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FTMO - For serious traders

  • #8,541
  • Mar 18, 2022 3:21pm Mar 18, 2022 3:21pm
Quoting Vitek-ftmo
It seems that all the questions were responded in my previous post
-Not all, but that's okay.
  • #8,542
  • Mar 18, 2022 9:24pm Mar 18, 2022 9:24pm
Apology if it's not the right post here.
I have created a thread only for FundedNext prop firm.
There are some benefits on this over other prop firms:
1. 15% payout of phase 1 and Phase 2 profit target along with fees refunded,
2. Low price like MFF,
3. Daily DD not based on floating equity like MFF which is a real problem. It's more like FTMO daily DD,
4. Live fund when funded,
5. 80 to 90% payout Bi-weekly for Evaluation account,
6. Dedicated account manager,
7. Very fast customer service. MFF sucks here,
8. More methods to get paid,
9. Big star universal Boss Chris Gayle is promoting this prop firm,
10. Big office and large team,
11. Spread is better than MFF.
Anyone interested please subscribe my thread:
https://www.forexfactory.com/thread/...next-prop-firm?
  • #8,543
  • Mar 19, 2022 7:59am Mar 19, 2022 7:59am
Quoting RubelByrne
Apology if it's not the right post here. I have created a thread only for FundedNext prop firm. There are some benefits on this over other prop firms: 1. 15% payout of phase 1 and Phase 2 profit target along with fees refunded, 2. Low price like MFF, 3. Daily DD not based on floating equity like MFF which is a real problem. It's more like FTMO daily DD, 4. Live fund when funded, 5. 80 to 90% payout Bi-weekly for Evaluation account, 6. Dedicated account manager, 7. Very fast customer service. MFF sucks here, 8. More methods to get paid, 9. Big star...
If you offered decent leverage at least 100:1 people might be interested
  • #8,544
  • Mar 19, 2022 8:05am Mar 19, 2022 8:05am
Quoting Bizziebee
{quote} If you offered decent leverage at least 100:1 people might be interested
It does have 1:100 leverage.
  • #8,545
  • Mar 19, 2022 12:18pm Mar 19, 2022 12:18pm
Hello FTMO,

For Live trading which Forex Brokers will be available for our trade?
Thanks,
Salim
  • #8,546
  • Mar 20, 2022 7:09am Mar 20, 2022 7:09am
hello FTMO,

do you offer unlimited free retakes for phase 1 & 2 if you finish in profit but not enough to meet the profit target (& have not violated the other rules)?
  • #8,547
  • Mar 24, 2022 3:06pm Mar 24, 2022 3:06pm
Any traders interested to see new offer from 5%ers ? they are stepping up the competition in the funding business bringing a hopeful new funding model

Inserted Video
  • #8,548
  • Mar 25, 2022 8:37am Mar 25, 2022 8:37am
Questions for FTMO...

1. Why was the amount a trader was able to scale up to changed from unlimited to a $2 million cap?

2. Why does FTMO refuse to come out with a direct funding model and only offer a challenge model?

3. Why is FTMO refusing to make changes when other firms are coming out with various models for traders and being very innovative? FTMO is becoming like an old stubborn grandpop that doesn't want to change with the times and is in danger of becoming a dinosaur while other firms are introducing new models and coming out with conditions that are much better than FTMO. Does FTMO want to become a dinosaur because that's where its heading by being stubborn.
  • #8,549
  • Mar 25, 2022 8:43am Mar 25, 2022 8:43am
Quoting Mdot
Questions for FTMO... 1. Why was the amount a trader was able to scale up to changed from unlimited to a $2 million cap? 2. Why does FTMO refuse to come out with a direct funding model and only offer a challenge model? 3. Why is FTMO refusing to make changes when other firms are coming out with various models for traders and being very innovative? FTMO is becoming like an old stubborn grandpop that doesn't want to change with the times and is in danger of becoming a dinosaur while other firms are introducing new models and coming out with conditions...
I can comment on #2........direct funding models SUCK and are of no benefit to the trader. Each and every one has you pay a higher fee than the allowable DD. Someone summed it up perfectly the other day....

Direct funding.....the privilege of funding your own account for a small fee.
  • #8,550
  • Mar 25, 2022 8:54am Mar 25, 2022 8:54am
Quoting pipmaster77
{quote} I can comment on #2........direct funding models SUCK and are of no benefit to the trader. Each and every one has you pay a higher fee than the allowable DD. Someone summed it up perfectly the other day.... Direct funding.....the privilege of funding your own account for a small fee.
  • #8,551
  • Mar 25, 2022 8:57am Mar 25, 2022 8:57am
Quoting mattmcreadie
Any traders interested to see new offer from 5%ers ? they are stepping up the competition in the funding business bringing a hopeful new funding model https://www.youtube.com/watch?v=xu9Z6j7BGZM
I already signed up for this program and love it. The 5ers is the #1 online prop firm!
  • #8,552
  • Mar 25, 2022 9:55am Mar 25, 2022 9:55am
Quoting Mdot
{quote} I already signed up for this program and love it. The 5ers is the #1 online prop firm!
Yeah, OK. You obviously weren't a math major. Their direct funding model has you pay a higher fee than allowable DD. You then have to earn 7% with 4% DD (175%). If that is not enough, you need to generate 10% with 4% DD to double account, so make 250% and they scale you 200%
Here is the kicker.......you get all of these benefits for the mere cost of GIVING UP 50% of your profits.
Now MFF/FTMO model. Instead of paying $875 for $800 DD, you pay $499 for 12K DD or $979 for 24K DD. You need to make 8% with 12% DD (67%) and then 5% with 12% DD (41%). Fee is then refunded and you now have 12K or 24K allowable loss. To get to 24K allowable loss with 5%ers, you need to scale to the 600K level, which means after you do the 175% to pass, you then need to do 250% 3 times. I've posted it before, but I'll let you plug the numbers...take that $875 fee, earn 175% once and then 250% 3 times, instead of 24K allowable loss, you will have over 100K in a personal account. Unfortunately, you won't be paying them 50% though lol.
So let me rephrase for you the 5%ers is the WORST online pop firm and offers absolutely zero benefit to the trader. You actually lose a ton of money using them vs. your personal account.
  • #8,553
  • Mar 25, 2022 11:09am Mar 25, 2022 11:09am
Quoting pipmaster77
{quote} Yeah, OK. You obviously weren't a math major. Their direct funding model has you pay a higher fee than allowable DD. You then have to earn 7% with 4% DD (175%). If that is not enough, you need to generate 10% with 4% DD to double account, so make 250% and they scale you 200% Here is the kicker.......you get all of these benefits for the mere cost of GIVING UP 50% of your profits. Now MFF/FTMO model. Instead of paying $875 for $800 DD, you pay $499 for 12K DD or $979 for 24K DD. You need to make 8% with 12% DD (67%) and then 5% with 12% DD...
Go suck a lemon. Your responding to something I said about their Freestyle model and the math you are giving is based on their direct funding model. You really don't know what your talking about and your basing your opinion on one thing when I am basing mine on multiple things the 5ers offer which I have not disclosed. Go get a real life. I'll say it again, the The 5ers is the best online prop firm and are #1. Also, I will not be responding to you again so you can argue and go back and forth with yourself. I have much better use of time then going back and forth with someone on the Internet.


THE 5ERS IS THE BEST ONLINE PROP FIRM!

FYI, I am currently trading a $400k account with FTMO and will be getting scaled up to $500k! Live & Prosper!
  • #8,554
  • Mar 25, 2022 1:09pm Mar 25, 2022 1:09pm
Good Friday afternoon traders,
I hope you’re all doing well, new FTMO update is on the way.

Kicking off with platform updates as usual, more specifically with a Daylight Saving Time reminder: On Sunday, 13 Mar 2022, the platform time on MT4/5 shifted from the current GMT+2 to GMT+3. However, it will not be until Sunday, 27 Mar 2022 that the switch from the actual CET (GMT+1) to CEST (Central European Summer Time), GMT+2, will become effective in Europe. Kindly manage your trades according to the fact that your Max Daily Loss resets at midnight CE(S)T. The symbols specification and trading hours table below will be expressed in GMT+3 as the new platform time. Please note that European Equities’ trading hours were shifted 1h ahead according to the new GMT+3 notation until March 27.

A new crypto provider is available! With the continuously increasing popularity of cryptocurrencies (both for paying the initial fee & withdrawals), we have added another provider to ensure the robustness of our infrastructure. Confirmo currently supports Bitcoin and Litecoin only, however, the number of available currencies should be extended in the future.

That’s all for the updates for today, now moving on to your recent posts and questions…


Quoting RubelByrne
Apology if it's not the right post here. I have created a thread only for FundedNext prop firm. There are some benefits on this over other prop firms: 1. 15% payout of phase 1 and Phase 2 profit target along with fees refunded, 2. Low price like MFF, 3. Daily DD not based on floating equity like MFF which is a real problem. It's more like FTMO daily DD, 4. Live fund when funded, 5. 80 to 90% payout Bi-weekly for Evaluation account, 6. Dedicated account manager, 7. Very fast customer service. MFF sucks here, 8. More methods to get paid, 9. Big star...
Hi RubelByrne, please note that although we’re relatively benevolent when it comes to mentioning and comparing other companies, a direct promotion is not allowed in our thread and is in direct conflict with the ForexFactory Code of Conduct.

Quoting salimc
Hello FTMO, For Live trading which Forex Brokers will be available for our trade? Thanks, Salim
Hi Salimc, we are no longer cooperating with any third-party brokers as the solution was simply not as efficient as we hoped it would be. Now we have partnered with multiple institutional liquidity providers to offer the best trading conditions and spreads to all our traders to best simulate the real market conditions. Our trading conditions are exactly the same for the Free Trial as for our other accounts, so if you would like to test our symbols or spreads, feel free to take a Free Trial.

Quoting Sc11
hello FTMO, do you offer unlimited free retakes for phase 1 & 2 if you finish in profit but not enough to meet the profit target (& have not violated the other rules)?
Hi Sc11, yes, you’re absolutely right. As long as you finish in profit while meeting the other Trading Objectives as well, you will always receive a new FTMO Challenge for free.
Also, just recently we came up with the 14-day extension. If you do not exceed the loss limits and you have more than 5% profit (balance & equity) on your FTMO Challenge 3 days before the trading period ends, we will offer you to extend your FTMO Challenge by another 14 calendar days. More on both here.

Quoting Mdot
Questions for FTMO... 1. Why was the amount a trader was able to scale up to changed from unlimited to a $2 million cap? 2. Why does FTMO refuse to come out with a direct funding model and only offer a challenge model? 3. Why is FTMO refusing to make changes when other firms are coming out with various models for traders and being very innovative? FTMO is becoming like an old stubborn grandpop that doesn't want to change with the times and is in danger of becoming a dinosaur while other firms are introducing new models and coming out with conditions...
Hello Mdot,
1. We initially did not set any cap as very few traders would get that far. However, with more traders using our Scaling plan, we felt that we need to be more specific about all the aspects of the plan. Long story short, purely business decision.
The two remaining points go sort of together, so I’ll answer them simultaneously. We are, of course, looking for new ways to extend our business, however, we are convinced that our current Evaluation Process (which has been pretty much the same from the start) is the most efficient and trader-friendly way to test their abilities while providing them with fair conditions. Although it naturally sounds tempting for the trader to have instant access to a “funded” account, we simply can not entrust an FTMO Account to just anyone who pays the initial fee. In such case, we’d be either risking an excessive exposure to our own accounts, or the loss limits would have to be set extremely tight, or the actual account size would not be sufficient at all. From the start, our programme is based on simple rules and we intend to keep it that way. And at the same time, the development of our products & services is, of course, still ongoing.


There we go, another quickie for this week. I'll hopefully have more to disclose in the following updates, but until then, take care and enjoy the weekend everyone!
-Vitek
  • #8,555
  • Mar 25, 2022 3:15pm Mar 25, 2022 3:15pm
Quoting Mdot
{quote} Go suck a lemon. Your responding to something I said about their Freestyle model and the math you are giving is based on their direct funding model. You really don't know what your talking about and your basing your opinion on one thing when I am basing mine on multiple things the 5ers offer which I have not disclosed. Go get a real life. I'll say it again, the The 5ers is the best online prop firm and are #1. Also, I will not be responding to you again so you can argue and go back and forth with yourself. I have much better use of time...
No, I was responding to "The 5%ers is the #1 Online Prop Firm". Are you basing that opinion on the new program that has been in existence for 4 days? As far as their other programs, it is not my opinion, as there is no opinion in MATH, it is black and white. Even the new program , pay 550 GBP , approx $750 USD for a 50K account with 10% DD. So, 5K in DD, for a bit more, I get 24K in DD with MFF and 20K in DD with FTMO. No need to respond back as it is as black and white as can be, there really is nothing to respond back with. Money spent with the 5%ers is much better spent elsewhere.
  • #8,556
  • Mar 26, 2022 5:07am Mar 26, 2022 5:07am
Quoting Vitek-ftmo
Good Friday afternoon traders, I hope you’re all doing well, new FTMO update is on the way. Vitek
Hello! my name is Ilya. I live in Russia and am a citizen of the Russian Federation. Please tell me if I can pass the FTMO challenge? How can I pay for it? In case of successful completion of the challenge and further trading, will you withdraw profit to me? If so, in what way!?
  • #8,557
  • Edited 9:12am Mar 26, 2022 9:01am | Edited 9:12am
I have a request. I would like to see max funded account size higher than the actual $400k, because competitors like Myforexfunds are offering $600k and many other props also offer at least $500k. (I do not consider any scaling plan in addition the max funded account here because most prop firms offer this too.) As time goes by and with the higher inflation recently you should adapt the max account size to at least $600k or better $800k to be among the number 1 among all prop firms again. Could you please consider this and make this as topic in your round ? Thank you FTMO.
  • #8,558
  • Mar 30, 2022 12:52am Mar 30, 2022 12:52am
Good Afternoon,
I have developed an EA that can trade prop firm with tight spreads like FTMO and make consistent profit, the EA cannot be backtested so i only have FTMO foward test results, i need a partner who will let me use the EA to trade his funded account (100k to 200k) in return we split the payout generated by the EA 50/50, the reason i need a partner is because ive used all of my funds to developing the EA (about £2000+), check me via email if interested [email protected]
  • #8,559
  • Edited 9:28am Mar 30, 2022 7:23am | Edited 9:28am
Quoting Profitsensei
Good Afternoon, I have developed an EA that can trade prop firm with tight spreads like FTMO and make consistent profit, the EA cannot be backtested so i only have FTMO foward test results, i need a partner who will let me use the EA to trade his funded account (100k to 200k) in return we split the payout generated by the EA 50/50, the reason i need a partner is because ive used all of my funds to developing the EA (about £2000+), check me via email if interested [email protected]
What a great risk free way for you to try out your EA. Alternatively, you can simply buy the least expensive challenge and try yourself. This way, neither you nor anyone else is giving up 50%. Personally, I wouldn't risk my live account, which is a time consuming, grueling process to achieve, on a strangers unproven EA. But, hey, that's just me.
  • #8,560
  • Mar 30, 2022 9:16am Mar 30, 2022 9:16am
Quoting Profitsensei
Good Afternoon, I have developed an EA that can trade prop firm with tight spreads like FTMO and make consistent profit, the EA cannot be backtested so i only have FTMO foward test results, i need a partner who will let me use the EA to trade his funded account (100k to 200k) in return we split the payout generated by the EA 50/50, the reason i need a partner is because ive used all of my funds to developing the EA (about £2000+), check me via email if interested [email protected]
Frauds and scammers are not encouraged to post here ;

Please answer how you could provide a consistent profit service if you have no historical results ?
In addition what makes you think that we are stupid enough to share a paid account with you, how do we you are not working from a slum village tin shack in ghana?
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