FTMO is becoming a scam (from 8th of December) !

I am very disappointed about the new T&C (starting from 8th of December):

1. There will be 2 completely different entities / firms (FTMO Challenge and FTMO Trading Global s.r.o.)
2. Passing, without breaking any rule WILL NOT guarantee the access to a FTMO Trader account - as per 5.19: This does not guarantee your acceptance into the FTMO Trader Program. We are not responsible for you not being admitted into the FTMO Trader Program for any reason.

So, at the sole discretion of FTMO Trading Global s.r.o, even if you succeed & didn't break any rules in the FTMO Challenge you may ... or may not receiver an FTMO Trader Account. At their sole discretion ...

So you pay X $ for a Challenge, and even if you have succeed, you may not be accepted into the FTMO Trader Account, at their sole discretion...

This is called a legalised scam... And everyone should be aware of.

Interestingly FTMO just had their first ever discount sale ( that I’m aware of ) applied to their evaluations.
They previously stood by the fact that they never had to offer discounts as their reputation in the marketplace essentially did the selling.
Not making any judgments, just found it an interesting marketing departure..

FTMO is useless. their BTCUSD spread is good, but their leverage on Bitcoin is so low that you place a few trades and you’ve already used up 100K in margin. I had high hopes but after trying their free trial, they’re useless unfortunately.

Here are the OLD Terms & Conditions. The "may" and "will not guarantee" that people are panicking about were already in the old T&C...

But will they offer a refund of fees if the trader is not admitted since the trader passed? If they would, then, it's OK.

For you, clearly - but I think it would be very far from "ok" for most people.

My point is, if the trader got his/her initial investment back, I won't really call it a scam. And it will be a matter of time before they go out of business if they keep doing it to so many traders.

So far so good with them, but they updated some new Contracts which i need it to sign, they added as well for red news XAUUSD

To protect your FTMO Account from unwanted market events linked to USD-related macroeconomic releases, the DXY.cash and XAUUSD symbols have been added to the affected instruments list. The same rules apply for executing (opening or closing) any trade in the window of 2 minutes before to 2 minutes after the release on an FTMO Account standard type (Clause 5.15.4). Compliance & Account Management Shared payment methods or devices (Clause 8.5) You must notify FTMO if you share payment methods or electronic devices with another user.

I would not say they are scam, they just updated some recent clausule.. To protect themselves, there is alot of traders who try to over risk challenges, obviously they do not want that since alot of them will risk max drawdown almost.. But again this is pure gamble thing from their oppinion, so thats why they trying to eliminate quick pass traders.. I hope you understand what i mean