Ftmo reddit review. If they fail, you are still out FTMO's challenge fee.

Ftmo reddit review They offer traders the opportunity to trade with capital ranging from $10,000 to $200,000, with leverage up to 1:100, and a profit retention rate of 80-90%. Considering how low the pass rates are for the challenges and then getting a record payout makes me think he is legit. 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. to be fair, they are cheaper than FTMO and they allow trading during news events that's why i tried it out (i believe FTMO doesnt allow it once you are fully funded even for non-swing account) Nov 22, 2024 · In this section, we will briefly analyze FTMO reviews on online forums like Trustpilot and Reddit. Unfortunately, I can’t test all the prop firms all at once, however I’d really appreciate it if you help the PropFirmTester community out by sharing your thoughts, either positive or negative. professionalism ,longevity of FTMO. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Unfortunately, many are not quite right and many are misleading. 377K subscribers in the Forex community. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. Sorry OP but that's a dumb question. I know it's new and I normally use mt4 in conjunction with the… However I’m not sure if FXify or FTMO is better; here’s a breakdown: For the same 200k account, no time limit, 90/10 split, monthly payout - FTMO: cost $1387 90/10 split not available at the start first payout is some time after passing (not on demand) along with only 100% refundable challenge fee FTMO - Normal Swing Account Customer Support: N/A - Not had to use at all. FTMO only lets you trade CFDs, which is illegal in the U. there are 50 prop firms operating as of now , but no firm can match track record . Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. Hey guys, shaemless plug but heres an honest review! Especially coming from having tried multiple prop firms such as Myforexfunds and 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. The max daily loss is the thing you need to watch out for. You have to be profitable to be able to make money on their Additionally, you need close any open positions on the pair it'll effect . I have downloaded the cTrader from the FTMO website and I tried to login with the login credentials from my FTMO account but it failed. 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. 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. so pretty much same amount. But Lambo Raul has made a record for the highest payout from FTMO. Reviews and what people say about them in the social media look good. I got slipped 4. Here, you'll find transparent reviews, insightful strategies, and regular updates on reliable, profitable EAs. -Share FUNNY Trading 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. Spreads are ok but i trade small lots so. 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. Do your research but so far, my experience with MFF has been great. The real question is do YOU have a consistent and profitable method? That is the real question. I've been really impressed with FTMO's… Jun 27, 2024 · In this article, I’m going to provide an FTMO review based on my own experience as an FTMO trader. S. Welcome to FXGears. 😕 Customers from the US are no longer welcome. Here are testimonials of our traders. Searching for it online is a waste of time. com's Reddit Forex Trading Community! Here you can converse about… I've done challenges on both and I personally prefer FTMO. Even on Gold I notice there spreads can get a little high. that means 100K x 30 = 3m to trade with. The website, dashboards etc are waaaaay above other forex prop firms, looking actually pro. In a challenge at the moment with them i took 2 days ago. The issue here is that you see all the 'success' stories and no failure stories. 10%/month like FTMO is not realistic imo. 2m. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. Spreads: 10/10 Offers: 0/10 Training material: 5/10 Challenge Pricing: 8/10 Profit Split: 10/10 Scaling Plan: 9/10 Dashboard: 10/10 FTMO is a well know prop firm. I wanted to ask you how your experiences with FTMO are and how big is the account you are trading with? Short story about me: I discovered trading about 2 years ago and burned a lot of money, I'm honest. Then, I’ll demonstrate the FTMO prop firm’s value proposition and why traders go for FTMO funding. FTMO is an excellent proprietary trading firm for forex traders. I've seen a lot of FTMO Youtube videos interviewing some of their profitable traders who are making anywhere from maybe 5k - 50k profit split in a month. This is just my opinion, and the reason why I'd rather pay a little bit more for a FTMO challenge instead of going for an inexperience new prop firm run by influencer. FTMO Reviews on Trustpilot FTMO has received overwhelmingly positive feedback on Trustpilot, with a TrustScore of 4. 9 pip spread on Tokyo session is unacceptable, I get 0. If you believe this was a mistake, please kindly message the mods. If they pass, you pay. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. For now this is the end of my journey with FTMO as those who have been following my progress know I develop an algo in the MQL language. The reviews and testimonials are all 100% organic. 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. Tiny risk and good mindset is the way to win. I’ll begin the article by explaining what FTMO is and how it works (and prop firms in general). Trust the process and don’t give up. 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). wait for it if you wanna pursue it. Free Challenge: Earn a free FTMO challenge at the same size as your current account. 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. 8 out of 5 from over 13,000 reviews. FTMO doesn’t have time limit anymore, so I would decrease risk even more, risk so little that you can easily lose 20 or more trades in a row. He made 100k with FTMO in a single month, the interview is on the the FTMO YouTube channel so it's definitely not fake. FTMO Review Summary. FTMO is legit and has been around for a while. While the evaluation process is challenging, the potential rewards and tools make it worthwhile for those with solid trading strategies and risk management skills. In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. This will be the closest thing to a real account. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. The main reason is rules and laws. One problem with all of these firms is the perception of the account size so eventually--at least in the US--they may eventiually have a problem with the Federal Trade Commission (FTC). I am a bot, and this action was performed automatically. " If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. I think I read somewhere that FTMO paid out 25 million last year to traders. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. 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. Got to give it to FTMO. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). Savings are hard to come by because FTMO doesn't give them out very often. What makes their two-week account great is you can get familiar with what the spreads are with them, and how much commission they charge. so let me clear things up: your trades never get placed in a real market. There seem to be quite a few users leaving negative reviews. We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. 58 votes, 46 comments. If they fail, you are still out FTMO's challenge fee. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. FTMO has a dashboard that lists the times that the news will be released. It looks like a good option to the well-known FTMO. FTMO is legit, and I assume they have a lot of very successful traders. However, account grows much quicker than FTMO, so still better than FTMO purely on the weight of account growth Welcome to FXGears. In the end, FTMO's fees might seem like a hurdle, but they could be the key to a secure and successful funded trading journey. 2 days ago · Attention Forex Traders, I want to share my unfortunate experience with FTMO, a prop trading firm. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. 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. IMO, MFF only beats FTMO with better evaluation requirements. Take your time, bad losing streaks happen to everybody. And still, I would be way more stressed out having a drawdown period on my personal account than on a FTMO account. So lets do simple maths. Their scaling plan of 10%/4 months is more realistic. The founders want to keep FTMO headquartered in the Czech Republic. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. Check out our FTMO Review here on Reddit. 2 on FTMO. FTMO's 70/30. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. 5 days ago · FTMO Review ‍ FTMO processes millions of trades monthly and paid out $75 million in 2023, with an average payout processing time of just one day. FTMO without second thought. Took me several challenges to pass but all worth it. com, a trading forum run by professional traders. 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. Educational content as well, psychology webinars and so on. 9 stars out of 5, based on 5,535 reviews . Users appreciate FTMO’s clear rules and reliable payouts. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. The rules are better than FTMO. With FTMO, after 2 months of consistent trading you can have that capitol to trade with. A new prop firm could go bankrupt if their model is not bulletproof. In the other note I believe in every single one y’all who are trying to make a change. with FTMO you can get a practise account and test fills , spreads for 14 days. I like to swing trade in the 4 hour time frame so I’d prefer to find one that isn’t too strict about holding over the weekend or trading during news. We will review your case and get back to you. - To be with other like-minded forex traders. 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. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. 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! 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. Various reviews indicate: never pay regular price for challenges in MFF. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. In 2022, FTMO had revenues of 4 billion CZK and EBITDA profit of 1. seems like you guys have not understood how ftmo works. This Reddit post is mostly an invitation to leave your own unbiased City Traders Imperium review. Traders have shared their decent experiences with the prop trading firm. FTMO enjoys a stellar reputation on Trustpilot with a rating of 4. Aug 18, 2023 · FTMO Reviews and Ratings. 3 pips on USDJPY, no rollover no news, London session. which is more than enough to pay out the traders that do make money (90%+ loose) So to them, it is a completely risk free business. The FTMO Challenge rules and Verification process are well-documented and . Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. Trying too hard and studying too hard has diminishing returns and is counterproductive. -ftmo's business model is based on the failed challenge fees. 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. I'm a little biased though because I also trade bitcoin in addition to forex and the MFF's crypto spreads are horrendously garbage imo. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. While you're at it, read through Reddit's "reddiquette" here. 5 months per scale up. Now, my hypotesis are 3: They are really professional traders (very unlikel, maybe 1 out of 1000). You can see the thread about us on the most respected Forex review site - Forex Peace Army and see for yourself. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. They have promos every month. The potential for account growth is however capped which is a huge negative for me. Nov 22, 2024 · The FTMO Reddit reviews are also generally positive. even if it's just a simulation. Great spreads, no slippage whatsoever. So this how the first FTMO payout went. Savings: Get a 10% discount on all future FTMO purchases. FTMO has also started acquiring other trading firms like Quantlane. I can see why they're expensive and honestly they are the best in my opinion. Thanks for reading this FTMO review. The founders aim to continue improving the educational aspects of the platform. r/Daytrading • I just crossed + $375,000 in profits after 18 months of full time day trading. I’ve been looking at other prop firms like FTMO, the5%ers, and true Forex funds. TheFundedTrader community is definitely what draws me to this one, the staff are friendly and engaging and the discord community too. As the title reads, I'm trying to get any feedback from anyone who's used it yet. See full list on modestmoney. This is a testament to their exceptional service and trustworthiness in the forex trading community. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. FTMO official response: Hi there folks, thanks for your comments. Took me an average of 1. It's way quicker than building up your personal account from 150 to 10k. 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. 8 billion CZK. Date of experience: December 12, 2024. as long as you don't resort to shady practises and align your trading style with them , you are good to go. Let's collectively grow and elevate our Forex experience while ensuring respect and integrity in our community. Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. So I've been a funded trader with FTMO, which obviously means I've passed phase 1 and 2 of their challenge. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. Ftmo is a scam I know FTMO offers a free 2-week demo challenge account to practice on. com FTMO is a reputable choice for experienced traders looking to trade with a prop firm. Ok i meant $5k max daily loss. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. 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. 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. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. 0. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. uyary cplaso cdb nuya sdzzw zqjkmr end cpd klzy bpipo