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FTMO - For serious traders

  • #8,601
  • May 4, 2022 5:13pm May 4, 2022 5:13pm
I would like to ask why we pay commission for trading a demo account?
  • #8,602
  • May 4, 2022 5:38pm May 4, 2022 5:38pm
Quoting Brixton
I would like to ask why we pay commission for trading a demo account?
several reasons:
1. short answer would be the same reason we get paid REAL $$$ from that same demo account.
2.If they are copying trades, they are paying them
3.they are simulating real market conditions
  • #8,603
  • May 6, 2022 11:11am May 6, 2022 11:11am
Happy 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, the trading platform was not accessible for about 40 minutes. I apologize for the inconvenience, we’ll make sure to strengthen our datacentre backend. If any of your trades were affected, please inform us at [email protected] with the login number, ticket ID of the affected position(s) and preferably also the log file from your MT4 (MT4: File -> Open Data Folder -> logs).

That’s it for the update, let’s check your recent comments…


Quoting mayr
How 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?
Hi Mayer, it works exactly the way you just described it. With the normal risk FTMO Account, your Max Daily Loss/Max Loss is always set at 5 and 10% of your initial balance. If you merge multiple accounts together or if your balance is increased via our Scaling plan, both loss limits get appropriately adjusted as well.

Quoting Crystalferno
challenge 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}
Quoting Brixton
I would like to ask why we pay commission for trading a demo account?
Hi Crystalferno and Brixton, your points are very similar so I’ll kill two birds with one stone here. First, there are of course some costs related to the trading servers, app development etc. But primarily, the fee serves as a trader’s commitment to treat the account with the utmost care and responsibility. If FTMO Challenges were completely for free, one could hypothetically just rely on luck and keep on putting completely random trades until our Evaluation Process would be passed. Those are certainly not the traders we would want to provide with our FTMO Account. Moreover, once you make your first Profit Split withdrawal, the initial fee is completely refunded as well, and therefore at the end of the day, serious and profitable traders virtually do not pay anything.

Quoting Zlost
Hi 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?
Hello Zlost, the main advantage of the FTMO Account Swing is that it allows you to hold all your positions overnight and over the weekend, as well as to trade during all the news events. As the accounts are exposed to increased capital risk due to gaps and the volatility of news releases, the leverage is reduced to 1:30. Other than that, there are no differences.

Quoting hazelj80
I 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 over
Hi Hazelj80, I understand your request, however, as we keep on creating thousands and thousands of the Free Trial accounts, it represents a heavy load to our demo servers, which is why traders have to wait 14 days before starting a new one. That may change in the future, however, as of now, I can not guarantee anything.


Another quickie today! Thanks for your attention everyone, have a pleasant weekend!
-Vitek
  • #8,604
  • May 9, 2022 11:35am May 9, 2022 11:35am
Quoting Vitek-ftmo
Happy 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,...

Another payout! I gotta say how pleased I am with ftmo…. My payout could have been much bigger had I held some things for a day or 2 longer…. Could have been 6k + smh . But it’s ok. This is a job people not a casino. Gotta pay yourself for your hard work just as a job would. 2200 payout in less than 2 weeks. 80/20 split. Believe in yourself and stay focused on your plan. Becoming consistently profitable takes time.
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  • #8,605
  • May 9, 2022 9:56pm May 9, 2022 9:56pm
hey 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 crap traders will still fail in phase 1 or phase 2 and if you do pass 95% of them will fail after the first payout. I bet if you make this adjustment you will get a lot more interest in FTMO.

2) loosen up the rules when it comes to trading before the news/after the news/over the day. I've talked to many traders who have failed because of this small mistake on their end. at least a warning should be given.

I understand most profits for FTMO will come from traders who fail the challenges, but I have nothing wrong with that. they shouldn't be taking the challenge without being profitable, but I just wanted to share some thoughts.
  • #8,606
  • May 10, 2022 1:01pm May 10, 2022 1:01pm
Quoting AustinMB
hey 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...
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 what traders want in regards to their challenge. FTMO is quickly becoming a dinosaur by not wanting to change while other firms offer much better trading challenges, more trader friendly challenges and innovative models as well as multiple models for traders. FTMO also has the slowest scaling plan in comparison to most firms. Yes FTMO is reputable and pay on time but they are quickly growing old and becoming a dinosaur and this is well know across many trading circles. I'm in so many groups and I see so many traders recommend other firms to traders because they just simply have better programs than FTMO.
  • #8,607
  • May 10, 2022 1:10pm May 10, 2022 1:10pm
Soon to be extinct or destroyed by the competition...
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  • #8,608
  • May 10, 2022 3:26pm May 10, 2022 3:26pm
Hello guys, I am currently in the $200k challenge. Staying Positive ! Getting Closer by the day.
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Drawdown is more important than Account Size !
  • #8,609
  • May 10, 2022 6:52pm May 10, 2022 6:52pm
Quoting Mdot
{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...
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?
  • #8,610
  • May 11, 2022 10:10am May 11, 2022 10:10am
Quoting AustinMB
hey 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...
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.
  • #8,611
  • May 12, 2022 7:44am May 12, 2022 7:44am
Quoting AustinMB
{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?
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.com
  • #8,612
  • May 12, 2022 7:45am May 12, 2022 7:45am
Quoting lynnc
{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.
Yeah I'm currently funded with FTMO and I have the swing account. 1:30 leverage is MORE than enough for me. I love their swing account.
  • #8,613
  • May 12, 2022 8:44am May 12, 2022 8:44am
Quoting Mdot
{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.com
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 mt5
  • #8,614
  • May 12, 2022 8:55am May 12, 2022 8:55am
Quoting hazelj80
{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 mt5
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 wow they ae going to increase me 200% everytime I make 250%......wow, what a deal!!!!!!!
I get to fund my own account, give up 50% of my profits.......all for a nominal fee of $800, where can I get 3 of these????
  • #8,615
  • May 12, 2022 9:57am May 12, 2022 9:57am
Quoting hazelj80
{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 mt5
Indices are coming. They are currently working on it and have said so themselves in a couple of interviews.
  • #8,616
  • May 12, 2022 12:11pm May 12, 2022 12:11pm
Quoting Mdot
{quote} Indices are coming. They are currently working on it and have said so themselves in a couple of interviews.
great. i think their scale ups arent that bad. no waiting to scale up
  • #8,617
  • May 12, 2022 12:36pm May 12, 2022 12:36pm
Quoting pipmaster77
{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...
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 1:50
  • #8,618
  • May 12, 2022 1:29pm May 12, 2022 1:29pm
Quoting hazelj80
{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 1:50
He's only referring to the Instant Funding model. They have 2 other funding models as well. I prefer trading someone's else's money over my own. What people don't realize is that when you take a loss trading your money, you take 100% of the loss. I would rather lose 100% of someone else's money than 100% of my own. Any fee you pay in any funding model for any firm, once you get back that initial fee...you're trading 100% RISK FREE!!!!. So when you take a loss it's not your money, it's some one else's. That's the reason why RICH people get loans and LEVERAGE other people's money instead of their own and leverage OTHER PEOPLE MONEY to build wealth and get rich. The same exact concept should be applied to trading and these trading firms as well. It's all a matter of perspective.
  • #8,619
  • May 12, 2022 2:03pm May 12, 2022 2:03pm
Quoting hazelj80
AND they're limited leverage of 1:30 i might as well trade with a regulated broker in the US and get up to 1:50
-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.
  • #8,620
  • May 12, 2022 4:24pm May 12, 2022 4:24pm
Quoting Nsak3y
{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.
I think the FTMO agressive account is a better option here.
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