Best ftmo reviews reddit. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. -Share FUNNY Trading Apr 28, 2024 · FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). FTMO official response: Hi there folks, thanks for your comments. I do agree that these are the 2 best pro firms and I’m currently having a hard time deciding between which to start. com Team. - To be with other like-minded forex traders. With its varied funding challenges, innovative tools like Account MetriX and Mentor App, and a wealth of educational resources, FTMO offers a comprehensive platform for traders seeking to maximize their potential. 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 problem was that mff was the their own "liquidity provider" so they manipulated the slippage and messed around with where and when the trades get executed. Read more articles by DailyForex. I have traded at FTMO Trial failed one but passed twice. Time limit is only con bro. I recommend this prop firm 1000%. Various reviews indicate: Savings are hard to come by because FTMO doesn't give them out very often. User Reviews and Feedback: Research user reviews and testimonials from other traders who have used the EA. I would recommend this for anyone who want to get funded. You have missed the point by so much that it is now in an entirely new universe. We also take a closer look at the evaluation process, trading objective details and pricing. You're not seeing what I'm getting at. 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. The main reason is rules and laws. that means 100K x 30 = 3m to trade with. Funded traders can begin trading with up to $400,000 with leverage of 1:100 and keep up to 90% of profits made. A major draw to this firm is a very competitive profit split (up to 90/10), which has attracted top-tier investors and forex traders from all over. Their experiences can provide insights into the EA's effectiveness and reliability. FTMO ranks among the most trusted and transparent prop trading firms. 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 The rules are better than FTMO. 0 rating. Searching for it online is a waste of time. 9 stars out of 5, based on 5,535 reviews . So this how the first FTMO payout went. FTMO by far the best one. You initially pay for a challenge account. I really dont understand how people actually think this is a real way to go about this process. Feb 16, 2021 · Yes, as of now its a 7% profit target to FTMO’s 10% PT. I had good experience overall got my payout within 2days. The good news is that the firm covers all losses if any. Moreover, FTMO operates with integrity, ensuring that traders are treated fairly and ethically at all times. I've done tons of comparisons. Yes people lose their account mostly by not putting any stop loss in place. 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 have to be profitable to be able to make money on their FTMO by far the best one. Date of experience: 06 September 2024 Very beautiful effort by you. This isn’t a problem in higher time frames, however the way I make money is scalping a few minutes. Based on user reviews, ftmo, the5ers and tft are popular firms. Both times I lost the account within 2-3 days of trading. FTMO is a financial platform that offers tools and resources for traders looking to improve their skills and maximize profits. Others say, with their drawdowns, say $2500 for $50k account, you basically have $2500 to trade and it’s better to save up for it. There's no such thing as a prop firm that isn't a scam, because they show you numbers that you don't actually have. Reviews and what people say about them in the social media look good. The technical aspect of FTMO I did not contact support. The team are incredibly supportive and I found the whole process to receive my funds very simple. 9 out of 5. as long as you don't resort to shady practises and align your trading style with them , you are good to go. Many reviewers have shared their experiences of passing the challenge and verification phases, receiving their funded accounts, and getting their profit splits on time. 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. It has a team of experienced professionals, advanced training programs, and a proven track record of success. To answer the question “Is FTMO Legit?” users have pointed to the fact that FTMO offers you significant capital to trade on, with no financial risk once funded. I get my payouts every time and have never had a problem. My man, the fact that you passed the challenge does not mean you'll mean a shitload of money with them UNLESS the strategy you used to pass the challenge is sustainable and returns CONSISTENT profits over a relatively long period of time. It paid over $130M to its prop traders per data published on its website. 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. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. Some love it and say you can make a lot of money with it. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. Then 90/10 split for life of the account. Ftmo is awesome and industry standard, I'm just not a fan of the "make profits in this amount of time" system, but if I'm not mistaken as long as your account is profitable they will let you continue even if you didn't hit the target. I’ve sometimes gotten stopped out of trades just for price to go my direction afterwards, because TV and the FTMO server/broker didnt align too well. USE FTMO Posted by u/ComfortableRepublic4 - 1 vote and no comments Action Movies & Series; Animated Movies & Series; Comedy Movies & Series; Crime, Mystery, & Thriller Movies & Series; Documentary Movies & Series; Drama Movies & Series Free Challenge: Earn a free FTMO challenge at the same size as your current account. -ftmo's business model is based on the failed challenge fees. Great service and payout received. Got to give it to FTMO. You don't blow your account but you get kicked out of the program once you hit daily 5k loss, which is pretty much the same. 5k is the max daily loss and 5% of the 100k is the max you can lose. FTMO is legit, and I assume they have a lot of very successful traders. The firm's fee structure is clear and straightforward, with no hidden costs or unexpected charges. which is more than enough to pay out the traders that do make money (90%+ loose) Sorry OP but that's a dumb question. I have been funded twice by topstep ($50k once and $150k once). Date of experience: 03 September 2024 So lets do simple maths. FTMO, a leading prop trading firm, is expanding its reach into the retail brokerage space. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. so pretty much same amount. FTMO is my favourite because they have the best spreads execution and track record of being a legit prop firm company. The FTMO Trader is eligible to keep up to 90% of your profits. I also was funded once but I haven't traded since last year. FTMO is the best prop firm I've know in… FTMO is the best prop firm I've met in my whole life, the payout was very fast within 24 hours and I get fee without any complications so I'm thinking about to buy another challenge. even if it's just a simulation. . 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. Made almost 10%. Recently I got my funded account, first I was not sure whether the company is genuine had a lot of questions any hidden rules to deny payout. But, the drawdown is more severe given a 4% SL for the5ers while FTMO is at 10%. If you want to trade futures (good idea) just get a broker with margin you like (tradovate) don't fall for these trade account scams. 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. I just completed my 4th payout with FTMO today and never failed their challenges. FTMO only lets you trade CFDs, which is illegal in the U. This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. Some of them have also posted Choosing the best prop trading firm ultimately depends on individual trading goal, preferences, and experience level. Feb 21, 2024 · Known as one of the best proprietary trading firms, FTMO lets folks trade various instruments, like forex, stocks, cryptocurrency, bonds, and more. S. Unfortunately, many are not quite right and many are misleading. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. Proprietary trading firms utilize simulated markets to train or evaluate traders. The leverage is only 1:30 instead of the usual 1:100 however it is easily compensated by trippling your lot size. Do your research but so far, my experience with MFF has been great. Honestly if FTMO had best interest in it's traders it'd extend the first stage by 100% so 60 days (21 trading days). These account services make money on you not being able to as strict with the plan as they require. It looks like a good option to the well-known FTMO. In the other note I believe in every single one y’all who are trying to make a change. There seem to be quite a few users leaving negative reviews. so let me clear things up: your trades never get placed in a real market. It would take more trades to win to gain the 7% than 10% if risking a safe % of account. Ive been with them for 2 years. FTMO has a dashboard that lists the times that the news will be released. Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. 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. FTMO is hard to pass even for good swing traders as we have lower trading frequencies + Not only do you need a positive month but it must be extreme asking for 10% in 21 trading from a swing trader with good risk management is Ftmo has some insane spreads, even at peak times. The reviews and testimonials are all 100% organic. Do my statements make sense? If yes, why would anyone not go for a swing account?. In a challenge at the moment with them i took 2 days ago. Me personally, I would rather deposit money into either props with better profit potential and trading criteria or a personal account. 2m. The real question is do YOU have a consistent and profitable method? That is the real question. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. Folks just need to spend more time studying and WAIT UNTIL THEY ARE REALLY READY instead of chasing funded accounts too soon. Thanks for reading this FTMO review. This is basically impossible in ftmo due to their spread. FTMO's 70/30. Check out the sidebar for intro guides. with FTMO you can get a practise account and test fills , spreads for 14 days. r/Daytrading • I just crossed + $375,000 in profits after 18 months of full time day trading. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. I just waited until it came. I've done challenges on both and I personally prefer FTMO. FTMO isnt a scam. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. The best place on Reddit for admissions advice. This is the time frame the FTMO robots should perform the best. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. 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). Additionally, you need close any open positions on the pair it'll effect . They're paying more upfront for the best quality retail firm service, but they want the cheapest prices in town (which ALWAYS come with a price!) They keep it simple. 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. Trust the process and don’t give up. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. professionalism ,longevity of FTMO. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. 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. 0 was developed to run on M15 and all its indicators have their setting optimized for this time frame. Idk if you guys have read the actual lawsuit. 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 FTMO without second thought. Even on Gold I notice there spreads can get a little high. The company has appointed Michael Kamerman, a seasoned brokerage executive, as the CEO of its new division. FTMO enjoys a stellar reputation on Trustpilot with a rating of 4. Journey to become an FTMO Trader might be challenging, but our educational Tools & Services are here to help everyone. Real-Time Monitoring: Some EA robots have real-time monitoring features, allowing you to track their performance and trades in real-time. Looking into MFF and E8 now too! Reply reply One aspect that sets FTMO apart is its commitment to transparency and fairness. So it all depends, I think getting funded is a good idea if YOUR STYLE suits the rules. The website, dashboards etc are waaaaay above other forex prop firms, looking actually pro. there are 50 prop firms operating as of now , but no firm can match track record . FTMO User Reviews. It is crucial to conduct research and evaluation of different firms to ensure the best fit. The problem isn't prop firms or regulations. I’ve been thinking about doing it but I’ve seen some mixed reviews. Apr 23, 2022 · The traders can remotely manage up to 200,000 USD and continuously make the account grow according to our Scaling plan. This is a testament to their exceptional service and trustworthiness in the forex trading community. The thing I have against instant funding firms is that they are severely less rewarding compared to prop firms with real evaluation phases. Jul 31, 2024 · In a nutshell: FTMO is an exciting top-notch proprietary trading firm loved by thousands of seasoned traders. 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. FTMO ranks highly on Trustpilot based on 5,000+ reviews, with a 4. Nov 7, 2023 · FTMO v5. Nov 28, 2023 · Wrapping up this FTMO review, it’s clear to me that FTMO stands out as one of the best forex prop trading firms available today. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. 😕 Customers from the US are no longer welcome. Date of experience: September 06, 2024 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! The best prop firm besides FTMO AID The Funded Trader In my option. You can see the thread about us on the most respected Forex review site - Forex Peace Army and see for yourself. I say that because they have great customer service, cheaper prices than FTMO, great community and the owner engages with the the traders and does give a ways and discounts very often. I backtest a lot on TradingView, and also analyse on TradingView before looking to take a trade on MT5. As the title suggests, I’ve had a rough time with topstep. Jan 19, 2023 · Introduction. 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. Recently received my first payout with ftmo on my 50k swing account. The Reddit Law School Admissions Forum. If you have $1000, that's the exact same as having a $10,000 FTMO account; if you lose $1000 on an FTMO account of that size, they close your account. seems like you guys have not understood how ftmo works. The best-performing FTMO Traders can progress into our Premium Programme, where they can be employed as professional traders with fixed salary by Quantlane – a traditional proprietary trading company. I don’t know how it would perform if you were to run it on M1, however, you can always experiment. IMO, MFF only beats FTMO with better evaluation requirements. Savings: Get a 10% discount on all future FTMO purchases. Alan, Jun 27, 2024 · FTMO Reviews on Reddit The prop firm is generally well-regarded, according to FTMO reviews Reddit users shared. FTMO is legit and has been around for a while. I just wanted to know if FTMO is still worth it. Aug 18, 2023 · FTMO Reviews and Ratings. The issue here is that you see all the 'success' stories and no failure stories. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. 80/20 split for a few payouts. This strategic move signals FTMO's ambition to stay ahead of the curve in the evolving online trading landscape. ctyn dyvhli ital ayadz jmpih nrowvd vqwg mxavrf nxzsd qbntycmi