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FTMO - For serious traders

  • #8,721
  • Jun 22, 2022 1:22pm Jun 22, 2022 1:22pm
Quoting here2there
{quote} Mind your own business.
That's what I am asking you to do. I can already tell you are here to just stir shit, you have no genuine interest in trading with a prop firm. Your energy is better spent elsewhere. Why does it matter to you if I have an FTMO demo account or LIVE account?
  • #8,722
  • Jun 22, 2022 1:33pm Jun 22, 2022 1:33pm
Quoting here2there
{quote} Mind your own business.
"Mind your own business"
  • #8,723
  • Jun 22, 2022 6:34pm Jun 22, 2022 6:34pm
Quoting here2there
{quote} Mind your own business.
Well this 7200$ payout says differently my friend
. Don’t hate the player hate the game baby
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  • #8,724
  • Jun 22, 2022 6:35pm Jun 22, 2022 6:35pm
Quoting here2there
{quote} I want an official FTMO representative to answer my questions.
I’m in the us…. There’s no reason to be down playing ftmo because you can’t pass. Keep trying hard and you can get there one day.
  • #8,725
  • Jun 22, 2022 6:37pm Jun 22, 2022 6:37pm
Quoting pipmaster77
{quote} Oh don't start with this bullshit. Not needed. We've had a couple of folks already wanting to be the compliance police show up before. Just go back to trading your garbage CFTC regulated account and let the rest of us enjoy the money and freedom these prop firms provide. It's not for everyone.
Someone who understands Thankyou
  • #8,726
  • Edited 6:29pm Jun 23, 2022 4:49pm | Edited 6:29pm
Quoting Tholder676
{quote} I’m in the us…. There’s no reason to be down playing ftmo because you can’t pass. Keep trying hard and you can get there one day.
It has nothing to do with that. What I want to know is if FTMO is a pyramid scheme. If FTMO has legit investors who are putting up capital to be traded, then this is a good thing, as then it would likely not be a pyramid scheme. But if this is the case, then why does everyone who has passed the challenge trade demo accounts rather than live accounts?

On the other hand, if the funding mostly comes from failed challenge attempts, then it seems it would be necessary for most people to fail the challenge in order to keep the business afloat. Could it be that the challenge is designed to make the majority of people who take it fail in order for FTMO to obtain capital to sustain its business? If so, this model doesn't seem ethical, nor sustainable in the long term.

What happens if less and less people take the challenge over time, is there enough capital to keep giving payouts to the people who have been 'funded'? If the funding is mostly coming from failed challenge attempts, then what will happen to traders who have large accounts if there isn't enough people failing the challenge to make it possible for them to have a substantial payout?

And are these traders really 'funded' if the funds they are supposedly using for trading isn't 'actual money'? It's a demo account they are trading, not a live account.
Learn from your mistakes and march on.
  • #8,727
  • Jun 23, 2022 10:17pm Jun 23, 2022 10:17pm
Will you guys ever offer the HGK33 aka Hong Kong index? Just curious
  • #8,728
  • Jun 23, 2022 10:23pm Jun 23, 2022 10:23pm
Quoting hazelj80
Will you guys ever offer the HGK33 aka Hong Kong index? Just curious
They do it’s called hk50 not hk33
  • #8,729
  • Jun 23, 2022 10:35pm Jun 23, 2022 10:35pm
Quoting here2there
{quote} It has nothing to do with that. What I want to know is if FTMO is a pyramid scheme. If FTMO has legit investors who are putting up capital to be traded, then this is a good thing, as then it would likely not be a pyramid scheme. But if this is the case, then why does everyone who has passed the challenge trade demo accounts rather than live accounts? On the other hand, if the funding mostly comes from failed challenge attempts, then it seems it would be necessary for most people to fail the challenge in order to keep the business afloat....
Dude you’re thinking too much into it. Someone just got a 500k payout. It’s a simple business model to understand for anyone that’s not dumb enough to let it go over their heads…. Probably why you don’t get how it works. 60 k people follow ftmo YouTube. Now imagine if just 1000 of those people buy a 100k challenge and fail. Maybe they get 100 good traders and that’s pushing the numbers at 10% passing. 500 people losing their 600$ from the account would be $300,000 in ftmo’s pocket. Now imagine how many people do this EVERY DAY it’s an addiction, they probably make a lot more than you think and can easily fund traders with their own money. They are the one risking it, ftmo isn’t stealing it from you they lay out the rules right in your face to understand. If they work with an institutional liquidity provider they can use margin hence why these 100k accounts have 10k realistic funds because that’s all you can lose… you can put the rest on MARGIN when placing trades if it cost more than 10k. Just because you can’t pass the challenge and make consistent returns doesn’t mean the rest of us can’t. Have you ever been to the casino ? You know how many people go there every day? This is the same thing when people fail accounts and buy another one. If you can pass them it’s great and a life changer. FTMO has plenty of good traders to pay them a lifetime over again with 25m in profit split this year alone. The challenge isn’t designed to make you fail it’s pretty easy if you ask me, and if I can do it MORE THAN ONCE you can too so stop your complaining and get back to the charts bozo
  • #8,730
  • Jun 24, 2022 5:38am Jun 24, 2022 5:38am
Quoting Tholder676
{quote} Dude you’re thinking too much into it. Someone just got a 500k payout. It’s a simple business model to understand for anyone that’s not dumb enough to let it go over their heads…. Probably why you don’t get how it works. 60 k people follow ftmo YouTube. Now imagine if just 1000 of those people buy a 100k challenge and fail. Maybe they get 100 good traders and that’s pushing the numbers at 10% passing. 500 people losing their 600$ from the account would be $300,000 in ftmo’s pocket. Now imagine how many people do this EVERY DAY it’s an addiction,...
Spot on post.
  • #8,731
  • Jun 24, 2022 5:53am Jun 24, 2022 5:53am
Quoting Tholder676
{quote} Dude you’re thinking too much into it. Someone just got a 500k payout. It’s a simple business model to understand for anyone that’s not dumb enough to let it go over their heads…. Probably why you don’t get how it works. 60 k people follow ftmo YouTube. Now imagine if just 1000 of those people buy a 100k challenge and fail. Maybe they get 100 good traders and that’s pushing the numbers at 10% passing. 500 people losing their 600$ from the account would be $300,000 in ftmo’s pocket. Now imagine how many people do this EVERY DAY it’s an addiction,...
You sound like a person who lacks scruples.
Learn from your mistakes and march on.
  • #8,732
  • Jun 24, 2022 5:54am Jun 24, 2022 5:54am
Quoting Fagin
{quote} Spot on post.
Birds of a feather flock together.
Learn from your mistakes and march on.
  • #8,733
  • Jun 24, 2022 5:58am Jun 24, 2022 5:58am
Quoting here2there
{quote} You sound like a person who lacks scruples.
There are no scruples in forex Everyone is out to get you....the market, your broker. When you place a trade with your CFTC regulated bucket shop, do you think they are rooting for you to win or lose? You are kidding yourself if you think your order is going to market and they want you to win. With that being said, there are some truly STP/ECN brokers in the world..... a handful, but they certainly are not in the US.
  • #8,734
  • Jun 24, 2022 6:48am Jun 24, 2022 6:48am
Quoting Tholder676
{quote} They do it’s called hk50 not hk33

they are different. its called CHN50 the other is HK33 aka china 50 and hang seng 33
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  • #8,735
  • Jun 24, 2022 6:52am Jun 24, 2022 6:52am
Quoting Vitek-ftmo
Hi again traders, I hope you’re doing all well & making the most out of the volatility that the markets recently offer. Also, I would like to apologize for my absence the last Friday as I took a quick vacation. Well, let’s get into today’s update without any further ado. Platform updates: Due to scheduled extended maintenance, the cTrader platform will be unavailable for trading on Saturday, 18 Jun 2022 from 2:00 pm to the end of the session, namely 11:55 pm in GMT+3/CEST+1 notation. Therefore kindly manage your trades accordingly. Also, due to...
Vitek,
I am just curious, does FTMO copy your top traders' trades in real markets? such as copy $500k Paul's trades. since you know your traders statistics to identify good traders and bad traders to meet your criteria.
  • #8,736
  • Jun 24, 2022 8:57am Jun 24, 2022 8:57am
Quoting hazelj80
{quote} they are different. its called CHN50 the other is HK33 aka china 50 and hang seng 33 {image}
Hmmm I see what you mean
  • #8,737
  • Edited 11:30am Jun 24, 2022 9:12am | Edited 11:30am
Quoting here2there
{quote} It has nothing to do with that. What I want to know is if FTMO is a pyramid scheme. If FTMO has legit investors who are putting up capital to be traded, then this is a good thing, as then it would likely not be a pyramid scheme. But if this is the case, then why does everyone who has passed the challenge trade demo accounts rather than live accounts? On the other hand, if the funding mostly comes from failed challenge attempts, then it seems it would be necessary for most people to fail the challenge in order to keep the business afloat....

Always be open minded and think from both perspectives, its a business yes but at the same time their reputation speaks for themself and thats why we love them!
I find it amusing that at first You said "Mind Your own business" but later you were curious about their business when not getting the reply You hoped.

From what we know from trading, usually most (retail) traders are wrong and the same can be applied to other life situations, e.g
They probably dont even need these little challenge fees as most people think they are "living off them". If You dont pass but end in profit without violating rules, You get a free retry chance if im not mistaken + now they offer 14 days extension. And also if You pass You get Your fee back.

Remember they are tracking consistently profitable traders and they are not only able to copytrade them but also 10x their lot size (imagine 10x+ copytrading record breaker payout trades/consistent leaderboard folks), and not only one of them but many of them, hedge and do all kinds of things we cant even imagine, they sure have developed the system and EAs for that, typical retail traders pockets arent so deep. Thats why also you get 80/20 split at first and later 90/10 also. Think why its like that!

Little mystery is always good and everything shouldnt be given out, always good to have a little imagination and dreams!
The facts are that they are legit, fast, reputable and transactions/payouts are really fast and always on time and thats all You need to know.
And theyre account metrix only alone can help you review your own statistics and look for areas to improve on, thats huge already!
I wish them nothing but good life & longevity as they are really giving traders with not so deep pockets (but skillset!) opportunity to change their whole career but only if You know how to trade consistently!

Happy weeekend,
May the markets be with You!
  • #8,738
  • Jun 24, 2022 11:33pm Jun 24, 2022 11:33pm
Are there any prop firms with drawdowns/loss that are a little higher?

Thank you.
You can reach me on Telegram @ KramerFx
  • #8,739
  • Jun 25, 2022 10:53am Jun 25, 2022 10:53am
@Vitek-ftmo

Why do you switch the crypto market on an off at weekends unannounced? I've entered a position about 2 hours ago on BTC and now the market is closed?

Please sort your weekend trading out, or remove weekends from required trading days!
  • #8,740
  • Jun 25, 2022 12:38pm Jun 25, 2022 12:38pm
current ftmo price (closed)
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