the OP of this thread shows a LIVE FTMO account?

Please advise, thank you.
  • #7,230
  • Apr 17, 2021 4:32am Apr 17, 2021 4:32am
Quoting Rmg
So, there is no actually funding traders programme. Misleading words as PF mentioned. Still a good game for whoever can (not me) get the profit split out of demo accounts until it lasts.
Actually I'm yet to see any difference in the words used or the impression initially created.
They have never claimed to offer live/real accounts to Traders, neither have they claimed FTMO Traders trade live accounts.
The wording is still the same (except for where he said they don't use the term "funded Traders", I believe I've seen and heard that used by them either here or on the YouTube interviews), but I can excuse that as being semantics.

Asides that, what exactly is different? From the get go, the marketing has been " we give FTMO Traders demo accounts and replicate the trades onto our own live accounts and pay Traders splits for their input)

They've also said in the past that while they do earn from challenges it is not the primary source of income ...

So what's new?

I can't speak on the Liquidity providers/feed part as all I have there is barely basic knowledge unlike say, Takisd. But I do know that the spreads are great and slippages have been both negative and positive on different occasions. I'm also yet to find a B-book broker offering GBPBZD spreads lower than 3.5pips, so I don't know.
  • #7,231
  • Apr 17, 2021 4:44am Apr 17, 2021 4:44am
Quoting Tomas-ftmo
Hello Traders, it is the end of the week, which means another scheduled update. Since the last update, our thread has recorded over 440 new posts, all circulating around similar topics initiated by certain statements made by one of our competitors. As responding to each post as I usually do would be highly time-consuming, I’d like to take the opportunity here to go through certain points and clarify some unclear areas. Probably the most discussed topic for the past week here was the way FTMO pays their traders and where is the profit generated from....
Buyer:
Hi, I see in your page that you offer organic apples: yellow and red. Also, you mention you grab all of them from your trees. But, I was walking through your country area and I didn't see any tree of red apples variety. Some neighboor reported that you didn't harvest those apples and that they aren't organic. Can you bring some light to this issue?

Tomas-harvest:
Hi, thanks for asking. We are all passionate about organic food and that's a good point. My dedication is to apples. I enjoy working with them, harvest moment is the moment I most enjoy. Yeah I really love yellow and red apples! You can always buy yellow and red apples in my website. Cheers.

Buyer:
But do you grab organic red apples from your trees?

Tomas-harvest:
Hi, sorry but I can't address every question here. I have important things to do and I will try to summarize. In my website, I offer yellow and red apples. I have never offered green apples as I don't have them in my trees. They aren't my favourite ones. Competitors offer them. I have a lawyer. Just in case.

Buyer:
You can always sell your apples as non-organic apples or even avoid the use of the word in your website. You also don't have to mention that they are yours. By the way, your lawyer is not the only one.
Always ready to help
  • #7,232
  • Apr 17, 2021 4:46am Apr 17, 2021 4:46am
Quoting Koop
{quote} Actually I'm yet to see any difference in the words used or the impression initially created. They have never claimed to offer live/real accounts to Traders, neither have they claimed FTMO Traders trade live accounts. The wording is still the same (except for where he said they don't use the term "funded Traders", I believe I've seen and heard that used by them either here or on the YouTube interviews), but I can excuse that as being semantics. Asides that, what exactly is different? From the get go, the marketing has been " we give FTMO...
What we also state very clearly is that we do connect our FTMO Traders via a proprietary algorithm to the pool of liquidity providers, using the STP execution model to live markets where we generate cash flow. Challenge fees are also a part of our revenue,

I get it Koop, still looks like a game and certainly I would go for it.
on a postive roll...
  • #7,233
  • Apr 17, 2021 4:52am Apr 17, 2021 4:52am
Quoting Koop
{quote} Actually I'm yet to see any difference in the words used or the impression initially created. They have never claimed to offer live/real accounts to Traders, neither have they claimed FTMO Traders trade live accounts. The wording is still the same (except for where he said they don't use the term "funded Traders", I believe I've seen and heard that used by them either here or on the YouTube interviews), but I can excuse that as being semantics. Asides that, what exactly is different? From the get go, the marketing has been " we give FTMO...
It’s still dishonest and deceitful.
Everyone assumes they will get a live account if they pass the trials.
They just get a demo account and hope FTMO survives the month to pay them gaming credits.
Trading thin liquidity at the boundary of the charts
  • #7,234
  • Apr 17, 2021 5:08am Apr 17, 2021 5:08am
Attached Image
on a postive roll...
  • #7,235
  • Apr 17, 2021 5:24am Apr 17, 2021 5:24am
Why do people continue to stay and clog this chat bashing FTMO? If you don't like them just avoid the thread.
  • #7,236
  • Apr 17, 2021 5:24am Apr 17, 2021 5:24am
Quoting RickM
{quote} It’s still dishonest and deceitful. Everyone assumes they will get a live account if they pass the trials. They just get a demo account and hope FTMO survives the month to pay them gaming credits.
I don't know Rick, is it deceitful if they tell you from the get go that what you get is a demo account after passing?
Lol I mean, it's all over the website and on this thread, why then would any one expect to get a Live mt4 account?

Deceit would have been advertising giving a Live account and instead sneakily giving out demos after challenge completion.

Lol let's be honest, these people aren't stupid, they've definitely sought legal counsel before embarking on this venture and it's obvious in the way things are worded.
If in fact they are being dishonest in what they are offering, the tracks are covered, leaving room for only mere speculations and THEY KNOW IT.

Regardless of their model they are going to bank on what they have over the competition, popularity, vouchers and a public payment history(whether you think its real or fake) that no other firm can rival.
  • #7,237
  • Apr 17, 2021 5:31am Apr 17, 2021 5:31am
Quoting Rmg
{quote} What we also state very clearly is that we do connect our FTMO Traders via a proprietary algorithm to the pool of liquidity providers, using the STP execution model to live markets where we generate cash flow. Challenge fees are also a part of our revenue, I get it Koop, still looks like a game and certainly I would go for it.
Lol Honestly man, I don't care what it is at this point, my whole goal as a trader trading a personal account is to not be the one losing money when YOU or anyone else gains some on your end.
Same applies here.
If this is indeed strictly a ponzi model with absolutely no live trades replicated....

Then may the profitable Traders bath In the blood of failed challengers, drink the tears of those who gave up along the way and eat the flesh of those that cower in the face of a passable test.
  • #7,238
  • Apr 17, 2021 6:10am Apr 17, 2021 6:10am
To those who are waiting at the sideline eager to see FTMO collapsed and its traders commit suicide, like those who invested in Bernard Madoff's Ponzi scheme.
I invite you to open a $100,000K live account (or if you cannot afford a $100,000K account then cent account also can) and I trade my FTMO $100,000k Ponzi account. We will attached our TE here as long as our account last or till the day I commit suicide.

I would truly and eagerly love to see how those sideliners perform in their live accounts, than coming here to argue.

If I open a Ponzi account that cost me US$650 - 680, and you open a US$100 cent account, you have a better edge, you can blow 7 accounts before hitting US$700.
But it is better that you can afford a live $100,000k account for that I must blow my account about 152 times.
  • #7,239
  • Apr 17, 2021 6:19am Apr 17, 2021 6:19am
Emotional outburst is expected when the balloon is busted. .
on a postive roll...
  • #7,240
  • Apr 17, 2021 6:25am Apr 17, 2021 6:25am
Quoting mixedbags
To those who are waiting at the sideline eager to see FTMO collapsed and its traders commit suicide, like those who invested in Bernard Madoff's Ponzi scheme. I invite you to open a $100,000K live account (or if you cannot afford a $100,000K account then cent account also can) and I trade my FTMO $100,000k Ponzi account. We will attached our TE here as long as our account last or till the day I commit suicide. I would truly and eagerly love to see how those sideliners perform in their live accounts, than coming here to argue.
It's really sad but there are people on these forums who are ready to wait patiently no matter how long before FTMO even fails to honor ONE payment (not to talk of collapsing), just to get the an opportunity to say "I told you so". It would give them so much joy and satisfaction
Ironically, that's the saddest thing ever.

If I happen to have the opportunity to trade with FTMO for 1 full year and can consistently earn 3-5% monthly on the max balance of 400k, before they shut down..... saving all my profits while I live off the peanuts from my personal live account...
At the end of 12 months I would have saved up to $100k to $160k only making 3-5% monthly...

Then some prophet of doom who didn't take the same opportunity would pop up to cry that " i told you so, it was all a ponzi"

who exactly would be the butt of the joke? Me?
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