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FTMO - For serious traders

  • #7,801
  • Jul 8, 2021 4:47am Jul 8, 2021 4:47am
I am waiting for FTMO to change rules to match with MFF & FT, then i will give another try with FTMO.

I failed 3 challenges with FTMO, though I passed challenge with MFF and have funding account with them.

With FT, I am in the process of passing.

I eagerly await to see FTMO to change phase 1 profit target to 8 % and then allow news trading.

A revision in challenge fee will be good too.
Intraday only.
  • #7,802
  • Jul 8, 2021 4:51am Jul 8, 2021 4:51am
Quoting navk
I am waiting for FTMO to change rules to match with MFF & FT, then i will give another try with FTMO. I failed 3 challenges with FTMO, though I passed challenge with MFF and have funding account with them. With FT, I am in the process of passing. I eagerly await to see FTMO to change phase 1 profit target to 8 % and then allow news trading. A revision in challenge fee will be good too.
Don't like the new swing account which allows news trading? or you need the extra 1:70 leverage?
  • #7,803
  • Jul 8, 2021 4:58am Jul 8, 2021 4:58am
Quoting tomosie
Hi is it FTMO legit? Does anyone here pass the real challenge and can make money from fund they offered? Several days ago i run Trial Challenge and today i got passed. Here the result https://trader.ftmo.com/metrix?share=638a901a385a {image} Actualy Im trading with robot EA AutoGreen https://www.mql5.com/en/market/product/68514 Can we trade with robot? or just for manual trade?
Lol i see what you're doing
  • #7,804
  • Jul 8, 2021 5:04am Jul 8, 2021 5:04am
Quoting Koop
{quote} Don't like the new swing account which allows news trading? or you need the extra 1:70 leverage?
Target needs to be reduced to 8 %.

Leverage does not mean much.
Intraday only.
  • #7,805
  • Jul 8, 2021 7:39am Jul 8, 2021 7:39am
Quoting tomosie
Hi is it FTMO legit? Does anyone here pass the real challenge and can make money from fund they offered? Several days ago i run Trial Challenge and today i got passed. Here the result https://trader.ftmo.com/metrix?share=638a901a385a {image} Actualy Im trading with robot EA AutoGreen https://www.mql5.com/en/market/product/68514 Can we trade with robot? or just for manual trade?
Wow, I'm so naïve. I couldn't figure out this was actually an ad for your EA. Since, you passed the challenge with it, I went ahead and bought 3 of them. Hopefully, some other gullible people like myself will see your post as well.
  • #7,806
  • Jul 8, 2021 3:17pm Jul 8, 2021 3:17pm
Quoting navk
I am waiting for FTMO to change rules to match with MFF & FT, then i will give another try with FTMO. I failed 3 challenges with FTMO, though I passed challenge with MFF and have funding account with them. With FT, I am in the process of passing. I eagerly await to see FTMO to change phase 1 profit target to 8 % and then allow news trading. A revision in challenge fee will be good too.
Hi Navk,

Have you been paid by MFF and what is FT?
  • #7,807
  • Edited 4:17pm Jul 8, 2021 3:42pm | Edited 4:17pm
Thought to drop a couple of trader-friendly suggestions for FTMO -

1. Refund half the fee after passing the challenge; and the other half after verification.

2. If a trader exceeds the 10% or 5% targets by 0.1%; cut the 10 minimum trading days rule; advance to next stage asap.

3. On normal accounts, every trade executed or closed during the news release window should be settled by your accounts dept. at a cap of the new 1:30 leverage. Considering that right now, traders may hold positions that exceed 1:30 leverage sizes before the news window opens though they may not close those trades during the window.

4. At some point, consider the option of bi-weekly payouts. If cost is the bottleneck, perhaps you look at a 68/32% profit split for withdrawal instances at the middle of the trader's monthly cycle.

The unit of life is time..I believe FTMO would benefit from a FAST-TRACK plan..

Regards.
  • #7,808
  • Jul 8, 2021 4:08pm Jul 8, 2021 4:08pm
Quoting Thoughts
The unit of life is time..I believe FTMO would benefit from a FAST-TRACK plan.. Regards.
Please elaborate on what'd you mean by fast track plan?
  • #7,809
  • Jul 8, 2021 4:22pm Jul 8, 2021 4:22pm
Quoting mcquak
{quote} Please elaborate on what'd you mean by fast track plan?
he cant wait 10 days for his account, so he wants the 10 days rule gone.
  • #7,810
  • Jul 8, 2021 5:57pm Jul 8, 2021 5:57pm
Quoting navk
I am waiting for FTMO to change rules to match with MFF & FT, then i will give another try with FTMO. I failed 3 challenges with FTMO, though I passed challenge with MFF and have funding account with them. With FT, I am in the process of passing. I eagerly await to see FTMO to change phase 1 profit target to 8 % and then allow news trading. A revision in challenge fee will be good too.
What's the spread like at FT?
  • #7,811
  • Jul 8, 2021 9:32pm Jul 8, 2021 9:32pm
Quoting stirmatt
{quote} Hi Navk, Have you been paid by MFF and what is FT?
hi,

I submitted 2 % bonus request, and being processed with MFF.

FT challenge still going on
Intraday only.
  • #7,812
  • Jul 9, 2021 6:07am Jul 9, 2021 6:07am
Quoting EnoFX
{quote} What's the spread like at FT?
This is FTMO thread. And I do not want to talk about competitor' s plus and minus here.

Will comment / write about FTMO in this thread.

Sorry.
Intraday only.
  • #7,813
  • Jul 9, 2021 10:45am Jul 9, 2021 10:45am
Hello everyone,
welcome to another update, today back in the regular Friday term. Some questions were raised since the last post, but let’s start with updates & insights from FTMO as usual.

Just yesterday, the new Swing account type has been added to our Free Trial configurator.

As the leverage is reduced, we understand that our traders naturally want to test the account first before getting into the Challenge, and by including the option in our Free Trials, we are giving you the chance to do so.

Now to platforms: tomorrow on Saturday, 10th July 2021, platform maintenance is scheduled from 8:00 to 20:00 platform time (GMT+3), so those of you who trade cryptocurrencies during the weekend, please make sure to manage your trades accordingly.
And starting from Monday, 12th July 2021, trading hours of Cash CFD, Metals CFD and Futures CFD will permanently change.
The symbols will have their open time postponed by 5 minutes, their market close time will be anticipated by 5 minutes with respect to the current trading hours. If you’d like to see the specific symbols affected, kindly visit our symbols page.

Finally, let’s focus on your recent comments here in our thread. First off, I’d like to thank you for your feedback and suggestions as it is exactly such feedback based on which we develop new improvements. There were also several posts I’d like to respond to:


Quoting Erebus
that's some serious spread right there, market has only been open for 30 minutes... {image}
Hello Erebus, Please note that spread widening after the market rollover is quite usual at the majority of non-market-maker brokerages. We are monitoring some of the major players in the industry and on some nights, our spread widenings can be slightly worse while on others, they are better. We are in talks with further LPs in an effort to improve the conditions around this time, but I can’t provide further details at this time.
NZD is particularly prone to wild swings and spread widenings as it is a relatively small market with a much smaller money supply. Note that while USD M1 is ~ 19,220.00 Billion USD, NZD M1 is more than 200x smaller and is ~ 121.00 Billion NZD (= ~84 Billion USD)
Many professional traders avoid trading NZD altogether. In the past, there was a person that was able to open a short trade with a volume larger than entire New Zealand’s money supply at that time. If you were looking for something to read, check out “The Vandals’ Crown” by Gregory Millman.

Quoting HoLoTrader
When you will introduce maximum allocation to 1kk and 8% target with 60 days for challenge and 90 verification?
Hi HoLoTrader, although we’re generally open to new ideas, changing such important Evaluation factors as the Trading Period and the Profit Target would be a vital intervention to our current rules and as far as I know, no such adjustment can be expected in the near future.

Quoting KarenJones
Hi guys new to forex factory, has anyone ever had a issue regarding FTMO metrix not picking up trades? Im at verification stage with 2 trading days left to before passing and my trades haven’t gone through today? I’ve contacted support and they are saying my accounts being investigated I am no where near any violations just wondering what I could of did? thanks
Hello KarenJones, the reason why there might be certain trades missing in your Account MetriX is simply due to a minor communication error between the trading platform and our MetriX. I apologize for the inconvenience, please address the issue at [email protected] and we will fix it for you. Note that our risk management system as well as Today’s permitted loss are working independently of the trades being recorded in MetriX, so in case a trade was missing in the MetriX Journal, there is no significant impact.

Quoting waseemji
What exactly does FTMO offer? Adding statistics from the trading account or copying positions from other users? I came across this site FX Merge yesterday and they have very nice statistics.
Hello Waseemji, and welcome to our thread! Thank you for your compliments, however, we do a lot more than just provide traders with statistical applications. We are primarily looking for great traders who, upon successfully proving their trading abilities, get to manage our FTMO Account with up to $200,000 with the eligibility to withdraw 70% of their profits. All the details can be found on our website.


That marks the end of the update and of the week as well. I hope you all enjoy some time off & kindly bear in mind the above-mentioned trading hours adjustment starting from the following week.

-Tomas
  • #7,814
  • Jul 9, 2021 10:56am Jul 9, 2021 10:56am
In the challenge and verification stages where you have a time limit to complete is the leverage 1:30 also, or 1:30 starts only when you go live
and you have all the time you need?

Thank you
Those who don't believe in magic will never find it
  • #7,815
  • Jul 9, 2021 11:06am Jul 9, 2021 11:06am
Hi everyone

I haven't been on here for a while but thought I would provide a quick update on this latest month with FTMO.

One account is still underwater, so I am chipping away at it to get it positive again.

My second account's first profit-split day was last Thursday 1st July. The refunded challenge fee was back on my payment card the next day, on Friday 2nd July. I confirmed the FTMO-generated invoice on Friday 2nd July and my 70% split of the profit was in my bank account on Monday 5th July.

I'm so happy with FTMO. They are professional, their communications are great and trading objectives are super-clear.

Thanks to the whole team! Here's to many years of trading with you! :-)
  • #7,816
  • Jul 9, 2021 11:20am Jul 9, 2021 11:20am
FTMO should reduce the fees for new comers
Allergic to bullshitters, never argue with fools
  • #7,817
  • Jul 9, 2021 1:11pm Jul 9, 2021 1:11pm
Quoting Takisd
{quote} he cant wait 10 days for his account, so he wants the 10 days rule gone.
Thanks Takisd; though with suggestion number 2, it's not really about not having the patience to wait 10 days.

The 10 day rule is redundant from a trader's perspective IF the target for the period has been exceeded. For instance, if by Day 3, youre 10.1% up for a target of 10%; you waste 7 days twiddling thumbs. This fact is placed within the context that it takes a minimum of about 2 calendar months (60 days) from scratch before a fee refund or trading yield from an FTMO account.

In my initial post, suggestions 2 & 3 deal somewhat with eliminating redundancies; while suggestions 1 & 4 look to add new significant items to the value proposition that hopefully don't profoundly impact FTMO's current operations.


@Tomas-ftmo

Quoting Tomas-ftmo
Hello everyone, welcome to another update.. -Tomas
Please do revert at your earliest convenience to..

Quoting Thoughts
Thought to drop a couple of trader-friendly suggestions for FTMO

Thank you..
  • #7,818
  • Jul 9, 2021 6:16pm Jul 9, 2021 6:16pm
Anychance of a 50% discount on a 140k GBP account
  • #7,819
  • Jul 9, 2021 6:59pm Jul 9, 2021 6:59pm
Quoting navk
{quote} hi, I submitted 2 % bonus request, and being processed with MFF. FT challenge still going on

Just checked out MFF , website looks pretty poor tbh

Went to their FAQ's page and their qustions all get repeated 5 times over, if they cant get a simple webpage right i would not be confident in anything else
  • #7,820
  • Jul 9, 2021 7:34pm Jul 9, 2021 7:34pm
Quoting Thoughts
{quote} Thanks Takisd; though with suggestion number 2, it's not really about not having the patience to wait 10 days. The 10 day rule is redundant from a trader's perspective IF the target for the period has been exceeded.
The mark of a profitable trader is patience. 10 days is nothing.
Trade with confidence, trade without fear.
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