Disliked{quote} and the only real competitor is MFF. I don't take any firm other than FTMO or MFF seriously at all at this point.Ignored
Also, with the 5ers you can withdraw profits whenever you want...
$1,000,000.00 and Beyond ft. FTMO 29 replies
AkaMRP FTMO Journey 45 replies
FTMO Challenge.... How to beat....? 28 replies
FTMO Challenge; Could Survived? 41 replies
FTMO Challenge & Max Drawdown Issue 5 replies
Disliked{quote} and the only real competitor is MFF. I don't take any firm other than FTMO or MFF seriously at all at this point.Ignored
Dislikedpurely because they are comparing them with the prices charged for similar packages from other prop firmsIgnored
Disliked{quote} Take a look at the 5ers as well. They have a direct funding model with NO challenge and they are releasing a 100k bootcamp where you can earn a 100k funded account for only 300 euros. The kicker is you only pay 50 euros upfront and the rest you pay ONLY when you pass. You can also have 3 accounts with them. When you take in to account everything, technology, customer support, funding models, payouts, reputation and more, The 5ers is #1 in my opinion. Also, with the 5ers you can withdraw profits whenever you want...Ignored
Disliked{quote} Thanks, yes, I am aware and scrutinize pretty much every offer out there. Been trading with props for 18+ months now. Here is a recent post comparing FTMO, MFF and the 5%ers Just ran the numbers for MFF and FTMO vs the 5%ers. This is taking your initial fee and assuming rate of return against allowable DD ONLY in each program, not the "balance" provided. MFF $979 fee for 24K in DD, need 16K profit stage 1 and 10K profit stage 2, $979 in personal account would yield $2310 at end of those 2 stages So with MFF, you will have 24K allowable loss...Ignored
Quoting PaulMFDislikedBBC documentary that talks about FTMOIgnored
Disliked{quote}-Yeah, regarding 5ers bootcamp, I do not see the benefit at all. Seems like they are trying to target low-income traders, which is fine, but it is just not for me. A point to mention, is that they offer unlimited, any-time withdrawals where they charge you either $15 or 3% "handling fee" after your first withdrawal within each month. A questionable point about this, other than the fee itself, is that they do not include this information at the top of the FAQ page, where you would expect it to be, under 'How do traders request profit payouts?',...Ignored
DislikedI think that it is almost an abuse for a trader to have a challerger account at 7 or 8% in profit without committing infractions or violations of the rules and not reaching 10% due to lack of time, this is unacceptable, this shows that FTMO is more interested than you one fails in the attempt, the trader who makes 7 or 8% is a forex professional that simple, those are your rules and your company, but I hope that you change the conditions about the time or percentage or that another company makes changes to good of the tradersIgnored
DislikedI think that it is almost an abuse for a trader to have a challerger account at 7 or 8% in profit without committing infractions or violations of the rules and not reaching 10% due to lack of time, this is unacceptable, this shows that FTMO is more interested than you one fails in the attempt, the trader who makes 7 or 8% is a forex professional that simple, those are your rules and your company, but I hope that you change the conditions about the time or percentage or that another company makes changes to good of the tradersIgnored
DislikedHello, again. Thank you for taking the time to respond to my suggestions. Regarding the daily loss limit, I understand your reasoning and respect your decision to stick to that. I do know that not every firm will share the same risk appetite, and that is completely reasonable. Regarding scaling, I am fully aware of your scaling plan, but was simply asking if you would ever consider a more aggressive plan. I do believe that the added risk can be fully-mitigated if such a program were structured correctly. As such, I do hope that you will reconsider...Ignored
DislikedHi Vitek, first thing first I would like to thank you for your presence and your prompt responses here. I am wondering why FTMO doesn't align the reset time of Max Daily Loss to the mt4 server time. At now, traders are penalized because the increases in spreads that regularly occurs gradually starting from 22:55 CET (23:55 mt4 server time for FTMO accounts) and the reset of max daily loss occurs at 00:00 CET and not at 00:00 mt4 server time......this means that any time that a trader go overnight and he has a negative open p&l he could lose the...Ignored
DislikedAlthough this is not an issue for me, I never understood the need to impose a time-limit on challenges, especially since there are no monthly profit targets, and in some cases, no minimum trading days for funded accounts. I do see many traders complaining about this issue, though, so maybe this is something that FTMO can consider changing.Ignored
DislikedThe time limit obviously creates more failures, not only due to the time but also the pressure, so one may be inclined to take trades they otherwise wouldn't or trade larger sizes than they otherwise would.Ignored
Dislikedyou will never find a challenge model with no time limit to pass nor will you ever find a direct funding company with no time limit charging less than the DD they allow.Ignored
Quoting Vitek-ftmo;DislikedWe do not consider increasing the initial balance of traders who do make higher profits at the cost of a bigger risk as responsible.Ignored