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Is ftmo legit reddit He made 100k with FTMO in a single month, the interview is on the the FTMO YouTube channel so it's definitely not fake. This will be the closest thing to a real account. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. Thats crazy and i didnt include commission. FTMO has a dashboard that lists the times that the news will be released. these prop firms are legit! Sure they make mistakes but once they realise they usually always fix it. Personally I have an account on The Funded Trader and I'm currently in a challenge, those 3 companies are very reliable I'd say and they all have unlimited trading days now which makes them even better. Ive been with them for 2 years. Doesn’t mean he’s any good, but he did make money at one point from trading for sure. Additionally, you need close any open positions on the pair it'll effect . My main big question is , why has it been so hard for some one to come up with a legit company who actually has big capital , has people go through a audition in real demo accounts and if people pass , have them trade with there capital and make percentage off profitable traders ? A prop firm that’s legit would have no problem with the pay out. The max daily loss is the thing you need to watch out for. Hi, funded trader here with FTMO. Trying too hard and studying too hard has diminishing returns and is counterproductive. 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. Once funded you trade and make profit on an account and have $0 risk. does anyone have knowledge about it FTMO, MFF, TFF, TFT are all legit and pay out when you pass their challenges. Who else have you tried? I've heard of FTMO and MyForexFunds from other people and of dozens of others online (TopStep, SurgeTrader, FundedNext, etc. Do they promise anything that they don't deliver? No, therefore by definition they are not a scam. Could you help us with your clone account size? And i really curious if you scale it up to >1-2M$, will FTMO do something with you? Thanks a lot for your answer. after i close all positions in loss the account matrix tell me i have about 200usd left max daily loss. firstly i already pass the 10% challange and 5% verification,,on 14 july i make about 660usd thats mean i have max daily los is 5600usd. 5ers and ftmo welcome consistently profitable traders. 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. Apr 28, 2024 · You might be wondering if FTMO is legit or not. To be honest. It's ridiculous people are calling prop firms a scam. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. I've made 4 withdrawals since May. They passed my 2 phase FTMO challenge with flying colours, and for free. S. Also Im not saying ftmo did some shady shit but my account indeed was hacked, but i didnt place those BTC trades i was sleep at the time. After a few days doing the FTMO trial, going pretty well with consistency increasing each day. Check out the sidebar for intro guides. Let me guess, you don't have a backtested working strategy, can't manage your risk, you're overleveraging, can't handle your emotions, you're bitter and blaming FTMO/others for it. I looked over the new features today and they seem like a legit way of pushing traders to look more toward the longterm since you have a pretty good track record to qualify. So this how the first FTMO payout went. 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 understand the business model but I’m wondering if there’s anybody on here that’s funded 50-100k and has received payouts? I've been looking into ftmo I have seen people take the challenge , but I have yet to see anyone post about taking profit. I could of course trade a $5k account but FTMO gives you a $50k account for 345 Euros which sounds better to me - just not sure if they're legit. If you go down this road, be extremely disciplined. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. It sounds simple but please don’t underestimate it. When you are able to trade with your style, in the demo account, for couple of months, then you know you can find your own account or take ftmo challenge with higher probability of passing FTMO is legit. 2 on FTMO. 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. I think so, but not all of them, people say why wouldn't they do it themselves, lest they forget max amount you can have is 400k on ftmo for example, so if he can consistently make profit on his/her own, they can do it on other accounts, and if they manage it after the challenge, take a % of what they make on the account, if they lose the challenge, they may only refund the service fee or Always payout, every time. I recommend FTMO, MFF and TFT. Why pay them for this practice phase. 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 think The5ers and FTMO are the likely the most trusted sources. EVEN IF they can pass an FTMO challenge and provide you a funded account, YOU STILL NEED TO BE ABLE TO TRADE SUCCESSFULLY TO DO ANYTHING WITH THAT ACCOUNT. ). 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 have no time to mess with that as I am running 300k with FTMO. If you are really want to go for Funding talent then you should research it in detail. If it weren’t for prop firms, I would not have ever saved enough to even trade my own money in the first place, and it’s made my life 100 times more enjoyable now that I am more financially free due to prop firm giving me the boost I needed. Many are claiming FTMO is safe due to how long they've been around. It's still not exactly known what is going on, if its MFF specific or not. Accused of using an EA. 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k -20%). Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. FTMO and the likes are a lot more established but also stricter and more expensive, while newer props often offer crazy low eval fees and less stringent rules. Eh let's not exaggerate, there might have been underground and unheard cases in which some kind of manipulation has occurred. The scam ones may pay out small amounts, but will make up every excuse on the book not to pay you big pay outs. I emailed them twice and never got a response. I've been with them for awhile and ALWAYS received my profit split! Fuck those Insta-fake traders. If you pass it, you get funded. especially if they give you 100k to control, it would be enough to make 20% a year for me, because i 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 get my payouts every time and have never had a problem. A new prop firm could go bankrupt if their model is not bulletproof. Commissions/spreads are low and competitive. Banned from the discord as well so he couldn't talk. It’s not a scam, but the Challenge and Verification weeds out a lot of bad traders. I got slipped 4. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. I have been trading with ftmo for years and they are solid. I am not funded with them and only know about the interview from Reddit. If you can't pass the FTMO challenge and require someone else to do it for you, then how do you ever expect to be profitable once you actually get a real account? 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. Hey guys, Currently I'm doing the FTMO challenge and I got to the profit target. They have a solid platform that helps you to pass the challenge. It is totally up to you whether which platform you choose. 14%. So he did get like around 100k from that. If you want easier challenges and bigger chance to make actual money check FTMO, MyForexFunds or any other based on metatrader Welcome to FXGears. Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. We examine the reliability of FTMO Broker in this FTMO review, offering insightful analysis and essential data to support your decision-making about investments. That your friend passed the test (as was confirmed by FTMO I assume), proves that it is not a scam. When you are funded, if I make $1K for example, I keep $700 and they take $300. 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. Is FTMO legit? Questions I’ve been consistently profitable for some time now but the lack of capital is holding me back, I’m thinking about going for the ftmo challenge but hesitant after hearing about prop firm scams Are there any issues you guys have faced with them? I keep thinking I need to try some prop firm trading or funded trading and have came across Funded trading Plus, I really like the "Master Trader Program", basically once your initial deposit is gone your out, I really like that concept and really want to give it a try but am a little sketched out if the company is legit or not or isn't going to do something to scam me out of my money (I had Took me an average of 1. The real question is do YOU have a consistent and profitable method? That is the real question. Same here. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. Ftmo has extremely bad slippage. I think TFT and TFF are probably good too… Remember that most ‘traders’ who attempt prop challenges have no business doing so, so there are a lot of disgruntled customers out there who lost their accounts due to their own personal shortcomings. After all, there are many scams and frauds in the trading industry that promise unrealistic returns or charge hidden fees. 9 out of 5 stars. They have a discord server that connect us together, they release giveaway so frequently ,Best drawdown-profit ratios, Multiple types of challenges for different trader styles, direct contact with the CEO and staff Legit payouts, $10mil+ already Ftmo is a scam Passing the challenge is easy with a bit of luck but 99% of those who pass the challenge can’t manage to keep the account for more than a month since they would break the rules because they simply don’t know how to trade. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. The issue here is that you see all the 'success' stories and no failure stories. com, a trading forum run by professional traders. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. Apr 8, 2024 · Customer reviews on platforms like Trustpilot showcase FTMO’s credibility, with an average rating of 4. The rules are better than FTMO. FTMO is also one of the more relaxed in terms of restrictions so if you're struggling to get past that then you're either going to have to alter your trading style to be a day trader or retail prop firms may not be for you. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. FTMO is demo account and just a trading tournament with a winning edge for the company. 8 with mostly positive reviews but for some… Try trading with same rules as FTMO, viz, you tracking yourself if all trades were compliant had you been on FTMO. Trust the process and don’t give up. I can say FTMO is totally legit. Not saying they are a scam (cannot verify that, i have to believe people who have friends that are funded lol), i say they clearly marketing with youtubers new account that are made from scratch and have only videos of their FTMO challenge journey and guess what. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. There are others too. ⚠️ Caution: True Forex Funds is not what it seems! ⚠️ This company has been exposed as a potential scam, blocking users just before they receive their live payment. 1% and closed in profit, i check my account in the morning and it shows daily drawdown breached and shows -5. They know he's legitimate, but they don't care. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. Using newer prop firms is like taking a larger risk with the prop potentially rugging but hoping for better prices/rules overall. It's essential to be aware that many prop firms only want losing traders, and when someone starts making a profit, they're quick to block them. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I also traded for earn2trade, they are also legit and they paid me very fast. 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 only people complaining about it on YouTube are the guys who failed during the challenge/evaluation period. This is why I recently have been focused Welcome to FXGears. with FTMO you can get a practise account and test fills , spreads for 14 days. o Reddit. Is it all legit? I want to give it a shot… FTMO is legit but definitely avoid non reputable too good to be true prop firms and look at the broker they use too…that doesn’t mean I haven’t ‘wasted’ literally thousands upon thousands on challenges with ftmo. I follow a guy called Laid Back who has a half million followers and he's the biggest phony ever. 8% target with 12% max drawdown, compared to 10-10 with ftmo. You might also want to check out Sabiotrade, they offer more flexibility for swing traders I've been seeing more and more comments and posts about this recently, and I wanted to start a discussion about it. FTMO Scam !!!! Prop Firms So basically i bought a 100k account and went down 4. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. Bid ask sits basically at the same line on 1m Especially when compared to ECN raw brokers, ftmo, CMC markets, Vantage, IG markets, ect. If I keep consistent until the end of the trial, should I try the real deal? True Forex Funds might be not bad if their rules align with your trading style, but definitely do more research to ensure they're legit. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. professionalism ,longevity of FTMO. I don't know what secret EA is making that kind of money. I just hate their scaling plan. and International, Federal, State, or local. 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. A €400 traded suddenly became a €470 trade lol. My offer for you guys who wonder if they're legit or not is that I accept to pay again the challenge and pass it. Their scaling plan of 10%/4 months is more realistic. cmon They are totally suspicious I've even seen a Who has some payout proof like, I feel like some of the payout proof looks not really that legit. I want to know if there are users here who trade with them and your thoughts on their legitimacy (payouts etc) FTMO without second thought. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Go with FTMO and The5ers, which are legit and trustworthy currently. FTMO or any Forex funded account for that matter, is not worth your time and doesn’t make you any money in long-term. 5k Get the Reddit app Scan this QR code to download the app now I have one with FTMO but just want to know if there are other legit ones that’s lower in pricing Find out the truth about FTMO Broker and the indisputable facts. Get the Reddit app Scan this QR code to download the app now When I was trading cfd about 2 years ago I chose FTMO, the company are legit they pay what they If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Secondly, is the suspicion of our reviews be a relevant reason to flag us as a scam? Scam can be someone who operates fraudulently or engages in dishonest practices. I think it's worth it. What I personally consider a minimum account needed (with proper risk management) is $50,000. Can't go wrong with FTMO. I’ve been trading for about 2 years and have yet to make a consistent profit. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. and 7 minutes they update they say i violated the rules. I used FTMO in the past and they are legit, I was able to withdraw and everything but I had to change my strategy and it doesn't work with FTMO's parameters. There's a reason we never recommended and actively shunned MFF. Most people tend to still take the initial capital before entering the trades (let's say 25. I would focus on prop firms that have been around for a I've heard the even FTMO some give you legit funds after passing and only pay you with failed challenges. FTMO isnt a scam. On the other hand, I don't believe a company like FTMO works together with companies like that. Most of these gurus are pump and dump artists and everyone who follows them know ls that, they all just have the perception that they're in on the scam. I have read the reviews on trust pilot and it's 4. 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. I'm a swing trader looking for a funded challenge, FTMO seems the most legit, but I'm not too sure if it's appropriate for swing traders? I hold trades generally for 2-3 days (average 1-2 trades per week), and I've been consistently profitable for a while now (small live account). took two+ years to be vindicated on that, but for the ones not tricked by a cheap price FTMO is legit. but this time I publish regularly all the ongoings, If they do it again (stopping out someone who is in profit) you will all be witnesses if they are a scam or not. we're just providing our services to some foreign company and they're paying us. But how attractive their service is depends of course on how much they charge and how fast they can pass it). I was suspicious when using them because why would anyone offer to pass it for free but they said they make money from the backend when they manage the live account for 30% of payouts so when I got my live account after they passed it, I let them manage it for 30% and it's pretty much passive earnings so it makes sense As promised yesterday, I applied for a paid challenge to publicly assess the FTMO challenge and resolve once for all all questions about legit or not… The whole thing seems legit, hard for a beginner to pass, yes, but I can't find any reason to doubt them tbh. After reading numerous reviews and learning about their business model, I can't see how anyone could not think it's a kind of trading pyramid scheme/pseudo-scam that ultimately roped you in and juices you until you just give up eventually or "fail" out because of their requirements. The best place on Reddit for admissions advice. 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. One thing that I didn't/don't like was being in a trade around 6-7:30 AM PST. 9 pip spread on Tokyo session is unacceptable, I get 0. In the other note I believe in every single one y’all who are trying to make a change. Proprietary trading firms utilize simulated markets to train or evaluate traders. Got to give it to FTMO. As the last in this scam alert selection, we will highlight courses and robots specially prepared to complete the FTMO Challenge. The IRS is experiencing significant and extended delays in processing - everything. Success with FTMO requires dedication, discipline, and a well-tested trading strategy, as it is not a get-rich-quick scheme. G. You will never have worry about a "MyForexFunds" moment w/ FTMO. The last one isn’t a prop firm but has a lot of long term potential. Considering how low the pass rates are for the challenges and then getting a record payout makes me think he is legit. 7 - 1 pip is pretty much zero spread. But Lambo Raul has made a record for the highest payout from FTMO. The difference between FTMO Account and FTMO Account Swing is that, in the second one, you can trade through news and hold trades over weekends. That being said, I was incredibly surprised when I heard this story because the5ers (alongside with FTMO, MFF, FT+) is Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog I do my rectification. 31 votes, 72 comments. FTMO is legit, and I assume they have a lot of very successful traders. It’s not so much that they don’t realise it’s a scam, it’s that they’re not particularly tuned into the real-world outcome in the first place. Another point to note is that trading with own money is always better and profitable in long term. so does anyone know if trading forex with their capital is legal for an Indian citizen and we're not violating any fema or rbi rules . FTMO is 100% legit. They are highly trusted. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. To be fair, that lamboraul dude did trade for FTMO and you can find his video on FTMO’s YouTube. L Mar 20, 2023 · As a result, traders worldwide are asking the crucial question: “Is FTMO legit?” In this article, we will delve into the company’s background, its evaluation process, profit-sharing structure, and customer support to determine whether FTMO is a legitimate opportunity for skilled traders seeking to capitalize on their trading prowess. Never heard of Funding talent /LMAO/. A total of $29,000,000 has been paid out to traders on the platform. In January I’ll be starting with The5ers and Darwinex Zero. Great spreads, no… The Reddit Law School Admissions Forum. That being said, it's not easy to pass, and if you fail you lose the fee. So obviously, there’s something wrong with the strategy. Don't over trade. People bitch about higher cost and FTMO being 'plain jane' without all the bells and whistles, but that's what makes them great. You have to be profitable to be able to make money on their You initially pay for a challenge account. FTMO is double the price and slightly harder but I should be able to pass that as-well just wondering if any of you guys use any or both prop firms and what you would recommend. Posted by u/[Deleted Account] - 3 votes and 29 comments This subreddit is dedicated to discussion of the techniques, difficulties and joys of creating, applying and evaluating elearning of all types. My question to everyone is what does a hacker gained from loggin in my account n placing stupid trades? Welcome to FXGears. It looks like a good option to the well-known FTMO. We are very much complying with the laws and regulations, we always abide by the T&Cs which are legally binding and we have always paid the profits to our funded traders. Welcome to FXGears. Mostly scalping. Why isn't there any proof of FTMO scamming people. Many of them have funded 5ers accounts. 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. You can meet all their goals but if you don't pass the interview, you can't get to the top. I’ve hopefully learnt something from all the pain however. Mar 4, 2024 · Is FTMO a scam or safe? The FTMO system is safe and works if you apply proper risk management consistently over time, but it is not real money, only leveraged. Does FTMO use 3rd party registered and legitimate known brokers or are they in house broker ? ! Is simple , as traders for us to choose prop firms thats the biggest red flag , i am with a prop who uses 3rd party broker ( thinkmarkets ) is nearly impossible they can manipulate the market at all so is ok to work with these props. So I've been a funded trader with FTMO, which obviously means I've passed phase 1 and 2 of their challenge. Never saw a video from someone who made it but had problems withdrawing money. So now I have my eyes on the high stakes program with 5%ers Wondering if anyone here has experience trading with & withdrawing funds (70% of profits on real account). I liked earn2trade more than topStep, I think topStep just don't care about customer anymore, they are designed to get your fees. They expect you to be a professional. as long as you don't resort to shady practises and align your trading style with them , you are good to go. The challenge is a little over the top expecting a 10% profit in a month but that's why it's a challenge lol FTMO is a good alternative for stock trading. No issues. I know FTMO offers a free 2-week demo challenge account to practice on. I still think FTMO is a great short term idea. Never even allowed to show proof he wasn't. FTMO basically, made a two-step process to check out your trading performance. i have prop firms like ftmo,mff allow traders to trade with them globally. It has been around 6 months since i got the funded account from FTMO. I like what ftmo is doing. it relates. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. What is also really interesting is that the challenges are easier to pass. FTMO is legit and has been around for a while. After these 2 I’ll be trying FTMO, but after that everything becomes more questionable. Let me know what you think… Yes The Funded Trader is better than Ftmo. 5% drawdown first day, on my second day i had 5% to play with and it went drawdown till -4. Do my statements make sense? If yes, why would anyone not go for a swing account? FTMO recently blocked new and existing US clients from purchasing new challenges or trials. We deliver a Trade on the platform and you pay only if there is a profit. there are 50 prop firms operating as of now , but no firm can match track record . Depending on where you are you could also have a look at Darwinex and DarwinexZero as they are a great alternative to FTMO Tried opening a 5lots trade on us30, price at 33745, I press Sell I get executed at 33742 despite the price not reaching that point, then price at 33712 (up 30pips in profit) I click on close while the profit shown in the moment of closure is 1500$, i check my history I see that the profit is 1350$ (no it's not the commission and yes i know Futures props still place you on SIM/demo(simulated account) it s just harder to notice because there is the visible live orderbook but your orders still dont go though a live market. But by no means is FTMO a scam (in my experience so far). None of the accounts in any of them are funded with real money or real trades, it's all paper trading. Reply reply myoco • Just open a TD or Schwab account and trade forex options if you want to get FTMO Prop Firm Review Comment Your Review Below FTMO Link ok let me tell you this,how i got my account violated how they scam me,,i have proof. The amount of money you can earn from a 5k account while following the prop firm rules is really not enough for them to manipulate and cause you to lose it. FTMO has been there to help me anytime I have had to contact support and have always been transparent. 3 pips on USDJPY, no rollover no news, London session. but many of these firms operate on scams. In FTMO, the maximum daily drawdown limit allowed on a $100K account is 5% which is $5,000. For anyone looking to safeguard their financial interests, don't miss out on this essential information. I would say on par with ftmo in terms of trust. FTMO or any Forex funded account for that matter, is not worth your time and doesn't make you any money in long-term. FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. THEY SENT A NOTICE BEFORE EVEN DOING THE SERVER CHANGE. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Sorry to everyone who got Like the market owes me right. I should add I have also passed a few times too with them. Please leave your thoughts in the comments. but who has the best-performing platform? 13 votes, 60 comments. Ftmo is a legit company, it's not a scam. No "gotcha" moments or stupid fine print rules. I want to ask if 5%er is legit . FTMO is reputable but expensive, and The5%ers have strict rules. 0. Other trades will present themselves in the future so I would rather keep my account safe than gamble on a trade which may close my account due to a rule violation. Apex is legit ass, I was up 10k on a paid account in one day through multiple trades and put one more trade and lost 1300 and they closed my account. So far so good, but I got there in 8 trading days instead of the… No "is such and such firm legit" google search or community question is going to replace a strong, nearly decade history, of operating and paying out their traders like FTMO has. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. Also, when your funded you trade on a live account without slippage. 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 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. People say that is why you never hear about anyone making it to a salaried position with them. Are there differences that you'd only know by testing? Who's the best? I know it depends on strategy, and the various offers, etc. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. However to be safe it seems like the trending advice at this time is find a prop firm thats not based in US/Canada. well with my smaller acc i make around 3% every week, and please dont say i will be waren buffet in 5 years, but thats around average what i come up with every friday, i was thinking about starting a 30 day challenge anyway here on reddit, but yeah this ftmo seems like a no brainer deal then. My view on copy trade is different, especially because we work with it. ** Members Online. FTMO has 5 stars! Check out what 16,956 people have written so far, and share your own experience. Ive been banned by several prop firms because they are not looking for successful traders. Trading is hard. com's Reddit Forex Trading Community 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 developed a unique 2-step Evaluation Process for traders. Idk, we'll see, but it's definitely a unique offer. I think the only two I would dare touch would be FTMO and 5%ers. these youtubers alla succeed. Reply reply **Do NOT mention reddit in any way, shape, or form on Neopets itself; reddit is not an official fansite. Prop firms give traders the opportunity to test their strategy and psychology under 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. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. Hi! I am researching prop firms and I want to know what broker FTMO uses & what is the slippage for crypto trading. Also If you aren't that good of a trader their live profit threshold is terrible. FundingNext is in UAE, haven't checked the rest. 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. This is why you only stick to the top prop firms who you know are legit Welcome to FXGears. They make money because most people can't pass and lose the fee to them. There are no guarantees or one unique way of trading! Everyone has their approach to trade, with mixed feelings for the market, different perceptions of risk, diverse psychological settings, etc. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. I passed the $100K challenge and got the funded account. FTMO has been in the industry a very long time so that's always a safe option. (+ liquidity available for that broker). I think most of it comes to revenge trading and options instead of a stable cash account like FTMO where I don’t have theta or PDT. The record holder of FTMO from last year? He's experienced this very thing at some firms. I just close the trade and walk away with the profit or loss I got from the trade. 5 months per scale up. The fact he was a skint scam victim was immaterial to him. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. . Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. The whole concept is a scam and targeting your dreamer ego to keep sucking payments out of you! Please avoid and get a real account. It basically means that if you manage to pass, you get funded and it costs you nothing. The rules are restrictive as you’ve pointed out and they are there for a reason. 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. but we'll see. Sorry OP but that's a dumb question. They are all scams! They hope 99 fail and they pay the 1 a little bit to keep the scam rolling. FTMO uses their own data and you will have to get details from the account and connect via the MetaTrader Apps. 10%/month like FTMO is not realistic imo. They legit gave the opportunity to get out of that minimum wage suffering. Overall for signals and strategy I use Oanda data as I trade that in parallel with my current strategy. If you’re trying to trade futures, there are multiple firms like this as well. MFF, FTMO and 5ers at the very least I would say are 100% legit. Sure, the business model is to sell eval accounts, but that doesn't mean their service doesn't have value. Worth checking out if that is the route you want to go. I also got some reason leaning towards ftmo just a bit of a feeling but not liking it as double the price and a bit more restricting. FTMO's 70/30. I can think of one guy that did this stuff and then immediately referred to himself as a “millionaire investor”. It’s great to go with if you don’t have a lot of capital to trade to make a considerable living. pouaq fcmha deai qspepxh ycsd ukdkbdov epcna babgpe lwpo mnujtjf