Ftmo review reddit. - To be with other like-minded forex traders.
Ftmo review reddit 9 stars out of 5, based on 5,535 reviews . What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. In a challenge at the moment with them i took 2 days ago. A new prop firm could go bankrupt if their model is not bulletproof. If you watch some ftmo interviews on YouTube you will easily notice how little experienced are some of the guests. The main reason is rules and laws. Trying too hard and studying too hard has diminishing returns and is counterproductive. 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. Some like corn are almost too ridiculously easy to predict and play with very low risk. Posted by u/the_real_new_guy - 1 vote and 11 comments When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. 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. Educational content as well, psychology webinars and so on. Took me several challenges to pass but all worth it. TheFundedTrader community is definitely what draws me to this one, the staff are friendly and engaging and the discord community too. FTMO does have some downsides though the biggest being the news restrictions. 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. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. so pretty much same amount. Traders have shared their decent experiences with the prop trading firm. even if it's just a simulation. Trust the process and don’t give up. We also take a closer look at the evaluation process, trading Savings are hard to come by because FTMO doesn't give them out very often. 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. The real question is do YOU have a consistent and profitable method? That is the real question. Long story short, I want to aim for a €40,000 challenge next year and wanted to ask you what your experiences are with FTMO and what you can possibly give me tips along the way. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. 2m. 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%. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. Got to give it to FTMO. com, a trading forum run by professional traders. Thanks for reading this FTMO review. 58 votes, 46 comments. 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. The founders want to keep FTMO headquartered in the Czech Republic. 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 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. I also read some reviews on TrustPilot and it seems like the Daily drawdown is one of the main reasons why traders fail the FTMO challenge. 8 billion CZK. If they fail, you are still out FTMO's challenge fee. 5 months per scale up. I know FTMO offers a free 2-week demo challenge account to practice on. FTMO - Normal Swing Account Customer Support: N/A - Not had to use at all. 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. 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. I've been really impressed with FTMO's… Feb 8, 2024 路 This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. that means 100K x 30 = 3m to trade with. 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 I've done challenges on both and I personally prefer FTMO. Various reviews indicate: I’ve been looking at other prop firms like FTMO, the5%ers, and true Forex funds. The issue here is that you see all the 'success' stories and no failure stories. 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. professionalism ,longevity of FTMO. "At FTMO - daily draw downs are equal to losses. FTMO Review Summary. I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. wait for it if you wanna pursue it. USE FTMO Aug 18, 2023 路 FTMO Reviews and Ratings. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Its profit split structure starts at 80% and transitions to 100% profits quicker than Bootcamp, and the additional monthly salary is a unique incentive. Do your research but so far, my experience with MFF has been great. FTMO enjoys a stellar reputation on Trustpilot with a rating of 4. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. FTMO has also started acquiring other trading firms like Quantlane. Sorry OP but that's a dumb question. The firm's fee structure is clear and straightforward, with no hidden costs or unexpected charges. 377K subscribers in the Forex community. FTMO has a dashboard that lists the times that the news will be released. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. - To be with other like-minded forex traders. I wish people would give honest reviews instead of peddling. FTMO's 70/30. I think I read somewhere that FTMO paid out 25 million last year to traders. The website, dashboards etc are waaaaay above other forex prop firms, looking actually pro. with FTMO you can get a practise account and test fills , spreads for 14 days. Date of experience: December 12, 2024. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. It looks like a good option to the well-known FTMO. there are 50 prop firms operating as of now , but no firm can match track record . Hey guys, shaemless plug but heres an honest review! Especially coming from having tried multiple prop firms such as Myforexfunds and FTMO. Searching for it online is a waste of time. So lets do simple maths. So this how the first FTMO payout went. Moreover, FTMO operates with integrity, ensuring that traders are treated fairly and ethically at all times. Ftmo is a scam never pay regular price for challenges in MFF. The subreddit has not kicked you out or gone private. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. While the evaluation process is challenging, the potential rewards and tools make it worthwhile for those with solid trading strategies and risk management skills. 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. Check out our FTMO Review here on Reddit. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. With FTMO, after 2 months of consistent trading you can have that capitol to trade with. Reviews and what people say about them in the social media look good. I hate that FTMO doesn't integrate with TradingView and wish they had more futures to trade. You can see the thread about us on the most respected Forex review site - Forex Peace Army and see for yourself. Most people only lose the challenge because of too much risk and therefore the mindset takes a hit. 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. 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. -ftmo's business model is based on the failed challenge fees. 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. 5 days ago 路 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. The FTMO Challenge rules and Verification process are well-documented and 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. seems like you guys have not understood how ftmo works. This will be the closest thing to a real account. IMO, MFF only beats FTMO with better evaluation requirements. Additionally, you need close any open positions on the pair it'll effect . 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. Ok i meant $5k max daily loss. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. as long as you don't resort to shady practises and align your trading style with them , you are good to go. This subreddit is dedicated to discussion of the techniques, difficulties and joys of creating, applying and evaluating elearning of all types. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. FTMO is legit and has been around for a while. It has been recognized as the Technology Fast 50 Winner by Deloitte consecutively for the past four years, underscoring its rapid growth and innovative contributions to the sector. 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. to be fair, ok over-leveraging. Even on Gold I notice there spreads can get a little high. S. com Nov 22, 2024 路 The FTMO Reddit reviews are also generally positive. Great spreads, no… 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. 馃槙 Customers from the US are no longer welcome. FTMO actually gives you $100,000 to trade with. FTMO is legit, and I assume they have a lot of very successful traders. 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. 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) 2 days ago 路 Attention Forex Traders, I want to share my unfortunate experience with FTMO, a prop trading firm. The max daily loss is the thing you need to watch out for. Uhum. 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. Now, my hypotesis are 3: They are really professional traders (very unlikel, maybe 1 out of 1000). Spreads are ok but i trade small lots so. If they pass, you pay. And still, I would be way more stressed out having a drawdown period on my personal account than on a FTMO account. Unfortunately, many are not quite right and many are misleading. See full list on modestmoney. Savings: Get a 10% discount on all future FTMO purchases. FTMO only lets you trade CFDs, which is illegal in the U. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. However, account grows much quicker than FTMO, so still better than FTMO purely on the weight of account growth The rules are better than FTMO. 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). FTMO is a reputable choice for experienced traders looking to trade with a prop firm. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. 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 Review 2024 FTMO is a prominent Forex proprietary trading firm based in the Czech Republic, renowned for its significant achievements and broad global reach. In 2022, FTMO had revenues of 4 billion CZK and EBITDA profit of 1. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). so let me clear things up: your trades never get placed in a real market. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Users appreciate FTMO’s clear rules and reliable payouts. FTMO is an excellent proprietary trading firm for forex traders. You have to be profitable to be able to make money on their Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. The potential for account growth is however capped which is a huge negative for me. Tiny risk and good mindset is the way to win. There seem to be quite a few users leaving negative reviews. So in my case, I reached a draw down exceeding 5%, but never an 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. The r/GolfClash subreddit is dark from June 12th-14th in support of the Reddit Blackout Protest. You can't open or close a position on certain pairs 2 minutes before or after a news release comes out that effects those pairs. So I've been a funded trader with FTMO, which obviously means I've passed phase 1 and 2 of their challenge. They have promos every month. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. FTMO developed a unique 2-step Evaluation Process for traders. 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. -Share FUNNY Trading Took me an average of 1. Take your time, bad losing streaks happen to everybody. FTMO official response: Hi there folks, thanks for your comments. The reviews and testimonials are all 100% organic. 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 without second thought. 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. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. 10%/month like FTMO is not realistic imo. Free Challenge: Earn a free FTMO challenge at the same size as your current account. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. 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). 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. The founders aim to continue improving the educational aspects of the platform. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. Reddit has made some changes in their billing for API calls that effect ALL of 3rd party developers that have alternate apps. 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. This is a testament to their exceptional service and trustworthiness in the forex trading community. 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. 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. Their scaling plan of 10%/4 months is more realistic. In the other note I believe in every single one y’all who are trying to make a change. 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. com's Reddit Forex Trading Community! Here you can converse about… One aspect that sets FTMO apart is its commitment to transparency and fairness. Utilize the Golf Clash Discord for questions and chatter. 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. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. FTMO really doesn't like it when you risk a lot. Welcome to FXGears. " 13 votes, 60 comments. It's way quicker than building up your personal account from 150 to 10k. . udux ymbfyol qtttqij jnij xexogj agwh jsihqt mmrw ibmfs wumyexr