I would like to ask why we pay commission for trading a demo account?
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$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
DislikedI would like to ask why we pay commission for trading a demo account?Ignored
DislikedHow does scaling work in relation with DD? If I have a 200k (normal) account I have 10k daily / 20k total DD limit (5%/10%). I can merge accounts up to 400k. Question 1:/ If I merge up to 400k would that give me a 20k daily / 40k total DD limit? Question 2:/ Once I have 400k and I achieve 10% net profit in the next four months then my account would be scaled up 25% to 500k. Would the new 500k account have 25k daily / 50k total DD limits?Ignored
Dislikedchallenge is acceptable, no one will give any body access to their money for the nice look, but why does one has to pay for it, it's like I could never understood people that pay to shop, where it really should go other way around. Looks like milking money to me from naive people. {image}Ignored
DislikedI would like to ask why we pay commission for trading a demo account?Ignored
DislikedHi What is the difference between a regular account and a swing account? 1. leverage 2. spread? why choose swing? and is it possible to extend the demo account?Ignored
DislikedI want to make a suggestion for free trials. if you fail that it should start over immediately you shouldn't have to wait the 15 days. you know you failed just get a new trial account and start overIgnored
DislikedHappy first Friday of the month traders, The NFP was not as wild this time, so I believe no accounts got blown today. Welcome to our new Friday recap traders, let’s get right into it. Due to the Buddha’s Birthday Holiday, HK50.cash will close early at 10:00 pm on Friday, 6 May 2022, will be closed on Monday, 9 May 2022 and will reopen on Tuesday, 10 May 2022 at 4:15 am. All times are expressed in the MetaTrader server time (GMT+3/CEST+1). On Tuesday, we, unfortunately, experienced a server outage on MT4. Some servers were recovered sooner, but generally,...Ignored
Dislikedhey FTMO, what I think you guys are doing is great and all, but I personally tell my guys to get funded with other firms first before going to FTMO. Things I would recommend doing. 1) give the option to extend the phase1 challenge by 30days for traders who are at least 60-70% of the way there when it comes to profit. we can all agree 10% is a hard thing to do but because of these rules. this forces traders to srew around and make bad decisions when put on a timeline like this. I know many traders who have joined other firms because of this. the...Ignored
Disliked{quote} I like the ideas you're proposing but I seriously doubt FTMO will make any of those changes. They make their money from the challenge fees and although they say they want to find good traders, their business is built around collecting those challenge fees. Its sad to see this because there are so many prop firms that have purposely designed their programs to be better than FTMO and steal away some of FTMO clients and offer much better challenge conditions then what FTMO does. What's even sadder is that is seems FTMO doesn't care what about...Ignored
Dislikedhey FTMO, what I think you guys are doing is great and all, but I personally tell my guys to get funded with other firms first before going to FTMO. Things I would recommend doing. 1) give the option to extend the phase1 challenge by 30days for traders who are at least 60-70% of the way there when it comes to profit. we can all agree 10% is a hard thing to do but because of these rules. this forces traders to srew around and make bad decisions when put on a timeline like this. I know many traders who have joined other firms because of this. the...Ignored
Disliked{quote} nice comment. yeah, I'm sure around 75% of the revenue is generated from the failed challenges, which I have no problem with. I agree, that there are some things they can do the actually help out the trader, but it's their call. Totally understandable. Any other prop firms you would like to name drop here so other traders can have other options?Ignored
Disliked{quote}They have got the option now for extending the trial by 2 weeks if you have reached 50% of the target without breaking any of the other rules. https://ftmo.com/en/faq/if-i-breach-...second-chance/ Also, you can trade in and around news and at weekends if you have the swing account with a leverage of 1:30, which I think is fair enough.Ignored
Disliked{quote} The 5ers. I think they are the #1 and best online prop firm IMO. They have three different funding models to choose from, they have the overall best technology (dashboards, account creation automation, pay outs, etc, etc), Profit split is between 50% - 100% based on which model you choose and you can withdraw your profits when want, no need to wait weeks or a month to do so and you can scale up pretty fast. There's so much more I could say but check them out. www.the5ers.comIgnored
Disliked{quote} Only thing i don't like is that they don't offer indices (which are way more volatile than forex pairs hands down) and they only offer mt5Ignored
Disliked{quote} Only thing i don't like is that they don't offer indices (which are way more volatile than forex pairs hands down) and they only offer mt5Ignored
Disliked{quote} Indices are coming. They are currently working on it and have said so themselves in a couple of interviews.Ignored
Disliked{quote} and.......you make way more money putting their "fee" in a personal account. Once again, the allowable loss is the ONLY figure that matters. The equity, time to target, scaling are all marketing gimmicks. It is really simple math, your risk per trade MUST be based on what you are allowed to lose. If that figure is smaller than the fee you pay, well, doesn't take rocket science to figure it out. Then they scale you 2X every time you make 10%. That's the bigger scam than the fee being higher than the DD. 10% with 4% DD is actually 250%.....so...Ignored
Disliked{quote} Yeah i knew the math on it as well. just don't like they don't have as much to offer and the math don't add up AND they're limited leverage of 1:30 i might as well trade with a regulated broker in the US and get up to 1:50Ignored
DislikedAND they're limited leverage of 1:30 i might as well trade with a regulated broker in the US and get up to 1:50Ignored
Disliked{quote}-1:30 is plenty, especially since you are trading someone else's money. If you are wanting an account for fun (high risk/reward), then the freestyle program is not the one for that in my opinion. Not dogging it or the idea, though. I think that having a 'fun' account (in addition to your stable accounts) is the way to go, personally.Ignored