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FTMO - For serious traders

  • #8,421
  • Jan 21, 2022 3:36am Jan 21, 2022 3:36am
Quoting Mdot
@Vitek-FTMO Here are some changes I would love to see FTMO implement. Please let me know your thoughts for each one! 1. Lower fees for all challenges 2. Create a direct funding model for traders that don't want to do challenges 3. Allow weekly withdrawal of profits from funded account(s) 4. Shorten the capital raises time frame from 4 months to 3 months 5. Reduce the profit target for the challenge phase and verification phase to 8% and 4% respectively 6. If a trader doesn't pass the verification phase but is in profit, allow the trader to start...
I know you asked Vitek but I thought Id chime in also ...
1. They of course run a business and to be honest the fees seem alright to me.
2. This would be interesting ...
3. doesnt really matter to me but sure
4. can see this would be good
5. again probably has to do with a profit model ...
6. I agree with this bit frustrating to pass the one and stall with the other but ...
7. You mean pay the balance if you get 'over drawn' or something?
8. not for me
9. up to them
10. some people have lots of money and confidence
12. Agree I seem to either finish my challenge or Verification in 1 week or I dont (ie 5 days). I find it tedious to put in little trades once a challenge is complete, not sure what the benefit of this is perhaps to stop people from doing big trades to pass or something...
  • #8,422
  • Jan 21, 2022 1:12pm Jan 21, 2022 1:12pm
Hi Traders,
another Friday, another regular FTMO ForexFactory update and this time with some truly important news. I hope you all had a fine week, let’s tune in to platform updates first.

A new symbol is being added into the FTMO platforms! US2000.cash (US small-cap index CFD), is currently present in Free Trials accounts on MT4 and MT5. The instrument will be included in the FTMO Challenges, Verifications, and FTMO Accounts after the testing period (approx 2 weeks).

Another news for weekend crypto traders: on Saturday, 22 January 2022, trading will be halted for the whole day, namely from 00:05 am to 11:55 pm platform time on MetaTrader (GMT+2 / CET+1 on cTrader). Therefore, kindly manage your trades accordingly.

Finally, on Tuesday, 25 January 2022, due to the Australian Day holiday, AUS200.cash will close early at 11:00 pm platform time (GMT+2/CET+1).


14 days extension to FTMO Challenges

From now on, you can get a free extension of 14 calendar days for your FTMO Challenge. If you have more than 5% profit (balance & equity) on your FTMO Challenge (Normal Risk mode) 3 days before the trading period ends, you will be offered to have your account extended by 14 calendar days so you can have enough time to meet the Profit Target. The extension needs to be initiated on the 28th or the 29th calendar day of your trading period as it will no longer be available on the end date of the duration.
We realize that not being able to make 10% in a month does not necessarily mean you could not be a long-term profitable trader and hence we give you this opportunity in the hope of seeing more passed FTMO Challenges.
More details available here and in our FAQs here.

That's it for the updates, let's not together go through your recent posts:


Quoting Liza J
If I chose a Swing account type on FTMO.... can I hold position overnight and weekends? And trade on this account targeting 10 to 20 pips only? Because sometimes... I close position early if the trade is no longer favorable... thanks in advance for anyone who reply to my question.
Hi Liza J, yes. The Swing account type allows you to trade all news and hold all your positions overnight/over the weekend. However, others have a good point that if you’re aiming for 10-20 pips with each position, holding the position over multiple days is probably not going to be necessary.
Quoting djxput
{quote} Thank you much for your detailed answer Vitek, all my questions answered.
Hi Djxput, my pleasure, all you need is ask!

Quoting Premistis
I have a question, is slippage on MT5 and MT4 the same? I just received my funded account and noticed some very high slippage values sometimes up to 5 pips, this is crazy I never got that much on other prop firms or even on live account with very high balance.
Hello Premistis, neither platform is more likely to catch slippages, especially with the liquidity providers and the server being the same.
Nevertheless, I’m sorry that some of your positions were affected. In the vast majority of cases, the slippage is inevitable (especially with more volatile instruments), however, we can re-check the position at [email protected] as well.

Quoting Mdot
@Vitek-FTMO Here are some changes I would love to see FTMO implement. Please let me know your thoughts for each one! 1. Lower fees for all challenges 2. Create a direct funding model for traders that don't want to do challenges 3. Allow weekly withdrawal of profits from funded account(s) 4. Shorten the capital raises time frame from 4 months to 3 months 5. Reduce the profit target for the challenge phase and verification phase to 8% and 4% respectively 6. If a trader doesn't pass the verification phase but is in profit, allow the trader to start...
Hello Mdot, thank you for your insights and let me respond straight away.
It goes without saying that I can not promise or deny the future development of our company, some of the recommendations are related purely to the business setting of our company without any connection to the trading itself, so my comments to those may not be that informative.

  1. This is one of the mentioned business-related suggestions. Although it is of course possible to somehow manipulate the size of the initial fee, we have kept the same prices from the beginning and seeing any change there in the near future is not very likely.
  2. Receiving a trading account connected to our live account without any Evaluation Phase would go directly against our philosophy of searching for experienced and successful traders and would portray a huge risk exposure against our company. I do not want to disappoint you, however introducing such an account type can not be expected.
  3. Withdrawal cycles are something that we have worked on a lot (payouts on demand), but of course, further improvements are still possible.
  4. Our Scaling Plan is another feature that has been recently re-worked, and just as the withdrawals, slight changes/improvements are possible here as well.
  5. A very similar topic as the question n. 1. Adjusting the size of the initial fee or our Trading Objectives would be a major change to our business and I can neither confirm nor deny this possibility.
  6. Our Evaluation Process is a single process of becoming an FTMO Trader, even though it is technically divided into two steps. The idea behind the free repeat is that the trader has a chance to start again if things do not go really well. Creating some sort of checkpoints from which the trader can start again is not something that would be currently desirable.
  7. The trades from FTMO Accounts are being copied at our own discretion using aggregated orders thanks to our proprietary risk management algorithm. Therefore, if the trader e.g. exceeds the Max Loss limit, it is negatively reflected on our side. One of the key points of our approach is that there is only one initial refundable fee - we have never intended to charge any additional, monthly, or extra fees. The basic principle is very simple - if a trader violates the Trading Objectives, it represents feedback towards his strategy that we simply can not erase by accepting any extra money from our traders.
  8. Although I understand your point here, such a solution would be very complicated in regards to accounting purposes. You can also easily always require fiat money and later invest in crypto on your own.
  9. We have been increasing our account sizes and maximum capital allocations in the past. Further adjustments would be technically possible, but again, this is purely a business decision.
  10. Although our trading objectives are very firm and pretty much unchanged from the beginning, you may remember that we have completely canceled this requirement on FTMO Accounts. Although we are currently happy with the settings of our Trading Objectives, future innovations are still technically possible.

Nevertheless, thank you for your suggestions once again, such comments are an inspiration to our further development.


Thank you for your attention everyone, I hope you liked the exciting news just as I did and I wish you a peaceful weekend.
Signing out,
- Vitek

  • #8,423
  • Jan 22, 2022 1:29pm Jan 22, 2022 1:29pm
Quoting Vitek-ftmo
Hi Traders, another Friday, another regular FTMO ForexFactory update and this time with some truly important news. - Vitek

Hello Vitek, I like your company.

I have a question for you!? I asked it a few months ago, with your tech support.

But I do not see a solution yet and there is no answer in the updates on this issue.

“By law in my country, I must report to the foreign exchange control and tax office for every money transfer received from another country.

Does your company issue a contract or a certificate with a seal in my name? Which would mean that I work for your company. Freelance or other options."

This is necessary from a legal point of view, so that I do not have problems. To be able to prove that the money is legitimate. So that my money is not blocked by currency control and tax authorities. So that I can pay taxes in my country.

Is your leadership thinking about this issue? Such a certificate is issued by several other prop companies.

Good luck to you and your company. Thank you
  • #8,424
  • Jan 24, 2022 5:00pm Jan 24, 2022 5:00pm
This is my real live Forex Account yet I still failed 3 Challenge Accounts with FTMO over the same period of time in 5 months ????? Sure FTMO is legit LOL

This company is a SCAM Run
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  • #8,425
  • Jan 24, 2022 5:05pm Jan 24, 2022 5:05pm
Quoting Gobigfx
This is my real live Forex Account yet I still failed 3 Challenge Accounts with FTMO over the same period of time in 5 months ????? Sure FTMO is legit LOL This company is a SCAM Run {image}
U break their rules..probably doing mad shit that you say you would never do (but actually in reality do)...with your own account, you can do what you want.

(I basically passed the challenge....BUT marginally broke their max rules whilst in a trade that I refused to take a loser on and simply removed my SL 'knowing' that that the market would come back.....even if I got out that trade with a win (which I did), I still broke their rules....if it were my own account, no probs)
  • #8,426
  • Jan 24, 2022 6:05pm Jan 24, 2022 6:05pm
Quoting Gobigfx
This is my real live Forex Account yet I still failed 3 Challenge Accounts with FTMO over the same period of time in 5 months ????? Sure FTMO is legit LOL This company is a SCAM Run
-Looks like you lost large amounts of profit several times, even about 30K at one point. So FTMO is a scam because you were not able to adhere to the trading objectives? Yeah, that seems legit.
  • #8,427
  • Jan 24, 2022 6:09pm Jan 24, 2022 6:09pm
Quoting Gobigfx
This is my real live Forex Account yet I still failed 3 Challenge Accounts with FTMO over the same period of time in 5 months ????? Sure FTMO is legit LOL This company is a SCAM Run {image}
.....and if u are running a $250K account, profitably, why do you need a prop firm?
  • #8,428
  • Jan 24, 2022 6:38pm Jan 24, 2022 6:38pm
Quoting Gobigfx
This is my real live Forex Account yet I still failed 3 Challenge Accounts with FTMO over the same period of time in 5 months ????? Sure FTMO is legit LOL This company is a SCAM Run {image}
+14% DD speaks for itself, plus the large losses.

Rethink your strategy and MM and try again and maybe just maybe you might pass.
Truth is like poetry. And most people f*cking hate poetry.
  • #8,429
  • Jan 24, 2022 6:43pm Jan 24, 2022 6:43pm
Quoting mrdfx
{quote} +14% DD speaks for itself, plus the large losses. Rethink your strategy and MM and try again and maybe just maybe you might pass.
if that is is real account metrics and not some demo account where he takes the sort of risks that he would never be willing to take with real capital on the line....

....then how can you possibly argue against his 'strategy'?

It may not be for you, and it may not be for FTMO......but that there is a pretty solid net return.
  • #8,430
  • Edited 10:17pm Jan 25, 2022 10:07pm | Edited 10:17pm
Quoting Gobigfx
This is my real live Forex Account yet I still failed 3 Challenge Accounts with FTMO over the same period of time in 5 months ????? Sure FTMO is legit LOL This company is a SCAM Run {image}
No, they are not a scam. Other props copy them and one even failed miserably recently, whose business model was more like a scam anyway.

FTMO is as transparent as it gets. They even have articles and vids explaining how to actually pass the challenges and what to avoid in addition to various tips.

If they [like a few other prop firms] gave 2 months (or more) instead of 1 month for challenges, I am sure they would get a lot more good and genuine traders. The 10% target + 5% DD can be tough for traders who dont trade bigger lot sizes usually. [The recent 14 day free extension is a step in the right direction].

Having said that, I think you mainly lost the challenges because of your DD%. It is normal for most of us, including me, to have a floating DD of more than 5% but in all prop firms, it's a deal breaker even if you get into profit a second later. I do understand their requirement for daily and max DD.

Finally.....Prop firms are ideal for traders who can trade with very low DD or almost none. Also, ideal for swing traders who get RR of more than 1:1.
In other news: A ranger was trapped between a bull and a bear
  • #8,431
  • Jan 26, 2022 8:22am Jan 26, 2022 8:22am
You guys are all a bunch of shills or just plain SUCKERS.

My results are based on 35 years trading experience and IF you think you can make 10% in a month on forex assets that average 1% moves in a month without taking risks???

You are all dumb as doorknobs.

Its a SCAM because its impossible to have low draw downs and high returns on assets that barely move!!!

But hey you keep believing in Fairy Tales and Unicorns.
  • #8,432
  • Jan 26, 2022 8:51am Jan 26, 2022 8:51am
Quoting Gobigfx
You guys are all a bunch of shills or just plain SUCKERS.
-Calling a firm a scam because their trading objectives are too difficult for you is nonsensical.

Quoting Gobigfx
My results are based on 35 years trading experience and IF you think you can make 10% in a month on forex assets that average 1% moves in a month without taking risks???
-Nobody claimed that there was no risk involved. But once you pass the challenge, you are trading with house money and no longer have to generate crazy returns.

Quoting Gobigfx
You are all dumb as doorknobs. Its a SCAM because its impossible to have low draw downs and high returns on assets that barely move!!!
-Impossible? It is called day trading; many people have passed the challenge.
  • #8,433
  • Jan 26, 2022 9:04am Jan 26, 2022 9:04am
Quoting Gobigfx
You guys are all a bunch of shills or just plain SUCKERS. My results are based on 35 years trading experience and IF you think you can make 10% in a month on forex assets that average 1% moves in a month without taking risks??? You are all dumb as doorknobs. Its a SCAM because its impossible to have low draw downs and high returns on assets that barely move!!! But hey you keep believing in Fairy Tales and Unicorns.
averaging 25 pips per day with only 2:1 leverage will pass the challenge. I have passed several with FTMO and MFF.
  • #8,434
  • Jan 26, 2022 9:13am Jan 26, 2022 9:13am
Quoting Gobigfx
You guys are all a bunch of shills or just plain SUCKERS. My results are based on 35 years trading experience and IF you think you can make 10% in a month on forex assets that average 1% moves in a month without taking risks??? You are all dumb as doorknobs. Its a SCAM because its impossible to have low draw downs and high returns on assets that barely move!!! But hey you keep believing in Fairy Tales and Unicorns.
I just hit the FTMO 10% target within 19 days...without ever going into drawdown...

HOWEVER....I did pull a Stop Loss on a trade that was going against me, that kept pushing and pushing against me. I left that trade with a small profit, but not before it exceeded (in combination with other trades that were underwater at the time) my max daily drawdown.

Which might prove your point....but on the otherhand, had I took that loss on the chin (was only $100) then I would be passing the challenge.

It's very doable.....and when you are funded, then you can dial the risk right down.
  • #8,435
  • Jan 26, 2022 9:46am Jan 26, 2022 9:46am
Quoting MatDerKater
{quote} I just hit the FTMO 10% target within 19 days...without ever going into drawdown... HOWEVER....I did pull a Stop Loss on a trade that was going against me, that kept pushing and pushing against me. I left that trade with a small profit, but not before it exceeded (in combination with other trades that were underwater at the time) my max daily drawdown. Which might prove your point....but on the otherhand, had I took that loss on the chin (was only $100) then I would be passing the challenge. It's very doable.....and when you are funded,...
You are exactly right on all points. With the props, sometimes you have to exit a trade that you still see as a valid setup. I enter a trade with 4-6 small positions, if it goes against I get out with minimal loss. I can then add at a better price and/or add to the trade once in profit.
Key takeaway.....last statement in your post once funded, you can dial the risk right down. I think this is the big point a lot of folks cannot wrap their head around....once passed, it's all about controlling the risk....no targets, no time limits, simply don't blow the account........DO NOT BE GREEDY, 4% per month on a mil is a nice chunk of change AND it is not unrealistic at all.
  • #8,436
  • Jan 26, 2022 9:57am Jan 26, 2022 9:57am
Quoting Gobigfx
This is my real live Forex Account yet I still failed 3 Challenge Accounts with FTMO over the same period of time in 5 months ????? Sure FTMO is legit LOL This company is a SCAM Run {image}
After seeing your profit curve and knowing that you have 35 years of experience with it, I'm thinking that what the hell you are doing with ftmo.?
"Don't Predict, Do react"
  • #8,437
  • Jan 26, 2022 10:07am Jan 26, 2022 10:07am
Quoting belie
I'm thinking that what the hell you are doing with ftmo.?
-Increased profit-potential without taking on the additional risk. It can also serve as a good diversification method.
  • #8,438
  • Jan 26, 2022 10:10pm Jan 26, 2022 10:10pm
Quoting belie
{quote} After seeing your profit curve and knowing that you have 35 years of experience with it, I'm thinking that what the hell you are doing with ftmo.?
Exactly I tried it for fun just to see IF it could be done and after 3 attempts I found out the answer.


EVEN IF SOMEONE PASSES BECAUSE THEY GET LUCKY WITH TOO MUCH RISK.

MY GUESS IS THEY WILL EVENTUALLY FAIL IN THE NEXT 3 MONTHS IF THEY STAY WITH THAT RISK METRIC.
  • #8,439
  • Jan 26, 2022 10:13pm Jan 26, 2022 10:13pm
Quoting Nsak3y
{quote}-Calling a firm a scam because their trading objectives are too difficult for you is nonsensical. {quote}-Nobody claimed that there was no risk involved. But once you pass the challenge, you are trading with house money and no longer have to generate crazy returns. {quote}-Impossible? It is called day trading; many people have passed the challenge.
Any monkey can and will get lucky with too much risk for a month or two.

I would love to see how many traders actually last longer than 4 months with these rules and conditions.

My guess is that is 99% that pass wont last longer than 4 months after.
  • #8,440
  • Jan 26, 2022 10:15pm Jan 26, 2022 10:15pm
Quoting MatDerKater
{quote} I just hit the FTMO 10% target within 19 days...without ever going into drawdown... HOWEVER....I did pull a Stop Loss on a trade that was going against me, that kept pushing and pushing against me. I left that trade with a small profit, but not before it exceeded (in combination with other trades that were underwater at the time) my max daily drawdown. Which might prove your point....but on the otherhand, had I took that loss on the chin (was only $100) then I would be passing the challenge. It's very doable.....and when you are funded,...

Congrats can I make a side bet with you that you wont be trading the challenge in 4 months from today?

I hope I am wrong but I don't think more then 1% of the people that pass will be around after 4 months of passing
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