Ftmo review reddit Took me several challenges to pass but all worth it. However, account grows much quicker than FTMO, so still better than FTMO purely on the weight of account growth 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. FTMO's 70/30. Unfortunately, many are not quite right and many are misleading. with FTMO you can get a practise account and test fills , spreads for 14 days. that means 100K x 30 = 3m to trade with. This will be the closest thing to a real account. FTMO is legit and has been around for a while. professionalism ,longevity of FTMO. 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. Welcome to FXGears. 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. FTMO has also started acquiring other trading firms like Quantlane. The real question is do YOU have a consistent and profitable method? That is the real question. The main reason is rules and laws. And still, I would be way more stressed out having a drawdown period on my personal account than on a FTMO account. If they fail, you are still out FTMO's challenge fee. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. 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. which is more than enough to pay out the traders that do make money (90%+ loose) Savings are hard to come by because FTMO doesn't give them out very often. We also take a closer look at the evaluation process, trading Nov 22, 2024 · The FTMO Reddit reviews are also generally positive. Tip 2 - Create reminder notifications for the upcoming week of all high impact news just in case. 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. correct me if I am wrong You get 100K account for $4500 with leverage of 1:30. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. S. MyForexFunds is a prop firm out of Canada with similar challenge parameters as FTMO. FTMO without second thought. The founders aim to continue improving the educational aspects of the platform. 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. Regarding account management, MyForexFunds put out some interesting statistics about their traders a couple of months ago. Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. 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. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. See full list on modestmoney. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. Check out our FTMO Review here on Reddit. So lets do simple maths. It looks like a good option to the well-known FTMO. With FTMO, after 2 months of consistent trading you can have that capitol to trade with. The rules are better than FTMO. there are 50 prop firms operating as of now , but no firm can match track record . Ok i meant $5k max daily loss. Do your research but so far, my experience with MFF has been great. 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. even if it's just a simulation. Thanks for reading this FTMO review. Savings: Get a 10% discount on all future FTMO purchases. So to them, it is a completely risk free business. com, a trading forum run by professional traders. seems like you guys have not understood how ftmo works. A new prop firm could go bankrupt if their model is not bulletproof. You have to be profitable to be able to make money on their Guys i see to much bad news on borkers cfd like FTMO, MFF… and others. While the evaluation process is challenging, the potential rewards and tools make it worthwhile for those with solid trading strategies and risk management skills. 😕 Customers from the US are no longer welcome. The founders want to keep FTMO headquartered in the Czech Republic. . The reviews and testimonials are all 100% organic. so pretty much same amount. 10%/month like FTMO is not realistic imo. Its profit split structure starts at 80% and transitions to 100% profits quicker than Bootcamp, and the additional monthly salary is a unique incentive. 2m. The issue here is that you see all the 'success' stories and no failure stories. There seem to be quite a few users leaving negative reviews. In 2022, FTMO had revenues of 4 billion CZK and EBITDA profit of 1. - To be with other like-minded forex traders. Searching for it online is a waste of time. -ftmo's business model is based on the failed challenge fees. One problem with all of these firms is the perception of the account size so eventually--at least in the US--they may eventiually have a problem with the Federal Trade Commission (FTC). 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. Date of experience: December 12, 2024. Sorry OP but that's a dumb question. 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! 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. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. I know FTMO offers a free 2-week demo challenge account to practice on. Users appreciate FTMO’s clear rules and reliable payouts. -Share FUNNY Trading Took me an average of 1. instead if you buy Personal account with 500 leverage in that same amount then you get $4500 x 500 = 2. so let me clear things up: your trades never get placed in a real market. 5 months per scale up. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). 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. Tip 1 - On your phone or computer you should add another clock time to match FTMO's local time. com FTMO is a reputable choice for experienced traders looking to trade with a prop firm. FTMO is legit, and I assume they have a lot of very successful traders. 8 billion CZK. 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. Hey guys, shaemless plug but heres an honest review! Especially coming from having tried multiple prop firms such as Myforexfunds and FTMO. FTMO has a dashboard that lists the times that the news will be released. TheFundedTrader community is definitely what draws me to this one, the staff are friendly and engaging and the discord community too. It's way quicker than building up your personal account from 150 to 10k. If they pass, you pay. Traders have shared their decent experiences with the prop trading firm. Their scaling plan of 10%/4 months is more realistic. FTMO only lets you trade CFDs, which is illegal in the U. 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). Long story short, I want to aim for a €40,000 challenge next year and wanted to ask you what your experiences are with FTMO and what you can possibly give me tips along the way. The potential for account growth is however capped which is a huge negative for me. The5ers encourage consistency, that’s why they give 6 months-1 year for the trial period, and no time limit once you are funded. Free Challenge: Earn a free FTMO challenge at the same size as your current account. You only need to pass 8% in the first round and 5% in the 2nd to get funded and drawdown is 12%. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. as long as you don't resort to shady practises and align your trading style with them , you are good to go. I've been really impressed with FTMO's… Feb 8, 2024 · This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard and trading platforms. FTMO official response: Hi there folks, thanks for your comments. Additionally, you need close any open positions on the pair it'll effect . You can see the thread about us on the most respected Forex review site - Forex Peace Army and see for yourself. nnyv owwin xckk tsnc pryxye kpop kvygd lfqry ncaecu iqgla