Ftmo reddit review The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. professionalism ,longevity of 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. The potential for account growth is however capped which is a huge negative for me. So this how the first FTMO payout went. In 2022, FTMO had revenues of 4 billion CZK and EBITDA profit of 1. 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. 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. The main reason is rules and laws. 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). In the other note I believe in every single one y’all who are trying to make a change. And still, I would be way more stressed out having a drawdown period on my personal account than on a FTMO account. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. There seem to be quite a few users leaving negative reviews. FTMO's 70/30. 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. Date of experience: December 12, 2024. com, a trading forum run by professional traders. 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. TheFundedTrader community is definitely what draws me to this one, the staff are friendly and engaging and the discord community too. I’ll begin the article by explaining what FTMO is and how it works (and prop firms in general). Searching for it online is a waste of time. so let me clear things up: your trades never get placed in a real market. I've been really impressed with FTMO's… Jun 27, 2024 · In this article, I’m going to provide an FTMO review based on my own experience as an FTMO trader. 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. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. Ok i meant $5k max daily loss. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Users appreciate FTMO’s clear rules and reliable payouts. 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! Took me an average of 1. FTMO developed a unique 2-step Evaluation Process for traders. If they fail, you are still out FTMO's challenge fee. Its profit split structure starts at 80% and transitions to 100% profits quicker than Bootcamp, and the additional monthly salary is a unique incentive. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. there are 50 prop firms operating as of now , but no firm can match track record . While the evaluation process is challenging, the potential rewards and tools make it worthwhile for those with solid trading strategies and risk management skills. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. 10%/month like FTMO is not realistic imo. 5 months per scale up. The founders want to keep FTMO headquartered in the Czech Republic. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. FTMO is legit, and I assume they have a lot of very successful traders. FTMO is legit and has been around for a while. Nov 22, 2024 · The FTMO Reddit reviews are also generally positive. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 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. seems like you guys have not understood how ftmo works. S. com FTMO is a reputable choice for experienced traders looking to trade with a prop firm. -ftmo's business model is based on the failed challenge fees. 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. FTMO official response: Hi there folks, thanks for your comments. 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. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. Their scaling plan of 10%/4 months is more realistic. . 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 real question is do YOU have a consistent and profitable method? That is the real question. 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. Unfortunately, many are not quite right and many are misleading. The rules are better than FTMO. FTMO only lets you trade CFDs, which is illegal in the U. 😕 Customers from the US are no longer welcome. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. Trying too hard and studying too hard has diminishing returns and is counterproductive. Savings are hard to come by because FTMO doesn't give them out very often. On my FTMO account under credentials with the login ID and password it also says platform DXtrade. 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. See full list on modestmoney. With FTMO, after 2 months of consistent trading you can have that capitol to trade with. You can see the thread about us on the most respected Forex review site - Forex Peace Army and see for yourself. I have just bought an FTMO challenge and I got my FTMO challenge login credentials from the clients panel. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Hey guys, shaemless plug but heres an honest review! Especially coming from having tried multiple prop firms such as Myforexfunds and FTMO. Thanks for reading this FTMO review. Then, I’ll demonstrate the FTMO prop firm’s value proposition and why traders go for FTMO funding. 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. Got to give it to FTMO. The max daily loss is the thing you need to watch out for. -Share FUNNY Trading 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. Took me several challenges to pass but all worth it. If they pass, you pay. as long as you don't resort to shady practises and align your trading style with them , you are good to go. 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. Trust the process and don’t give up. FTMO has also started acquiring other trading firms like Quantlane. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. Traders have shared their decent experiences with the prop trading firm. FTMO has a dashboard that lists the times that the news will be released. Check out our FTMO Review here on Reddit. - To be with other like-minded forex traders. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. A new prop firm could go bankrupt if their model is not bulletproof. It looks like a good option to the well-known FTMO. 8 billion CZK. The founders aim to continue improving the educational aspects of the platform. even if it's just a simulation. FTMO without second thought. with FTMO you can get a practise account and test fills , spreads for 14 days. You have to be profitable to be able to make money on their Additionally, you need close any open positions on the pair it'll effect . Welcome to FXGears. I wanted to ask you how your experiences with FTMO are and how big is the account you are trading with? Short story about me: I discovered trading about 2 years ago and burned a lot of money, I'm honest. 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. However, account grows much quicker than FTMO, so still better than FTMO purely on the weight of account growth The issue here is that you see all the 'success' stories and no failure stories. It's way quicker than building up your personal account from 150 to 10k. Sorry OP but that's a dumb question. Do your research but so far, my experience with MFF has been great. cqyaad vgxo zfiu adkj minxtq boouc wjhaxx odgl gjl izpu