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FTMO - For serious traders

  • #7,981
  • Edited 7:04am Sep 20, 2021 6:32am | Edited 7:04am
https://ftmo.com/en/new-payouts-system/ I'll just leave it here, it's time to try my skills again

Angela Nara (14:58:41): Hello, my name is Angela. How can I help you?
Yuriy (14:58:46): Hello, I would like to clarify about payments on request, every two weeks. If I understand correctly, after receiving the account for management (after two stages of verification), will I be able to receive the first payment in 2 weeks?
Angela Nara (14:59:21): That is right, On FTMO Account you can request 1st payout after only 2 weeks
Yuriy (15:00:44): Is the refund of the paid amount at the expense also possible in two weeks? or month
Angela Nara (15:01:27): Sure, the fee is refunded on first profitable profit split
Yuriy (15:02:00): okay, thanks! no more questions.
sorry for my English, using google translator.
  • #7,982
  • Sep 20, 2021 11:55am Sep 20, 2021 11:55am
Hey FTMO,

So the new 80/20 and 90/10 profit splits are great, thank you for that. But is there any way to stop getting new accounts every profit split? It's the one thing I don't look forward to. Is there a way to just reset the account back to its original balance, or just subtract the profit? Every time a new account is created I have to re-login on my phone, then put back all the trading pairs that I trade in their respective orders, then I have to redo the copy software from one 100k acct to the other 100k acct.

Doing this every month is a hassle, doing this every two weeks would be tiresome to say the least.

I appreciate how fast the profit splits have become. Lets say today is the last day. the 20th. Tomorrow I get the email telling me how much I earned (the 21st). I fill out the form, you guys finish up on the 22nd. Then it needs to get approved and that takes an extra day, so the 23rd. So its not horribly slow, about 3 days starting the day after my month ended before you send out the money means I also have to wait 3-4 days for a new trading account, so I lose an entire trading week. THat will be the downside of the bi-weekly profit splits cause it will end up translating as "trade 2 weeks, off one week."

Anyway, just some feedback
The best strategy is a profitable one.
  • #7,983
  • Sep 20, 2021 12:51pm Sep 20, 2021 12:51pm
hello, i had a question. are you allowed to scalp 2 pips on ftmo ..in terms and condition it says high speed scalping not allowed
  • #7,984
  • Sep 24, 2021 3:07am Sep 24, 2021 3:07am
Hi guys, I am wondering if I can get your take on a strange going on from last night.

Background: I am testing an EA on an FTMO trial account that has a hedging function, when a trade gets a certain amount of DD the hedger kicks in. Very roughly it bounces the price off two price levels, using pending orders, until it breaks out and closes the basket safely. (Context only, not really intending to discuss the pitfalls of such a strategy)

Last night on GBPNZD something odd happened in that a pending order was taken despite the (ask) price being nowhere near it, plus it suffered from quite substantial slippage as you might expect from a very sudden price movement. However the candles on the chart, as you can see, were not even close. This happened exactly at 20.00 UK time which co-incided with Sydney open time I believe.

Normally the spread is around 1 or 2 pips but am I right in thinking that for some reason the spread catastrophically widened to around 30 pips for a fraction of a second for some strange reason. Normally this would not have been noticeable but for the activating and slippage of the stop order.

Forgive me I am not too au fait with how to insert a screenshot into this post but I think have managed to add the chart as an attachment photo.
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What also concerns me is that the other affect was that my daily drawdown was recorded as just shy of the 5% (£1450 with a max of £1750), had I not already banked about £450 in profits already in the day it would have violated the account. Not really an issue as it was only a trial but had it been a challenge or funded account that would have been voilated and closed through no fault of the user & I imagine the FTMO response to any appeal would be "tough".

Also the ladder view for that candle looks a bit off as the rungs are way apart from each other.
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Am I correct in thinking this was cause by a spread going nuts & what could have been the reason for it? ....more importantly is this a relatively regular occurence with FTMO?
  • #7,985
  • Edited 6:19am Sep 24, 2021 5:49am | Edited 6:19am
Quoting snowdonred
Hi guys, I am wondering if I can get your take on a strange going on from last night. Background: I am testing an EA on an FTMO trial account that has a hedging function, when a trade gets a certain amount of DD the hedger kicks in. Very roughly it bounces the price off two price levels, using pending orders, until it breaks out and closes the basket safely. (Context only, not really intending to discuss the pitfalls of such a strategy) Last night on GBPNZD something odd happened in that a pending order was taken despite the (ask) price being nowhere...
UK time is GMT +1 right? which i believe is the same as my timezone.
I can't explain the "why" but i can confirm that the issue is not limited to FTMO servers alone.

Look back several days or weeks on NZD pairs and i'm sure you'll spot it happen around 8pm/20:00 UK time more than 10 times across multiple NZD pairs.
I noticed it a couple of times and wondered if i was blindsided by any news event.. but that was never the case.
I guess the only explanation is it's the market close/open (Aud/Nzd) spread widening.

Feed from Global Prime ECN Broker -

Yesterday (23/09)-
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Days ago (21/09)
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  • #7,986
  • Sep 24, 2021 5:56am Sep 24, 2021 5:56am
Quoting Koop
{quote} UK time is GMT +1 right? which i believe is the same as my timezone. I can't explain the "why" but i can confirm that the issue is not limited to FTMO servers alone. Look back several days or weeks on NZD pairs and i'm sure you'll spot it happen around 8pm/20:00 UK time more than 10 times across multiple NZD pairs. I noticed it a couple of times and wondered if i was blindsided by any news event.. but that was never the case. I guess the only explanation is it's the market close/open (Aud/Nzd) spread widening.
Yep I have seen strange goings on with NZD pairs similar to this before but in the past there has always been a big wick on a candle & it was visually obvious from the chart. It generally seems to co-incide with public holidays from memory. Perhaps sometimes like last night the movement is over so quickly it doesn't register on the charts but does trigger pending orders and tp/sl settings? While other times it is slightly slower completing, long enough to appear as a massive wick.

Anyhow no harm done as the hedge trade was completed this morning, just another thing for us retail traders to be wary off I guess.
  • #7,987
  • Edited 6:24am Sep 24, 2021 6:01am | Edited 6:24am
Quoting Koop
{quote} UK time is GMT +1 right? which i believe is the same as my timezone. I can't explain the "why" but i can confirm that the issue is not limited to FTMO servers alone. Look back several days or weeks on NZD pairs and i'm sure you'll spot it happen around 8pm/20:00 UK time more than 10 times across multiple NZD pairs. I noticed it a couple of times and wondered if i was blindsided by any news event.. but that was never the case. I guess the only explanation is it's the market close/open (Aud/Nzd) spread widening.
NZD has two rollovers, the normal one at 00:00 server time, which is 5 pm eastern. However, NZD also has one 2 hours prior, which I believe is when NZD actually opens, so 22:00 or 3 pm eastern.

https://ftmo.com/en/market-conventio...lovers-on-nzd/
  • #7,988
  • Sep 24, 2021 6:24am Sep 24, 2021 6:24am
Quoting pipmaster77
{quote} NZD has two rollovers, the normal one at 00:00 server time, which is 5 pm eastern. However, NZD also has one 2 hours prior, which I believe is when NZD actually opens, so 22:00 or 3 pm eastern.
Oh... That definitely explains it.
Since i noticed the pattern i started closing NZD trades that were still too close to entry around that time or briefly removing stops since price always seems to revert back after a few seconds/minutes at least 98% of the time.
  • #7,989
  • Sep 24, 2021 11:56am Sep 24, 2021 11:56am
Hello Traders,
the first autumn update is here along with some rather important news. Well, “news” might not be exactly the right term anymore as I can tell from your recent post. But nevertheless, let’s get on with the update.

Starting off with a very important platform-related news: taking effect on the 1st of October, the minimum supported MetaTrader 4 build version will be increased to 1320, and terminals with older versions will no longer be able to connect to servers. To avoid malfunctioning and issues with your trading accounts, please update your MT4 platform to the latest build version 1340, which is available at the following link: https://download.mql5.com/cdn/web/ff...ftmo4setup.exe
Let’s now address one of the most important adjustments to our conditions in the past months - the new payout system.

Profit Split ratio
All the new FTMO Accounts now have a default Profit Split ratio of 80/20. The Profit Splits on the currently active FTMO Accounts that started before the 16th of September will be processed as 70/30, their payout ratio will be adjusted in the following Reference period.
The 80% payout is not the maximum you can get, however. All the FTMO Traders that meet the conditions of our Scaling Plan receive, among the 25% balance increment, also the eligibility for the 90% Profit Split on their current FTMO Account.

Payout on-demand
The payout frequency has been increased, but not only that - let me break it down.
After 14 days from your first trade on the FTMO Account, you will unlock the option to choose the most suitable Profit Split Day. The Profit Split Day can be changed up to 3 times for each withdrawal, anywhere between the 15th and the 60th (inclusive) day from the start of your trading. For example, if a trader starts trading on the 1st of April, the first Profit Split Day will be available on the 15th of April, and the latest option for the Profit Split Day will be after 60 days, hence 31st May.

The new payout system is also already anchored in FTMO Account Agreement, so if you’d like to check the updated version, feel free to ask for a sample at [email protected].

Now I would like to move on to your recent posts. Also, I would like to emphasize that if there would be anything you’d find unclear about the payment system, I’m here to help.


Quoting tameurnia
https://trader.ftmo.com/account-analysis?share=4c903e7bbc46 I want to give feedback Funding actually looks like 50,000. But this is not true...because you are not entitled to dispose of the full amount. If you lose 2500 in a day or lose 5000 you will be fired and rejected. This means that the real account is 5000. And not 50000. The second thing. If you go 30,000 and lose 5,000, you will be rejected and suspended. Although the result is a profit of 25000. I hope the finance company will change the terms.
Hello Tameurnia, the main point is that we provide our traders with a substantial amount of free margin they may use for their trading needs while we cover the losses. FTMO Traders, therefore, get the chance to manage an account with a considerable deposit, plus the fear factor of losing their own money is neutralized.
On the other hand, we, of course, do not want to risk that the trader could reach the stop-out level, there is only a certain amount of loss we are willing to cover. That is why there’s a set Max Loss limit to 10% (20% on the Aggressive risk account).

Quoting Teevers
Hi FTMO, Please can you confirm if there are any plans to add more stocks soon? If so, please can you give a rough estimate for how many more may be added? Regards, Nathan
Hello Teevers, although we plan to improve the variety of the offered instruments, I’m unfortunately currently not able to tell you whether there will be new stocks available in the near future.

Quoting AnRan
Hey FTMO, So the new 80/20 and 90/10 profit splits are great, thank you for that. But is there any way to stop getting new accounts every profit split? It's the one thing I don't look forward to. Is there a way to just reset the account back to its original balance, or just subtract the profit? Every time a new account is created I have to re-login on my phone, then put back all the trading pairs that I trade in their respective orders, then I have to redo the copy software from one 100k acct to the other 100k acct. Doing this every month is a hassle,...
Hi AnRan, I’m glad you’re happy with the news. When it comes to creating a new FTMO Account for each Reference period, the solution is simply way more administratively effective and it allows us to process payouts faster & mitigate the possible threat of a human error.
Also, the payout is being processed typically on the following day after your confirmation. That is also when the new FTMO Account is being created. Generally, most traders “lose” 1-2 trading days when withdrawing their profits.

Quoting trader2783
hello, i had a question. are you allowed to scalp 2 pips on ftmo ..in terms and condition it says high speed scalping not allowed
Hi Trader2783, going for 2 pips is alright. The point of this clause is to prevent traders from abusing Arbitrage opportunities. Also, please note that as all of our accounts are set in real-market conditions, occurrences such as slippage may happen, so bear that in mind, especially when scalping.

Quoting snowdonred
Hi guys, I am wondering if I can get your take on a strange going on from last night. Background: I am testing an EA on an FTMO trial account that has a hedging function, when a trade gets a certain amount of DD the hedger kicks in. Very roughly it bounces the price off two price levels, using pending orders, until it breaks out and closes the basket safely. (Context only, not really intending to discuss the pitfalls of such a strategy) Last night on GBPNZD something odd happened in that a pending order was taken despite the (ask) price being nowhere...
Hi Snowdonred, as correctly confirmed by Pipmaster77, NZD pairs actually have 2 rollovers.
Generally, forex market rollover occurs at 17:00 Eastern Time (EST, New York), which corresponds to 23:00 Central European Summer Time (CEST) and 00:00 time on the MetaTrader server platform (EEST/GMT+3).
The New Zealand Financial Markets Association (NZFMA) then sets the rollover time for currency pairs having an NZD leg also at 22:00 on the platform time.
We have also recently published an article related specifically to the NZD rollover, you may find it here.


Alright, that's it for this Friday. I hope you'll enjoy the higher Profit Split ratio that we were able to set. Thank you for your attention, I'll be sharing another set of news next week as usual.
Enjoy your weekend everyone!
-Vitek
  • #7,990
  • Sep 25, 2021 3:01am Sep 25, 2021 3:01am
Quoting AnRan
Hey FTMO, So the new 80/20 and 90/10 profit splits are great, thank you for that. But is there any way to stop getting new accounts every profit split? It's the one thing I don't look forward to. Is there a way to just reset the account back to its original balance, or just subtract the profit? Every time a new account is created I have to re-login on my phone, then put back all the trading pairs that I trade in their respective orders, then I have to redo the copy software from one 100k acct to the other 100k acct. Doing this every month is a hassle,...
I'm not from FTMO, but from what I've read they reset the trading accounts each month. It's mostly about simplifying accounting. If you're strictly trading from your phone, I'd highly advise against doing that. I have my old MT4 templates that i can load into an account in the blink of an eye on my computer. Maybe save your levels/templates on your computer, and you can set them back up on your phone quickly. You're not missing out on a trading week. Given what you've said, you're just going to wait a week later to get paid. If you want the higher profit split, you're going to have to wait.
  • #7,991
  • Sep 27, 2021 3:06am Sep 27, 2021 3:06am
Quoting Vitek-ftmo
{quote}Hi AnRan, I’m glad you’re happy with the news. When it comes to creating a new FTMO Account for each Reference period, the solution is simply way more administratively effective and it allows us to process payouts faster & mitigate the possible threat of a human error. Also, the payout is being processed typically on the following day after your confirmation. That is also when the new FTMO Account is being created. Generally, most traders “lose” 1-2 trading days when withdrawing their profits.
For me, its a small inconvenience but if your current format is the best option in reducing human error, I understand why its best to keep it as it is. You all have continued to streamline all processes anyway.
The best strategy is a profitable one.
  • #7,992
  • Sep 27, 2021 9:27am Sep 27, 2021 9:27am
@vitek-ftmo...There are a lot of firms like Funding Talent that offer traders trading their live funded accounts an opportunity to pay a fee and reset their funded account if they break a rule. This allows a trader to continue trading their funded account without having to go back through the challenge again. Will FTMO offer something similar to funded traders trading the funded account? This would be very beneficial for those of us who are already trading a funded account to continue trading that account without going through a challenge again. I think this is something FTMO should seriously consider and implement very soon. Please reply.
  • #7,993
  • Sep 29, 2021 11:48am Sep 29, 2021 11:48am
Hi Vitek,
I'm sure you've seen that Funding Talent have pretty much abandoned their challenge model and pretty much their status as a prop firm. I was wondering if there are any assurances that FTMO won't fall to the same fate? Especially when regulators inevitably come knocking??
  • #7,994
  • Oct 1, 2021 4:33pm Oct 1, 2021 4:33pm
Hello Traders,
I hope everybody had a great week filled with Take Profit notifications, let’s break down the past week at FTMO.

Starting off with several important platform news: tomorrow (Saturday, 2nd October 2021), scheduled maintenance will be performed on the cTrader platform between 8 AM and 6 PM (GMT+3). As trading in this period will not be available, kindly manage your positions accordingly.

Switching on to something a little more exciting - new instruments are available!
The Market Watch has been enriched by the Volatility index (VIX.cash) and three additional cryptocurrencies (Cardano – ADAUSD, Polkadot – DOTUSD, Dogecoin – DOGEUSD).
The new symbols are currently available & being tested on our Free Trials. Once the testing period is over, they will become available for FTMO Challenges, Verifications, and FTMO Accounts as well.

I would like to remind everyone that starting from today, the minimum supported MetaTrader 4 build is version 1320, any older builds are no longer able to connect to servers. The latest version (build 1340) of our MT4 platform is available here: https://download.mql5.com/cdn/web/ff...ftmo4setup.exe

Finally, I would also like to address a minor technical issue we encountered on the 28th and 29th of September. Due to a communication error between the server and data centre, traders had a temporary problem logging into the platform (connection disruptions appeared for approximately 20 minutes around 4 pm CEST) and some trades taken on the MT5 platform might have not been reflected in the Account MetriX. We’ve managed to resolve the issue and we keep monitoring the situation with our technical providers.

That’s it for the updates. A few posts that I would like to respond to appeared here since the last Friday update, kindly find my comments below as usual:


Quoting Mdot
@vitek-ftmo...There are a lot of firms like Funding Talent that offer traders trading their live funded accounts an opportunity to pay a fee and reset their funded account if they break a rule. This allows a trader to continue trading their funded account without having to go back through the challenge again. Will FTMO offer something similar to funded traders trading the funded account? This would be very beneficial for those of us who are already trading a funded account to continue trading that account without going through a challenge again....
Hi Mdot, although I can never unmistakably confirm or refute our future business decisions, the truth remains that we are looking for serious, responsible traders that do not approach FTMO as a quick opportunity to “win” some money, but rather as business cooperation.
With that, the trader has to realize the fact that the FTMO Account is technically a fully simulated account with real market quotes from liquidity providers. We copy the trades at our own discretion using aggregated orders thanks to our proprietary risk management algorithm. If simply paying a fee would guarantee that the trader will receive access to the FTMO Account back (even after exceeding the Max Daily Loss/Max Loss), our model would rather attract gambling, which, in conclusion, could also result in higher losses on our proprietary accounts.

Quoting WinnerCritic
Hi Vitek, I'm sure you've seen that Funding Talent have pretty much abandoned their challenge model and pretty much their status as a prop firm. I was wondering if there are any assurances that FTMO won't fall to the same fate? Especially when regulators inevitably come knocking??
Hello WinnerCritic, first I would like to point out that although the proprietary trading industry got well known among retail traders just recently, we’ve been around since 2015. For those past 6 years, we’ve always been focused on delivering the best services, building a robust and reliable infrastructure and stepping up in line with our future plans and vision. Ensuring our company can remain stable in all kinds of possible scenarios (entrance of regulatory bodies into the business, various legal adjustments) was one of our first priorities that allowed us to focus on the development of our services later on. It is exactly such conservative approach that now pays its dividends, such as being an industry leader with the recent mention in the Forbes magazine with the ability to also help and invest into other, smaller businesses that strive to bring a change to the trading industry (more at https://ftmo.com/en/startups-wanted/).


Thank you for your attention and your questions everyone. I hope my responses were sufficient and I'll be back the next Friday as usual.
Enjoy the weekend!
-Vitek
  • #7,995
  • Oct 2, 2021 3:26am Oct 2, 2021 3:26am
Quoting WinnerCritic
Hi Vitek, I'm sure you've seen that Funding Talent have pretty much abandoned their challenge model and pretty much their status as a prop firm. I was wondering if there are any assurances that FTMO won't fall to the same fate? Especially when regulators inevitably come knocking??
To me that move by Funding Talent smacks of "Aaaargh we can't afford to keep paying out all these commissions as we don't have the capital invested on the other side of the trades to generate the profits to cover them". A bit like the reports of them dodging paying out on big monthly profits citing breaches of trading terms.
They have grown too big too fast after blindly jumping on the recent surge of prop firm popularity without proper planning IMO & have never come across as being as professional as FTMO in their approach.
  • #7,996
  • Oct 2, 2021 10:30pm Oct 2, 2021 10:30pm
Can we use expert advisor ?
  • #7,997
  • Oct 4, 2021 9:36am Oct 4, 2021 9:36am
Hi Vitek/FTMO,

I have some questions for you:
1. Would you consider opening a discord account? It would be easier to announce important updates there and reach many people and FTMO members, not to mention one can easily find answers to FAQs, topics, etc.
2. Is the lot sizing on MT4 the same as the cTrader's for all assets? I have been practicing with your free trial and cTrader's platform with a diff broker, and might consider choosing cTrader if the lot sizing is the same for both platforms.
3. Do you have plans in the near future of paying out in cryptocurrency or sending payouts to crypto wallets?
  • #7,998
  • Oct 6, 2021 5:18am Oct 6, 2021 5:18am
Hi Vítek, a question re the 90% split. If I achieve this level and then buy another challenge and pass, will that second funded account be assigned 90% right away (because I have already met the criteria on the first account) or do I have to earn it individually for every account?
Would I be able to merge such 2 accounts into one and under what conditions? 80% or 90% or not possible to merge them?
Thank you!
Money is made by sitting, not trading
  • #7,999
  • Oct 7, 2021 7:11am Oct 7, 2021 7:11am
Hello.

I am testing FTMO now for some time and noticed that some trades are not shown for the correct times based on my MT4 terminal but also if reviewing them through the internal FTMO statistics page. It happened to me for the 3rd time now in just 2 few weeks. For another trade even the stop loss and take profit level i placed completely failed to trigger. And no there was no spread widening, low liquidity or similar that might have effected the trade execution.

Maybe this is something only happens for a trial or challenge demo account but will be more reliable trading on a "funded account"? But i guess it will be no difference based from a technical standpoint?

I wouldn't be too happy with constantly having to review every single trade if that got executed correctly.

I executed the trade last night for 00:46:42 server time (marked by the red vertical line). So actually 2 hours later than what it is shown to me today? Why is that?

82255081
6 Oct 2021
21:46:42sell3.00GBPUSD1.358501.35…1.35…
7 Oct 2021
03:01:591.35953-7.79-7.50-267.38

At least in this instance the SL level was respected and triggered correctly.

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  • #8,000
  • Oct 8, 2021 6:12am Oct 8, 2021 6:12am
Another trade last night, executed at 00:09 server time but FTMO/MT4 showing it as 22:09.

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