Ftmo commission reddit. Their challenge requirements are slightly less too.

Ftmo commission reddit 1600$ 5. Trying to pass one of these prop firm challenges isn't easy. 0-0. The commission arent really an issue considering the potencial reward. They are also large enough to offer their own brokerage along with your funded account. So i've been profitably trading for a few months now but was looking into getting a funded account with either FTMO or The5%ers however i am so confused on UK tax laws that surround this issue. from the limited information i have been able to find, the tax brackets for trading is tax free because its seen as - In your reddit history you have been part of a conversation regarding challenge "boost". Swing traders can go through a multi-month drawdown even with a profitable strategy, b AMP is a digital collateral token that offers instant, verifiable collateralization for value transfer. FTMO challenges may cost more but their commission rates are far less. 13 votes, 60 comments. We always hear of 5%ers, Ftmo, MFF ect But I haven't seen one post about alpha capital. The 5%ers, have more conservative rules on risk but the benefit is you have 6 months to hit the profit target. USD rates are 4. - To be with other like-minded forex traders. 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. I've heard this is the view which comes 1-2 weeks before approval or not. 400$ 3. They've basically undercut FTMO in almost every aspect. The real question is do YOU have a consistent and profitable method? That is the real question. TFT and MyfundedFX: the price you click--> you'll get executed at a 3pip worse price when opening and closing a trade = the spread on US30 is 1. Commission splitting is totally ok and trading rules are nearly the same . But I am also trying since weeks . That gives you an easy overview over the spread on different pairs. Profit target 6% Max DD 10% Max Daily DD 5% Pretty much 0 spread 0 commissions 80-90 split Scaling Is there a reason for this? 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. 3200$ Equity CFDs have a commission of 0. (Just gotta wait 5 more days to complete the 10 day requirement) I’m so excited to start. I know FTMO offers a free 2-week demo challenge account to practice on. I would think so in the sense that the tighter the spread the better right? Their spreads are just all tighter than FTMO. Prop firms are not for everyone, but telling someone to not even give it a look is just retarded. Their challenge requirements are slightly less too. Here is a snapshot of their offerings: Live Spreads and Commissions. AMP is an Ethereum-based token that makes transactions instant and secure. Trust the process and don’t give up. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Ask yourself this: why would they charge you a commission on each trade when you are trading with their capital? I want to trade on FTMO - max leverage is 1:3 for my symbols. com, a trading forum run by professional traders. 3-0. Thanks Took me an average of 1. (Should you pass) also they have HIGH commission per lot size traded. There isn’t a straight answer because it depends on trading style and risk. To be more specific, we’re talking about all symbols in the FTMO platform ending with the “. 3 pip spread etc. They just seem to offer a better deal overall. 74 votes, 117 comments. Do you think I need to be worried about FTMO not paying me out if its a winner? From now on, whoever is trading Indices, Crypto, and Futures CFDs is trading with no commissions at all. It looks like a good option to the well-known FTMO. For indices and other offerings it's fractions of a penny. f” suffix, and all available cryptocurrencies. I don´t need to check your profile any further. Real fuking hard. FTMO - I’d advise anyone to use FTMO before another firm as an overall choice, simply because they’re possibly the most established and reputable firm among the industry. Funding talent has a challenge now that has NO restrictions and their cut is 80/20 vs ftmo s 70/30. 5 months per scale up. 0010% per lot. Yeah the commission is fr that bad. The commission on FTMO accounts is only 3 USD/round-trip/lot on Forex, which is well below the market average. Indices and Commodities used to have the commission as $3. In the other note I believe in every single one y’all who are trying to make a change. 5% and jpy is -. Getting Approved On-Site Commission - How You Doing? Uploaded 27th, just received my first view on each of the three videos on the 9th. - You are discussing and sharin methods to bypass server limitations - like hedging without paying commission. 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. 10 lot on cad would have been a hefty commission so that would have counted as a loss, but who cares about win rate as long as you profit Edit: ETH not cad sorry but yeah you mad 4cad the commission would have been a lot more than that making that trade a loss overall Press ctrl+m in MT5 and rightclick on the table. I wouldn't trust my money elsewhere. The calculation for the commission is as follows: Sorry OP but that's a dumb question. com's Reddit Forex Trading Community! Here you can converse about… It's a huge improvement for day traders at least. Thoughts. All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. And they don't show you the commission they deducted they only show you your net profit. We are paying those for you. 383K subscribers in the Forex community. -Share FUNNY Trading For those experienced. 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. FTMO companies do not act as a broker and do not accept any deposits. Great spreads, no… And there are props that deal live money accounts on A-book brokers, with no equity-based drawdow, and no maximum time limit for the challenges, no commission indices, no rules around news, 0. Got to give it to FTMO. For the other prop firms i dont think they are really able to compare to ftmo. FTMO provides its traders with tight spreads and competitive commissions, ensuring low overall trading costs. Traders can access up-to-the-minute spread and commission information directly through FTMO’s official page: Live Spreads and Commission Details at FTMO. Which one is the one with smaller commission and spread? I scalp 10 to 20pips so this is really important. Prices are relatively higher than other firms but For BTC it says = Contract size 1 - Margin percent 30. If you can make 10% on FTMO for 5 months, on your private account you will have: Month 0: 100$ 1: 200$ 2. Their scaling plan of 10%/4 months is more realistic. Funding talent has better split and lower fee for 25k account. 000 account) and 30x Leverage, so I risk 1. Their spread is quite tight but sometimes liquidity spikes occur which is normal with any broker as well. They have raw interbank spreads on everything. Detailed Sep 26, 2024 · Forex pairs have a $3 round turn fee per lot, while metals and US equities have percentage-based commissions. You don't get his logic, because you apply the same rules to a private account. 3 - Leverage Swing 1:1 - Commission 0 I dont fully understand My trading plan using the Swing FTMO account, in terms of how I understand Crypto Futures, was trading BTC using 1% for position (100. I have screenshots of my p/l. Stop scalping if your doing funded only scalp live account okay switch to h1 tf and do supply and demand and hold trade for atleast 30mins-1hr about 40-80 pips use a 30 lot which is 30$ a pip don’t worry about DD I did ftmo 25k in 35 mins doing two trades at 40 lots and my DD was-$143 and profit was $10,345 the thing with ftmo about drawdown . What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. Then tick "spread" in "columns". I always thought on FTMO but not sure if there are better options out there. It is recommended because it is trusted. This will be the closest thing to a real account. When MFF imploded , I wanted to buy a 200k FTMO account, but I decided to get 2x100k, one each with FTMO and 5%ers to spread the risk out of another implosion. Just take care of one thing that FTMO does not allow you to hold positions over the weekend. Nexo is the world’s leading regulated digital assets institution. You can lose 10% on FTMO with 10% target, so you have to double your account. 000 x 30 = 30. 1 years of experience in the fx , I have run my expert advisor and the results of the last year were achieved by risking approximately 1% per trade on my FTMO demo account. But for the challenge, they're faced with the same problem as before. 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. FTMO recently blocked new and existing US clients from purchasing new challenges or trials. IMO, MFF only beats FTMO with better evaluation requirements. Now we can trade through high impact news and hold runners over the weekend if we want. For me are FTMO and MFF the best. Was surprised when the transfer hit my account wasn’t expecting it, but it’s legit. 5 Pips Spread and $3 Commission. FTMO is legit, and I assume they have a lot of very successful traders. FTMO has the best commission, the drawback is can you hit 10% profit in 30 days without going into a daily drawdown of 5%. Welcome to FXGears. 5/lot. I'm by no means bragging, I'm simply stating that FTMO is worth it and anything worth doing is hard. So I've been a funded trader with FTMO, which obviously means I've passed phase 1 and 2 of their challenge. You use correct word: least shady bappebti, but I wouldn't put my money in even the slightest less shady broker, I want the best in the world, publicly traded, insured, based in a country with the highest compliant with law, after all, that is your hard earned money All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. For swing traders, it's a great improvement too once they actually get the funded account. 0040% per lot, metal CFDs (XAG, XAU, XPT and XPD) have a commission of 0. 5 USD/lot, Cryptocurrencies were $14/lot and XAUUSDm was $0. 6pip but on a 5 lot trade you'll pay 300$ worth of hidden commission in the form of Slippage/Requote (I'm talking slippage without any news volatility just normal trading hours) 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. 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. This question is specifically for people who know about UK tax and prop firm trading. 10%/month like FTMO is not realistic imo. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. This past 30 days I tried my 3rd FTMO challenge of the year after starting forex back in April and I just passed the 2nd stage verification. 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. The problem is the step 1- the 10% in 20 days. The offered technical solution for the FTMO platforms and data feed is powered by liquidity providers. Use VPN and bypass those idiots. But the cons thar we can all agree is the slippage are really bad even at non news hours and their CS is terrible E8 : Spread is at par with MFF, 1 day minimum trading days, responsive CS, commission is $5 per lot. Every YouTube trading video now is i made $60K today or they started trading 2 yrs ago and am a millionare driving a lambo and showing a mansion . Forex fees include a $3 round turn fee per lot for each currency, with conversions Feb 16, 2021 · Have you been wondering about which the better forex prop firm is, FTMO and the 5%ers? This review details an excellent comparison over the features, strengths, and weaknesses of each, and ultimately which type of traders would be suited for either based on these findings. 00 - Leverage Normal 1:3. ( the reason I want EURUSD spread is because we can guess others based on this and the reason I'm asking this question is because my scalping methods won't stand a chance Posted by u/[Deleted Account] - No votes and 22 comments There is no competition to Funding Pips, 0 Pips Spread (EURUSD )and $2 Commission is unreal. They offer the same account sizes as ftmo. If you’re net negative carry trading, expect to lose long term. Even on Gold I notice there spreads can get a little high. You are whats wrong with this reddit. The System is fair . Doing well maxed my funding on FTMO, I see that as a bank now lmao, currently doing the prop firm challenge and using a trade copier to mirror my entries onto my ftmo accounts, and US30 only I made the switch to this around 6 months ago Welcome to FXGears. For indices (cash CFDs including USOIL and UKOIL), cryptocurrencies and futures CFDs, no commission is charged by the FTMO. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier Welcome to FXGears. FTMO does charge commissions. FTMO does have some downsides though the biggest being the news restrictions. Anyway, I linked the two accounts to my trade copier, and the exact same trades have resulted in +4. 5% with the 5%ers, all due to the spreads. You have to be profitable to be able to make money on their 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! When analyzing my trading style FTMO seemed like it was the best fit for me hence why I trade with them now. Yesterday I took 6 trades with profit of 0. I passed, focusing on my risk management, not profit. Pro & Cons= MFF : Cheap registration fee, reasonable spread, $3 commission on forex pair, 12% max loss rules. Forex traders of reddit I'm asking you to tell me about the average spread you get for EURUSD in London&NY when you are demo trading to pass FTMO, 5ers, Funding Talent, etc. Literally not one negative trade. But FTMO showed -40 for the day Hi folks, are there any FTMO traders here that know if I can use iC Markets cTrader when doing the month trading challenge? I’ve been doing the trial for it on purple trading mt4 now for a while but iC cTrader is a much better option for me with its tighter spreads and lower commission rates. Can recommend! 2nd best is Bespoke (from what I have found so far), 0 Pips Spread and $3 Commissions. They have better rules imo and the spreads are crazy tight with 0% commission. 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. 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. 10% your carry fee plus swap fee is too high it’s like ZARJPY TRYJPY same concept. (1% of risk per trade with 66% win rate) FTMO rules are far laxed compared to the firm I work for now but l manage a far bigger book and obtain bonuses and payouts. 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. For a standard forex lot it's $3. haha. Posted by u/jondoe9x - 7 votes and 23 comments The rules are better than FTMO. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. 04, 160, 240, 40, 80, 40. Trying too hard and studying too hard has diminishing returns and is counterproductive. 800$ 4. If you pass this first step, everything should be easy going. I'm currently in the middle of doing a challenge and have noticed that the commission that skilledfundedtrader takes is super high!! A $600 win and net profit is $520. Ftmo is more years on the Market . I already use the H1 for entry but the nature of the strategy is that it follows higher timeframes and sometimes the trades can reach up to 15 percent which i dont want to miss. The Support is Good. We use several liquidity providers with DMA (Direct Market Access) execution model. cash”, “. 1% with FTMO and +4. FTMO is a prop trading firm. r/Forex • WTF . I've done challenges on both and I personally prefer FTMO. I usually risk 1-2%, but on an A+ setup I might want to risk 4% (5% would be daily drawdown). 000 for a So this how the first FTMO payout went. No news rules, no weekend rules, smaller target, cheaper price. FTMO is horrible in comparison, 0. The one advantage of top trader is you can make withdrawals whenever you want. They don’t use EightCap like many do, and systems have always been stable in terms of execution speeds, slippage etc. Now they have removed US clients access to MetaTrader and are pushing DXtrade instead. You are trading with their money with the intent of producing a return against the market. llcgw vaqjsqg wzvdtp iaibj egqp wcmhpu maqlpl vnkeu ryiu ueuqahc