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FTMO - For serious traders

  • #8,861
  • Aug 22, 2022 4:28pm Aug 22, 2022 4:28pm
Quoting fxpipper
{quote} A little late to this discussion. I believe others have answered your question, but I'll give it a shot as well because I know you, and we've spoken about prop firms before. FTMO doesn't provide capital for funded members, but instead copies the trades of these successful members. That and the challenge fees from failures are their main revenue streams. They can't give you an actual live account because regulations won't allow it. In most jurisdictions you need to be a licensed investment advisor to perform controlled functions with someone...
Thank you for a thoughtful response. Which prop firm are you with?
Learn from your mistakes and march on.
  • #8,862
  • Aug 23, 2022 9:07pm Aug 23, 2022 9:07pm
I have been super impressed with how transparent and smooth all the processes are with FTMO. The payout and refund is streamlined, I think my first payout via bank transfer reached my bank account in less than 12 hours, literally overnight from submitting on the dashboard, and the refund cleared within a few days. I wish I was paying more attention about the rise of prop firms two years ago!
  • #8,863
  • Aug 23, 2022 10:48pm Aug 23, 2022 10:48pm
Quoting Vitek-ftmo
Hello traders, Welcome to another quick update on our ForexFactory thread. -Vitek
Hi Vitek, can I check in with you? Is it true that FTMO will blacklist someone if he/she employs someone else to pass the challenge on his/her behalf? What will happen to the refunded challenge fee and payouts (if any)?
  • #8,864
  • Aug 24, 2022 3:07pm Aug 24, 2022 3:07pm
Quoting Vitek-ftmo
Hi Doyathink, the temporary increase in spreads (mainly on US indices) has been caused primarily by the CPI news on the 10th of August. After several hours, the situation went back to normal.
How long is "temporary"? Today it's the 24th, and the spread on US100 is still high. It used to be a solid 60 all day and night long, but now it's been varying a lot from 80 to 160, going to as high as 220 at night.
  • #8,865
  • Aug 26, 2022 12:01pm Aug 26, 2022 12:01pm
Hello Traders,
It's Friday and I'm happy to be back on our forum. Welcome to another ForexFactory update everyone, I hope you've had a great week, let's get straight into the details.

Due to maintenance on all our platforms, MT4/5 and cTrader will be unavailable for trading on Saturday, 27 Aug 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.

Starting from Monday, 12 September, the symbol US30.cash will have its contract size permanently modified to 1 contract per lot, from the current 10 contracts per lot. In order to make the transition smooth, on Friday, 9 September, the symbol will be set to Close-Only 1 hour before the market close, namely at 10:50 pm GMT+3/CEST+1, until the reopening after the weekend. Traders can then close their positions but won’t be able to open new ones, until the newly adjusted symbol will be fully tradeable on 12th September.
All traders are therefore required to close their positions on the US30.cash symbol and delete any pending orders on the symbol before the market close on Friday, 9 September 2022, regardless of the account type or stage (FTMO Challenge, Verification, or FTMO Account). Eventual positions left open will be closed and pending orders cancelled. Trading will resume normally on Monday at the market open.

And that's about it for the news, let's now check the recent comments that you've posted during the past few days...


Quoting Nsak3y
{quote}-Perhaps there will be some speculation regarding these updates. Any chance that we may know the precise reasoning for these changes? Thanks.
Hi Nsak3y, the reason is simply mitigation of the exposure risk. If the trader has several floating profitable positions, the increasingly growing free margin then allows him to open hazardously large volumes - we’re talking hundreds of lots here - which is then dangerous towards our live accounts, but also to the trader himself. Responsible traders will barely notice the calculation change.

Quoting Profit-men
{quote} FTMO since - 02/24/2022 stopped working with Russian traders. So do not worry about the fact that someone, someone - blocked. Look for another prop))
Hello Profit-men, it’s not about us deciding we want to stop cooperating with somebody, however, being headquartered in the Czech republic and hence being a part of the European Union, we are legally not allowed to send any transactions to Russian Federation due to the sanctions imposed by the EU and USA. Russian traders can still sign up & trade with us, however, we’re currently unable to send them any profits.

Quoting Causation
I have been super impressed with how transparent and smooth all the processes are with FTMO. The payout and refund is streamlined, I think my first payout via bank transfer reached my bank account in less than 12 hours, literally overnight from submitting on the dashboard, and the refund cleared within a few days. I wish I was paying more attention about the rise of prop firms two years ago!
Hi Causation, glad to hear everything went butter-smooth for you! Congratulations on scoring the profit and good luck with your FTMO Account!

Quoting CaptainRoger
{quote} Hi Vitek, can I check in with you? Is it true that FTMO will blacklist someone if he/she employs someone else to pass the challenge on his/her behalf? What will happen to the refunded challenge fee and payouts (if any)?
Hi CaptainRoger, sure. Having someone else pass your FTMO Challenge is directly contradicting our Terms & Conditions and we do not permit doing so. However, every case needs an individual approach and therefore, I can not say that all the users end up being blacklisted straight away. In lighter cases, we sometimes choose just to give the client a warning first.

Quoting lucvixx
{quote} How long is "temporary"? Today it's the 24th, and the spread on US100 is still high. It used to be a solid 60 all day and night long, but now it's been varying a lot from 80 to 160, going to as high as 220 at night.
Hello Lucvixx, I’ve checked our recent spreads on US100 and I have to say that you’re correct as for the past weeks, they have really been above the long-term average. Those are the prices we’re receiving from our LPs and I assume it might be correlated to the volatility of the USD caused by the Fed’s recent announcements. As of now, the spread sits at 80 points, which is about standard. We’ll keep monitoring the situation and if necessary, we’ll discuss the situation with our providers.


And there we go. Thank you for your attention everyone, enjoy your weekend!
-Vitek
  • #8,866
  • Edited 3:47pm Aug 26, 2022 3:34pm | Edited 3:47pm
[/quote]Hello Profit-men, it’s not about us deciding we want to stop cooperating with somebody, however, being headquartered in the Czech republic and hence being a part of the European Union, we are legally not allowed to send any transactions to Russian Federation due to the sanctions imposed by the EU and USA. Russian traders can still sign up & trade with us, however, we’re currently unable to send them any profits[/quote]

Hi Vitek - It turns out a funny situation.

To take money from the Russians - there is no sanction. And how to give profits - are there sanctions ???

You can register with you, you can receive money from Russian traders, but you cannot give back the earned profit because of the sanctions!? Tell me, why then do you have to register, spend time on your company?, if you still don’t give back the profit???

Wait until the sanctions are lifted??? And if they are removed after 50 years?? You know, it's not even funny. Traders from Russia, there is a list of prop companies in the propfirmhub branch of mastermind.

Who work with traders from Russia. They cooperate and most importantly pay a profit. Crypto withdrawals. There are those who pay through the Deel

FTMO has a specific sense of humor. With the same success, you can trade on a demo account)) and here and there, you still can’t withdraw money. ))

Peace and good luck to all.
  • #8,867
  • Aug 26, 2022 6:55pm Aug 26, 2022 6:55pm
Quoting Nsak3y
{quote}-Perhaps there will be some speculation regarding these updates. Any chance that we may know the precise reasoning for these changes? Thanks.
Most american brokers set max lot size to 50 in forex. or if you did try more than that they will start chopping your leverage down by quite a bit after 100 lot or so

so def risk exposure
  • #8,868
  • Aug 26, 2022 9:34pm Aug 26, 2022 9:34pm
The reasoning was not overly questionable for some, but the purpose for asking was so that we could get confirmation and maybe some clarification from FTMO.

FTMO has thousands of subcontractors, so maintaining an honest and transparent working relationship with business partners is (should be) very important, especially when changes are implemented that are related to trading. Such honesty and transparency should go both ways.
  • #8,869
  • Aug 30, 2022 11:04am Aug 30, 2022 11:04am
Hello, may i ask why the FTMO-Demo server is very lagging?? what is the solution for it?

Thank you
  • #8,870
  • Aug 30, 2022 11:07am Aug 30, 2022 11:07am
Quoting brewokz
Hello, may i ask why the FTMO-Demo server is very lagging?? what is the solution for it? Thank you
It must be on your side, mine works fine.
Risk Management is of utmost importance!
  • #8,871
  • Sep 1, 2022 3:36am Sep 1, 2022 3:36am
Hello Vitek
US30 & US500 lot value/pip is so confusing.
when changing trades between the two trying to catch entry as fast as possible, many trades open with lot size that's 10 times greater than what i wanted.
that cause a huge problem to my account.
why can't be the same in value per pip..?
  • #8,872
  • Sep 7, 2022 11:04am Sep 7, 2022 11:04am
Quoting bradu
i have something quite simmilar ... today i couldnt connect to my ctrader platform...ctrader id or pass is not good. im waiting for support to answer me, but it is strange, since is the first time in more than 1 year... and by the way, im not from Russia....but close, Romania
did u check their updates on website. Sometimes they do maintenence ofmplatform which they post on website beforhand. So keep checking updates every week.
  • #8,873
  • Sep 7, 2022 11:07am Sep 7, 2022 11:07am
Hi i m new to this thread. In case anybody wonder that they are legit? I m trading with ftmo from about a month. I got paid my second payout and it was fast . Received money in my account within 1-2 days.
and they r overall best prop firm in terms of rules.
  • #8,874
  • Sep 7, 2022 11:40am Sep 7, 2022 11:40am
Quoting Sking008
Hi i m new to this thread. In case anybody wonder that they are legit? I m trading with ftmo from about a month. I got paid my second payout and it was fast . Received money in my account within 1-2 days. and they r overall best prop firm in terms of rules.
trading with FTMO from about a month and got your second payout ..!!
Folks, whats going on with FTMO !?
Do they face any problem ?
I smell something fishy.
  • #8,875
  • Sep 7, 2022 11:42am Sep 7, 2022 11:42am
Quoting Feelas
{quote} trading with FTMO from about a month and got your second payout ..!! Folks, whats going on with FTMO !? Do they face any problem ? I smell something fishy.
2 payouts in a month is entirely possible. FTMO pays bi weekly from the get go now.
  • #8,876
  • Sep 8, 2022 12:02am Sep 8, 2022 12:02am
Quoting doyathink
{image}scroll down on the attached to see spread tracking indi ... yesterday 70 pips plus spikes, today 140, but much less spikes... maybe that's decent trade-off.
Hi doyathink (or anybody trading at FTMO),

Can you post FTMO spreads of all FX pairs at the beginning of the day (or new week > 00:00) like this post?

Attached Image (click to enlarge)
Click to Enlarge Name: Mon Spread.png Size: 42 KB




Quoting FXTrader.FF
My friend is trading at MFF and she said that spreads are harmful when the market opens at the beginning of a new week and every day. {image} Has anyone had trouble with the MFF spread?
  • #8,877
  • Sep 8, 2022 10:12am Sep 8, 2022 10:12am
Quoting Feelas
{quote} trading with FTMO from about a month and got your second payout ..!! Folks, whats going on with FTMO !? Do they face any problem ? I smell something fishy.

Be careful, you will get yelled at soon. These posts pop up all the time regularly and in their trust pilot. Nothing is going on with FTMO its just bad practices. They pay, their conditions are fine and thats all that matters.
  • #8,878
  • Sep 8, 2022 10:13am Sep 8, 2022 10:13am
Quoting FXTrader.FF
{quote} Hi doyathink (or anybody trading at FTMO), Can you post FTMO spreads of all FX pairs at the beginning of the day (or new week > 00:00) like this post? {image} {quote}

everyone should have wider spreads at market open as makers start putting in their limits. When the market opens it literally starts at 0. FTMO is no exception nor is tff or any other of the serious prop firms because serious prop firms only have real conditions and real conditions = wider spread first hour of open.
  • #8,879
  • Edited 10:25pm Sep 9, 2022 1:23pm | Edited 10:25pm
Incase not possible to pass within first two weeks better stay away for next month because that deposit should be greater than initial investment to get free try after 30 days period
NeverGP High Return Test All Time Return: 2.0%
  • #8,880
  • Sep 10, 2022 1:41pm Sep 10, 2022 1:41pm
Quoting moongirl
Hello Trader, FTMO is absolutely legitimate. The platform runs at 99.8% a top value ! The spreads are accurate in trading hours like prime brokers. My trading 9+ years of forex futures.... Keep me very low with opinions on the net. As FTMO has paid out several times and everything went smoothly, and the support is fast and to the point I decided to write this. Thank you FTMO and to all the traders who have the courage to share their experience.

what the living crap is this post.
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