FTMO.com - Funding for serious traders

Quoting PaulMF

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Tesmy, This was amazing: FTMO - For serious traders | Page 7 | Forex Factory Thanks for that!

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Quoting JotaP

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{quote} FTMO and other firms have T&C full of abusive clauses. No company in the European Union should be allowed to function like this. This simply is not acceptable at all! I also remember that episode with Victore, they initially tried to expurgate him, then when they saw universal public rejection they retracted. Have shame FTMO!

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Quoting PaulMF

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Tesmy! It seems like people who accept to pay for fake trading, impolitely decide whether one should pay or not for an indicator. FTMO relatives...

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Quoting Tesmy

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{quote} @Husky77: Thank you for this , that is exactly what I found among my initial research. No accounts, no real history or proof they have successfully traded or even have funds to trade themselves or give to others. If you look at the screen shot (image Capture12a) from below site, you will see the background of these so called "successful" traders. https://www.startupvsem.cz/ziskejucet-cz.html As everyone can see, at the absolute most, one of the founder claims to have, "...two years work experience at a brokers..." Seems that between...

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Quoting PaulMF

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They don't even understand the basics: {image} For those who need a correct definition of hedging, you may read the next article: Forex Hedge

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Quoting PaulMF

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They don't even understand the basics: {image} For those who need a correct definition of hedging, you may read the next article: Forex Hedge

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Quote

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Your success rate was 91.31%. This win rate was accompanied by a negative RRR (Risk Reward Ratio) with the value 0.54. With a negative RRR it is relatively difficult to succeed in trading and in the Free Trial. A negative RRR means that you are closing lower profits over the losses. Consequently, there might be a pressure for a higher success rate which is not always sustainable in a long run. However, this is not relevant to all trading systems.

Quoting Ross88

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{quote} Take me off ignore we can become buddies and then you can see my trade explorer deal or deal yes or yes???

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Quoting JotaP

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{quote} {quote} I never understood the reason they call RRR less than 1 a negative RRR. And, of course, their conclusions are not helpful for traders, are misleading, it is much more difficult to reach profit target objectives within a 1 month time frame, using RRR over 1.

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Quoting Tesmy

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{quote} @TraderOtakar Thank you for replying. Lets start: 1 - We are still waiting for a first backed trader in the FTMO Really, then why does your web site show plenty of backed traders, together with testimonials and FAKE pictures? You have not answered this. The fake pictures suggest you have something to hide. You are suggesting all these people are real. That is deception. 2 - Ok, l will first comment pictures (Capture12a) you found about us. This page startupvsem.cz is a start-up center, where we won in 2016 a first prize with this project....

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Quoting PaulMF

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{quote} They also provide a picture of a psychologist who was very busy with "FTMO Traders". {image}

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Quoting PaulMF

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There is only room for one idiot. Let's suppose that someone approaches you and tells you that she has $200,000. She asks you to manage her capital and she will return you 90% of the profit generated. So, if you are capable of making 30% a year, she will receive $6,000. She only gets 3% of her capital, even less if you profit less. Why would she do that? There are better investment alternatives. Any smart person would think: she is a scammer or an idiot. Then, you decide to read her Terms and Conditions, and find that she is not an idiot. She is...

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Quoting JotaP

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{quote} Something in common in all of these firms is the discretionary nature of their T&C. They don't have to prove anything to you, they will unload you whenever they want, without any requirement for evidence. We are seeing signs of that everyday here in FF, even with the most established firms, like FTMO. We all know that this is a game, new enrollments pay for the expenses and prizes for the winners. Nothing wrong here. But rules should be clear and are not. When competition between them becomes fierce, as is becoming now, the game may turn...

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Quoting JotaP

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Unfortunately, FTMO is under an avalanche of accusations in TrustPilot for hangs and data freezing with the purpose of breaking funded traders accounts. Although I am not an FTMO trader (I had plans to run a Challenge, anyway) this makes me sad and hope these guys wake up and concentrate on what is important, stop showcasing silly Paintball events and pushing sexy psychology advisers to the traders as a way to help them improve trading. LOL. Please find a way to generate income from funded traders competences and turn the business sustainable -...

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