FTMO - For serious traders

Once you reach target this time, smash your phone and your PC on the ground or ask someone to change your MT4 password and not tell you the new one

i used to have this issue also in the past with overtrading and feeling bored if i dont trade, thats a sign u have not mastered your emotions yet, man i remember i did all the stupid shit in the books when i was starting, i dont even wanna think about it makes me sad lol

Well, if that makes you feel better you are not the only one with rollercoaster emotion problems

Good luck,

Haha, is that a 200k account?
Lol how the hell does this happen

300K

Well, you have a loss. Then another one and another one and then somehow all your 12-year trading experience goes out of the window.

dude you made almost 24k and u didnt cash out ? daaaam

I think I can restrain myself, I have willpower) Today I started a paid challenge of 35k pounds.

Lol oh 300k, that's even understandable/pardonable as you had to keep trading.
On the other hand Lovescalping and the other guy actually reached their targets comfortably before the nosedive.

Just take it easy and get back above break even so you could get a free retry. Merciless game.

After some time you get immune to this shit...

Wait, that's not a challenge? Haha
Okay okay, not pardonable

Knowing how prone to Revenge trading I am, I would probably lose the account trying to force my way back to 20k

When you learn this, feel free to share

Hi traders,
the heat has sort of settled off since the last update, however, the forum recently became rather a group chat between a couple of members, often repeatedly going over the same speculations over and over again. That is definitely not the intention of our thread and many of you have expressed your dissatisfaction with the current situation. In the last post, I’ve covered topics such as how does the FTMO Account work, the position of FTMO in regards to regulations, or how does the FTMO Solution work, so if you’ve missed the last update, kindly navigate to page 361.

PaulMF has been the most active user with over 60 posts since the last update. Sadly, many of those posts are plain, biased accusations of us being “liars”, “fraudulent”, etc., or completely false information (such as FTMO removing anyone from the thread) with the obvious purpose of trying to harm our company. There were several relevant questions on the leverage or our LPs and I’ve addressed those in my recent post, however, I do not think many members here are eager to see who is currently viewing your profile or who do you think is on whose side here. The thread is not a playground.
We’re aiming to lead a polite and mainly informative discussion for everyone who is interested in trading with FTMO. With the same, groundless accusations being posted over and over again, the originally meant informativeness of the thread fades away behind dozens of repetitive posts that hardly add any value to the community. As you can see, many members complain about the great amount of your post they do not find informative and nor entertaining. Several members using the “Ignore” feature on your profile proves my point and if you decide to continue with the current amount of irrelevant posts, I do have the last option of banning you from the thread.

Now I’d like to get to FTMO for a moment. I do not have any major updates to disclose today, we’ve done some minor improvements to the Client Area and also the Economic Calendar, which, among others, now enables you to filter out restricted events only.
In regards to our trading platforms, we had a great week without any issue. We faced one inconvenience though, yesterday on the 22nd of April between 02:07 to 02:57 CEST, our Free Trials were affected by a minor technical issue, which caused a temporary delay in their Account MetriX. As mentioned, we’re talking about a minor technical glitch, so we’ve managed to fix it within 20 minutes after identifying the issue.

That’s about it for the update and my thoughts on recent events on our thread. There were also several questions I’d like to respond to, so please find those below:


Hi Profitfarmer, we’ve been using the term “funded” in the past before we were briefed by our lawyers about the correct terminology. The term “funded” has been removed from our website and is no longer used by our support agents either. We are aware it still appears here on ForexFactory and also in the name of our YouTube channel and we are already raising requests for a change. Nonetheless, we’ve never advertised that we would provide anyone with a live account and the whole explanation is in our FAQ section for the whole time, just two clicks away from our homepage.

Hello Takisd, as you’ve mentioned, you’ve worked for brokers. However, FTMO is not a broker and our operations are most likely different from your own experience with retail brokers who are required to operate under certain regulatory guidelines and in a completely different way.
As we are not a brokerage company, we are not required to hold a license from the local regulator. However, we managed to get a MetaQuotes license, and as mentioned, all the accounts that our traders get are demo, hence the ESMA regulations (that normally apply to EU brokers since being depository institutions) are not applicable in this case either. FTMO-Server and FTMO-Server2 adopt the STP execution model, which is A-book, not B-book as you've hinted. We are not taking opposite sides of our traders' positions as it would constitute a conflict of interest. Bear in mind we're a Proprietary Trading Firm and we trade our own funds hence it is our interest for the best clarity and execution model conditions for ourselves alike.
Regarding the liquidity providers, I’ve stated that especially with the rising competition, we are cautious with sharing internal information and we consider the specific names of our LPs as sensitive, classified information. It’s not a secret that the first LP of the FTMO solution was LMAX and later on, we’ve switched to the aggregated pool of liquidity providers whose names we do not wish to publish, just as we do not wish to publish how exactly we connect FTMO Accounts to the live markets as it is proprietary know-how. Besides, it could also serve as a tutorial for the competition. As I’ve mentioned in the previous post, this proprietary solution has cost significant resources and research. I believe you’d agree with me that publishing everything upon request would not be the wisest thing to do.

Hi DanteThunder, I’m glad to see your interest. We have never provided anyone with a live account, we state that quite clearly. I’ve checked the thread you’re mentioning, but there are unfortunately too many posts for me to find the specific one where the “FTMO live account” is shown. Would you please send me the link to the direct post instead?

Hi Biomaxxfirre, I’m pretty sure you’ve already received a response, but I’d like to react to your post as well. As long as you do not violate the Trading Objectives or the FTMO Account Agreement, you get to keep the FTMO Account. If you end up in a loss on the Profit Split Day, you just simply won’t receive any profits for the particular month and you’ll start the next month with whatever is left on your FTMO Account. The initial fee is refunded once you finish your first profitable month as an FTMO Trader, so in this case, your colleague won’t receive the refund just yet.

Hi Fxsniper111, I have never mentioned that no trades go into the live markets and I’m not sure what led you under the impression I have. I’ve said that FTMO does not provide their traders with live accounts and direct access to the live market and that FTMO Accounts are connected via a proprietary algorithm to the pool of liquidity providers, using the STP execution model to live markets. You’re suggesting we should use third-party brokers again to prove our credibility. In the previous post, I’ve clearly explained why we decided to shift to our own solution instead.
You’ve also mentioned that you even think that FTMO Traders we interview are paid actors, which would be honestly absurd. We have never paid anyone to post positive reviews anywhere or to dishonestly promote us, we simply do not need to engage in such shady practices.

Hi Miksiu, I think one of our members has already responded, but I’d like to confirm that yes, the Scaling Plan does apply to all FTMO Account sizes.

Hello John156899, the 453ms Round-trip latency you see in MetaTrader measures the time of a multiple-step process, which even if fast, is not instantaneous. Specifically, the order request goes first from your terminal to our server, which in turn requests the relevant quote from our liquidity providers. The received quote is then processed according to the order and the result is sent back again to display on your terminal. As you may have noticed, part of the latency is simply due to the time needed for the order request to reach our server from your terminal and to send the data back to your device. An eventually extended latency at this last stage does not impact the results of the trade, as by that time they have already been set, depends completely on your local connection/device. The pure execution itself is way quicker than the whole timespan registered.

Hello Koop, Skrill is an available option for Profit Split payouts and further payout withdrawal options are currently in development.

Hello Pipmaster77, the purpose of this thread is to provide our traders with regular updates, give them certain insight into FTMO and generally discuss any topics related to trading with FTMO. The thread got recently sort of flooded with repetitive and often irrelevant posts, however, I’m sure that after we clear out the whole situation, the thread will come back to normal.

Hi Anthon, once you pass all the Trading Objective, you do not have to wait for the whole duration of 30 days to expire. We will immediately check your trades and you will receive the Verification account within 2 business days.

Hello Parveenverma, if there is any ongoing issue, you may contact us 24/7 either at [email protected] or using our LiveChat service directly on our website. Our agents are trained to help you with any possible issue you might have, so I’m sure we’ll be able to help you as well.


Alright, that’s about everything I wanted to talk about today. I hope I’ve answered some of the questions that were concerning you the most and I also hope I’ve sufficiently expressed my stance towards the recent course of events here on the forum.
Thank you for your attention, enjoy your weekend and I’ll be back next week as usual.

- Tomas

Hi Tomas,
I am sure FTMO wishes that sentence to be true, and regret using fake review back when starting out.
But regret isn't changing the facts.
Never dishonestly promoted ...just factually incorrect.
You can deny, and in turn someone can dig up the relevant proofs available on Forex factory, documented.
Or you can correct your statement about " never" and acknowledge that FTMO indeed were not always above shady practices.
Your choice.

That leads to the present, where history could repeat, especially when interview winners too selectively for headlines, and many turn out to be one way or another some influencer type.
If I may, suggest to try to find the everyday guy also, who does stay months with the firm, not make high 5 digit gains and disappear, but make solid 4 digit and actually last.

Anyways,
Good to have a honest company, even if takes some lawyers to straighten things out.
Happy to hear the writings on the way too.
Now really live that above " never dishonest" things left.
Keep up the (good) work!
Z

is that Z for Zorro ?

I just found that thread/post made by a member named Tesmy in 2017. Been to lazy to search all the times you talked about paid reviews.

I think it was more of a fake review than paid if indeed it was fabricated.
It's on their website so they could have put it there themselves.
Even if we ignore the counter argument given by Otakar that the testimonial was real but the photo of the person who made the testimonial could have been a stock photo in order to maintain privacy, you may still be wrong Z, it might not have been a paid review.

Lol funny to see that you've been on FTMO's neck since 2017. I'll admit, there are a few contradictions between their past statements and recent ones but IMO it's still a plus that they survived this long.

I do not feel convinced by this argument. If i risk $450 with a prop firm for 40k, i need to make 2% of my account to recover 100% of my investment. In the same vein, a loss of 4% takes out 100% of the investment which is $1,600, almost four times my risk.

Making 2% of 40k is surely easier than making 100% of $450.

Assumption. We know how to trade.

Ill go with 2.5% per month so that we pass the verification stage in two months.

By the way, I just saw something pretty nice relieving but also a little worrying about trading around news violation.



Turns out this guy opened a trade within the restricted timeframe of a news event and violated that rule on his funded account.
But it turns out that FTMO were kind enough not to disqualify him or strip him of the account, instead the gains of that particular trade were voided/cancelled and he was still eligible for pay out on other profits for the month.

That's great compared to losing the account.

However, what bothers me is why FTMO would choose to cancel the trade if it ended up profitable? Did they earn on the trade themselves in their "live" accounts and just do this to punish the guy and remind him not to repeat it?

Trade copying must automatically get disabled around news release, which means although the trader might have caught a news spike and made money, FTMO would not have made a dime at that moment. And to pay the trader, they would have to pay from their own pockets. So it is easier just to cancel the trade, and the trader would just be ecstatic his account didn't get cancelled. Win-win.

Ohh, that makes a whole lot of sense. Thank you.