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FTMO - For serious traders

  • #7,241
  • Apr 17, 2021 6:42am Apr 17, 2021 6:42am
Quoting Koop
{quote} 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...
Yes it is sad. I seriously doubt all these messiahs are real and successful traders. Really hope all of them will open their accounts and attach their TE here just to see who can last in this games.

I also wonder have they experienced closing a US$2k losing trade, and are here screaming and worry about being scam of US$680 account.
Do they actually know that forex is pure gamble.
  • #7,242
  • Apr 17, 2021 6:53am Apr 17, 2021 6:53am
Clearly, commercial posts...

Still waiting for someone who proves earnings of 5% in a monthly basis.
Always ready to help
  • #7,243
  • Apr 17, 2021 7:04am Apr 17, 2021 7:04am
Quoting PaulMF
Clearly, commercial posts... Still waiting for someone who proves earnings of 5% in a monthly basis.
For what? What would you offer the person afterwards? An award? Or some funding?
If all you have to offer is your respect, then keep it because it's not worth cow dung.

On a side note, if you promise to fund me with 50k dollars for a profit share of 80/20, by the end of 3 consecutive months of me gaining 5% on my live account, I'll set one up this minute after you deposit the money in escrow.

Deal?
  • #7,244
  • Apr 17, 2021 7:13am Apr 17, 2021 7:13am
Quoting Koop
{quote} For what? What would you offer the person afterwards? An award? Or some funding? If all you have to offer is your respect, then keep it because it's not worth cow dung. On a side note, if you promise to fund me with 50k dollars for a profit share of 80/20, by the end of 3 consecutive months of me gaining 5% on my live account, I'll set one up this minute after you deposit the money in escrow. Deal?
It's not me the one demanding to make 3-5% monthly. You are!

Where is that escrow FTMO provided to you. I have never seen that inquiry to FTMO from your side. Weird! Nor even you worried about regulation, nor if they were to really trade, nor ...

Your only worry has been to flood this thread after some post that affects FTMO in some way.

You have never paid for the FTMO challenge. Why are you recommending everyone else to do it?
Always ready to help
  • #7,245
  • Apr 17, 2021 7:25am Apr 17, 2021 7:25am
Quoting PaulMF
{quote} It's not me the one demanding to make 3-5% monthly. You are! Where is that escrow FTMO provided to you. I have never seen that inquiry to FTMO from your side. Weird! Nor even you worried about regulation, nor if they were to really trade, nor ... Your only worry has been to flood this thread after some post that affects FTMO in some way. You have never paid for the FTMO challenge. Why are you recommending everyone else to do it?
I have not recommended anything, I have argued in favour FTMO. Two very different things.

Also, where have I "demanded" for anything?
You asked for proof, I have offered to show it to you if you make it worth my while, so why are you running away?
I'm not here to measure organ sizes and ego trip over forum "respect".
You want proof that I can do 5% monthly? Make it worth my while.

Lastly, unlike you, FTMO doesn't need to prove anymore that they can pay me, so no need for escrow, I've seen payouts to other people I believe, that's enough.
As for regulation, I'll let the regulators worry about that.
  • #7,246
  • Apr 17, 2021 7:35am Apr 17, 2021 7:35am
Quoting Koop
{quote} 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...
Only making 3-5% monthly....

That's ego and no proofs!
Always ready to help
  • #7,247
  • Apr 17, 2021 10:06am Apr 17, 2021 10:06am
Quoting Koop
{quote} 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...
People dont complain if FTMO pays or not, they know they pay... thats not the issue, they are only concerned on the methods FTMO uses to gain money to pay the succesfull traders.
  • #7,248
  • Apr 17, 2021 10:42am Apr 17, 2021 10:42am
1. You pay $640 for a 100K challenge, you need to earn 10% for one month ONLY. If you end in profit (even if only .01), try again for free. Repeat as many times as you need.

2. Once you accomplish that, earn 2.5% for 2 consecutive months.

3. Trade a 100K demo account (which they may or may not copy into their own live account)

4. Enjoy the best trading conditions you have ever experienced ( spreads, commission, slippage, no frozen platforms). The brokers that are regulated in the US are allowed to freeze platforms, spike price randomly, etc, etc. Spreads are outrageous. But They are "regulated"

5. Get paid 70% of whatever profits you generate ( no particular target) and get your fee refunded.

6. Repeat month after month. Your fee has been refunded, you have 0 money at risk at this point. You are trading forex completely risk free of your own money

7. If you break the rules, start over. If FTMO "collapses", find another similar model. The only reason I want to know "how" it works, is so I can trade with them for many years. But, ultimately, I can also find another similar model and repeat the process. Would that suck? Yes. Is it better than having 0 risk in the game? Yes

Now, anyone, please explain to me, how putting up my own money (15-20 x what I am actually risking due to stifling leverage in the US), which is always at risk, as there is no protection of forex accounts under the regulations in my country, trade with way worse spreads, with brokers who constantly, intentionally freeze and spike, WOULD BE A BETTER OPTION?

If you are a skilled trader, there is absolutely no better option than this.

The same folks losing money on challenges would lose way more constantly funding their own live account. The folks passing you should be rooting for due to points 1-7 above.

Why would anyone, even if they cannot accomplish it themselves, root against folks who are doing it? Why are we looking to prevent traders from earning money? Why are we looking for regulators to shut it down?

A. You're jealous you cannot do it
B. You failed at FTMO and are trying to get revenge in some sick way
C. You don't trade at all and just troll the internet

Open to rebuttals, but please read 1-7 carefully before doing so. I don't wish to repeat myself.
  • #7,249
  • Apr 17, 2021 10:56am Apr 17, 2021 10:56am
Quoting pipmaster77
1. You pay $640 for a 100K challenge, you need to earn 10% for one month ONLY. If you end in profit (even if only .01), try again for free. Repeat as many times as you need. 2. Once you accomplish that, earn 2.5% for 2 consecutive months. 3. Trade a 100K demo account (which they may or may not copy into their own live account) 4. Enjoy the best trading conditions you have ever experienced ( spreads, commission, slippage, no frozen platforms). The brokers that are regulated in the US are allowed to freeze platforms, spike price randomly, etc, etc....
It's much like people refusing to eat a loaf of bread, because they disagree with the way it was made. The end result is still the same, it's a loaf a bread.
Trade with confidence, trade without fear.
  • #7,250
  • Apr 17, 2021 11:03am Apr 17, 2021 11:03am
Quoting Rayder4Life
{quote} People dont complain if FTMO pays or not, they know they pay... thats not the issue, they are only concerned on the methods FTMO uses to gain money to pay the succesfull traders.
First off all, you're missing my point... But to address yours
Are the methods illegal? No.
Are they dishonest? If you think they are do you have any proof if that claim? No
Are we going to assume that just because Jessica of Funding Talent decided to save face and pull her competitors down to her level by saying "we aren't the only liars, others do it too, I promise).... That her testimony is enough proof for you?

If I caught an auto mechanic keeping some of my engine oil for himself and he apologizes, adding that " all mechanics do it", would it be smart to just swallow it all up instead of seeing it for what it is?

Now back to my point... I don't care how FTMO makes their money. As long as it is not illegal and they continue to honor their agreement with profitable Traders, they are a legitimate company in my eyes.

Quoting Cryptosurf
{quote} It's much like people refusing to eat a loaf of bread, because they disagree with the way it was made. The end result is still the same, it's a loaf a bread.
It's the times man, next thing is a call for boycotting. If they can't have it for whatever reasons, then no one else should.
  • #7,251
  • Apr 17, 2021 11:34am Apr 17, 2021 11:34am
Quoting pipmaster77
1. 5. Get paid 70% of whatever profits you generate ( no particular target) and get your fee refunded. 6. Repeat month after month. Your fee has been refunded, you have 0 money at risk at this point. You are trading forex completely risk free of your own money
Quoting pipmaster77
please explain to me, how putting up my own money (15-20x what I am actually risking due to stifling leverage in the US), which is always at risk, as there is no protection of forex accounts under the regulations in my country, trade with way worse spreads, with brokers who constantly, intentionally freeze and spike, WOULD BE A BETTER OPTION?
I'd genuinely love to see any counters to these that could in the least bit be a little reasonable.
  • #7,252
  • Apr 17, 2021 11:47am Apr 17, 2021 11:47am
Quoting PaulMF
{quote} 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
I've used all of them over the years and they are atrocious brokers with terrible trading conditions. And why would I risk my own money when I can trade risk-free with FTMO? Rhetorical question, of course, you have no answers of any worth but your pathetic attempt to discredit FTMO or anyone that takes advantage of their service is entertaining. Thanks for that at least.

As stated many many times. I could care less how FTMO goes about their business. Just keep paying me my profits. Your schtick is tiresome and meaningless and provides nothing of interest to me.
Pride always comes before destruction.... -Proverbs 16:18
  • #7,253
  • Apr 17, 2021 11:57am Apr 17, 2021 11:57am
Quoting pipmaster77
1. You pay $640 for a 100K challenge, you need to earn 10% for one month ONLY. If you end in profit (even if only .01), try again for free. Repeat as many times as you need. 2. Once you accomplish that, earn 2.5% for 2 consecutive months. 3. Trade a 100K demo account (which they may or may not copy into their own live account) 4. Enjoy the best trading conditions you have ever experienced ( spreads, commission, slippage, no frozen platforms). The brokers that are regulated in the US are allowed to freeze platforms, spike price randomly, etc, etc....
The answer as to why is here. From Wikipedia:

Schadenfreude: is the experience of pleasure, joy, or self-satisfaction that comes from learning of or witnessing the troubles, failures, or humiliation of another.

Schadenfreude is a complex emotion where, rather than feeling sympathy, one takes pleasure from watching someone's misfortune. This emotion is displayed more in children than adults. However, adults(Paula) also experience schadenfreude, although generally, they conceal it.

Researchers have found that there are three driving forces behind schadenfreude: aggression, rivalry, and justice.

Self-esteem has a negative relationship with the frequency and intensity of schadenfreude experienced by an individual; individuals with less self-esteem(Paula) tend to experience schadenfreude more frequently and intensely
Pride always comes before destruction.... -Proverbs 16:18
  • #7,254
  • Edited 1:03pm Apr 17, 2021 12:12pm | Edited 1:03pm
Quoting Expo33
{quote} I've used all of them over the years and they are atrocious brokers with terrible trading conditions. And why would I risk my own money when I can trade risk-free with FTMO? Rhetorical question, of course, you have no answers of any worth but your pathetic attempt to discredit FTMO or anyone that takes advantage of their service is entertaining. Thanks for that at least. As stated many many times. I could care less how FTMO goes about their business. Just keep paying me my profits. Your schtick is tiresome and meaningless and provides nothing...
Very suspicious! No broker of a entire list of regulated brokers suits your needs...

From your point of view, only FTMO, that in fact isn't a broker, is good in trading conditions terms...

A demo account is also valid. Just I would like to see your results in another part different than FTMO. The same trades but in a demo account in a trusted broker. Otherwise, I will believe you are hiding something.
Always ready to help
  • #7,255
  • Apr 17, 2021 12:14pm Apr 17, 2021 12:14pm
Quoting Expo33
{quote} The answer as to why is here. From Wikipedia: Schadenfreude: is the experience of pleasure, joy, or self-satisfaction that comes from learning of or witnessing the troubles, failures, or humiliation of another. Schadenfreude is a complex emotion where, rather than feeling sympathy, one takes pleasure from watching someone's misfortune. This emotion is displayed more in children than adults. However, adults(Paula) also experience schadenfreude, although generally, they conceal it. Researchers have found that there are three driving forces...
Very kind of you FTMO relatives.
  • #7,256
  • Apr 17, 2021 12:32pm Apr 17, 2021 12:32pm
Quoting PaulMF
{quote} Very suspicious! Nor broker of entire list of regulated brokers suits your needs... From your point of view, only FTMO that in fact isn't a broker is good in trading conditions terms... A demo account is also valid. Just I would like to see your results in another part different than FTMO. The same trades but in a demo account in a trusted broker. Otherwise, I will believe you are hiding something.
Regulations does not make the broker trusted. Oanda, forex.com and IG are some of the shadiest brokers in the world. All regulated on multiple continents. You guys with this regulation crap. It is only done to make ease of entry tougher, that is all. No benefit to the trader. In the US, your funds are not even protected. Please, being from whatever country you are, learn what we are dealing with in the US
  • #7,257
  • Apr 17, 2021 1:01pm Apr 17, 2021 1:01pm
Quoting Expo33
{quote} The answer as to why is here. From Wikipedia: Schadenfreude: is the experience of pleasure, joy, or self-satisfaction that comes from learning of or witnessing the troubles, failures, or humiliation of another. Schadenfreude is a complex emotion where, rather than feeling sympathy, one takes pleasure from watching someone's misfortune. This emotion is displayed more in children than adults. However, adults(Paula) also experience schadenfreude, although generally, they conceal it. Researchers have found that there are three driving forces...
off-topic

I have low self-steem. I agree! Also, I'm a looser. But that does not matter.

Let's focus on the topic of the thread
Always ready to help
  • #7,258
  • Apr 17, 2021 1:15pm Apr 17, 2021 1:15pm
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....
So funny i really like this sentence you say first that no trades go into live markets and then this:"We are a serious company looking for serious traders"So you are saying you pay profits out off your own pocket and then you say you are looking for serius traders a total contradiction off course you want all traders to fail if not you would be the worst off running a buisness ever....I really think that you should change the way you operate and use a broker and have the traders that make it trade real markets cause then you can find a way to find serius traders and make money on the 30% split you have....The difference in income will not be that different i am watching a video right now abaut a trader with you made 100000 dollars in a month for that money you can have 10 traders hit the max loss ore you have to sell and fail 120 traders with 100k challenges....I am trading two raphid accounts with MFF now and even i trade a demo until made 10% i make 10-15% off the demo in my "challenge" also the liveaccounts are with FXpig a real broker...I cant say that i know the trades go into market,but if a trader does well for some months they can do it....YOU CAN NOT IF A SERIUS TRADER DOES WELL WITH YOU YOU WILL HAVE TO SABOTASJE HIM CAUSE YOU DO NOT HAVE THE PO&SSIBILTY TO PUT HES TRADES INTO MARKET:::::I would feel like a idiot trading with you making real money like 70-85% split when i know i am trading a demo...
Insanityoing same ting over expecting different results..Einstein
  • #7,259
  • Apr 17, 2021 1:21pm Apr 17, 2021 1:21pm
Quoting FXsniper111
{quote} So funny i really like this sentence you say first that no trades go into live markets and then this:"We are a serious company looking for serious traders"So you are saying you pay profits out off your own pocket and then you say you are looking for serius traders a total contradiction off course you want all traders to fail if not you would be the worst off running a buisness ever....I really think that you should change the way you operate and use a broker and have the traders that make it trade real markets cause then you can find a way...
They don't look for serious traders.

Serious traders don't want to trade for them. They already know that FTMO is not a prop-firm. It's just a fraud.

Serious traders don't pay to prove their skills.

Serious traders are not verified in 3 months.

Serious traders rapidly identify when someone is lying.

FTMO only wants participation fees. That post unveils the real story. This was asked previously:

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.

And that post was the answer...
Always ready to help
  • #7,260
  • Edited 3:07pm Apr 17, 2021 1:42pm | Edited 3:07pm
Quoting FXsniper111
{quote} So funny i really like this sentence you say first that no trades go into live markets and then this:"We are a serious company looking for serious traders"So you are saying you pay profits out off your own pocket and then you say you are looking for serius traders a total contradiction off course you want all traders to fail if not you would be the worst off running a buisness ever....I really think that you should change the way you operate and use a broker and have the traders that make it trade real markets cause then you can find a way...
CORRECT !

IF they don’t execute ANY trades , then there is a BIG CONFLICT of interest , the more traders make DEMO money , the more FTMO has to pay from their profits which are the fees

so Tomas , do you execute ANY trades in the real market ?
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