Is ftmo regulated reddit Hey guys - I’m in the US and having trouble finding a solid regulated broker. See full list on mdfinancialskills. Since FTMO is now gone and that’s what I was planning to use, which other prop firm(USA) is legit? I know how they work and I… You don't get his logic, because you apply the same rules to a private account. 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. Can't go wrong with FTMO. As with every other aspect of financial regulation, it is most likely going to remain unregulated until a firm does a serious fuck up and then regulation will be introduced. 5k well honestly, if it happened with FTMO, Funding pips, etc. FTMO official response: Hi there folks, thanks for your comments. FTMO is by far the most popular firm and they had to turn US clients away, I haven't purchased any challenges from any prop firm since the news came out for FTMO, it was a sign to save your money. 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. with FTMO you can get a practise account and test fills , spreads for 14 days. FTMO wants you to earn 10% in one month, followed by 5% in two months, and you're eligible for a retry if you end the challenge in profit. com, a trading forum run by professional traders. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. 5ers allows you to trade news. Scouting programs (or prop firms) don’t need to be regulated, but they are also not doing anything illegal. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. 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. They're probably manipulating spreads, slippage & swap. 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. etc. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. Commissions/spreads are low and competitive. 10% of 1000 = 100 10% of 10000 = 1000 70/30 = 700 and 50/50 = 500 10 of 100000= 10,000 70/30 = 7000 and 50/50 = 5000 ftmo is the only one real here. FTMO is legit and has been around for a while. We don't have the greatest choices here stateside compared to those living in Europe. that means 100K x 30 = 3m to trade with. 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. Their trade conditions are never sketchy or unstable. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. No issues. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. The firm must comply with these organizations’ rigorous standards to operate legally in the US, which can be both costly and complex. 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. FTMO Evaluation Global s. (I trade forex - XAUUSD). Bro get on the Internet please, or go to a library and learn culture and history and just start trying to be human cuz idk wtf why it's so hard for you to learn how to use a search engine and learn about late 1800s and early 1900s American history, specifically African-American folklore of the time and low-income families that influenced children's decisions to become hobos. 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. professionalism ,longevity of FTMO. This is where the real fear had started to set in for traders in the USA. 20 votes, 56 comments. I am currently in seed stage with Axi group things look promising but I want to know if there are others out there Please help Always payout, every time. The reviews and testimonials are all 100% organic. . there are 50 prop firms operating as of now , but no firm can match track record . but many of these firms operate on scams. Same here. Also live account cant buy you a peace of mind since anybody would rather lose their funded account than blow their live account worth of $3. FTMO, the gold standard for retail prop firms, had announced that they would no longer begin to accept US customers. You can lose 10% on FTMO with 10% target, so you have to double your account. Unfortunately, many are not quite right and many are misleading. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. Took me several challenges to pass but all worth it. Do your research but so far, my experience with MFF has been great. 5ers gives you 6 months to reach a 6% profit target in order to get the account, and you're eligible for an extra two months if you end the 6 months in profit. Please note that your status (Natural Person, Legal Entity) will be based on the option you selected during your first order purchase, depending on Any suggestions of a legit regulated firm that will fund me and also offer MT4 as platform for trading? I understand if I have to pay insurance for evaluation etc. A lot of the recommended/good regulated… I don’t think it’s about MFF or any prop firm getting regulated. 1600$ 5. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. org Mar 15, 2024 · Discover if FTMO is regulated and learn about their compliance and oversight status in the trading industry with our insightful analysis. Effective 04 May 2023, due to our business decision based on operational considerations, FTMO stops accepting new clients in the US states of Delaware, Louisiana, South Carolina, Montana, and Arkansas. FTMO without second thought. 400$ 3. then that just means all prop firms who accept us clients currently, will soon follow suit. o. So lets do simple maths. No "gotcha" moments or stupid fine print rules. /FTMO Evaluation US s. 2m. FTMO’s regulatory challenges mainly stem from the Commodities Futures Trading Commission (CFTC) rules and National Futures Association (NFA) oversight. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. 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 is easily one of the most reputable prop firms and they were essentially synonymous with the retail prop space. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. It looks like a good option to the well-known FTMO. FTMO Challenges started before this date and active FTMO Accounts are not affected by this decision, however, new orders are not available. FTMO does not. Mar 4, 2024 · Is FTMO regulated by governments? Since FTMO does not work as a broker, it is not regulated. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. Unless your strategy has a high number of trades appearing every day/ week with high win rate, its going to take long time to get to 7%. If you're trading with a propfirm that has it's own broker ex: MFF -> TGG, FTMO -> FTMO, AFG -> AFG etc. If the prop firm uses a third party, regulated broker like Eightcap, BBMarket, etc. Sounds like MFF broke some rules and were not operating properly as a prop firm. FTMO or any Forex funded account for that matter, is not worth your time and doesn’t make you any money in long-term. all these “prop firms” are just copies of ftmo, they start it, never had a bit of any problem, everything on place and longest living in market, also why they more expensive than any other, cause its certainty and u paying for that Rest of them living from your fees for challenges Its even lower than what regulated brokers provide to retail traders (1:20 - 1:50). It isn’t. However, continuing to give FTMO 10% of my profits and more importantly the data they collect over time with all my trades is reason enough for me to move on. I still think FTMO is a great short term idea. Risk of regulated or non regulated broker Value of leverage Profitability of profit split If the assessment works for you then go for it , if not then dont. You will never have worry about a "MyForexFunds" moment w/ FTMO. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. 800$ 4. FTMO is demo account and just a trading tournament with a winning edge for the company. 256/2004 Coll. Welcome to FXGears. as long as you don't resort to shady practises and align your trading style with them , you are good to go. does not provide any of the investment services listed in the Capital Market Undertakings Act No. so pretty much same amount. r. The rules are better than FTMO. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. This company uses a two-step evaluation process that has a relatively low pass rate. 3200$ The spreads with FTMO are insanely small and no regulated US brokers come close to them. I keep telling people this, but I sometimes think FTMO is THE most legit prop firm out there. klft teo ncq llpdvivi qzrwqz lpwu bdts pkzzhsm qubm dkyo