Ftmo challenge reddit review. To pass the challenge in the shortest period of time requires taking added risk. Support operates 24/7 and has a live chat as well as phone and email services. Articles, links, etc are all welcome. com/ste-waitlist-vslHas my opinion changed for FTMO after 2 years of working on and off with We will be automatically alerted that you have passed your FTMO Challenge and we will proceed to evaluate your trading results accordingly. Before you can get your FTMO Account, we need to be sure you can trade responsibly and manage risk properly I felt ready, and started my first ever FTMO challenge on Monday gone, ended up making 9% this week and I am around €70 from the profit target of €1000. Even on Gold I notice there spreads can get a little high. So 1 out of 3 challenges you can pass just gambling. We will review your case and get back to you. I submitted a claim. The truth is prop firms like FTMO have a balancing act to perform. e impulse, corrective, impulsive etc. It is more of a trap set by them, in the name of challenge or dare or whatever they want to call it. Step One: The FTMO Challenge. com is a likely trustworthy website, given all the risk factors and data numbers analyzed in this in-depth review. I have passed the initial challenge and I am currently trying for the verification phase. Even though every challenge participant has to pay in order to participate in the Challenge and get a chance at managing FTMO’s capital, the company provides additional tools to help traders with 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. FTMO Challenge . Some people like to go . Do you plan to take another FTMO Challenge to manage even bigger capital? Yes! 100%. Then i would maybe buy another challenge. Just had the largest payout I saw of 150 k to someone. Upon successful completion of the Am I ready for a FTMO challenge? Hi, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. It looks like a good option to the well-known FTMO. com Challenge! CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. com's Reddit Forex Trading Community! Here you can converse about trading You will fail the challenge due to drawdown even though you’re in profit WyattFX • Personal preference. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, both times I’ve passed the first phase, ftmo hit me up via email for a trustpilot review. com's Reddit Forex Trading Community! Here you can converse about In this comprehensive FTMO review, we explore how FTMO provides funded trading accounts, evaluate traders' performance, offer support and education, and showcase success stories. Check out my shared screenshots with FTMO challenge stats for a closer Last month, I passed the FTMO demo account and I said to myself that I am ready to do the challenge. 00 lot trade and that started the losing streak. com challenge. Locked post. The market has started become difficult as per my analysis, mainly because of direct impact of news, yet I passed these 3 challenges in ONE trade!! 🔥 Welcome to FXGears. The real question is do YOU have a consistent and profitable method? That is the real question. This unique process comprises the FTMO Challenge and the Verification stage, meticulously crafted to highlight and harness the trading prowess of individuals . 25% per trade with Mentfx since they have unlimited time per challenge, as opposed to 2% per trade with FTMO's 30 day limit. How would you rate your experience with FTMO? 10/10. FTMO developed a unique 2-step Evaluation Process for traders. No swing trading limits. Share Sort by: Best. The math is quite easy. While we found many pros during our FTMO review, there are areas that the service could improve on. FTMO. A place to discuss forex strategy, ideas, analysis, and concepts. Currently I'm doing the FTMO challenge and I got to the profit target. This strategic move signals FTMO's ambition to stay ahead of the curve in the evolving online trading landscape. Ive been with them for 2 years. There are 4 different challenge accounts you can pay for: $10,000, $25,000, $50,000, and $100,000. I think that the FTMO trading is a good opportunity for traders to get good returns for a small amount. That's true. 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’ve hopefully learnt something from all the pain however. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, Confused about ftmo challenge Prop Firms I see that my daily loss was exceeded though im in profit. I felt cheated and disappointed. Daisy from Nairobi, Kenya, has 4 years of trading experience under her belt. We would like to show you a description here but the site won’t allow us. FTMO and My Forex Funds and the like, you will have to pay tax on unfortunately as you are offering a service to trade these accounts. No complaints except the challenges are difficult and time consuming. To answer FAQs, yes I’ve done lots of research on it and even read the fine print, so don’t come at me. You can see the thread about us on the most respected Forex review site - Forex Peace Army and see for yourself. Around 90% fail the challenge, and those who pass, around 90% lose their account in a short time. To be honest I have received several payments from FTMO since I registered on FTMO, I was able to make 62 000€ (not including the fees paid to the professional to take my tests). No challenge is based on balance or you could start with 50k, have a trade open that’s negative like 20k, and when it goes to 55k you close it and win the challenge. To change your account type, click on the “Modify” button in your Account MetriX. so thrill on every trade. FTMO Review Summary. I would suggest anyone taking on these challenges is to take the 10k account and then use winnings to pay for the 200k account. The price gapped down to 0. (click here for more details in our FTMO Review) Verification Stage: Traders who successfully complete the FTMO Challenge move on to the Our FTMO Review covers the key features like funding amounts, account types and trading rules when prop trading. Hi, I've coded an EA, and I plan to run these 2 sets of parameters of the same EA. (Just gotta wait 5 more days to complete the 10 day requirement) I’m so excited to start. You only need to pass 8% in the first round and Read their ad very carefully. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Same as the regular FTMO challenge, but 8% then Seeing a lot of videos lately of people passing FTMO challenges on Youtube. com, a trading forum run by professional traders. as long as you don't resort to shady practises and align your trading style with them , you are good to go. Challenging evaluation process. FTMO is legit, and I assume they have a lot of very successful traders. I am a bot, and this action was performed automatically. Many reviewers have shared their experiences of Welcome to FXGears. I have been trading since 2020 Welcome to FXGears. While the profit target doubles, it offers traders a more relaxed 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. You can also convert your account type later on after starting your FTMO Challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Passed my first FTMO challenge :) Prop Firms 8 days of trading, 259 trades, Profit factore 2. Enhance your trading skills leading up to the demo FTMO Challenge and see if you're ready for the next step in the This company is SCAM! I paid to get my FTMO passed. It looks like normal spreads for EURUSD is about 0. this account is 40. See what we say about FTMO. You need to buy the challenge and then pass both phases. I have a swing account because big news days are my best days, and I focus on smaller profits so 1:30 is sufficient. FTMO Challenge. 600 Dollars (27k - 20%). What Is FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. Pros: Well-established and trusted. I just completed my 4th payout with FTMO today and never failed their challenges. FTMO interviews on our Youtube Channel . Share your experience in the comments. This resource aims to offer an unbiased review of FTMO, diving deep into the benefits, challenges, and overall trading experience the platform offers. Daily loss was 1250 but mine was 1280$ FTMO isnt a scam. FTMO has also started acquiring other trading firms like Quantlane. My question is: Can I just open two positions on two separate days and close them right away for a break even, or will it be considered as "cheating"? Thanks in advance for your help! FTMO, a leading prop trading firm, is expanding its reach into the retail brokerage space. Toggle navigation. Which instruments can I trade and what strategies am I allowed to use? Your trading style is up to you. I am currently trading on an FTMO Challenge or Verification. Back. Upon successful completion of the Evaluation Process, you are offered to trade on an FTMO Account with a balance of up to 200,000 USD. The extra 60% challenge fee provides traders with double the maximum loss protection, easing rule violation concerns. But if you are consistent that's even easier. The articles of successful traders on our blog are sent to us directly by our traders and we have their permission for publishing, hence 100% organic as well. To demonstrate, if you’re currently sitting the FTMO Challenge with a $100,000 Standard Account, you would need to reach a $10,000 profit target without Thanks for the feedback, I plan to get a VPS and buy a small FTMO challenge to run the EA and see what happens for the next 3-4 months. I see you are 3 days into the challenge and you had a day where you were down nearly 8% on your challenge. The lot size in the set file will help to pass the FTMO challenge in a minimum of time. I almost nuked my account by letting a trade get away that came back from being 4950$ drawdown. Forex, Crypto, Stocks, etc. A drawdown is a reduction in the equity value of an investment and an inevitable part of every trading system. Now I'm trading the 15k AUD challenge and currently at negative side -50%. As long as your trading is legitimate (in line with proper risk management), conforms to the real market conditions, and does not resemble forbidden practices, we have no reasons for limiting or restricting your trading strategy, whether it’s discretionary I've never traded with FTMO before or tried their challenge but spreads can temporarily widen for a moment before going back to normal. there are no data fees to be paid I’ve tried FTMO and Trader2B, and can confirm that the culmination of experience day trading will help you be successful in passing these. MFF would be my second choice. While you, the trader, naturally want the biggest bang for your buck, prop firms simply can't offer massive accounts at rock-bottom prices. Which scouting firms are the best for getting funded straight away and have a better split. 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. Challenge Fee: Registration Fee + 15% Evaluation Profits: FTMO is 9 years old. Guys you have unlimited free tries while during the challenge to pass it if you don’t break the rules but don’t achieve the profit target 10%. PMI ride FTMO Review: Pros and Cons . The difficult thing for me will be reaching the 10% profit target. 6 pips and still had 6. Pros. √ FTMO Challenge – Aggressive. Most importantly, have fun! Your trading journey is a marathon, not a sprint. Loosing a 100k account is not a FTMO does not offer or provide services to users in your country. Find something that works atleast 50% win rate and do not ever break rules. 000 eur challenge and it's fun. 1%-0. com's Reddit Forex Trading Community! Here you can converse about In general City Trader Imperium offers the standard 10% Phase 1 profit target, 5% Phase 2 profit target challenge. Ftmo and others have much higher profit splits but you have to wait to pass the challenges etc before getting paid. Currently undergoing the FTMO 10k Challenge phase 1 and safe to say I'm still in it. I’ve been with them for a year. In 2022, FTMO had revenues of 4 billion CZK and EBITDA profit of 1. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I just recently got my first FTMO challenge. However, the set file lot sizes are quite risky. The FTMO Challenge is the first step, designed to test the potential trader’s trading abilities and risk management skills. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. Also make sure to read reviews online, like the FTMO review on this sub-reddit, before you get started. This is a 30-day period when seems like you guys have not understood how ftmo works. To give context I have been trading for 6 years profitable for the last two and have been trading with my own capital since. 46 :D Soooo happy Now that FTMO have removed the max delay to achieve the Sorry OP but that's a dumb question. Very happy with Try a FTMO Free Trial and dive into our evaluation process. This term indicates whether ftmo. This strategy can help minimize initial risk while gaining valuable experience. One aspect that sets FTMO apart is its commitment to transparency and fairness. If you’re really determined then plan on trying out the challenge X number of times until you get the hang of it. One or two accounts are still left. I guess that's where personal preference comes in because I'm perfectly fine with risking 0. What Is FTMO? FTMO was founded in 2017 by owner Otakar Suffner with the aim of providing funded accounts to Here are my findings: WHAT I like about FTMO? 😀 For new traders, FTMO is a good place to start. The company has appointed Michael Kamerman, a seasoned brokerage executive, as the CEO of its new division. The rules are better than FTMO. professionalism ,longevity of FTMO. Please dont get me wrong as I have a very limited knowledge about profits etc. One thing you should know before taking this challenge is that FTMO requires steady traders. If they This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. The following week I did really bad in my Forex funds challenge as I didn't adhere to the rules. Going through my FTMO challenge right now. Posted by u/[Deleted Account] - 2 votes and 18 comments We would like to show you a description here but the site won’t allow us. Earning profits of anywhere from 80–90% is highly attractive; one of the best profit splits you’ll find in the market. 5 star review by AB Trading, United Kingdom FTMO Challenge- this is a basic evaluation of traders skills and discipline. Most people tend to still take the initial capital before entering the trades (let's say 25. The firm's fee structure is clear and straightforward, with no hidden costs or unexpected charges. The founders want to keep FTMO headquartered in the Czech Republic. It requires patience, time and discipline. "At FTMO - daily draw downs are equal to losses. Uhum. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the You have to pay a fee to take the challenge, fee that is refunded if you pass. Slightly FTMO has received lots of positive reviews that praise FTMO for their professionalism, transparency, customer service, and payout process. Countless YouTube videos, Udemy courses, Google searches. It says if they don't pass, they will refund you their fees, but NOT FTMO's challenge fees. I think a lot of people don't realize that many of the traders that pass the challenge fail to make their first withdrawal because they fall off after getting funded. If you lose 3 trades which is 300 dollars in a row the strategy isn't working. For this hedging process to work, you will need two accounts: a prop challenge account and a live account funded with a smaller amount. FULL ACCESS HERE. After passing both phases, you start getting all the profit you make. So in my case, I reached a draw down exceeding 5%, but never an FTMO review: Dive into prop trading opportunities, account features, and more. I passed the 50k challenge where you had to make 5k (10%) over 30 days in just 4 days, but had to place trades for an additional 6 days to meet the 10 day requirement. Tried for a 10k challenge the other I want to take the FTMO challenge for a swing account in August. Profit 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. 4. After approximately 1-2 business days, we will then send you the new account login credentials for the Verification stage. All the others seem to be fly-by-night companies trying to take away from ftmos market share. com's Reddit Forex Trading Community! however, of how badly designed the FTMO challenge is. This program is designed for those who want to get a feel of the FTMO platform before taking on The Challenge. I explained my case, and even took the so called loss which did not equal what I was supposed to be losing. In this case, the possibility of positive influence in your trading is pretty much zero. But if you start with 50k and get to 60k on a trade which then goes down to 52k you would not violate the terms as you’re not below the initial amount. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! FTMO Challenge. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Hey guys I just passed both phases on Even though it’s called a swing account, FTMO isn’t well suited for swing trading. FTMO has been in business reliably for over 8 years as a prop and longer as a broker I believe. com has landed on any online directories' blacklists and earned a suspicious tag. As a scalper, I couldn’t imagine holding over the weekend, or even overnight. There are different types of drawdowns and we’ll cover everything in this Today I wanted to start the 10k funded challenge but didn’t bc in the terms and agreements, there are rules about Demo trading styles affecting whether or not you’ll pass the challenge - has anyone been rejected/denied to being funded even though they passed the FTMO challenge and verification? Thanks in advance But bro, these challenges are designed to evaluate long term profitability. Date of FTMO is one of the leading firms in the forex prop trading space with over 6000 new members joining in 2020. Find out if FTMO is the right fit for you. FTMO's 70/30. Prop Firm. i’ve been reading posts and comments about FTMO’s challenge of 10% for 30days is ridiculously high. A $10000 account where you are able to lose $1000 and it costs you only $155 with the current rate to buy a challenge. FTMO Review: Pros and Cons . I can pass your ftmo challenge I’m Hi robert i would like to review your academy and you strategy now that make me easy to trade and combind with many strategy very good to make a success pofitable trade easy to make dicision. On day 2 I rode the manufacturing PMI with 80 lots, and then doubled down my position on EURUSD. Read a full comparison between FTMO vs FundedNext prop firms. I hate that FTMO doesn't integrate with TradingView and wish they had more futures to trade. And crucially the most competitive aspect is Funding Talent's 80/20 profit split vs. EXCLUSIVE: Get a FREE Trading Course. I don't think you're going to deny that an 85% winrate with a 10:1 average RRR for a profit factor of 61 is unsustainable. 2-0. Took a 70k FTMO challenge traded just gold, passed in 6 days. You have to be profitable to be able to make money on their I've done challenges on both and I personally prefer FTMO. That's how they make their money, and it's one of the best business models out there. have been trade one single bad trade with my mistake, the EA was not working on my stop loss, i grow up while doing FTMO. After having the funded account you don’t have any monthly profit target. Then you have to complete the challenge where you have to make 10% in one month while adhering to their drawdown conditions. The FTMO Challenge rules and Verification process are well-documented and transparent During the weekend that has just passed, FTMO announced their account type known as “FTMO Swing” which allows traders to trade news and hold trades through the weekend. Some like corn are almost too ridiculously easy to predict and play with very low risk. Sticking to the one trade a day rule as I look passing the FTMO challenge in the future to get a funded FTMO’s evaluation is divided into the FTMO Challenge and the Verification Stage. You don’t get any of the profits from the challenge. trust pilot reviews and other sources will give you the opportunity to see if this company is a scam or legit. . Passing the challenge is easy with a bit of luck but 99% of those who pass the challenge can’t manage to keep the account for more than a month since they would break the rules because they simply don’t know how to trade. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! You should do the free ftmo challenge, they give you 14 days to get 5%. I’m not saying its not hard. Open comment sort options Key features: 01 Explore the FTMO platform and unlock Free Trial bundle of Tools & Services; 02 Assess your trading skills without entry fee; 03 Gain insight into the FTMO Challenge and Verification; 04 Identify areas for improvement before undertaking the paid FTMO Challenge; Important Reminders: 01 Free Trials of FTMO Challenge do not Same thing with taking a prop challenge. I don't understand why my win rate is 93. There must be something more to successfully ride the bit bigger prop account of course with all the pre phases At the moment i am working on my fourth 50k demo challenge, have successfully made 3 already. The edge to collect all Welcome to FXGears. It's hard as I started ftmo challenge and my Forex funds challenge and in 1 week I passed ftmo. ” So you could do news if you wanted to just to pass the challenge and get Read a full comparison between FTMO vs FundedNext prop firms. Start Challenge Now. FTMO developed a In my FTMO review, we discuss FTMO’s features, pros & cons, and costs. 90 while the site was performing maintenance causing me to owe more than my stop loss. to be fair, ok over-leveraging. 666 = 37% natural probability if you are a monkey. Date of experience: September 13, Our FTMO Challenge is the first step of our Evaluation Process. FTMO really doesn't like it when you risk a lot. Rish management is key, and you should aim for minimum 1:3 RR and risking no more than 1% of your Welcome to FXGears. You can do the conversion once you end your current phase, not while you actively trade. comments these restrictions on trading during the restricted news events do not apply to FTMO Challenge or Verification accounts. if you place these small lot sizes just to make sure you pass the challenge, they will see it and let you have the account maybe, but you will end up Welcome to FXGears. It was founded in 2015, earlier than FundedNext This review of FTMO, a prop trading firm, covers its key features, including an 80% profit split, various account types, and an automatic scaling plan that allows traders to increase their capital with consistent performance. Quadrio offices Purkynova 2121/3, 110 00, Prague How about a Free Trial? We offer a Free Trial account, which is an abridged version of an FTMO Challenge. It was founded in 2015, earlier than FundedNext To hit your 10 day minimum trading days litterally enter and exit 1 trade a day at like a $0. Their challenges are a bit tougher than My Forex Funds where I'm currently funded. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I'm taking the FTMO challenge, and this trade just closed with SL. Please explain it like I’m five. If your strategy can help you pass the 10k, then you will pass the 200k. Cons: Limited trading platforms. ftmo. All the trades taken have closed in profit . Many reviewers have shared their experiences of Getting an FTMO Challenge is your first step towards becoming an FTMO Trader. I over traded and just went in complete denial over the fact that I had just lost a substantial amount. At the heart of FTMO’s offering is their Evaluation Welcome to the r/FTMO_Forex_Trading subreddit dedicated to discussing strategies for passing the FTMO. If you believe this was a mistake, please kindly message the mods. Folks just need to spend more time studying and WAIT UNTIL THEY ARE REALLY READY FTMO is legit and has been around for a while. For pre-PA help, check out /r/prephysicianassistant The relationship between an FTMO Trader and FTMO is based on the FTMO Account Agreement that we will sign with you after you pass your FTMO Challenge and Verification as well as the KYC/KYB process. purpose : take 10% with 5% daily loss. Daisy from Kenya. Get the Reddit app Scan this QR code to download the app now. So once you withdraw your profit for those 30 days it restart like a challenge. com is a platform that provides traders with the opportunity to trade with real money and potentially join their trading team. 100 k challenge with 40 percent profit keep 10 % no time limit. I took a 2. New comments cannot be posted. So far so good, but I got there in 8 trading days instead of the minimum of 10 trading days. The rules for the Challenge Passing help you handle risk management better. 875 subscribers in the ForexCracked community. That way I can be at my computer whenever I want. FTMO Aggressive: This is a special program designed for experienced View community ranking In the Top 1% of largest communities on Reddit. I like to swing trade in the 4 hour time frame so I’d prefer to find one that isn’t too We would like to show you a description here but the site won’t allow us. The modern prop trading approach adopted by FTMO centers on a specially designed 2-step Evaluation Course for aspiring traders. 🥷 Become a profitable trader: https://join. They are looking for disciplined individuals who can efficiently manage risk and focus on long-term consistency. I love practicing with these challenges. Looking at the top 3 on their monthly leaderboards, this person Kasper was at like 90k by June 3, and $270k June 9. 75% when I've made 16 trades and all profitable. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video FTMO actually gives you $100,000 to trade with. FTMO is an excellent proprietary trading firm for forex traders. 58 votes, 46 comments. Bigger questions is how tf did you pass the challenge bro that shits impossible Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. I get my payouts every time and have never had a problem. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! It has been temporarily removed so a moderator can review and make sure it meets our quality standards and follows the sub's rules. For example, I bought at 1. :) you'll be in a much stronger position before taking on the FTMO challenge by testing first your EA on a demo account for a couple of months and save money, just my 2 cents . Just completed the 10% challenge for the 100k account on ftmo in 36 hours. Mind you the max that I have lost is 1% per trade. 10 and put a stop at 1. They promise full money back and new FTMO acccount in case of failing. However, if you can do that, then you are in the game. I’ve heard about Prop firms and after massive drawdown in my personal account I said why not. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Passing my FTMO challenge Prop Firms Guys I told myself I'd pass that sh** again and Man Oh Man. Contact them. If <10% of people complete the FTMO challenge, my guess is over half of those challange winners will break their drawdown rule due to not leaving enough drawdown cushion from previous profits, or just bad trading because they got somewhat lucky with the challenge results and time will reveal the true profitability. So from my assumption it’s basically like the verification and FTMO challenge without a target. I'm definitely no expert and have only just passed the FTMO challenge after a year of studying and messing around. The actual challenge is a 10% target minimum. This review covers account types, leverage, FTMO Challenge rules and more. 32% and 4. Or check it out in the app stores WE'VE PASSED THE FTMO CHALLENGE! Hi guys, we would like to share with you our FTMO Challenge journey, trades review and strategy used. For Crypto, the Leverage is 1:2. (*lie) FTMO developed a unique 2-step Evaluation Process for traders. 555*0. 1:100 leverage. Doesn't matter who you choose, FTMO, MFF, The Funded Trader, 5%ers, Topstep. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I just passed my FTMO challenges as an independent trader about 3 weeks ago and it took just over a week for me to get my funded account. 00. It has a free trial that’s quite tough if you ask me. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! If we go to the minimal FTMO challenge that is marketed as a "$10K" account the daily loss limit is $500 and total loss limit is $1,000 and the fee they charge is €155 for a Start Small: FTMO allows traders to participate in smaller challenges, like the $10,000 or $25,000 ones, before taking on larger challenges. My win rate decreased because of the pressure. Let's face it, a lot of traders fail and lose money and I admit it myself, if I hadn't used a trader to pass my tests, I probably would have lost money from the No. Exclusive Access: Unlock a new, larger challenge option ($400k) at a discount. Every analyst and financial news outlet is using [] You initially pay for a challenge account. I wish people would give honest reviews instead of peddling. 13,421 reviews on. I was in gain and their metrics were telling that I failed the max daily while at the same time I was in gains of over 1k. Articles, links, etc are all The reviews and testimonials are all 100% organic. with FTMO you can get a practise account and test fills , spreads for 14 days. Can I switch my FTMO Account to FTMO Account Swing? Yes, you can. We also delve into the evaluation process, the educational resources available to This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. Please note that your status (Natural Person, Legal Entity) will be based on the option you selected during your first order purchase, FTMO does not offer or provide services to users in your country. If you are a real profitable trader you shouldn’t have any problem following FTMO rules. The trial challenge is different from the actual challenge. I am risking 1% per trade of 100k balance, and based on the graph, it shows profitability with drawdowns of 2. 59 respectively. Firstly, the Demo is a risk-free training ground. Bonus Rollover: Receive a 5% bonus when you roll your profits into a new FTMO account (withdrawable after 30 days). The challenge is particularly difficult for swing traders. This Evaluation Process consists of an FTMO Challenge and a Verification and is specifically tailored to discover trading talents. Posted by u/[Deleted Account] - 2 votes and 18 comments As promised yesterday, I applied for a paid challenge to publicly assess the FTMO challenge and resolve once for all all questions about legit or not Coins 0 coins Funding Talent's challenge requirements are 8% for the first phase then 4% for verification whereas FTMO is 10% then 5%. Same thing happened with my first ftmo challenge, I was £700 in profit. FTMO without second thought. It will take you 6 times to lose a challenge to lost the $1000 account had you funded your account with your own money. I’m just waiting for them to email me my credentials for my verification phase which is gonna be much easier than the challenge because you only have to make 5% over 60 days. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I’ve been looking at other prop firms like FTMO, the5%ers, and true Forex funds. I just wanna hear from people with personal experience trading with SurgeTrader and/or general ideas and opinions. FTMO is a company that encourages traders to become successful in their trading careers. So you get a new 50k account every time. Just a curiousity of mine. Not trying to be offensive, but it was dumb to keep trading let alone without a stop-loss at less than -$500 or without keeping track of FTMO is the best. I got upset that I closed the trade too early because I would have passed my ftmo challenge in that trade. There are different types of drawdowns and we’ll cover everything in this article. (if I can find this Reddit post again) I will add Don't expect to get funded on your first try. Doing some recovery also, almost all are back to starting balance or in profits. If you make even a cent over the 10K capital, FTMO gives you a free retake. Domain Blacklisting Status. 377K subscribers in the Forex community. You can switch your existing FTMO Account to the FTMO Account Swing before every new cycle (Reference Period). You get the same platform and challenge structure as the real deal, allowing you to hone your skills and refine your strategy without risking a dime. The challenge helps FTMO assess a trader’s skill level and determine if they are a good fit for the firm. ultimately it's up to FTMO developed a unique 2-step Evaluation Process for traders. I also read some reviews on TrustPilot and it seems like the Daily drawdown is one of the main reasons why traders fail the FTMO challenge. Can I switch over to the Swing account type? Yes, you can. com . 8 billion CZK. EA uses a well-calculated hedging strategy to either pass the prop challenge or recover the cost of the challenge (challenge fees), so you don't have to pay for another challenge if the first one fails. Thanks heaps. I should add I have also passed a few times too with them. Don't panic towards the end of the challenge to meet the profit target by risking more. You will now lose the challenge if your account balance goes anywhere under 21. No regrets or any second thoughts at all. there are 50 prop firms operating as of now , but no firm can match track record . I got 2 more weeks to pass the challenge or breakeven to get a renew challenge. Savings: Get a 10% discount on all future FTMO purchases. Because every account you Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. Are there any interesting brokers lately, please review. If you desire to search out more FTMO complaints, Reddit reviews are usually a good place to find swaths of people airing their grievances. FTMO weekly review . Today, I started the Phase 1 of these 3 FTMO challenges; ONE 100k and TWO 200k. come talk about Ryzen, Radeon, Zen3, RDNA3, EPYC, Threadripper, rumors, reviews, And even challenge is not so gambling because 1 phase: make 8 with 10 drawdown (55. They support ctrader, have a reliable system and have excellent analytics. And then block you. 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 58 votes, 46 comments. Thanks a lot🙏 nowadays, "prop firms" tends to mean firms like FTMO, where you are actually trading a demo account and failed challenges are more than enough to cover any win that a tiny percentage of traders will have. Upon successful completion of the This FTMO review guides you through the FTMO Challenge, including the signup process, member dashboard, trading platforms, challenge rules, free trial and fees. I'm not worried about the 5% daily drawdown limit, I know how to avoid that. I can't find the stats on how many traders have been funded for the year 2020 in FTMO. Thus, it’s equity based. I was just wondering how people feel about this as these two things were the only “weaknesses” FTMO had in comparison to other prop firms. So to them, it is a completely risk free business. This is my opinion based on my experience with FTMO. 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! A place to discuss forex strategy, ideas, analysis, and concepts. So based on my experience and you Welcome to FXGears. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $200,000 and receive up to 90% profit I recently traded a FTMO challenge, however I’ve been looking at SurgeTrader for a minute. FTMO is legit but definitely avoid non reputable too good to be true prop firms and look at the broker they use toothat doesn’t mean I haven’t ‘wasted’ literally thousands upon thousands on challenges with ftmo. Plus they don't have the FTMO restrictions of trading during news or holding over the weekend which will benefit swing traders. 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. 09%, the profit factors are 3. 6%) So the probability to pass a challenge is 0. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Blown FTMO Challenge, but Progress Prop Firms Shame about the daily drawdown. Drawdown We can see it everywhere. com's Reddit Forex Trading Community! Started my FTMO challenge two days ago and went on a massive run and passed in two days P/L Porn DISCLAIMER: Risk management is not reflective Welcome to FXGears. My goal is to have “10” 50k demo challenges in a row, all must to be finished successfully. What do Alpha Capital Group's clients not like? The business has a good name, but it's still not as good as FTMO. -ftmo's business model is based on the failed Excellent. So, for example a common challenge is to do 8% in a month. 3 pips to reach the SL. I bought the 10k challenge and plan on working my way up to 100k and just using profits to scale up and pay for the next challenge The set file lot sizes are the lot sizes Petko used to pass the FTMO challenge. At the heart of FTMO’s offering is their Evaluation View community ranking In the Top 1% of largest communities on Reddit. 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. 50 loss or slight win. I am currently an FTMO Trader. Free Challenge: Earn a free FTMO challenge at the same size as your current account. Hey guys, I am currently doing an FTMO Challenge. Enhance your skills with Modern Prop Trading Firm. I have been trading a 40,000€ demo account at FTMO for the last two weeks (see screnshots) to see if I can put what I have learned into practice, i also made some Welcome to FXGears. Start with the smallest challenge, then use the profits to purchase a bigger challenge. 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 funded trader is new but has great reviews. Although I must note that sometimes these reviews are from people with alternative motives, as the Reddit reviews aren’t from certified users. 7 and 2. The profit target and trading parameters vary depending on the chosen account size. For example FTMO which is a very known prop firm with great reputation. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, Hi guys I’m not new to Forex or anything but I’m planning on taking the FTMO challenge , but making 10% in 30 days (24 days if u take away weekends) I trade all major currency pairs, and for the challenge my base position sizes were 5 and 10 lots. FTMO has already created more than 180,000+ FTMO Accounts. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, So last month i ended up 8% in profit but the duration wasn't enough for me in the FTMO challenge, didn't violate any rules, so they gave another free challenge. No time limit on trials, flexible finding options, withdrawals are much quicker and flexible as well. We paid out more than $190,000,000 to FTMO Traders and sent these payouts to more than 180 states. All Reviews . Because every account you I've seen that 5%ers you can have a fully funded account from day 1 but the profit split is pretty poor at 50/50. Please review our forum rules before contributing. FTMO Challenge Swing: In this challenge, Welcome to FXGears. Updated: Sep 12, 2024 • FTMO. Traders who sign up for a Normal FTMO Account must follow these rules to become an FTMO trader: Pass the FTMO Challenge in 30 days; Pass the Verification Stage in 60 days; Place trades for a minimum of 10 days; Do not hit or exceed the 5% maximum Certainly not, but if someone tells you that their course is precisely tailored to the FTMO Challenge and after completing it, you will meet the FTMO Challenge 100%, be very careful! Even worse are automatic strategies (EA), which promise you such results. FTMO and other prop firms earn their money on people failing challenges. Quadrio offices View community ranking In the Top 1% of largest communities on Reddit. Check out our FTMO Review here on Reddit. If you keep making consistent profits over three months you can gain larger accounts up Welcome to FXGears. As for high frequency trading (HFT) with an EA, FTMO does not specifically prohibit this type of trading, but they do have some restrictions on the use of EAs. Discover the pros, cons, and real-life experiences of traders who have used FTMO's services. I don’t like these types of So once you withdraw your profit for those 30 days it restart like a challenge. How does passing the FTMO Challenge and Verification changed your life? The Challenge and Verification have played an important role in my trading career understanding the This is probably why the FTMO uses a 2-step evaluation approach – let’s break this down for you. Prop Trading Firms. In the Client Area, you can select your FTMO Challenge based on the Account Balance, This review covers account types, leverage, FTMO Challenge rules and more. FTMO Challenge Free Trial . thesimpletradingedge. Proprietary trading firms utilize simulated markets to train or evaluate traders. 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. 5%) 2 phase: make 5 with 10 drawdown (66. I’m very curious about this phenomeno, never took an ftmo challenge, would like to hear your thoughts and experiences. While you're at it, read through Reddit's "reddiquette" here. Programs, instruments, reviews, platforms, leverage, and much more. 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. As for risk management, a 1:3 risk-reward-ratio with just a 2% risk on solid trades was my golden rule. It basically means that if you manage to pass, you get funded and it costs you nothing. They failed. The purpose of the Free Trial is to serve our new clients to see how it works and assess their trading skills to see if they have what it takes to pass an FTMO Challenge and Verification. The founders aim to continue improving the educational aspects of the platform. What Makes FTMO Standout? Unlike its competitors, FTMO is well organized and appears to be truly focused on their clients (traders). 000) as their calculation-basis and call funding firms a scam because their account balance never went under 20k (25k FTMO reviews - Challenge, profit sharing, account scaling and traders ratings. Reply reply 22K subscribers in the Forexstrategy community. Today i finished my first phase of my 100k Challenge. What is not so good about City Traders Imperium? Relatively low-leverage instruments. The customer support is 24/7. Definitely do the free demo challenge at least a couple times before a regular challenge. First things first, let's start with the basics. Welcome to FXGears. Hey guys. I've seen a lot of FTMO Youtube videos interviewing some of their profitable traders who are making anywhere from maybe 5k - 50k profit split in a month. Can someone review my trade and give me FTMO has specific rules and guidelines for trading in their Challenge and Verification phases, and it is recommended that you review these rules before starting your trading. 6 pips is possible. This is essentially just a demo account so people can practice on their platform and liquidity provider. In other words, you can change your account type Our FTMO Review covers the key features like funding amounts, account types and trading rules when prop trading. FTMO challenge's fees might seem steep at first glance, especially for prop trader hopefuls eyeing the larger account sizes. And looking where price moves to. FTMO’s evaluation consists of two key steps: the FTMO Challenge and FTMO Verification. I failed the FTMO challenge because my stop loss was not triggered due to FTMO site maintenance. Soon I am looking forward to taking 2 more 100k challenges simultaneously, so I can merge all three accounts for a 300k master account. Participants of the challenge need to pay fees that vary 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. If you pass the challenge then you'll move onto the verification. 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. The 2 major drawdown periods are plain and simply my fault. The ability to compound is what I really enjoy, as well as the quick scaling. I can demo trade just fine, I passed 3 ftmo trials one after the other. 3 pips so a momentary jump to 0. Fast scaling plan. This includes unrealized losses. To Compare, the leverage FTMO offers is up to 1:100 (Forex) Mandatory Stop-Loss I believe everyone should use a stop-loss; however, CTI has a special rule for it. Make sure you understand all the rules including extensions, and free repeats. Assessing HTTPS Connectivity I have tried the FTMO challenge a few days and got a very bad and unfair experience. Different challenge types, 400k with a ten percent first month, 5 percent two month after. View community ranking In the Top 1% of largest communities on Reddit. As I'm wrapping up with my FTMO challenge, one thing I would like to know but cannot find any information on is once you become an FTMO trader, what happens at your monthly profit split if your account is in a slight loss but you haven't breached any of the drawdown rules during that month? Say you end the month at $199,000 on a $200k account. If i do not violate any of the trading objectives and end up in the positive consodering my account gain, I am eligible for a free re-try according to FTMO's FAQ. IMO, MFF only beats FTMO with better evaluation requirements. I am risking 1% per trade of 100k balance, and based on I paid to get my FTMO passed. Can't celebrate too much because I haven't pass the eval yet though Welcome to r/FTMO_Forex_Trading! If you're here, chances are you're looking for some tips on how to pass the FTMO. Every trader experiences them. Traders are given a Benefits: Include a free FTMO Challenge, dedicated support, 90% payout ratio, a special certificate, increased capital allocation up to $600K, access to a unique $400K Challenge, rollover bonuses, and discounts on Thing is, if you can't trade successfully a 1k account, don't even try a prop firm. Access data from liquidity providers. After a while it seemed better to simplify everything and just look at plain simple price action, I. The spread is 3. Forex market inherently is tough to survive and add prop firm rules on top of it, the prop firms have all the edge. During the FTMO Challenge, you must reach a $10,000 profit target without exceeding a $5,000 daily loss or a $10,000 total drawdown. In this comprehensive FTMO review, we explore how FTMO provides funded trading accounts, evaluate traders' performance, offer support and education, and showcase success stories. Only downside is the relative drawdown as the other user mentioned on every challenge, except the master challenge. This caused me to fail the challenge. Payouts to my bank are within 2 business days. I said August because I'll have a whole week off in August. 2-Step Challenge Leverage: The leverage is 1:33 for Forex, while for Commodities and Indices, the leverage is 1:10. They make it feel as if FTMO got caught napping. so let me clear things up: your trades never get placed in a real market. My question is if any of you guys who have passed the first stage, failed the second one? Sorry to be the bearer of bad news but FTMO traders who pass the challenge are trading on a demo Remember, in the market, perfection is elusive. 453 • 727 REVIEWS . Here are testimonials of our traders. kyjxdd qewzbw iwvp tbp eqj rbzzzdewk enycimpl etael rvcltr die