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FTMO - For serious traders

  • #8,821
  • Jul 22, 2022 6:53pm Jul 22, 2022 6:53pm
Hello everyone,
the week is over and we’ve got another quick FTMO update on our hands.

Due to scheduled maintenance on all our platforms, MT4/5 and cTrader will be unavailable for trading on Saturday, 23 Jul 2022 from 1:00 pm to 6:00 pm GMT+3/CEST+1. On top of that, please be reminded that cTrader has a different trading hours schedule on Saturdays, therefore kindly manage your trades accordingly.

Let’s now move right on to your recent posts that appeared here during the past week:


Quoting tomrwilson
Just wanting to share some appreciation, got my first payout, initial fee refunded too, always have had excellent support from customer service, thank you FTMO!!
Hi Tomrwilson, glad to hear you made it and I hope you'll stay with us for the long run.

Quoting RCtrader
{quote} Thank you for your reply. Can someone start the evaluation on more than one account? For example, I am trying to pass the evaluation on a $100k account, does this mean I can start the evaluation on a $50k account before I passed the evaluation on my first acc?
Hi RCtrader, Navk gave you the correct answer. We have no limits on the number of active FTMO Challenges or Verifications, there is a limit however on the total balance of active FTMO Accounts, which is $400,000 (alternatively $2 million using the Scaling plan).

Quoting HoangTuan
I got my 2nd payout which 3x larger than my first one, still the same day, pretty happy so far. FTMO asked me to give a review to confirm I received my 2nd payout. So I'm doing it here again as my 3rd payout is at 29th and I'm expecting the same professional level. Thank you FTMO, you made my trading journey so much lighter. I'm on 400k account. Regards
Hi HoangTuan, happy to hear that all is going as planned! Consistency is the key.

Quoting RCtrader
Also, I don't really understand the part with the monthly split. What happens with the profit? Does my share move into a wallet? For example, if I have a 100k acc and the profit is $1000, does ftmo get $200? What happens with the $800? Does the money stay in the account or are they moved into an electronic wallet?
Hi again RCtrader, once you decide to withdraw your money (anytime between 14 to 60 days from your first trade on your FTMO Account), simply just let us know how would you like to receive your profits. By default, FTMO Traders receive 80% of their net profits, we take a 20% stake. You can also decide to keep the money on the FTMO Account to grow it, it’s really up to you. Again, many thanks to Navk for helping out other members.


Super quick update today! Thank you for tuning in everyone and I hope you'll have a pleasant weekend.
-Vitek
  • #8,822
  • Jul 23, 2022 3:48am Jul 23, 2022 3:48am
Quoting navk
{quote} you are free to sign up any number of accounts. However, in the event you pass all, FTMO will offer max 400k funded account only. Challenge you can try any number of accounts.
This doesn't answer my question because I wanted to know if you can do two or three challenges simultaneously. However, Vitek explained it in his post.
Risk Management is of utmost importance!
  • #8,823
  • Jul 23, 2022 4:06am Jul 23, 2022 4:06am
Quoting RCtrader
{quote} This doesn't answer my question because I wanted to know if you can do two or three challenges simultaneously. However, Vitek explained it in his post.
In the challenge stage, one can do anything.

Any number of accounts, news trading all.

Doing more than 1 challenge at a time requires special attention though, if you are trading with out a trade copier.
Intraday only.
  • #8,824
  • Jul 23, 2022 7:09am Jul 23, 2022 7:09am
Quoting Vitek-ftmo
Hi again RCtrader, once you decide to withdraw your money (anytime between 14 to 60 days from your first trade on your FTMO Account), simply just let us know how would you like to receive your profits. By default, FTMO Traders receive 80% of their net profits, we take a 20% stake. You can also decide to keep the money on the FTMO Account to grow it, it’s really up to you.
Thank you for your reply. Does not ftmo have internal electronic wallets? As I understand, the money will go towards skrill or a bank account on the Profit Split Day, won't it?
Risk Management is of utmost importance!
  • #8,825
  • Jul 24, 2022 9:18pm Jul 24, 2022 9:18pm
Quoting RCtrader
{quote} Thank you for your reply. Does not ftmo have internal electronic wallets? As I understand, the money will go towards skrill or a bank account on the Profit Split Day, won't it?
No they don't use wallets, it will go straight to your nominated account. The process happens after closing of the profit split day, not on the day itself.
  • #8,826
  • Jul 26, 2022 11:38am Jul 26, 2022 11:38am
And I have one last question. What should be my profit to be eligible for a withdrawal? Is it $100 or $200 or $500?
Risk Management is of utmost importance!
  • #8,827
  • Jul 26, 2022 11:58am Jul 26, 2022 11:58am
Quoting RCtrader
And I have one last question. What should be my profit to be eligible for a withdrawal? Is it $100 or $200 or $500?
This is on their website:
Due to imposed fees for payout transfers, there is a minimum closed profit requirement of at least $20 for bank wire and $50 for crypto payouts, to cover the cost of a transaction.
On this page: https://ftmo.com/en/faq/how-do-i-withdraw-my-profits/
  • #8,828
  • Jul 26, 2022 12:05pm Jul 26, 2022 12:05pm
Quoting lynnc
{quote} This is on their website: Due to imposed fees for payout transfers, there is a minimum closed profit requirement of at least $20 for bank wire and $50 for crypto payouts, to cover the cost of a transaction. On this page: https://ftmo.com/en/faq/how-do-i-withdraw-my-profits/
But didn't wire transfer cost $10 or more?
Risk Management is of utmost importance!
  • #8,829
  • Jul 29, 2022 8:10am Jul 29, 2022 8:10am
Good morning, everyone!

I have passed the challenge. Only requirement left - minimum trading days which is 6 days for me right now.

Just for information, this was second challenge. I failed the first challenge a few days ago.
  • #8,830
  • Jul 29, 2022 11:26am Jul 29, 2022 11:26am
Hello traders,
Today we’re looking at a very brief post as after a very long time, there are no platform-related changes or updates. The release of a new feature has been scheduled for the following week as well, so let me right away approach your recent posts, which is not going to hold us back for a long time either.

Quoting RCtrader
{quote} Thank you for your reply. Does not ftmo have internal electronic wallets? As I understand, the money will go towards skrill or a bank account on the Profit Split Day, won't it?
Hi RCtrader, just as Lynnc confirmed, we’re sending the money out directly via the withdrawal method of your preference. Instead of leaving the money in some virtual wallet, you can get your profits directly either via bank transfer, Skrill, or crypto. You can also keep the money in your trading account.

Quoting solarpower
Good morning, everyone! I have passed the challenge. Only requirement left - minimum trading days which is 6 days for me right now. Just for information, this was second challenge. I failed the first challenge a few days ago.
Hi Solarpower, glad to hear your second FTMO Challenge went better! Congratulations on passing your Profit Target and make sure not to underestimate the Verification phase. Fingers crossed!


Alright, that's about it! Enjoy the weekend people, I'll see you next week as usual.
-Vitek
  • #8,831
  • Aug 2, 2022 3:25am Aug 2, 2022 3:25am
Got my 3rd payout on 2nd August, my profit split day was 29th July. It's slower than my previous payouts, maybe due to weekends, I hoped to receive it same speed but anyway, paid is paid lol. It's 5 figures

So far it's an amazing journey, I have been trading for 14 years. FTMO scaled my process to the whole new level.

Sharpen your skillset, take things slow, funding programs will speed up you very quickly. Don't rush.
  • #8,832
  • Aug 5, 2022 11:09am Aug 5, 2022 11:09am
Hello everyone,

today we'll go for just a quick post instead of a full update. There are no upcoming platform updates in the following week you should be aware of and neither any major news at FTMO. As the thread remained rather quiet as well, I'll be back again next Friday.

Enjoy the weekend everybody!
-Vitek
  • #8,833
  • Aug 5, 2022 11:02pm Aug 5, 2022 11:02pm
Quoting Vitek-ftmo
Hello everyone, today we'll go for just a quick post instead of a full update. There are no upcoming platform updates in the following week you should be aware of and neither any major news at FTMO. As the thread remained rather quiet as well, I'll be back again next Friday. Enjoy the weekend everybody! -Vitek
Give some generous discount and this thread will come to life.
  • #8,834
  • Aug 6, 2022 3:49am Aug 6, 2022 3:49am
Just purchased a $50K challenge, ready to have a crack next week!
  • #8,835
  • Aug 9, 2022 8:25pm Aug 9, 2022 8:25pm
I'm just doing free trials for now...
but spreads for US100 and maybe some other indices have doubled since last week.
Is this true in live trading, too?
  • #8,836
  • Aug 9, 2022 9:16pm Aug 9, 2022 9:16pm
Hello everyone. Literally just found out that the site ftmo.com was blocked in Russia, on the official website "Roskomnadzor" found inflation that the site is really blocked. Does anyone have any information about the reasons for the blocking?
  • #8,837
  • Aug 10, 2022 4:20am Aug 10, 2022 4:20am
Quoting TraderOtakar
Hello Traders, my name is Otakar and I am a co-founder of the FTMO.com. Our aim is to find successful traders on Forex and CFD who we provide with our company capital when they meet our conditions. The testing of traders is performed through a demo account which we call the Challenge. Why to trade for us? Receive funding up to 40 000 USD, you keep 70 % of profits, we cover the losses. In this thread we will share articles about trading, news about the company and the most importantly we will answer all your...
Hello TraderOtakar,

Kindly advise if your offer is still available and if you still seek serious traders.

I am a developer of MT4 robots (Expert Advisors), and started my intensive researches on developing the best possible, most powerful Forex robots since 2008.

My robots are programmable for simultaneous trading of up to 28 currency pairs (if as much as that number is needed) with strictest risk management (per required risk exposure and drawdown values), and with automatic hedging.

US$1000 Demo Account:
https://www.forexfactory.com/forexrobots#acct.77

This US$1000 demo account demonstrates the trading power of the robots WITHOUT any risk exposure limitations (EXCEPT, CURRENTLY ON LOT SIZE WHICH STANDS AT 0.1 PER TRADE) in any market conditions.

My robots can professionally manage a trading account of minimum US$100 up to any maximum at no more than 1:500 leverage.

If you still need Forex traders, kindly advise how I can get my robots tested and verified by your Company.

FREE signals from my robots can be subscribed to and tested at https://www.mql5.com/en/signals/1608633

My robots are strictly available for remote leasing only, no sales.

N.B.
At certain stages of my researches, I was shouted at and banned from Forex Factory, but that never stopped me from working hard toward achieving my goals. I hope my current achievements can help "well-informed Forex traders and investors" achieve their goals in generating stable income from Forex trading.

Trade reports from my robots are available on Twitter: https://twitter.com/IdorenyinUmore5

Please freely ask me any questions you may have.
  • #8,838
  • Aug 10, 2022 8:37am Aug 10, 2022 8:37am
Quoting ForexRobots
{quote} Hello TraderOtakar, Kindly advise if your offer is still available and if you still seek serious traders. I am a developer of MT4 robots (Expert Advisors), and started my intensive researches on developing the best possible, most powerful Forex robots since 2008. My robots are programmable for simultaneous trading of up to 28 currency pairs (if as much as that number is needed) with strictest risk management (per required risk exposure and drawdown values), and with automatic hedging. US$1000 Demo Account: https://www.forexfactory.com/forexrobots#acct.77...
You have 60% drawdown on your signal.
  • #8,839
  • Aug 10, 2022 8:51am Aug 10, 2022 8:51am
Quoting Takisd
{quote} You have 60% drawdown on your signal.
Hello Taksid,

Thank you for your remark.

But I earlier made it clear in my post:

QUOTE

This US$1000 demo account demonstrates the trading power of the robots WITHOUT any risk exposure limitations (EXCEPT, CURRENTLY ON LOT SIZE WHICH STANDS AT 0.1 PER TRADE) in any market conditions.

UNQUOTE

Mathematically, if the demo account was a US$10k, we should proportionately have a 6% DD at 0.1 lot size.

If the demo account was a US$100k value, we should have got a 0.6% DD.

I intentionally use a US$1k demo account to help verify the extent to which DD can rise in unexpected market conditions with US$1k trading capital.

As you can verify at https://www.mql5.com/en/signals/1608...own#!tab=risks , right now we have DD value heading down, and this tendency should persist at 0.1 lot size amid current floating Free Margin of over US$1400 as can be witnessed on below screenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: MT4_Terminal_Screenshot_10Aug2022_for_FF.png Size: 28 KB
  • #8,840
  • Aug 10, 2022 8:58am Aug 10, 2022 8:58am
Quoting ForexRobots
{quote} Hello Taksid, Thank you for your remark. But I earlier made it clear in my post: QUOTE This US$1000 demo account demonstrates the trading power of the robots WITHOUT any risk exposure limitations (EXCEPT, CURRENTLY ON LOT SIZE WHICH STANDS AT 0.1 PER TRADE) in any market conditions. UNQUOTE Mathematically, if the demo account was a US$10k, we should proportionately have a 6% DD at 0.1 lot size. If the demo account was a US$100k value, we should have got a 0.6% DD. I intentionally use a US$1k demo account to help verify the extent to which...

Then rather posting links all through FTMO's thread. You should go to ftmo.com buy an evaluation and pass it. Enjoy.
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