Ftmo review reddit Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). as long as you don't resort to shady practises and align your trading style with them , you are good to go. 8 billion CZK. FTMO official response: Hi there folks, thanks for your comments. even if it's just a simulation. Welcome to FXGears. Took me several challenges to pass but all worth it. Ok i meant $5k max daily loss. The real question is do YOU have a consistent and profitable method? That is the real question. A new prop firm could go bankrupt if their model is not bulletproof. Their scaling plan of 10%/4 months is more realistic. Additionally, you need close any open positions on the pair it'll effect . We also take a closer look at the evaluation process, trading Nov 22, 2024 · The FTMO Reddit reviews are also generally positive. In 2022, FTMO had revenues of 4 billion CZK and EBITDA profit of 1. Unfortunately, many are not quite right and many are misleading. Its profit split structure starts at 80% and transitions to 100% profits quicker than Bootcamp, and the additional monthly salary is a unique incentive. FTMO without second thought. However, account grows much quicker than FTMO, so still better than FTMO purely on the weight of account growth 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. there are 50 prop firms operating as of now , but no firm can match track record . that means 100K x 30 = 3m to trade with. See full list on modestmoney. 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). Check out our FTMO Review here on Reddit. 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. If they fail, you are still out FTMO's challenge fee. 😕 Customers from the US are no longer welcome. This will be the closest thing to a real account. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. 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. So to them, it is a completely risk free business. While the evaluation process is challenging, the potential rewards and tools make it worthwhile for those with solid trading strategies and risk management skills. Date of experience: December 12, 2024. 5 months per scale up. 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. FTMO has a dashboard that lists the times that the news will be released. The founders aim to continue improving the educational aspects of the platform. Hey guys, shaemless plug but heres an honest review! Especially coming from having tried multiple prop firms such as Myforexfunds and FTMO. 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. The issue here is that you see all the 'success' stories and no failure stories. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. 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. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. The reviews and testimonials are all 100% organic. I know FTMO offers a free 2-week demo challenge account to practice on. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. TheFundedTrader community is definitely what draws me to this one, the staff are friendly and engaging and the discord community too. FTMO is legit and has been around for a while. 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. Traders have shared their decent experiences with the prop trading firm. Searching for it online is a waste of time. professionalism ,longevity of FTMO. which is more than enough to pay out the traders that do make money (90%+ loose) 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. Sorry OP but that's a dumb question. - To be with other like-minded forex traders. with FTMO you can get a practise account and test fills , spreads for 14 days. com, a trading forum run by professional traders. The founders want to keep FTMO headquartered in the Czech Republic. so let me clear things up: your trades never get placed in a real market. Do your research but so far, my experience with MFF has been great. 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 legit, and I assume they have a lot of very successful traders. I've been really impressed with FTMO's… Feb 8, 2024 · This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. The rules are better than FTMO. 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. 2m. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. 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. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Thanks for reading this FTMO review. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. seems like you guys have not understood how ftmo works. Users appreciate FTMO’s clear rules and reliable payouts. FTMO's 70/30. 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's business model is based on the failed challenge fees. com FTMO is a reputable choice for experienced traders looking to trade with a prop firm. . And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. FTMO has also started acquiring other trading firms like Quantlane. -Share FUNNY Trading Took me an average of 1. It's way quicker than building up your personal account from 150 to 10k. If they pass, you pay. Free Challenge: Earn a free FTMO challenge at the same size as your current account. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. There seem to be quite a few users leaving negative reviews. 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. 10%/month like FTMO is not realistic imo. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. The main reason is rules and laws. FTMO only lets you trade CFDs, which is illegal in the U. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. You can see the thread about us on the most respected Forex review site - Forex Peace Army and see for yourself. Savings: Get a 10% discount on all future FTMO purchases. so pretty much same amount. 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. And still, I would be way more stressed out having a drawdown period on my personal account than on a FTMO account. S. It looks like a good option to the well-known FTMO. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. 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. So lets do simple maths. The potential for account growth is however capped which is a huge negative for me. With FTMO, after 2 months of consistent trading you can have that capitol to trade with. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. tkp zjypr rtyrj velo dbonw opcl ohbcybmu jvt pux mgjwzx