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FTMO - For serious traders

  • #8,881
  • Sep 10, 2022 6:38pm Sep 10, 2022 6:38pm
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.
Hello Moongirl,
Most of your comments seem to be OK.
However the comment that says "The spreads are accurate in trading hours like prime brokers" may not be correct.
I have accounts with 3 other brokers and the FTMO spreads are mostly wider than all of those 3 brokers.
For example, the FTMO spreads are usually double the ICMarkets spreads
And for the past few weeks, the FTMO spreads seemed to have been much wider for some pairs e.g. GBPJPY EURAUD are regularly 1 pip or more greater than ICMarkets and Blackbull Markets spreads
PRIOR to the past few weeks the FTMO spreads were smaller for those 2 pairs
  • #8,882
  • Sep 11, 2022 4:35pm Sep 11, 2022 4:35pm
Quoting Takisd
{quote} 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.
- Is there any (big) difference?
- Why?
  • #8,883
  • Sep 11, 2022 4:41pm Sep 11, 2022 4:41pm
Quoting silverau
{quote} I have accounts with 3 other brokers and the FTMO spreads are mostly wider than all of those 3 brokers. FTMO spreads seemed to have been much wider for some pairs...
Can you post a screenshot of FTMO at >0:00 open market?
  • #8,884
  • Sep 11, 2022 7:02pm Sep 11, 2022 7:02pm
Quoting FXTrader.FF
{quote} Can you post a screenshot of FTMO at >0:00 open market?
In my post #8882 I was referring to the FTMO spreads all day being wider (compared to ICMarkets etc) whereas Moongirl said "spreads are accurate in trading hours like prime brokers" which is not correct (i.e. the spreads are not like prime brokers)
  • #8,885
  • Sep 13, 2022 6:30pm Sep 13, 2022 6:30pm
Is there ever going to be a time when FTMO offers a higher GBP account to account for the change in exchange rate. The highest GBP account challenge is 140k which is only around 161k USD, compared to the 200k USD challenge. It's easier for me to just use GBP accounts since I live in the UK, but can't help but feel short changed when I see the stark difference between the two.
  • #8,886
  • Sep 16, 2022 9:25am Sep 16, 2022 9:25am
No update this week ?
  • #8,887
  • Sep 16, 2022 11:21am Sep 16, 2022 11:21am
Quoting Brixton
No update this week ?
too early in the day. closer to market close
  • #8,888
  • Sep 16, 2022 11:25am Sep 16, 2022 11:25am
Quoting Brixton
No update this week ?
or last week?????? hmmmmmm...............
  • #8,889
  • Sep 16, 2022 10:36pm Sep 16, 2022 10:36pm
Happy weekend everyone,

I hope you’ve all had a great week, welcome to today’s update. We took a brief break from posting as there we no major updates/changes and nor a lot of questions. As FTMO and the prop trading industry in general become quite well-known, we’re no longer receiving that many questions from newcomers, and we may switch to bi-weekly updates.

Let’s check the platform updates for this weekend and the upcoming week:

To mourn the sudden death of Queen Elizabeth II, there is a change in the trading hours of the following instruments:
UK100.cash instrument closed early at 11:00 pm on Friday, 16 Sep 2022. The instrument will remain closed for the whole day on Monday, 19 Sep 2022, and will reopen on Tuesday, 20 Sep 2022, at 3:00 am.
AUS200.cash instrument will open late at 10:10 am on Thursday, 22 Sep 2022.
All times are expressed in the MetaTrader server time (GMT+3/CEST+1).

A few more minor updates:

We have added a new payment provider checkout.com to ensure the smoothness of payment-related processes.
Our IT department also released a new version of Account MetriX that virtually fixed 99% of bugs that you might have encountered.

Alright, let’s check your recent posts:


Quoting Profit-men
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...
Hello Profit-men, the explanation is simple. We’re just being 100% compliant with the international authorities. We have no reason or obligation to disallow Russian traders to sign up, review our services, start a Free Trial etc. We even warn those traders about the situation, although with the number of sanctions imposed, it is becoming common knowledge that sending any transactions from EU/USA to Russian Federation is mostly disallowed. Using other channels (crypto, Skrill…) could be considered as bypassing the active sanctions, which again would represent a legal threat towards our company.

Quoting brewokz
Hello, may i ask why the FTMO-Demo server is very lagging?? what is the solution for it? Thank you
Hi Brewokz, we haven’t registered any issues on our servers lately. You might have had a weak connection at the time or try removing some indicators from your chart.

Quoting Feelas
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..?
Hi Feelas, as we published on our updates page, we recently adjusted the contract size on US30 from 10 to 1. The reason for that was to adjust our trading conditions to what most traders are used to as the contract size was bigger compared to most prime brokers. Especially in the current volatile market setting, traders were exposed to the risk of high sudden losses.

Quoting silverau
{quote} In my post #8882 I was referring to the FTMO spreads all day being wider (compared to ICMarkets etc) whereas Moongirl said "spreads are accurate in trading hours like prime brokers" which is not correct (i.e. the spreads are not like prime brokers)
Hello Silverau, you might spot a slight change in spreads due to momentary settings of our Liquidity Providers which, unfortunately, we do not have control over since the change in the spreads is subjected to the current market conditions. We are currently in discussions with our LPs to make sure the spreads do not deviate from day to day.


Alright, that should do it for today. Thank you for your attention everyone, and I hope you'll have a pleasant weekend.
See you next time!

-Vitek
  • #8,890
  • Sep 17, 2022 12:25pm Sep 17, 2022 12:25pm
Crypto markets down again, unscheduled!
  • #8,891
  • Sep 20, 2022 7:33am Sep 20, 2022 7:33am
Quoting Dany.
Vitek, The spread for US100 used to be about 2 ticks (0.3-0.6 points to be precise. ieSELL 12032.0 BUY 12032.3) during late London and early US sessions. This was the case for 95% of the time for the period March 2020 - June 2022. In other words that is over two years with the Nasdaq index at about two ticks bein TRADEBLE. The spread for the US100 is now at least 8 ticks (2 points. ie SELL 12032.0; BUY 12034.0). This is over 95% of time. In other words, the instrument is not TRADEBLE for index traders that use pay the challenge hoping to become...

You really can't trade a 2 point spread? ......... insanity.
  • #8,892
  • Sep 20, 2022 8:35am Sep 20, 2022 8:35am
I will re-word the question. Other readers might wonder as well why the index spreads were widen about 4 times for late London Session.
  • #8,893
  • Sep 22, 2022 12:10am Sep 22, 2022 12:10am
The overnight rates for both demo and challenge can be high too (both ways).
I know my swing strategy sometimes needs more time than the 30 days to pass the challenge, but I'm concern about the swap fees if I do pass the challenge.
Sometimes I may need to carry 2-3 trades over 1 week if caught in a consolidation.

Can anyone help on the following 3 questions?
1) For Live "SWING" account, if there is any violation for trades execution during news events?
2) For Live "SWING" account, if there is any violation for trades carry over weekends?
3) Can non-Muslims apply for swap-free accounts too?
  • #8,894
  • Sep 23, 2022 3:01am Sep 23, 2022 3:01am
The spread of the US indices during the European session continues to be absurd. At times larger than those of the other props companies and brokers.

NASDAQ 2.2 ; DOW 1.9 ; S&P500 0.7
  • #8,895
  • Sep 25, 2022 3:08am Sep 25, 2022 3:08am
I just received my first profit split from FTMO, the process was fast and superb, their customer support was excellent also.
  • #8,896
  • Sep 28, 2022 11:12am Sep 28, 2022 11:12am
Quoting KNS
The overnight rates for both demo and challenge can be high too (both ways). I know my swing strategy sometimes needs more time than the 30 days to pass the challenge, but I'm concern about the swap fees if I do pass the challenge. Sometimes I may need to carry 2-3 trades over 1 week if caught in a consolidation. Can anyone help on the following 3 questions? 1) For Live "SWING" account, if there is any violation for trades execution during news events? 2) For Live "SWING" account, if there is any violation for trades carry over weekends? 3) Can...
1. No
2.No
3. I'm pretty sure its no on islamic accounts i never knew they even offered them in the first place
  • #8,897
  • Sep 29, 2022 6:39am Sep 29, 2022 6:39am
It is my 4th payout and till now no crutial problem happend for me , I think FTMO is the best prop firm in the industry till now ...really worthy to be trusted.
  • #8,898
  • Sep 30, 2022 2:31am Sep 30, 2022 2:31am
I have received both my refund and profit split , very good service indeed, as a retail trader we given a good opportunity with FTMO to make profits, I would definitely look to build myself long term as a retail trader with FTMO.
  • #8,899
  • Sep 30, 2022 8:21am Sep 30, 2022 8:21am
Man these first post bullshit posts are getting weird. Probably time to switch them off..
  • #8,900
  • Sep 30, 2022 2:44pm Sep 30, 2022 2:44pm
Quoting moongirl
Hello Trader, FTMO is absolutely legitimate

Says yet another brand new, first-time poster!


Quoting Yuve
I have received both my refund and profit split , very good service indeed, as a retail trader we given a good opportunity with FTMO to make profits, I would definitely look to build myself long term as a retail trader with FTMO.

Says yet another brand new, first-time poster!

Can FTMO really not understand what damage these obviously incentivized posts do their credibility?!
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