Ftmo premium reddit review. Today i finished my first phase of my 100k Challenge.
Ftmo premium reddit review But my point still stands, if you want to trade properly you dont want your drawdown to reach anywhere near that $5k, let alone the $10k since you'll just be putting all your eggs in one basket. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. Welcome to FXGears. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. Can't go wrong with FTMO. Some of them have also posted So it's been a while that I know FTMO, signed up with them at the end of 2019 not long after it launched, but failed the tests (2 100k acc tests), I then switched to trading cryptos (on personal accounts) and been quite profitable with that, and more importantly learned to trade better! FTMO developed a unique 2-step Evaluation Process for traders. Written By. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. . Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. FTMO Review Summary. Today i finished my first phase of my 100k Challenge. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. You have to be profitable to be able to make money on their FTMO without second thought. The main reason is rules and laws. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. Please note that your status (Natural Person, Legal Entity) will be based on the option you selected during your first order purchase, depending on So this how the first FTMO payout went. And even extra 10% more for those qualifying under the scaling plan. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. Sorry OP but that's a dumb question. 5% a month with their 200k account is still 10k and if you haven't scaled to their 90/10 split yet, it's 8k in your pocket each month. The programme has two main levels that you can achieve, with the possibility of even reaching the third level. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. That being said, ftmo recently made available extensions if you are close to the target and from day one even if you don't hit the target within 20 trading days you will get a retry anyway. The FTMO Challenge rules and Verification process are well-documented and Hi all. Free Challenge: Earn a free FTMO challenge at the same size as your current account. 1% with FTMO and +4. Trust the process and don’t give up. The real question is do YOU have a consistent and profitable method? That is the real question. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. " I see no reason to use anything either than FTMO, they have established themselves, have lots of good reviews and most importantly they have the capital to pay people and support their system. No "gotcha" moments or stupid fine print rules. When MFF imploded , I wanted to buy a 200k FTMO account, but I decided to get 2x100k, one each with FTMO and 5%ers to spread the risk out of another implosion. There seem to be quite a few users leaving negative reviews. com's Reddit Forex Trading Community! Here you can converse about trading ideas… FTMO developed a unique 2-step Evaluation Process for traders. 4. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Additionally, you need close any open positions on the pair it'll effect . 8. If you're in the scaling plan, you get a new "initial balance" reflecting the "scale up". FTMO Forex Trading Community was created with the following intentions: - To help new and professional traders learn and improve their forex trading skills as best as we can, - To help Traders know more about FTMO and how to get funded by them, - To help/guide new traders in passing the FTMO challenge and verification stage. FTMO is legit and has been around for a while. Essentially once you pass their exam, you go through their identity verification process and sign the contract and they provide you with the login credentials to the account that's linked to their live account within 1-3 business days. I think it might be prudent to set reminders up on every FTMO pass thread and ask the OP how they are going after 3-6 months. Thanks for reading this FTMO review. In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. Upon successful completion of the Evaluation Process, you are offered to trade on a demo FTMO Account with a balance of up to 200,000 USD. If they pass, you pay. seems like you guys have not understood how ftmo works. 323K subscribers in the Forex community. - To be with other like-minded forex traders. 80 after all the trades hit my stop losses. All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. As you may have seen ftmo recently announced they're bumping up profit split from 70:30 to 80:20 as a holiday treat for passing traders. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. 5 months per scale up. there are 50 prop firms operating as of now , but no firm can match track record . You can see the thread about us on the most respected Forex review site - Forex Peace Army and see for yourself. Except with taking a prop challenge, you can pick the day when you're ready and if a lot of props removed a time limit, then even better. Currently trading 200k and once I max out ftmo I'll look for others prop firms to get more AUM but until then ftmo is the way to go for me. Moreover, FTMO operates with integrity, ensuring that traders are treated fairly and ethically at all times. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! So to them, it is a completely risk free business. Updated : September 26, 2024. On FTMO's YouTube channel, I was watching one of the videos about the process and they said in the video that you don't need to contact them because they already know your account is ready for the next step. Trying too hard and studying too hard has diminishing returns and is counterproductive. FTMO is an excellent proprietary trading firm for forex traders. even if it's just a simulation. This past 30 days I tried my 3rd FTMO challenge of the year after starting forex back in April and I just passed the 2nd stage verification. 11 votes, 36 comments. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. I had two accounts with them, and when I made significant profits of $15000 on one account and $19000 on other account, they refused to make my payments, claiming it was due to "over risk exposure. FTMO official response: Hi there folks, thanks for your comments. Posted by u/mrcake123 - 14 votes and 97 comments The relationship between an FTMO Trader and FTMO is based on the FTMO Account Agreement that we will sign with you after you pass your FTMO Challenge and Verification as well as the KYC/KYB process. The max daily loss is the thing you need to watch out for. Took me several challenges to pass but all worth it. FTMO has a dashboard that lists the times that the news will be released. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Many reviewers have shared their experiences of passing the challenge and verification phases, receiving their funded accounts, and getting their profit splits on time. However, account grows much quicker than FTMO, so still better than FTMO purely on the weight of account growth 2 days ago 路 Attention Forex Traders, I want to share my unfortunate experience with FTMO, a prop trading firm. 馃槙 Customers from the US are no longer welcome. My question is if any of you guys who have passed the first… The rules are better than FTMO. I’ve been funded with FTMO for more than two years but I cannot participate in their Premium programs as I’m in the US. professionalism ,longevity of FTMO. But to your point about increasing from $140K to $300K: are you seriously proposing that a reasonable person, acting prudently, would let $160,000 sit in a a non-intrest-bearing-account if there was the slightest chance they may never receive that money? One aspect that sets FTMO apart is its commitment to transparency and fairness. Took me an average of 1. Sep 26, 2024 路 FTMO Review. -ftmo's business model is based on the failed challenge fees. as long as you don't resort to shady practises and align your trading style with them , you are good to go. S. Feb 8, 2024 路 FTMO is one of the fastest growing proprietary trading firms with funded trading accounts. While it is exciting to see the amount of FTMO passing going on, I need to be a buzzkill and remind you that the majority of people fail those challenges and just keep taking them until they pass. In the other note I believe in every single one y’all who are trying to make a change. Funded traders receive up to 90% of profits. which is more than enough to pay out the traders that do make money (90%+ loose) Ok i meant $5k max daily loss. If they fail, you are still out FTMO's challenge fee. None of the people that fail post anything up on reddit because there is no point, while the people that succeed (which is a tiny %) are on here having their 15 mins of fame before 99% of them inevitably lose the account which they attained through luck rather than actual trading skill. It looks like a good option to the well-known FTMO. Its profit split structure starts at 80% and transitions to 100% profits quicker than Bootcamp, and the additional monthly salary is a unique incentive. USE FTMO Sep 9, 2024 路 FTMO’s Evaluation Program provides traders the opportunity to manage account sizes ranging from $10,000 up to $200,000. Welcome to MarketScreen – Navigating the Financial Markets Together! 馃搱 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. Got to give it to FTMO. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. The reviews and testimonials are all 100% organic. Posted by u/uiy564896432 - 1 vote and 6 comments Always remember that these guys the run prop firms are always competing against other prop firms , in forex eventually after using statistics and time … 95% of traders will lose (the house always wins) only the 5% make it with good coin. Musíte mít aktivní FTMO Account v hodnot臎 400 tisíc USD (slou膷ený ze dvou FTMO Account暖 v hodnot臎 200 tisíc USD nebo z jednoho FTMO Accountu v hodnot臎 400 tisíc USD). FTMO's 70/30. Ziskovost Aktivní ú膷ast na úrovni Prime po dobu 3 m臎síc暖 s alespo艌 3 výplatami a ziskovostí 4 % na výplatu na FTMO Accountu ve výši 400 tisíc USD. (Just gotta wait 5 more days to complete the 10 day requirement) I’m so excited to start. Competition in the space makes everyone better off! Now is the time to take advantage guys ftmo profit split update Jul 31, 2024 路 FTMO Funding Overview Profit Split 80% to 90% Daily Loss 5% - 10% Max Drawdown - Profit Target 5% - 20% Tradable Products Forex, Indices, Metals, Bem-vindo ao Programa Premium da FTMO, onde traders de elite têm acesso a benefícios e recompensas excecionais. 2m. Unfortunately, many are not quite right and many are misleading. Their scaling plan of 10%/4 months is more realistic. in short it seems like they cheat by making you lose the money you invested to do some challenges to get an account with them (propfirm). Definitely enough to live on unless you have some huge family or expensive cost of living. with FTMO you can get a practise account and test fills , spreads for 14 days. You will never have worry about a "MyForexFunds" moment w/ FTMO. FTMO has specific rules and guidelines for trading in their Challenge and Verification phases, and it is recommended that you review these rules before starting your trading. We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. O programa tem dois níveis principais que pode atingir, com a possibilidade de alcançar o terceiro nível. Always payout, every time. Nov 22, 2024 路 The majority of FTMO reviews on Trustpilot praise the company for its fair evaluation process, efficient trading platforms, and excellent customer support. FTMO supports the three most popular trading solutions: MetaTrader 4; MetaTrader 5; cTrader; All of them are free to use with no markup to all demo trading account and virtual funds. As for high frequency trading (HFT) with an EA, FTMO does not specifically prohibit this type of trading, but they do have some restrictions on the use of EAs. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. Tradeable assets include Forex, cryptos, commodities, I once gave a 1-star rating because I misunderstood something and Ftmo explained it to me straight away and gave me a detailed answer about my problem. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. You need to study for it, practice, take notes and review them, learn with friends if you can and only try to take the test when you absolutely feel like you're ready. FTMO is legit, and I assume they have a lot of very successful traders. In a weird way, when I treat my FTMO accounts and personal account (connected with social trader tools) like demo accounts, I stop caring so much that it messes me up. so let me clear things up: your trades never get placed in a real market. One big difference is that ACG has a lower 8% Phase 1 goal for its prop business challenges, which makes it easier for traders to pass. Despite this, FTMO’s premium services and large community provide solid support for traders looking to excel. FTMO's Premium Program rewards successful traders with two tiers offering increasing benefits: Prime Status: More Money, More Profit: Increased maximum capital allowance (up to $600k) and a higher profit split (90% to you). Commissions/spreads are low and competitive. The potential for account growth is however capped which is a huge negative for me. Welcome to FTMO's Premium Programme, where elite traders gain access to exceptional benefits and rewards. Many traders also point out the quick and reliable FTMO payouts. No issues. FTMO only lets you trade CFDs, which is illegal in the U. The platform offers access to various assets, including forex, stocks, and cryptocurrencies, making it suitable for investors with different strategies. So, I’m looking for insight on Top Tier Trader and Thinkmarkets broker. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. Hey guys. INVESTING . com, a trading forum run by professional traders. 10%/month like FTMO is not realistic imo. A new prop firm could go bankrupt if their model is not bulletproof. Savings are hard to come by because FTMO doesn't give them out very often. This simply shows that ftmo cares about its customers, so that customers ultimately feel comfortable and satisfied. So lets do simple maths. Searching for it online is a waste of time. -Share FUNNY Trading Apr 28, 2024 路 FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. 5% with the 5%ers, all due to the spreads. so pretty much same amount. Do your research but so far, my experience with MFF has been great. FTMO Prop Firm Review Comment Your Review Below FTMO Link On my 25k FTMO Challenge it says the max daily loss is exceeded today but it never actually did, i never did at any point go into drawdown above $1,250, i had stop losses set for every trade and today i only lost $698. Don't just chase the big profit targets just because you want freedom. that means 100K x 30 = 3m to trade with. Sep 27, 2024 路 With features like an FTMO Challenge, Performance Coaches or Premium Programme, it’s designed for traders aiming to sharpen their skills. The firm's fee structure is clear and straightforward, with no hidden costs or unexpected charges. The issue here is that you see all the 'success' stories and no failure stories. Here are testimonials of our traders. r/Daytrading • I just crossed + $375,000 in profits after 18 months of full time day trading. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. attkeep bkew ycst xgrv gjvlgh jqon qfm ezdi aahkv kchfs