Can the ranks CHINA 50 and US2000 be traded in FTMO
- #7,864
- Jul 27, 2021 1:50pm Jul 27, 2021 1:50pm
- Joined Feb 2015 | Status: Trader | 2,476 Posts
Trade with confidence, trade without fear.
Hi all!
Apologies as I am new to the forum but looking to contribute more going forward. I have a couple of questions I am hoping someone knows the answer to please:
1) I recently passed the challenge and verification stages and received my FTMO Funded account, however I am in the negative of the balance (£70K acc and at about £67 currently). With the monthly reset it would clear any profits and return the account back to the original amount, does the same work for losses as long as I am still within the trading rules? So if I left that account now then it would still reset back to £70K at the end of the month? I am asking because I have had a look through the contract but the wording doesn't seem 100% clear to me sorry.
2) Related to the above, if I get a second funded account and merge the two accounts (so a £70K account at that level and a £67k account from the DD), would the daily draw down be 5% of the new total?
Cheers!
Meat
Apologies as I am new to the forum but looking to contribute more going forward. I have a couple of questions I am hoping someone knows the answer to please:
1) I recently passed the challenge and verification stages and received my FTMO Funded account, however I am in the negative of the balance (£70K acc and at about £67 currently). With the monthly reset it would clear any profits and return the account back to the original amount, does the same work for losses as long as I am still within the trading rules? So if I left that account now then it would still reset back to £70K at the end of the month? I am asking because I have had a look through the contract but the wording doesn't seem 100% clear to me sorry.
2) Related to the above, if I get a second funded account and merge the two accounts (so a £70K account at that level and a £67k account from the DD), would the daily draw down be 5% of the new total?
Cheers!
Meat
{quote} 1. You will need to recover the losses 2. I believe both accounts must be in profit to merge.
OK great thank you for the info
, so let's say that first account dropped to £63.1K (so just below the 10% DD limit) then it would make sense to just leave it as is or ask for it to be closed? Due to the attempt to recover it might close the account anyway? As the only option to recover the losses on that account would be to continue trading with it.
- #7,873
- Jul 29, 2021 3:49am Jul 29, 2021 3:49am
- | Membership Revoked | Joined Apr 2019 | 1,436 Posts
Allergic to bullshitters, never argue with fools
- #7,876
- Jul 30, 2021 6:15am Jul 30, 2021 6:15am
- | Membership Revoked | Joined Apr 2019 | 1,436 Posts
Allergic to bullshitters, never argue with fools
Hello traders,
welcome to another regular update, I hope all of you had a profitable week, maybe got to enjoy a bit of the summer temperatures as well.
As announced by Tomas, from now on, I will be taking over our regular updates as Tomas’s primary duties are keeping him busy enough to the level where he’s no longer able to dedicate the amount of time our thread requires.
Other than that, nothing really changes. The updates will remain in the same shape and form, Tomas will be keeping an eye on our forum from time to time as well.
Let’s move on to the actual update:
For the upcoming week, there are no expected outages or trading hours adjustments on any instrument.
As Tomas mentioned in the previous update, the focus is now aimed mainly at internal operations and long-term development. Nonetheless, thanks to our IT department, there's another new handy feature added to the Client Area.
Up until now, changing the password to the trading platform could be done only upon sending an email request. However, we understand that especially in emergency situations, the action has to be immediate.
Our traders are therefore now able to change the password themselves anytime directly in the Client Area using the “Change password” option in Login Credentials.
Finally, let’s switch on to your posts. Some solid questions were raised since the last Friday, kindly find my response to those below:
Hi ChilledT, I will make sure to pass your greetings to Tomas . I’m glad to hear that the Swing account type serves our traders as we intended. We’ve been actually developing it for quite some time as we had to find a solution that would be fair both to us and our traders in the long term. I believe we can now declare that our efforts have paid off.
Hello Ginev49abv, I can see that NtraderBM and Cryptosuft were kind enough to answer your question already, but just for the record, I would like to confirm that China 50 Index is present in our platform (look for the symbol CH.cash). As the Russell 2000 Index is not as popular among traders compared to other, bigger-cap indices such as SP500 or US30, you will not find it among other indices in our platform.
Hi Idnny, when our traders ask us to advise them on taxing their profits, we generally can not be very helpful as each country has a different taxation system.
As an FTMO Trader, you are simply a service provider. For those services, you’re eligible to receive commissions (Profit Split) as a reward.
In conclusion, we recommend getting in touch with your local tax advisor, just to be on the safe side. We can also send you a sample of the FTMO Account Agreement between us and the trader as that’s something that could help you out.
Hello MeatCleaver3, I’m glad to welcome you to our forum. If you’re searching for answers to your FTMO-related questions, this is the right place.
If you finish the current cycle with the balance below your initial capital, you will start the next one with whatever is left on your FTMO Account, the balance will not be automatically leveled to the initial capital.
And for the second part of your questions, in order to merge 2 FTMO Accounts into a single, master account, there are two conditions that have to be met.
We’re not able to merge FTMO Accounts just any time, the action can be performed only either before you start trading or after each Profit Split.
Secondly, both accounts have to be at their initial capital or above. If the balance of one of your FTMO Accounts would be situated below the initial capital, merging the account with another is unfortunately not possible.
Hi WarriorFX, looking good so far! Getting familiar with our model on our Free Trial account is absolutely essential for your later success during the Evaluation Course.
And that marks the end of Today's update. Thank you, everyone, for your attention and I will see you again next Friday.
Cheers, Vitek
welcome to another regular update, I hope all of you had a profitable week, maybe got to enjoy a bit of the summer temperatures as well.
As announced by Tomas, from now on, I will be taking over our regular updates as Tomas’s primary duties are keeping him busy enough to the level where he’s no longer able to dedicate the amount of time our thread requires.
Other than that, nothing really changes. The updates will remain in the same shape and form, Tomas will be keeping an eye on our forum from time to time as well.
Let’s move on to the actual update:
For the upcoming week, there are no expected outages or trading hours adjustments on any instrument.
As Tomas mentioned in the previous update, the focus is now aimed mainly at internal operations and long-term development. Nonetheless, thanks to our IT department, there's another new handy feature added to the Client Area.
Up until now, changing the password to the trading platform could be done only upon sending an email request. However, we understand that especially in emergency situations, the action has to be immediate.
Our traders are therefore now able to change the password themselves anytime directly in the Client Area using the “Change password” option in Login Credentials.
Finally, let’s switch on to your posts. Some solid questions were raised since the last Friday, kindly find my response to those below:
{quote}Hello ChilledT, I’m glad to see you back after more than a year, and moreover about the fact that you remain happy with our services. Thank you for your feedback and I wish you many large Profit Splits ahead. {quote} Thanks Tomas. Loving the new Swing account by the way. It suits my style of trading a lot better. Here's to many more Profit Splits! :-)
. I’m glad to hear that the Swing account type serves our traders as we intended. We’ve been actually developing it for quite some time as we had to find a solution that would be fair both to us and our traders in the long term. I believe we can now declare that our efforts have paid off.Can the ranks CHINA 50 and US2000 be traded in FTMO
Hello, My question is for Tomas-ftmo. Looking at the 227 messages from TraderOtakar and your 47 messages (Tomas-ftmo), I did not find my answer to the following question. I would like to know how to qualify the income that can be drawn from the profits in the FTMO business. Because as you said previously in the forum, your company only provides demonstration accounts with virtual funds and that your lawyer has made it clear to you that the accounts are called "FTMO ACCOUNT" and not funded account. So when we send you an invoice from our company...
As an FTMO Trader, you are simply a service provider. For those services, you’re eligible to receive commissions (Profit Split) as a reward.
In conclusion, we recommend getting in touch with your local tax advisor, just to be on the safe side. We can also send you a sample of the FTMO Account Agreement between us and the trader as that’s something that could help you out.
Hi all! Apologies as I am new to the forum but looking to contribute more going forward. I have a couple of questions I am hoping someone knows the answer to please: 1) I recently passed the challenge and verification stages and received my FTMO Funded account, however I am in the negative of the balance (£70K acc and at about £67 currently). With the monthly reset it would clear any profits and return the account back to the original amount, does the same work for losses as long as I am still within the trading rules? So if I left that account...
If you finish the current cycle with the balance below your initial capital, you will start the next one with whatever is left on your FTMO Account, the balance will not be automatically leveled to the initial capital.
And for the second part of your questions, in order to merge 2 FTMO Accounts into a single, master account, there are two conditions that have to be met.
We’re not able to merge FTMO Accounts just any time, the action can be performed only either before you start trading or after each Profit Split.
Secondly, both accounts have to be at their initial capital or above. If the balance of one of your FTMO Accounts would be situated below the initial capital, merging the account with another is unfortunately not possible.
{image}{image} {image}I think I will join FTMO challenge if I pass this trial
And that marks the end of Today's update. Thank you, everyone, for your attention and I will see you again next Friday.
Cheers, Vitek
- #7,880
- Jul 31, 2021 12:57pm Jul 31, 2021 12:57pm
Hi, thanks for the answer for the indexes but I have another question. I trade with an EA that places pending orders at a specific time and at a specific distance from the price, but some trades close in less than 1 minute. Is this allowed?
Banele