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