Best ftmo payouts reddit First let's talk about the maximum cap. Learn from one of our youngest traders and uncover the secrets behind achieving 15 consecutive payouts. How high in % was your first payout and how does it fell? :D Mate, last but not least. I just wanted to know if FTMO is still worth it. Once I got funded live, took me about a week to hit $20k profit on the $200k account. Can anyone confirm that either they or someone they know directly actually received a large payout? FTMO themselves have refused such payouts. Known plenty of people who blew their accounts after first payout. Yeah. FTMO take their little slice right off the top from payouts. Payouts should be on-demand -and allowed 1 payout per day (assuming you made a profit that day) as that is what it is with a regular brokerage account with real money--you can send a withdraw request every business day. So I did the analysis of the best challenge to do for max profits over time. 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. 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 Posted by u/dghostman_1980 - 6 votes and 6 comments Idk if you guys have read the actual lawsuit. Try to have less payouts and few good prop firm accounts . After passing both phases of the account challenge what are the requirements to actually receive your first payout and how long does it take to receive? I’m aware some of the other firms have a required amount of trading days as well as a 30 day minimum before you can actually be eligible for a withdrawal, what’s FTMO’s stand point on this. 😕 Customers from the US are no longer welcome. 5k With my prop firm it’s 7 trading days to pass the test, and only 10 trading days to get the first payout, and you can get 2k worth of payout twice per week (50k acc, 4K per month for first 3 months) until it becomes no max limit on the 4th month. At a certain point it just feels like a game. 4M with 50% payout is technically 2M with 100% payout. Paid my CC off and took FTMO's $100,000. I passed, focusing on my risk management, not profit. I have traded at FTMO Trial failed one but passed twice. 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? Thank you Apex is a good prop firm imo and easy to pass and payouts are very simple. I’d like to know what you guys think of it. 22 votes, 24 comments. A place to discuss forex strategy, ideas, analysis, and concepts. Thanks for everyones help in finding a good prop firm. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. Now let's assume you makes 10% profit/4 months based on FTMO standard. 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. Members Online. Weekly payouts. If you have 100k of course they will find a way to delay or even not to pay you. Assuming no blowout, in an year one would have generated $9600 or roughly the same capital FTMO is providing to you. FTMO or MyForexFunds FTMO has step 1 10% step 2 5% with 10 trading days minimum MFF has step 1 8% and step 2 5% 5 trading days minimum Both gets you a free reset if all rules are respected and you are break even or in profits. That’s a big payout for a $50k account. S. 1% risk and trade-copy to there "dispensable accounts" with 10x multiplier. 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. The problem isn't prop firms or regulations. Hello guys hope you are doing great I would like to ask you please about FTMO payout A friend of me requested a payout but they told him for some reasons ( i dont know them because he didnt tell me) they split the payout requested on 12 months. even if it's just a simulation. My opinion would be go for it, but be disciplined and use it to fund your personal account to a good size account (10k, 25k, 100k, whatever you're comfortable with). Thanks for reading this FTMO review. - To be with other like-minded forex traders. I'm sure there are plenty of traders that earn them. Payouts always come and yes the delay is a thing. Then some of these firms, including FTMO, will literally blackmail them (seriously I'm not joking) and imply that if you don't say anything online we may let you keep your accounts or give you a Welcome to /r/Netherlands! Only English should be used for posts and comments. FTMO only lets you trade CFDs, which is illegal in the U. Savings: Get a 10% discount on all future FTMO purchases. The answer is only people who have gotten a payout know… and particularly people who have had big payouts exceeding 50-100k. 5ers has maximum cap 4M, FTMO has 2M cap. Finally, their payouts are extremely fast, I was expecting the usual 2-4 business days wait, but received mine within 24 hours. Similar trade on FTMO did not slip, another trade I got stopped out when the price was 0. Using excuses like "your trading style is too risky" even though they haven't violated a single rule. Articles, links, etc are all welcome. E it comes out of your payout if you are profitable or they lose less when you lose because your P/L Is overall worse due to commission. The scam ones may pay out small amounts, but will make up every excuse on the book not to pay you big pay outs. Welcome to FXGears. Spread is honestly incredible. 9 pips away, also had the same trade on FTMO that did not get stopped and went on to take profit. No profit target for payout; start on Monday get paid on Friday. No stop loss requirement. Same here. A prop firm that’s legit would have no problem with the pay out. But, on High Stakes you only get $57,542 total payout. I think the difference is they are trying to prevent any major drawdowns. they pocket that money and use it to pay the few that do win. It is crucial to conduct research and evaluation of different firms to ensure the best fit. Yes people lose their account mostly by not putting any stop loss in place. . Which one gives you more money? Second is the time it takes to scale your account. So High But they operate differently from FTMO ones in the sense that they simply give 25x leverage on the capital put with them and 90% payout Reply reply More replies Concrossivie Just remember less than 10% of people pass their challenges, and if that about 2% actually take any profits whatsoever ¯(ツ)/¯ if you’re rocking through even 10 challenges for one payout that MIGHT get you to break even it is an indication this is probably a waste of your time. They're handling my account now and take another 40%. Choosing the best prop trading firm ultimately depends on individual trading goal, preferences, and experience level. So I decided to try out FTMO. The main reason is rules and laws. Wish you all the best for 2024 bro, happy new year ( i know, its a little bit early for that, but maybe i forget it later haha). I traded the demo account on FTMO with 40k for 2 weeks and reached 20% and also passed all the rules, for me its time for a real challenge. I never hear about big payouts. If you earned the same percentage on Hyper account you will get a total approximate payout of $97,200. I noticed that their payouts for the higher tiers is 100%. Traders do need to keep in mind that the delay is most likely not with with the prop firm but with the banking system or the crypt network. Savings are hard to come by because FTMO doesn't give them out very often. They'll take a payout and some of it is put into a "jar" that goes towards high-leveraged programs. Anyone who says all prop firms are a scam just can’t manage risk for nothing, I’ve passed more prop firm challenges than I can count and have received a hefty amount of payouts from several different firms. FTMO's 70/30. I wish you all the best for your trading career and health. Yes they do. Their customer support is also top notch, I never had an unanswered email or an unhelpful live chat support staff. Best regards :) FTMO payout proof Prop Firms Units, Warrants and the best DD on Reddit. The real question is do YOU have a consistent and profitable method? That is the real question. they researched ftmo and found that their traders only trade the demo account as most lose. 2 Frequent Payouts Payouts occur on the 5th trading day, equating to about four times a month. Dec 12, 2024 · Funding Traders and FunderPro stand out with payouts processed within 24-48 hours, making them the fastest when it comes to accessing profits after requesting a withdrawal. Seems the best strategy is to take profits when you can in order to not see those profits turned into demo money. 3 Simplified Cashouts: The process for withdrawing funds is straightforward and hassle-free. I. Deel and Propfirms (Payouts temporarily paused). FTMO is legit, and I assume they have a lot of very successful traders. That should be your next goal. 0. If FTMO would disclose data, I think most challenges are passed using 1 to 2 trades risking 5% to 10%. Any help is greatly appreciated! 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. Explore the trading approaches of our most successful individuals, including a trader who has earned over half a million USD on his FTMO Accounts. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. 4 Favorable Payout Ratios: Initially, you get an 80/20 payout ratio, with an easy transition to a more beneficial 90/10 ratio. Very beautiful effort by you. So they naturally stopped paying because, well, I blew my account. I still think FTMO is a great short term idea. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. First 25,000$ of profits completely mine. First payout is this week, which unfortunately will all go towards paying my taxes and bills for other shit lol. 9 pip spread on Tokyo session is unacceptable, I get 0. The true advantage about FTMO is that when you passed the test, you get the refund so it didnt cost you at the end. I got slipped 4. The Reward from an FTMO Account is processed on a monthly basis by default, with the option to place a withdrawal on-demand after a period of 14 calendar days from the first placed trade on the account. Then the new month you start with your initial balance which is 300k. FTMO hasn’t been affected because the payouts are via Skrill. My friend had a payout from Ftmo for 20k they did pay him out. I just worry that if the payout is too big, that's when firms get sketchy and make claims of broken rules or something to avoid paying. Then, there's the other service I used to pass the challenge. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. Man i had the same payout last monday! my first one ever with Apex too! I know when you say "happy is an understatement" because this achivment is not about money, no no, it is not. Want to know how many dollars we pay out each month and what are the biggest payouts are in each region? From the beginning, FTMO's goal has been to help skilful traders solve the problem of undercapitalization. SPACs 101: How do I Find deSPAC Redemption Levels?? The best prop firm besides FTMO AID The Funded Trader In my option. No need for FTMO. These parameters work better for me though the5%ers has some compelling features depending on trading style! With Apex, I got my first payout then my second payout then I had two payouts that I asked for at once, they said, I flipped, I never traded a micro, always a mini, then they said, flipping was because I was in the Trade for a couple seconds, I usually look for 20 ticks, which is five points, really does it take more than one or two seconds This means that they can generate 10% per month on base capital = $800 payout after FTMO keeps 20%. (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. Man, I always found with ftmo that my stops always got triggered a little extra in loss and my TPs never ever got slippage in my direction. This is where things get interesting. This achivment is about all the struggle you passed before to get that payout FTMO are dodgy af. So lets say their profit split is 30% of the 100% the commission increases the 30% and if you trade a lot of large lots you can actually lose money and they make money/break even on the account if they hedge One thing these firms should change is the changing the payouts to daily. I had 4 consecutive payouts before blowing my account. true. It seems like FTMO and MFF treat their businesses like a casino while the 5%ers looks like they want long term traders. The Funded Trader and FTMO also offer quick weekly payouts, generally processing withdrawals within 1-3 business days. $187,200 through bootcamp. If you earned a total of 60% you will get a payout total of approx. But like any challenge its still a gample on your part since a drawdown could have easily taken you out of the challenge. 2 on FTMO. I am so hyped and a post like this motivates me a lot. 1%-3% max but I think 0. I get to pocket the last 40%. 5%-1% is better for long run, Actually I was doing well in the two phases but in the FTMO account I wasn’t myself when I look to my entries back then i says WTF why did i took that trade whats the reason for the entry, I was just want to make money fast, Greed blinded my insight now, I believe revenge/over Trading has a huge psychological My 1st month I almost hit 30% using only the 5 min chart of apple. A $100k or $200k (demo) account is already sizable, I don’t see a need to pad the account beyond maybe 10%, just as a buffer against the max loss (not max daily which is always there regardless of account size). 4 days ago · 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. Ftmo looks to be the best fit for me. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. So deel has temporarily stopped processing payments for most prop firms, even the ones not based in the US or Canada have been affected eg 5ers. Searching for it online is a waste of time. I invoiced FTMO and got my money deposited into my bank account about 16 hours later. They'll trade there normal compounded account with 0. I passed my $200k FTMO challenge a while back and am close to payout. I also was funded once but I haven't traded since last year. 3 pips on USDJPY, no rollover no news, London session. Once you have 10k of your, you can trade using your own capital and keep 100%. I’m currently using Maven, and have received payouts within 48hrs usually. However when he made 90k they did not pay him out and Ftmo is ignoring his emails and support is not giving any helpful answers . I just got VIP status which is great because it’s 90% split and payouts anytime, it’s awesome. -Share FUNNY Trading Free Challenge: Earn a free FTMO challenge at the same size as your current account. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. Provided there is some profit on the FTMO Account from the simulated trading, the Reward Day can be changed up to 3 times for each withdrawal Posted by u/[Deleted Account] - 2 votes and 18 comments Now over 3 years later, I see that FTMO still exists and now they allow crypto alts trading (xrpusd etc) which is nice! I wanna hear from anyone that has been trading on a live account for a few months, how has your experience been, payouts, etc. In this case. I learned a lot in the past months, backtested a lot every fucking day mate. Congrats! But be careful and don’t risk too much. Based on user reviews, ftmo, the5ers and tft are popular firms. I’m on MFF too and have a 200k funded account. I know ftmo has a payout date for profits. there is a documentary on bbc iplayer called instatrader. FTMO pays back the fee for the challenge I passed my $200k FTMO challenge a while back and am close to payout. I know some people who can easily make 50-70% return each month. As long as you keep the challenge fee money aside, you can retake it again if you happen to lose it. And sorry for my bad english skills. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! 23 votes, 99 comments. It took me 2 days to pass the first stage, 4 days to pass the second stage. This rule is in place to ensure that an ample audience can freely discuss life in the Netherlands under a widely-spoken common tongue. FTMO offers 90% payout for 2M. No lot size limit. Anyone that has used it can you tell me how the payouts were and if you had any difficulties with them in any way. But I’m still questioning if ftmo would do a full payout on such high profit. Or maybe you have a success story you’d like to share. After your first payout with FTMO you basically are playing with house money. yksyjx uuzoo tnsatxm wsps gbbjejq tqltncl unlie golxyhea uverk urtnl